Permian Investment Partners, LP Hedge Fund

CIK: 0001472850 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $882,726 (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (3)

AMRZ AMRIZE LTD 6.0%

Value ($000) $53,170 Shares 983,175 Est. Cost $51.02 Unrealized 0.0%

TRS TRIMAS CORP 3.3%

Value ($000) $29,192 Shares 823,481 Est. Cost $34.92 Unrealized 0.0%

FBTC FIDELITY WISE ORIGIN BITCOIN 0.5%

Value ($000) $4,574 Shares 60,000 Est. Cost $76.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMRZ	AMRIZE LTD	983,175	$53,170	6.0%	$51.02	0.0%	SHS	H2927K103
TRS	TRIMAS CORP	823,481	$29,192	3.3%	$34.92	0.0%	COM NEW	896215209
FBTC	FIDELITY WISE ORIGIN BITCOIN	60,000	$4,574	0.5%	$76.23	—	SHS	315948109

Increased Positions (4)

MRP MILLROSE PPTYS INC 12.8%

Value ($000) $113,336 (+92.3%) Shares 3,794,312 (+116.4%) Est. Cost $28.77 Unrealized —

REZI RESIDEO TECHNOLOGIES INC 9.8%

Value ($000) $86,904 (+108.4%) Shares 2,474,500 (+156.2%) Est. Cost $34.75 Unrealized +6.5%

GRFS GRIFOLS S A 19.3%

Value ($000) $170,079 (-2.2%) Shares 18,190,262 (+4.2%) Est. Cost $7.03 Unrealized —

TIC TIC SOLUTIONS INC 22.0%

Value ($000) $193,790 (-0.1%) Shares 19,168,108 (+31.6%) Est. Cost $11.56 Unrealized -3.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRP	MILLROSE PPTYS INC	3,794,312 (+116.4%)	$113,336 (+92.3%)	12.8%	$28.77	—	COM CL A	601137102
REZI	RESIDEO TECHNOLOGIES INC	2,474,500 (+156.2%)	$86,904 (+108.4%)	9.8%	$34.75	+6.5%	COM	76118Y104
GRFS	GRIFOLS S A	18,190,262 (+4.2%)	$170,079 (-2.2%)	19.3%	$7.03	—	SP ADR REP B NVT	398438408
TIC	TIC SOLUTIONS INC	19,168,108 (+31.6%)	$193,790 (-0.1%)	22.0%	$11.56	-3.7%	COM	00510N102

Exited Positions (1)

KBR KBR INC 17.1%

Value ($000) $150,514 Shares 3,182,791 Est. Cost $49.57 Unrealized -13.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KBR	KBR INC	3,182,791	$150,514	17.1%	$49.57	-13.8%	—	48242W106

Decreased Positions (3)

NRG NRG ENERGY INC 11.3%

Value ($000) $99,525 (-20.4%) Shares 625,000 (-19.0%) Est. Cost $61.57 Unrealized +168.5%

ARMK ARAMARK 8.1%

Value ($000) $71,864 (-12.1%) Shares 1,949,657 (-8.4%) Est. Cost $28.46 Unrealized +33.2%

IBIT ISHARES BITCOIN TRUST ETF 0.3%

Value ($000) $2,900 (-67.4%) Shares 58,407 (-57.4%) Est. Cost $65.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NRG	NRG ENERGY INC	625,000 (-19.0%)	$99,525 (-20.4%)	11.3%	$61.57	+168.5%	COM NEW	629377508
ARMK	ARAMARK	1,949,657 (-8.4%)	$71,864 (-12.1%)	8.1%	$28.46	+33.2%	COM	03852U106
IBIT	ISHARES BITCOIN TRUST ETF	58,407 (-57.4%)	$2,900 (-67.4%)	0.3%	$65.00	—	SHS BEN INT	46438F101

Unchanged Positions (1)

APG API GROUP CORP 6.5%

Value ($000) $57,391 Shares 1,500,039 Est. Cost $19.82 Unrealized +86.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APG	API GROUP CORP	1,500,039	$57,391	6.5%	$19.82	+86.6%	COM STK	00187Y100