SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Perennial Investment Advisors, LLC

CIK 0001801523 · 11620 WILSHIRE BOULEVARD, SUITE 400, LOS ANGELES, CA, 90025 · 310-445-2504

Reported Value
$889M
Q1 2025
Positions
434
Filings on Record
26
2019–present window
Filed
May 15, 2025
original filing

Summary

Perennial Investment Advisors, LLC reported $889M in U.S.-listed holdings across 434 positions for Q1 2025.

Its largest position, Spdr, represents 4.8% of the portfolio.

Compared with Q4 2024, the fund opened 55 new positions and exited 30.

Portfolio Metrics

Turnover
+8.8%
vs prior filed quarter
Top-10 Concentration
+31.7%
share of reported value
Largest Position
+4.8%
Spdr
New / Exited
55 / 30
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $127MQ4 ’19Q1 ’20: $112MQ2 ’20: $148MQ3 ’20: $199MQ4 ’20: $234MQ4 ’20Q1 ’21: $253MQ2 ’21: $274MQ3 ’21: $283MQ4 ’21: $320MQ4 ’21Q1 ’22: $316MQ2 ’22: $256MQ3 ’22: $220MQ4 ’22: $246MQ4 ’22Q1 ’23: $538MQ2 ’23: $568MQ3 ’23: $554MQ4 ’23: $604MQ4 ’23Q1 ’24: $659MQ2 ’24: $701MQ3 ’24: $772MQ4 ’24: $849MQ4 ’24Q1 ’25: $889MQ2 ’25: $1.0BQ3 ’25: $1.2BQ4 ’25: $1.3BQ4 ’25Q1 ’26: $1.3Bfilingsflow.com

Portfolio Composition

By security type
ETP: 71.9%Common Stock: 25.9%Closed-End Fund: 1.0%REIT: 0.4%Other: 0.3%Other: 0.4%
  • ETP · 71.9% · $640M
  • Common Stock · 25.9% · $230M
  • Closed-End Fund · 1.0% · $9M
  • REIT · 0.4% · $3M
  • Other · 0.3% · $3M
  • Other · 0.4% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HARBOR ETF TRUSTNEW+130.7K130.7K+$3M$3M
ISHARES U S ETF TRNEW+59.3K59.3K+$3M$3M
ISHARES TRNEW+9.9K9.9K+$3M$3M
BLACKROCK ETF TRUST IINEW+22.7K22.7K+$1M$1M
CAPITAL GRP FIXED INCM ETF TNEW+48.6K48.6K+$1M$1M
J P MORGAN EXCHANGE TRADED FNEW+14.0K14.0K+$887,971$887,971
INVESCO EXCHANGE TRADED FD TNEW+13.4K13.4K+$842,723$842,723
CAPITAL GRP FIXED INCM ETF TNEW+25.3K25.3K+$652,716$652,716

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SER TRPRTFLO S&P500 GW · PRTFLO S&P500 VL · MSCI USA STRTGIC · PORTFOLIO S&P500 · PORTFOLI S&P1500 · PORTFOLIO S&P400 · S&P DIVID ETF · PORTFOLIO S&P600 · BLOOMBERG 1-3 MO16.71%$149M2.01M
2ISHARES TRRUS TP200 GR ETF · U.S. TECH ETF · MSCI USA QLT FCT · CORE S&P500 ETF · 20 YR TR BD ETF · MSCI USA MMENTM · CORE S&P SCP ETF9.23%$82M486.5K
3INVESCO EXCHANGE TRADED FD TS&P 500 GARP ETF · S&P500 QUALITY · S&P MDCP QUALITY5.57%$50M609.5K
4AAPLAPPLE INChistory →COM4.16%$37M166.6K
5VUGVANGUARD INDEX FDSTOTAL STK MKT · GROWTH ETF · VALUE ETF2.95%$26M102.8K
6NVDANVIDIA CORPORATIONhistory →COM2.85%$25M233.4K
7RDVYFIRST TR EXCHANGE TRADED FDRISNG DIVD ACHIV · CAP STRENGTH ETF2.67%$24M382.0K
8BLACKROCK ETF TRUSTISHARES US EQUIT1.79%$16M327.1K
9SPDR S&P 500 ETF TRTR UNIT1.70%$15M27.1K
10AMZNAMAZON COM INChistory →COM1.53%$14M71.5K
11FIRST TR EXCHNG TRADED FD VITCW UNCONSTRAI1.47%$13M529.7K
12MSFTMICROSOFT CORPhistory →COM1.43%$13M33.8K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.32%$12M22.0K
14GLOBAL X FDS1-3 MONTH T-BILL1.02%$9M89.9K
15ISHARES INCMSCI EMRG CHN0.98%$9M158.7K
16PACER FDS TRUS CASH COWS 1000.98%$9M159.4K
17WISDOMTREE TRUS EFFICIENT COR0.96%$9M188.8K
18NDQINVESCO QQQ TRUNIT SER 10.95%$8M18.0K
19GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.91%$8M51.8K
20VANGUARD WORLD FDINF TECH ETF0.84%$7M13.8K
21SELECT SECTOR SPDR TRTECHNOLOGY · INDL0.83%$7M45.7K
22INVESCO EXCH TRD SLF IDX FDRUSL 1000 DYNM0.78%$7M129.6K
23TSLATESLA INCCOM0.75%$7M25.7K
24OBDCBLUE OWL CAPITAL CORPORATIONCOM0.67%$6M404.6K
25METAMETA PLATFORMS INCCL A0.62%$6M9.6K
26INVESCO EXCH TRADED FD TR IIS&P 500 REVENUE0.46%$4M41.0K
27COSTCOSTCO WHSL CORP NEWCOM0.43%$4M4.0K
28AVGOBROADCOM INCCOM0.39%$3M20.9K
29INNOVATOR ETFS TRUSTQUITY MANAGD FLR0.38%$3M108.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.3B511May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.3B511Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.2B482Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.0B475Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$889M434May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$849M407Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$772M401Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$701M371Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$659M358May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$604M340Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$554M354Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$568M360Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$538M370May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$246M221Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$220M204Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$256M201Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$316M217May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$320M226Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$283M219Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$274M214Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$253M202Apr 29, 202113F-HRchanges · EDGAR ↗
Q4 2020$234M177Jan 22, 202113F-HRchanges · EDGAR ↗
Q3 2020$199M152Oct 26, 202013F-HRchanges · EDGAR ↗
Q2 2020$148M130Jul 16, 202013F-HRchanges · EDGAR ↗
Q1 2020$112M118Apr 29, 202013F-HRchanges · EDGAR ↗
Q4 2019$127M129Feb 7, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.