Pallas Capital Advisors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), Pallas Capital Advisors LLC reported 428 stock positions worth $2.4 billion. Its top holding was Bruker (BRKR) at 37.1% of the portfolio, followed by Global Partners (GLP, 2.7%) and Microsoft (MSFT, 2.5%). Compared with Q4 2023, it opened 93 new positions, sold out of 20, added to 203 and reduced 121. The biggest buy was Bruker (BRKR, shares +13%) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- BRAINTREE, MA
- CIK
- 0001862282
- Portfolio Value
- $2.4B (Q1 2024)
- SEC Filing
- 0001951757-24-000289 ↗ filed Apr 15, 2024
Holdings Value
Holdings 428 stocks · $2.4B
| BRKR Bruker Corp. | 37.08% | 9,480,471 | $890.6M | Add +12.5% |
| GLP Global Partners LP | 2.74% | 1,481,980 | $65.8M | Add +19196.6% |
| MSFT Microsoft Corp. | 2.54% | 145,148 | $61.1M | Add +0.4% |
| AMZN Amazon.com Inc. | 1.73% | 230,212 | $41.5M | Add +3.7% |
| JBND JPMorgan Active Bond ETF | 1.51% | 690,728 | $36.3M | Add +10.3% |
| AAPL Apple Inc. | 1.44% | 201,516 | $34.6M | Add +5.8% |
| FBND Fidelity Total Bond ETF | 1.21% | 639,612 | $29.0M | New |
| GOOGL Alphabet Inc. Class A | 1.07% | 169,808 | $25.6M | Add +6.2% |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | 1.04% | 1,371,031 | $24.9M | Add +12.3% |
| VMBS Vanguard Mortgage-Backed Sec | 1.00% | 524,091 | $23.9M | Add +13.7% |
| MMIT Nylim Mackay Muni Intermedia | 0.91% | 899,803 | $21.9M | Add +11.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.88% | 50,519 | $21.2M | Add +3.7% |
| JPM JPMorgan Chase & Co. | 0.83% | 99,522 | $19.9M | Add +4.2% |
| IEF iShares 7-10 Year Treasury B | 0.78% | 197,781 | $18.7M | New |
| AVGO Broadcom Inc. | 0.71% | 12,912 | $17.1M | Add +5.1% |
| IQLT iShares MSCI International Q | 0.69% | 415,371 | $16.5M | Add +2.9% |
| GSIE Goldman Sachs Activebeta Int | 0.67% | 471,108 | $16.2M | Add +3.3% |
| DFAI Dimensional International Co. | 0.67% | 531,325 | $16.1M | Add +3.4% |
| LIN Linde PLC | 0.67% | 34,455 | $16.0M | Reduce -3.4% |
| JIRE JPMorgan Int Res Enh Eqty | 0.67% | 255,369 | $16.0M | Add +4.1% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.66% | 263,319 | $15.8M | Add +3.4% |
| XLK SS Technology Select Sector | 0.64% | 73,769 | $15.4M | Add +4.8% |
| IVV iShares Core S&P 500 ETF | 0.63% | 28,968 | $15.2M | Reduce -8.1% |
| PG The Procter & Gamble Co. | 0.61% | 89,931 | $14.6M | Add +2.8% |
| VSS Vanguard Ftse All Wo X-US SC | 0.59% | 120,922 | $14.1M | Add +5.5% |
| VGIT Vanguard Intermediate-Term T | 0.59% | 240,192 | $14.1M | Add +10.6% |
| XOM Exxon Mobil Corp. | 0.56% | 115,320 | $13.4M | Add +226.3% |
| DFAE Dimensional Emerging Core Eq | 0.53% | 510,172 | $12.6M | Add +4.7% |
| V Visa Inc. Class A | 0.51% | 44,102 | $12.3M | Add +1.1% |
| GOOG Alphabet Inc. Class C | 0.51% | 80,214 | $12.2M | Reduce -3.4% |
| AMAT Applied Materials Inc. | 0.51% | 59,018 | $12.2M | Add +4.0% |
| JNJ Johnson & Johnson | 0.48% | 73,425 | $11.6M | Add +21.3% |
| LLY Eli Lilly & Co. | 0.48% | 14,805 | $11.5M | Reduce -23.9% |
| CRM Salesforce Inc. | 0.46% | 36,819 | $11.1M | Add +2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.43% | 101,520 | $10.3M | Add +4.0% |
| ABT Abbott Laboratories | 0.42% | 89,532 | $10.2M | Add +2.2% |
| UNH Unitedhealth Group Inc. | 0.41% | 19,889 | $9.8M | Add +3.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.40% | 142,917 | $9.6M | Reduce -3.8% |
| JBBB Janus Henderson B-BBB Clo Et | 0.39% | 191,823 | $9.4M | Add +496.3% |
| PXD Pioneer Natural Resources Co. | 0.38% | 35,161 | $9.2M | Add +5.4% |
| XLV SS Health Care Select Sector | 0.37% | 59,856 | $8.8M | Add +6.5% |
| DOV Dover Corp. | 0.37% | 49,520 | $8.8M | Add +12.7% |
| MRK Merck & Co. Inc. | 0.36% | 66,286 | $8.7M | Add +6.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.36% | 242,519 | $8.6M | Reduce -0.2% |
| ADBE Adobe Inc. | 0.36% | 17,064 | $8.6M | Reduce -1.2% |
| JHEM John Hancock Multi Em MRK Et | 0.35% | 324,278 | $8.4M | Add +7.2% |
| EMR Emerson Electric Co. | 0.35% | 73,756 | $8.4M | Add +3.6% |
| JMBS Janus Henderson Mortg Backed | 0.34% | 183,153 | $8.3M | New |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 0.34% | 279,847 | $8.2M | Add +6.0% |
| JEMA JPMorgan Activebuilders Emer | 0.34% | 221,556 | $8.1M | Add +8.6% |
| META Meta Platforms Inc. Class A | 0.34% | 16,655 | $8.1M | Add +11.3% |
| KO The Coca-Cola Co. | 0.33% | 130,770 | $8.0M | Add +88.8% |
| VPU Vanguard Utilities ETF | 0.33% | 55,240 | $7.9M | Add +31.5% |
| XLF SS Financial Select Sector | 0.33% | 186,551 | $7.9M | Add +5.1% |
| DFIV Dimensional International Va | 0.33% | 213,413 | $7.8M | Add +7.8% |
| ORLY O'reilly Automotive Inc. | 0.32% | 6,780 | $7.7M | Add +5.3% |
| SCHF Schwab Intl Equity ETF | 0.32% | 195,080 | $7.6M | Add +7.7% |
| SYK Stryker Corp. | 0.31% | 20,730 | $7.4M | Add +2.0% |
| SCMB Schwab Municipal Bond ETF | 0.31% | 140,947 | $7.3M | Add +11.7% |
| COST Costco Wholesale Corp. | 0.30% | 9,851 | $7.2M | Add +5.5% |
| CMCSA Comcast Corp. Class A | 0.30% | 165,857 | $7.2M | Add +3.6% |
| MMIN Nylim Mackay Muni Insured Et | 0.30% | 293,520 | $7.1M | Add +8.8% |
| USFR Wisdomtree Floating Rate Tre | 0.29% | 138,214 | $7.0M | Reduce -22.7% |
| ORCL Oracle Corp. | 0.29% | 55,302 | $6.9M | Reduce -21.9% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.29% | 134,030 | $6.9M | Add +350.1% |
| NVDA Nvidia Corp. | 0.29% | 7,663 | $6.9M | Add +39.0% |
| LNG Cheniere Energy Inc. | 0.29% | 42,492 | $6.9M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 12,978 | $6.8M | Reduce -2.8% |
| PEP Pepsico Inc. | 0.28% | 38,642 | $6.8M | Add +10.6% |
| MA Mastercard Inc. Class A | 0.28% | 13,955 | $6.7M | Reduce -3.2% |
| XLI SS Industrial Select Sector | 0.28% | 53,255 | $6.7M | Add +5.5% |
| DD Dupont DE Nemours Inc. | 0.27% | 85,854 | $6.6M | Add +18.5% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 11,258 | $6.5M | Add +11.5% |
| AMGN Amgen Inc. | 0.27% | 22,946 | $6.5M | Add +5.8% |
| AVDV Avantis Intl S/C Value ETF | 0.27% | 98,733 | $6.5M | Reduce -0.5% |
| J Jacobs Solutions Inc. | 0.27% | 41,426 | $6.4M | Add +3.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 14,322 | $6.4M | Add +2.6% |
| CAT Caterpillar Inc. | 0.26% | 17,104 | $6.3M | Add +4.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.25% | 5,941 | $6.0M | Add +2.9% |
| RSP Invesco S&P 500 Equal Weight | 0.25% | 35,372 | $6.0M | Add +173.2% |
| VOO Vanguard S&P 500 ETF | 0.25% | 12,377 | $5.9M | Add +0.1% |
| VTR Ventas Inc. | 0.25% | 136,513 | $5.9M | Add +7.2% |
| FIX Comfort Systems USA Inc. | 0.24% | 18,322 | $5.8M | Add +0.7% |
| ACN Accenture PLC Class A | 0.24% | 16,773 | $5.8M | Add +7.2% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.24% | 102,035 | $5.8M | Add +2.6% |
| QCOM Qualcomm Inc. | 0.24% | 33,556 | $5.7M | Add +6.2% |
| ABBV Abbvie Inc. | 0.23% | 30,206 | $5.5M | Add +12.6% |
| PH Parker Hannifin Corp. | 0.22% | 9,700 | $5.4M | Add +10.7% |
| SUB iShares Short-Term National | 0.22% | 51,100 | $5.4M | Add +10.8% |
| JBI Janus International Group Inc. | 0.22% | 343,705 | $5.2M | New |
| VGT Vanguard Info Tech ETF | 0.22% | 9,892 | $5.2M | Reduce -0.3% |
| VAC Marriott Vacations World | 0.22% | 48,051 | $5.2M | Add +4.1% |
| VST Vistra Corp. | 0.21% | 73,911 | $5.1M | Reduce -56.3% |
| ESGE iShares Inc. iShares ESG Awar | 0.21% | 156,871 | $5.1M | Reduce -1.0% |
| GEM Goldman Sachs Activebeta Em | 0.21% | 161,225 | $5.1M | Reduce -1.3% |
| XLY SS Consumer Disc Select Sect | 0.20% | 26,624 | $4.9M | Add +7.0% |
| MAR Marriott International Class A | 0.20% | 19,269 | $4.9M | Add +0.3% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 50,708 | $4.8M | Add +11.7% |
| NEE Nextera Energy Inc. | 0.19% | 72,897 | $4.7M | Add +427.4% |
| USIG iShares Broad Usd Investment | 0.19% | 91,288 | $4.6M | Add +13.0% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $89K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AGMIT MERGER SUB LLC (MITT 6.75 09/15/24) | NOTE 6.750% 9/1 · principal | 25,000 | $25K | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 25,000 | $22K | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 22,000 | $21K | New |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 19,000 | $21K | No change |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q4 2023 → Q1 2024
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -95.9% | 0.04% | −1.33 |
| VGSH Vanguard Short-Term Treasury | Reduce -96.5% | 0.02% | −0.83 |
| VTIP Vanguard Short-Term Tips | Reduce -94.7% | 0.04% | −0.82 |
| VUSB Vanguard Ultra Short Bond Et | Sold out | 0.00% | −0.43 |
| ADBE Adobe Inc. | Reduce -1.2% | 0.36% | −0.19 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.19 |
| USFR Wisdomtree Floating Rate Tre | Reduce -22.7% | 0.29% | −0.19 |
| CSCO Cisco Systems Inc. | Reduce -75.1% | 0.04% | −0.18 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.18 |
| UAUG Innovator U.S. Equity Ultra | Reduce -43.0% | 0.16% | −0.17 |
| IVV iShares Core S&P 500 ETF | Reduce -8.1% | 0.63% | −0.17 |
| GJUL FT Vest US Equity Moderate B | Reduce -68.2% | 0.05% | −0.15 |
| PANW Palo Alto Networks Inc. | Reduce -39.5% | 0.11% | −0.13 |
| VST Vistra Corp. | Reduce -56.3% | 0.21% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -23.9% | 0.48% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -3.4% | 0.51% | −0.11 |
| LIN Linde PLC | Reduce -3.4% | 0.67% | −0.11 |
| ORCL Oracle Corp. | Reduce -21.9% | 0.29% | −0.11 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -3.8% | 0.40% | −0.09 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.09 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -0.2% | 0.36% | −0.08 |
| NOW ServiceNow Inc. | Reduce -40.6% | 0.07% | −0.07 |
| PYPL PayPal Holdings Inc. | Reduce -82.8% | 0.01% | −0.06 |
| PICK iShares MSCI Global Metals & | Sold out | 0.00% | −0.06 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -24.8% | 0.11% | −0.06 |
| LH Laboratory CRP of Amer Hldgs | Sold out | 0.00% | −0.06 |
| ESGE iShares Inc. iShares ESG Awar | Reduce -1.0% | 0.21% | −0.06 |
| VMRK Vivmark Residential | Sold out | 0.00% | −0.06 |
| AVDV Avantis Intl S/C Value ETF | Reduce -0.5% | 0.27% | −0.06 |
| GEM Goldman Sachs Activebeta Em | Reduce -1.3% | 0.21% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.8% | 0.28% | −0.06 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -61.6% | 0.02% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -3.2% | 0.28% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -3.1% | 0.19% | −0.05 |
| HXL Hexcel Corp. | Sold out | 0.00% | −0.04 |
| VGT Vanguard Info Tech ETF | Reduce -0.3% | 0.22% | −0.04 |
| FVD First Trust Value Line DVD | Sold out | 0.00% | −0.04 |
| CZA Invesco Zacks Mid-Cap ETF | Sold out | 0.00% | −0.04 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.04 |
| IYT iShares US Transportation Et | Reduce -2.3% | 0.16% | −0.03 |
| NFLX Netflix Inc. | Reduce -19.4% | 0.12% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -31.1% | 0.05% | −0.03 |
| ADP Automatic Data Processing | Reduce -28.3% | 0.05% | −0.03 |
| STRS Stratus Properties Inc. | Sold out | 0.00% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -19.5% | 0.07% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.03 |
| DE Deere & Co. | Reduce -3.9% | 0.10% | −0.03 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -0.5% | 0.12% | −0.03 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -22.1% | 0.05% | −0.03 |
| ZTS Zoetis Inc. | Reduce -1.4% | 0.05% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| BRKR Bruker Corp. | Add +12.5% | 37.08% | +4.14 |
| GLP Global Partners LP | Add +19196.6% | 2.74% | +2.72 |
| FBND Fidelity Total Bond ETF | New | 1.21% | +1.21 |
| IEF iShares 7-10 Year Treasury B | New | 0.78% | +0.78 |
| XOM Exxon Mobil Corp. | Add +226.3% | 0.56% | +0.37 |
| JMBS Janus Henderson Mortg Backed | New | 0.34% | +0.34 |
| JBBB Janus Henderson B-BBB Clo Et | Add +496.3% | 0.39% | +0.31 |
| JBI Janus International Group Inc. | New | 0.22% | +0.22 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Add +350.1% | 0.29% | +0.21 |
| GDEC FT Vest US Equity Moderate B | New | 0.16% | +0.16 |
| ONEY SS SPDR R1000 Yield Foc ETF | New | 0.15% | +0.15 |
| NEE Nextera Energy Inc. | Add +427.4% | 0.19% | +0.15 |
| NVDA Nvidia Corp. | Add +39.0% | 0.29% | +0.14 |
| RSP Invesco S&P 500 Equal Weight | Add +173.2% | 0.25% | +0.14 |
| PJAN Innovator U.S. Equity Power | New | 0.13% | +0.13 |
| KO The Coca-Cola Co. | Add +88.8% | 0.33% | +0.12 |
| DKNG Draftkings Inc. Class A | New | 0.08% | +0.08 |
| KJAN Innovator U.S. Small Cap Pow | New | 0.08% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +100.7% | 0.14% | +0.06 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.06% | +0.06 |
| GTLS Chart Industries Inc. | Add +92.1% | 0.12% | +0.06 |
| META Meta Platforms Inc. Class A | Add +11.3% | 0.34% | +0.06 |
| CRL Charles River Laboratories | Add +93.8% | 0.12% | +0.05 |
| FIX Comfort Systems USA Inc. | Add +0.7% | 0.24% | +0.04 |
| UBER Uber Technologies Inc. | New | 0.04% | +0.04 |
| VKTX Viking Therapeutics Inc. | Add +3.8% | 0.05% | +0.04 |
| AVB Avalonbay Communities Inc. | Add +80.5% | 0.13% | +0.04 |
| ROST Ross Stores Inc. | New | 0.03% | +0.03 |
| XT Ishar Fture Exp Tech ETF-Usd | Add +285.2% | 0.05% | +0.03 |
| C Citigroup Inc. | New | 0.03% | +0.03 |
| MCD McDonald's Corp. | Add +78.0% | 0.13% | +0.03 |
| IETC iShares U.S. Tech Independen | New | 0.03% | +0.03 |
| MMM 3M Co. | New | 0.03% | +0.03 |
| CZR Caesars Entertainment Inc. | New | 0.02% | +0.02 |
| BIIB Biogen Inc. | New | 0.02% | +0.02 |
| DOCU Docusign Inc. | New | 0.02% | +0.02 |
| INTC Intel Corp. | Add +352.1% | 0.03% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +61.1% | 0.09% | +0.02 |
| VPU Vanguard Utilities ETF | Add +31.5% | 0.33% | +0.02 |
| JMST JPM Ultra-Short Muni Income | New | 0.02% | +0.02 |
| RFI Cohen & Steers Tot Ret RLTY | New | 0.02% | +0.02 |
| FLS Flowserve Corp. | New | 0.02% | +0.02 |
| GDDY GoDaddy Inc. Class A | New | 0.02% | +0.02 |
| EFAV iShares MSCI Eafe Min Vol Fa | New | 0.02% | +0.02 |
| ZM Zoom Communications Inc. | New | 0.02% | +0.02 |
| HUM Humana Inc. | New | 0.02% | +0.02 |
| GE General Electric | New | 0.02% | +0.02 |
| WYNN WYNN Resorts Ltd. | New | 0.02% | +0.02 |
| CNC Centene Corp. | New | 0.02% | +0.02 |
| VRT Vertiv Holdings Co. Class A | New | 0.02% | +0.02 |
Notes & Other Activity Q4 2023 → Q1 2024
| AGMIT MERGER SUB LLC (MITT 6.75 09/15/24) | NOTE 6.750% 9/1 · principal | New | 25,000 | $25K |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | New | 25,000 | $22K |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | New | 22,000 | $21K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,034 | $3.2B | BRKR, GLP, JMBS, NVDA, AAPL |
| Q1 2026 | 862 | $2.7B | BRKR, GLP, JMBS, MSFT, AAPL |
| Q4 2025 | 882 | $3.0B | BRKR, JMBS, MSFT, GLP, AAPL |
| Q3 2025 | 870 | $2.7B | BRKR, MSFT, GLP, JMBS, AAPL |
| Q2 2025 | 858 | $2.6B | BRKR, GLP, MSFT, JMBS, AAPL |
| Q1 2025 | 762 | $2.4B | BRKR, GLP, AAPL, MSFT, JMBS |
| Q4 2024 | 580 | $2.3B | BRKR, GLP, MSFT, AAPL, AMZN |
| Q3 2024 | 595 | $2.3B | BRKR, GLP, MSFT, FBND, AAPL |
| Q2 2024 | 500 | $2.2B | BRKR, MSFT, GLP, AAPL, AMZN |
| Q1 2024 | 428 | $2.4B | BRKR, GLP, MSFT, AMZN, JBND |