Pallas Capital Advisors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2025), Pallas Capital Advisors LLC reported 762 stock positions worth $2.4 billion. Its top holding was Bruker (BRKR) at 16.5% of the portfolio, followed by Global Partners (GLP, 3.6%) and Apple (AAPL, 2.4%). Compared with Q4 2024, it opened 226 new positions, sold out of 44, added to 355 and reduced 151. The biggest buy was Janus Henderson Mortg Backed (JMBS, shares +288%) and the biggest sale Vanguard Total Bond Market (BND, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- BRAINTREE, MA
- CIK
- 0001862282
- Portfolio Value
- $2.4B (Q1 2025)
- SEC Filing
- 0001951757-25-000348 ↗ filed Apr 14, 2025
Holdings Value
Holdings 762 stocks · $2.4B
| BRKR Bruker Corp. | 16.46% | 9,495,686 | $396.3M | Add +0.1% |
| GLP Global Partners LP | 3.55% | 1,601,904 | $85.5M | Add +8.1% |
| AAPL Apple Inc. | 2.42% | 261,880 | $58.2M | Add +13.4% |
| MSFT Microsoft Corp. | 2.39% | 153,358 | $57.6M | Add +1.4% |
| JMBS Janus Henderson Mortg Backed | 2.28% | 1,212,305 | $54.8M | Add +288.4% |
| AMZN Amazon.com Inc. | 1.86% | 235,255 | $44.8M | Add +0.4% |
| FBND Fidelity Total Bond ETF | 1.61% | 850,394 | $38.8M | Add +39.3% |
| JBND JPMorgan Active Bond ETF | 1.40% | 628,163 | $33.6M | Reduce -21.2% |
| GOOGL Alphabet Inc. Class A | 1.13% | 176,451 | $27.3M | Add +1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.12% | 50,815 | $27.1M | Add +1.3% |
| NVDA Nvidia Corp. | 1.02% | 227,656 | $24.7M | Add +17.5% |
| JPM JPMorgan Chase & Co. | 0.98% | 96,296 | $23.6M | Reduce -6.8% |
| AVGO Broadcom Inc. | 0.97% | 140,191 | $23.5M | Add +2.1% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.94% | 435,384 | $22.5M | Add +11.1% |
| XOM Exxon Mobil Corp. | 0.88% | 177,396 | $21.1M | Add +2.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.80% | 369,803 | $19.4M | New |
| GSIE Goldman Sachs Activebeta Int | 0.78% | 528,254 | $18.8M | Add +1.1% |
| IQLT iShares MSCI International Q | 0.78% | 472,738 | $18.8M | Add +1.7% |
| DFAI Dimensional International Co. | 0.78% | 599,780 | $18.7M | Add +1.8% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.77% | 303,354 | $18.7M | Add +2.3% |
| V Visa Inc. Class A | 0.75% | 51,395 | $18.0M | Add +8.7% |
| PG The Procter & Gamble Co. | 0.71% | 100,543 | $17.1M | Add +4.1% |
| SCMB Schwab Municipal Bond ETF | 0.71% | 669,251 | $17.0M | Add +24.0% |
| LIN Linde PLC | 0.70% | 36,407 | $17.0M | Add +3.1% |
| JBBB Janus Henderson B-BBB Clo Et | 0.68% | 338,699 | $16.5M | Add +6151.4% |
| LLY Eli Lilly & Co. | 0.68% | 19,808 | $16.4M | Add +15.5% |
| JIRE JPMorgan Int Res Enh Eqty | 0.67% | 251,528 | $16.0M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 0.66% | 28,364 | $15.9M | Add +0.0% |
| FENI Fidelity Enhanced Intl ETF | 0.66% | 535,057 | $15.9M | Add +0.6% |
| JNJ Johnson & Johnson | 0.63% | 92,164 | $15.3M | Add +84.0% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.62% | 618,710 | $14.8M | Reduce -37.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.58% | 114,806 | $14.0M | Add +9.5% |
| DFAE Dimensional Emerging Core Eq | 0.57% | 533,026 | $13.8M | Add +1.4% |
| XLK SS Technology Select Sector | 0.57% | 66,810 | $13.8M | Reduce -8.5% |
| USIG iShares Broad Usd Investment | 0.57% | 269,797 | $13.8M | Add +30.6% |
| META Meta Platforms Inc. Class A | 0.55% | 22,934 | $13.2M | Add +14.8% |
| ABT Abbott Laboratories | 0.55% | 99,333 | $13.2M | Add +3.5% |
| UNH Unitedhealth Group Inc. | 0.51% | 23,471 | $12.3M | Add +16.9% |
| GOOG Alphabet Inc. Class C | 0.50% | 76,409 | $11.9M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.48% | 12,270 | $11.6M | Add +17.2% |
| IEF iShares 7-10 Year Treasury B | 0.47% | 118,633 | $11.3M | Reduce -37.6% |
| USFR Wisdomtree Floating Rate Tre | 0.46% | 221,924 | $11.2M | Add +19.0% |
| CRM Salesforce Inc. | 0.44% | 39,285 | $10.5M | Add +9.8% |
| DFIV Dimensional International Va | 0.43% | 264,920 | $10.4M | Add +3.2% |
| LNG Cheniere Energy Inc. | 0.43% | 44,955 | $10.4M | Add +7.8% |
| KO The Coca-Cola Co. | 0.43% | 143,382 | $10.3M | Add +4.3% |
| ORCL Oracle Corp. | 0.42% | 71,773 | $10.0M | Add +6.9% |
| JEMA JPMorgan Activebuilders Emer | 0.42% | 261,891 | $10.0M | Add +3.6% |
| VPU Vanguard Utilities ETF | 0.42% | 58,529 | $10.0M | Add +7.6% |
| JHEM John Hancock Multi Em MRK Et | 0.41% | 373,445 | $10.0M | Add +3.9% |
| ORLY O'reilly Automotive Inc. | 0.41% | 6,900 | $9.9M | Add +4.3% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 0.41% | 318,932 | $9.8M | Add +3.7% |
| SCHF Schwab Intl Equity ETF | 0.40% | 490,424 | $9.7M | Add +3.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.40% | 409,620 | $9.7M | Reduce -0.5% |
| DOV Dover Corp. | 0.39% | 53,899 | $9.5M | Add +8.1% |
| HYBL SS Blackstone High Inc. ETF | 0.38% | 329,521 | $9.3M | New |
| XLV SS Health Care Select Sector | 0.38% | 63,308 | $9.2M | Reduce -7.5% |
| EMR Emerson Electric Co. | 0.37% | 81,165 | $8.9M | Add +5.2% |
| MRK Merck & Co. Inc. | 0.37% | 98,833 | $8.9M | Add +96.8% |
| MA Mastercard Inc. Class A | 0.36% | 15,820 | $8.7M | Add +4.8% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 48,326 | $8.4M | Add +24.2% |
| ADBE Adobe Inc. | 0.34% | 21,265 | $8.2M | Add +29.4% |
| XLF SS Financial Select Sector | 0.34% | 163,654 | $8.2M | Reduce -9.9% |
| QCOM Qualcomm Inc. | 0.33% | 51,248 | $7.9M | Add +31.2% |
| MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E | 0.32% | 327,653 | $7.7M | Add +2.6% |
| VTR Ventas Inc. | 0.31% | 109,453 | $7.5M | Reduce -16.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 177,797 | $7.4M | Add +12.7% |
| SNPS Synopsys Inc. | 0.31% | 17,266 | $7.4M | Add +17.1% |
| SYK Stryker Corp. | 0.29% | 19,078 | $7.1M | Reduce -8.1% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.29% | 194,740 | $7.0M | Reduce -8.7% |
| VOO Vanguard S&P 500 ETF | 0.28% | 13,165 | $6.8M | Add +0.5% |
| PNC PNC Financial Services Group | 0.28% | 37,958 | $6.7M | Add +53.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 14,184 | $6.7M | Reduce -5.3% |
| PJAN Innovator U.S. Equity Power | 0.27% | 157,065 | $6.5M | Add +82.1% |
| PH Parker Hannifin Corp. | 0.27% | 10,652 | $6.5M | Add +5.9% |
| XLI SS Industrial Select Sector | 0.27% | 49,291 | $6.5M | Reduce -8.6% |
| ABBV Abbvie Inc. | 0.27% | 30,570 | $6.4M | Add +2.4% |
| ZALT Innovator US Eq 10 Buffer | 0.26% | 213,378 | $6.4M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 11,285 | $6.3M | Reduce -3.8% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 12,625 | $6.3M | Add +5.3% |
| UBER Uber Technologies Inc. | 0.26% | 85,835 | $6.3M | Add +471.6% |
| ACN Accenture PLC Class A | 0.26% | 19,973 | $6.2M | Add +7.1% |
| AVDV Avantis Intl S/C Value ETF | 0.25% | 86,978 | $6.1M | Reduce -2.8% |
| TLT iShares 20+ Year Treasury BD | 0.25% | 66,022 | $6.0M | Add +2.2% |
| FIX Comfort Systems USA Inc. | 0.24% | 18,306 | $5.9M | Reduce -4.8% |
| VST Vistra Corp. | 0.24% | 50,152 | $5.9M | Reduce -23.8% |
| J Jacobs Solutions Inc. | 0.24% | 47,399 | $5.7M | Add +6.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 20,672 | $5.7M | Add +186.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.23% | 5,695 | $5.6M | Reduce -4.3% |
| DHR Danaher Corp. | 0.23% | 27,243 | $5.6M | Add +41.3% |
| MCHP Microchip Technology Inc. | 0.22% | 111,727 | $5.4M | Add +8.3% |
| CAT Caterpillar Inc. | 0.22% | 16,382 | $5.4M | Add +2.9% |
| NEE Nextera Energy Inc. | 0.22% | 75,206 | $5.3M | Add +3.1% |
| PANW Palo Alto Networks Inc. | 0.22% | 30,633 | $5.2M | Add +27.6% |
| RBUF Invv US SML C 10 B ETF-QRT | 0.22% | 200,389 | $5.2M | New |
| SCHD Schwab US DVD Equity ETF | 0.22% | 186,558 | $5.2M | Reduce -1.2% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.21% | 86,231 | $5.0M | Reduce -5.4% |
| VGT Vanguard Info Tech ETF | 0.21% | 9,199 | $5.0M | Reduce -0.6% |
| XLY SS Consumer Disc Select Sect | 0.21% | 25,228 | $5.0M | Reduce -9.1% |
| VMBS Vanguard Mortgage-Backed Sec | 0.20% | 104,741 | $4.9M | Reduce -82.9% |
Portfolio Sells Q4 2024 → Q1 2025
| BND Vanguard Total Bond Market | Reduce -98.7% | 0.02% | −1.30 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -82.9% | 0.20% | −0.99 |
| MBB iShares MBS ETF | Reduce -96.6% | 0.02% | −0.69 |
| MMIT Nylim Mackay Muni Intermedia | Reduce -37.5% | 0.62% | −0.40 |
| JBND JPMorgan Active Bond ETF | Reduce -21.2% | 1.40% | −0.39 |
| IEF iShares 7-10 Year Treasury B | Reduce -37.6% | 0.47% | −0.28 |
| GDEC FT Vest US Equity Moderate B | Reduce -57.1% | 0.12% | −0.17 |
| IHE iShares US Pharmaceuticals E | Sold out | 0.00% | −0.16 |
| XLK SS Technology Select Sector | Reduce -8.5% | 0.57% | −0.15 |
| VST Vistra Corp. | Reduce -23.8% | 0.24% | −0.14 |
| XPO Xpo Inc. | Reduce -89.4% | 0.01% | −0.14 |
| UAUG Innovator U.S. Equity Ultra | Reduce -77.8% | 0.04% | −0.13 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 0.50% | −0.13 |
| PFE Pfizer Inc. | Reduce -66.8% | 0.05% | −0.12 |
| FIX Comfort Systems USA Inc. | Reduce -4.8% | 0.24% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -6.8% | 0.98% | −0.08 |
| APP AppLovin Corp. Class A | Reduce -20.9% | 0.12% | −0.07 |
| MAR Marriott International Class A | Reduce -35.0% | 0.09% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -54.5% | 0.04% | −0.07 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.06 |
| TSLA Tesla Inc. | Reduce -29.6% | 0.05% | −0.06 |
| XLY SS Consumer Disc Select Sect | Reduce -9.1% | 0.21% | −0.06 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.3% | 0.28% | −0.05 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | Sold out | 0.00% | −0.05 |
| TT Trane Technologies PLC | Reduce -19.7% | 0.11% | −0.05 |
| VAC Marriott Vacations World | Reduce -7.1% | 0.08% | −0.04 |
| SAM Boston Beer Company Inc. Class A | Sold out | 0.00% | −0.04 |
| VGT Vanguard Info Tech ETF | Reduce -0.6% | 0.21% | −0.04 |
| XLF SS Financial Select Sector | Reduce -9.9% | 0.34% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -8.6% | 0.27% | −0.04 |
| GWW WW Grainger Inc. | Reduce -4.3% | 0.23% | −0.03 |
| PNQI Invesco Nasdaq Internet ETF | Sold out | 0.00% | −0.03 |
| NBIX Neurocrine Biosciences Inc. | Reduce -66.1% | 0.01% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.8% | 0.26% | −0.03 |
| APPF Appfolio Inc. Class A | Reduce -65.2% | 0.01% | −0.03 |
| WST West Pharmaceutical Services | Reduce -0.5% | 0.06% | −0.03 |
| XLC SS Comm Select Sector SPDR | Reduce -9.7% | 0.19% | −0.03 |
| WDAY Workday Inc. Class A | Reduce -47.7% | 0.02% | −0.03 |
| GJUL FT Vest US Equity Moderate B | Reduce -39.6% | 0.04% | −0.03 |
| SYK Stryker Corp. | Reduce -8.1% | 0.29% | −0.03 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.03 |
| ETHE Grayscale Ethereum Staking E | Sold out | 0.00% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.02 |
| TRGP Targa Resources Corp. | Reduce -18.3% | 0.20% | −0.02 |
| TRU Transunion | Sold out | 0.00% | −0.02 |
| TDC Teradata Corp. | Sold out | 0.00% | −0.02 |
| NFLX Netflix Inc. | Reduce -14.9% | 0.13% | −0.02 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.02 |
| INSP Inspire Medical Systems Inc. | Reduce -51.0% | 0.01% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -7.5% | 0.38% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| JMBS Janus Henderson Mortg Backed | Add +288.4% | 2.28% | +1.69 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.80% | +0.80 |
| JBBB Janus Henderson B-BBB Clo Et | Add +6151.4% | 0.68% | +0.67 |
| GLP Global Partners LP | Add +8.1% | 3.55% | +0.60 |
| FBND Fidelity Total Bond ETF | Add +39.3% | 1.61% | +0.44 |
| HYBL SS Blackstone High Inc. ETF | New | 0.38% | +0.38 |
| JNJ Johnson & Johnson | Add +84.0% | 0.63% | +0.32 |
| ZALT Innovator US Eq 10 Buffer | New | 0.26% | +0.26 |
| UBER Uber Technologies Inc. | Add +471.6% | 0.26% | +0.22 |
| RBUF Invv US SML C 10 B ETF-QRT | New | 0.22% | +0.22 |
| MRK Merck & Co. Inc. | Add +96.8% | 0.37% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.3% | 1.12% | +0.15 |
| VTI VG Morningstar TS MKT ETF-US | Add +186.4% | 0.24% | +0.15 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +248.8% | 0.20% | +0.14 |
| USIG iShares Broad Usd Investment | Add +30.6% | 0.57% | +0.13 |
| SNOW Snowflake Inc. | Add +388.4% | 0.15% | +0.11 |
| PJAN Innovator U.S. Equity Power | Add +82.1% | 0.27% | +0.11 |
| LLY Eli Lilly & Co. | Add +15.5% | 0.68% | +0.11 |
| SCMB Schwab Municipal Bond ETF | Add +24.0% | 0.71% | +0.11 |
| V Visa Inc. Class A | Add +8.7% | 0.75% | +0.11 |
| VRSN Verisign Inc. | Add +179.1% | 0.15% | +0.11 |
| SFLR Innovator Eqty MGD Floor ETF | New | 0.11% | +0.11 |
| GE General Electric | Add +125.2% | 0.17% | +0.10 |
| RBLX Roblox Corp. Class A | Add +196.8% | 0.15% | +0.10 |
| AIG American International Group | Add +569.5% | 0.11% | +0.10 |
| COP Conocophillips | Add +226.8% | 0.14% | +0.10 |
| CNC Centene Corp. | Add +195.9% | 0.15% | +0.09 |
| GM General Motors Co. | Add +285.4% | 0.13% | +0.09 |
| DASH DoorDash Inc. Class A | Add +470.5% | 0.11% | +0.09 |
| HUM Humana Inc. | New | 0.09% | +0.09 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.09% | +0.09 |
| PM Philip Morris International | Add +227.8% | 0.11% | +0.09 |
| ABT Abbott Laboratories | Add +3.5% | 0.55% | +0.08 |
| XOM Exxon Mobil Corp. | Add +2.6% | 0.88% | +0.08 |
| NOC Northrop Grumman Corp. | Add +555.7% | 0.09% | +0.08 |
| CME Cme Group Inc. | Add +83.1% | 0.15% | +0.08 |
| FTNT Fortinet Inc. | Add +85.5% | 0.17% | +0.08 |
| ABNB Airbnb Inc. Class A | Add +111.5% | 0.16% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +16.9% | 0.51% | +0.08 |
| EIX Edison International | New | 0.08% | +0.08 |
| AXSM Axsome Therapeutics Inc. | Add +33.5% | 0.17% | +0.08 |
| ORLY O'reilly Automotive Inc. | Add +4.3% | 0.41% | +0.07 |
| MOH Molina Healthcare Inc. | Add +252.6% | 0.10% | +0.07 |
| PNC PNC Financial Services Group | Add +53.5% | 0.28% | +0.07 |
| COST Costco Wholesale Corp. | Add +17.2% | 0.48% | +0.07 |
| LIN Linde PLC | Add +3.1% | 0.70% | +0.07 |
| QCOM Qualcomm Inc. | Add +31.2% | 0.33% | +0.07 |
| APH Amphenol Corp. Class A | New | 0.07% | +0.07 |
| ANET Arista Networks Inc. | Add +227.0% | 0.13% | +0.07 |
| HUN Huntsman Corp. | Add +436.8% | 0.09% | +0.07 |
Notes & Other Activity Q4 2024 → Q1 2025
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | Sold out | 22,000 | $22Kbefore exit |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 19,000 | $18Kbefore 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 |