Pallas Capital Advisors LLC
Long book
$2.66B
Q1 2026
Positions
862
Top-10 weight
30%
concentration
Last quarter
+19.2%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsPallas Capital Advisors LLC is an institutional manager, running a $2.66B US long book across 862 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BRUKER CORP, GLOBAL PARTNERS LP, JANUS HENDERSON MORTG BACKED, MICROSOFT CORP, APPLE INC.
Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-10.4%
Q2 2024
+6.2%
Q3 2024
-2.9%
Q4 2024
-7.9%
Q1 2025
+6.9%
Q2 2025
+2.5%
Q3 2025
+7.0%
Q4 2025
-4.1%
Q1 2026
+19.2%
Sector allocation
Healthcare 27%
Technology 24%
Consumer discretionary 12%
Industrials 11%
Financials 10%
Services media 4%
Utilities 3%
Other 3%
Long book by quarter
What does Pallas Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRKR BRUKER CORP | Healthcare | 9.5M | $342.5M | 12.9% | 0.0% |
| GLP GLOBAL PARTNERS LP | Consumer discretionary | 1.7M | $72.7M | 2.7% | +6.1% |
| MSFT MICROSOFT CORP | Technology | 157.8K | $58.4M | 2.2% | +2.0% |
| AAPL APPLE INC | Technology | 198.7K | $50.4M | 1.9% | -16.0% |
| NVDA NVIDIA CORP | Technology | 277.3K | $48.4M | 1.8% | -5.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 225.5K | $47.0M | 1.8% | -5.3% |
| GOOGL ALPHABET INC-CL A | Technology | 139.8K | $40.2M | 1.5% | -8.1% |
| AVGO BROADCOM INC | Technology | 99.1K | $30.7M | 1.2% | -6.6% |
| JPM JPMORGAN CHASE & CO | Financials | 90.6K | $26.6M | 1.0% | -5.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 46.8K | $22.4M | 0.8% | -5.9% |
| GOOG ALPHABET INC-CL C | Technology | 68.6K | $19.7M | 0.7% | -3.8% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 13.9K | $19.2M | 0.7% | -27.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 75.8K | $18.5M | 0.7% | -8.0% |
| LIN LINDE PLC | Materials | 34.0K | $16.9M | 0.6% | -3.5% |
| TJX TJX COMPANIES INC | Consumer discretionary | 103.5K | $16.5M | 0.6% | -7.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 99.2K | $14.3M | 0.5% | -0.7% |
| META META PLATFORMS INC-CLASS A | Technology | 23.5K | $13.5M | 0.5% | -9.5% |
| XOM EXXON MOBIL CORP | Energy | 77.3K | $13.1M | 0.5% | -55.3% |
| V VISA INC-CLASS A SHARES | Services media | 41.8K | $12.6M | 0.5% | -6.2% |
| LNG CHENIERE ENERGY INC | Utilities | 40.7K | $11.5M | 0.4% | -9.0% |
| DOV DOVER CORP | Industrials | 53.6K | $11.2M | 0.4% | -8.7% |
| BAC BANK OF AMERICA CORP | Financials | 221.5K | $10.8M | 0.4% | -5.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 10.4K | $10.4M | 0.4% | +0.1% |
| KO COCA-COLA CO/THE | Consumer staples | 133.6K | $10.2M | 0.4% | -5.4% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 47.6K | $9.9M | 0.4% | -15.5% |
| EMR EMERSON ELECTRIC CO | Industrials | 69.4K | $9.1M | 0.3% | -5.7% |
| LLY ELI LILLY & CO | Healthcare | 9.8K | $9.0M | 0.3% | -43.5% |
| PH PARKER HANNIFIN CORP | Industrials | 10.0K | $9.0M | 0.3% | -7.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 86.5K | $8.9M | 0.3% | -3.4% |
| VST VISTRA CORP | Utilities | 57.4K | $8.6M | 0.3% | -5.0% |
| CRM SALESFORCE INC | Technology | 43.7K | $8.2M | 0.3% | +0.3% |
| MRK MERCK & CO. INC. | Healthcare | 67.5K | $8.1M | 0.3% | -5.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 99.0K | $7.1M | 0.3% | -8.0% |
| MA MASTERCARD INC - A | Services media | 14.1K | $7.0M | 0.3% | -6.5% |
| AXSM AXSOME THERAPEUTICS INC | Healthcare | 40.6K | $6.9M | 0.3% | -7.5% |
| NFLX NETFLIX INC | Services media | 71.0K | $6.8M | 0.3% | +8.4% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 68.7K | $6.8M | 0.3% | -11.8% |
| NEE NEXTERA ENERGY INC | Utilities | 72.9K | $6.8M | 0.3% | -8.7% |
| DHR DANAHER CORP | Technology | 34.9K | $6.6M | 0.2% | +1.3% |
| TRGP TARGA RESOURCES CORP | Utilities | 25.0K | $6.3M | 0.2% | -9.9% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 66.2K | $6.1M | 0.2% | -8.1% |
| SYK STRYKER CORP | Healthcare | 18.6K | $6.1M | 0.2% | -3.1% |
| RTX RTX CORP | Industrials | 30.6K | $5.9M | 0.2% | -8.2% |
| ORCL ORACLE CORP | Technology | 39.9K | $5.9M | 0.2% | -5.9% |
| J JACOBS SOLUTIONS INC | Industrials | 46.0K | $5.9M | 0.2% | -7.0% |
| CTVA CORTEVA INC | Consumer staples | 68.9K | $5.8M | 0.2% | -11.3% |
| BKR BAKER HUGHES CO | Industrials | 94.2K | $5.8M | 0.2% | -8.0% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 92.3K | $5.6M | 0.2% | -4.0% |
| ABBV ABBVIE INC | Healthcare | 25.4K | $5.5M | 0.2% | -9.2% |
| ETN EATON CORP PLC | Industrials | 15.4K | $5.5M | 0.2% | -10.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 862 | $2.66B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 882 | $3.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 871 | $2.72B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 859 | $2.63B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 14, 2025 | 762 | $2.41B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 582 | $2.34B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 598 | $2.34B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 504 | $2.22B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 432 | $2.40B | canonical | SEC ↗ |
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