Pallas Capital Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 9, 2025), Pallas Capital Advisors LLC reported 858 stock positions worth $2.6 billion. Its top holding was Bruker (BRKR) at 14.9% of the portfolio, followed by Global Partners (GLP, 3.3%) and Microsoft (MSFT, 2.9%). Compared with Q1 2025, it opened 185 new positions, sold out of 89, added to 338 and reduced 311. The biggest buy was Schwab Fndmn Intl LRG Co. ETF (FNDF, shares +295%) and the biggest sale Goldman Sachs Activebeta Int (GSIE, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- BRAINTREE, MA
- CIK
- 0001862282
- Portfolio Value
- $2.6B (Q2 2025)
- SEC Filing
- 0001951757-25-000599 ↗ filed Jul 9, 2025
Holdings Value
Holdings 858 stocks · $2.6B
| BRKR Bruker Corp. | 14.91% | 9,501,249 | $391.5M | Add +0.1% |
| GLP Global Partners LP | 3.27% | 1,627,973 | $85.8M | Add +1.6% |
| MSFT Microsoft Corp. | 2.90% | 153,069 | $76.1M | Reduce -0.2% |
| JMBS Janus Henderson Mortg Backed | 2.42% | 1,408,330 | $63.4M | Add +16.2% |
| AAPL Apple Inc. | 1.97% | 252,484 | $51.8M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 1.97% | 235,976 | $51.8M | Add +0.3% |
| NVDA Nvidia Corp. | 1.75% | 291,000 | $46.0M | Add +27.8% |
| FBND Fidelity Total Bond ETF | 1.36% | 781,056 | $35.7M | Reduce -8.2% |
| JBND JPMorgan Active Bond ETF | 1.25% | 612,640 | $32.8M | Reduce -2.5% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.17% | 768,864 | $30.8M | Add +294.8% |
| GOOGL Alphabet Inc. Class A | 1.17% | 173,847 | $30.6M | Reduce -1.5% |
| AVGO Broadcom Inc. | 1.15% | 109,538 | $30.2M | Reduce -21.9% |
| DFIV Dimensional International Va | 1.11% | 678,763 | $29.1M | Add +156.2% |
| FENI Fidelity Enhanced Intl ETF | 1.09% | 859,169 | $28.6M | Add +60.6% |
| JPM JPMorgan Chase & Co. | 1.07% | 96,629 | $28.0M | Add +0.3% |
| DFAI Dimensional International Co. | 1.05% | 798,187 | $27.6M | Add +33.1% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 1.05% | 408,701 | $27.6M | Add +34.7% |
| JIRE JPMorgan Int Res Enh Eqty | 0.95% | 351,234 | $24.9M | Add +39.6% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.94% | 477,253 | $24.8M | Add +9.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.93% | 50,006 | $24.3M | Reduce -1.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.90% | 445,975 | $23.6M | Add +20.6% |
| JBBB Janus Henderson B-BBB Clo Et | 0.76% | 413,939 | $20.0M | Add +22.2% |
| SCMB Schwab Municipal Bond ETF | 0.72% | 755,515 | $19.0M | Add +12.9% |
| XOM Exxon Mobil Corp. | 0.72% | 175,264 | $18.9M | Reduce -1.2% |
| V Visa Inc. Class A | 0.69% | 50,918 | $18.1M | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 0.67% | 28,235 | $17.5M | Reduce -0.5% |
| JEMA JPMorgan Activebuilders Emer | 0.64% | 393,078 | $16.9M | Add +50.1% |
| JHEM John Hancock Multi Em MRK Et | 0.64% | 575,473 | $16.8M | Add +54.1% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 0.64% | 486,194 | $16.8M | Add +52.4% |
| DFAE Dimensional Emerging Core Eq | 0.64% | 578,272 | $16.7M | Add +8.5% |
| LIN Linde PLC | 0.64% | 35,593 | $16.7M | Reduce -2.2% |
| META Meta Platforms Inc. Class A | 0.61% | 21,616 | $16.0M | Reduce -5.8% |
| USIG iShares Broad Usd Investment | 0.61% | 310,087 | $16.0M | Add +14.9% |
| PG The Procter & Gamble Co. | 0.61% | 99,910 | $15.9M | Reduce -0.6% |
| ORCL Oracle Corp. | 0.55% | 66,290 | $14.5M | Reduce -7.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.55% | 116,256 | $14.4M | Add +1.3% |
| LLY Eli Lilly & Co. | 0.53% | 17,687 | $13.8M | Reduce -10.7% |
| ABT Abbott Laboratories | 0.53% | 101,340 | $13.8M | Add +2.0% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.52% | 576,031 | $13.7M | Reduce -6.9% |
| GOOG Alphabet Inc. Class C | 0.52% | 76,321 | $13.5M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.51% | 88,017 | $13.4M | Reduce -4.5% |
| COST Costco Wholesale Corp. | 0.46% | 12,118 | $12.0M | Reduce -1.2% |
| USFR Wisdomtree Floating Rate Tre | 0.45% | 233,236 | $11.7M | Add +5.1% |
| HYBL SS Blackstone High Inc. ETF | 0.44% | 407,600 | $11.7M | Add +23.7% |
| FIX Comfort Systems USA Inc. | 0.44% | 21,420 | $11.5M | Add +17.0% |
| DOV Dover Corp. | 0.43% | 61,277 | $11.2M | Add +13.7% |
| CRM Salesforce Inc. | 0.43% | 41,159 | $11.2M | Add +4.8% |
| LNG Cheniere Energy Inc. | 0.42% | 44,743 | $10.9M | Reduce -0.5% |
| XLK SS Technology Select Sector | 0.41% | 42,878 | $10.9M | Reduce -35.8% |
| EMR Emerson Electric Co. | 0.41% | 80,801 | $10.8M | Reduce -0.5% |
| IVW iShares S&P 500 Growth ETF | 0.41% | 97,659 | $10.8M | Add +193.9% |
| VPU Vanguard Utilities ETF | 0.39% | 58,512 | $10.3M | Reduce -0.0% |
| KO The Coca-Cola Co. | 0.39% | 143,117 | $10.1M | Reduce -0.2% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.38% | 409,622 | $10.1M | Add +0.0% |
| IEF iShares 7-10 Year Treasury B | 0.38% | 104,443 | $10.0M | Reduce -12.0% |
| VST Vistra Corp. | 0.38% | 51,491 | $10.0M | Add +2.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 198,618 | $9.4M | Add +11.7% |
| PNC PNC Financial Services Group | 0.35% | 49,942 | $9.3M | Add +31.6% |
| ORLY O'reilly Automotive Inc. | 0.34% | 98,001 | $8.8M | Reduce -5.3% |
| MA Mastercard Inc. Class A | 0.34% | 15,648 | $8.8M | Reduce -1.1% |
| RSP Invesco S&P 500 Equal Weight | 0.33% | 47,582 | $8.6M | Reduce -1.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 15,523 | $8.6M | Add +9.4% |
| NFLX Netflix Inc. | 0.31% | 6,066 | $8.1M | Add +83.3% |
| UBER Uber Technologies Inc. | 0.31% | 86,171 | $8.0M | Add +0.4% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.30% | 249,329 | $7.9M | Add +53.6% |
| MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E | 0.30% | 339,146 | $7.9M | Add +3.5% |
| RBLX Roblox Corp. Class A | 0.29% | 73,368 | $7.7M | Add +18.2% |
| SYK Stryker Corp. | 0.29% | 18,983 | $7.5M | Reduce -0.5% |
| PH Parker Hannifin Corp. | 0.28% | 10,672 | $7.5M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 0.28% | 13,111 | $7.4M | Reduce -0.4% |
| ADBE Adobe Inc. | 0.28% | 19,104 | $7.4M | Reduce -10.2% |
| ZALT Innovator US Eq 10 Buffer | 0.27% | 232,937 | $7.2M | Add +9.2% |
| JQUA JPMorgan US Quality Factor | 0.27% | 116,353 | $7.0M | Add +2715.2% |
| J Jacobs Solutions Inc. | 0.26% | 52,674 | $6.9M | Add +11.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 10,978 | $6.8M | Reduce -2.7% |
| VTR Ventas Inc. | 0.26% | 106,586 | $6.7M | Reduce -2.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.25% | 163,663 | $6.5M | New |
| ACN Accenture PLC Class A | 0.24% | 20,676 | $6.2M | Add +3.5% |
| TLT iShares 20+ Year Treasury BD | 0.23% | 69,683 | $6.1M | Add +5.5% |
| RBUF Invv US SML C 10 B ETF-QRT | 0.23% | 224,234 | $6.1M | Add +11.9% |
| VGT Vanguard Info Tech ETF | 0.23% | 9,103 | $6.0M | Reduce -1.0% |
| PJAN Innovator U.S. Equity Power | 0.22% | 132,013 | $5.8M | Reduce -15.9% |
| ABBV Abbvie Inc. | 0.22% | 31,309 | $5.8M | Add +2.4% |
| ETN Eaton Corp. PLC | 0.22% | 16,203 | $5.8M | Reduce -6.0% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.22% | 5,538 | $5.8M | Reduce -2.8% |
| DHR Danaher Corp. | 0.22% | 29,018 | $5.7M | Add +6.5% |
| PANW Palo Alto Networks Inc. | 0.21% | 27,553 | $5.6M | Reduce -10.1% |
| XLF SS Financial Select Sector | 0.21% | 105,618 | $5.5M | Reduce -35.5% |
| SNOW Snowflake Inc. | 0.21% | 24,444 | $5.5M | Add +0.3% |
| MRVL Marvell Technology Inc. | 0.21% | 70,375 | $5.4M | Reduce -9.6% |
| CTVA Corteva Inc. | 0.20% | 71,149 | $5.3M | Reduce -0.2% |
| NEE Nextera Energy Inc. | 0.20% | 74,718 | $5.2M | Reduce -0.7% |
| VRSN Verisign Inc. | 0.19% | 17,717 | $5.1M | Add +21.7% |
| ARES Ares Management Corp. Class A | 0.19% | 29,466 | $5.1M | Add +1.5% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 19,474 | $5.0M | Reduce -3.1% |
| SCHD Schwab US DVD Equity ETF | 0.18% | 179,850 | $4.8M | Reduce -3.6% |
| MRK Merck & Co. Inc. | 0.18% | 58,541 | $4.6M | Reduce -40.8% |
| CACI Caci International Inc. Class A | 0.18% | 9,648 | $4.6M | Reduce -1.5% |
| BXSL Blackstone Secured Lending F | 0.17% | 149,005 | $4.6M | Add +2.0% |
| DTE DTE Energy Company | 0.17% | 34,000 | $4.5M | Add +0.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $19K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 19,000 | $19K | New |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q1 2025 → Q2 2025
| GSIE Goldman Sachs Activebeta Int | Reduce -95.5% | 0.04% | −0.75 |
| IQLT iShares MSCI International Q | Reduce -95.0% | 0.04% | −0.74 |
| AAPL Apple Inc. | Reduce -3.6% | 1.97% | −0.44 |
| UNH Unitedhealth Group Inc. | Reduce -72.4% | 0.08% | −0.43 |
| SCHF Schwab Intl Equity ETF | Reduce -96.9% | 0.01% | −0.39 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.31 |
| QCOM Qualcomm Inc. | Reduce -89.4% | 0.03% | −0.29 |
| AVDV Avantis Intl S/C Value ETF | Sold out | 0.00% | −0.25 |
| FBND Fidelity Total Bond ETF | Reduce -8.2% | 1.36% | −0.25 |
| TMO Thermo Fisher Scientific Inc. | Reduce -83.5% | 0.03% | −0.23 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.22 |
| XLI SS Industrial Select Sector | Reduce -80.4% | 0.05% | −0.21 |
| XLV SS Health Care Select Sector | Reduce -47.3% | 0.17% | −0.21 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.93% | −0.20 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.19 |
| MRK Merck & Co. Inc. | Reduce -40.8% | 0.18% | −0.19 |
| GEM Goldman Sachs Activebeta Em | Sold out | 0.00% | −0.19 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -88.5% | 0.02% | −0.19 |
| XLK SS Technology Select Sector | Reduce -35.8% | 0.41% | −0.16 |
| XOM Exxon Mobil Corp. | Reduce -1.2% | 0.72% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -10.7% | 0.53% | −0.15 |
| CAT Caterpillar Inc. | Reduce -68.7% | 0.08% | −0.15 |
| JBND JPMorgan Active Bond ETF | Reduce -2.5% | 1.25% | −0.15 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -61.4% | 0.09% | −0.14 |
| DIS The Walt Disney Co. | Reduce -85.6% | 0.03% | −0.13 |
| XLF SS Financial Select Sector | Reduce -35.5% | 0.21% | −0.13 |
| JNJ Johnson & Johnson | Reduce -4.5% | 0.51% | −0.12 |
| GDEC FT Vest US Equity Moderate B | Sold out | 0.00% | −0.12 |
| COP Conocophillips | Reduce -77.2% | 0.02% | −0.11 |
| XLY SS Consumer Disc Select Sect | Reduce -54.5% | 0.10% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.61% | −0.11 |
| CNC Centene Corp. | Reduce -59.0% | 0.05% | −0.10 |
| MMIT Nylim Mackay Muni Intermedia | Reduce -6.9% | 0.52% | −0.09 |
| IEF iShares 7-10 Year Treasury B | Reduce -12.0% | 0.38% | −0.09 |
| CMCSA Comcast Corp. Class A | Reduce -53.4% | 0.06% | −0.08 |
| ABNB Airbnb Inc. Class A | Reduce -50.5% | 0.08% | −0.08 |
| NXPI NXP Semiconductors NV | Reduce -72.4% | 0.03% | −0.08 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.07 |
| ORLY O'reilly Automotive Inc. | Reduce -5.3% | 0.34% | −0.07 |
| XLP SS Consumer Staples Sel Sect | Reduce -38.3% | 0.09% | −0.07 |
| LIN Linde PLC | Reduce -2.2% | 0.64% | −0.07 |
| SOXX iShares Semiconductor ETF | Sold out | 0.00% | −0.07 |
| HUM Humana Inc. | Reduce -70.1% | 0.02% | −0.07 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.07 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.06 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.06 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.06 |
| V Visa Inc. Class A | Reduce -0.9% | 0.69% | −0.06 |
| SPDW Ste STR SPDR PT DW Eu ETF | Sold out | 0.00% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +294.8% | 1.17% | +0.88 |
| NVDA Nvidia Corp. | Add +27.8% | 1.75% | +0.73 |
| DFIV Dimensional International Va | Add +156.2% | 1.11% | +0.67 |
| FENI Fidelity Enhanced Intl ETF | Add +60.6% | 1.09% | +0.43 |
| IVW iShares S&P 500 Growth ETF | Add +193.9% | 0.41% | +0.28 |
| JIRE JPMorgan Int Res Enh Eqty | Add +39.6% | 0.95% | +0.28 |
| BBIN JPM Betabuilders Intl Eqty | Add +34.7% | 1.05% | +0.28 |
| DFAI Dimensional International Co. | Add +33.1% | 1.05% | +0.27 |
| JQUA JPMorgan US Quality Factor | Add +2715.2% | 0.27% | +0.26 |
| CGDV Cap Group Dividend Value | New | 0.25% | +0.25 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Add +52.4% | 0.64% | +0.23 |
| JEMA JPMorgan Activebuilders Emer | Add +50.1% | 0.64% | +0.23 |
| JHEM John Hancock Multi Em MRK Et | Add +54.1% | 0.64% | +0.23 |
| FIX Comfort Systems USA Inc. | Add +17.0% | 0.44% | +0.19 |
| NFLX Netflix Inc. | Add +83.3% | 0.31% | +0.18 |
| VTHR Vanguard Russell 3000 | New | 0.16% | +0.16 |
| RBLX Roblox Corp. Class A | Add +18.2% | 0.29% | +0.14 |
| JMBS Janus Henderson Mortg Backed | Add +16.2% | 2.42% | +0.14 |
| VST Vistra Corp. | Add +2.7% | 0.38% | +0.14 |
| AMZN Amazon.com Inc. | Add +0.3% | 1.97% | +0.11 |
| RTX RTX Corp. | Add +450.6% | 0.13% | +0.11 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +532.6% | 0.12% | +0.10 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +53.6% | 0.30% | +0.10 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +20.6% | 0.90% | +0.09 |
| VEEV Veeva Systems Inc. Class A | Add +311.8% | 0.12% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 1.07% | +0.09 |
| COF Capital One Financial Corp. | Add +156.2% | 0.12% | +0.08 |
| PNC PNC Financial Services Group | Add +31.6% | 0.35% | +0.08 |
| LYFT LYFT Inc. Class A | Add +183.4% | 0.11% | +0.08 |
| LGLV SPDR US LC Low Vol Idx | New | 0.08% | +0.08 |
| JBBB Janus Henderson B-BBB Clo Et | Add +22.2% | 0.76% | +0.08 |
| A Agilent Technologies Inc. | New | 0.08% | +0.08 |
| TOL Toll Brothers Inc. | Add +352.8% | 0.09% | +0.07 |
| MNST Monster Beverage Corp. | New | 0.07% | +0.07 |
| EVR Evercore Inc. Class A | New | 0.07% | +0.07 |
| SMLF iShares US Smallcap Equity F | New | 0.07% | +0.07 |
| DAL Delta Air Lines Inc. | Add +326.4% | 0.09% | +0.07 |
| TXRH Texas Roadhouse Inc. | Add +89.2% | 0.13% | +0.07 |
| DFAE Dimensional Emerging Core Eq | Add +8.5% | 0.64% | +0.06 |
| ILMN Illumina Inc. | Add +161.0% | 0.10% | +0.06 |
| KMX Carmax Inc. | Add +254.8% | 0.10% | +0.06 |
| ADSK Autodesk Inc. | Add +148.5% | 0.10% | +0.06 |
| SNOW Snowflake Inc. | Add +0.3% | 0.21% | +0.06 |
| HYBL SS Blackstone High Inc. ETF | Add +23.7% | 0.44% | +0.06 |
| VRT Vertiv Holdings Co. Class A | Add +99.4% | 0.08% | +0.06 |
| DASH DoorDash Inc. Class A | Add +24.9% | 0.16% | +0.06 |
| SFLR Innovator Eqty MGD Floor ETF | Add +56.9% | 0.16% | +0.06 |
| DKNG Draftkings Inc. Class A | Add +38.0% | 0.14% | +0.06 |
| DELL Dell Technologies -C | Add +130.6% | 0.08% | +0.05 |
| EME Emcor Group Inc. | Add +71.8% | 0.09% | +0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | New | 19,000 | $19K |
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 |