DaveManuel.com · Institutional Ownership · 13F Holdings
Perennial Advisors, LLC
Reported holdings as of Q3 2026, from 31 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $40.0M | 120,246 | +0.57pp | 31q | -1.1%-$427.6K | |
| MICROSOFT CORP | MSFT | $37.9M | 73,871 | +1.33pp | 31q | -2.0%-$757.0K | |
| ALPHABET INC | GOOG | $30.2M | 88,647 | -0.33pp | 31q | HELD | |
| NVIDIA CORPORATION | NVDA | $28.9M | 126,748 | +0.35pp | 18q | -1.8%-$528.7K | |
| AMPHENOL CORP | APH | $25.8M | 306,306 | -0.39pp | 31q | -2.1%-$559.4K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $24.7M | 33 | -0.12pp | 7q | HELD | |
| AMAZON COM INC | AMZN | $22.5M | 90,420 | +0.03pp | 31q | -0.5%-$120.3K | |
| JPMORGAN CHASE & CO | JPM | $17.5M | 52,980 | -0.13pp | 31q | -2.6%-$476.1K | |
| SPDR GOLD TR | GLD | $17.4M | 45,646 | -0.05pp | 31q | -2.0%-$356.5K | |
| SPDR SERIES TRUST | SPYM | $14.7M | 164,103 | +0.30pp | 8q | +17.0%+$2.1M | |
| AMERICAN EXPRESS CO | AXP | $14.5M | 47,582 | -0.34pp | 31q | -1.1%-$154.5K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $14.0M | 18,322 | +0.01pp | 31q | +1.4%+$190.7K | |
| CISCO SYS INC | CSCO | $14.0M | 129,798 | -0.30pp | 31q | -1.6%-$230.8K | |
| MASTERCARD INCORPORATED | MA | $13.4M | 24,387 | +0.04pp | 31q | -2.0%-$273.5K | |
| VISA INC | V | $13.2M | 36,802 | -0.02pp | 31q | -2.7%-$373.7K | |
| JOHNSON & JOHNSON | JNJ | $12.6M | 47,479 | -0.02pp | 31q | -2.2%-$280.1K | |
| COSTCO WHOLESALE CORPORATION | COST | $11.9M | 13,066 | -0.14pp | 31q | -1.5%-$184.8K | |
| META PLATFORMS INC | META | $11.5M | 15,854 | +0.30pp | 31q | -3.3%-$391.6K | |
| J P MORGAN EXCHANGE TRADED F | JPST | $11.3M | 223,683 | +0.01pp | 27q | +4.0%+$437.6K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $10.9M | 16,187 | +0.34pp | 31q | -3.2%-$358.5K | |
| KKR & CO INC | KKR | $10.1M | 110,588 | -0.09pp | 31q | -2.1%-$213.7K | |
| APPLIED MATLS INC | AMAT | $9.9M | 19,436 | -0.73pp | 13q | -2.1%-$212.7K | |
| VANGUARD INDEX FDS | VTI | $9.8M | 26,097 | +0.32pp | 31q | +30.3%+$2.3M | |
| UNION PAC CORP | UNP | $9.7M | 35,530 | -0.08pp | 31q | -2.2%-$213.3K | |
| ISHARES TR | FLOT | $9.7M | 189,074 | +0.01pp | 31q | +3.7%+$348.8K | |
| GENERAL DYNAMICS CORP | GD | $7.9M | 23,837 | -0.16pp | 31q | -2.9%-$237.9K | |
| FEDEX CORP | FDX | $7.2M | 25,080 | -0.17pp | 31q | -2.4%-$178.8K | |
| AMGEN INC | AMGN | $7.1M | 16,846 | +0.08pp | 31q | -3.8%-$278.6K | |
| VANGUARD TAX-MANAGED FDS | VEA | $6.7M | 95,251 | +0.26pp | 31q | +39.6%+$1.9M | |
| AMERICAN WTR WKS CO INC NEW | AWK | $6.4M | 49,500 | -0.07pp | 31q | -2.4%-$156.1K | |
| MCDONALDS CORP | MCD | $6.3M | 27,392 | -0.22pp | 31q | -2.5%-$162.4K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $6.2M | 80,263 | -0.03pp | 31q | +1.8%+$106.8K | |
| DISNEY WALT CO | DIS | $6.1M | 58,442 | -0.01pp | 31q | -5.9%-$384.8K | |
| US BANCORP | USB | $5.9M | 102,940 | -0.12pp | 31q | -5.0%-$314.3K | |
| INVESCO QQQ TR | QQQ | $5.7M | 7,770 | -0.02pp | 13q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $5.5M | 26,330 | +0.27pp | 3q | +56.8%+$2.0M | |
| LINDE PLC | LIN | $5.4M | 11,455 | -0.11pp | 4q | HELD | |
| XYLEM INC | XYL | $5.2M | 51,108 | -0.17pp | 31q | -1.2%-$62.5K | |
| STARBUCKS CORP | SBUX | $5.1M | 54,447 | -0.14pp | 31q | -4.9%-$262.5K | |
| MEDTRONIC PLC | MDT | $4.7M | 54,999 | +0.03pp | 31q | -2.0%-$94.8K | |
| MORGAN STANLEY ETF TRUST | EVLN | $4.7M | 97,733 | -0.03pp | 2q | -0.5%-$24.5K | |
| ASML HLDG NV | ASML | $4.4M | 2,450 | -0.09pp | 7q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $4.4M | 96,695 | +0.04pp | 31q | +1.6%+$67.7K | |
| HONEYWELL INTL INC | HON | $4.4M | 20,838 | - | new | NEW | |
| TJX COS INC NEW | TJX | $4.3M | 32,265 | -0.13pp | 13q | -2.5%-$110.7K | |
| J P MORGAN EXCHANGE TRADED F | JMST | $4.2M | 83,958 | +0.01pp | 15q | +6.4%+$256.0K | |
| NETFLIX INC. | NFLX | $4.2M | 60,525 | -0.14pp | 7q | -13.6%-$664.4K | |
| VANECK ETF TRUST | SMH | $4.2M | 6,871 | +0.10pp | 2q | +32.9%+$1.0M | |
| VANGUARD SCOTTSDALE FDS | VCIT | $4.2M | 53,260 | -0.03pp | 31q | +3.6%+$145.8K | |
| HOME DEPOT INC | HD | $4.1M | 14,431 | -0.20pp | 31q | -3.2%-$134.6K | |
| ISHARES TR | SHY | $4.1M | 50,376 | +0.03pp | 15q | +9.3%+$348.2K | |
| LAM RESEARCH CORP | LRCX | $4.1M | 12,415 | -0.23pp | 8q | -1.8%-$73.9K | |
| ARES CAPITAL CORP | ARCC | $4.0M | 211,617 | -0.04pp | 31q | -5.6%-$241.2K | |
| ISHARES TR | PFF | $3.8M | 130,450 | -0.06pp | 31q | -3.6%-$143.0K | |
| FASTENAL CO | FAST | $3.8M | 76,840 | flat | 31q | HELD | |
| LEAR CORP | LEA | $3.6M | 30,200 | -0.12pp | 31q | -4.4%-$163.1K | |
| ISHARES GOLD TR | IAU | $3.4M | 43,353 | flat | 3q | HELD | |
| ALPHABET INC | GOOGL | $3.2M | 9,284 | -0.05pp | 7q | -2.2%-$71.9K | |
| HONEYWELL AEROSPACE INC | HONA | $3.2M | 20,527 | -0.24pp | 2q | -2.7%-$86.9K | |
| BROADCOM INC | AVGO | $3.2M | 9,011 | +0.06pp | 6q | +28.2%+$696.1K | |
| MONDELEZ INTL INC | MDLZ | $2.7M | 46,820 | flat | 18q | +2.1%+$55.2K | |
| VANGUARD WORLD FD | VHT | $2.6M | 8,173 | +0.11pp | 3q | +34.3%+$659.7K | |
| NOVARTIS AG | NVS | $2.5M | 17,801 | -0.10pp | 31q | -9.6%-$271.0K | |
| INVESCO EXCH TRADED FD TR II | BKLN | $2.3M | 114,841 | flat | 31q | +2.3%+$51.9K | |
| J P MORGAN EXCHANGE TRADED F | JMTG | $2.3M | 46,720 | -0.01pp | 3q | +5.5%+$117.5K | |
| iShares Tr | SHV | $2.1M | 19,449 | +0.03pp | 7q | +15.2%+$283.9K | |
| GE VERNOVA INC | GEV | $2.1M | 2,231 | +0.01pp | 2q | +32.2%+$517.1K | |
| ISHARES TR | IVE | $1.9M | 8,473 | -0.01pp | 5q | HELD | |
| ISHARES TR | ITA | $1.9M | 8,964 | +0.23pp | 2q | +618.8%+$1.6M | |
| KLA CORP | KLAC | $1.7M | 8,830 | -0.16pp | 7q | -1.7%-$29.2K | |
| TIDAL TRUST II | AIPO | $1.7M | 59,411 | -0.04pp | 2q | +5.9%+$93.0K | |
| ISHARES TR | NYF | $1.6M | 30,725 | -0.05pp | 5q | -8.1%-$137.7K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $1.5M | 9,160 | - | new | NEW | |
| STAGWELL INC | STGW | $1.5M | 179,511 | - | new | NEW | |
| FEDEX FGHT HLDG CO INC | FDXF | $1.4M | 12,629 | -0.09pp | 2q | HELD | |
| VANGUARD ADMIRAL FDS INC | VOOG | $1.4M | 16,137 | - | new | NEW | |
| FISERV INC | FISV | $1.3M | 28,038 | -0.02pp | 31q | HELD | |
| VANGUARD ADMIRAL FDS INC | VOOV | $1.2M | 5,613 | - | new | NEW | |
| SELECT SECTOR SPDR TR | XLF | $1.1M | 20,894 | +0.01pp | 7q | +8.4%+$86.7K | |
| VANGUARD MUN BD FDS | VTEB | $1.1M | 22,940 | -0.01pp | 16q | +1.5%+$16.2K | |
| VANGUARD INDEX FDS | VOO | $1.0M | 1,476 | -0.01pp | 7q | -7.4%-$82.7K | |
| J P MORGAN EXCHANGE TRADED F | JMUB | $1.0M | 21,250 | flat | 11q | +8.0%+$74.9K | |
| GATX CORP | GATX | $995.1K | 5,853 | -0.01pp | 7q | HELD | |
| VANGUARD INDEX FDS | VXF | $975.4K | 4,211 | -0.02pp | 7q | -0.8%-$7.6K | |
| CHEVRON CORPORATION | CVX | $969.4K | 4,747 | +0.05pp | 7q | +33.3%+$242.0K | |
| INVESCO EXCH TRADED FD TR II | QQQM | $947.7K | 3,111 | +0.10pp | 2q | +286.5%+$702.5K | |
| EAGLE MATLS INC | EXP | $862.5K | 5,043 | -0.05pp | 7q | HELD | |
| SCHWAB STRATEGIC TR | SCHB | $770.0K | 26,270 | -0.01pp | 31q | -3.9%-$31.7K | |
| ISHARES TR | IWM | $764.8K | 2,752 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $760.8K | 1,915 | +0.01pp | 7q | HELD | |
| WELLS FARGO & CO | WFC | $759.5K | 9,488 | -0.01pp | 13q | HELD | |
| NEBIUS GROUP N.V. | NBIS | $727.7K | 3,085 | -0.02pp | 6q | HELD | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $704.7K | 11,030 | +0.03pp | 13q | HELD | |
| EATON CORP PLC | ETN | $650.6K | 1,514 | flat | 7q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $578.2K | 2,078 | -0.01pp | 31q | HELD | |
| FIDELITY COVINGTON TRUST | FELG | $551.2K | 12,225 | flat | 11q | -3.6%-$20.3K | |
| PEPSICO INC | PEP | $542.5K | 4,281 | -0.01pp | 7q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $542.1K | 2,465 | -0.03pp | 5q | HELD | |
| MERCK & CO INC | MRK | $541.1K | 3,724 | +0.01pp | 7q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VT | $535.0K | 3,389 | flat | 7q | HELD | |
| BANK OF AMER CORP | BAC | $498.7K | 9,162 | -0.01pp | 7q | HELD | |
| STATE STR SPDR DOW JONES IND | DIA | $490.8K | 965 | -0.10pp | 2q | -56.4%-$634.7K | |
| ISHARES TR | IWF | $474.0K | 3,784 | flat | 7q | HELD | |
| SPDR INDEX SHS FDS | SPGM | $463.2K | 5,355 | flat | 6q | HELD | |
| BWX TECHNOLOGIES INC | BWXT | $440.7K | 3,217 | -0.03pp | 6q | +0.7%+$3.2K | |
| TRANSDIGM GROUP INC | TDG | $424.4K | 392 | -0.02pp | 7q | HELD | |
| HP INC | HPQ | $422.3K | 13,500 | +0.02pp | 13q | HELD | |
| CENTURY ALUM CO | CENX | $391.0K | 10,868 | -0.02pp | 11q | HELD | |
| SEACOR MARINE HLDGS INC | SMHI | $371.2K | 45,709 | flat | 26q | -0.7%-$2.7K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $365.0K | 800 | flat | 5q | HELD | |
| VANGUARD INSTL INDEX FD | VBIL | $354.7K | 4,685 | - | new | NEW | |
| TESLA INC | TSLA | $353.0K | 995 | -0.01pp | 7q | HELD | |
| STATE STR CORP | STT | $327.0K | 1,873 | flat | 6q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JTNY | $325.1K | 6,900 | - | new | NEW | |
| AUTOMATIC DATA PROCESSING IN | ADP | $312.3K | 1,210 | flat | 7q | -1.2%-$3.9K | |
| MICRON TECHNOLOGY INC | MU | $303.6K | 285 | flat | 2q | +3.6%+$10.7K | |
| VANGUARD WHITEHALL FDS | VYM | $291.9K | 1,881 | flat | 2q | HELD | |
| BLACKROCK INC | BLK | $287.9K | 272 | flat | 7q | HELD | |
| BRISTOW GROUP INC | VTOL | $286.1K | 7,025 | flat | 7q | HELD | |
| ISHARES SILVER TR | SLV | $268.9K | 4,933 | flat | 5q | HELD | |
| ISHARES BITCOIN TRUST ETF | IBIT | $267.2K | 5,645 | flat | 8q | -27.8%-$102.7K | |
| TEXAS INSTRS INC | TXN | $261.0K | 932 | flat | 2q | -0.5%-$1.4K | |
| DIMENSIONAL ETF TRUST | DFAX | $256.6K | 6,931 | flat | 2q | HELD | |
| CONSTELLATION ENERGY CORP | CEG | $253.3K | 997 | flat | 2q | HELD | |
| ISHARES TR | EFA | $253.0K | 2,435 | flat | 5q | +2.3%+$5.7K | |
| INTEL CORP | INTC | $240.5K | 2,000 | -0.01pp | 2q | HELD | |
| 3M CO | MMM | $238.2K | 1,451 | flat | 7q | HELD | |
| WILLIAMS COS INC | WMB | $236.7K | 3,483 | flat | 7q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $235.8K | 463 | flat | 7q | HELD | |
| ABBVIE INC | ABBV | $225.5K | 862 | flat | 2q | HELD | |
| DIMENSIONAL ETF TRUST | DFUS | $222.4K | 2,678 | flat | 2q | HELD | |
| BLACKSTONE INC | BX | $214.9K | 1,917 | flat | 7q | HELD | |
| ISHARES TR | IVW | $210.0K | 1,476 | flat | 2q | HELD | |
| BOOKING HOLDINGS INC | BKNG | $203.6K | 1,250 | -0.01pp | 7q | -3.8%-$8.1K | |
| PROCTER & GAMBLE CO | PG | $202.8K | 1,396 | flat | 7q | +0.9%+$1.9K | |
| SABA CAPITAL INCOME & OPRNT | BRW | $70.0K | 11,648 | flat | 5q | +4.0%+$2.7K | |
| ENDAVA PLC | DAVA | $17.9K | 10,000 | flat | 4q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $83.8M | 12.5% |
| Semiconductors & Electronics | $71.2M | 10.6% |
| Retail & Consumer | $58.0M | 8.7% |
| Computer Hardware | $56.4M | 8.4% |
| Banks & Lending | $39.5M | 5.9% |
| Capital Markets | $31.9M | 4.8% |
| Business Services | $29.4M | 4.4% |
| Insurance | $24.7M | 3.7% |
| Biotech & Pharma | $23.0M | 3.4% |
| Autos & Aerospace | $20.1M | 3.0% |
| Transport & Logistics | $20.1M | 3.0% |
| Funds & ETFs | $18.6M | 2.8% |
| Other sectors | $67.3M | 10.1% |
| Not classified | $125.5M | 18.7% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +1.2% | +2.1% | -0.9% | 100% |
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $669.4M | 137 | 8 | 32 | 51 | 7 | 38.8% | 13 |
| Q2 2026 | $649.2M | 136 | 23 | 30 | 55 | 9 | 37.9% | 13 |
| Q1 2026 | $587.2M | 122 | 4 | 49 | 37 | 9 | 37.7% | 13 |
| Q4 2025 | $596.4M | 127 | 5 | 64 | 20 | 4 | 41.0% | 12 |
| Q3 2025 | $577.4M | 126 | 10 | 40 | 27 | 6 | 40.0% | 14 |
| Q2 2025 | $538.3M | 122 | 14 | 25 | 40 | 4 | 38.4% | 15 |
| Q1 2025 | $501.3M | 112 | 38 | 38 | 28 | 2 | 37.0% | 14 |
| Q4 2024 | $459.4M | 76 | 4 | 35 | 24 | 39 | 42.0% | 52 |
| Q2 2024 | $446.1M | 111 | 4 | 46 | 31 | 3 | 38.6% | 23 |
| Q1 2024 | $430.0M | 110 | 3 | 32 | 28 | 7 | 36.5% | 10 |
| Q4 2023 | $407.0M | 114 | 11 | 35 | 39 | 5 | 35.1% | 25 |
| Q3 2023 | $370.8M | 108 | 1 | 39 | 22 | 9 | 34.3% | 17 |
| Q2 2023 | $392.3M | 116 | 19 | 44 | 28 | 14 | 33.7% | 32 |
| Q1 2023 | $349.5M | 111 | 24 | 44 | 27 | 1 | 34.4% | 42 |
| Q4 2022 | $314.6M | 88 | 5 | 16 | 55 | 4 | 32.1% | 31 |
| Q3 2022 | $305.0M | 87 | 2 | 33 | 20 | 2 | 33.1% | 40 |
| Q2 2022 | $321.4M | 87 | 3 | 48 | 18 | 7 | 33.1% | 40 |
| Q1 2022 | $376.9M | 91 | 10 | 54 | 14 | 4 | 33.3% | 27 |
| Q4 2021 | $371.1M | 85 | 7 | 52 | 15 | 2 | 33.4% | 39 |
| Q3 2021 | $339.5M | 80 | 1 | 56 | 9 | 216 | 32.6% | 39 |
| Q2 2021 | $344.5M | 295 | 12 | 63 | 31 | 9 | 31.8% | 44 |
| Q1 2021 | $317.9M | 292 | 51 | 91 | 46 | 7 | 31.5% | 47 |
| Q4 2020 | $283.9M | 248 | 175 | 46 | 12 | 2 | 33.4% | 43 |
| Q3 2020 | $244.3M | 75 | 1 | 47 | 10 | 150 | 35.2% | 47 |
| Q2 2020 | $235.2M | 224 | 143 | 54 | 20 | 6 | 34.0% | 45 |
| Q1 2020 | $179.5M | 87 | 15 | 55 | 11 | 5 | 33.3% | 49 |
| Q4 2019 | $208.3M | 77 | 5 | 26 | 26 | 3 | 34.0% | 23 |
| Q3 2019 | $193.0M | 75 | 1 | 50 | 7 | 1 | 32.8% | 36 |
| Q2 2019 | $187.8M | 75 | 1 | 43 | 15 | 4 | 32.3% | 18 |
| Q1 2019 | $175.9M | 78 | 2 | 57 | 7 | 138 | 32.0% | 30 |
| Q4 2018 | $154.5M | 214 | 0 | 0 | 0 | 0 | 31.5% | 29 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.