Perennial Advisors, LLC
Long book
$582.6M
Q1 2026
Positions
122
Top-10 weight
38%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsPerennial Advisors, LLC is a diversified fundamental manager, running a $582.6M US long book across 122 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, MICROSOFT CORP, ALPHABET INC-CL C, BERKSHIRE HATHAWAY INC-CL A, NVIDIA CORP.
Over the last 8 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 8 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.6%
Q2 2024
+5.3%
Q4 2024
-2.7%
Q1 2025
+7.3%
Q2 2025
+6.6%
Q3 2025
+2.4%
Q4 2025
-3.6%
Q1 2026
+10.4%
Sector allocation
Technology 35%
Financials 16%
Consumer discretionary 13%
Industrials 13%
Services media 8%
Healthcare 6%
Other 3%
Utilities 2%
Long book by quarter
What does Perennial Advisors, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 122.5K | $31.1M | 5.3% | +0.5% |
| MSFT MICROSOFT CORP | Technology | 75.3K | $27.9M | 4.8% | +1.3% |
| GOOG ALPHABET INC-CL C | Technology | 90.0K | $25.8M | 4.4% | -0.7% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 33 | $23.7M | 4.1% | Held |
| NVDA NVIDIA CORP | Technology | 131.8K | $23.0M | 3.9% | -0.8% |
| APH AMPHENOL CORP-CL A | Technology | 168.6K | $21.3M | 3.7% | -3.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 90.5K | $18.9M | 3.2% | +1.8% |
| JPM JPMORGAN CHASE & CO | Financials | 56.2K | $16.5M | 2.8% | -0.7% |
| AXP AMERICAN EXPRESS CO | Financials | 48.6K | $14.7M | 2.5% | -0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 13.5K | $13.5M | 2.3% | +0.9% |
| MA MASTERCARD INC - A | Services media | 25.2K | $12.6M | 2.2% | +1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 48.8K | $11.9M | 2.0% | -3.6% |
| V VISA INC-CLASS A SHARES | Services media | 38.6K | $11.7M | 2.0% | +1.8% |
| KKR KKR & CO INC | Financials | 116.1K | $10.7M | 1.8% | +1.4% |
| CSCO CISCO SYSTEMS INC | Technology | 133.6K | $10.4M | 1.8% | -0.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 43.9K | $9.9M | 1.7% | -3.3% |
| META META PLATFORMS INC-CLASS A | Technology | 16.9K | $9.7M | 1.7% | -5.8% |
| FDX FEDEX CORP | Industrials | 26.8K | $9.6M | 1.6% | -2.0% |
| UNP UNION PACIFIC CORP | Industrials | 36.8K | $8.9M | 1.5% | +0.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 28.2K | $8.8M | 1.5% | +1.6% |
| GD GENERAL DYNAMICS CORP | Industrials | 25.3K | $8.7M | 1.5% | -1.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 16.8K | $8.3M | 1.4% | +0.6% |
| AWK AMERICAN WATER WORKS CO INC | Utilities | 51.3K | $7.0M | 1.2% | +4.5% |
| AMGN AMGEN INC | Healthcare | 19.7K | $6.9M | 1.2% | -1.2% |
| AMAT APPLIED MATERIALS INC | Technology | 20.2K | $6.9M | 1.2% | -7.5% |
| NFLX NETFLIX INC | Services media | 66.9K | $6.4M | 1.1% | +25.4% |
| DIS WALT DISNEY CO/THE | Services media | 66.6K | $6.4M | 1.1% | +1.3% |
| XYL XYLEM INC | Industrials | 51.1K | $6.1M | 1.0% | +1.8% |
| USB US BANCORP | Financials | 112.5K | $5.8M | 1.0% | +1.2% |
| MDT MEDTRONIC PLC | Healthcare | 64.0K | $5.5M | 1.0% | +3.5% |
| LIN LINDE PLC | Materials | 10.8K | $5.3M | 0.9% | +343.8% |
| TJX TJX COMPANIES INC | Consumer discretionary | 33.3K | $5.3M | 0.9% | +1.8% |
| SBUX STARBUCKS CORP | Consumer discretionary | 59.1K | $5.3M | 0.9% | +3.1% |
| HD HOME DEPOT INC | Consumer discretionary | 15.2K | $5.0M | 0.9% | +3.9% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 99.2K | $5.0M | 0.9% | -3.7% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 77.5K | $4.5M | 0.8% | +6.1% |
| ARCC ARES CAPITAL CORP | — | 236.1K | $4.3M | 0.7% | +2.3% |
| LEA LEAR CORP | Industrials | 33.0K | $4.0M | 0.7% | +3.1% |
| ZTS ZOETIS INC | Healthcare | 32.3K | $3.8M | 0.7% | +13.8% |
| FAST FASTENAL CO | Consumer discretionary | 77.1K | $3.6M | 0.6% | -0.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 2.4K | $3.2M | 0.6% | -1.2% |
| GOOGL ALPHABET INC-CL A | Technology | 9.9K | $2.8M | 0.5% | +5.8% |
| LRCX LAM RESEARCH CORP | Industrials | 13.2K | $2.8M | 0.5% | -14.8% |
| NKE NIKE INC -CL B | Other | 33.0K | $1.7M | 0.3% | -14.3% |
| FISV FISERV INC | Services media | 29.3K | $1.6M | 0.3% | -6.6% |
| XOM EXXON MOBIL CORP | Energy | 9.2K | $1.6M | 0.3% | -10.2% |
| KLAC KLA CORP | Other | 933 | $1.4M | 0.2% | -1.8% |
| GATX GATX CORP | Industrials | 5.9K | $999K | 0.2% | -2.1% |
| EXP EAGLE MATERIALS INC | Industrials | 5.0K | $955K | 0.2% | -1.0% |
| CVX CHEVRON CORP | Energy | 3.9K | $812K | 0.1% | 0.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 124 | $587.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 127 | $596.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 127 | $577.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 123 | $538.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 14, 2025 | 113 | $501.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 21, 2025 | 76 | $459.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 112 | $446.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 10, 2024 | 111 | $430.0M | canonical | SEC ↗ |
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