INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Permanent Capital Management, LP's Holding History (CIK: 0002054108)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,015 Value ($000) $597 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 2,161 Value ($000) $610 Avg Close $259.55 Range $232.08 - $292.01

Q2 2024

Shares 2,574 Value ($000) $759 Avg Close $165.85 Range $154.39 - $183.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,015	$597	$298.78	$262.11 - $324.90
Q3 2025	2,161	$610	$259.55	$232.08 - $292.01
Q2 2024	2,574	$759	$165.85	$154.39 - $183.50