# Perennial Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1697360. Source: https://holderbook.com/funds/1697360-perennial-advisors-llc/

- Reported value: $649.2M
- Positions: 136
- Weight of the ten largest: 37.9%
- Filed: 2026-07-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $35.2M | 121,530 | 5.4% | 30 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $31.4M | 88,966 | 4.8% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.1M | 75,347 | 4.3% | 30 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $27.6M | 156,471 | 4.2% | 30 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $25.8M | 129,063 | 4.0% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $24.7M | 33 | 3.8% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $21.7M | 90,903 | 3.3% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $17.8M | 54,419 | 2.7% | 30 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $17.2M | 46,582 | 2.6% | 30 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $16.3M | 48,090 | 2.5% | 30 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $15.5M | 131,942 | 2.4% | 30 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $14.4M | 19,852 | 2.2% | 12 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $13.5M | 18,072 | 2.1% | 30 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $13.0M | 37,842 | 2.0% | 30 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $12.8M | 24,883 | 2.0% | 30 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $12.4M | 13,269 | 1.9% | 30 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $12.3M | 48,537 | 1.9% | 30 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $12.3M | 140,225 | 1.9% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $10.9M | 214,996 | 1.7% | 26 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $10.4M | 112,929 | 1.6% | 30 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $9.9M | 36,314 | 1.5% | 30 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $9.3M | 182,241 | 1.4% | 30 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.2M | 16,394 | 1.4% | 30 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $8.7M | 24,554 | 1.3% | 30 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $8.4M | 16,718 | 1.3% | 30 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $8.0M | 25,707 | 1.2% | 30 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $7.6M | 28,095 | 1.2% | 30 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $7.4M | 20,034 | 1.1% | 30 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $6.7M | 50,706 | 1.0% | 30 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $6.5M | 108,381 | 1.0% | 30 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.3M | 17,507 | 1.0% | 30 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $6.2M | 78,880 | 1.0% | 30 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $6.1M | 51,725 | 0.9% | 30 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.0M | 62,110 | 0.9% | 30 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $6.0M | 11,490 | 0.9% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $5.8M | 57,241 | 0.9% | 30 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.7M | 7,773 | 0.9% | 12 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $5.5M | 12,640 | 0.8% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $5.3M | 14,904 | 0.8% | 30 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $5.0M | 33,102 | 0.8% | 12 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $5.0M | 70,074 | 0.8% | 6 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $4.9M | 2,456 | 0.8% | 6 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $4.9M | 68,254 | 0.7% | 30 |
| MORGAN STANLEY ETF TRUST | [EVLN](https://holderbook.com/stocks/EVLN/) | $4.8M | 98,238 | 0.7% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $4.7M | 21,088 | 0.7% | 1 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.4M | 56,098 | 0.7% | 30 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $4.2M | 51,398 | 0.7% | 30 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $4.2M | 31,582 | 0.7% | 30 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $4.2M | 224,244 | 0.6% | 30 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $4.1M | 135,297 | 0.6% | 30 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.0M | 95,219 | 0.6% | 30 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $4.0M | 78,894 | 0.6% | 14 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $3.8M | 46,088 | 0.6% | 14 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $3.7M | 76,940 | 0.6% | 30 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.6M | 16,794 | 0.6% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.4M | 9,493 | 0.5% | 6 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $3.4M | 5,171 | 0.5% | 1 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $3.3M | 43,353 | 0.5% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $3.1M | 19,702 | 0.5% | 30 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.7M | 8,980 | 0.4% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.7M | 7,029 | 0.4% | 5 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $2.7M | 45,866 | 0.4% | 17 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $2.3M | 112,300 | 0.4% | 30 |
| J P MORGAN EXCHANGE TRADED F | [JMTG](https://holderbook.com/stocks/JMTG/) | $2.2M | 44,290 | 0.3% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.0M | 1,687 | 0.3% | 1 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.9M | 8,473 | 0.3% | 4 |
| FEDEX FGHT HLDG CO INC | - | $1.9M | 12,657 | 0.3% | 1 |
| TIDAL TRUST II | [AIPO](https://holderbook.com/stocks/AIPO/) | $1.9M | 56,114 | 0.3% | 1 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $1.9M | 16,876 | 0.3% | 6 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $1.8M | 6,086 | 0.3% | 2 |
| ISHARES TR | [NYF](https://holderbook.com/stocks/NYF/) | $1.8M | 33,450 | 0.3% | 4 |
| GLOBAL X FDS | [SHLD](https://holderbook.com/stocks/SHLD/) | $1.5M | 24,295 | 0.2% | 1 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.4M | 28,128 | 0.2% | 30 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3M | 9,160 | 0.2% | 24 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.2M | 2,213 | 0.2% | 1 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.1M | 22,597 | 0.2% | 15 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $1.1M | 5,043 | 0.2% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.1M | 1,594 | 0.2% | 6 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $1.0M | 4,244 | 0.2% | 6 |
| GATX CORP | [GATX](https://holderbook.com/stocks/GATX/) | $1.0M | 5,853 | 0.2% | 6 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.0M | 19,271 | 0.2% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $996.6K | 19,675 | 0.2% | 10 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $852.0K | 3,085 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $792.1K | 27,350 | 0.1% | 30 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $783.7K | 9,484 | 0.1% | 12 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $693.2K | 2,465 | 0.1% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $654.8K | 1,920 | 0.1% | 6 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $645.1K | 1,514 | 0.1% | 6 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $621.7K | 3,194 | 0.1% | 5 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $609.3K | 2,078 | 0.1% | 30 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $590.4K | 3,562 | 0.1% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $579.2K | 4,278 | 0.1% | 6 |
| FIDELITY COVINGTON TRUST | [FELG](https://holderbook.com/stocks/FELG/) | $554.5K | 12,675 | 0.1% | 10 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $534.4K | 3,405 | 0.1% | 6 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $522.2K | 392 | 0.1% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $522.1K | 9,162 | 0.1% | 6 |
| CENTURY ALUM CO | [CENX](https://holderbook.com/stocks/CENX/) | $500.0K | 10,868 | 0.1% | 10 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $497.6K | 11,030 | 0.1% | 12 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $478.5K | 3,724 | 0.1% | 6 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $469.9K | 3,784 | 0.1% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.9% | +14.8% | -6.0% | 100% |
| Q1 2026 | -4.0% | -4.6% | +0.6% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.4% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.6% | 100% |
| Q2 2025 | +6.9% | +10.5% | -3.6% | 100% |
| Q1 2025 | -3.2% | -4.6% | +1.4% | 100% |
| Q3 2024 | +4.8% | +5.4% | -0.6% | 100% |
| Q2 2024 | +3.2% | +4.0% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $649.2M | 136 |
| Q1 2026 | $587.2M | 122 |
| Q4 2025 | $596.4M | 127 |
| Q3 2025 | $577.4M | 126 |
| Q2 2025 | $538.3M | 122 |
| Q1 2025 | $501.3M | 112 |
| Q4 2024 | $459.4M | 76 |
| Q2 2024 | $446.1M | 111 |
| Q1 2024 | $430.0M | 110 |
| Q4 2023 | $407.0M | 114 |
| Q3 2023 | $370.8M | 108 |
| Q2 2023 | $392.3M | 116 |