Permian Investment Partners, LP
Long book
$904.9M
Q1 2026
Positions
13
Top-10 weight
98%
concentration
Last quarter
+5.8%
SPY +14.8%
Turnover
29%
of book per quarter
Strategy in plain words
auto-generated from filingsPermian Investment Partners, LP is a concentrated fundamental stock-picker, running a $904.9M US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GRIFOLS SA-ADR, TIC SOLUTIONS INC, NRG ENERGY INC, MILLROSE PROPERTIES, ARAMARK.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.1%
Q2 2024
+13.1%
Q3 2024
-6.0%
Q4 2024
-3.5%
Q1 2025
+24.2%
Q2 2025
+7.4%
Q3 2025
-10.6%
Q4 2025
-10.9%
Q1 2026
+5.8%
Sector allocation
Services media 30%
Consumer discretionary 27%
Industrials 22%
Utilities 22%
Long book by quarter
What does Permian Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TIC TIC SOLUTIONS INC | Services media | 21.9M | $144.4M | 16.0% | +14.5% |
| NRG NRG ENERGY INC | Utilities | 920.0K | $134.4M | 14.9% | +47.2% |
| ARMK ARAMARK | Consumer discretionary | 2.5M | $99.8M | 11.0% | +26.3% |
| REZI RESIDEO TECHNOLOGIES INC | Consumer discretionary | 1.9M | $65.0M | 7.2% | -22.0% |
| AMRZ AMRIZE LTD | Industrials | 950.0K | $53.2M | 5.9% | -3.4% |
| TRS TRIMAS CORP | Industrials | 1.2M | $43.2M | 4.8% | +46.0% |
| AMTM AMENTUM HOLDINGS INC | Services media | 1.6M | $40.9M | 4.5% | New |
| CNH CNH INDUSTRIAL NV | Industrials | 3.6M | $39.8M | 4.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 13 | $904.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 11 | $882.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 9 | $885.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 12 | $913.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 11 | $702.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 12 | $642.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 12 | $723.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 15 | $953.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 20 | $1.04B | canonical | SEC ↗ |
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