Latest Permanens Capital L.P. Stock Portfolio

$776Million– No. of Holdings #87

Permanens Capital L.P. Performance:

2026 Q1: 0.29%YTD: 0.29%2025: 20.03%

Performance for 2026 Q1 is 0.29%, and YTD is 0.29%, and 2025 is 20.03%.

About Permanens Capital L.P. and 13F Hedge Fund Stock Holdings

On 2026-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, Permanens Capital L.P. reported an equity portfolio of $776.3 Millions as of 31 Mar, 2026.

The top stock holdings of Permanens Capital L.P. are IAU, VB, BIL. The fund has invested 21.4% of it's portfolio in ISHARES GOLD TR and 15.2% of portfolio in VANGUARD INDEX FDS.

The fund managers got completely rid off ISHARES SILVER TR (SLV), ISHARES TR (ACWF) and UBS GROUP AG (UBS) stocks. They significantly reduced their stock positions in WISDOMTREE TR (AGZD), ASML HLDG NV (ASML) and WOODWARD INC (WWD). Permanens Capital L.P. opened new stock positions in BLACKROCK ETF TRUST II (HYMU), SCHWAB STRATEGIC TR (FNDA) and BAKER HUGHES COMPANY (BKR). The fund showed a lot of confidence in some stocks as they added substantially to ISHARES TR (AAXJ), INTUIT (INTU) and ABRDN INCOME CREDIT STRATEGI.

Permanens Capital L.P. Equity Portfolio Value

Last Reported on: 15 May, 2026

Permanens Capital L.P. Annual Return Estimates Vs S&P 500

Our best estimate is that Permanens Capital L.P. made a return of 0.29% in the last quarter. In trailing 12 months, it's portfolio return was 21.08%.

Performance
S&P 500

New Buys

Ticker	$ Bought
blackrock etf trust ii	40,964,800
schwab strategic tr	30,616,700
baker hughes company	10,656,500
berkshire hathaway inc del	9,497,740
invesco exch traded fd tr ii	7,824,560
blackrock etf trust ii	7,810,400
invesco exchange traded fd t	6,525,280
ishares tr	959,075

New stocks bought by Permanens Capital L.P.

Additions

Ticker	% Inc.
ishares tr	1,462
intuit	146
abrdn income credit strategi	120
invesco qqq tr	99.46
ishares gold tr	74.33
ishares gold tr	67.98
spdr series trust	48.74
podcastone inc	34.92

Additions to existing portfolio by Permanens Capital L.P.

Reductions

Ticker	% Reduced
wisdomtree tr	-91.83
asml hldg nv	-67.8
woodward inc	-66.96
j p morgan exchange traded f	-63.13
2023 etf series trust	-62.64
shell plc	-60.47
aercap holdings nv	-60.03
principal exchange traded fd	-50.63

Permanens Capital L.P. reduced stake in above stock

Sold off

Ticker	$ Sold
ishares silver tr	-57,993,600
ishares tr	-36,311,300
ubs group ag	-9,605,250
schwab charles corp	-8,538,410
ishares tr	-1,967,300
proshares tr ii	-323,370
ptc inc	-726,978
aon plc	-1,368,120

Permanens Capital L.P. got rid off the above stocks

Sector Distribution

Permanens Capital L.P. has about 88.2% of it's holdings in Others sector.

Others
Technology
Consumer Cyclical
Financial Services
Energy
Consumer Defensive
Communication Services

Sector	%
Others	88.2
Technology	2.2
Consumer Cyclical	2.1
Financial Services	1.9
Energy	1.8
Consumer Defensive	1.5
Communication Services	1.2

Market Cap. Distribution

Permanens Capital L.P. has about 11.1% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
MEGA-CAP
LARGE-CAP

Category	%
UNALLOCATED	88.2
MEGA-CAP	6.6
LARGE-CAP	4.5

Stocks belong to which Index?

About 10.7% of the stocks held by Permanens Capital L.P. either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500

Index	%
Others	88.9
S&P 500	10.7

Top 5 Winners (%)		%
BP	bp plc	35.3 %
COP	conocophillips	31.8 %
AA	alcoa corp	18.8 %
SHEL	shell plc	18.5 %
CCJ	cameco corp	18.4 %

Top 5 Winners ($)		$
IAU	ishares gold tr	10.5 M
VB	vanguard index fds	3.0 M
CCJ	cameco corp	2.9 M
AGZD	wisdomtree tr	2.3 M
WMT	walmart inc	1.1 M

Top 5 Losers (%)		%
TCPC	blackrock tcp capital corp	-34.0 %
WDAY	workday inc	-32.7 %
SAP	sap se	-28.3 %
FSK	fs kkr cap corp	-28.0 %
INTU	intuit	-27.2 %

Top 5 Losers ($)		$
VB	vanguard index fds	-7.1 M
MSFT	microsoft corp	-3.2 M
ULTA	ulta beauty inc	-1.4 M
	2023 etf series trust	-1.1 M
WDAY	workday inc	-0.9 M

Permanens Capital L.P. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Permanens Capital L.P.

Permanens Capital L.P. has 87 stocks in it's portfolio. About 74.7% of the portfolio is in top 10 stocks. VB proved to be the most loss making stock for the portfolio. IAU was the most profitable stock for Permanens Capital L.P. last quarter.

Last Reported on: 15 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa corp	0.12	14,169	939,830	reduced	-48.5

AAPL	apple inc	0.19	5,803	1,472,750	unchanged	0.00

AAXJ	ishares tr	3.94	257,944	30,592,200	added	1,462

AAXJ	ishares tr	0.00	0.00	0.00	sold off	-100

ACWF	ishares tr	0.00	0.00	0.00	sold off	-100

AER	aercap holdings nv	0.12	7,002	960,534	reduced	-60.03

AGZD	wisdomtree tr	0.49	23,914	3,792,280	reduced	-91.83

AIB	midcap financial invstmnt co	0.02	11,029	123,963	unchanged	0.00

AJG	gallagher arthur j & co	0.08	2,905	629,165	new

AMZN	amazon com inc	0.50	18,494	3,851,740	reduced	-31.16

ANTX	elevance health inc formerly	0.06	1,479	432,977	reduced	-41.91

AON	aon plc	0.00	0.00	0.00	sold off	-100

ASML	asml hldg nv	0.08	493	651,169	reduced	-67.8

BAB	invesco exch traded fd tr ii	1.01	383,369	7,824,560	new

BAC	bank america corp	0.03	4,149	202,264	unchanged	0.00

BBAX	j p morgan exchange traded f	1.93	206,582	14,958,600	reduced	-63.13

BIB	proshares tr	0.16	20,750	1,265,750	unchanged	0.00

BIL	spdr series trust	11.66	987,782	90,520,300	added	48.74

BKR	baker hughes company	1.37	174,553	10,656,500	new

BNDD	kraneshares trust	0.10	27,792	790,127	unchanged	0.00