# Permian Investment Partners, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1472850. Source: https://holderbook.com/funds/1472850-permian-investment-partners-lp/

- Reported value: $911.5M
- Positions: 13
- Weight of the ten largest: 99.4%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TIC SOLUTIONS INC | [TIC](https://holderbook.com/stocks/TIC/) | $172.4M | 21,310,094 | 18.9% | 6 |
| GRIFOLS S A | [GRFS](https://holderbook.com/stocks/GRFS/) | $139.8M | 19,740,679 | 15.3% | 10 |
| MILLROSE PPTYS INC | [MRP](https://holderbook.com/stocks/MRP/) | $119.5M | 3,977,316 | 13.1% | 6 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $106.9M | 9,522,311 | 11.7% | 2 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $102.1M | 1,794,698 | 11.2% | 11 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $86.2M | 590,431 | 9.5% | 31 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $70.0M | 1,313,663 | 7.7% | 3 |
| TRIMAS CORP | [TRS](https://holderbook.com/stocks/TRS/) | $52.5M | 1,165,414 | 5.8% | 3 |
| AMENTUM HOLDINGS INC | [AMTM](https://holderbook.com/stocks/AMTM/) | $29.6M | 1,433,028 | 3.2% | 2 |
| SM ENERGY COMPANY | [SM](https://holderbook.com/stocks/SM/) | $26.7M | 0 | 2.9% | 1 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $3.4M | 0 | 0.4% | 1 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $1.4M | 27,000 | 0.2% | 3 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $912.4K | 27,407 | 0.1% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +6.6% | +14.8% | -8.2% | 100% |
| Q1 2026 | -11.3% | -4.6% | -6.6% | 100% |
| Q4 2025 | -10.8% | +2.4% | -13.2% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +23.9% | +10.5% | +13.5% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | -6.2% | +2.1% | -8.3% | 100% |
| Q3 2024 | +12.8% | +5.4% | +7.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $911.5M | 13 |
| Q1 2026 | $904.9M | 13 |
| Q4 2025 | $882.7M | 11 |
| Q3 2025 | $885.7M | 9 |
| Q2 2025 | $913.0M | 12 |
| Q1 2025 | $702.9M | 11 |
| Q4 2024 | $642.7M | 12 |
| Q3 2024 | $723.6M | 12 |
| Q2 2024 | $953.9M | 15 |
| Q1 2024 | $1.0B | 20 |
| Q4 2023 | $887.0M | 16 |
| Q3 2023 | $859.6M | 16 |