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Permanens Capital L.P.

CIK:0001599637
Family Office
$2B AUM
68 holdings
New York, NY, United States
Founded:2011
24 employees
Latest filing:Jun 30, 2025

Permanens Capital L.P. (also known as PermCap Investment Office) is a multi-family office and SEC-registered investment adviser headquartered in New York City, NY. Founded in 2011, the firm serves a range of institutional and individual clients including multi-generational families, endowments, foundations, private trusts, sovereign tribal nations, and high-net-worth individuals. Permanens Capital operates as an Outsourced Chief Investment Officer, providing comprehensive investment management, financial, and accounting services. Led by principals John J. Regan and Joseph S. Steinberg, the firm has under 25 employees and also maintains an office in Charleston, SC.

Investment Strategy

Permanens Capital offers long-only and multi-asset strategies tailored to the needs of sophisticated clients. Strategies include dedicated funds investing in physical precious metals, short duration high yield debt, non-agency residential mortgage-backed securities, and a diversified multi-asset fund that targets capital appreciation across asset classes and geographies. The firm utilizes both direct and indirect investments in equities, debt, private alternatives, and external funds, with an emphasis on capital preservation and tailored client solutions. The investment philosophy favors transparency, direct access, and a blend of traditional and alternative asset classes to meet each client’s objectives.

Latest 13F Filing Activity

Permanens Capital L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 67 equity positions with a total 13F market value of $733M. The fund increased holdings in Ishares TR, Ishares Silver TR, DBX Etf TR among other positions. Permanens Capital L.P. reduced exposure to Apple Inc., Disney Walt Co., Ishares TR among others.

Top Buys
S
SHYGISHARES TR
+$38.0M
S
SLVISHARES SILVER TR
+$20.3M
D
DBEUDBX ETF TR
+$19.6M
D
DXJWISDOMTREE TR
+$18.8M
B
BBJPJ P MORGAN EXCHANGE TRADED F
+$14.8M
Top Sells
A
AAPLAPPLE INC
-$4.5M
D
DISDISNEY WALT CO
-$4.5M
S
SUSAISHARES TR
-$2.5M
P
PHYSSPROTT PHYSICAL GOLD TR
-$1.7M
S
SPY78462F103
-$718.9K

Top Holdings

V
VTVVANGUARD INDEX FDS
+19.3%$141.6M
V
VUGVANGUARD INDEX FDS
+18.1%$132.5M
D
DBEUDBX ETF TR
+8.5%$62.4M
I
IAUISHARES GOLD TR
+7.7%$56.7M
D
DXJWISDOMTREE TR
+7.3%$53.7M

Equity Positions (67)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VANGUARD INDEX FDS19.31%$141.6M797,030$143.37$176.74+$5.5M
VANGUARD INDEX FDS18.07%$132.5M301,987$340.01$438.40+$1.0M
DBX ETF TR8.51%$62.4M1,414,972$43.17$44.08+$19.6M
ISHARES GOLD TR7.73%$56.7M909,546$44.90$62.36+$5.2M
WISDOMTREE TR7.32%$53.7M469,995$106.03$114.27+$18.8M

Industry Allocation

COMMODITY CONTRACTS BROKERS & DEALERS
+16.3%
MISCELLANEOUS METAL ORES
+2.1%
NATIONAL COMMERCIAL BANKS
+2.0%
SERVICES-PREPACKAGED SOFTWARE
+1.2%
RETAIL-VARIETY STORES
+1.0%