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

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $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 $582.6M Q1 2026 Q2 2026: $643.2M Q2 2026

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%
IBIT iShares Bitcoin Trust ETF 0.05% 8,155 $313K Reduce -13.4%
T AT&T Inc. 0.05% 10,095 $293K No change
BX Blackstone Inc. 0.05% 2,426 $279K Add +20.3%
LMT Lockheed Martin Corp. 0.05% 458 $277K Reduce -11.4%
TSM Taiwan Semiconductor-SP ADR 0.05% 800 $270K No change
BLK BlackRock Inc. 0.05% 281 $270K Add +19.1%
HPE Hewlett Packard Enterprise 0.05% 11,030 $263K No change
HPQ HP Inc. 0.04% 13,500 $259K No change
WMB Williams Cos Inc. 0.04% 3,483 $253K Reduce -16.0%
ADP Automatic Data Processing 0.04% 1,225 $249K Reduce -1.2%
STT State Street Corp. 0.04% 1,923 $243K No change
EFA iShares MSCI Eafe ETF 0.04% 2,355 $229K Add +0.9%
PG The Procter & Gamble Co. 0.04% 1,573 $227K Reduce -4.1%
PLTR Palantir Technologies Inc. Class A 0.04% 1,520 $222K No change
BKNG Booking Holdings Inc. 0.04% 52 $219K Reduce -16.1%
CMCSA Comcast Corp. Class A 0.04% 7,604 $218K Reduce -13.4%
BA The Boeing Co. 0.04% 1,066 $212K Reduce -0.5%
MMM 3M Co. 0.04% 1,451 $211K No change
APO Apollo Global Management Inc. 0.03% 1,800 $201K No change
BRW Saba Capital Income & Opport 0.01% 10,787 $73K Add +3.9%
ASPI Asp Isotopes Inc. 0.01% 15,000 $66K No change
DAVA Endava PLC- Spon ADR 0.01% 10,000 $44K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $4.7M (not counted above)
SecurityClassShares / PrincipalValueChange
SPY SS SPDR S&P 500 ETF Trust-US TR UNIT · principal 4,500$2.9MNew
QQQ Invesco QQQ Trust Series 1 UNIT SER 1 · principal 3,000$1.7MNew

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

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