Instuitional Investor - Permanens Capital L.p.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - VALUE ETF		787,828	$136,089,409	24.71%
2.	Vanguard Index Fds - GROWTH ETF		354,713	$131,534,675	23.89%
3.	Ishares Trust	IAU	873,742	$51,515,852	9.35%
4.	Dbx Etf Tr - XTRACK MSCI EURP		968,639	$42,775,098	7.77%
5.	Wisdomtree Trust		317,244	$34,953,895	6.35%