Permanens Capital L.P. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$766.8M

Holdings

80

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (80 positions)

#StockSharesValue% PortfolioType
1
VTVVANGUARD INDEX FDS
561,293$107.2M13.98%
2
IAU*ISHARES GOLD TR
1,122,462$91.1M11.88%
3
VUGVANGUARD INDEX FDS
161,547$78.8M10.28%
4
BILSPDR SERIES TRUST
664,112$60.7M7.91%
5
SLVISHARES SILVER TR
900,242$58.0M7.56%
6
DXJWISDOMTREE TR
292,755$42.2M5.50%
7
BBEUJ P MORGAN EXCHANGE TRADED F
560,278$41.1M5.36%
8
SHYGISHARES TR
847,010$36.3M4.74%
9
PREFPRINCIPAL EXCHANGE TRADED FD
1,715,767$32.7M4.27%
10
EAGL2023 ETF SERIES TRUST
800,671$26.0M3.39%
11
JPYLAZARD ACTIVE ETF TR
582,605$18.6M2.43%
12
CCOCAMECO CORP
174,183$15.9M2.08%
13
MSFTMICROSOFT CORP
25,224$12.2M1.59%
14
WMTWALMART INC
86,403$9.6M1.26%
15
UBSUBS GROUP AG
207,412$9.6M1.25%
16
ULTAULTA BEAUTY INC
14,966$9.1M1.18%
17
JPMJPMORGAN CHASE & CO.
27,436$8.8M1.15%
18
SCHWSCHWAB CHARLES CORP
85,461$8.5M1.11%
19
MUFGMITSUBISHI UFJ FINL GROUP IN
533,233$8.5M1.10%
20
IAUMISHARES GOLD TR
152,381$6.5M0.85%
21
AMZNAMAZON COM INC
26,864$6.2M0.81%
22
UNHUNITEDHEALTH GROUP INC
10,150$3.4M0.44%
23
COPCONOCOPHILLIPS
34,632$3.2M0.42%
24
SPYSPDR S&P 500 ETF TR
4,707$3.2M0.42%
25
METAMETA PLATFORMS INC
4,553$3.0M0.39%
26
BRTBRT APARTMENTS CORP
201,264$3.0M0.39%
27
GOOGALPHABET INC
9,363$2.9M0.38%
28
WDAYWORKDAY INC
13,510$2.9M0.38%
29
TSMTAIWAN SEMICONDUCTOR MFG LTD
9,083$2.8M0.36%
30
COFCAPITAL ONE FINL CORP
11,278$2.7M0.36%
31
AERAERCAP HOLDINGS NV
17,516$2.5M0.33%
32
NFLXNETFLIX INC
26,296$2.5M0.32%
33
DHRDANAHER CORPORATION
10,598$2.4M0.32%
34
WWDWOODWARD INC
7,437$2.2M0.29%
35
CMCSACOMCAST CORP NEW
71,047$2.1M0.28%
36
IEIISHARES TR
16,508$2.0M0.26%
37
IGSBISHARES TR
37,203$2.0M0.26%
38
LENLENNAR CORP
18,917$1.9M0.25%
39
GOOGLALPHABET INC
6,110$1.9M0.25%
40
SAPSAP SE
7,535$1.8M0.24%
41
MLB1MERCADOLIBRE INC
836$1.7M0.22%
42
ASMLASML HOLDING N V
1,531$1.6M0.21%
43
SHOPSHOPIFY INC
10,030$1.6M0.21%
44
AAPLAPPLE INC
5,803$1.6M0.21%
45
ELLAUDER ESTEE COS INC
14,792$1.5M0.20%
46
BGCBGC GROUP INC
170,000$1.5M0.20%
47
QLDPROSHARES TR
20,750$1.5M0.19%
48
AAALCOA CORP
27,511$1.5M0.19%
49
MAMASTERCARD INCORPORATED
2,521$1.4M0.19%
50
HUMHUMANA INC
5,474$1.4M0.18%
51
AONAON PLC
3,877$1.4M0.18%
52
ARCCARES CAPITAL CORP
65,544$1.3M0.17%
53
SHELSHELL PLC
15,210$1.1M0.15%
54
KWEBKRANESHARES TRUST
27,792$946K0.12%
55
ELVELEVANCE HEALTH INC FORMERLY
2,546$892K0.12%
56
HLTHILTON WORLDWIDE HLDGS INC
3,035$871K0.11%
57
QXOQXO INC
44,000$848K0.11%
58
PTCPTC INC
4,173$726K0.09%
59
NDQINVESCO QQQ TR
1,105$678K0.09%
60
INTUINTUIT
914$605K0.08%
61
LBRDKLIBERTY BROADBAND CORP
12,406$602K0.08%
62
BPBP PLC
12,266$425K0.06%
63
IVVISHARES TR
614$420K0.05%
64
NVDANVIDIA CORPORATION
2,076$387K0.05%
65
IWFISHARES TR
803$380K0.05%
66
MLMMARTIN MARIETTA MATLS INC
608$378K0.05%
67
LVOLIVEONE INC
78,823$372K0.05%
68
ALTIALTI GLOBAL INC
77,817$361K0.05%
69
VMCVULCAN MATLS CO
1,208$344K0.04%
70
UVXYPROSHARES TR II
9,000$323K0.04%
71
IWDISHARES TR
1,456$306K0.04%
72
PODCPODCASTONE INC
100,238$247K0.03%
73
BACBANK AMERICA CORP
4,149$228K0.03%
74
FSKFS KKR CAP CORP
12,058$178K0.02%
75
ACPABRDN INCOME CREDIT STRATEGI
27,500$150K0.02%
76
CCAPCRESCENT CAP BDC INC
10,000$144K0.02%
77
RCREADY CAPITAL CORP
65,000$142K0.02%
78
MFICMIDCAP FINANCIAL INVSTMNT CO
11,029$126K0.02%
79
TCPCBLACKROCK TCP CAPITAL CORP
21,406$117K0.02%
80
OPENOPENDOOR TECHNOLOGIES INC
10,000$58K0.01%