Permian Investment Partners, Lp
- Regulatory AUM
- $2.4B
- Discretionary
- $2.4B
- Clients
- 8
- Avg AUM / client
- $304M
- Accounts
- 9
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 13 positions, $904,857,455)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Grifols S A | SP ADR REP B NVT | $155,224,526 | 19,354,679 | 17.2% | 6.38% |
| 2 | Tic Solutions Inc | COM | $144,398,719 | 21,945,094 | 16.0% | 5.93% |
| 3 | Nrg Energy Inc | COM NEW | $134,448,800 | 920,000 | 14.9% | 5.52% |
| 4 | Millrose Pptys Inc | COM CL A | $108,620,736 | 3,879,312 | 12.0% | 4.46% |
| 5 | Aramark | COM | $99,836,115 | 2,462,657 | 11.0% | 4.1% |
| 6 | Resideo Technologies Inc | COM | $65,022,612 | 1,928,882 | 7.19% | 2.67% |
| 7 | Amrize Ltd | SHS | $53,220,120 | 950,020 | 5.88% | 2.19% |
| 8 | Trimas Corp | COM NEW | $43,217,850 | 1,202,500 | 4.78% | 1.78% |
| 9 | Amentum Holdings Inc | COM | $40,867,360 | 1,567,000 | 4.52% | 1.68% |
| 10 | Cnh Indl N V | SHS | $39,796,240 | 3,617,840 | 4.4% | 1.64% |
| 11 | Vanguard Intl Equity Index F | FTSE EUROPE ETF | $17,557,590 | 213,000 | 1.94% | 0.72% |
| 12 | Fidelity Wise Origin Bitcoin | SHS | $1,593,810 | 27,000 | 0.18% | 0.07% |
| 13 | Ishares Bitcoin Trust Etf | SHS BEN INT | $1,052,977 | 27,407 | 0.12% | 0.04% |
Top 25 of 13 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 8 | $1.8B | 74.3% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $625M | 25.7% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Permian Master Fund, L.P. master | Hedge Fund | Cayman Islands | $760M | 40 |
| Permian Nautilus Master Fund, Lp master | Hedge Fund | Cayman Islands | $588M | 30 |
| Permian Treble Master Fund, Lp | Hedge Fund | Delaware | $51.1M | 4 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Employees' Retirement Plan Of Duke University Duke University | 2024 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Flinn, Lawrence | Member | Apr 2008 (18y) | ≈ 7.5% – 25% via Flinn Permian Llc | |
| Alex Jason Duran | Limited Partner | Jun 2008 (18y) | 25% – 50% | |
| Hendrickson, Scott, Michael | Limited Partner | Jun 2008 (18y) | 25% – 50% | |
| Brown, Britton, Len | Chief Compliance Officer And Chief Financial Officer | Oct 2021 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Flinn Permian Llc | Limited Partner | Jun 2008 | A | 10% – 25% |
| Htc Partners, Llc | General Partner | Feb 2008 | A | Less than 5% |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Flinn, Lawrence: 75% – 100% of Flinn Permian Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $1.4B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Permian Master Fund, L.P. | Hedge Fund | $760M | $1.0M | 40 |
| Permian Nautilus Master Fund, Lp | Hedge Fund | $588M | $25.0M | 30 |
| Permian Treble Master Fund, Lp | Hedge Fund | $51.1M | $10.0M | 4 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Employees' Retirement Plan Of Duke University | Duke University | 23,682 | $2.8B | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.02 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $625M (26% of AUM) Mar 2026
- BNY Mellon $324M (15% of AUM) Oct 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗