Alaska Permanent Capital Management, LLC

Comprehensive Analysis of Alaska Permanent Capital Management, LLC (SEC 13F)

1. Portfolio Overview

Alaska Permanent Capital Management, LLC (APCM) manages a highly concentrated, ETF-centric portfolio with a total value of approximately $779.5 million as of September 30, 2025. The firm employs a "core-satellite" strategy, utilizing a small number of holdings (27 total) to achieve broad market exposure.

The portfolio experienced modest growth of 4.1% during the quarter, increasing from $74...