Permian Investment Partners, LP

CIK 1472850 · View on SEC EDGAR ↗

Portfolio value
$911.5M
#2,606 of 9,443 by 13F value · top 27.6%
Positions
13
As of
June 30, 2026

Portfolio value QoQ: +0.7% 13F does not disclose cash

Top 10 holdings weight
99.37%
Top 25 holdings weight
100.00%
Positions above 1%
10
Effective number of positions
8.1

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 13.37% Est. buys $121,462,140 · sells $178,300,251

Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 48.1% still held

New positions
2
Increased
4
Decreased
5
Closed
2
On this page

Performance vs S&P 500

Tracked Q2 2025–Q2 2026
-7.6%
S&P 500 total return (same window)
+21.7%
Excess return
-29.3%

Annualized: -7.6% · S&P 500: +21.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 98.9% · Options excluded: 5.8%

Sector breakdown

Industrials
41.6%
Healthcare
15.3%
Real Estate
13.1%
Consumer Discretionary
11.2%
Utilities
9.5%
Packaging
5.8%
Other/Unmapped
3.6%

Full portfolio 13 positions

Type Streak 8Q trend
TIC TIC Solutions, Inc. Common Stock $172,398,660 18.91% 21,310,094 $27,999,941 Down ×1
GRFS Grifols, S.A. - American Depositary Shares $139,764,007 15.33% 19,740,679 $-15,460,519 Up ×3
MRP Millrose Properties, Inc. Class A Common Stock $119,518,346 13.11% 3,977,316 $10,897,610 Up ×3
CNH CNH Industrial N.V. Common Shares $106,935,553 11.73% 9,522,311 $67,139,313 Up ×1
ARMK Aramark Common Stock $102,118,316 11.20% 1,794,698 $2,282,201 Down ×1
NRG NRG Energy, Inc. Common Stock $86,238,352 9.46% 590,431 $-48,210,448 Down ×1
AMRZ Amrize Ltd Ordinary Shares $70,018,238 7.68% 1,313,663 $16,798,118 Up ×1
TRS TriMas Corporation - Common Stock $52,478,592 5.76% 1,165,414 $9,260,742 Down ×1
AMTM Amentum Holdings, Inc. Common Stock $29,620,689 3.25% 1,433,028 $-11,246,671 Down ×1
Unknown issuer (CUSIP: 78454L900) $26,674,200 2.93% 1,022,000 Call option Up ×1
Unknown issuer (CUSIP: N20944909) $3,420,658 0.38% 304,600 Call option Up ×1
FBTC $1,378,350 0.15% 27,000 $-215,460
IBIT iShares Bitcoin Trust ETF $912,379 0.10% 27,407 $-140,598

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
GRFS $139,764,007 15.33% up ×3
MRP $119,518,346 13.11% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 78454L900) $26,674,200 1,022,000 2.93%
Unknown issuer (CUSIP: N20944909) $3,420,658 304,600 0.38%

Top movers (QoQ)

Security Action Shares Δ Value Δ
CNH Bought more +5.9M +$67.1M
NRG Trimmed -330K -$48.2M
TIC Trimmed -635K +$28.0M
AMRZ Bought more +364K +$16.8M
GRFS Bought more +386K -$15.5M
AMTM Trimmed -134K -$11.2M
MRP Bought more +98K +$10.9M
TRS Trimmed -37K +$9.3M
ARMK Trimmed -668K +$2.3M
FBTC Price move only +0 -$215K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
KBR Dec. 31, 2025 3,182,791 $150,514,186 -4.6%
REZI June 30, 2026 1,928,882 $65,022,612 -34.5%
APG March 31, 2026 1,500,039 $57,391,492 3.4%
VGK June 30, 2026 213,000 $17,557,590 No longer tracked
VGK Sept. 30, 2025 100,000 $7,750,000 No longer tracked