Permanens Capital L.P.

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
80
Total value ($000)
$766,762
Net value change ($000)
+96,251 (14.4%)
New positions
27
Sold out positions
9
Turnover %
12.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BBEU 40,667 10141.4%
IAU 26,327 40.6%
BIL 20,167 49.8%
SLV 18,506 46.9%
IAUM 6,551 NEW
MSFT 5,392 79.2%
AMZN 5,144 486.7%
DXJ 4,853 13.0%
PREF 4,613 16.4%
UBS GROUP AG 3,376 54.2%
Top Reduces (Value $000, Stocks/ETFs)
VUG -43,030 -35.3%
DBEU -37,938 -100.0%
VTV -15,822 -12.9%
IBIT -3,502 -100.0%
UNH -3,480 -50.9%
ETHA -1,204 -100.0%
DELL -577 -100.0%
WULF -514 -100.0%
PROSHARES TR II -261 -100.0%
BRK-B -222 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type