Permanens Capital L.P.
Annual return '25
+15.6%
SPY '25
+17.7%
Alpha
-2.1ptsvs SPY
Invested
$776.3M
Holdings
89
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 97%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$IAU
ISHARES GOLD TR
Q4 2025: Exited (was 890.3k shares)
21.4%
02
$VTV
VANGUARD INDEX FDS
Q4 2025: Exited (was 656.4k shares)
15.1%
03
$BIL
SPDR SERIES TRUST
Q4 2025: Exited (was 441.6k shares)
11.7%
04
$VUG
VANGUARD INDEX FDS
Q4 2025: Exited (was 253.8k shares)
6.5%
05
$SECU
BLACKROCK ETF TRUST II
Held since at least Q1 2024
5.3%
06
$SCHI
SCHWAB STRATEGIC TR
Held since at least Q1 2024
3.9%
07
$IEI
ISHARES TR
Q4 2025: Exited (was 15.6k shares)
3.9%
08
$JPY
LAZARD ACTIVE ETF TR
Q4 2025: Exited (was 555.6k shares)
2.5%
09
$CCJ
CAMECO CORP
Q4 2025: Exited (was 166.6k shares)
2.4%
10
$PREF
PRINCIPAL EXCHANGE TRADED FD
Q4 2025: Exited (was 1.47M shares)
2.1%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 12:33 UTC.