Perennial Investment Advisors, LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$1.3B

Holdings

491

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (491 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NVDANVIDIA CORPORATION	334,972	$62.5M	4.93%	Call
2	SPYGSPDR SERIES TRUST	499,979	$53.3M	4.21%
3	SPHQINVESCO EXCHANGE TRADED FD T	706,373	$53.0M	4.18%
4	QUSSPDR SERIES TRUST	298,342	$52.0M	4.10%
5	SPYVSPDR SERIES TRUST	852,199	$48.4M	3.82%
6	TSLATESLA INC	100,237	$45.1M	3.55%	Call
7	AAPLAPPLE INC	163,791	$44.5M	3.51%
8	IWYISHARES TR	139,155	$38.6M	3.04%
9	RDVYFIRST TR EXCHANGE TRADED FD	445,635	$31.0M	2.44%
10	DYNFBLACKROCK ETF TRUST	383,524	$23.3M	1.84%
11	SPYSPDR S&P 500 ETF TR	29,636	$20.2M	1.59%
12	IYWISHARES TR	100,538	$20.1M	1.58%
13	AMZNAMAZON COM INC	73,305	$16.9M	1.33%
14	MSFTMICROSOFT CORP	34,178	$16.5M	1.30%
15	VTIVANGUARD INDEX FDS	38,683	$13.0M	1.02%
16	NDQINVESCO QQQ TR	20,289	$12.5M	0.98%
17	SPYMSPDR SERIES TRUST	145,781	$11.7M	0.92%
18	BAIBLACKROCK ETF TRUST	344,594	$11.5M	0.90%
19	VUGVANGUARD INDEX FDS	23,218	$11.3M	0.89%
20	COWZPACER FDS TR	179,657	$10.8M	0.85%
21	QUALISHARES TR	54,342	$10.8M	0.85%
22	IEMGISHARES INC	156,756	$10.5M	0.83%
23	VGTVANGUARD WORLD FD	13,749	$10.4M	0.82%
24	OEFISHARES TR	29,822	$10.2M	0.81%
25	CLIPGLOBAL X FDS	97,758	$9.8M	0.77%
26	BRK/BBERKSHIRE HATHAWAY INC DEL	19,168	$9.6M	0.76%
27	VTVVANGUARD INDEX FDS	49,150	$9.4M	0.74%
28	IVVISHARES TR	13,562	$9.3M	0.73%
29	NTSXWISDOMTREE TR	161,290	$8.8M	0.70%
30	GOOGLALPHABET INC	27,932	$8.7M	0.69%
31	SPGPINVESCO EXCHANGE TRADED FD T	74,590	$8.5M	0.67%
32	GOOGALPHABET INC	26,193	$8.2M	0.65%	Put
33	TLTISHARES TR	93,450	$8.1M	0.64%
34	MTUMISHARES TR	31,341	$7.9M	0.62%
35	AVGOBROADCOM INC	21,730	$7.5M	0.59%	Put
36	METAMETA PLATFORMS INC	11,209	$7.4M	0.58%
37	OUNZVANECK MERK GOLD ETF	169,690	$7.0M	0.55%
38	PLTRPALANTIR TECHNOLOGIES INC	39,594	$7.0M	0.55%
39	XLKSELECT SECTOR SPDR TR	44,959	$6.5M	0.51%
40	SFLRINNOVATOR ETFS TRUST	173,594	$6.4M	0.50%
41	CGGRCAPITAL GROUP GROWTH ETF	142,320	$6.3M	0.50%
42	VEAVANGUARD TAX-MANAGED FDS	97,972	$6.1M	0.48%
43	CGDGCAPITAL GROUP DIVIDEND VALUE	138,295	$6.0M	0.48%
44	SDYSPDR SERIES TRUST	42,217	$5.9M	0.46%
45	JAVAJ P MORGAN EXCHANGE TRADED F	79,594	$5.7M	0.45%
46	THROBLACKROCK ETF TRUST	144,265	$5.6M	0.44%
47	EMBXVANECK FDS	108,926	$5.5M	0.44%
48	SLVISHARES SILVER TR	85,534	$5.5M	0.43%
49	CGGOCAPITAL GROUP GBL GROWTH EQT	155,042	$5.4M	0.42%
50	XLISELECT SECTOR SPDR TR	33,707	$5.2M	0.41%
51	IAU*ISHARES GOLD TR	64,140	$5.2M	0.41%
52	OBDCBLUE OWL CAPITAL CORPORATION	417,318	$5.2M	0.41%
53	XMHQINVESCO EXCHANGE TRADED FD T	50,140	$5.1M	0.41%
54	AIQGLOBAL X FDS	100,653	$5.1M	0.40%
55	BILSPDR SERIES TRUST	53,484	$4.9M	0.39%
56	RWLINVESCO EXCH TRADED FD TR II	42,342	$4.8M	0.38%
57	CGUSCAPITAL GROUP CORE EQUITY ET	114,249	$4.6M	0.36%
58	NFLXNETFLIX INC	48,642	$4.6M	0.36%
59	SPTMSPDR SERIES TRUST	54,439	$4.5M	0.35%
60	OMFLINVESCO EXCH TRD SLF IDX FD	67,967	$4.2M	0.33%
61	JEPQJ P MORGAN EXCHANGE TRADED F	71,211	$4.1M	0.33%
62	HGERHARBOR ETF TRUST	159,111	$3.9M	0.31%
63	CLMCORNERSTONE STRATEGIC INVEST	465,564	$3.9M	0.31%
64	SPSMSPDR SERIES TRUST	82,229	$3.9M	0.30%
65	IJRISHARES TR	32,024	$3.8M	0.30%
66	CRFCORNERSTONE TOTAL RETURN FD	475,107	$3.8M	0.30%
67	FTHIFIRST TR EXCHANGE TRADED FD	159,499	$3.8M	0.30%
68	COSTCOSTCO WHSL CORP NEW	4,316	$3.7M	0.29%
69	SPYINEOS ETF TRUST	70,386	$3.7M	0.29%
70	EFAISHARES TR	37,098	$3.6M	0.28%
71	CGMSCAPITAL GRP FIXED INCM ETF T	128,563	$3.5M	0.28%
72	IWFISHARES TR	7,485	$3.5M	0.28%
73	IAGGISHARES TR	70,424	$3.5M	0.28%
74	SHLDGLOBAL X FDS	53,218	$3.4M	0.27%
75	VOOVANGUARD INDEX FDS	5,492	$3.4M	0.27%
76	FTCSFIRST TR EXCHANGE-TRADED FD	36,021	$3.3M	0.26%
77	BUFRFIRST TR EXCHNG TRADED FD VI	95,780	$3.3M	0.26%
78	CGCPCAPITAL GRP FIXED INCM ETF T	143,732	$3.3M	0.26%
79	SPMDSPDR SERIES TRUST	56,189	$3.3M	0.26%
80	IJHISHARES TR	49,125	$3.2M	0.26%
81	STIPISHARES TR	31,357	$3.2M	0.25%
82	VOVANGUARD INDEX FDS	10,978	$3.2M	0.25%
83	BUFDFIRST TR EXCHNG TRADED FD VI	112,354	$3.2M	0.25%
84	JPMJPMORGAN CHASE & CO.	9,388	$3.0M	0.24%
85	TSMTAIWAN SEMICONDUCTOR MFG LTD	9,953	$3.0M	0.24%	Call
86	GQ9SPDR GOLD TR	7,486	$3.0M	0.23%
87	VVISA INC	8,344	$2.9M	0.23%
88	JGROJ P MORGAN EXCHANGE TRADED F	31,259	$2.9M	0.23%
89	SLYVSPDR SERIES TRUST	31,860	$2.9M	0.23%
90	DGROISHARES TR	41,164	$2.9M	0.23%
91	AVEMAMERICAN CENTY ETF TR	37,018	$2.9M	0.22%
92	SLYGSPDR SERIES TRUST	29,659	$2.8M	0.22%
93	HIMUBLACKROCK ETF TRUST II	56,908	$2.8M	0.22%
94	CGNGCAPITAL GROUP NEW GEOGRAPHY	85,131	$2.7M	0.21%
95	ENVXENOVIX CORPORATION	368,419	$2.7M	0.21%
96	SOFISOFI TECHNOLOGIES INC	98,854	$2.6M	0.20%	Call
97	WINNHARBOR ETF TRUST	81,206	$2.5M	0.20%
98	XLFSELECT SECTOR SPDR TR	44,537	$2.4M	0.19%
99	XLVSELECT SECTOR SPDR TR	15,657	$2.4M	0.19%
100	SPDWSPDR INDEX SHS FDS	53,724	$2.4M	0.19%

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