Perennial Advisors, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 13, 2026), Perennial Advisors, LLC reported 122 stock positions worth $582.6 million. Its top holding was Apple (AAPL) at 5.3% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Alphabet Class C (GOOG, 4.4%). Compared with Q4 2025, it opened 4 new positions, sold out of 9, added to 51 and reduced 44. The biggest buy was Linde (LIN, shares +344%) and the biggest sale American Express (AXP, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001697360
- Portfolio Value
- $582.6M (Q1 2026)
- SEC Filing
- 0001697360-26-000002 ↗ filed Apr 13, 2026
Holdings Value
Holdings 122 stocks · $582.6M
| AAPL Apple Inc. | 5.34% | 122,546 | $31.1M | Add +0.5% |
| MSFT Microsoft Corp. | 4.78% | 75,275 | $27.9M | Add +1.3% |
| GOOG Alphabet Inc. Class C | 4.43% | 90,016 | $25.8M | Reduce -0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 4.07% | 33 | $23.7M | No change |
| NVDA Nvidia Corp. | 3.95% | 131,825 | $23.0M | Reduce -0.8% |
| APH Amphenol Corp. Class A | 3.66% | 168,622 | $21.3M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 3.24% | 90,516 | $18.9M | Add +1.8% |
| GLD SPDR Gold Shares | 3.20% | 43,388 | $18.7M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.84% | 56,156 | $16.5M | Reduce -0.7% |
| AXP American Express Co. | 2.52% | 48,626 | $14.7M | Reduce -0.2% |
| COST Costco Wholesale Corp. | 2.31% | 13,502 | $13.5M | Add +0.9% |
| MA Mastercard Inc. Class A | 2.16% | 25,160 | $12.6M | Add +1.1% |
| JNJ Johnson & Johnson | 2.05% | 48,792 | $11.9M | Reduce -3.6% |
| V Visa Inc. Class A | 2.00% | 38,569 | $11.7M | Add +1.8% |
| JPST JPMorgan Ultra-Short Income | 1.89% | 217,043 | $11.0M | Add +8.1% |
| KKR KKR & Co. Inc. | 1.84% | 116,084 | $10.7M | Add +1.4% |
| CSCO Cisco Systems Inc. | 1.78% | 133,588 | $10.4M | Reduce -0.6% |
| HON Honeywell International Inc. | 1.70% | 43,870 | $9.9M | Reduce -3.3% |
| META Meta Platforms Inc. Class A | 1.66% | 16,916 | $9.7M | Reduce -5.8% |
| FDX FedEx Corp. | 1.64% | 26,839 | $9.6M | Reduce -2.0% |
| FLOT iShares Floating Rate Bond E | 1.56% | 178,909 | $9.1M | Add +4.5% |
| UNP Union Pacific Corp. | 1.53% | 36,757 | $8.9M | Add +0.7% |
| MCD McDonald's Corp. | 1.51% | 28,235 | $8.8M | Add +1.6% |
| GD General Dynamics Corp. | 1.49% | 25,330 | $8.7M | Reduce -1.1% |
| TMO Thermo Fisher Scientific Inc. | 1.42% | 16,820 | $8.3M | Add +0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.33% | 11,912 | $7.7M | Reduce -3.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.25% | 95,054 | $7.3M | Reduce -5.7% |
| AWK American Water Works Co. Inc. | 1.20% | 51,325 | $7.0M | Add +4.5% |
| AMGN Amgen Inc. | 1.19% | 19,719 | $6.9M | Reduce -1.2% |
| AMAT Applied Materials Inc. | 1.19% | 20,236 | $6.9M | Reduce -7.5% |
| NFLX Netflix Inc. | 1.10% | 66,886 | $6.4M | Add +25.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.10% | 66,579 | $6.4M | Add +1.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.09% | 80,116 | $6.4M | Reduce -3.1% |
| NVS Novartis AG-Sponsored ADR | 1.07% | 40,888 | $6.2M | Reduce -3.4% |
| XYL Xylem Inc. | 1.05% | 51,124 | $6.1M | Add +1.8% |
| USB US Bancorp | 1.00% | 112,457 | $5.8M | Add +1.2% |
| MDT Medtronic PLC | 0.95% | 63,972 | $5.5M | Add +3.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.93% | 16,901 | $5.4M | Reduce -6.2% |
| LIN Linde PLC | 0.92% | 10,788 | $5.3M | Add +343.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.91% | 33,337 | $5.3M | Add +1.8% |
| SBUX Starbucks Corp. | 0.91% | 59,077 | $5.3M | Add +3.1% |
| HD Home Depot Inc. | 0.86% | 15,179 | $5.0M | Add +3.9% |
| VZ Verizon Communications Inc. | 0.85% | 99,167 | $5.0M | Reduce -3.7% |
| MDLZ Mondelez International Inc. Class A | 0.77% | 77,454 | $4.5M | Add +6.1% |
| ARCC Ares Capital Corp. | 0.73% | 236,129 | $4.3M | Add +2.3% |
| VCIT Vanguard Int-Term Corporate | 0.72% | 50,800 | $4.2M | Add +3.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.71% | 81,140 | $4.1M | Add +3.8% |
| PFF iShares Preferred & Income S | 0.70% | 133,627 | $4.1M | Add +3.0% |
| LEA Lear Corp. | 0.69% | 33,035 | $4.0M | Add +3.1% |
| IAU iShares Gold Trust | 0.66% | 43,703 | $3.9M | New |
| VEA Vanguard Ftse Developed ETF | 0.66% | 59,992 | $3.8M | Add +8.9% |
| ZTS Zoetis Inc. | 0.65% | 32,256 | $3.8M | Add +13.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.63% | 44,753 | $3.7M | Add +5.4% |
| FAST Fastenal Co. | 0.61% | 77,135 | $3.6M | Reduce -0.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.55% | 2,446 | $3.2M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 0.49% | 9,854 | $2.8M | Add +5.8% |
| LRCX Lam Research Corp. | 0.49% | 13,230 | $2.8M | Reduce -14.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 4,629 | $2.7M | Add +3.0% |
| BKLN Invesco Senior Loan ETF | 0.45% | 127,257 | $2.6M | Reduce -0.0% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.32% | 37,106 | $1.9M | New |
| RSP Invesco S&P 500 Equal Weight | 0.32% | 9,641 | $1.9M | New |
| SHV iShares 0-1 Year Treasury Bo | 0.31% | 16,513 | $1.8M | Add +14.4% |
| NKE Nike Inc. Class B | 0.30% | 32,957 | $1.7M | Reduce -14.3% |
| FISV Fiserv Inc. | 0.28% | 29,333 | $1.6M | Reduce -6.6% |
| NYF iShares New York Muni Bond E | 0.27% | 29,975 | $1.6M | Add +11.6% |
| XOM Exxon Mobil Corp. | 0.27% | 9,153 | $1.6M | Reduce -10.2% |
| KLAC KLA Corp. | 0.24% | 933 | $1.4M | Reduce -1.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.20% | 22,998 | $1.1M | Add +1.6% |
| GATX Gatx Corp. | 0.17% | 5,853 | $999K | Reduce -2.1% |
| XLF SS Financial Select Sector | 0.16% | 19,414 | $958K | Add +166.0% |
| EXP Eagle Materials Inc. | 0.16% | 5,043 | $955K | Reduce -1.0% |
| JMUB JPMorgan Municipal ETF | 0.16% | 18,850 | $942K | Add +6.1% |
| VXF Vanguard Extended Market ETF | 0.15% | 4,294 | $884K | Add +4.3% |
| CVX Chevron Corp. | 0.14% | 3,926 | $812K | Reduce -0.0% |
| CENX Century Aluminum Company | 0.13% | 12,868 | $755K | Reduce -33.6% |
| WFC Wells Fargo & Co. | 0.13% | 9,480 | $755K | Reduce -6.4% |
| VOO Vanguard S&P 500 ETF | 0.13% | 1,247 | $745K | Add +0.4% |
| IVE iShares S&P 500 Value ETF | 0.13% | 3,485 | $736K | Add +256.0% |
| APD Air Products & Chemicals Inc. | 0.12% | 2,362 | $686K | Reduce -68.5% |
| SCHB Schwab US Broad Market ETF | 0.12% | 26,981 | $677K | Reduce -0.1% |
| PEP Pepsico Inc. | 0.11% | 4,274 | $664K | Add +0.1% |
| BWXT BWX Technologies Inc. | 0.11% | 3,024 | $618K | No change |
| ETN Eaton Corp. PLC | 0.09% | 1,514 | $542K | No change |
| NBIS Nebius Group NV | 0.09% | 5,215 | $541K | No change |
| MRK Merck & Co. Inc. | 0.09% | 4,274 | $514K | Add +13.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 9,762 | $476K | Add +14.0% |
| FELG Fidelity Enh LRG Cap GWTH | 0.08% | 12,675 | $475K | No change |
| VT Vanguard Tot World STK ETF | 0.08% | 3,405 | $471K | Add +1.5% |
| AVGO Broadcom Inc. | 0.08% | 1,509 | $467K | Add +1.3% |
| TDG Transdigm Group Inc. | 0.08% | 390 | $452K | No change |
| SPGM State Street SPDR Portfolio | 0.07% | 5,355 | $405K | No change |
| IWF iShares Russell 1000 Growth | 0.07% | 946 | $403K | No change |
| VHT Vanguard Health Care ETF | 0.07% | 1,398 | $381K | New |
| CRM Salesforce Inc. | 0.06% | 2,014 | $376K | Reduce -7.1% |
| TSLA Tesla Inc. | 0.06% | 975 | $362K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 1,425 | $345K | No change |
| SLV iShares Silver Trust | 0.06% | 4,934 | $336K | No change |
| SMHI Seacor Marine Holdings Inc. | 0.06% | 46,038 | $330K | No change |
| VTOL Bristow Group Inc. | 0.06% | 7,025 | $329K | No change |
| PANW Palo Alto Networks Inc. | 0.05% | 1,980 | $317K | Add +32.0% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $4.7M (not counted above)
Total filed on the 13F, all lines: $587.2M.
Portfolio Sells Q4 2025 → Q1 2026
| AXP American Express Co. | Reduce -0.2% | 2.52% | −0.50 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 4.43% | −0.34 |
| META Meta Platforms Inc. Class A | Reduce -5.8% | 1.66% | −0.33 |
| APH Amphenol Corp. Class A | Reduce -3.1% | 3.66% | −0.29 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 2.84% | −0.22 |
| NVDA Nvidia Corp. | Reduce -0.8% | 3.95% | −0.21 |
| APD Air Products & Chemicals Inc. | Reduce -68.5% | 0.12% | −0.19 |
| VBIL Vanguard 0-3M T-Bill ETF | Sold out | 0.00% | −0.14 |
| NKE Nike Inc. Class B | Reduce -14.3% | 0.30% | −0.11 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -5.7% | 1.25% | −0.11 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.09 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.2% | 0.93% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.1% | 1.33% | −0.08 |
| FISV Fiserv Inc. | Reduce -6.6% | 0.28% | −0.07 |
| CEG Constellation Energy | Sold out | 0.00% | −0.05 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.05 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −0.04 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.04 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.03 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.03 |
| CRM Salesforce Inc. | Reduce -7.1% | 0.06% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -6.4% | 0.13% | −0.03 |
| IBIT iShares Bitcoin Trust ETF | Reduce -13.4% | 0.05% | −0.02 |
| STGW Stagwell Inc. | Sold out | 0.00% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -16.1% | 0.04% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.1% | 1.09% | −0.01 |
| EXP Eagle Materials Inc. | Reduce -1.0% | 0.16% | −0.01 |
| ADP Automatic Data Processing | Reduce -1.2% | 0.04% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -13.4% | 0.04% | −0.01 |
| BA The Boeing Co. | Reduce -0.5% | 0.04% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -0.1% | 0.12% | −0.00 |
| BKLN Invesco Senior Loan ETF | Reduce -0.0% | 0.45% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -4.1% | 0.04% | −0.00 |
| GATX Gatx Corp. | Reduce -2.1% | 0.17% | +0.00 |
| WMB Williams Cos Inc. | Reduce -16.0% | 0.04% | +0.00 |
| CENX Century Aluminum Company | Reduce -33.6% | 0.13% | +0.00 |
| LMT Lockheed Martin Corp. | Reduce -11.4% | 0.05% | +0.01 |
| CVX Chevron Corp. | Reduce -0.0% | 0.14% | +0.04 |
| LRCX Lam Research Corp. | Reduce -14.8% | 0.49% | +0.04 |
| KLAC KLA Corp. | Reduce -1.8% | 0.24% | +0.04 |
| CSCO Cisco Systems Inc. | Reduce -0.6% | 1.78% | +0.04 |
| GD General Dynamics Corp. | Reduce -1.1% | 1.49% | +0.05 |
| XOM Exxon Mobil Corp. | Reduce -10.2% | 0.27% | +0.06 |
| FAST Fastenal Co. | Reduce -0.6% | 0.61% | +0.09 |
| NVS Novartis AG-Sponsored ADR | Reduce -3.4% | 1.07% | +0.09 |
| AMGN Amgen Inc. | Reduce -1.2% | 1.19% | +0.10 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -1.2% | 0.55% | +0.11 |
| VZ Verizon Communications Inc. | Reduce -3.7% | 0.85% | +0.15 |
| HON Honeywell International Inc. | Reduce -3.3% | 1.70% | +0.22 |
| AMAT Applied Materials Inc. | Reduce -7.5% | 1.19% | +0.24 |
Portfolio Buys Q4 2025 → Q1 2026
| LIN Linde PLC | Add +343.8% | 0.92% | +0.74 |
| IAU iShares Gold Trust | New | 0.66% | +0.66 |
| COST Costco Wholesale Corp. | Add +0.9% | 2.31% | +0.38 |
| JMTG Mortgage-Backed Securities | New | 0.32% | +0.32 |
| RSP Invesco S&P 500 Equal Weight | New | 0.32% | +0.32 |
| NFLX Netflix Inc. | Add +25.4% | 1.10% | +0.27 |
| JPST JPMorgan Ultra-Short Income | Add +8.1% | 1.89% | +0.18 |
| AWK American Water Works Co. Inc. | Add +4.5% | 1.20% | +0.12 |
| UNP Union Pacific Corp. | Add +0.7% | 1.53% | +0.11 |
| MDLZ Mondelez International Inc. Class A | Add +6.1% | 0.77% | +0.11 |
| FLOT iShares Floating Rate Bond E | Add +4.5% | 1.56% | +0.10 |
| SBUX Starbucks Corp. | Add +3.1% | 0.91% | +0.10 |
| XLF SS Financial Select Sector | Add +166.0% | 0.16% | +0.10 |
| IVE iShares S&P 500 Value ETF | Add +256.0% | 0.13% | +0.09 |
| VEA Vanguard Ftse Developed ETF | Add +8.9% | 0.66% | +0.08 |
| MCD McDonald's Corp. | Add +1.6% | 1.51% | +0.08 |
| LEA Lear Corp. | Add +3.1% | 0.69% | +0.07 |
| TJX TJX Companies Inc. | Add +1.8% | 0.91% | +0.07 |
| VHT Vanguard Health Care ETF | New | 0.07% | +0.07 |
| ZTS Zoetis Inc. | Add +13.8% | 0.65% | +0.06 |
| SHV iShares 0-1 Year Treasury Bo | Add +14.4% | 0.31% | +0.05 |
| SHY iShares 1-3 Year Treasury Bo | Add +5.4% | 0.63% | +0.04 |
| JMST JPM Ultra-Short Muni Income | Add +3.8% | 0.71% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +3.6% | 0.72% | +0.03 |
| NYF iShares New York Muni Bond E | Add +11.6% | 0.27% | +0.03 |
| PFF iShares Preferred & Income S | Add +3.0% | 0.70% | +0.02 |
| MRK Merck & Co. Inc. | Add +13.3% | 0.09% | +0.02 |
| HD Home Depot Inc. | Add +3.9% | 0.86% | +0.01 |
| JMUB JPMorgan Municipal ETF | Add +6.1% | 0.16% | +0.01 |
| PEP Pepsico Inc. | Add +0.1% | 0.11% | +0.01 |
| USB US Bancorp | Add +1.2% | 1.00% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +32.0% | 0.05% | +0.01 |
| VXF Vanguard Extended Market ETF | Add +4.3% | 0.15% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +1.6% | 0.20% | +0.01 |
| BLK BlackRock Inc. | Add +19.1% | 0.05% | +0.00 |
| BAC Bank of America Corp. | Add +14.0% | 0.08% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +0.9% | 0.04% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +1.5% | 0.08% | +0.00 |
| BRW Saba Capital Income & Opport | Add +3.9% | 0.01% | +0.00 |
| GOOGL Alphabet Inc. Class A | Add +5.8% | 0.49% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.4% | 0.13% | −0.00 |
| BX Blackstone Inc. | Add +20.3% | 0.05% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.0% | 0.46% | −0.00 |
| AVGO Broadcom Inc. | Add +1.3% | 0.08% | −0.01 |
| MDT Medtronic PLC | Add +3.5% | 0.95% | −0.04 |
| ARCC Ares Capital Corp. | Add +2.3% | 0.73% | −0.05 |
| XYL Xylem Inc. | Add +1.8% | 1.05% | −0.10 |
| DIS The Walt Disney Co. | Add +1.3% | 1.10% | −0.15 |
| TMO Thermo Fisher Scientific Inc. | Add +0.6% | 1.42% | −0.21 |
| AMZN Amazon.com Inc. | Add +1.8% | 3.24% | −0.21 |
Notes & Other Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | TR UNIT · principal | New | 4,500 | $2.9M |
| QQQ Invesco QQQ Trust Series 1 | UNIT SER 1 · principal | New | 3,000 | $1.7M |
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 | 136 | $643.2M | AAPL, GOOG, MSFT, APH, NVDA |
| Q1 2026 | 122 | $582.6M | AAPL, MSFT, GOOG, BRK.A, NVDA |
| Q4 2025 | 127 | $596.4M | MSFT, AAPL, GOOG, BRK.A, NVDA |
| Q3 2025 | 126 | $576.9M | MSFT, AAPL, NVDA, BRK.A, GOOG |
| Q2 2025 | 122 | $537.8M | MSFT, AAPL, BRK.A, NVDA, AMZN |
| Q1 2025 | 112 | $500.9M | MSFT, AAPL, BRK.A, AMZN, FISV |
| Q4 2024 | 76 | $459.4M | MSFT, AAPL, NVDA, AMZN, GOOG |
| Q2 2024 | 111 | $445.9M | MSFT, AAPL, NVDA, GOOG, AMZN |
| Q1 2024 | 110 | $429.7M | MSFT, AAPL, AMZN, GOOG, NVDA |