Abstract-This paper presents a reduced order model for a permanent magnet and high temperature superconductor (HTSC) in an axisymmetric frame. This model is formulated as a bondgraph to be used for system models such as lift bearing applications, where the nonlinear force-displacement interactions are important for stability analysis and control design. The reduced order model is based on the mechanical and electromagnetic interaction between a permanent magnet and bulk HTSC. Performance of the proposed reduced order model is compared to FEM analysis and experimental tests to confirm the static and transient performance.