Permit Capital 13F annual report
Permit Capital is an investment fund managing more than $266 billion ran by Jim Barossi. There are currently 28 companies in Mr. Barossi’s portfolio. The largest investments include SBA Communications Corp and Pitney Bowes, together worth $130 billion.
$266 billion Assets Under Management (AUM)
As of 7th August 2024, Permit Capital’s top holding is 604,035 shares of SBA Communications Corp currently worth over $116 billion and making up 43.5% of the portfolio value.
Relative to the number of outstanding shares of SBA Communications Corp, Permit Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 2,869,707 shares of Pitney Bowes worth $14.6 billion, whose value grew 79.9% in the past six months.
The third-largest holding is Expedia Inc worth $11.9 billion and the next is Alphabet Inc worth $10.8 billion, with 58,881 shares owned.
Currently, Permit Capital's portfolio is worth at least $266 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Permit Capital
The Permit Capital office and employees reside in West Conshohocken, Pennsylvania. According to the last 13-F report filed with the SEC, Jim Barossi serves as the Vice President and Chief Operating Officer at Permit Capital.
Recent trades
In the most recent 13F filing, Permit Capital revealed that it had opened a new position in
Gen Digital Inc and bought 325,000 shares worth $8.12 billion.
This means they effectively own approximately 0.1% of the company.
Gen Digital Inc makes up
52.3%
of the fund's Health Care sector allocation and has grown its share price by 18.1% in the past year.
The investment fund also strengthened its position in SBA Communications Corp by buying
569,635 additional shares.
This makes their stake in SBA Communications Corp total 604,035 shares worth $116 billion.
SBA Communications Corp dropped 5.4% in the past year.
On the other hand, Jim Barossi disclosed a decreased stake in Pitney Bowes by 0.1%.
This leaves the value of the investment at $14.6 billion and 2,869,707 shares.
One of the smaller hedge funds
The two most similar investment funds to Permit Capital are Coyle Counsel and Great Oak Capital Partners. They manage $266 billion and $266 billion respectively.
Jim Barossi investment strategy
Permit Capital’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Communication Services — making up 46.9% of
the total portfolio value.
The fund focuses on investments in the United States as
85.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
64% of the total holdings value.
On the other hand, small-cap stocks make up only 3.6% of the portfolio.
The average market cap of the portfolio companies is close to $159 billion.
The complete list of Permit Capital trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| SBA Communications Corp |
1,655.92%
604,035
|
$115,740,288,000 | 43.52% |
| Pitney Bowes, Inc. |
11.83%
2,869,707
|
$14,578,112,000 | 5.48% |
| Expedia Group Inc |
No change
94,425
|
$11,896,606,000 | 4.47% |
| Alphabet Inc |
1.00%
58,881
|
$10,799,953,000 | 4.06% |
| Meta Platforms Inc |
40.56%
17,000
|
$8,571,740,000 | 3.22% |
| Western Digital Corp. |
22.70%
113,050
|
$8,565,799,000 | 3.22% |
| Mgic Invt Corp Wis |
30.16%
391,350
|
$8,433,593,000 | 3.17% |
| Interdigital Inc |
No change
70,589
|
$8,227,854,000 | 3.09% |
| Gen Digital Inc |
Opened
325,000
|
$8,118,500,000 | 3.05% |
| frontdoor, inc. |
Opened
227,600
|
$7,690,604,000 | 2.89% |
| Range Res Corp |
16.43%
228,850
|
$7,673,341,000 | 2.89% |
| HP Inc |
No change
219,000
|
$7,669,380,000 | 2.88% |
| PayPal Holdings Inc |
No change
130,000
|
$7,543,900,000 | 2.84% |
| Match Group Inc. |
Opened
245,000
|
$7,443,100,000 | 2.80% |
| CVS Health Corp |
No change
125,500
|
$7,412,030,000 | 2.79% |
| Signet Jewelers Ltd |
26.36%
81,000
|
$7,255,980,000 | 2.73% |
| Paramount Global |
No change
558,000
|
$5,797,620,000 | 2.18% |
| Qurate Retail Inc |
No change
7,600,000
|
$4,788,000,000 | 1.80% |
| EchoStar Corp |
No change
105,263
|
$1,874,734,000 | 0.70% |
| Berkshire Hathaway Inc. |
No change
1,827
|
$1,966,892,000 | 0.74% |
| Mastercard Incorporated |
No change
2,320
|
$1,023,491,000 | 0.38% |
| Visa Inc |
No change
2,685
|
$704,732,000 | 0.26% |
| Netflix Inc. |
13.01%
996
|
$672,180,000 | 0.25% |
| Philip Morris International Inc |
No change
6,276
|
$635,947,000 | 0.24% |
| JPMorgan Chase & Co. |
25.52%
1,955
|
$395,418,000 | 0.15% |
| Uber Technologies Inc |
23.12%
3,355
|
$243,841,000 | 0.09% |
| Brown-Forman Corporation |
No change
3,115
|
$137,244,000 | 0.05% |
| DoorDash Inc |
Opened
980
|
$106,604,000 | 0.04% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
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