Perennial Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 10, 2024), Perennial Advisors, LLC reported 110 stock positions worth $429.7 million. Its top holding was Microsoft (MSFT) at 7.4% of the portfolio, followed by Apple (AAPL, 5.2%) and Amazon.com (AMZN, 3.5%). Compared with Q4 2023, it opened 3 new positions, sold out of 7, added to 34 and reduced 40. The biggest buy was a new position in Estee Lauder Companies Class A (EL) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −59%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001697360
Portfolio Value
$429.7M (Q1 2024)
SEC Filing
0001697360-24-000002 ↗ filed Apr 10, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $429.7M $429.7M Q1 2024 Q2 2024: $445.9M Q2 2024 Q4 2024: $459.4M Q4 2024 Q1 2025: $500.9M Q1 2025 Q2 2025: $537.8M Q2 2025 Q3 2025: $576.9M Q3 2025 Q4 2025: $596.4M Q4 2025 Q1 2026: $582.6M Q1 2026 Q2 2026: $643.2M Q2 2026

Holdings 110 stocks · $429.7M
MSFT Microsoft Corp. 7.42% 75,830 $31.9M Reduce -0.7%
AAPL Apple Inc. 5.19% 130,007 $22.3M Reduce -1.1%
AMZN Amazon.com Inc. 3.53% 84,077 $15.2M Reduce -0.4%
GOOG Alphabet Inc. Class C 3.36% 94,725 $14.4M Reduce -0.2%
NVDA Nvidia Corp. 3.08% 14,625 $13.2M Reduce -3.4%
MA Mastercard Inc. Class A 2.87% 25,592 $12.3M Reduce -0.5%
FISV Fiserv Inc. 2.81% 75,560 $12.1M Reduce -2.8%
KKR KKR & Co. Inc. 2.79% 119,209 $12.0M Reduce -2.3%
JPM JPMorgan Chase & Co. 2.72% 58,433 $11.7M Reduce -2.3%
AXP American Express Co. 2.69% 50,684 $11.5M Reduce -2.3%
APH Amphenol Corp. Class A 2.50% 92,966 $10.7M Reduce -1.6%
V Visa Inc. Class A 2.45% 37,793 $10.5M Reduce -0.9%
COST Costco Wholesale Corp. 2.38% 13,954 $10.2M Reduce -2.2%
GLD SPDR Gold Shares 2.04% 42,636 $8.8M Add +30.5%
JPST JPMorgan Ultra-Short Income 1.99% 169,844 $8.6M Add +5.7%
TMO Thermo Fisher Scientific Inc. 1.98% 14,616 $8.5M Add +0.3%
JNJ Johnson & Johnson 1.92% 52,196 $8.3M Reduce -3.3%
HON Honeywell International Inc. 1.91% 40,005 $8.2M Reduce -0.0%
UNP Union Pacific Corp. 1.88% 32,837 $8.1M Reduce -0.3%
FDX FedEx Corp. 1.72% 25,549 $7.4M Reduce -0.5%
FLOT iShares Floating Rate Bond E 1.72% 144,623 $7.4M Add +3.3%
MCD McDonald's Corp. 1.70% 25,936 $7.3M Add +0.6%
GD General Dynamics Corp. 1.50% 22,782 $6.4M Reduce -0.2%
CSCO Cisco Systems Inc. 1.48% 127,315 $6.4M Reduce -1.1%
APD Air Products & Chemicals Inc. 1.45% 25,634 $6.2M Reduce -0.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.43% 50,117 $6.1M Add +1.0%
XYL Xylem Inc. 1.42% 47,056 $6.1M Reduce -1.2%
VCSH Vanguard S/T Corp. Bond ETF 1.41% 78,422 $6.1M Add +3.5%
HD Home Depot Inc. 1.22% 13,610 $5.2M Reduce -0.4%
AMGN Amgen Inc. 1.20% 18,152 $5.2M Reduce -1.1%
MDT Medtronic PLC 1.19% 58,533 $5.1M Add +2.0%
SBUX Starbucks Corp. 1.16% 54,411 $5.0M Add +0.6%
SPY SS SPDR S&P 500 ETF Trust-US 1.15% 9,457 $4.9M Reduce -59.2%
ADBE Adobe Inc. 1.14% 9,698 $4.9M Add +1.0%
AWK American Water Works Co. Inc. 1.09% 38,219 $4.7M Add +4.9%
VZ Verizon Communications Inc. 1.05% 107,939 $4.5M Add +1.9%
LEA Lear Corp. 1.02% 30,166 $4.4M Add +2.6%
VTI VG Morningstar TS MKT ETF-US 0.92% 15,149 $3.9M Add +3.5%
PFF iShares Preferred & Income S 0.91% 121,156 $3.9M Add +2.2%
USB US Bancorp 0.90% 86,182 $3.9M Add +2.8%
ARCC Ares Capital Corp. 0.90% 184,769 $3.8M Add +1.8%
AMAT Applied Materials Inc. 0.89% 18,645 $3.8M Reduce -2.6%
MDLZ Mondelez International Inc. Class A 0.86% 52,699 $3.7M Add +3.7%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.82% 69,158 $3.5M Add +17.7%
NVS Novartis AG-Sponsored ADR 0.80% 35,674 $3.5M Reduce -0.3%
ZTS Zoetis Inc. 0.77% 19,436 $3.3M Add +6.9%
FAST Fastenal Co. 0.75% 41,550 $3.2M Reduce -2.0%
LRCX Lam Research Corp. 0.73% 3,229 $3.1M No change
VCIT Vanguard Int-Term Corporate 0.72% 38,414 $3.1M Add +14.5%
DEO Diageo PLC-Sponsored ADR 0.61% 17,651 $2.6M Add +4.1%
BKLN Invesco Senior Loan ETF 0.55% 111,078 $2.3M Reduce -3.6%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.51% 14,224 $2.2M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.48% 20,478 $2.1M Add +29.6%
QQQ Invesco QQQ Trust Series 1 0.43% 4,147 $1.8M No change
SHY iShares 1-3 Year Treasury Bo 0.40% 20,794 $1.7M Add +17.7%
VEA Vanguard Ftse Developed ETF 0.39% 33,777 $1.7M Add +3.5%
EXP Eagle Materials Inc. 0.39% 6,231 $1.7M No change
NKE Nike Inc. Class B 0.38% 17,517 $1.6M Add +82.7%
VTEB Vanguard Tax-Exempt Bond ETF 0.36% 30,568 $1.5M Add +0.7%
GOOGL Alphabet Inc. Class A 0.34% 9,635 $1.5M Reduce -0.0%
STGW Stagwell Inc. 0.30% 204,495 $1.3M Reduce -29.8%
META Meta Platforms Inc. Class A 0.30% 2,613 $1.3M No change
CENX Century Aluminum Company 0.24% 68,293 $1.1M Reduce -44.0%
KLAC KLA Corp. 0.24% 1,496 $1.0M No change
XOM Exxon Mobil Corp. 0.23% 8,625 $1.0M No change
VGSH Vanguard Short-Term Treasury 0.22% 16,469 $956K Reduce -0.2%
PEP Pepsico Inc. 0.22% 5,449 $954K Reduce -0.7%
WFC Wells Fargo & Co. 0.22% 16,381 $949K No change
GATX Gatx Corp. 0.22% 7,037 $943K No change
CVX Chevron Corp. 0.19% 5,132 $809K Add +0.1%
CMCSA Comcast Corp. Class A 0.17% 16,716 $725K No change
JMUB JPMorgan Municipal ETF 0.16% 13,950 $708K Add +40.9%
INTC Intel Corp. 0.16% 15,450 $682K No change
SMHI Seacor Marine Holdings Inc. 0.16% 48,038 $670K No change
HPQ HP Inc. 0.15% 21,398 $647K No change
VXF Vanguard Extended Market ETF 0.15% 3,661 $642K Add +19.3%
SCHB Schwab US Broad Market ETF 0.14% 10,011 $611K Add +0.6%
CRM Salesforce Inc. 0.13% 1,815 $547K Reduce -0.6%
VOO Vanguard S&P 500 ETF 0.12% 1,104 $531K Add +6.9%
ETN Eaton Corp. PLC 0.11% 1,514 $473K No change
BX Blackstone Inc. 0.11% 3,540 $465K Reduce -0.6%
MRK Merck & Co. Inc. 0.10% 3,274 $432K No change
UNH Unitedhealth Group Inc. 0.10% 854 $422K No change
TDG Transdigm Group Inc. 0.09% 315 $388K No change
ADP Automatic Data Processing 0.09% 1,505 $376K Reduce -6.2%
FELG Fidelity Enh LRG Cap GWTH 0.09% 12,675 $375K No change
IWF iShares Russell 1000 Growth 0.08% 1,059 $357K No change
PG The Procter & Gamble Co. 0.08% 2,062 $335K Reduce -0.1%
XLF SS Financial Select Sector 0.07% 7,398 $312K No change
ROP Roper Technologies Inc. 0.07% 552 $310K No change
BKNG Booking Holdings Inc. 0.07% 85 $308K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 7,765 $294K No change
NFLX Netflix Inc. 0.07% 482 $293K No change
ACN Accenture PLC Class A 0.06% 787 $273K No change
AGGY Wisdomtree Yield Enhanced US 0.06% 6,005 $261K No change
PGX Invesco Preferred ETF 0.06% 21,352 $254K Reduce -4.6%
HPE Hewlett Packard Enterprise 0.06% 13,877 $246K No change
LMT Lockheed Martin Corp. 0.06% 533 $242K No change
SCHD Schwab US DVD Equity ETF 0.06% 2,950 $238K No change
KMB Kimberly-Clark Corp. 0.05% 1,760 $228K Reduce -2.2%

Show all 110 holdings

Options reported separately and not counted above: MSFT puts ($252K).

Portfolio Sells Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US Reduce -59.2% 1.15% −1.56
AAPL Apple Inc. Reduce -1.1% 5.19% −1.04
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.49
VAW Vanguard Materials ETF Sold out 0.00% −0.48
SHV iShares 0-1 Year Treasury Bo Sold out 0.00% −0.43
APD Air Products & Chemicals Inc. Reduce -0.3% 1.45% −0.29
STGW Stagwell Inc. Reduce -29.8% 0.30% −0.18
JNJ Johnson & Johnson Reduce -3.3% 1.92% −0.16
HON Honeywell International Inc. Reduce -0.0% 1.91% −0.15
CSCO Cisco Systems Inc. Reduce -1.1% 1.48% −0.12
CENX Century Aluminum Company Reduce -44.0% 0.24% −0.12
UNP Union Pacific Corp. Reduce -0.3% 1.88% −0.11
EEM iShares MSCI Emerging Market Sold out 0.00% −0.10
AMGN Amgen Inc. Reduce -1.1% 1.20% −0.10
NVS Novartis AG-Sponsored ADR Reduce -0.3% 0.80% −0.09
BKLN Invesco Senior Loan ETF Reduce -3.6% 0.55% −0.05
LPG Dorian LPG Ltd. Sold out 0.00% −0.05
PANW Palo Alto Networks Inc. Sold out 0.00% −0.05
VGSH Vanguard Short-Term Treasury Reduce -0.2% 0.22% −0.01
PEP Pepsico Inc. Reduce -0.7% 0.22% −0.01
BX Blackstone Inc. Reduce -0.6% 0.11% −0.01
AEVA Aeva Technologies Inc. Sold out 0.00% −0.01
ADP Automatic Data Processing Reduce -6.2% 0.09% −0.00
PGX Invesco Preferred ETF Reduce -4.6% 0.06% −0.00
TXN Texas Instruments Inc. Reduce -1.7% 0.05% −0.00
KMB Kimberly-Clark Corp. Reduce -2.2% 0.05% −0.00
PG The Procter & Gamble Co. Reduce -0.1% 0.08% +0.00
GOOGL Alphabet Inc. Class A Reduce -0.0% 0.34% +0.01
CRM Salesforce Inc. Reduce -0.6% 0.13% +0.01
V Visa Inc. Class A Reduce -0.9% 2.45% +0.01
GD General Dynamics Corp. Reduce -0.2% 1.50% +0.04
HD Home Depot Inc. Reduce -0.4% 1.22% +0.05
COST Costco Wholesale Corp. Reduce -2.2% 2.38% +0.06
GOOG Alphabet Inc. Class C Reduce -0.2% 3.36% +0.07
FAST Fastenal Co. Reduce -2.0% 0.75% +0.07
XYL Xylem Inc. Reduce -1.2% 1.42% +0.08
FDX FedEx Corp. Reduce -0.5% 1.72% +0.13
AMAT Applied Materials Inc. Reduce -2.6% 0.89% +0.13
MA Mastercard Inc. Class A Reduce -0.5% 2.87% +0.17
APH Amphenol Corp. Class A Reduce -1.6% 2.50% +0.19
JPM JPMorgan Chase & Co. Reduce -2.3% 2.72% +0.22
FISV Fiserv Inc. Reduce -2.8% 2.81% +0.27
AXP American Express Co. Reduce -2.3% 2.69% +0.30
KKR KKR & Co. Inc. Reduce -2.3% 2.79% +0.30
MSFT Microsoft Corp. Reduce -0.7% 7.42% +0.36
AMZN Amazon.com Inc. Reduce -0.4% 3.53% +0.38
NVDA Nvidia Corp. Reduce -3.4% 3.08% +1.23

Portfolio Buys Q4 2023 → Q1 2024
EL Estee Lauder Companies Class A New 0.51% +0.51
GLD SPDR Gold Shares Add +30.5% 2.04% +0.50
DIS The Walt Disney Co. Add +1.0% 1.43% +0.32
NKE Nike Inc. Class B Add +82.7% 0.38% +0.13
TJX TJX Companies Inc. Add +29.6% 0.48% +0.12
JMST JPM Ultra-Short Muni Income Add +17.7% 0.82% +0.08
TMO Thermo Fisher Scientific Inc. Add +0.3% 1.98% +0.07
VZ Verizon Communications Inc. Add +1.9% 1.05% +0.07
VTI VG Morningstar TS MKT ETF-US Add +3.5% 0.92% +0.06
VCIT Vanguard Int-Term Corporate Add +14.5% 0.72% +0.05
AVGO Broadcom Inc. New 0.05% +0.05
JMUB JPMorgan Municipal ETF Add +40.9% 0.16% +0.04
SHY iShares 1-3 Year Treasury Bo Add +17.7% 0.40% +0.04
VXF Vanguard Extended Market ETF Add +19.3% 0.15% +0.03
MDT Medtronic PLC Add +2.0% 1.19% +0.02
VOO Vanguard S&P 500 ETF Add +6.9% 0.12% +0.01
VEA Vanguard Ftse Developed ETF Add +3.5% 0.39% +0.01
JPST JPMorgan Ultra-Short Income Add +5.7% 1.99% +0.01
SCHB Schwab US Broad Market ETF Add +0.6% 0.14% +0.01
USB US Bancorp Add +2.8% 0.90% +0.00
DEO Diageo PLC-Sponsored ADR Add +4.1% 0.61% +0.00
AMERICAN WELL CORP New 0.00% +0.00
ARCC Ares Capital Corp. Add +1.8% 0.90% +0.00
CVX Chevron Corp. Add +0.1% 0.19% +0.00
PFF iShares Preferred & Income S Add +2.2% 0.91% −0.00
CHPT Chargepoint Holdings Inc. Add +15.9% 0.01% −0.00
LEA Lear Corp. Add +2.6% 1.02% −0.00
BA The Boeing Co. Add +0.5% 0.05% −0.02
VTEB Vanguard Tax-Exempt Bond ETF Add +0.7% 0.36% −0.02
FLOT iShares Floating Rate Bond E Add +3.3% 1.72% −0.02
VCSH Vanguard S/T Corp. Bond ETF Add +3.5% 1.41% −0.03
MDLZ Mondelez International Inc. Class A Add +3.7% 0.86% −0.05
AWK American Water Works Co. Inc. Add +4.9% 1.09% −0.10
ZTS Zoetis Inc. Add +6.9% 0.77% −0.12
SBUX Starbucks Corp. Add +0.6% 1.16% −0.12
MCD McDonald's Corp. Add +0.6% 1.70% −0.18
ADBE Adobe Inc. Add +1.0% 1.14% −0.27

Options Activity Q4 2023 → Q1 2024
XOM Exxon Mobil Corp. put Sold out 2,500 $250Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 136$643.2MAAPL, GOOG, MSFT, APH, NVDA
Q1 2026 122$582.6MAAPL, MSFT, GOOG, BRK.A, NVDA
Q4 2025 127$596.4MMSFT, AAPL, GOOG, BRK.A, NVDA
Q3 2025 126$576.9MMSFT, AAPL, NVDA, BRK.A, GOOG
Q2 2025 122$537.8MMSFT, AAPL, BRK.A, NVDA, AMZN
Q1 2025 112$500.9MMSFT, AAPL, BRK.A, AMZN, FISV
Q4 2024 76$459.4MMSFT, AAPL, NVDA, AMZN, GOOG
Q2 2024 111$445.9MMSFT, AAPL, NVDA, GOOG, AMZN
Q1 2024 110$429.7MMSFT, AAPL, AMZN, GOOG, NVDA