Alaska Permanent Capital Management, LLC

ANCHORAGE, AK · CIK 1426771 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 1991 · limited liability company

Assets managed$4.4bn
Staff13 · 10 in investment roles
Main clients (by assets)State and local governments 67%, Companies 17%, Charities 14%
Websiteapcm.net
Form ADV · 2026-04-30SEC adviser record

Legal entityALASKA PERMANENT CAPITAL MANAGEMENT COMPANY, LLC (US)

Kindinstitutions
Others nearbyAnchorage, AK

$1.5bn reported value +7.2% vs Q1 2026

41positions

82.4%in top 10

5 new 12 added 16 reduced 3 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	413,332	$308.8m20.18%	20.18%	Reduced -993	-993 -0.2%
2	ISHARES TR CORE S&P MCP ETF IJH	IJH	2,361,487	$182.0m11.89%	11.89%	Reduced -7.0k	-7,018 -0.3%
3	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	2,232,018	$163.8m10.70%	10.70%	Added +39.7k	+39,748 1.8%
4	ISHARES TR CORE MSCI EAFE IEFA	IEFA	1,226,501	$118.5m7.74%	7.74%	Reduced -5.5k	-5,550 -0.5%
5	ISHARES INC CORE MSCI EMKT IEMG	IEMG	1,258,604	$104.5m6.83%	6.83%	Reduced -115.3k	-115,320 -8.4%
6	ISHARES TR CORE S&P500 ETF IVV	IVV	135,686	$101.8m6.65%	6.65%	Reduced -381	-381 -0.3%
7	ISHARES TR CORE S&P SCP ETF IJR	IJR	581,190	$86.2m5.63%	5.63%	Reduced -27.8k	-27,797 -4.6%
8	FLEXSHARES TR STOXX GLOBR INF NFRA	NFRA	1,293,348	$82.8m5.41%	5.41%	Reduced -43.8k	-43,794 -3.3%
9	INDEXIQ ETF TR HEDGE MLTI ETF QAI	QAI	1,632,407	$59.8m3.91%	3.91%	Added +8.8k	+8,791 0.5%
10	J P MORGAN EXCHANGE TRADED F BETBULD MSCI BBRE	BBRE	489,700	$52.6m3.43%	3.43%	Reduced -17.3k	-17,297 -3.4%
11	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	1,030,814	$49.9m3.26%	3.26%	Reduced -517.6k	-517,558 -33.4%
12	ABRDN ETFS BBRG ALL COMMDY BCD	BCD	1,290,448	$44.0m2.88%	2.88%	Reduced -100.6k	-100,619 -7.2%
13	ISHARES TR CORE S&P TTL STK ITOT	ITOT	223,048	$36.7m2.40%	2.40%	Reduced -3.3k	-3,319 -1.5%
14	ISHARES TR INTRM GOV CR ETF GVI	GVI	273,625	$29.0m1.90%	1.90%	Added +16.9k	+16,918 6.6%
15	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	521,491	$26.2m1.71%	1.71%	Added +15.6k	+15,640 3.1%
16	SPDR SERIES TRUST PORTFLI HIGH YLD SPHY	SPHY	885,285	$20.7m1.35%	1.35%	Added +250.2k	+250,198 39.4%
17	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	192,591	$15.0m0.98%	0.98%	Added +12.6k	+12,619 7.0%
18	FIRST TR EXCHANGE-TRADED FD NASDQ CLN EDGE GRID	GRID	46,566	$8.9m0.58%	0.58%	Reduced -8.3k	-8,275 -15.1%
19	ISHARES TR ISHARES SEMICDTR SOXX	SOXX	13,740	$8.8m0.58%	0.58%	Reduced -5.3k	-5,302 -27.8%
20	J P MORGAN EXCHANGE TRADED F HEDGED EQUITY LA HELO	HELO	128,528	$8.7m0.57%	0.57%	Added +6.3k	+6,285 5.1%
21	FIRST TR EXCHANGE TRADED FD NASDQ SEMCNDTR FTXL	FTXL	29,839	$8.5m0.56%	0.56%	Reduced -13.9k	-13,934 -31.8%
22	GLOBAL X FDS US INFR DEV ETF PAVE	PAVE	73,952	$4.4m0.28%	0.28%	Reduced -4.9k	-4,946 -6.3%
23	SPDR SER TR NUVEEN BLMBRG SH SHM	SHM	48,194	$2.3m0.15%	0.15%	Added +20.9k	+20,934 76.8%
24	J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA BBCA	BBCA	18,126	$1.8m0.12%	0.12%	Reduced -270	-270 -1.5%
25	ISHARES TR 3 7 YR TREAS BD IEI	IEI	7,328	$860.6k0.06%	0.06%	New
26	ISHARES TR SHORT TREAS BD SHV	SHV	7,574	$835.7k0.05%	0.05%	New
27	NVIDIA CORPORATION COM NVDA	NVDA	2,000	$400.2k0.03%	0.03%	Unchanged
28	INVESCO EXCH TRD SLF IDX FD BULLETSHARES 203 BSJW	BSJW	10,237	$258.2k0.02%	0.02%	Unchanged
29	J P MORGAN EXCHANGE TRADED F INTL HDGD EQT LA HOLA	HOLA	4,584	$253.8k0.02%	0.02%	Unchanged
30	ISHARES TR IBONDS 2026 TERM IBHF	IBHF	10,756	$243.7k0.02%	0.02%	Added +157	+157 1.5%
31	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	2,152	$216.7k0.01%	0.01%	New
32	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	2,088	$213.1k0.01%	0.01%	New
33	INVESCO EXCH TRD SLF IDX FD BULLETSHS 2030 BSJU	BSJU	8,229	$212.1k0.01%	0.01%	Unchanged
34	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	3,750	$196.5k0.01%	0.01%	Unchanged
35	INVESCO EXCH TRD SLF IDX FD INVESCO BULLETSH BSJV	BSJV	7,504	$196.2k0.01%	0.01%	Unchanged
36	INNOVATOR ETFS TRUST INTERNATIONAL DE IDEC	IDEC	5,418	$185.9k0.01%	0.01%	Unchanged
37	INNOVATOR ETFS TRUST DEFINED WLT SHLD BALT	BALT	5,198	$178.0k0.01%	0.01%	Unchanged
38	ISHARES TR IBONDS 29 TR HI IBHI	IBHI	6,956	$162.2k0.01%	0.01%	Added +112	+112 1.6%
39	INVESCO EXCH TRD SLF IDX FD INVSCO 28 HYCORP BSJS	BSJS	7,373	$160.4k0.01%	0.01%	Added +110	+110 1.5%
40	INVESCO EXCH TRD SLF IDX FD BULETSHS 2027 BSJR	BSJR	5,490	$122.7k0.01%	0.01%	Added +72	+72 1.3%
41	INNOVATOR ETFS TRUST EMERGING MRKT 10 EBUF	EBUF	2,781	$88.4k0.01%	0.01%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
INNOVATOR ETFS TRUST KDEC	KDEC	6,771	$175.1k6.8k shares
INNOVATOR ETFS TRUST ZJUL	ZJUL	5,915	$172.0k5.9k shares
INNOVATOR ETFS TRUST ZDEK	ZDEK	3,830	$98.2k3.8k shares