Pingora Partners LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Pingora Partners LLC reported 185 stock positions worth $168.7 million. Its top holding was Ftai Aviation (FTAI) at 27.7% of the portfolio, followed by Crescent Energy Class A (CRGY, 8.9%) and Ftai Infrastructure (FIP, 6.0%). Compared with Q4 2025, it opened 4 new positions, sold out of 21, added to 29 and reduced 28. The biggest buy was Kimbell Royalty Partners (KRP, shares +105%) and the biggest sale Ftai Aviation (FTAI, shares −38%).

Most Recent 13F
Q2 2026
Location
WILSON, WY
CIK
0002011176
Portfolio Value
$168.7M (Q1 2026)
SEC Filing
0002011176-26-000002 ↗ filed May 15, 2026

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 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 $168.7M Q1 2026 Q2 2026: $171.3M Q2 2026

Holdings 185 stocks · $168.7M
FTAI Ftai Aviation Ltd. 27.71% 190,775 $46.7M Reduce -37.7%
CRGY Crescent Energy Inc. Class A 8.94% 1,116,649 $15.1M Reduce -3.7%
FIP Ftai Infrastructure Inc. 6.01% 2,052,653 $10.1M Add +16.0%
CTRA Coterra Energy Inc. 2.89% 138,566 $4.9M No change
BABA Alibaba Group Holding-SP ADR 2.65% 35,689 $4.5M Add +3.1%
T AT&T Inc. 2.24% 130,295 $3.8M Add +1.2%
DINO HF Sinclair Corp. 2.13% 57,480 $3.6M No change
ET Energy Transfer LP 1.85% 162,094 $3.1M Add +0.8%
BA The Boeing Co. 1.76% 14,877 $3.0M Add +1.2%
KRP Kimbell Royalty Partners LP 1.73% 201,476 $2.9M Add +105.4%
XOM Exxon Mobil Corp. 1.61% 16,005 $2.7M No change
PFE Pfizer Inc. 1.49% 89,510 $2.5M Add +6.7%
FCX Freeport-McMoran Inc. 1.42% 40,790 $2.4M No change
AAPL Apple Inc. 1.32% 8,794 $2.2M No change
META Meta Platforms Inc. Class A 1.24% 3,645 $2.1M Reduce -2.7%
BMY Bristol-Myers Squibb Co. 1.22% 33,855 $2.1M Reduce -0.4%
KHC The Kraft Heinz Co. 1.20% 89,748 $2.0M Add +85.3%
PVL Permianville Royalty Trust 1.19% 1,085,184 $2.0M Add +14.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.16% 8,070 $2.0M No change
SBSI Southside Bancshares Inc. 1.14% 61,745 $1.9M No change
TDAY USA Today Co. Inc. 1.06% 253,663 $1.8M Reduce -1.4%
KMI Kinder Morgan Inc. 1.06% 53,250 $1.8M No change
MPLX MPLX LP 1.02% 30,223 $1.7M No change
AMZN Amazon.com Inc. 0.97% 7,837 $1.6M No change
MRK Merck & Co. Inc. 0.92% 12,879 $1.5M No change
PTEN Patterson-Uti Energy Inc. 0.91% 141,647 $1.5M Reduce -1.0%
COIN Coinbase Global Inc. Class A 0.90% 8,650 $1.5M New
LLY Eli Lilly & Co. 0.87% 1,600 $1.5M Reduce -5.9%
CSCO Cisco Systems Inc. 0.87% 18,845 $1.5M Add +6.8%
ACN Accenture PLC Class A 0.83% 7,025 $1.4M Add +28000.0%
AKAM Akamai Technologies Inc. 0.82% 12,057 $1.4M Reduce -0.8%
MSFT Microsoft Corp. 0.79% 3,598 $1.3M Reduce -1.0%
JNJ Johnson & Johnson 0.72% 4,979 $1.2M No change
CVX Chevron Corp. 0.71% 5,822 $1.2M No change
MCD McDonald's Corp. 0.61% 3,332 $1.0M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.57% 9,921 $956K Reduce -2.0%
SHEL Shell PLC-ADR 0.56% 10,170 $946K Reduce -1.0%
GIS General Mills Inc. 0.55% 24,810 $923K Add +13.3%
DVN Devon Energy Corp. 0.47% 15,791 $795K Reduce -2.5%
MDT Medtronic PLC 0.46% 9,000 $780K Add +1700.0%
GOOGL Alphabet Inc. Class A 0.43% 2,550 $733K No change
GOOG Alphabet Inc. Class C 0.41% 2,410 $691K No change
ORCL Oracle Corp. 0.41% 4,650 $684K Add +190.6%
BKD Brookdale Senior Living Inc. 0.39% 48,000 $657K Reduce -66.1%
SJT San Juan Basin Royalty TR 0.38% 135,057 $648K No change
NFE New Fortress Energy Inc. 0.38% 1,095,368 $646K Add +48.6%
MU Micron Technology Inc. 0.38% 1,881 $635K Reduce -55.3%
BORR Borr Drilling Ltd. 0.34% 100,400 $579K Reduce -35.1%
CAT Caterpillar Inc. 0.32% 750 $531K No change
CBRL Cracker Barrel Old Country 0.31% 18,750 $527K Add +197.6%
PG The Procter & Gamble Co. 0.31% 3,622 $523K Add +0.7%
OKTA Okta Inc. 0.30% 6,420 $505K Add +970.0%
HTZ Hertz Global Hldgs Inc. 0.28% 102,700 $473K Add +566.0%
C Citigroup Inc. 0.28% 4,100 $465K No change
MLI Mueller Industries Inc. 0.26% 4,000 $443K No change
AFL Aflac Inc. 0.26% 4,000 $439K No change
NVDA Nvidia Corp. 0.26% 2,475 $432K No change
INDA iShares MSCI India ETF 0.25% 8,970 $420K New
AMLP Alerian MLP ETF 0.25% 7,858 $414K Reduce -1.4%
HD Home Depot Inc. 0.23% 1,155 $380K No change
ABBV Abbvie Inc. 0.22% 1,705 $371K No change
PEP Pepsico Inc. 0.22% 2,383 $370K Reduce -2.1%
AMD Advanced Micro Devices 0.22% 1,785 $363K Reduce -0.8%
ADP Automatic Data Processing 0.19% 1,600 $325K No change
CI The Cigna Group 0.19% 1,200 $320K No change
CWH Camping World Holdings Inc. Class A 0.19% 46,200 $316K Add +3.4%
BRK.B Berkshire Hathaway Inc. Class B 0.18% 647 $310K Add +35.6%
NOG Northern Oil and Gas Inc. 0.18% 10,600 $310K No change
DSGR Distribution Solutions Group 0.18% 11,800 $310K Add +1080.0%
TGT Target Corp. 0.18% 2,541 $308K No change
IYH iShares U.S. Healthcare ETF 0.18% 4,886 $301K Reduce -13.1%
PAA Plains All Amer Pipeline LP 0.16% 12,033 $269K No change
PATH Uipath Inc. Class A 0.15% 23,500 $261K Add +3.5%
NEE Nextera Energy Inc. 0.14% 2,500 $232K Reduce -16.7%
DOCU Docusign Inc. 0.12% 4,300 $204K No change
METCB Ramaco Resources Inc. Class B 0.12% 19,942 $203K Add +31.3%
HON Honeywell International Inc. 0.12% 886 $200K No change
UNP Union Pacific Corp. 0.12% 800 $194K No change
PSA Public Storage 0.11% 700 $190K No change
MDY State Street SPDR S&P Midcap 0.11% 300 $185K No change
FDX FedEx Corp. 0.11% 500 $178K No change
TLT iShares 20+ Year Treasury BD 0.10% 2,000 $173K No change
ABT Abbott Laboratories 0.10% 1,650 $169K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.10% 1,030 $164K No change
MMM 3M Co. 0.09% 1,100 $160K No change
PWR Quanta Services Inc. 0.09% 279 $153K Reduce -2.1%
KO The Coca-Cola Co. 0.09% 2,000 $152K Reduce -5.4%
NFLX Netflix Inc. 0.09% 1,500 $144K No change
EMR Emerson Electric Co. 0.09% 1,100 $144K No change
PYPL PayPal Holdings Inc. 0.08% 3,133 $142K No change
DE Deere & Co. 0.08% 250 $141K No change
VNQ Vanguard Real Estate ETF 0.08% 1,500 $133K No change
METC Ramaco Resources Inc. Class A 0.08% 8,600 $133K No change
TSLA Tesla Inc. 0.08% 345 $128K No change
JPM JPMorgan Chase & Co. 0.07% 375 $110K No change
NWL Newell Brands Inc. 0.06% 30,437 $104K Reduce -13.4%
NET Cloudflare Inc. Class A 0.06% 500 $103K No change
SLV iShares Silver Trust 0.06% 1,430 $97K Reduce -28.5%
TT Trane Technologies PLC 0.06% 230 $96K No change
EPD Enterprise Products Partners 0.06% 2,500 $95K No change

Show all 185 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $13K (not counted above)
SecurityClassShares / PrincipalValueChange
ASPSW Altisource Portfolio - 30 *W EXP 04/30/203 33,000$13KNo change

Total filed on the 13F, all lines: $168.7M.

Portfolio Sells Q4 2025 → Q1 2026
FTAI Ftai Aviation Ltd. Reduce -37.7% 27.71% −9.15
BKD Brookdale Senior Living Inc. Reduce -66.1% 0.39% −0.55
MU Micron Technology Inc. Reduce -55.3% 0.38% −0.36
MSFT Microsoft Corp. Reduce -1.0% 0.79% −0.29
META Meta Platforms Inc. Class A Reduce -2.7% 1.24% −0.28
LLY Eli Lilly & Co. Reduce -5.9% 0.87% −0.24
DIS The Walt Disney Co. Reduce -2.0% 0.57% −0.14
CRM Salesforce Inc. Sold out 0.00% −0.12
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.05
IYH iShares U.S. Healthcare ETF Reduce -13.1% 0.18% −0.05
BORR Borr Drilling Ltd. Reduce -35.1% 0.34% −0.04
TSM Taiwan Semiconductor-SP ADR Reduce -50.0% 0.04% −0.03
MDLZ Mondelez International Inc. Class A Reduce -47.1% 0.03% −0.03
INTC Intel Corp. Sold out 0.00% −0.03
CNDT Conduent Inc. Reduce -4.7% 0.03% −0.02
SLV iShares Silver Trust Reduce -28.5% 0.06% −0.02
AMD Advanced Micro Devices Reduce -0.8% 0.22% −0.02
NWL Newell Brands Inc. Reduce -13.4% 0.06% −0.02
CIVI Civitas Resources Inc. Sold out 0.00% −0.01
SHOP Shopify Inc. Class A Sold out 0.00% −0.01
USB US Bancorp Sold out 0.00% −0.01
NEE Nextera Energy Inc. Reduce -16.7% 0.14% −0.01
CWST Casella Waste Systems Inc. Class A Sold out 0.00% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -7.7% 0.02% −0.01
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.01
AWK American Water Works Co. Inc. Sold out 0.00% −0.00
OMC Omnicom Group Sold out 0.00% −0.00
WSO Watsco Inc. Sold out 0.00% −0.00
GSK GSK PLC-Spon ADR Sold out 0.00% −0.00
MICC The Magnum Ice Cream Co. NV Sold out 0.00% −0.00
XLV SS Health Care Select Sector Sold out 0.00% −0.00
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.00
SSYS Stratasys Ltd. Sold out 0.00% −0.00
BCRX Biocryst Pharmaceuticals Inc. Sold out 0.00% −0.00
DBRG Digitalbridge Group Inc. Sold out 0.00% −0.00
TELFY Telefonica SA-Spon ADR Sold out 0.00% −0.00
BED BATH & BEYOND INC Sold out 0.00% −0.00
KO The Coca-Cola Co. Reduce -5.4% 0.09% −0.00
APD Air Products & Chemicals Inc. Sold out 0.00% −0.00
PEP Pepsico Inc. Reduce -2.1% 0.22% +0.01
AMLP Alerian MLP ETF Reduce -1.4% 0.25% +0.02
PWR Quanta Services Inc. Reduce -2.1% 0.09% +0.02
BMY Bristol-Myers Squibb Co. Reduce -0.4% 1.22% +0.10
SHEL Shell PLC-ADR Reduce -1.0% 0.56% +0.10
DVN Devon Energy Corp. Reduce -2.5% 0.47% +0.11
AKAM Akamai Technologies Inc. Reduce -0.8% 0.82% +0.17
TDAY USA Today Co. Inc. Reduce -1.4% 1.06% +0.25
PTEN Patterson-Uti Energy Inc. Reduce -1.0% 0.91% +0.37
CRGY Crescent Energy Inc. Class A Reduce -3.7% 8.94% +2.99

Portfolio Buys Q4 2025 → Q1 2026
KRP Kimbell Royalty Partners LP Add +105.4% 1.73% +1.02
FIP Ftai Infrastructure Inc. Add +16.0% 6.01% +1.02
COIN Coinbase Global Inc. Class A New 0.90% +0.90
ACN Accenture PLC Class A Add +28000.0% 0.83% +0.82
KHC The Kraft Heinz Co. Add +85.3% 1.20% +0.48
MDT Medtronic PLC Add +1700.0% 0.46% +0.43
T AT&T Inc. Add +1.2% 2.24% +0.28
OKTA Okta Inc. Add +970.0% 0.30% +0.27
INDA iShares MSCI India ETF New 0.25% +0.25
ET Energy Transfer LP Add +0.8% 1.85% +0.23
HTZ Hertz Global Hldgs Inc. Add +566.0% 0.28% +0.23
ORCL Oracle Corp. Add +190.6% 0.41% +0.21
CBRL Cracker Barrel Old Country Add +197.6% 0.31% +0.21
PFE Pfizer Inc. Add +6.7% 1.49% +0.21
DSGR Distribution Solutions Group Add +1080.0% 0.18% +0.17
PVL Permianville Royalty Trust Add +14.2% 1.19% +0.15
BRK.B Berkshire Hathaway Inc. Class B Add +35.6% 0.18% +0.04
CSCO Cisco Systems Inc. Add +6.8% 0.87% +0.04
EXE Expand Energy Corp. New 0.03% +0.03
AAL American Airlines Group Inc. New 0.03% +0.03
NVO Novo-Nordisk A/S-Spons ADR Add +309.1% 0.04% +0.03
BCDA Biocardia Inc. Add +1077.2% 0.03% +0.02
TGTX TG Therapeutics Inc. Add +28.6% 0.05% +0.01
METCB Ramaco Resources Inc. Class B Add +31.3% 0.12% +0.01
SBS Cia Saneamento Basico DE-ADR Add +3.0% 0.04% +0.01
GPC Genuine Parts Co. Add +100.0% 0.01% +0.01
PG The Procter & Gamble Co. Add +0.7% 0.31% −0.01
PATH Uipath Inc. Class A Add +3.5% 0.15% −0.07
GIS General Mills Inc. Add +13.3% 0.55% −0.08
CWH Camping World Holdings Inc. Class A Add +3.4% 0.19% −0.08
NFE New Fortress Energy Inc. Add +48.6% 0.38% −0.13
BA The Boeing Co. Add +1.2% 1.76% −0.20
BABA Alibaba Group Holding-SP ADR Add +3.1% 2.65% −0.45

Notes & Other Activity Q4 2025 → Q1 2026
ASPSZ Altisource Portfolio - 29C *W EXP 04/02/202 Sold out 33,000 $11Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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