Permian Investment Partners, LP

Hedge Fund • Long/Short

Permian Investment Partners, LP is a Long/Short Hedge Fund based in Dallas, TX led by Britton Len Brown, reporting $2.1B in AUM as of Q3 2025 with 51% Unknown concentration, with only 10 positions, and 21% allocation to TIC.

CFOBritton Len Brown

Portfolio Value: $944.6M
Positions: 10
Top Holding: TIC at 20.53%
Last Reported: Q3 2025

Address3401 Armstrong Ave, Dallas, TX, 75205, United States

Top Holdings

Largest long holdings in Permian Investment Partners, LP's portfolio (100% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 TIC Solutions TIC	Unknown Unknown	$193.9M	20.53%	+$64.9M Bought	7.26% 14.6M shares	Q1 2025 Held for 8 months
2 GRFS Grifois GRFS	Unknown Unknown	$173.8M	18.40%	-$11.7M Sold	— 17.5M shares	Q1 2024 Held for 1y 8m
3 KBR KBR	Engineering & Construction Industrials	$150.5M	15.93%	+$60.1M Bought	2.47% 3.2M shares	Q3 2020 Held for 5y 2m
4 NRG Energy NRG	Independent Power Producers Utilities	$125.0M	13.23%	+$25.7M Bought	0.40% 771.6K shares	Q1 2017 Held for 8y 8m
5 Aramark ARMK	Specialty Business Services Industrials	$81.7M	8.65%	-$3.8M Sold	0.81% 2.1M shares	Q4 2023 Held for 1y 11m
6 MRP Morgan Stanley MRP	Unknown Unknown	$58.9M	6.24%	-$34.0M Sold	— 1.8M shares	Q1 2025 Held for 8 months
7 MRP Millrose Properties, Inc. MRP	Unknown Unknown	$58.9M	6.24%	-$34.0M Sold	1.06% 1.8M shares	Q1 2025 Held for 8 months
8 APi Group APG	Engineering & Construction Industrials	$51.2M	5.42%	-$7.2M Sold	0.36% 1.5M shares	Q2 2020 Held for 5y 5m
9 Resideo Technologies, Inc. REZI	Security & Protection Services Industrials	$41.7M	4.42%	+$41.7M New	0.65% 965.9K shares	Q3 2025 Held for 2 months
10 iShares Bitcoin Trust IBIT	ETF ETF	$8.9M	0.94%	+$8.9M New	— 137.0K shares	Q3 2025 Held for 2 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Permian Investment Partners, LP's latest filing

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GthenC

Market Value

$944.6M

Prior: $782.1M

Q/Q Change

+20.78%

+$162.5M

Net Flows % of MV

+10.88%

Turnover Ratio

15.87%

New Purchases

2 stocks

$50.6M

Added To

3 stocks

+$150.7M

Sold Out Of

1 stocks

$7.8M

Reduced Holdings

5 stocks

-$90.8M

Increased Positions

Position	Shares Δ	Change
1 Resideo Technologies, Inc. REZI	New	0 → 965.9K +$41.7M
2 iShares Bitcoin Trust IBIT	New	0 → 137.0K +$8.9M
3 KBR KBR	+66.4%	1.9M → 3.2M +$60.1M
4 TIC Solutions TIC	+50.35%	9.7M → 14.6M +$64.9M
5 NRG Energy NRG	+25.85%	613.1K → 771.6K +$25.7M

Decreased Positions

Position	Shares Δ	Change
1 Vanguard FTSE Europe VGK	Sold	100.0K → 0 −$7.8M
2 MRP Millrose Properties, Inc. MRP	-36.59%	2.8M → 1.8M −$34.0M
3 MRP Morgan Stanley MRP	-36.59%	2.8M → 1.8M −$34.0M
4 APi Group APG	-12.36%	1.7M → 1.5M −$7.2M
5 GRFS Grifois GRFS	-6.31%	18.6M → 17.5M −$11.7M