Pingora Partners LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Pingora Partners LLC reported 221 stock positions worth $141.1 million. Its top holding was Ftai Aviation (FTAI) at 31.0% of the portfolio, followed by Crescent Energy Class A (CRGY, 9.8%) and Ftai Infrastructure (FIP, 9.3%). Compared with Q2 2024, it opened 4 new positions, sold out of 14, added to 16 and reduced 70. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +39%) and the biggest sale Ftai Aviation (FTAI, shares −29%).

Most Recent 13F
Q2 2026
Location
WILSON, WY
CIK
0002011176
Portfolio Value
$141.1M (Q3 2024)
SEC Filing
0002011176-24-000004 ↗ filed Nov 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $136.6M Q1 2024 Q2 2024: $140.9M Q2 2024 Q3 2024: $141.1M $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 221 stocks · $141.1M
FTAI Ftai Aviation Ltd. 31.04% 329,571 $43.8M Reduce -28.6%
CRGY Crescent Energy Inc. Class A 9.81% 1,263,389 $13.8M Reduce -3.0%
FIP Ftai Infrastructure Inc. 9.26% 1,395,369 $13.1M Reduce -1.3%
BABA Alibaba Group Holding-SP ADR 2.56% 34,078 $3.6M Add +38.8%
CTRA Coterra Energy Inc. 2.34% 137,717 $3.3M Add +0.9%
T AT&T Inc. 2.21% 141,443 $3.1M Add +1.4%
META Meta Platforms Inc. Class A 1.69% 4,170 $2.4M Reduce -0.5%
AAPL Apple Inc. 1.47% 8,871 $2.1M Reduce -2.2%
PFE Pfizer Inc. 1.39% 67,970 $2.0M Add +45.6%
XOM Exxon Mobil Corp. 1.38% 16,665 $2.0M Reduce -1.8%
BA The Boeing Co. 1.31% 12,186 $1.9M Add +10.6%
ET Energy Transfer LP 1.29% 113,656 $1.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.28% 8,190 $1.8M No change
FCX Freeport-McMoran Inc. 1.27% 35,870 $1.8M Add +0.1%
MSFT Microsoft Corp. 1.22% 4,010 $1.7M Reduce -2.6%
LLY Eli Lilly & Co. 1.19% 1,900 $1.7M No change
MRK Merck & Co. Inc. 1.04% 12,979 $1.5M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.04% 15,206 $1.5M Reduce -1.4%
PVL Permianville Royalty Trust 1.02% 902,508 $1.4M Add +0.1%
AKAM Akamai Technologies Inc. 0.98% 13,657 $1.4M Reduce -0.7%
MPLX MPLX LP 0.97% 30,823 $1.4M No change
KMI Kinder Morgan Inc. 0.97% 61,700 $1.4M No change
AMZN Amazon.com Inc. 0.96% 7,265 $1.4M Add +7.4%
SHEL Shell PLC-ADR 0.90% 19,345 $1.3M Reduce -1.0%
BMY Bristol-Myers Squibb Co. 0.82% 22,234 $1.2M No change
BKD Brookdale Senior Living Inc. 0.77% 160,384 $1.1M No change
WBA Walgreens Boots Alliance Inc. 0.77% 121,208 $1.1M Reduce -0.1%
SJT San Juan Basin Royalty TR 0.72% 277,388 $1.0M No change
MCD McDonald's Corp. 0.68% 3,142 $957K Reduce -1.3%
KHC The Kraft Heinz Co. 0.59% 23,900 $839K Reduce -0.8%
NWL Newell Brands Inc. 0.59% 107,774 $828K Reduce -0.2%
JNJ Johnson & Johnson 0.58% 5,079 $823K No change
NFE New Fortress Energy Inc. 0.52% 80,775 $734K Add +581.6%
CVX Chevron Corp. 0.47% 4,548 $670K No change
PYPL PayPal Holdings Inc. 0.47% 8,436 $658K Reduce -6.9%
DVN Devon Energy Corp. 0.46% 16,422 $642K No change
PG The Procter & Gamble Co. 0.44% 3,597 $623K No change
TDAY USA Today Co. Inc. filed as GANNETT CO INC 0.44% 109,787 $617K Add +5.4%
ABBV Abbvie Inc. 0.37% 2,640 $521K No change
PARAA Paramount Global Class B 0.36% 48,444 $514K Add +28.5%
KRP Kimbell Royalty Partners LP 0.36% 31,726 $510K No change
HD Home Depot Inc. 0.33% 1,155 $468K Reduce -10.1%
AMD Advanced Micro Devices 0.32% 2,770 $455K Add +13.5%
AFL Aflac Inc. 0.32% 4,000 $447K No change
ADP Automatic Data Processing 0.31% 1,600 $443K No change
INTC Intel Corp. 0.29% 17,735 $416K Add +65.3%
CI The Cigna Group 0.29% 1,200 $416K No change
PEP Pepsico Inc. 0.29% 2,433 $414K Reduce -6.0%
OKTA Okta Inc. 0.28% 5,290 $393K No change
AMLP Alerian MLP ETF 0.27% 8,048 $379K Reduce -1.0%
NEE Nextera Energy Inc. 0.26% 4,290 $363K Reduce -0.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 9,111 $362K Reduce -4.8%
GOOG Alphabet Inc. Class C 0.25% 2,100 $351K No change
C Citigroup Inc. 0.22% 4,945 $310K Reduce -3.6%
NVDA Nvidia Corp. 0.21% 2,475 $301K Reduce -5.7%
CNDT Conduent Inc. 0.21% 74,000 $298K No change
MLI Mueller Industries Inc. 0.21% 4,000 $296K No change
CAT Caterpillar Inc. 0.21% 750 $293K No change
DOCU Docusign Inc. 0.20% 4,600 $286K No change
ORCL Oracle Corp. 0.19% 1,600 $273K No change
PSA Public Storage 0.18% 700 $255K No change
LUV Southwest Airlines Co. 0.18% 8,390 $249K No change
PAA Plains All Amer Pipeline LP 0.16% 13,233 $230K No change
GOOGL Alphabet Inc. Class A 0.16% 1,327 $220K Reduce -13.8%
BRK.B Berkshire Hathaway Inc. Class B 0.16% 477 $220K Reduce -3.4%
MDY State Street SPDR S&P Midcap 0.14% 350 $199K No change
UNP Union Pacific Corp. 0.14% 800 $197K No change
BX Blackstone Inc. 0.14% 1,250 $191K No change
ABT Abbott Laboratories 0.13% 1,650 $188K No change
UNH Unitedhealth Group Inc. 0.13% 320 $187K Reduce -14.7%
HON Honeywell International Inc. 0.13% 886 $183K No change
PTEN Patterson-Uti Energy Inc. 0.12% 22,703 $174K No change
SWN Southwestern Energy Co. 0.12% 23,852 $170K No change
KO The Coca-Cola Co. 0.12% 2,315 $166K Reduce -9.6%
KVUE Kenvue Inc. 0.11% 6,804 $157K Reduce -78.4%
AVGO Broadcom Inc. 0.11% 900 $155K Reduce -5.3%
MMM 3M Co. 0.11% 1,100 $150K No change
AMGN Amgen Inc. 0.10% 455 $147K Reduce -5.2%
SBUX Starbucks Corp. 0.10% 1,500 $146K Reduce -11.8%
VNQ Vanguard Real Estate ETF 0.10% 1,500 $146K No change
TSLA Tesla Inc. 0.10% 552 $144K Reduce -26.1%
JPM JPMorgan Chase & Co. 0.10% 663 $140K Reduce -13.3%
MDLZ Mondelez International Inc. Class A 0.10% 1,890 $139K No change
FDX FedEx Corp. 0.10% 500 $137K No change
PAYX Paychex Inc. 0.10% 1,000 $134K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.09% 1,130 $133K Reduce -21.8%
BCS Barclays PLC-Spons ADR 0.09% 10,100 $123K No change
EMR Emerson Electric Co. 0.09% 1,120 $122K Reduce -7.4%
VOD Vodafone Group PLC-SP ADR 0.09% 12,060 $121K No change
IWM iShares Russell 2000 ETF 0.08% 500 $110K Reduce -3.1%
TT Trane Technologies PLC 0.08% 275 $107K No change
NFLX Netflix Inc. 0.08% 150 $106K Reduce -9.1%
CCL Carnival Corp. 0.07% 5,700 $105K Reduce -3.4%
DE Deere & Co. 0.07% 250 $104K Reduce -28.6%
ALL Allstate Corp. 0.07% 550 $104K Reduce -8.3%
EPD Enterprise Products Partners 0.07% 3,443 $100K No change
HAL Halliburton Co. 0.07% 3,240 $94K No change
PWR Quanta Services Inc. 0.07% 315 $94K No change
HTZ Hertz Global Hldgs Inc. 0.07% 28,420 $94K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.06% 2,160 $91K Reduce -6.5%

Show all 221 holdings

Options reported separately and not counted above: FTAI INFRASTRUCTURE INC calls ($89K).

Portfolio Sells Q2 2024 → Q3 2024
FTAI Ftai Aviation Ltd. Reduce -28.6% 31.04% −2.75
CRGY Crescent Energy Inc. Class A Reduce -3.0% 9.81% −1.15
KVUE Kenvue Inc. Reduce -78.4% 0.11% −0.30
WBA Walgreens Boots Alliance Inc. Reduce -0.1% 0.77% −0.27
SHEL Shell PLC-ADR Reduce -1.0% 0.90% −0.10
MSFT Microsoft Corp. Reduce -2.6% 1.22% −0.08
DIS The Walt Disney Co. Reduce -1.4% 1.04% −0.05
GOOGL Alphabet Inc. Class A Reduce -13.8% 0.16% −0.04
ADBE Adobe Inc. Reduce -40.0% 0.04% −0.03
SNPS Synopsys Inc. Reduce -34.4% 0.04% −0.03
NCLH Norwegian Cruise Line Holdin Reduce -36.4% 0.05% −0.02
COST Costco Wholesale Corp. Reduce -30.0% 0.05% −0.02
DE Deere & Co. Reduce -28.6% 0.07% −0.02
TJX TJX Companies Inc. Reduce -21.8% 0.09% −0.02
NVDA Nvidia Corp. Reduce -5.7% 0.21% −0.02
IONS Ionis Pharmaceuticals Inc. Sold out 0.00% −0.02
BAC Bank of America Corp. Reduce -4.8% 0.26% −0.01
SLB SLB Ltd. Reduce -6.5% 0.06% −0.01
CTAS Cintas Corp. Reduce -30.8% 0.05% −0.01
C Citigroup Inc. Reduce -3.6% 0.22% −0.01
V Visa Inc. Class A Reduce -21.4% 0.05% −0.01
JPM JPMorgan Chase & Co. Reduce -13.3% 0.10% −0.01
SOLV Solventum Corp. Sold out 0.00% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.01
PEP Pepsico Inc. Reduce -6.0% 0.29% −0.01
MPC Marathon Petroleum Corp. Reduce -46.7% 0.01% −0.01
RTX RTX Corp. Reduce -42.5% 0.02% −0.01
AMLP Alerian MLP ETF Reduce -1.0% 0.27% −0.01
DTE DTE Energy Company Sold out 0.00% −0.01
EMR Emerson Electric Co. Reduce -7.4% 0.09% −0.01
EOG EOG Resources Inc. Reduce -19.2% 0.03% −0.01
CRM Salesforce Inc. Reduce -26.5% 0.02% −0.01
WMB Williams Cos Inc. Reduce -34.0% 0.02% −0.01
ROP Roper Technologies Inc. Reduce -27.1% 0.01% −0.01
STX Seagate Technology Holdings Sold out 0.00% −0.01
HPQ HP Inc. Sold out 0.00% −0.00
BEN Franklin Templeton Inc. Sold out 0.00% −0.00
NNN NNN REIT Inc. Reduce -50.0% 0.01% −0.00
CCL Carnival Corp. Reduce -3.4% 0.07% −0.00
NFLX Netflix Inc. Reduce -9.1% 0.08% −0.00
WEC WEC Energy Group Inc. Sold out 0.00% −0.00
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −0.00
MRSH Marsh & McLennan Cos Sold out 0.00% −0.00
MET Metlife Inc. Reduce -34.6% 0.01% −0.00
KLAC KLA Corp. Sold out 0.00% −0.00
KMB Kimberly-Clark Corp. Sold out 0.00% −0.00
UNH Unitedhealth Group Inc. Reduce -14.7% 0.13% −0.00
VRTX Vertex Pharmaceuticals Inc. Reduce -11.0% 0.02% −0.00
USB US Bancorp Reduce -30.9% 0.01% −0.00
AMGN Amgen Inc. Reduce -5.2% 0.10% −0.00

Portfolio Buys Q2 2024 → Q3 2024
BABA Alibaba Group Holding-SP ADR Add +38.8% 2.56% +1.31
PFE Pfizer Inc. Add +45.6% 1.39% +0.47
PVL Permianville Royalty Trust Add +0.1% 1.02% +0.36
NFE New Fortress Energy Inc. Add +581.6% 0.52% +0.34
T AT&T Inc. Add +1.4% 2.21% +0.31
TDAY USA Today Co. Inc. Add +5.4% 0.44% +0.10
PARAA Paramount Global Class B Add +28.5% 0.36% +0.09
INTC Intel Corp. Add +65.3% 0.29% +0.06
AAOI Applied Optoelectronics Inc. New 0.06% +0.06
AMD Advanced Micro Devices Add +13.5% 0.32% +0.04
FCX Freeport-McMoran Inc. Add +0.1% 1.27% +0.03
AMZN Amazon.com Inc. Add +7.4% 0.96% +0.03
CCJ Cameco Corp. New 0.02% +0.02
METC Ramaco Resources Inc. Class A Add +330.2% 0.03% +0.02
GSK GSK PLC-Spon ADR New 0.01% +0.01
OXY Occidental Petroleum Corp. Add +127.8% 0.01% +0.01
ABNB Airbnb Inc. Class A New 0.00% +0.00
MU Micron Technology Inc. Add +33.3% 0.03% +0.00
BA The Boeing Co. Add +10.6% 1.31% −0.11
CTRA Coterra Energy Inc. Add +0.9% 2.34% −0.24

Options Activity Q2 2024 → Q3 2024
TESLA INC put Sold out 1,000 $198Kbefore exit
FTAI INFRASTRUCTURE INC call Reduce -17.4% 9,500 $89K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

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