Perennial Advisors, LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
1/12/2026
Form type
13F-HR
Num holdings
127
Total value ($000)
$596,431
Net value change ($000)
+19,044 (3.3%)
New positions
5
Sold out positions
4
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/14/2025 Next filing: 4/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 6,477 29.5%
NFLX 4,356 676.4%
SPYM 3,435 73.9%
AAPL 2,238 7.2%
GLD 2,000 13.1%
AXP 1,945 12.1%
TMO 1,876 24.0%
APH 1,756 8.1%
FDX 1,583 25.0%
AMZN 1,572 8.3%
Top Reduces (Value $000, Stocks/ETFs)
FISV -7,509 -78.1%
APD -6,146 -76.9%
ADBE -3,390 -100.0%
MSFT -2,222 -5.8%
SPTS -880 -100.0%
NVDA -795 -3.1%
COST -729 -5.9%
HD -696 -12.2%
FAST -695 -18.2%
ZTS -693 -16.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type