PERMIT CAPITAL, LLC Long-Term Concentrated

CIK: 0001313978 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $321,430 (100.0% shares, 0.0% debt)

Holdings (19)

Increased Positions (5)

PBI PITNEY BOWES INC 10.7%

Value ($000) $34,353 (+5.6%) Shares 3,250,000 (+14.0%) Est. Cost $6.00 Unrealized +72.8%

MTCH MATCH GROUP INC NEW 3.5%

Value ($000) $11,302 (+9.6%) Shares 350,000 (+19.9%) Est. Cost $31.02 Unrealized +5.9%

FTDR FRONTDOOR INC 3.5%

Value ($000) $11,400 (+8.9%) Shares 197,600 (+27.0%) Est. Cost $39.06 Unrealized +50.6%

QVCGA QVC GROUP INC 1.3%

Value ($000) $4,059 (-16.8%) Shares 388,062 (+7.3%) Est. Cost $6.51 Unrealized +67.1%

HPQ HP INC 1.9%

Value ($000) $5,993 (+0.5%) Shares 269,000 (+22.8%) Est. Cost $26.78 Unrealized -5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PBI	PITNEY BOWES INC	3,250,000 (+14.0%)	$34,353 (+5.6%)	10.7%	$6.00	+72.8%	COM	724479100
MTCH	MATCH GROUP INC NEW	350,000 (+19.9%)	$11,302 (+9.6%)	3.5%	$31.02	+5.9%	COM	57667L107
FTDR	FRONTDOOR INC	197,600 (+27.0%)	$11,400 (+8.9%)	3.5%	$39.06	+50.6%	COM	35905A109
QVCGA	QVC GROUP INC	388,062 (+7.3%)	$4,059 (-16.8%)	1.3%	$6.51	+67.1%	COM SER A NEW	74915M605
HPQ	HP INC	269,000 (+22.8%)	$5,993 (+0.5%)	1.9%	$26.78	-5.7%	COM	40434L105

Exited Positions (1)

SNDK SANDISK CORP 1.3%

Value ($000) $4,228 Shares 37,683 Est. Cost $49.67 Unrealized +303.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SNDK	SANDISK CORP	37,683	$4,228	1.3%	$49.67	+303.2%	—	80004C200

Decreased Positions (3)

EXPE EXPEDIA GROUP INC 6.4%

Value ($000) $20,682 (+16.6%) Shares 73,000 (-12.0%) Est. Cost $123.10 Unrealized +100.6%

GOOG ALPHABET INC 4.2%

Value ($000) $13,493 (+17.9%) Shares 43,000 (-8.5%) Est. Cost $128.85 Unrealized +122.2%

WDC WESTERN DIGITAL CORP 4.3%

Value ($000) $13,782 (+14.8%) Shares 80,000 (-20.0%) Est. Cost $42.03 Unrealized +260.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXPE	EXPEDIA GROUP INC	73,000 (-12.0%)	$20,682 (+16.6%)	6.4%	$123.10	+100.6%	COM NEW	30212P303
GOOG	ALPHABET INC	43,000 (-8.5%)	$13,493 (+17.9%)	4.2%	$128.85	+122.2%	CAP STK CL C	02079K107
WDC	WESTERN DIGITAL CORP	80,000 (-20.0%)	$13,782 (+14.8%)	4.3%	$42.03	+260.6%	COM	958102105

Unchanged Positions (11)

SATS ECHOSTAR CORP 3.6%

Value ($000) $11,442 Shares 105,263 Est. Cost $13.94 Unrealized +484.1%

OTEX OPEN TEXT CORP 3.1%

Value ($000) $10,100 Shares 310,000 Est. Cost $29.63 Unrealized +19.6%

IDCC INTERDIGITAL INC 4.1%

Value ($000) $13,204 Shares 41,472 Est. Cost $55.09 Unrealized +541.7%

PYPL PAYPAL HLDGS INC 2.4%

Value ($000) $7,589 Shares 130,000 Est. Cost $89.28 Unrealized -27.4%

META META PLATFORMS INC 3.1%

Value ($000) $9,901 Shares 15,000 Est. Cost $223.24 Unrealized +198.9%

SIG SIGNET JEWELERS LIMITED 2.1%

Value ($000) $6,713 Shares 81,000 Est. Cost $67.00 Unrealized +41.8%

CVS CVS HEALTH CORP 3.1%

Value ($000) $9,960 Shares 125,500 Est. Cost $59.18 Unrealized +32.9%

RRC RANGE RES CORP 2.3%

Value ($000) $7,364 Shares 208,850 Est. Cost $17.64 Unrealized +111.1%

SBAC SBA COMMUNICATIONS CORP NEW 34.6%

Value ($000) $111,283 Shares 575,312 Est. Cost $189.36 Unrealized +1.8%

GEN GEN DIGITAL INC 2.7%

Value ($000) $8,837 Shares 325,000 Est. Cost $22.22 Unrealized +20.8%

MTG MGIC INVT CORP WIS 3.1%

Value ($000) $9,974 Shares 341,350 Est. Cost $10.73 Unrealized +161.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	105,263	$11,442	3.6%	$13.94	+484.1%	CL A	278768106
OTEX	OPEN TEXT CORP	310,000	$10,100	3.1%	$29.63	+19.6%	COM	683715106
IDCC	INTERDIGITAL INC	41,472	$13,204	4.1%	$55.09	+541.7%	COM	45867G101
PYPL	PAYPAL HLDGS INC	130,000	$7,589	2.4%	$89.28	-27.4%	COM	70450Y103
META	META PLATFORMS INC	15,000	$9,901	3.1%	$223.24	+198.9%	CL A	30303M102
SIG	SIGNET JEWELERS LIMITED	81,000	$6,713	2.1%	$67.00	+41.8%	SHS	G81276100
CVS	CVS HEALTH CORP	125,500	$9,960	3.1%	$59.18	+32.9%	COM	126650100
RRC	RANGE RES CORP	208,850	$7,364	2.3%	$17.64	+111.1%	COM	75281A109
SBAC	SBA COMMUNICATIONS CORP NEW	575,312	$111,283	34.6%	$189.36	+1.8%	CL A	78410G104
GEN	GEN DIGITAL INC	325,000	$8,837	2.7%	$22.22	+20.8%	COM	668771108
MTG	MGIC INVT CORP WIS	341,350	$9,974	3.1%	$10.73	+161.8%	COM	552848103