Permanent Capital Management, LP

RIA/Wealth

Permanent Capital Management, LP is a RIA/Wealth based in Chicago, IL led by Meghan Desmond Koeppel, reporting $742.2M in AUM as of Q3 2025 with 71% ETF concentration, 73% concentrated in top 10 holdings, and 28% allocation to VOO.

DirectorMeghan Desmond Koeppel

Portfolio Value: $534.8M
Positions: 150
Top Holding: VOO at 27.94%
Last Reported: Q3 2025

Address333 N Green Street, Suite 818, Chicago, IL, 60607, United States

Top Holdings

Largest long holdings in Permanent Capital Management, LP's portfolio (72.9% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard S&P 500 ETF VOO	ETF ETF	$149.4M	27.94%	+$67.7M Bought	— 243.3K shares	Q3 2025 Held for 2 months
2 Vanguard Intermediate-Term Treasury VGIT	ETF ETF	$42.1M	7.87%	-$18.9M Sold	— 700.8K shares	Q3 2025 Held for 2 months
3 Invesco S&P 500 Equal Weight ETF RSP	ETF ETF	$41.1M	7.69%	+$9.1M Bought	— 216.7K shares	Q3 2025 Held for 2 months
4 Vanguard FTSE Developed Markets VEA	ETF ETF	$39.3M	7.36%	+$3.7M Bought	— 656.7K shares	Q3 2025 Held for 2 months
5 Microsoft MSFT	Software - Infrastructure Technology	$37.5M	7.01%	+$3.2M Bought	0.00% 72.4K shares	Q3 2025 Held for 2 months
6 WisdomTree Floating Rate Treasury Fund USFR	ETF ETF	$21.0M	3.93%	-$3.8M Sold	— 418.5K shares	Q3 2025 Held for 2 months
7 Vanguard Small-Cap ETF VB	ETF ETF	$16.7M	3.11%	+$2.7M Bought	— 65.3K shares	Q3 2025 Held for 2 months
8 Vanguard FTSE Emerging Markets VWO	ETF ETF	$15.5M	2.90%	+$3.7M Bought	— 286.7K shares	Q3 2025 Held for 2 months
9 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$13.7M	2.55%	-$4.8M Sold	— 136.3K shares	Q3 2025 Held for 2 months
10 Aurora Innovation, Inc. AUR	Information Technology Services Technology	$13.4M	2.51%	-$144.5K Sold	0.14% 2.5M shares	Q3 2025 Held for 2 months

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Permanent Capital Management, LP's latest filing

See all changes

GthenC

Market Value

$534.8M

Prior: $348.9M

Q/Q Change

+53.27%

+$185.9M

Net Flows % of MV

+16.94%

Turnover Ratio

15.07%

New Purchases

11 stocks

$12.0M

Added To

50 stocks

+$113.4M

Sold Out Of

0 stocks

Reduced Holdings

36 stocks

-$34.8M

Increased Positions

Position	Shares Δ	Change
1 iShares MSCI ACWI ACWI	New	0 → 54.9K +$7.6M
2 Vail Resorts MTN	New	0 → 7.3K +$1.1M
3 Cigna CI	New	0 → 3.0K +$876.6K
4 Chevron CVX	New	0 → 3.6K +$551.9K
5 Mobileye Global Inc. MBLY	New	0 → 36.0K +$508.3K

Decreased Positions

Position	Shares Δ	Change
1 ISHG iShares International Treasury Bond ISHG	-58.08%	15.1K → 6.4K −$670.2K
2 Take-Two Interactive Software TTWO	-50.24%	2.0K → 1.0K −$265.9K
3 UnitedHealth Group UNH	-49.31%	1.4K → 731.0 −$245.5K
4 Vanguard Short-Term Treasury VGSH	-47.63%	22.0K → 11.5K −$617.7K
5 Howmet Aerospace HWM	-38.37%	2.6K → 1.6K −$198.4K

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for Permanent Capital Management, LP

View analytics

GthenA

Sector Allocation

ETF

71.30%

Technology

11.80%

Financial Services

3.80%

Consumer Cyclical

2.30%

Industrials

2.10%

Communication Services

1.90%

Healthcare

1.20%

Utilities

1.00%

Energy

0.80%

Consumer Defensive

0.60%

Basic Materials

0.40%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

12.65%

Large Cap ($10B - $200B)

7.73%

Mid Cap ($2B - $10B)

4.40%

Small Cap ($300M - $2B)

2.05%

Nano Cap (< $50M)

0.39%

N/A (ETF or Unknown)

72.77%

Portfolio Concentration

Top 10 Holdings %

72.89%

Top 20 Holdings %

81.86%

Top 50 Holdings %

91.66%

Top 100 Holdings %

97.81%