Institutional Portfolio Updates
Perennial Investment Advisors Discloses New Positions in Five Major Companies
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Key Points
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In Nuveen ESG Dividend ETF (NUDV), Perennial disclosed 24,921 shares purchased in Q2; numerous other institutions also opened new NUDV positions in Q2 or Q4, including Northwestern Mutual Wealth Management Co (new, Q2, ~$26k), Blueline Advisors LLC (new, Q4, ~$104k), Kestra Advisory Services LLC (new, Q4, ~$173k), Montis Financial LLC (new, Q4, ~$201k), and NerdWallet Wealth Partners LLC (new, Q2, ~$231k).
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For Amgen Inc., Perennial bought 3,096 shares (~$1.12 million); separate news shows SVP Rachna Khosla sold 2,000 shares in August (avg $412.57), reducing her stake by about 23.8% to 6,404 shares valued at ~$2.64 million, with institutional ownership reported at 76.50%.
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NXPI: Bank of America Corp DE acquired a new NXPI position in Q2 valued at about $1.17 billion; other new Q2 NXPI positions were opened by Pingora Partners LLC, Magnolia Capital Advisors LLC, Light Street Capital Management LLC, and Freestone Grove Partners LP; about 90.54% of NXPI stock is owned by institutional investors.
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GM: Perennial opened a new stake of 9,415 shares (~$726k); the period also saw several other funds take positions or adjust GM holdings, with overall institutional ownership at 92.67%.
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EPRT: BlackRock bought a new EPRT stake in Q2 valued at about $1.18 billion; Northwestern Mutual Wealth Management Co. boosted EPRT holdings by an extraordinary 1,930,360.7% in Q4, Cohen & Steers increased its EPRT stake by 111.6% in Q4, and overall 96.98% of EPRT shares are owned by institutional investors.
Perennial Investment Advisors LLC expanded its portfolio in the second quarter, taking a $1.12 million stake in Amgen Inc. by purchasing 3,096 shares. The move came as the investment firm built new positions across five companies, signaling fresh confidence in healthcare, semiconductors, and real estate sectors Watchlist News.
Amgen Purchase Amid Executive Selling
Perennial's $1.12 million Amgen buy added 3,096 shares to the fund's holdings during Q2 Watchlist News. The purchase occurred even as SVP Rachna Khosla sold 2,000 shares in August at an average price of $412.57, reducing her personal stake by about 24%. Institutional investors still control 76.5% of Amgen's stock, showing strong large-investor backing for the biotech giant.
Semiconductor and Auto Bets Alongside Major Banks
Perennial added $845,000 worth of NXP Semiconductors shares (3,004 shares) in Q2, joining a wave of institutional buying. Bank of America opened a new $1.17 billion NXPI position in the same period Ticker Report. Institutional investors now own 90.54% of NXP's stock. Perennial also built a $726,000 General Motors stake with 9,415 shares, as other funds adjusted GM positions. GM's institutional ownership sits at 92.67%.
Real Estate Trust and ETF Expansion
Perennial spent roughly $778,000 to acquire 26,067 shares of Essential Properties Realty Trust (EPRT) during Q2. BlackRock simultaneously opened a new $1.18 billion EPRT stake, signaling major institutional confidence. Northwestern Mutual Wealth Management boosted its EPRT holdings by 1,930% in Q4, while Cohen & Steers increased its position by 112%. Nearly 97% of EPRT shares are now held by institutional investors.
In the Nuveen ESG Dividend ETF (NUDV), Perennial purchased 24,921 shares worth about $302,000. Multiple other institutions opened fresh NUDV positions in Q2 and Q4, including NerdWallet Wealth Partners ($231,000), Montis Financial ($201,000), and Kestra Advisory Services ($173,000). This pattern shows growing appetite for ESG-focused dividend strategies among institutional money managers.
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