Institutional
Permanens Capital L.P.
CIK 0001599637
$776.3M
Reported AUM
88
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Permanens Capital L.P. · Q1 2026
AI · grounded in 13F
Permanens Capital L.P. closed its position in SLV, reducing exposure by $57.99M. The fund established new positions in SECU for $40.96M and SCHI for $30.62M. Additionally, the fund exited its position in SHYG, resulting in a $36.31M decrease.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | IAU | ISHARES GOLD TR | $81.22 | -3.63% | 30.01% | 135.01% | $166.2M | 21.41% | +763,004 | +68.0% |
| 2 | VTV | VANGUARD INDEX FDS | $212.02 | -1.36% | 25.17% | 71.24% | $117.6M | 15.15% | +37,934 | +6.8% |
| 3 | BIL | SPDR SERIES TRUST | $91.45 | 0.04% | 4.23% | 18.33% | $90.5M | 11.66% | +323,670 | +48.7% |
| 4 | VUG | VANGUARD INDEX FDS | $85.93 | -3.62% | 22.71% | 78.84% | $50.2M | 6.46% | −46,732 | −28.9% |
| 5 | SECU | BLACKROCK ETF TRUST II | $49.60 | -0.15% | 0.70% | -0.22% | $41.0M | 5.28% | +822,353 | NEW |
| 6 | SCHI | SCHWAB STRATEGIC TR | $22.45 | -0.58% | 6.62% | 4.04% | $30.6M | 3.94% | +1,349,942 | NEW |
| 7 | IEI | ISHARES TR | $116.73 | -0.38% | 3.63% | 0.21% | $30.6M | 3.94% | +241,436 | +1462.5% |
| 8 | JPY | LAZARD ACTIVE ETF TR | $36.47 | -2.71% | 30.81% | 30.54% | $19.6M | 2.53% | +13,646 | +2.3% |
| 9 | CCJ | CAMECO CORP | $103.44 | -9.28% | 71.53% | 488.33% | $18.4M | 2.37% | −4,921 | −2.8% |
| 10 | PREF | PRINCIPAL EXCHANGE TRADED FD | $18.93 | -0.21% | — | — | $15.9M | 2.05% | −868,623 | −50.6% |
| 11 | BBEU | J P MORGAN EXCHANGE TRADED F | $76.40 | -1.99% | 16.02% | 51.83% | $15.0M | 1.93% | −353,696 | −63.1% |
| 12 | IAUM | ISHARES GOLD TR | $43.02 | -3.63% | 30.28% | 137.19% | $12.4M | 1.60% | +113,270 | +74.3% |
| 13 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | -10.71% | 52.39% | $11.5M | 1.49% | +5,922 | +23.5% |
| 14 | WMT | WALMART INC | $118.88 | 0.97% | 22.99% | 166.67% | $10.8M | 1.39% | +285 | +0.3% |
| 15 | BKR | BAKER HUGHES COMPANY | $62.59 | -5.32% | 68.00% | 232.13% | $10.7M | 1.37% | +174,553 | NEW |
| 16 | JPM | JPMORGAN CHASE & CO | $312.37 | 0.48% | 19.84% | 133.52% | $10.0M | 1.29% | +6,628 | +24.2% |
| 17 | MUFG | MITSUBISHI UFJ FINANCIAL GRO | $19.91 | -0.70% | 43.86% | 293.47% | $9.8M | 1.26% | +42,411 | +8.0% |
| 18 | ULTA | ULTA BEAUTY INC | $467.07 | 0.98% | 0.31% | 39.09% | $9.7M | 1.25% | +3,618 | +24.2% |
| 19 | BRK/B | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | $9.5M | 1.22% | +19,820 | NEW |
| 20 | EAGL | 2023 ETF SERIES TRUST | $32.88 | -1.47% | 12.79% | 33.90% | $9.1M | 1.17% | −501,534 | −62.6% |
| 21 | BKLN | INVESCO EXCH TRADED FD TR II | $20.46 | -0.20% | 4.40% | 29.18% | $7.8M | 1.01% | +383,369 | NEW |
| 22 | BRHY | BLACKROCK ETF TRUST II | $50.76 | -0.39% | 7.70% | 13.90% | $7.8M | 1.01% | +154,756 | NEW |
| 23 | RSP | INVESCO EXCHANGE TRADED FD T | $207.83 | -1.42% | 18.26% | 47.36% | $6.5M | 0.84% | +34,000 | NEW |
| 24 | SPY | STATE STR SPDR S&P 500 ETF T | $737.55 | -2.58% | 24.51% | 79.50% | $4.1M | 0.52% | +1,526 | +32.4% |
| 25 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | $3.9M | 0.50% | −8,370 | −31.2% |
| 26 | DXJ | WISDOMTREE TR | $169.25 | -2.44% | 50.77% | 224.77% | $3.8M | 0.49% | −268,841 | −91.8% |
| 27 | NFLX | NETFLIX INC. | $82.18 | 0.76% | -33.80% | 58.78% | $3.1M | 0.39% | +5,484 | +20.9% |
| 28 | BRT | BRT APARTMENTS CORP | $14.64 | 2.02% | -2.26% | 8.23% | $2.7M | 0.35% | +1 | +0.0% |
| 29 | COP | CONOCOPHILLIPS | $117.14 | -1.75% | 38.76% | 149.74% | $2.5M | 0.32% | −15,563 | −44.9% |
| 30 | META | META PLATFORMS INC | $593.00 | -5.51% | -14.74% | 67.74% | $2.2M | 0.28% | −703 | −15.4% |
| 31 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $415.17 | -6.69% | — | — | $1.8M | 0.23% | −3,809 | −41.9% |
| 32 | GOOGL | ALPHABET INC | $368.53 | -0.98% | — | — | $1.8M | 0.23% | — | HELD |
| 33 | BGC | BGC GROUP INC | $10.86 | 2.84% | — | — | $1.7M | 0.21% | — | HELD |
| 34 | MELI | MERCADOLIBRE INC | $1607.80 | -1.65% | — | — | $1.7M | 0.21% | +121 | +14.5% |
| 35 | UNH | UNITEDHEALTH GROUP INC | $399.47 | 0.76% | — | — | $1.6M | 0.21% | −4,065 | −40.0% |
| 36 | MA | MASTERCARD INCORPORATED | $491.08 | 1.93% | — | — | $1.6M | 0.21% | +690 | +27.4% |
| 37 | GOOG | ALPHABET INC | $365.76 | -0.95% | — | — | $1.6M | 0.20% | −3,859 | −41.2% |
| 38 | AAPL | APPLE INC | $307.34 | -1.25% | — | — | $1.5M | 0.19% | — | HELD |
| 39 | SAP | SAP SE | $184.77 | -1.27% | — | — | $1.5M | 0.19% | +959 | +12.7% |
| 40 | DHR | DANAHER CORP DEL | $184.30 | -1.25% | — | — | $1.3M | 0.17% | −3,708 | −35.0% |
| 41 | QQQ | INVESCO QQQ TR | $705.06 | -4.80% | — | — | $1.3M | 0.16% | +1,099 | +99.5% |
| 42 | QLD | PROSHARES TR | $89.54 | -9.57% | — | — | $1.3M | 0.16% | — | HELD |
| 43 | COF | CAPITAL ONE FINL CORP | $180.67 | -1.38% | — | — | $1.2M | 0.15% | −4,731 | −41.9% |
| 44 | SHOP | SHOPIFY INC | $109.54 | -5.60% | — | — | $1.2M | 0.15% | — | HELD |
| 45 | ARCC | ARES CAPITAL CORP | $18.79 | -0.58% | — | — | $1.2M | 0.15% | — | HELD |
| 46 | WDAY | WORKDAY INC | $144.28 | -2.45% | — | — | $1.1M | 0.15% | −4,684 | −34.7% |
| 47 | CMCSA | COMCAST CORP NEW | $23.82 | 2.10% | — | — | $1.1M | 0.14% | −33,146 | −46.7% |
| 48 | INTU | INTUIT | $296.76 | -1.73% | — | — | $973K | 0.13% | +1,337 | +146.3% |
| 49 | QXO | QXO INC | $15.76 | -2.90% | — | — | $971K | 0.13% | +6,000 | +13.6% |
| 50 | AER | AERCAP HOLDINGS NV | $136.94 | 0.37% | — | — | $961K | 0.12% | −10,514 | −60.0% |
| 51 | IEFA | ISHARES TR | $95.56 | -2.60% | — | — | $959K | 0.12% | +10,594 | NEW |
| 52 | LEN | LENNAR CORP | $90.49 | -1.51% | — | — | $954K | 0.12% | −7,928 | −41.9% |
| 53 | AA | ALCOA CORP | $71.89 | -7.86% | — | — | $940K | 0.12% | −13,342 | −48.5% |
| 54 | WWD | WOODWARD INC | $357.74 | -0.73% | — | — | $879K | 0.11% | −4,980 | −67.0% |
| 55 | KWEB | KRANESHARES TRUST | $26.38 | -2.76% | — | — | $790K | 0.10% | — | HELD |
| 56 | ASML | ASML HLDG NV | $1641.74 | -6.59% | — | — | $651K | 0.08% | −1,038 | −67.8% |
| 57 | AJG | GALLAGHER ARTHUR J & CO | $216.14 | 2.44% | — | — | $629K | 0.08% | +2,905 | NEW |
| 58 | EL | LAUDER ESTEE COS INC | $83.49 | 0.71% | — | — | $621K | 0.08% | −6,146 | −41.5% |
| 59 | BP | BP PLC | $42.97 | -2.43% | — | — | $577K | 0.07% | — | HELD |
| 60 | SHEL | SHELL PLC | $85.40 | -1.53% | — | — | $559K | 0.07% | −9,197 | −60.5% |
| 61 | SPGI | S&P GLOBAL INC | $424.44 | 1.03% | — | — | $532K | 0.07% | +1,251 | NEW |
| 62 | HUM | HUMANA INC | $350.08 | 0.08% | — | — | $490K | 0.06% | −2,661 | −48.6% |
| 63 | FRDM | EA SERIES TRUST | $66.74 | -8.17% | — | — | $472K | 0.06% | +8,644 | NEW |
| 64 | EMEQ | NOMURA ETF TR | $62.17 | -11.57% | — | — | $462K | 0.06% | +10,235 | NEW |
| 65 | GLD | SPDR GOLD TR | $396.24 | -3.65% | — | — | $451K | 0.06% | +1,049 | NEW |
| 66 | ELV | ELEVANCE HEALTH INC FORMERLY | $415.53 | 1.49% | — | — | $433K | 0.06% | −1,067 | −41.9% |
| 67 | IVV | ISHARES TR | $740.91 | -2.62% | — | — | $417K | 0.05% | +25 | +4.1% |
| 68 | LVO | LIVEONE INC | $6.02 | -6.67% | — | — | $402K | 0.05% | — | HELD |
| 69 | LBRDK | LIBERTY BROADBAND CORP | $30.91 | 2.45% | — | — | $381K | 0.05% | −4,830 | −38.9% |
| 70 | BXSL | BLACKSTONE SECD LENDING FD | $23.57 | -0.97% | — | — | $376K | 0.05% | +15,375 | NEW |
| 71 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | — | — | $362K | 0.05% | — | HELD |
| 72 | IWD | ISHARES TR | $236.42 | -1.91% | — | — | $346K | 0.04% | +161 | +11.1% |
| 73 | ACP | ABRDN INCOME CREDIT STRATEGI | $5.21 | -0.38% | — | — | $309K | 0.04% | +33,050 | +120.2% |
| 74 | ALTI | ALTI GLOBAL INC | $2.98 | -1.97% | — | — | $299K | 0.04% | +4,764 | +6.1% |
| 75 | IWF | ISHARES TR | $122.69 | -3.26% | — | — | $298K | 0.04% | −103 | −12.8% |
| 76 | PODC | PODCASTONE INC | $4.22 | 1.69% | — | — | $276K | 0.04% | +35,000 | +34.9% |
| 77 | EFC | ELLINGTON FINANCIAL INC | $13.55 | 0.22% | — | — | $267K | 0.03% | +22,298 | NEW |
| 78 | EQT | EQT CORP | $53.75 | -2.70% | — | — | $251K | 0.03% | +3,939 | NEW |
| 79 | IWM | ISHARES TR | $281.65 | -3.55% | — | — | $227K | 0.03% | +915 | NEW |
| 80 | BAC | BANK AMERICA CORP | $53.83 | -0.63% | — | — | $202K | 0.03% | — | HELD |
| 81 | PSEC | PROSPECT CAP CORP | $2.23 | -2.19% | — | — | $176K | 0.02% | +66,180 | NEW |
| 82 | FSK | FS KKR CAP CORP | $10.70 | -2.46% | — | — | $129K | 0.02% | — | HELD |
| 83 | CCAP | CRESCENT CAP BDC INC | $11.11 | -3.48% | — | — | $126K | 0.02% | — | HELD |
| 84 | MFIC | MIDCAP FINANCIAL INVSTMNT CO | $10.48 | -3.05% | — | — | $124K | 0.02% | — | HELD |
| 85 | RC | READY CAPITAL CORP | $1.71 | -0.58% | — | — | $106K | 0.01% | — | HELD |
| 86 | CANG | CANGO INC | $0.33 | -21.43% | — | — | $81K | 0.01% | +196,412 | NEW |
| 87 | TCPC | BLACKROCK TCP CAPITAL CORP | $3.68 | -3.41% | — | — | $77K | 0.01% | — | HELD |
| 88 | OPEN | OPENDOOR TECHNOLOGIES INC | $4.42 | -10.71% | — | — | $47K | 0.01% | — | HELD |
| 89 | SLV | ISHARES SILVER TR | $61.57 | -8.08% | — | — | — | — | −900,242 | EXITED |
| 90 | SHYG | ISHARES TR | $42.17 | -0.31% | — | — | — | — | −847,010 | EXITED |
| 91 | UBS | UBS GROUP AG | $47.01 | -1.38% | — | — | — | — | −207,412 | EXITED |
| 92 | SCHW | SCHWAB CHARLES CORP | $88.84 | 0.95% | — | — | — | — | −85,461 | EXITED |
| 93 | IGSB | ISHARES TR | $52.14 | -0.31% | — | — | — | — | −37,203 | EXITED |
| 94 | AON | AON PLC | $328.53 | 1.95% | — | — | — | — | −3,877 | EXITED |
| 95 | HLT | HILTON WORLDWIDE HLDGS INC | $343.10 | 1.46% | — | — | — | — | −3,035 | EXITED |
| 96 | PTC | PTC INC | $137.00 | -1.29% | — | — | — | — | −4,173 | EXITED |
| 97 | MLM | MARTIN MARIETTA MATLS INC | $575.83 | -0.87% | — | — | — | — | −608 | EXITED |
| 98 | VMC | VULCAN MATLS CO | $281.38 | -0.59% | — | — | — | — | −1,208 | EXITED |
| 99 | UVXY | PROSHARES TR II | $30.68 | 11.00% | — | — | — | — | −9,000 | EXITED |
Source: SEC EDGAR · accession 0001493152-26-023927. 13F discloses long positions only — shorts, foreign equities, and options are excluded.