Pallas Capital Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 13, 2025), Pallas Capital Advisors LLC reported 580 stock positions worth $2.3 billion. Its top holding was Bruker (BRKR) at 23.8% of the portfolio, followed by Global Partners (GLP, 3.0%) and Microsoft (MSFT, 2.7%). Compared with Q3 2024, it opened 46 new positions, sold out of 61, added to 256 and reduced 242. The biggest buy was Vanguard Total Bond Market (BND, shares +11191%) and the biggest sale Fidelity Total Bond ETF (FBND, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- BRAINTREE, MA
- CIK
- 0001862282
- Portfolio Value
- $2.3B (Q4 2024)
- SEC Filing
- 0001951757-25-000010 ↗ filed Jan 13, 2025
Holdings Value
Holdings 580 stocks · $2.3B
| BRKR Bruker Corp. | 23.79% | 9,482,301 | $555.9M | Reduce -0.0% |
| GLP Global Partners LP | 2.95% | 1,481,980 | $69.0M | No change |
| MSFT Microsoft Corp. | 2.73% | 151,271 | $63.8M | Reduce -0.0% |
| AAPL Apple Inc. | 2.48% | 231,017 | $57.9M | Add +3.1% |
| AMZN Amazon.com Inc. | 2.20% | 234,276 | $51.4M | Reduce -2.6% |
| JBND JPMorgan Active Bond ETF | 1.78% | 797,106 | $41.6M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 1.41% | 174,283 | $33.0M | Reduce -1.4% |
| AVGO Broadcom Inc. | 1.36% | 137,339 | $31.8M | Reduce -1.8% |
| BND Vanguard Total Bond Market | 1.32% | 428,818 | $30.8M | Add +11190.6% |
| VMBS Vanguard Mortgage-Backed Sec | 1.19% | 611,565 | $27.7M | Add +0.4% |
| FBND Fidelity Total Bond ETF | 1.17% | 610,684 | $27.4M | Reduce -48.5% |
| NVDA Nvidia Corp. | 1.11% | 193,717 | $26.0M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 1.06% | 103,303 | $24.8M | Reduce -2.9% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 1.02% | 990,587 | $23.8M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 50,146 | $22.7M | Reduce -1.9% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.87% | 391,778 | $20.3M | Add +3.1% |
| XOM Exxon Mobil Corp. | 0.80% | 172,887 | $18.6M | Reduce -5.0% |
| IEF iShares 7-10 Year Treasury B | 0.75% | 190,277 | $17.6M | Reduce -0.1% |
| GSIE Goldman Sachs Activebeta Int | 0.75% | 522,244 | $17.4M | Add +0.5% |
| IQLT iShares MSCI International Q | 0.74% | 464,680 | $17.2M | Add +1.4% |
| DFAI Dimensional International Co. | 0.74% | 589,125 | $17.2M | Add +0.8% |
| XLK SS Technology Select Sector | 0.73% | 73,015 | $17.0M | Reduce -1.3% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.72% | 296,475 | $16.9M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 0.71% | 28,358 | $16.7M | Add +0.2% |
| MBB iShares MBS ETF | 0.71% | 181,011 | $16.6M | Add +3248.9% |
| PG The Procter & Gamble Co. | 0.69% | 96,619 | $16.2M | Reduce -0.0% |
| V Visa Inc. Class A | 0.64% | 47,279 | $14.9M | Reduce -1.6% |
| LIN Linde PLC | 0.63% | 35,317 | $14.8M | Reduce -0.4% |
| FENI Fidelity Enhanced Intl ETF | 0.63% | 532,011 | $14.6M | New |
| GOOG Alphabet Inc. Class C | 0.63% | 76,871 | $14.6M | Reduce -0.5% |
| JIRE JPMorgan Int Res Enh Eqty | 0.63% | 249,978 | $14.6M | Reduce -0.5% |
| SCMB Schwab Municipal Bond ETF | 0.59% | 539,702 | $13.9M | Reduce -43.9% |
| JMBS Janus Henderson Mortg Backed | 0.59% | 312,100 | $13.8M | Reduce -53.6% |
| DFAE Dimensional Emerging Core Eq | 0.57% | 525,840 | $13.3M | Reduce -0.4% |
| LLY Eli Lilly & Co. | 0.57% | 17,149 | $13.2M | Add +2.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.54% | 104,873 | $12.7M | Reduce -0.6% |
| CRM Salesforce Inc. | 0.51% | 35,788 | $12.0M | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 0.50% | 19,984 | $11.7M | Add +2.4% |
| ORCL Oracle Corp. | 0.48% | 67,155 | $11.2M | Add +2.2% |
| ABT Abbott Laboratories | 0.46% | 95,981 | $10.9M | Reduce -1.1% |
| USIG iShares Broad Usd Investment | 0.44% | 206,531 | $10.4M | Add +0.7% |
| UNH Unitedhealth Group Inc. | 0.43% | 20,069 | $10.2M | Reduce -0.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.42% | 411,466 | $9.7M | Reduce -66.5% |
| COST Costco Wholesale Corp. | 0.41% | 10,470 | $9.6M | Reduce -1.5% |
| EMR Emerson Electric Co. | 0.41% | 77,162 | $9.6M | Reduce -1.9% |
| JEMA JPMorgan Activebuilders Emer | 0.40% | 252,792 | $9.5M | Add +1.0% |
| XLV SS Health Care Select Sector | 0.40% | 68,403 | $9.4M | Add +1.4% |
| USFR Wisdomtree Floating Rate Tre | 0.40% | 186,516 | $9.4M | Add +56.3% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 0.40% | 307,568 | $9.4M | Add +0.1% |
| DOV Dover Corp. | 0.40% | 49,882 | $9.4M | Reduce -1.1% |
| JHEM John Hancock Multi Em MRK Et | 0.40% | 359,569 | $9.3M | Reduce -0.3% |
| DFIV Dimensional International Va | 0.39% | 256,726 | $9.1M | Add +1.7% |
| VST Vistra Corp. | 0.39% | 65,784 | $9.1M | Reduce -3.5% |
| LNG Cheniere Energy Inc. | 0.38% | 41,703 | $9.0M | Reduce -3.3% |
| VPU Vanguard Utilities ETF | 0.38% | 54,417 | $8.9M | Add +0.1% |
| XLF SS Financial Select Sector | 0.38% | 181,625 | $8.8M | Reduce -1.6% |
| SCHF Schwab Intl Equity ETF | 0.38% | 473,739 | $8.8M | Reduce -49.4% |
| KO The Coca-Cola Co. | 0.37% | 137,491 | $8.6M | Reduce -0.7% |
| FIX Comfort Systems USA Inc. | 0.35% | 19,231 | $8.2M | Reduce -1.9% |
| MA Mastercard Inc. Class A | 0.34% | 15,098 | $7.9M | Reduce -1.1% |
| ORLY O'reilly Automotive Inc. | 0.34% | 6,619 | $7.8M | Reduce -2.0% |
| VTR Ventas Inc. | 0.33% | 130,358 | $7.7M | Reduce -1.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 14,980 | $7.7M | Add +0.2% |
| MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E | 0.33% | 319,301 | $7.6M | Reduce -0.9% |
| SYK Stryker Corp. | 0.32% | 20,769 | $7.5M | Reduce -1.1% |
| ADBE Adobe Inc. | 0.31% | 16,430 | $7.3M | Reduce -7.3% |
| JNJ Johnson & Johnson | 0.31% | 50,078 | $7.2M | Reduce -35.5% |
| SNPS Synopsys Inc. | 0.31% | 14,748 | $7.2M | New |
| XLI SS Industrial Select Sector | 0.30% | 53,902 | $7.1M | Reduce -0.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.30% | 213,332 | $7.1M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 0.30% | 13,103 | $7.1M | Add +8.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 157,736 | $6.9M | Add +0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 11,731 | $6.9M | Reduce -7.6% |
| RSP Invesco S&P 500 Equal Weight | 0.29% | 38,917 | $6.8M | Add +0.3% |
| GDEC FT Vest US Equity Moderate B | 0.28% | 195,207 | $6.6M | Add +3.8% |
| ACN Accenture PLC Class A | 0.28% | 18,650 | $6.6M | Reduce -1.9% |
| PH Parker Hannifin Corp. | 0.27% | 10,061 | $6.4M | Reduce -2.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.27% | 5,949 | $6.3M | Reduce -2.6% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 11,985 | $6.2M | Add +2.0% |
| XLY SS Consumer Disc Select Sect | 0.27% | 27,743 | $6.2M | Reduce -2.0% |
| QCOM Qualcomm Inc. | 0.26% | 39,072 | $6.0M | Reduce -1.0% |
| J Jacobs Solutions Inc. | 0.25% | 44,379 | $5.9M | Reduce -0.2% |
| MCHP Microchip Technology Inc. | 0.25% | 103,167 | $5.9M | New |
| AVDV Avantis Intl S/C Value ETF | 0.25% | 89,481 | $5.8M | Reduce -0.8% |
| CAT Caterpillar Inc. | 0.25% | 15,921 | $5.8M | Reduce -2.4% |
| VGT Vanguard Info Tech ETF | 0.25% | 9,250 | $5.8M | Reduce -2.6% |
| MRVL Marvell Technology Inc. | 0.24% | 51,347 | $5.7M | Reduce -4.1% |
| TLT iShares 20+ Year Treasury BD | 0.24% | 64,599 | $5.6M | Add +0.7% |
| ABBV Abbvie Inc. | 0.23% | 29,864 | $5.3M | Reduce -0.8% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.23% | 91,138 | $5.3M | Reduce -1.4% |
| NEE Nextera Energy Inc. | 0.22% | 72,957 | $5.2M | Reduce -1.7% |
| XLC SS Comm Select Sector SPDR | 0.22% | 53,650 | $5.2M | Reduce -1.5% |
| SCHD Schwab US DVD Equity ETF | 0.22% | 188,875 | $5.2M | Reduce -66.0% |
| TRGP Targa Resources Corp. | 0.22% | 28,850 | $5.1M | Reduce -2.6% |
| MRK Merck & Co. Inc. | 0.21% | 50,218 | $5.0M | Reduce -33.8% |
| ARES Ares Management Corp. Class A | 0.21% | 27,545 | $4.9M | Reduce -4.3% |
| PNC PNC Financial Services Group | 0.20% | 24,733 | $4.8M | Add +0.3% |
| BXSL Blackstone Secured Lending F | 0.20% | 143,635 | $4.6M | Reduce -0.1% |
| APP AppLovin Corp. Class A | 0.20% | 14,214 | $4.6M | Reduce -10.7% |
| ESGE iShares Inc. iShares ESG Awar | 0.20% | 136,624 | $4.6M | Reduce -1.8% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $40K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 22,000 | $22K | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 19,000 | $18K | No change |
Total filed on the 13F, all lines: $2.3B.
Portfolio Sells Q3 2024 → Q4 2024
| FBND Fidelity Total Bond ETF | Reduce -48.5% | 1.17% | −1.15 |
| JMBS Janus Henderson Mortg Backed | Reduce -53.6% | 0.59% | −0.71 |
| FIVA Fidelity Intl Val Fact ETF | Sold out | 0.00% | −0.70 |
| AMAT Applied Materials Inc. | Reduce -72.9% | 0.11% | −0.36 |
| PEP Pepsico Inc. | Reduce -94.2% | 0.02% | −0.31 |
| AMGN Amgen Inc. | Reduce -79.1% | 0.05% | −0.26 |
| JNJ Johnson & Johnson | Reduce -35.5% | 0.31% | −0.23 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | Reduce -82.0% | 0.05% | −0.23 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -5.0% | 0.80% | −0.13 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.13 |
| MRK Merck & Co. Inc. | Reduce -33.8% | 0.21% | −0.13 |
| LIN Linde PLC | Reduce -0.4% | 0.63% | −0.09 |
| SUB iShares Short-Term National | Reduce -87.9% | 0.01% | −0.08 |
| NVDA Nvidia Corp. | Reduce -0.9% | 1.11% | −0.06 |
| CACI Caci International Inc. Class A | Reduce -0.4% | 0.16% | −0.06 |
| JIRE JPMorgan Int Res Enh Eqty | Reduce -0.5% | 0.63% | −0.06 |
| ADBE Adobe Inc. | Reduce -7.3% | 0.31% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -0.4% | 0.43% | −0.05 |
| VTR Ventas Inc. | Reduce -1.6% | 0.33% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -1.7% | 0.22% | −0.04 |
| TT Trane Technologies PLC | Reduce -14.4% | 0.16% | −0.04 |
| PVBC Provident Bancorp Inc. | Reduce -84.5% | 0.01% | −0.03 |
| DFAE Dimensional Emerging Core Eq | Reduce -0.4% | 0.57% | −0.03 |
| JHEM John Hancock Multi Em MRK Et | Reduce -0.3% | 0.40% | −0.03 |
| KO The Coca-Cola Co. | Reduce -0.7% | 0.37% | −0.03 |
| VKTX Viking Therapeutics Inc. | Reduce -0.8% | 0.04% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 0.97% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.0% | 0.26% | −0.03 |
| FMC FMC Corp. | Sold out | 0.00% | −0.03 |
| ALLE Allegion PLC | Sold out | 0.00% | −0.03 |
| WING Wingstop Inc. | Sold out | 0.00% | −0.03 |
| RARE Ultragenyx Pharmaceutical Inc. | Sold out | 0.00% | −0.03 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -0.1% | 0.30% | −0.02 |
| ACGL Arch Capital Group Ltd. | Reduce -1.1% | 0.14% | −0.02 |
| CAT Caterpillar Inc. | Reduce -2.4% | 0.25% | −0.02 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Reduce -0.1% | 0.75% | −0.02 |
| CI The Cigna Group | Reduce -50.6% | 0.02% | −0.02 |
| CCK Crown Holdings Inc. | Reduce -51.0% | 0.02% | −0.02 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.6% | 0.29% | −0.02 |
| NXPI NXP Semiconductors NV | Reduce -1.9% | 0.12% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -49.4% | 0.38% | −0.02 |
| MSFT Microsoft Corp. | Reduce -0.0% | 2.73% | −0.02 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.46% | −0.02 |
| MHK Mohawk Industries Inc. | Sold out | 0.00% | −0.02 |
| GEM Goldman Sachs Activebeta Em | Reduce -1.9% | 0.19% | −0.02 |
| TFX Teleflex Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| BND Vanguard Total Bond Market | Add +11190.6% | 1.32% | +1.31 |
| MBB iShares MBS ETF | Add +3248.9% | 0.71% | +0.69 |
| FENI Fidelity Enhanced Intl ETF | New | 0.63% | +0.63 |
| SNPS Synopsys Inc. | New | 0.31% | +0.31 |
| AAPL Apple Inc. | Add +3.1% | 2.48% | +0.27 |
| MCHP Microchip Technology Inc. | New | 0.25% | +0.25 |
| IHE iShares US Pharmaceuticals E | New | 0.16% | +0.16 |
| USFR Wisdomtree Floating Rate Tre | Add +56.3% | 0.40% | +0.14 |
| PFE Pfizer Inc. | Add +487.5% | 0.17% | +0.14 |
| HASI Ha Sustainable Infrastructur | New | 0.10% | +0.10 |
| DHR Danaher Corp. | Add +132.2% | 0.19% | +0.10 |
| RPRX Royalty Pharma PLC Class A | New | 0.10% | +0.10 |
| AXSM Axsome Therapeutics Inc. | New | 0.10% | +0.10 |
| TSLA Tesla Inc. | Add +86.2% | 0.11% | +0.07 |
| INCY Incyte Corp. | New | 0.04% | +0.04 |
| BRBR Bellring Brands Inc. | Add +151.9% | 0.05% | +0.04 |
| RBLX Roblox Corp. Class A | Add +101.5% | 0.05% | +0.03 |
| PNQI Invesco Nasdaq Internet ETF | New | 0.03% | +0.03 |
| TEAM Atlassian Corp. Class A | Add +185.9% | 0.04% | +0.03 |
| MEDP Medpace Holdings Inc. | Add +179.7% | 0.05% | +0.03 |
| MCK McKesson Corp. | Add +200.0% | 0.04% | +0.03 |
| META Meta Platforms Inc. Class A | Add +2.4% | 0.50% | +0.03 |
| HOOD Robinhood Markets Inc. Class A | Add +51.3% | 0.05% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +8.1% | 0.30% | +0.03 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Add +3.1% | 0.87% | +0.02 |
| NFLX Netflix Inc. | Add +0.6% | 0.15% | +0.02 |
| EXEL Exelixis Inc. | Add +155.0% | 0.03% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +59.6% | 0.05% | +0.02 |
| KMX Carmax Inc. | Add +116.2% | 0.03% | +0.02 |
| CNC Centene Corp. | Add +66.9% | 0.05% | +0.02 |
| SNOW Snowflake Inc. | Add +83.5% | 0.03% | +0.02 |
| FBTC Fidelity Wise Origin Bitcoin | Add +91.8% | 0.03% | +0.02 |
| MPC Marathon Petroleum Corp. | Add +154.8% | 0.03% | +0.02 |
| USFD US Foods Holding Corp. | New | 0.02% | +0.02 |
| QDEL Quidelortho Corp. | New | 0.02% | +0.02 |
| GBDC Golub Capital BDC Inc. | New | 0.02% | +0.02 |
| SBAC SBA Communications Corp. | New | 0.02% | +0.02 |
| BIIB Biogen Inc. | Add +121.1% | 0.04% | +0.02 |
| ZS Zscaler Inc. | Add +95.4% | 0.03% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +50.5% | 0.03% | +0.02 |
| GRMN Garmin Ltd. | Add +84.2% | 0.03% | +0.02 |
| TPR Tapestry Inc. | Add +0.3% | 0.05% | +0.02 |
| APPF Appfolio Inc. Class A | Add +17.7% | 0.04% | +0.02 |
| SMAR Smartsheet Inc. Class A | Add +30.1% | 0.06% | +0.01 |
| PM Philip Morris International | Add +135.7% | 0.03% | +0.01 |
| FTNT Fortinet Inc. | Add +0.8% | 0.09% | +0.01 |
| ARKB ARK 21SHARES Bitcoin ETF | New | 0.01% | +0.01 |
| NTRA Natera Inc. | Add +6.1% | 0.05% | +0.01 |
| MOH Molina Healthcare Inc. | Add +132.9% | 0.03% | +0.01 |
| OVV Ovintiv Inc. | Add +128.4% | 0.02% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Sold out | 25,000 | $24Kbefore exit |
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 |