Pallas Capital Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 14, 2026), Pallas Capital Advisors LLC reported 882 stock positions worth $3.0 billion. Its top holding was Bruker (BRKR) at 14.7% of the portfolio, followed by Janus Henderson Mortg Backed (JMBS, 2.5%) and Microsoft (MSFT, 2.5%). Compared with Q3 2025, it opened 100 new positions, sold out of 89, added to 447 and reduced 291. The biggest buy was Bruker (BRKR, shares −0%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BRAINTREE, MA
- CIK
- 0001862282
- Portfolio Value
- $3.0B (Q4 2025)
- SEC Filing
- 0001951757-26-000081 ↗ filed Jan 14, 2026
Holdings Value
Holdings 882 stocks · $3.0B
| BRKR Bruker Corp. | 14.75% | 9,480,665 | $446.6M | Add +0.0% |
| JMBS Janus Henderson Mortg Backed | 2.48% | 1,647,295 | $75.3M | Add +11.8% |
| MSFT Microsoft Corp. | 2.47% | 154,732 | $74.8M | Reduce -0.7% |
| GLP Global Partners LP | 2.25% | 1,627,973 | $68.1M | No change |
| AAPL Apple Inc. | 2.12% | 236,534 | $64.3M | Reduce -4.7% |
| AMZN Amazon.com Inc. | 1.82% | 238,235 | $55.0M | Add +3.8% |
| NVDA Nvidia Corp. | 1.81% | 293,486 | $54.7M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 1.57% | 152,147 | $47.6M | Reduce -11.2% |
| FBND Fidelity Total Bond ETF | 1.33% | 875,591 | $40.3M | Add +9.5% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.27% | 854,093 | $38.6M | Add +6.7% |
| DFIV Dimensional International Va | 1.26% | 763,071 | $38.1M | Add +7.7% |
| JBND JPMorgan Active Bond ETF | 1.22% | 683,422 | $37.0M | Add +9.3% |
| AVGO Broadcom Inc. | 1.21% | 106,151 | $36.7M | Reduce -4.4% |
| FENI Fidelity Enhanced Intl ETF | 1.21% | 1,001,543 | $36.6M | Add +10.4% |
| DFAI Dimensional International Co. | 1.19% | 942,337 | $35.9M | Add +10.8% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 1.17% | 489,352 | $35.4M | Add +11.5% |
| JIRE JPMorgan Int Res Enh Eqty | 1.05% | 423,633 | $31.7M | Add +12.5% |
| JPM JPMorgan Chase & Co. | 1.02% | 95,554 | $30.8M | Reduce -3.6% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.96% | 559,818 | $29.0M | Add +11.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 39,396 | $26.9M | Add +270.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.88% | 507,063 | $26.8M | Add +10.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 49,791 | $25.0M | Reduce -1.9% |
| IVV iShares Core S&P 500 ETF | 0.80% | 35,198 | $24.1M | Add +22.1% |
| SCMB Schwab Municipal Bond ETF | 0.76% | 894,144 | $23.0M | Add +14.5% |
| JBBB Janus Henderson B-BBB Clo Et | 0.76% | 481,561 | $23.0M | Add +10.5% |
| GOOG Alphabet Inc. Class C | 0.74% | 71,356 | $22.4M | Reduce -4.0% |
| JEMA JPMorgan Activebuilders Emer | 0.70% | 430,251 | $21.1M | Add +5.5% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 0.69% | 538,868 | $21.0M | Add +6.2% |
| DFAE Dimensional Emerging Core Eq | 0.69% | 640,923 | $20.9M | Add +6.7% |
| JHEM John Hancock Multi Em MRK Et | 0.69% | 632,251 | $20.8M | Add +5.8% |
| XOM Exxon Mobil Corp. | 0.69% | 172,689 | $20.8M | Reduce -0.5% |
| USIG iShares Broad Usd Investment | 0.63% | 365,936 | $18.9M | Add +12.8% |
| LLY Eli Lilly & Co. | 0.62% | 17,339 | $18.6M | Reduce -3.3% |
| FIX Comfort Systems USA Inc. | 0.59% | 19,304 | $18.0M | Reduce -6.3% |
| META Meta Platforms Inc. Class A | 0.57% | 26,004 | $17.2M | Add +13.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.57% | 111,610 | $17.1M | Reduce -2.6% |
| JNJ Johnson & Johnson | 0.56% | 82,361 | $17.0M | Reduce -6.8% |
| USFR Wisdomtree Floating Rate Tre | 0.53% | 317,485 | $16.0M | Add +30.8% |
| V Visa Inc. Class A | 0.52% | 44,593 | $15.6M | Reduce -5.4% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.50% | 626,745 | $15.2M | Add +8.3% |
| LIN Linde PLC | 0.50% | 35,225 | $15.0M | Add +2.3% |
| PG The Procter & Gamble Co. | 0.47% | 99,853 | $14.3M | Reduce -3.6% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.45% | 394,756 | $13.5M | Add +0.4% |
| HYBL SS Blackstone High Inc. ETF | 0.44% | 467,436 | $13.3M | Add +9.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.42% | 233,865 | $12.9M | Add +15.2% |
| XLK SS Technology Select Sector | 0.42% | 88,298 | $12.7M | Add +3.7% |
| JIVE JPM Interntl Value ETF filed as J P MORGAN EXCHANGE TRADED F | 0.41% | 154,008 | $12.4M | Add +18.7% |
| IVW iShares S&P 500 Growth ETF | 0.40% | 99,445 | $12.3M | Reduce -0.4% |
| PNC PNC Financial Services Group | 0.39% | 56,393 | $11.8M | Add +11.9% |
| CRM Salesforce Inc. | 0.38% | 43,560 | $11.5M | Add +7.8% |
| IEF iShares 7-10 Year Treasury B | 0.38% | 119,706 | $11.5M | Add +10.8% |
| DOV Dover Corp. | 0.38% | 58,717 | $11.5M | Reduce -4.2% |
| ABT Abbott Laboratories | 0.37% | 89,541 | $11.2M | Reduce -1.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.37% | 409,098 | $11.1M | Reduce -0.1% |
| VPU Vanguard Utilities ETF | 0.35% | 56,646 | $10.5M | Reduce -4.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 16,907 | $10.4M | Add +8.3% |
| VOO Vanguard S&P 500 ETF | 0.34% | 16,298 | $10.2M | Add +17.9% |
| KO The Coca-Cola Co. | 0.33% | 141,215 | $9.9M | Reduce -3.2% |
| EMR Emerson Electric Co. | 0.32% | 73,587 | $9.8M | Reduce -8.9% |
| VST Vistra Corp. | 0.32% | 60,461 | $9.8M | Add +18.2% |
| PH Parker Hannifin Corp. | 0.31% | 10,766 | $9.5M | Add +0.2% |
| SFLR Innovator Eqty MGD Floor ETF | 0.31% | 255,855 | $9.4M | Add +1.2% |
| RSP Invesco S&P 500 Equal Weight | 0.30% | 47,976 | $9.2M | Reduce -1.0% |
| MMIN Nylim Mackay Muni Insured Et filed as NEW YORK LIFE INVTS ACTIVE E | 0.30% | 375,691 | $9.0M | Add +8.2% |
| COST Costco Wholesale Corp. | 0.30% | 10,419 | $9.0M | Reduce -9.6% |
| UBER Uber Technologies Inc. | 0.29% | 107,561 | $8.8M | Add +19.6% |
| LNG Cheniere Energy Inc. | 0.29% | 44,721 | $8.7M | Add +0.8% |
| MA Mastercard Inc. Class A | 0.28% | 15,061 | $8.6M | Reduce -4.0% |
| ZALT Innovator US Eq 10 Buffer | 0.28% | 261,495 | $8.5M | Add +7.5% |
| VTR Ventas Inc. | 0.27% | 106,752 | $8.3M | Reduce -0.8% |
| ORCL Oracle Corp. | 0.27% | 42,378 | $8.3M | Reduce -35.0% |
| AXSM Axsome Therapeutics Inc. | 0.26% | 43,909 | $8.0M | Add +11.3% |
| RBUF Invv US SML C 10 B ETF-QRT | 0.26% | 274,908 | $8.0M | Add +14.4% |
| DHR Danaher Corp. | 0.26% | 34,479 | $7.9M | Add +7.8% |
| JQUA JPMorgan US Quality Factor | 0.25% | 120,087 | $7.6M | Add +1.2% |
| APP AppLovin Corp. Class A | 0.25% | 11,246 | $7.6M | Add +0.2% |
| MRK Merck & Co. Inc. | 0.25% | 71,245 | $7.5M | Add +6.0% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.24% | 166,081 | $7.2M | Add +0.5% |
| TLT iShares 20+ Year Treasury BD | 0.24% | 82,723 | $7.2M | Add +11.8% |
| SYK Stryker Corp. | 0.22% | 19,157 | $6.7M | Add +0.5% |
| MRVL Marvell Technology Inc. | 0.22% | 77,837 | $6.6M | Add +11.6% |
| ORLY O'reilly Automotive Inc. | 0.22% | 72,035 | $6.6M | Reduce -9.3% |
| J Jacobs Solutions Inc. | 0.22% | 49,459 | $6.6M | Reduce -6.2% |
| NEE Nextera Energy Inc. | 0.21% | 79,831 | $6.4M | Add +3.9% |
| ABBV Abbvie Inc. | 0.21% | 28,029 | $6.4M | Reduce -7.5% |
| VIG Vanguard Dividend Apprec ETF | 0.20% | 28,173 | $6.2M | Add +40.9% |
| NFLX Netflix Inc. | 0.20% | 65,472 | $6.1M | Add +8.4% |
| RTX RTX Corp. | 0.20% | 33,399 | $6.1M | Add +33.8% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 19,588 | $6.0M | Add +0.6% |
| CNC Centene Corp. | 0.20% | 146,439 | $6.0M | Add +126.4% |
| ARES Ares Management Corp. Class A | 0.19% | 36,147 | $5.8M | Add +21.4% |
| XLF SS Financial Select Sector | 0.19% | 106,241 | $5.8M | Add +0.3% |
| TEAM Atlassian Corp. Class A | 0.19% | 35,851 | $5.8M | Add +598.6% |
| INTC Intel Corp. | 0.19% | 157,450 | $5.8M | Reduce -2.7% |
| RBLX Roblox Corp. Class A | 0.19% | 71,646 | $5.8M | Reduce -0.7% |
| GM General Motors Co. | 0.19% | 69,360 | $5.6M | Reduce -0.3% |
| VGT Vanguard Info Tech ETF | 0.18% | 7,301 | $5.5M | Reduce -18.7% |
| ETN Eaton Corp. PLC | 0.18% | 17,178 | $5.5M | Add +0.9% |
| MCD McDonald's Corp. | 0.17% | 17,306 | $5.3M | Add +11.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.17% | 10,711 | $5.2M | Add +14.0% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -0.7% | 2.47% | −0.50 |
| ORCL Oracle Corp. | Reduce -35.0% | 0.27% | −0.40 |
| NVDA Nvidia Corp. | Reduce -1.3% | 1.81% | −0.23 |
| AAPL Apple Inc. | Reduce -4.7% | 2.12% | −0.20 |
| RBLX Roblox Corp. Class A | Reduce -0.7% | 0.19% | −0.18 |
| AVGO Broadcom Inc. | Reduce -4.4% | 1.21% | −0.13 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 1.02% | −0.13 |
| BXSL Blackstone Secured Lending F | Reduce -84.0% | 0.02% | −0.12 |
| DASH DoorDash Inc. Class A | Reduce -58.4% | 0.05% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -3.6% | 0.47% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 0.83% | −0.11 |
| VZ Verizon Communications Inc. | Reduce -69.5% | 0.04% | −0.11 |
| AVB Avalonbay Communities Inc. | Reduce -82.5% | 0.02% | −0.11 |
| ORLY O'reilly Automotive Inc. | Reduce -9.3% | 0.22% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -9.6% | 0.30% | −0.10 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.09 |
| ABT Abbott Laboratories | Reduce -1.4% | 0.37% | −0.08 |
| V Visa Inc. Class A | Reduce -5.4% | 0.52% | −0.08 |
| J Jacobs Solutions Inc. | Reduce -6.2% | 0.22% | −0.07 |
| ZTS Zoetis Inc. | Reduce -84.7% | 0.01% | −0.07 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.07 |
| HOOD Robinhood Markets Inc. Class A | Reduce -29.3% | 0.07% | −0.07 |
| EMR Emerson Electric Co. | Reduce -8.9% | 0.32% | −0.07 |
| VPU Vanguard Utilities ETF | Reduce -4.1% | 0.35% | −0.07 |
| VEEV Veeva Systems Inc. Class A | Reduce -28.8% | 0.06% | −0.07 |
| VGT Vanguard Info Tech ETF | Reduce -18.7% | 0.18% | −0.07 |
| CUBE Cubesmart | Reduce -73.0% | 0.02% | −0.06 |
| NTNX Nutanix Inc. Class A | Reduce -63.5% | 0.02% | −0.06 |
| HD Home Depot Inc. | Reduce -53.9% | 0.03% | −0.06 |
| JBI Janus International Group Inc. | Reduce -0.8% | 0.07% | −0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -49.2% | 0.03% | −0.05 |
| INTU Intuit Inc. | Reduce -57.3% | 0.03% | −0.05 |
| ABBV Abbvie Inc. | Reduce -7.5% | 0.21% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -4.0% | 0.28% | −0.04 |
| TJX TJX Companies Inc. | Reduce -2.6% | 0.57% | −0.04 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.04 |
| ZS Zscaler Inc. | Reduce -9.2% | 0.07% | −0.04 |
| EXR Extra Space Storage Inc. | Reduce -76.1% | 0.01% | −0.04 |
| VRSN Verisign Inc. | Reduce -3.0% | 0.13% | −0.04 |
| JNJ Johnson & Johnson | Reduce -6.8% | 0.56% | −0.04 |
| EG Everest Group Ltd. | Reduce -46.1% | 0.04% | −0.04 |
| NWSA News Corp. Class A | Reduce -75.8% | 0.01% | −0.04 |
| PM Philip Morris International | Reduce -28.3% | 0.07% | −0.04 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.4% | 0.40% | −0.04 |
| DKNG Draftkings Inc. Class A | Reduce -16.1% | 0.09% | −0.04 |
| GWW WW Grainger Inc. | Reduce -14.8% | 0.15% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.0% | 0.30% | −0.03 |
| CHWY Chewy Inc. Class A | Reduce -34.7% | 0.03% | −0.03 |
| GRMN Garmin Ltd. | Reduce -52.7% | 0.02% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.69% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| BRKR Bruker Corp. | Add +0.0% | 14.75% | +3.41 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +270.6% | 0.89% | +0.63 |
| TEAM Atlassian Corp. Class A | Add +598.6% | 0.19% | +0.16 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.13% | +0.13 |
| BMY Bristol-Myers Squibb Co. | Add +196.7% | 0.17% | +0.12 |
| CNC Centene Corp. | Add +126.4% | 0.20% | +0.11 |
| BUFH FT Vest Laddered Maxbuf ETF | New | 0.10% | +0.10 |
| AXSM Axsome Therapeutics Inc. | Add +11.3% | 0.26% | +0.09 |
| IVV iShares Core S&P 500 ETF | Add +22.1% | 0.80% | +0.09 |
| CMG Chipotle Mexican Grill Inc. | Add +722.9% | 0.09% | +0.08 |
| USFR Wisdomtree Floating Rate Tre | Add +30.8% | 0.53% | +0.08 |
| IBIT iShares Bitcoin Trust ETF | Add +405.9% | 0.09% | +0.06 |
| MKTX Marketaxess Holdings Inc. | Add +298.3% | 0.08% | +0.06 |
| PCG P G & E Corp. | Add +65.0% | 0.16% | +0.06 |
| DFIV Dimensional International Va | Add +7.7% | 1.26% | +0.06 |
| UPS United Parcel Service Class B | Add +86.7% | 0.11% | +0.05 |
| EXAS Exact Sciences Corp. | Add +182.4% | 0.07% | +0.05 |
| RTX RTX Corp. | Add +33.8% | 0.20% | +0.05 |
| JIVE JPM Interntl Value ETF | Add +18.7% | 0.41% | +0.05 |
| DFAI Dimensional International Co. | Add +10.8% | 1.19% | +0.05 |
| HUBS HubSpot Inc. | Add +413.9% | 0.06% | +0.05 |
| ZM Zoom Communications Inc. | Add +62.5% | 0.14% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +40.9% | 0.20% | +0.05 |
| LVS Las Vegas Sands Corp. | Add +92.4% | 0.09% | +0.05 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +71.9% | 0.08% | +0.04 |
| NVG Nuveen Amt-FR Muni CRDT | Add +296.4% | 0.06% | +0.04 |
| CB Chubb Ltd. | Add +42.3% | 0.15% | +0.04 |
| KDP Keurig Dr Pepper Inc. | Add +482.8% | 0.05% | +0.04 |
| LMT Lockheed Martin Corp. | Add +135.1% | 0.08% | +0.04 |
| UTHR United Therapeutics Corp. | Add +147.6% | 0.07% | +0.04 |
| MRK Merck & Co. Inc. | Add +6.0% | 0.25% | +0.04 |
| BAC Bank of America Corp. | Add +15.2% | 0.42% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +274.1% | 0.06% | +0.04 |
| DG Dollar General Corp. | Add +84.7% | 0.07% | +0.04 |
| NTRA Natera Inc. | Add +26.6% | 0.10% | +0.04 |
| MU Micron Technology Inc. | Add +12.1% | 0.09% | +0.04 |
| BBIN JPM Betabuilders Intl Eqty | Add +11.5% | 1.17% | +0.04 |
| OTF Blue Owl Technology Finance | Add +642.4% | 0.04% | +0.04 |
| BITW Bitwise 10 Crypto Index ETF | New | 0.03% | +0.03 |
| EXPE Expedia Group Inc. | Add +10.2% | 0.14% | +0.03 |
| REGN Regeneron Pharmaceuticals | Add +37.6% | 0.08% | +0.03 |
| WDC Western Digital Corp. | Add +10.2% | 0.11% | +0.03 |
| FENI Fidelity Enhanced Intl ETF | Add +10.4% | 1.21% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +45.0% | 0.13% | +0.03 |
| ILMN Illumina Inc. | Add +9.8% | 0.12% | +0.03 |
| DECK Deckers Outdoor Corp. | New | 0.03% | +0.03 |
| AMT American Tower Corp. | Add +298.7% | 0.04% | +0.03 |
| AKRE Akre Focus ETF | New | 0.03% | +0.03 |
| NEM Newmont Corp. | Add +118.0% | 0.05% | +0.03 |
| TGT Target Corp. | Add +80.2% | 0.07% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 19,000 | $19Kbefore 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 |