Instuitional Investor - Permanens Capital L.p.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IAU	1,885,466	$166,221,081	21.41%
2.	Vanguard Index Fds - VALUE ETF		599,227	$117,568,337	15.15%
3.	Spdr Series Trust		987,782	$90,520,342	11.66%
4.	Vanguard Index Fds - GROWTH ETF		114,815	$50,150,044	6.46%
5.	Blackrock Etf Trust Ii		822,353	$40,964,835	5.28%