Data as of Q4 2025 (Dec 31, 2025)

Permit Capital, LLC

•CIK: 1313978•Filing: Q4 2025

**Permit Capital, LLC** manages $321M across a concentrated portfolio of 19 positions. The fund exhibits significant conviction in select names, with its largest holding in SBAC at $111.3M. Further notable allocations include PBI ($34.4M) and EXPE ($20.7M). This structure suggests a focused, high-conviction approach targeting specific market opportunities.

Total AUM
$321.4M
QoQ Performance
+0.7%
Positions
19
Top 10 Concentration
78.1%
Latest Filing
Q4 2025

Top Holdings Allocation

SBAC
PBI
EXPE
SBAC34.6%
PBI10.7%
EXPE6.4%
WDC4.3%
GOOG4.2%
IDI4.1%
SATS3.6%
FTDR3.5%

📈 Biggest Buys

PBI
PITNEY BOWES INC
+14.0%
10.7% of portfolio
FTDR
FRONTDOOR INC
+27.0%
3.5% of portfolio
MTCH
MATCH GROUP INC NEW
+19.9%
3.5% of portfolio
7HP
HP INC
+22.8%
1.9% of portfolio
QVCGA
QVC GROUP INC
+7.3%
1.3% of portfolio

📉 Biggest Sells

WDC
WESTERN DIGITAL CORP
-20.0%
4.3% of portfolio
EXPE
EXPEDIA GROUP INC
-12.0%
6.4% of portfolio
GOOG
ALPHABET INC
-8.5%
4.2% of portfolio
SBAC
SBA COMMUNICATIONS CORP NEW
-0.5%
34.6% of portfolio
IDI
INTERDIGITAL INC
-0.5%
4.1% of portfolio

Sector Breakdown

Other89.6%
Technology7.3%
Healthcare3.1%

🚪 Exited Positionssold since Q3 2025

SNDK
SANDISK CORP
SOLD
$4.2M

Changes from Q3 2025

↑5 increased
↓5 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

SBAC34.6%
SBA COMMUNICATIONS CORP NEW
$111.3M
PBI10.7%
PITNEY BOWES INC
$34.4M
EXPE6.4%
EXPEDIA GROUP INC
$20.7M
WDC4.3%
WESTERN DIGITAL CORP
$13.8M
GOOG4.2%
ALPHABET INC
$13.5M

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