PI
Permian Investment Partners, LP 13F Portfolio & Top Holdings (Q2 2026)
Permian Investment Partners, LPCIK: 0001472850
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$911.5M
Reporting period: 2026-06-30 · Number of holdings: 13
Permian Investment Partners, LP disclosed 13 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $911.5M and a quarterly turnover rate of 35.5%.
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Personality snowflake
- Concentration
- 49.16
- Portfolio Stability
- 35.49
- Momentum
- 100
- Sector conviction
- 94.75
- Diversification
- 26
- Sizing Uniformity
- 91.95
Permian Investment Partners, LP's disclosed holdings carry a Herfindahl concentration index of 0.123 — mathematically equivalent to about 8 equally-sized positions, close to its 13 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.80), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 8.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 56% 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.govAdd CNH
+163.2% $67.1M
Sold out REZI
Trim NRG
-35.8% -$48.2M
Add TIC
-2.9% $28.0M
New buy 78454L900
Sold out VGK
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 | TIC | Tic Solutions Inc | Stock-Other | 18.91% | +2.95% | -2.89% | |
| 2 | GRFS | Grifols Sa-adr | Stock-Other | 15.33% | -1.82% | +1.99% | |
| 3 | MRP | Millrose Properties | Stock-Real Estate | 13.11% | +1.11% | +2.53% | |
| 4 | CNH | CNH Industrial N.V. | Stock-Industrials | 11.73% | +7.33% | +163.20% | |
| 5 | ARMK | Aramark | Stock-Industrials | 11.20% | +0.17% | -27.12% | |
| 6 | NRG | Nrg Energy Inc | Stock-Utilities | 9.46% | -5.40% | -35.82% | |
| 7 | AMRZ | Amrize Ltd | Stock-Materials | 7.68% | +1.80% | +38.28% | |
| 8 | TRS | Trimas CORP | Stock-Other | 5.76% | +0.98% | -3.08% | |
| 9 | AMTM | Amentum Holdings Inc | Stock-Industrials | 3.25% | -1.27% | -8.55% | |
| 10 | ✓ | Sm Energy Co | Stock-Other | 2.93% | +2.93% | NEW | |
| 11 | ✓ | Cnh Indl N V | Stock-Other | 0.38% | +0.38% | NEW | |
| 12 | FBTC | Fidelity Wise Origin Bitcoin | ETF-Crypto | 0.15% | -0.03% | — | |
| 13 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.10% | -0.02% | — |
Portfolio Performance
Performance for Q3 2026
+2.7%
Performance Last 4 Quarters
-7.1%
- Stdev
- +24.1%
- Beta
- +1.27
- Alpha
- -1.9%
- Max Drawdown
- -17.4%
- Annualized Perf
- +22.8%
- Batting Avg vs S&P
- +50%
- Sortino
- +1.9
- Stutzer
- +0.29
- Treynor
- +0.19
- Sterling
- +1.13
- Calmar
- +1.31
- Information Ratio
- +0.19
- Tracking Error
- +18.1%
- Stdev Down
- +12.4%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +75.4%
- Worst 12 Months
- -12.9%
- Efficiency Ratio
- +0.45
- Sharpe
- +0.97
- Stdev Sectors
- +12.8%
- Skewness
- +0.44
- Kurtosis
- +1.22
- Upside Potential
- +3.5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 13 | $911.5M | 35 | ||
| 2026 Q1 | 13 | $904.9M | 37 | ||
| 2025 Q4 | 11 | $882.7M | 44 | ||
| 2025 Q3 | 9 | $885.7M | 43 | ||
| 2025 Q2 | 12 | $913.0M | 0 | ||
| 2025 Q1 | 11 | $702.9M | 100 | ||
| 2024 Q4 | 12 | $642.7M | 0 | ||
| 2024 Q3 | 12 | $723.6M | 0 | ||
| 2024 Q2 | 15 | $953.9M | 0 | ||
| 2024 Q1 | 20 | $1.0B | 0 | ||
| 2023 Q4 | 18 | $887.0M | 0 | ||
| 2023 Q3 | 18 | $859.6M | 0 | ||
| 2023 Q2 | 17 | $891.8M | 0 | ||
| 2023 Q1 | 15 | $759.5M | 0 | ||
| 2022 Q4 | 14 | $572.1M | 0 | ||
| 2022 Q3 | 18 | $553.8M | 0 | ||
| 2022 Q2 | 14 | $612.9M | 0 | ||
| 2022 Q1 | 18 | $834.5M | 0 | ||
| 2021 Q4 | 55 | $961.8M | 0 | ||
| 2021 Q3 | 13 | $1.0B | 0 | ||
| 2021 Q2 | 13 | $966.3M | 33 | ||
| 2021 Q1 | 11 | $803.1M | 61 | ||
| 2020 Q4 | 7 | $668.5M | 42 | ||
| 2020 Q3 | 9 | $508.4M | 52 | ||
| 2020 Q2 | 12 | $556.8M | 72 | ||
| 2020 Q1 | 12 | $419.4M | 100 | ||
| 2019 Q4 | 7 | $402.3M | 22 | ||
| 2019 Q3 | 8 | $460.8M | 19 | ||
| 2019 Q2 | 9 | $455.9M | 67 | ||
| 2019 Q1 | 8 | $549.7M | 90 | ||
| 2018 Q4 | 10 | $600.1M | 73 | ||
| 2018 Q3 | 11 | $604.6M | 67 | ||
| 2018 Q2 | 13 | $752.9M | 64 | ||
| 2018 Q1 | 12 | $733.7M | 29 | ||
| 2017 Q4 | 14 | $811.3M | 65 | ||
| 2017 Q3 | 15 | $628.1M | 82 | ||
| 2017 Q2 | 13 | $753.6M | 38 | ||
| 2017 Q1 | 12 | $647.1M | 75 | ||
| 2016 Q4 | 14 | $661.8M | 55 | ||
| 2016 Q3 | 15 | $521.9M | 56 | ||
| 2016 Q2 | 14 | $549.0M | 85 | ||
| 2016 Q1 | 22 | $667.9M | 81 | ||
| 2015 Q4 | 22 | $631.4M | 73 | ||
| 2015 Q3 | 16 | $421.1M | 82 | ||
| 2015 Q2 | 15 | $494.5M | 80 | ||
| 2015 Q1 | 15 | $256.8M | 60 | ||
| 2014 Q4 | 13 | $234.3M | 62 | ||
| 2014 Q3 | 9 | $162.7M | 57 | ||
| 2014 Q1 | 9 | $146.2M | 100 | ||
| 2013 Q4 | 7 | $113.1M | 0 |
Holding changes this quarter
Permian Investment Partners, LP's most significant position changes for 2026-06-30: Sold out: Resideo Technologies Inc (REZI); New buy: Sm Energy Co; Sold out: Vanguard Ftse Europe ETF (VGK); New buy: Cnh Indl N V; Add: CNH Industrial N.V. (CNH) — shares +163.20%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CNH | CNH Industrial N.V. | +7.3% | +163.20% | Add |
| 2 | TIC | Tic Solutions Inc | +3% | -2.89% | Trim |
| 3 | ✓ | Sm Energy Co | +2.9% | NEW | New buy |
| 4 | AMRZ | Amrize Ltd | +1.8% | +38.28% | Add |
| 5 | MRP | Millrose Properties | +1.1% | +2.53% | Add |
| 6 | TRS | Trimas CORP | +1% | -3.08% | Trim |
| 7 | ✓ | Cnh Indl N V | +0.4% | NEW | New buy |
| 8 | ARMK | Aramark | +0.2% | -27.12% | Trim |
| 9 | IBIT | Ishares Bitcoin Trust ETF | 0% | — | Unchanged |
| 10 | FBTC | Fidelity Wise Origin Bitcoin | 0% | — | Unchanged |
| 11 | AMTM | Amentum Holdings Inc | -1.3% | -8.55% | Trim |
| 12 | GRFS | Grifols Sa-adr | -1.8% | +1.99% | Add |
| 13 | VGK | Vanguard Ftse Europe ETF | -1.9% | EXIT | Sold out |
| 14 | NRG | Nrg Energy Inc | -5.4% | -35.82% | Trim |
| 15 | REZI | Resideo Technologies Inc | -7.2% | EXIT | Sold out |
Filing History
FAQ
What is Permian Investment Partners, LP and what type of investor is it?
Permian Investment Partners, LP 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 $911.5M, spread across 13 disclosed positions.
What are Permian Investment Partners, LP's largest equity positions?
Based on the latest 13F filing, Permian Investment Partners, LP's top holdings by market value are:
1. Tic Solutions Inc (TIC) — $172.4M (18.9%)
2. Grifols Sa-adr (GRFS) — $139.8M (15.3%)
3. Millrose Properties (MRP) — $119.5M (13.1%)
4. CNH Industrial N.V. (CNH) — $106.9M (11.7%)
5. Aramark (ARMK) — $102.1M (11.2%)
What changes did Permian Investment Partners, LP make in its most recent portfolio filing?
In the latest reported quarter, Permian Investment Partners, LP made 13 notable position adjustments: 2 new positions were initiated, 4 existing holdings were added to, 5 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Resideo Technologies Inc (REZI); New buy: Sm Energy Co; Sold out: Vanguard Ftse Europe ETF (VGK); New buy: Cnh Indl N V; Add: CNH Industrial N.V. (CNH) — shares +163.20%
What sectors does Permian Investment Partners, LP focus on?
Permian Investment Partners, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 46.4%
• Real Estate: 23.2%
• Utilities: 16.8%
• Materials: 13.6%
Investment Profile
Permian Investment Partners, LP returned an annualized 22.8% over the trailing 36 months — underperforming the S&P 500 by 1.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.27 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 46.4% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 35 over the past 4 quarters — a shift toward more active trading.
It has added to its ARMK position over the past two quarters (+$30.3M, now $102.1M), while trimming GRFS over the same stretch (-$30.3M, still holding $139.8M).
Peer Institutions
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BF
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DL
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Developer Access
Access Permian Investment Partners, LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/permian-investment-partners-lpCLI
npx alphasmo institutions get permian-investment-partners-lp