# Perennial Investment Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1801523. Source: https://holderbook.com/funds/1801523-perennial-investment-advisors-llc/

- Reported value: $1.5B
- Positions: 561
- Weight of the ten largest: 33.5%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $64.7M | 323,551 | 4.3% | 27 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $59.0M | 496,052 | 3.9% | 14 |
| SPDR SERIES TRUST | [QUS](https://holderbook.com/stocks/QUS/) | $56.2M | 300,970 | 3.7% | 14 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $53.3M | 591,843 | 3.5% | 26 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $51.1M | 175,672 | 3.4% | 9 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $49.4M | 813,155 | 3.3% | 23 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $49.0M | 169,271 | 3.3% | 27 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $44.9M | 554,406 | 3.0% | 21 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $39.5M | 93,847 | 2.6% | 27 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $36.6M | 416,925 | 2.4% | 15 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $23.0M | 91,197 | 1.5% | 16 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $22.8M | 334,511 | 1.5% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $22.1M | 29,542 | 1.5% | 27 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $21.0M | 397,817 | 1.4% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $19.7M | 82,523 | 1.3% | 27 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $15.7M | 181,822 | 1.0% | 27 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $15.1M | 20,565 | 1.0% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $15.0M | 20,032 | 1.0% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $14.2M | 37,244 | 0.9% | 27 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $13.8M | 37,236 | 0.9% | 27 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $13.6M | 113,963 | 0.9% | 24 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $12.9M | 59,265 | 0.9% | 24 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $11.4M | 52,117 | 0.8% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $11.4M | 31,770 | 0.8% | 27 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $11.3M | 181,310 | 0.7% | 18 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $11.0M | 133,132 | 0.7% | 27 |
| BLACKROCK ETF TRUST | [IALT](https://holderbook.com/stocks/IALT/) | $10.1M | 361,743 | 0.7% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $10.0M | 20,075 | 0.7% | 27 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $9.7M | 196,110 | 0.6% | 7 |
| WISDOMTREE TR | [NTSX](https://holderbook.com/stocks/NTSX/) | $9.5M | 161,472 | 0.6% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $9.4M | 26,738 | 0.6% | 27 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $9.0M | 47,110 | 0.6% | 27 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $8.9M | 377,487 | 0.6% | 4 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $8.7M | 185,080 | 0.6% | 7 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $8.7M | 25,423 | 0.6% | 15 |
| GLOBAL X FDS | [CLIP](https://holderbook.com/stocks/CLIP/) | $8.5M | 84,691 | 0.6% | 8 |
| INNOVATOR ETFS TRUST | [SFLR](https://holderbook.com/stocks/SFLR/) | $8.0M | 208,597 | 0.5% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $8.0M | 112,261 | 0.5% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.7M | 20,344 | 0.5% | 27 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $7.6M | 266,213 | 0.5% | 14 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $7.4M | 48,514 | 0.5% | 19 |
| VANECK MERK GOLD ETF | [OUNZ](https://holderbook.com/stocks/OUNZ/) | $7.3M | 188,390 | 0.5% | 21 |
| CAPITAL GROUP GBL GROWTH EQT | [CGGO](https://holderbook.com/stocks/CGGO/) | $7.1M | 168,346 | 0.5% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.7M | 11,935 | 0.4% | 27 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $6.5M | 9,808 | 0.4% | 27 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $6.4M | 96,918 | 0.4% | 11 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $6.1M | 54,060 | 0.4% | 21 |
| GLOBAL X FDS | [SHLD](https://holderbook.com/stocks/SHLD/) | $5.9M | 98,691 | 0.4% | 4 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $5.8M | 4,329 | 0.4% | 10 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $5.7M | 92,236 | 0.4% | 14 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $5.5M | 124,737 | 0.4% | 7 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $5.5M | 109,023 | 0.4% | 5 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $5.5M | 47,089 | 0.4% | 21 |
| J P MORGAN EXCHANGE TRADED F | [JAVA](https://holderbook.com/stocks/JAVA/) | $5.4M | 68,416 | 0.4% | 6 |
| INVESCO EXCH TRADED FD TR II | [RWL](https://holderbook.com/stocks/RWL/) | $5.4M | 42,335 | 0.4% | 14 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $5.3M | 28,750 | 0.4% | 23 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $5.1M | 10,009 | 0.3% | 24 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $4.8M | 212,348 | 0.3% | 10 |
| BLACKROCK ETF TRUST | [BLCR](https://holderbook.com/stocks/BLCR/) | $4.8M | 95,211 | 0.3% | 1 |
| HARBOR ETF TRUST | [HGER](https://holderbook.com/stocks/HGER/) | $4.8M | 162,594 | 0.3% | 6 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $4.7M | 58,255 | 0.3% | 16 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $4.6M | 50,840 | 0.3% | 14 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $4.6M | 79,441 | 0.3% | 14 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $4.5M | 49,399 | 0.3% | 16 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $4.5M | 104,574 | 0.3% | 5 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $4.5M | 36,709 | 0.3% | 21 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $4.4M | 58,559 | 0.3% | 27 |
| NEOS ETF TRUST | [SPYI](https://holderbook.com/stocks/SPYI/) | $4.4M | 82,636 | 0.3% | 8 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $4.4M | 402,734 | 0.3% | 26 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.4M | 6,367 | 0.3% | 27 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $4.3M | 28,982 | 0.3% | 27 |
| FIRST TR EXCHANGE-TRADED FD | [FTHI](https://holderbook.com/stocks/FTHI/) | $4.2M | 177,809 | 0.3% | 8 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $4.2M | 15,353 | 0.3% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.9M | 3,269 | 0.3% | 14 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $3.8M | 55,762 | 0.3% | 14 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.7M | 30,085 | 0.2% | 27 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.7M | 3,950 | 0.2% | 27 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $3.7M | 30,936 | 0.2% | 14 |
| CORNERSTONE STRATEGIC INVEST | [CLM](https://holderbook.com/stocks/CLM/) | $3.7M | 484,530 | 0.2% | 14 |
| CAPITAL GROUP NEW GEOGRAPHY | [CGNG](https://holderbook.com/stocks/CGNG/) | $3.6M | 97,307 | 0.2% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.6M | 34,909 | 0.2% | 16 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $3.6M | 36,706 | 0.2% | 9 |
| CORNERSTONE TOTAL RETURN FD | [CRF](https://holderbook.com/stocks/CRF/) | $3.6M | 500,924 | 0.2% | 14 |
| FIRST TR EXCHNG TRADED FD VI | [BUFR](https://holderbook.com/stocks/BUFR/) | $3.6M | 97,866 | 0.2% | 11 |
| INVESCO EXCH TRD SLF IDX FD | [OMFL](https://holderbook.com/stocks/OMFL/) | $3.5M | 51,501 | 0.2% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.5M | 10,630 | 0.2% | 27 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.5M | 45,021 | 0.2% | 27 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.5M | 48,526 | 0.2% | 27 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.4M | 35,603 | 0.2% | 14 |
| VANECK FDS | [EMBX](https://holderbook.com/stocks/EMBX/) | $3.3M | 64,525 | 0.2% | 3 |
| CAPITAL GRP FIXED INCM ETF T | [CGCP](https://holderbook.com/stocks/CGCP/) | $3.3M | 147,563 | 0.2% | 6 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $3.3M | 29,831 | 0.2% | 14 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $3.2M | 4,921 | 0.2% | 10 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.2M | 13,604 | 0.2% | 24 |
| CAPITAL GRP FIXED INCM ETF T | [CGMS](https://holderbook.com/stocks/CGMS/) | $3.2M | 117,750 | 0.2% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.2M | 8,885 | 0.2% | 21 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $3.1M | 1,052 | 0.2% | 15 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $3.1M | 57,558 | 0.2% | 21 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.1M | 19,243 | 0.2% | 27 |
| FIRST TR EXCHANGE-TRADED FD | [FTCS](https://holderbook.com/stocks/FTCS/) | $3.0M | 32,439 | 0.2% | 27 |

## 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 | +14.1% | +14.8% | -0.7% | 100% |
| Q1 2026 | -3.9% | -4.6% | +0.7% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.7% | 100% |
| Q3 2025 | +7.9% | +7.8% | +0.0% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 100% |
| Q1 2025 | -4.9% | -4.6% | -0.3% | 100% |
| Q4 2024 | +1.9% | +2.1% | -0.2% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.5B | 561 |
| Q1 2026 | $1.3B | 498 |
| Q4 2025 | $1.3B | 491 |
| Q3 2025 | $1.2B | 475 |
| Q2 2025 | $1.0B | 451 |
| Q1 2025 | $889.3M | 422 |
| Q4 2024 | $849.0M | 397 |
| Q3 2024 | $771.9M | 383 |
| Q2 2024 | $700.8M | 355 |
| Q1 2024 | $658.9M | 347 |
| Q4 2023 | $603.7M | 329 |
| Q3 2023 | $553.7M | 327 |