1y return−12.5%S&P 500 +20.9%
3y return+45.8%S&P 500 +68.5%
5y return+86.7%S&P 500 +74.5%
10y return+340.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $440 against $357 in the S&P 500.2
Permian Investment Partners, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TICTic Solutions Inc | $172.4M | 19.6% | −2.9% |
| GRFSGrifols S A | $139.8M | 15.9% | +2.0% |
| MRPMillrose Pptys Inc | $119.5M | 13.6% | +2.5% |
| Cnh Indl N VCUSIP N20944109 | $106.9M | 12.1% | +163.2% |
| ARMKAramark | $102.1M | 11.6% | −27.1% |
| NRGNrg Energy Inc | $86.2M | 9.8% | −35.8% |
| Amrize LtdCUSIP H2927K103 | $70.0M | 7.9% | +38.3% |
| TRSTrimas Corp | $52.5M | 6.0% | −3.1% |
| AMTMAmentum Holdings Inc | $29.6M | 3.4% | −8.5% |
| FBTCFidelity Wise Origin Bitcoin | $1.4M | 0.2% | |
| IBITIshares Bitcoin Trust Etf | $912K | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NRGNrg Energy Inc | June 30, 2020 | +348.6% | $86.2M |
| ARMKAramark | December 31, 2023 | +102.5% | $102.1M |
| TRSTrimas Corp | December 31, 2025 | +27.0% | $52.5M |
| MRPMillrose Pptys Inc | March 31, 2025 | +13.4% | $119.5M |
| GRFSGrifols S A | March 31, 2024 | +6.0% | $139.8M |
| Cnh Indl N VCUSIP N20944109 | March 31, 2026 | +2.1% | $106.9M |
| Amrize LtdCUSIP H2927K103 | December 31, 2025 | −1.4% | $70.0M |
| AMTMAmentum Holdings Inc | March 31, 2026 | −20.7% | $29.6M |
| TICTic Solutions Inc | March 31, 2025 | −27.2% | $172.4M |
| FBTCFidelity Wise Origin Bitcoin | December 31, 2025 | −33.0% | $1.4M |
Sold off last quarter
- REZIResideo Technologies Inc was $65.0M
- VGKVanguard Intl Equity Index F was $17.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.6% | +14.8% |
| March 31, 2026 | −11.3% | −4.6% |
| December 31, 2025 | −10.8% | +2.4% |
| September 30, 2025 | +3.8% | +7.8% |
| June 30, 2025 | +23.9% | +10.5% |
| March 31, 2025 | −3.7% | −4.6% |
| December 31, 2024 | −6.2% | +2.1% |
| September 30, 2024 | +12.8% | +5.4% |
| June 30, 2024 | +1.5% | +4.0% |
| March 31, 2024 | +18.0% | +10.0% |
| December 31, 2023 | +15.0% | +11.2% |
| September 30, 2023 | −4.3% | −3.6% |
| June 30, 2023 | +10.7% | +8.3% |
| March 31, 2023 | +10.9% | +7.0% |
| December 31, 2022 | +10.2% | +7.1% |
| September 30, 2022 | +1.6% | −5.3% |
| June 30, 2022 | −20.5% | −16.5% |
| March 31, 2022 | −1.9% | −4.9% |
| December 31, 2021 | +12.6% | +10.7% |
| September 30, 2021 | +6.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Permian Investment Partners, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1472850&type=13F-HR&dateb=&owner=include&count=40CIK 1472850
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1472850/000147285026000007/Filed August 14, 2026 · accession 0001472850-26-000007