AP
Alaska Permanent Capital Management, LLC — 13F Portfolio Changes & Top Buys (Q2 2026)
Alaska Permanent Capital Management, LLCCIK: 0001426771
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$1.5B
Reporting period: 2026-06-30 · Number of holdings: 41
Alaska Permanent Capital Management, LLC disclosed 41 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.5B and a quarterly turnover rate of 11.4%.
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Personality snowflake
- Concentration
- 37.49
- Portfolio Stability
- 11.37
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 82
- Sizing Uniformity
- 82.93
Alaska Permanent Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.094 — mathematically equivalent to about 11 equally-sized positions, well below its 41 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.71), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim BNDX
-33.4% -$24.3M
Add SPY
-0.2% $39.3M
Add IJH
-0.3% $22.1M
Trim BCD
-7.2% -$5.7M
Trim BND
+1.8% $2.4M
Trim NFRA
-3.3% -$1.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 20.18% | +1.30% | -0.24% | |
| 2 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 11.89% | +0.69% | -0.30% | |
| 3 | BND | Vanguard Total Bond Market | ETF-Other | 10.70% | -0.61% | +1.81% | |
| 4 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 7.74% | -0.05% | -0.45% | |
| 5 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 6.83% | +0.18% | -8.39% | |
| 6 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 6.65% | +0.42% | -0.28% | |
| 7 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 5.63% | +0.33% | -4.56% | |
| 8 | NFRA | Flexshares Stoxx Global Broa | ETF-Other | 5.41% | -0.53% | -3.28% | |
| 9 | QAI | Nyli Hdg Multi-str Trk ETF | ETF-Other | 3.91% | +0.03% | +0.54% | |
| 10 | BBRE | JPM Betabldrs Msci US Reit | ETF-Other | 3.43% | +0.03% | -3.41% | |
| 11 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 3.26% | -1.94% | -33.43% | |
| 12 | BCD | Abrdn Bloomberg All Commodit | ETF-Other | 2.88% | -0.61% | -7.23% | |
| 13 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 2.40% | +0.14% | -1.47% | |
| 14 | GVI | Ishares Intermediate Governm | ETF-Other | 1.90% | -0.02% | +6.59% | |
| 15 | VTIP | Vanguard Short-term Tips | ETF-Other | 1.71% | -0.06% | +3.09% | |
| 16 | SPHY | Ss Spdr P High Yield ETF | ETF-High Yield | 1.35% | +0.32% | +39.40% | |
| 17 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 0.98% | -0.01% | +7.01% | |
| 18 | GRID | First Trst Nasd Cl Edg Sgiif | ETF-Other | 0.58% | -0.05% | -15.09% | |
| 19 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.58% | +0.14% | -27.84% | |
| 20 | HELO | Jpmorgan Hedged Equity ETF | ETF-Other | 0.57% | +0.02% | +5.14% | |
| 21 | FTXL | First Trust Nasdaq Semicondu | ETF-Tech | 0.56% | +0.11% | -31.83% | |
| 22 | PAVE | Global X US Infrastructure | ETF-Other | 0.28% | — | -6.27% | |
| 23 | SHM | Ss Spdr N Ice St Muni ETF | ETF-Other | 0.15% | +0.06% | +76.79% | |
| 24 | BBCA | Jpmorgan Betabuilders Canada | ETF-Other | 0.12% | — | -1.47% | |
| 25 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 0.06% | +0.06% | NEW | |
| 26 | SHV | Ishares 0-1 Year Treasury Bo | ETF-Gov Bonds | 0.05% | +0.05% | NEW | |
| 27 | NVDA | Nvidia CORP | Stock-Tech | 0.03% | +0.01% | — | |
| 28 | BSJW | Invesco Bulletshares 2032 Hy | ETF-Other | 0.02% | — | — | |
| 29 | HOLA | JPM Intll Hdg Eq Lddr Ovrly | ETF-Other | 0.02% | — | — | |
| 30 | IBHF | Ishares Ibond 2026 Hy & Inc | ETF-Other | 0.02% | — | +1.48% | |
| 31 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.01% | +0.01% | NEW | |
| 32 | STIP | Ishares 0-5 Year Tips Bond E | ETF-Other | 0.01% | +0.01% | NEW | |
| 33 | BSJU | Invesco Bulletshares 2030 Hy | ETF-Other | 0.01% | — | — | |
| 34 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 0.01% | — | — | |
| 35 | BSJV | Invesco Bulletshares 2031 Hy | ETF-Other | 0.01% | — | — | |
| 36 | IDEC | Inno Int Dev Power Buff Dec | ETF-Other | 0.01% | — | — | |
| 37 | BALT | Inn Defined Wealth Shield | ETF-Other | 0.01% | — | — | |
| 38 | IBHI | Ishares Ibonds 2029 Tm Hy In | ETF-Other | 0.01% | — | +1.64% | |
| 39 | BSJS | Invesco Bulletshares 2028 Hy | ETF-Other | 0.01% | — | +1.51% | |
| 40 | BSJR | Invesco Bulletshares 2027 Hy | ETF-Other | 0.01% | — | +1.33% | |
| 41 | EBUF | Innovator Em 10 B ETF Quart | ETF-Other | 0.01% | +0.01% | NEW |
Portfolio Performance
Performance for Q3 2026
+1.3%
Performance Last 4 Quarters
+17.2%
- Stdev
- +9.7%
- Beta
- +0.69
- Alpha
- +0.4%
- Max Drawdown
- -4.5%
- Annualized Perf
- +14.6%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.83
- Stutzer
- +0.42
- Treynor
- +0.21
- Sterling
- +1.04
- Calmar
- +3.23
- Information Ratio
- -1.06
- Tracking Error
- +5.5%
- Stdev Down
- +5%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +24.5%
- Worst 12 Months
- +4.8%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.46
- Stdev Sectors
- 0%
- Skewness
- -0.15
- Kurtosis
- -0.3
- Upside Potential
- +4.43
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 41 | $1.5B | 11 | ||
| 2026 Q1 | 39 | $1.4B | 13 | ||
| 2025 Q4 | 41 | $1.3B | 4 | ||
| 2025 Q3 | 43 | $1.4B | 26 | ||
| 2025 Q2 | 38 | $1.3B | 0 | ||
| 2025 Q1 | 34 | $1.2B | 100 | ||
| 2024 Q4 | 41 | $1.2B | 0 | ||
| 2024 Q3 | 41 | $1.3B | 0 | ||
| 2024 Q2 | 34 | $1.2B | 0 | ||
| 2024 Q1 | 42 | $1.3B | 0 | ||
| 2023 Q4 | 41 | $1.2B | 0 | ||
| 2023 Q3 | 50 | $1.1B | 0 | ||
| 2023 Q2 | 51 | $1.2B | 0 | ||
| 2023 Q1 | 33 | $1.1B | 0 | ||
| 2022 Q4 | 34 | $972.8M | 0 | ||
| 2022 Q3 | 38 | $954.2M | 0 | ||
| 2022 Q2 | 39 | $994.4M | 0 | ||
| 2022 Q1 | 38 | $1.1B | 0 | ||
| 2021 Q4 | 31 | $1.2B | 0 | ||
| 2021 Q3 | 35 | $1.1B | 0 | ||
| 2021 Q2 | 35 | $1.1B | 0 | ||
| 2021 Q1 | 36 | $1.1B | 25 | ||
| 2020 Q4 | 35 | $1.0B | 10 | ||
| 2020 Q3 | 35 | $914.5M | 10 | ||
| 2020 Q2 | 36 | $851.7M | 18 | ||
| 2020 Q1 | 32 | $928.2M | 72 | ||
| 2019 Q4 | 69 | $626.3M | 65 | ||
| 2019 Q3 | 30 | $829.0M | 38 | ||
| 2019 Q2 | 67 | $759.7M | 33 | ||
| 2019 Q1 | 34 | $616.6M | 21 | ||
| 2018 Q4 | 25 | $515.6M | 26 | ||
| 2018 Q3 | 24 | $596.8M | 41 | ||
| 2018 Q2 | 36 | $667.8M | 24 | ||
| 2018 Q1 | 25 | $559.3M | 13 | ||
| 2017 Q4 | 25 | $551.7M | 7 | ||
| 2017 Q3 | 25 | $528.8M | 9 | ||
| 2017 Q2 | 27 | $490.0M | 7 | ||
| 2017 Q1 | 21 | $471.3M | 15 | ||
| 2016 Q4 | 26 | $418.7M | 9 | ||
| 2016 Q3 | 23 | $394.0M | 7 | ||
| 2016 Q2 | 23 | $386.8M | 4 | ||
| 2016 Q1 | 21 | $380.1M | 23 | ||
| 2015 Q4 | 23 | $372.1M | 100 | ||
| 2015 Q3 | 19 | $276.1M | 100 | ||
| 2015 Q2 | 22 | $353.6M | 7 | ||
| 2015 Q1 | 25 | $360.8M | 10 | ||
| 2014 Q4 | 26 | $340.9M | 25 | ||
| 2014 Q3 | 32 | $423.1M | 7 | ||
| 2014 Q2 | 26 | $432.4M | 11 | ||
| 2014 Q1 | 25 | $412.2M | 4 | ||
| 2013 Q4 | 26 | $399.8M | 9 | ||
| 2013 Q3 | 27 | $380.5M | 33 | ||
| 2013 Q2 | 24 | $381.6M | 0 |
Holding changes this quarter
Alaska Permanent Capital Management, LLC's most significant position changes for 2026-06-30: New buy: Ishares 3-7 Year Treasury Bo (IEI); New buy: Ishares 0-1 Year Treasury Bo (SHV); New buy: Ishares 0-3 Month Treasury B (SGOV); New buy: Ishares 0-5 Year Tips Bond E (STIP); Sold out: Inn US Sml Cap P B ETF - Dec (KDEC).
Filing History
FAQ
What is Alaska Permanent Capital Management, LLC and what type of investor is it?
Alaska Permanent Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.5B, spread across 41 disclosed positions.
What are Alaska Permanent Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Alaska Permanent Capital Management, LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $308.8M (20.2%)
2. Ishares Core S&p Midcap ETF (IJH) — $182.0M (11.9%)
3. Vanguard Total Bond Market (BND) — $163.8M (10.7%)
4. Ishares Core Msci Eafe ETF (IEFA) — $118.5M (7.7%)
5. Ishares Core Msci Emerging (IEMG) — $104.5M (6.8%)
What changes did Alaska Permanent Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Alaska Permanent Capital Management, LLC made 36 notable position adjustments: 5 new positions were initiated, 12 existing holdings were added to, 16 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Ishares 3-7 Year Treasury Bo (IEI); New buy: Ishares 0-1 Year Treasury Bo (SHV); New buy: Ishares 0-3 Month Treasury B (SGOV); New buy: Ishares 0-5 Year Tips Bond E (STIP); Sold out: Inn US Sml Cap P B ETF - Dec (KDEC)
What sectors does Alaska Permanent Capital Management, LLC focus on?
Alaska Permanent Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 100.0%
Investment Profile
Alaska Permanent Capital Management, LLC returned an annualized 14.6% over the trailing 36 months — outperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.69 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 100.0% of the portfolio concentrated in Information Technology.
It has added to its IJH position over the past two quarters (+$35.4M, now $182.0M), while trimming IGSB over the same stretch (-$1.8K, still holding $196.5K).
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