Permanent Capital Management, Lp
- Regulatory AUM
- $769M
- Discretionary
- $601M
- Clients
- 3
- Avg AUM / client
- $256M
- Accounts
- 91
- Employees
- 10
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 30, 2026
Investments (13F portfolio — 155 positions, $643,012,543)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Vanguard Index Fds | S&P 500 ETF SHS | $162,909,846 | 246,616 | 25.3% | 21.2% |
| 2 | Vanguard Intl Equity Index F | TT WRLD ST ETF | $97,281,065 | 643,393 | 15.1% | 12.7% |
| 3 | Ishares Tr | CORE US AGGBD ET | $64,159,794 | 647,425 | 9.98% | 8.34% |
| 4 | Vanguard Tax Managed Fds | VAN FTSE DEV MKT | $46,003,369 | 668,654 | 7.15% | 5.98% |
| 5 | Vanguard Scottsdale Fds | INTER TERM TREAS | $35,327,234 | 595,838 | 5.49% | 4.59% |
| 6 | Microsoft Corp | COM | $29,632,046 | 72,667 | 4.61% | 3.85% |
| 7 | Invesco Exchange Traded Fd T | S&P500 EQL WGT | $22,882,494 | 112,478 | 3.56% | 2.98% |
| 8 | Vanguard Intl Equity Index F | FTSE EMR MKT ETF | $17,226,433 | 292,320 | 2.68% | 2.24% |
| 9 | Wisdomtree Tr | FLOATNG RAT TREA | $13,839,001 | 274,856 | 2.15% | 1.8% |
| 10 | Ishares Tr | MSCI ACWI ETF | $8,313,787 | 54,862 | 1.29% | 1.08% |
| 11 | Aurora Innovation Inc | CLASS A COM | $7,880,511 | 1,340,223 | 1.23% | 1.02% |
| 12 | Vanguard Index Fds | TOTAL STK MKT | $7,666,226 | 21,645 | 1.19% | 1.0% |
| 13 | Spdr Series Trust | STATE STREET SPD | $7,334,664 | 281,994 | 1.14% | 0.95% |
| 14 | Caterpillar Inc | COM | $5,008,273 | 5,617 | 0.78% | 0.65% |
| 15 | Nvidia Corporation | COM | $4,596,895 | 23,034 | 0.71% | 0.6% |
| 16 | Amazon Com Inc | COM | $4,419,080 | 16,672 | 0.69% | 0.57% |
| 17 | Ishares Tr | RUS 1000 GRW ETF | $4,183,868 | 35,079 | 0.65% | 0.54% |
| 18 | Vanguard Index Fds | SMALL CP ETF | $3,950,846 | 13,892 | 0.61% | 0.51% |
| 19 | Apple Inc | COM | $3,926,706 | 14,471 | 0.61% | 0.51% |
| 20 | Alphabet Inc | CAP STK CL A | $3,904,950 | 10,148 | 0.61% | 0.51% |
| 21 | Spdr Gold Tr | GOLD SHS | $3,455,795 | 8,157 | 0.54% | 0.45% |
| 22 | State Str Spdr S&P 500 Etf T | TR UNIT | $3,007,592 | 4,185 | 0.47% | 0.39% |
| 23 | Ubs Group Ag | SHS | $2,832,854 | 64,477 | 0.44% | 0.37% |
| 24 | Bank New York Mellon Corp | COM | $2,805,111 | 20,794 | 0.44% | 0.36% |
| 25 | Kimberly Clark Corp | COM | $2,389,880 | 24,280 | 0.37% | 0.31% |
Top 25 of 155 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | Fewer than 5 clients | $134M | 17.4% |
| Pooled investment vehicles (non-investment companies) | 3 | $48.3M | 6.28% |
| Charitable organizations | Fewer than 5 clients | $5.4M | 0.7% |
| Insurance companies | Fewer than 5 clients | $56.0M | 7.29% |
| Corporations and other businesses | Fewer than 5 clients | $525M | 68.3% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Joseph W. Shenton | Principal And Chief Compliance Officer | Jun 2023 (3y) | ≈ 0% – 3.75% via Permanent Capital Partners Gp, Llc | |
| Gamson, Michael, Merrick | Limited Partner | Aug 2023 (3y) | ≈ 0% – 3.75% via Permanent Capital Partners Gp, Llc | |
| Koeppel, Meghan, Desmond | Director Of Client Services | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Permanent Capital Partners, Lp | Limited Partner | Aug 2023 | A | 75% or more |
| Permanent Capital Partners Gp, Llc | General Partner | Aug 2023 | A | Less than 5% |
| Permanent Capital Partners Gp, Llc | General Partner | Aug 2023 | B | GP / trustee / elected manager of Permanent Capital Partners, Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Joseph W. Shenton: 50% – 75% of Permanent Capital Partners Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Gamson, Michael, Merrick: 50% – 75% of Permanent Capital Partners Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/30/2026 | 1.57 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
Custody
Reported custodians
- Fidelity Brokerage Services $476M (62% of AUM) Apr 2026
- Pershing $123M (17% of AUM) Nov 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 30, 2026.
View current Form ADV (SEC/IAPD) ↗