Permit Capital, LLC
Permit Capital, LLC is a hedge fund management firm based in Conshohocken, Pennsylvania, United States. The firm is registered with the SEC and primarily serves institutional clients and high-net-worth individuals. It was incorporated in Delaware, typically operating with a small team, and focuses on long-term capital appreciation through actively managed investment portfolios.
Investment Strategy
Permit Capital, LLC primarily pursues a value-oriented, event-driven investment strategy, focusing on U.S. equities and opportunistic situations across public markets. The firm aims for capital appreciation through deep fundamental research and analysis, often taking concentrated positions in companies it believes are underappreciated, misunderstood, or undergoing significant corporate changes. Its approach blends bottom-up company selection with broader market and sector trends.
Top Holdings
Equity Positions (20)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SBAC | SBA COMMUNICATIONS CORP NEW | 43.96% | $135.7M | 577,922 | $188.81 | $234.84 | +$8.6M |
P PBI | PITNEY BOWES INC | 10.07% | $31.1M | 2,850,000 | $5.48 | $10.91 | +$9.4M |
E EXPE | EXPEDIA GROUP INC | 4.53% | $14.0M | 83,000 | $116.07 | $168.68 | +$1.7M |
I IDCC | INTERDIGITAL INC | 3.67% | $11.3M | 50,589 | $52.01 | $224.23 | -$3.3M |
M META | META PLATFORMS INC | 3.59% | $11.1M | 15,000 | $196.14 | $738.09 | +$1.3M |