Permanens Capital L.P. reported 65 positions worth $226.03M for the quarter ended Jun 30, 2026, down 24.7% on the prior quarter. It opened 26 new positions, added to 29, trimmed 8 and exited 20. Its largest holding is Ishares Gold Trust at 28.7% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| HHH Howard Hughes Holdings Inc. | +169.1K | – | $12.09M | 5.35% |
| NOK Nokia Corp | +753.8K | – | $10.01M | 4.43% |
| GOOGL Alphabet Inc. | +28.0K | +458.3% | $10.01M | 5.39% |
| MSFT Microsoft Corp | +5,227 | +16.8% | $1.95M | 6% |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | +3,840 | +72.8% | $1.84M | 1.93% |
| AAPL Apple Inc. | +4,800 | +82.7% | $1.39M | 1.36% |
| AVGO Broadcom Inc. | +3,634 | – | $1.37M | 0.607% |
| NVDA Nvidia Corp | +6,571 | +316.5% | $1.31M | 0.765% |
| SPGI S&P Global Inc. | +2,939 | +234.9% | $1.20M | 0.755% |
| MA Mastercard Inc | +2,252 | +70.1% | $1.16M | 1.24% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| IAU Ishares Gold Trust | -1.03M | -54.5% | $77.58M | 28.67% |
| BKR Baker Hughes Co | -174.6K | -100.0% | $10.66M | Exited |
| BRK-B Berkshire Hathaway Inc | -18.6K | -93.8% | $9.30M | 0.273% |
| BRT BRT Apartments Corp. | -201.3K | -100.0% | $2.73M | Exited |
| BGC BGC Group, Inc. | -170.0K | -100.0% | $1.66M | Exited |
| ARCC Ares Capital Corp | -65.5K | -100.0% | $1.18M | Exited |
| CMCSA Comcast Corp | -37.9K | -100.0% | $1.09M | Exited |
| QXO QXO, Inc. | -50.0K | -100.0% | $971.00K | Exited |
| AER AerCap Holdings N.V. | -7,002 | -100.0% | $960.53K | Exited |
| WWD Woodward, Inc. | -2,457 | -100.0% | $879.41K | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| HHH Howard Hughes Holdings Inc. | +169.1K | $12.09M | 5.35% |
| NOK Nokia Corp | +753.8K | $10.01M | 4.43% |
| AVGO Broadcom Inc. | +3,634 | $1.37M | 0.607% |
| STUB StubHub Holdings, Inc. | +80.6K | $1.04M | 0.459% |
| MU Micron Technology Inc | +800 | $923.43K | 0.409% |
| CAT Caterpillar Inc | +628 | $668.76K | 0.296% |
| STX Seagate Technology Holdings plc | +575 | $555.30K | 0.246% |
| ETN Eaton Corp plc | +1,069 | $455.52K | 0.202% |
| TSLA Tesla, Inc. | +944 | $397.05K | 0.176% |
| AMD Advanced Micro Devices Inc | +660 | $383.40K | 0.17% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| BKR Baker Hughes Co | -174.6K | $10.66M | 3.55% |
| BRT BRT Apartments Corp. | -201.3K | $2.73M | 0.908% |
| BGC BGC Group, Inc. | -170.0K | $1.66M | 0.554% |
| ARCC Ares Capital Corp | -65.5K | $1.18M | 0.393% |
| CMCSA Comcast Corp | -37.9K | $1.09M | 0.362% |
| QXO QXO, Inc. | -50.0K | $971.00K | 0.323% |
| AER AerCap Holdings N.V. | -7,002 | $960.53K | 0.32% |
| WWD Woodward, Inc. | -2,457 | $879.41K | 0.293% |
| SHEL Shell plc | -6,013 | $559.21K | 0.186% |
| GLD Spdr Gold Trust | -1,049 | $451.37K | 0.15% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | IAU Ishares Gold Trust | Others | 858.1K | $64.79M | 28.67% | -1.03M | -54.5% | Reduced | 0.11% |
| 2 | MSFT Microsoft Corp | Technology | 36.4K | $13.57M | 6% | +5,227 | +16.8% | Added | 0% |
| 3 | GOOGL Alphabet Inc. | Technology | 34.1K | $12.19M | 5.39% | +28.0K | +458.3% | Added | 0% |
| 4 | HHH Howard Hughes Holdings Inc. | Real Estate | 169.1K | $12.09M | 5.35% | +169.1K | – | New | 0.28% |
| 5 | MUFG Mitsubishi Ufj Financial Group Inc | Financial Services | 574.2K | $11.50M | 5.09% | -1,408 | -0.2% | Reduced | 0.01% |
| 6 | JPM Jpmorgan Chase & Co | Financial Services | 34.7K | $11.35M | 5.02% | +625 | +1.8% | Added | 0% |
| 7 | IAUM iShares Gold Trust Micro | Others | 265.7K | $10.63M | 4.7% | 0 | 0.0% | Unchanged | 0.17% |
| 8 | WMT Walmart Inc. | Consumer Staples | 91.8K | $10.40M | 4.6% | +5,156 | +5.9% | Added | 0% |
| 9 | NOK Nokia Corp | Others | 753.8K | $10.01M | 4.43% | +753.8K | – | New | 0.01% |
| 10 | ULTA Ulta Beauty, Inc. | Consumer Discretionary | 19.8K | $8.94M | 3.96% | +1,243 | +6.7% | Added | 0.05% |
| 11 | AMZN Amazon Com Inc | Consumer Discretionary | 21.2K | $5.06M | 2.24% | +2,721 | +14.7% | Added | 0% |
| 12 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 9,114 | $4.36M | 1.93% | +3,840 | +72.8% | Added | 0% |
| 13 | AAPL Apple Inc. | Technology | 10.6K | $3.07M | 1.36% | +4,800 | +82.7% | Added | 0% |
| 14 | MA Mastercard Inc | Financial Services | 5,463 | $2.81M | 1.24% | +2,252 | +70.1% | Added | 0% |
| 15 | MELI Mercadolibre Inc | Technology | 1,630 | $2.77M | 1.22% | +673 | +70.3% | Added | 0% |
Tip. Select a row to see that position’s full history at Permanens Capital.
As of its Q2 2026 13F filing, Permanens Capital L.P.’s five largest positions were Ishares Gold Trust (IAU) at 28.7%, Microsoft Corp (MSFT) at 6.0%, Alphabet Inc. (GOOGL) at 5.4%, Howard Hughes Holdings Inc. (HHH) at 5.3%, Mitsubishi Ufj Financial Group Inc (MUFG) at 5.1% of the reported portfolio.
Permanens Capital L.P. reported a 13F portfolio worth $226.03M across 65 positions for Q2 2026. That is down 24.7% from the previous quarter.
Its largest purchases by value were Howard Hughes Holdings Inc. ($12.09M), Nokia Corp ($10.01M), Alphabet Inc. ($10.01M). It opened 26 new positions.
Its largest sales by value were Ishares Gold Trust ($77.58M), Baker Hughes Co ($10.66M), Berkshire Hathaway Inc ($9.30M). It exited 20 positions entirely.
From the Form 13F-HR reports Permanens Capital L.P. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.