Pingora Partners LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Pingora Partners LLC reported 254 stock positions worth $136.6 million. Its top holding was Ftai Aviation (FTAI) at 28.4% of the portfolio, followed by Crescent Energy Class A (CRGY, 12.1%) and Ftai Infrastructure (FIP, 7.4%). Compared with Q4 2023, it opened 99 new positions, sold out of 3, added to 52 and reduced 27. The biggest buy was Ftai Infrastructure (FIP, shares +2%) and the biggest sale Coterra Energy (CTRA, shares −1%).

Most Recent 13F
Q2 2026
Location
WILSON, WY
CIK
0002011176
Portfolio Value
$136.6M (Q1 2024)
SEC Filing
0002011176-24-000001 ↗ filed May 13, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $136.6M $136.6M Q1 2024 Q2 2024: $140.9M Q2 2024 Q3 2024: $141.1M Q3 2024 Q4 2024: $152.5M Q4 2024 Q1 2025: $134.8M Q1 2025 Q2 2025: $133.8M Q2 2025 Q3 2025: $150.6M Q3 2025 Q4 2025: $163.5M Q4 2025 Q1 2026: $168.7M Q1 2026 Q2 2026: $171.3M Q2 2026

Holdings 254 stocks · $136.6M
FTAI Ftai Aviation Ltd. 28.42% 576,968 $38.8M Reduce -8.2%
CRGY Crescent Energy Inc. Class A 12.09% 1,387,732 $16.5M Add +4.4%
FIP Ftai Infrastructure Inc. 7.37% 1,602,951 $10.1M Add +2.2%
CTRA Coterra Energy Inc. 3.14% 153,848 $4.3M Reduce -0.6%
WBA Walgreens Boots Alliance Inc. 1.76% 110,908 $2.4M Add +185.3%
BA The Boeing Co. 1.64% 11,591 $2.2M Add +14.7%
META Meta Platforms Inc. Class A 1.55% 4,350 $2.1M Add +25.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.45% 16,247 $2.0M Reduce -1.4%
BABA Alibaba Group Holding-SP ADR 1.34% 25,291 $1.8M Add +7.7%
ET Energy Transfer LP 1.31% 113,656 $1.8M Reduce -0.8%
MRK Merck & Co. Inc. 1.28% 13,279 $1.8M Add +1.2%
MSFT Microsoft Corp. 1.27% 4,127 $1.7M Add +35.7%
FCX Freeport-McMoran Inc. 1.21% 35,300 $1.7M Reduce -5.4%
AKAM Akamai Technologies Inc. 1.21% 15,207 $1.7M Add +1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.14% 8,190 $1.6M Add +0.4%
AAPL Apple Inc. 1.14% 9,073 $1.6M Add +19.1%
T AT&T Inc. 1.14% 88,388 $1.6M Add +6.9%
SJT San Juan Basin Royalty TR 1.11% 285,788 $1.5M No change
XOM Exxon Mobil Corp. 1.08% 12,741 $1.5M Add +0.8%
LLY Eli Lilly & Co. 1.08% 1,900 $1.5M No change
MPLX MPLX LP 1.02% 33,423 $1.4M Reduce -2.0%
SHEL Shell PLC-ADR 0.96% 19,545 $1.3M Reduce -1.5%
DVN Devon Energy Corp. 0.96% 26,079 $1.3M Reduce -1.4%
PVL Permianville Royalty Trust 0.91% 925,908 $1.2M Add +1.7%
BMY Bristol-Myers Squibb Co. 0.91% 23,034 $1.2M Add +11.4%
AMZN Amazon.com Inc. 0.89% 6,765 $1.2M Add +25.3%
BKD Brookdale Senior Living Inc. 0.87% 179,884 $1.2M Reduce -1.0%
KMI Kinder Morgan Inc. 0.84% 62,400 $1.1M Reduce -5.8%
NWL Newell Brands Inc. 0.72% 122,624 $985K Reduce -0.8%
PFE Pfizer Inc. 0.70% 34,590 $960K Add +0.8%
KHC The Kraft Heinz Co. 0.66% 24,350 $899K No change
MCD McDonald's Corp. 0.66% 3,184 $898K Add +5.0%
JNJ Johnson & Johnson 0.60% 5,156 $816K Add +10.7%
TRGP Targa Resources Corp. 0.59% 7,200 $806K Reduce -16.3%
CVX Chevron Corp. 0.56% 4,848 $765K Add +14.0%
KVUE Kenvue Inc. 0.54% 34,408 $738K Add +16.8%
KRP Kimbell Royalty Partners LP 0.50% 43,972 $682K No change
PYPL PayPal Holdings Inc. 0.49% 9,911 $664K Reduce -1.0%
PG The Procter & Gamble Co. 0.43% 3,597 $584K Add +2.9%
VZ Verizon Communications Inc. 0.41% 13,302 $558K Add +12.1%
GOOGL Alphabet Inc. Class A 0.37% 3,340 $504K Add +29.5%
HD Home Depot Inc. 0.36% 1,285 $493K Add +16.8%
ABBV Abbvie Inc. 0.35% 2,640 $481K Add +82.1%
PXD Pioneer Natural Resources Co. 0.35% 1,820 $478K No change
INTC Intel Corp. 0.33% 10,330 $456K No change
PEP Pepsico Inc. 0.33% 2,588 $453K Add +8.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.33% 11,772 $446K Reduce -3.3%
CI The Cigna Group 0.32% 1,200 $436K No change
AMLP Alerian MLP ETF 0.30% 8,528 $405K No change
ADP Automatic Data Processing 0.29% 1,600 $400K No change
OKTA Okta Inc. 0.28% 3,715 $389K Reduce -3.9%
NFE New Fortress Energy Inc. 0.28% 12,450 $381K Reduce -3.0%
TDAY USA Today Co. Inc. filed as GANNETT CO INC 0.26% 145,706 $356K Reduce -2.0%
AFL Aflac Inc. 0.25% 4,000 $343K No change
AMD Advanced Micro Devices 0.24% 1,810 $327K No change
C Citigroup Inc. 0.24% 5,130 $324K Add +3.4%
GOOG Alphabet Inc. Class C 0.23% 2,100 $320K Add +10.5%
NEE Nextera Energy Inc. 0.20% 4,325 $276K Add +8.1%
CAT Caterpillar Inc. 0.20% 750 $275K No change
DOCU Docusign Inc. 0.20% 4,600 $274K No change
PTEN Patterson-Uti Energy Inc. 0.20% 22,703 $271K No change
LUV Southwest Airlines Co. 0.19% 8,690 $254K Reduce -14.7%
PAA Plains All Amer Pipeline LP 0.17% 13,233 $232K No change
HTZ Hertz Global Hldgs Inc. 0.16% 28,420 $223K Reduce -1.4%
CNDT Conduent Inc. 0.16% 64,000 $216K No change
MLI Mueller Industries Inc. 0.16% 4,000 $216K No change
NVDA Nvidia Corp. 0.15% 230 $208K New
BRK.B Berkshire Hathaway Inc. Class B 0.15% 494 $208K Add +24.4%
PSA Public Storage 0.15% 700 $203K No change
SBUX Starbucks Corp. 0.15% 2,200 $201K Add +10.0%
ORCL Oracle Corp. 0.15% 1,600 $201K No change
UNP Union Pacific Corp. 0.14% 800 $197K No change
MDY State Street SPDR S&P Midcap 0.14% 350 $195K Reduce -6.7%
ABT Abbott Laboratories 0.14% 1,650 $188K No change
UNH Unitedhealth Group Inc. 0.14% 375 $186K Add +87.5%
HON Honeywell International Inc. 0.13% 886 $182K No change
SWN Southwestern Energy Co. 0.13% 23,252 $176K Add +410.8%
DE Deere & Co. 0.13% 425 $175K Reduce -15.0%
NCLH Norwegian Cruise Line Holdin 0.13% 8,300 $174K No change
IWM iShares Russell 2000 ETF 0.13% 815 $171K New
BX Blackstone Inc. 0.12% 1,250 $164K Add +400.0%
KO The Coca-Cola Co. 0.11% 2,560 $157K Add +28.0%
JPM JPMorgan Chase & Co. 0.11% 765 $153K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.11% 1,445 $147K Add +80.6%
FDX FedEx Corp. 0.11% 500 $145K No change
EMR Emerson Electric Co. 0.10% 1,210 $137K Add +21.0%
AMGN Amgen Inc. 0.10% 480 $136K New
SMH Vaneck Semiconductor ETF 0.10% 600 $135K No change
AVGO Broadcom Inc. 0.10% 100 $133K New
MDLZ Mondelez International Inc. Class A 0.10% 1,890 $132K No change
ALL Allstate Corp. 0.10% 750 $130K New
VNQ Vanguard Real Estate ETF 0.09% 1,500 $130K No change
HAL Halliburton Co. 0.09% 3,240 $128K Reduce -10.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.09% 2,310 $127K Add +6.9%
PAYX Paychex Inc. 0.09% 1,000 $123K No change
PARAA Paramount Global Class B 0.09% 10,110 $119K No change
MMM 3M Co. 0.09% 1,100 $117K No change
ADBE Adobe Inc. 0.07% 200 $101K Add +400.0%
EPD Enterprise Products Partners 0.07% 3,443 $100K Add +588.6%
NFLX Netflix Inc. 0.07% 165 $100K Add +10.0%

Show all 254 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $394K (not counted above)
SecurityClassShares / PrincipalValueChange
PARAMOUNT GLOBAL (SKYD 5.75 04/01/24 A) 5.75% CONV PFD A 28,700$394KNo change

Total filed on the 13F, all lines: $137.0M.

Portfolio Sells Q4 2023 → Q1 2024
CTRA Coterra Energy Inc. Reduce -0.6% 3.14% −0.37
NWL Newell Brands Inc. Reduce -0.8% 0.72% −0.23
SHEL Shell PLC-ADR Reduce -1.5% 0.96% −0.20
KMI Kinder Morgan Inc. Reduce -5.8% 0.84% −0.20
FCX Freeport-McMoran Inc. Reduce -5.4% 1.21% −0.20
NFE New Fortress Energy Inc. Reduce -3.0% 0.28% −0.15
DVN Devon Energy Corp. Reduce -1.4% 0.96% −0.11
HTZ Hertz Global Hldgs Inc. Reduce -1.4% 0.16% −0.10
MPLX MPLX LP Reduce -2.0% 1.02% −0.10
ET Energy Transfer LP Reduce -0.8% 1.31% −0.10
UNITED STS NAT GAS FD LP Sold out 0.00% −0.10
LUV Southwest Airlines Co. Reduce -14.7% 0.19% −0.08
TRGP Targa Resources Corp. Reduce -16.3% 0.59% −0.07
BKD Brookdale Senior Living Inc. Reduce -1.0% 0.87% −0.07
PYPL PayPal Holdings Inc. Reduce -1.0% 0.49% −0.06
DE Deere & Co. Reduce -15.0% 0.13% −0.05
CCL Carnival Corp. Reduce -19.4% 0.06% −0.05
TDAY USA Today Co. Inc. Reduce -2.0% 0.26% −0.04
BAC Bank of America Corp. Reduce -3.3% 0.33% −0.04
OKTA Okta Inc. Reduce -3.9% 0.28% −0.03
MDY State Street SPDR S&P Midcap Reduce -6.7% 0.14% −0.03
ARCC Ares Capital Corp. Sold out 0.00% −0.03
RTX RTX Corp. Reduce -37.5% 0.04% −0.02
HAL Halliburton Co. Reduce -10.0% 0.09% −0.02
PATH Uipath Inc. Class A Reduce -6.3% 0.05% −0.02
KD Kyndryl Holdings Inc. Reduce -36.2% 0.02% −0.02
BP BP PLC-Spons ADR Reduce -18.8% 0.04% −0.02
IWO iShares Russell 2000 Growth Sold out 0.00% −0.00
DIS The Walt Disney Co. Reduce -1.4% 1.45% +0.13
FTAI Ftai Aviation Ltd. Reduce -8.2% 28.42% +2.50

Portfolio Buys Q4 2023 → Q1 2024
FIP Ftai Infrastructure Inc. Add +2.2% 7.37% +1.94
WBA Walgreens Boots Alliance Inc. Add +185.3% 1.76% +0.86
META Meta Platforms Inc. Class A Add +25.7% 1.55% +0.46
MSFT Microsoft Corp. Add +35.7% 1.27% +0.25
AMZN Amazon.com Inc. Add +25.3% 0.89% +0.16
NVDA Nvidia Corp. New 0.15% +0.15
ABBV Abbvie Inc. Add +82.1% 0.35% +0.15
IWM iShares Russell 2000 ETF New 0.13% +0.13
JPM JPMorgan Chase & Co. New 0.11% +0.11
SWN Southwestern Energy Co. Add +410.8% 0.13% +0.10
AMGN Amgen Inc. New 0.10% +0.10
AVGO Broadcom Inc. New 0.10% +0.10
ALL Allstate Corp. New 0.10% +0.10
BX Blackstone Inc. Add +400.0% 0.12% +0.09
V Visa Inc. Class A New 0.07% +0.07
SNPS Synopsys Inc. New 0.07% +0.07
CTAS Cintas Corp. New 0.07% +0.07
COST Costco Wholesale Corp. New 0.06% +0.06
EPD Enterprise Products Partners Add +588.6% 0.07% +0.06
TT Trane Technologies PLC New 0.06% +0.06
PWR Quanta Services Inc. New 0.06% +0.06
ADBE Adobe Inc. Add +400.0% 0.07% +0.05
TMUS T-Mobile US Inc. New 0.05% +0.05
HCA HCA Healthcare Inc. New 0.05% +0.05
GOOGL Alphabet Inc. Class A Add +29.5% 0.37% +0.05
HLI Houlihan Lokey Inc. New 0.05% +0.05
ASML ASML Holding NV-NY Reg SHS New 0.05% +0.05
MA Mastercard Inc. Class A New 0.05% +0.05
TSM Taiwan Semiconductor-SP ADR Add +450.0% 0.05% +0.05
TSLA Tesla Inc. New 0.04% +0.04
CRM Salesforce Inc. New 0.04% +0.04
UNH Unitedhealth Group Inc. Add +87.5% 0.14% +0.04
TJX TJX Companies Inc. Add +80.6% 0.11% +0.04
CM Can Imperial BK of Commerce New 0.04% +0.04
NMFC New Mountain Finance Corp. New 0.04% +0.04
SNY Sanofi-ADR New 0.04% +0.04
SHYG iShares 0-5 YR HY Corp. Bond New 0.04% +0.04
TMO Thermo Fisher Scientific Inc. New 0.04% +0.04
LYB Lyondellbasell Indu Class A New 0.04% +0.04
LIN Linde PLC New 0.03% +0.03
EOG EOG Resources Inc. New 0.03% +0.03
APD Air Products & Chemicals Inc. New 0.03% +0.03
CCI Crown Castle Inc. New 0.03% +0.03
NXPI NXP Semiconductors NV New 0.03% +0.03
SPGI S&P Global Inc. New 0.03% +0.03
PANW Palo Alto Networks Inc. New 0.03% +0.03
PH Parker Hannifin Corp. New 0.03% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +24.4% 0.15% +0.03
QCOM Qualcomm Inc. New 0.02% +0.02
CME Cme Group Inc. New 0.02% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 181$171.3MFTAI, CRGY, FIP, DVN, DINO
Q1 2026 185$168.7MFTAI, CRGY, FIP, CTRA, BABA
Q4 2025 202$163.5MFTAI, CRGY, FIP, BABA, CTRA
Q3 2025 200$150.6MFTAI, CRGY, FIP, BABA, T
Q2 2025 204$133.8MFTAI, CRGY, FIP, BABA, T
Q1 2025 207$134.8MFTAI, CRGY, FIP, NFE, BABA
Q4 2024 224$152.5MFTAI, CRGY, NFE, FIP, CTRA
Q3 2024 221$141.1MFTAI, CRGY, FIP, BABA, CTRA
Q2 2024 231$140.9MFTAI, CRGY, FIP, CTRA, T
Q1 2024 254$136.6MFTAI, CRGY, FIP, CTRA, WBA