Pinnacle Bancorp, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Pinnacle Bancorp, Inc. reported 895 stock positions worth $306.7 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 9.4% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 5.9%) and Microsoft (MSFT, 2.8%). Compared with Q4 2024, it opened 60 new positions, sold out of 46, added to 169 and reduced 228. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +6%) and the biggest sale Proshares S&P 500 Dividend A (NOBL, shares −95%).

Most Recent 13F
Q2 2026
Location
BEATRICE, NE
CIK
0001703383
Portfolio Value
$306.7M (Q1 2025)
SEC Filing
0001703383-25-000005 ↗ filed Apr 23, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $338.1M Q1 2024 Q2 2024: $338.7M Q2 2024 Q3 2024: $374.0M Q3 2024 Q4 2024: $307.5M Q4 2024 Q1 2025: $306.7M $306.7M Q1 2025 Q2 2025: $324.0M Q2 2025 Q3 2025: $338.5M Q3 2025 Q4 2025: $341.2M Q4 2025 Q1 2026: $338.8M Q1 2026 Q2 2026: $384.4M Q2 2026

Holdings 895 stocks · $306.7M
BRK.A Berkshire Hathaway Inc. Class A 9.37% 36 $28.7M No change
VOO Vanguard S&P 500 ETF 5.91% 35,271 $18.1M Reduce -0.5%
MSFT Microsoft Corp. 2.77% 22,661 $8.5M Reduce -1.5%
BRK.B Berkshire Hathaway Inc. Class B 2.64% 15,222 $8.1M Add +5.6%
AAPL Apple Inc. 2.35% 32,405 $7.2M Reduce -2.0%
IJH iShares Core S&P Midcap ETF 2.30% 121,029 $7.1M Reduce -1.0%
IVV iShares Core S&P 500 ETF 1.74% 9,474 $5.3M Add +1.7%
SPY SS SPDR S&P 500 ETF Trust-US 1.71% 9,349 $5.2M Add +0.5%
AMZN Amazon.com Inc. 1.68% 27,055 $5.1M Reduce -0.5%
COST Costco Wholesale Corp. 1.65% 5,349 $5.1M Reduce -1.0%
JPM JPMorgan Chase & Co. 1.62% 20,293 $5.0M Reduce -1.1%
V Visa Inc. Class A 1.62% 14,180 $5.0M Reduce -9.9%
EFA iShares MSCI Eafe ETF 1.58% 59,167 $4.8M Add +0.4%
LLY Eli Lilly & Co. 1.43% 5,304 $4.4M Add +0.7%
IVE iShares S&P 500 Value ETF 1.37% 21,981 $4.2M Reduce -2.0%
BND Vanguard Total Bond Market 1.33% 55,401 $4.1M Add +1.1%
META Meta Platforms Inc. Class A 1.23% 6,527 $3.8M Add +1.2%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 1.07% 25,505 $3.3M No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 1.04% 10,344 $3.2M Reduce -1.2%
VIG Vanguard Dividend Apprec ETF 1.03% 16,356 $3.2M Reduce -3.1%
GOOGL Alphabet Inc. Class A 1.03% 20,395 $3.2M Reduce -2.5%
VTI VG Morningstar TS MKT ETF-US 0.92% 10,318 $2.8M Add +0.3%
PG The Procter & Gamble Co. 0.92% 16,479 $2.8M Reduce -1.9%
VWO Vanguard Ftse Emerging Marke 0.89% 60,526 $2.7M Add +0.1%
GOOG Alphabet Inc. Class C 0.89% 17,404 $2.7M Reduce -0.1%
JNJ Johnson & Johnson 0.88% 16,364 $2.7M Reduce -1.7%
ABBV Abbvie Inc. 0.85% 12,474 $2.6M Reduce -3.9%
IJR iShares Core S&P Small-Cap E 0.77% 22,686 $2.4M Reduce -1.5%
SUB iShares Short-Term National 0.73% 21,304 $2.2M Reduce -0.8%
VGSH Vanguard Short-Term Treasury 0.71% 37,043 $2.2M Add +23.6%
IEFA iShares Core MSCI Eafe ETF 0.69% 28,095 $2.1M Reduce -1.2%
IJJ iShares S&P Mid-Cap 400 Valu 0.66% 16,825 $2.0M Reduce -1.7%
MCD McDonald's Corp. 0.64% 6,298 $2.0M Add +6.8%
CVX Chevron Corp. 0.63% 11,626 $1.9M Reduce -0.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.63% 5,207 $1.9M Add +2.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.62% 45,488 $1.9M Reduce -2.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.61% 37,557 $1.9M Reduce -7.7%
WFC Wells Fargo & Co. 0.60% 25,706 $1.8M Reduce -9.2%
QQQ Invesco QQQ Trust Series 1 0.58% 3,775 $1.8M No change
DVY iShares Select Dividend ETF 0.52% 11,781 $1.6M No change
AGG iShares Core U.S. Aggregate 0.51% 15,805 $1.6M Add +1.2%
VGIT Vanguard Intermediate-Term T 0.50% 25,883 $1.5M Add +17.8%
IVW iShares S&P 500 Growth ETF 0.49% 16,119 $1.5M Reduce -0.4%
VCSH Vanguard S/T Corp. Bond ETF 0.44% 17,287 $1.4M Reduce -9.5%
UNH Unitedhealth Group Inc. 0.38% 2,241 $1.2M Reduce -0.3%
MUB iShares National Muni Bond E 0.38% 11,046 $1.2M Add +24.2%
DFAS Dimensional US Small Cap ETF 0.37% 19,129 $1.1M No change
PEP Pepsico Inc. 0.37% 7,548 $1.1M Reduce -2.1%
DBEF Xtrackers MSCI Eafe Hedged E 0.37% 25,922 $1.1M No change
IWM iShares Russell 2000 ETF 0.36% 5,520 $1.1M Reduce -2.0%
ILCG iShares Morningstar Growth E 0.36% 13,505 $1.1M No change
VOOG Vanguard S&P 500 Growth ETF 0.36% 3,262 $1.1M No change
KO The Coca-Cola Co. 0.35% 15,044 $1.1M Add +1.7%
CSCO Cisco Systems Inc. 0.35% 17,299 $1.1M Reduce -0.3%
GLD SPDR Gold Shares 0.35% 3,676 $1.1M Add +1.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.34% 6,091 $1.1M Add +2.9%
HON Honeywell International Inc. 0.32% 4,678 $991K Reduce -1.7%
ACN Accenture PLC Class A 0.32% 3,159 $986K Reduce -2.4%
SCHP Schwab U.S. Tips ETF 0.31% 35,103 $944K Reduce -0.2%
MBB iShares MBS ETF 0.30% 9,841 $923K Reduce -6.9%
BLK BlackRock Inc. 0.30% 966 $914K Reduce -3.7%
ADP Automatic Data Processing 0.30% 2,990 $914K Reduce -1.0%
SCHD Schwab US DVD Equity ETF 0.30% 32,529 $910K No change
VNQ Vanguard Real Estate ETF 0.30% 10,018 $907K Reduce -16.3%
WMT Walmart Inc. 0.29% 10,274 $902K Reduce -9.4%
TRV The Travelers Cos Inc. 0.28% 3,268 $864K Reduce -1.5%
LOW Lowe's Cos Inc. 0.28% 3,705 $864K No change
VEA Vanguard Ftse Developed ETF 0.28% 16,806 $854K Reduce -0.4%
DGRO iShares Core Dividend Growth 0.27% 13,604 $840K Add +5.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.27% 5,115 $821K Add +4.2%
SPSB SS SPDR P St C Corp. ETF 0.26% 26,911 $810K Add +0.2%
UNP Union Pacific Corp. 0.26% 3,378 $798K Add +0.3%
ABT Abbott Laboratories 0.26% 6,015 $798K Reduce -1.7%
DFAT Dimensional US Target Value 0.26% 15,399 $793K No change
XOM Exxon Mobil Corp. 0.25% 6,440 $766K Add +0.7%
IEMG iShares Core MSCI Emerging 0.25% 14,030 $757K Reduce -1.3%
EMR Emerson Electric Co. 0.24% 6,838 $750K Add +0.9%
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.24% 7,831 $733K Add +0.8%
AMT American Tower Corp. 0.23% 3,231 $703K Add +245.9%
AFL Aflac Inc. 0.23% 6,262 $696K No change
HD Home Depot Inc. 0.22% 1,864 $683K Add +2.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.22% 2,631 $680K Reduce -27.1%
FIXD First Trust Smith Opportunis 0.22% 15,353 $673K Reduce -0.1%
FYT First Trust Small Cap Val 0.22% 13,413 $667K No change
CDNS Cadence Design SYS Inc. 0.22% 2,621 $667K Add +3.8%
PAYX Paychex Inc. 0.22% 4,283 $661K Reduce -2.3%
MRK Merck & Co. Inc. 0.21% 7,195 $646K Reduce -1.3%
IWR iShares Russell Mid-Cap ETF 0.21% 7,495 $638K Add +0.3%
SPYV SS SPDR P S&P 500 Value ETF 0.20% 12,313 $629K Reduce -6.2%
LIN Linde PLC 0.20% 1,340 $624K Add +2.6%
NVDA Nvidia Corp. 0.20% 5,755 $624K Add +11.6%
GD General Dynamics Corp. 0.20% 2,268 $618K Reduce -0.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.20% 2,522 $617K Add +9.6%
IAU iShares Gold Trust 0.20% 10,357 $611K No change
IBTH iShares Ibonds Dec 2027 Term 0.20% 27,197 $610K Add +42.3%
VZ Verizon Communications Inc. 0.20% 13,370 $606K Reduce -6.1%
VOOV Vanguard S&P 500 Value ETF 0.20% 3,282 $605K No change
VTC Vanguard Total Corporate BND 0.19% 7,650 $588K No change
IBTG iShares Ibonds Dec 2026 Term 0.19% 25,396 $583K Add +20.8%
MS Morgan Stanley 0.19% 4,947 $577K Reduce -8.4%

Show all 895 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $4K (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 51$2KNew
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 39$1KNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 28$998New

Total filed on the 13F, all lines: $306.7M.

Portfolio Sells Q4 2024 → Q1 2025
NOBL Proshares S&P 500 Dividend A Reduce -95.0% 0.03% −0.49
MSFT Microsoft Corp. Reduce -1.5% 2.77% −0.38
AAPL Apple Inc. Reduce -2.0% 2.35% −0.35
VOO Vanguard S&P 500 ETF Reduce -0.5% 5.91% −0.30
AMZN Amazon.com Inc. Reduce -0.5% 1.68% −0.26
GOOGL Alphabet Inc. Class A Reduce -2.5% 1.03% −0.26
GOOG Alphabet Inc. Class C Reduce -0.1% 0.89% −0.19
IJH iShares Core S&P Midcap ETF Reduce -1.0% 2.30% −0.17
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -1.2% 1.04% −0.13
IJR iShares Core S&P Small-Cap E Reduce -1.5% 0.77% −0.09
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -27.1% 0.22% −0.09
EEMV iShares MSCI Emg MKT Min Vol Sold out 0.00% −0.07
VTEB Vanguard Tax-Exempt Bond ETF Reduce -7.7% 0.61% −0.06
VNQ Vanguard Real Estate ETF Reduce -16.3% 0.30% −0.05
BAC Bank of America Corp. Reduce -2.9% 0.62% −0.05
ACN Accenture PLC Class A Reduce -2.4% 0.32% −0.05
GNMA iShares Gnma Bond ETF Reduce -85.4% 0.01% −0.05
CRM Salesforce Inc. Reduce -7.3% 0.14% −0.05
IVW iShares S&P 500 Growth ETF Reduce -0.4% 0.49% −0.05
IWM iShares Russell 2000 ETF Reduce -2.0% 0.36% −0.05
NOW ServiceNow Inc. Reduce -6.8% 0.11% −0.05
WFC Wells Fargo & Co. Reduce -9.2% 0.60% −0.04
VIG Vanguard Dividend Apprec ETF Reduce -3.1% 1.03% −0.04
TSM Taiwan Semiconductor-SP ADR Reduce -27.6% 0.06% −0.04
VCSH Vanguard S/T Corp. Bond ETF Reduce -9.5% 0.44% −0.04
IJJ iShares S&P Mid-Cap 400 Valu Reduce -1.7% 0.66% −0.04
WMT Walmart Inc. Reduce -9.4% 0.29% −0.04
ADBE Adobe Inc. Reduce -4.6% 0.18% −0.04
BLK BlackRock Inc. Reduce -3.7% 0.30% −0.04
VTIP Vanguard Short-Term Tips Reduce -35.4% 0.07% −0.04
MS Morgan Stanley Reduce -8.4% 0.19% −0.03
GWW WW Grainger Inc. Reduce -24.2% 0.08% −0.03
SBUX Starbucks Corp. Reduce -24.4% 0.14% −0.03
TGT Target Corp. Reduce -14.6% 0.06% −0.03
USB US Bancorp Reduce -2.2% 0.19% −0.03
PYPL PayPal Holdings Inc. Reduce -42.8% 0.02% −0.03
ORCL Oracle Corp. Reduce -4.5% 0.12% −0.03
CMI Cummins Inc. Reduce -4.9% 0.17% −0.03
IVE iShares S&P 500 Value ETF Reduce -2.0% 1.37% −0.03
HON Honeywell International Inc. Reduce -1.7% 0.32% −0.03
DIS The Walt Disney Co. Reduce -1.9% 0.18% −0.03
MRK Merck & Co. Inc. Reduce -1.3% 0.21% −0.03
MAR Marriott International Class A Reduce -13.4% 0.07% −0.02
TIP iShares Tips Bond ETF Reduce -27.2% 0.07% −0.02
TXN Texas Instruments Inc. Reduce -9.7% 0.15% −0.02
VXF Vanguard Extended Market ETF Reduce -56.6% 0.01% −0.02
FBND Fidelity Total Bond ETF Reduce -97.5% 0.00% −0.02
NVO Novo-Nordisk A/S-Spons ADR Reduce -37.0% 0.02% −0.02
EOG EOG Resources Inc. Reduce -23.9% 0.08% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -3.7% 0.16% −0.02

Portfolio Buys Q4 2024 → Q1 2025
BRK.B Berkshire Hathaway Inc. Class B Add +5.6% 2.64% +0.52
AMT American Tower Corp. Add +245.9% 0.23% +0.17
VGSH Vanguard Short-Term Treasury Add +23.6% 0.71% +0.14
EFA iShares MSCI Eafe ETF Add +0.4% 1.58% +0.13
BIV Vanguard Intermediate-Term B Add +177.2% 0.17% +0.11
LLY Eli Lilly & Co. Add +0.7% 1.43% +0.11
VGIT Vanguard Intermediate-Term T Add +17.8% 0.50% +0.09
MCD McDonald's Corp. Add +6.8% 0.64% +0.09
AVUS Avantis U.S. Equity ETF New 0.07% +0.07
AVEM Avantis Emerging Markets Eq New 0.07% +0.07
MUB iShares National Muni Bond E Add +24.2% 0.38% +0.07
SCHB Schwab US Broad Market ETF Add +73.9% 0.18% +0.07
IBTH iShares Ibonds Dec 2027 Term Add +42.3% 0.20% +0.06
GLD SPDR Gold Shares Add +1.2% 0.35% +0.06
IBTF iShares Ibonds Dec 2025 Term Add +46.0% 0.18% +0.06
IEF iShares 7-10 Year Treasury B Add +48.3% 0.16% +0.06
KO The Coca-Cola Co. Add +1.7% 0.35% +0.05
UITB Victoryshares Core Intermedi New 0.05% +0.05
BND Vanguard Total Bond Market Add +1.1% 1.33% +0.05
IBTG iShares Ibonds Dec 2026 Term Add +20.8% 0.19% +0.03
UBER Uber Technologies Inc. Add +30.9% 0.09% +0.03
RTX RTX Corp. Add +6.1% 0.17% +0.03
TLT iShares 20+ Year Treasury BD Add +23.4% 0.13% +0.03
VWO Vanguard Ftse Emerging Marke Add +0.1% 0.89% +0.03
XOM Exxon Mobil Corp. Add +0.7% 0.25% +0.03
LIN Linde PLC Add +2.6% 0.20% +0.03
APD Air Products & Chemicals Inc. Add +55.5% 0.07% +0.03
JHMM John Hancock Multi Fact Mid Add +123.3% 0.05% +0.02
ZROZ PIMCO 25+ YR Zero CPN US Tif New 0.02% +0.02
EFV iShares MSCI Eafe Value ETF Add +3.5% 0.15% +0.02
RSP Invesco S&P 500 Equal Weight Add +17.9% 0.14% +0.02
TDG Transdigm Group Inc. Add +15.8% 0.10% +0.02
ACGL Arch Capital Group Ltd. New 0.02% +0.02
AGG iShares Core U.S. Aggregate Add +1.2% 0.51% +0.02
XCEM Columbia Em Core Ex-China New 0.02% +0.02
DGRO iShares Core Dividend Growth Add +5.8% 0.27% +0.02
MELI MercadoLibre Inc. New 0.02% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +2.9% 0.34% +0.02
SPYG SS SPDR P S&P 500 Growth ETF Add +218.7% 0.03% +0.02
JCPB JPMorgan Core Plus Bond ETF Add +80.3% 0.03% +0.02
DG Dollar General Corp. Add +108.4% 0.03% +0.02
PLD Prologis Inc. Add +13.7% 0.09% +0.01
SO The Southern Co. Add +0.8% 0.12% +0.01
ASML ASML Holding NV-NY Reg SHS New 0.01% +0.01
AMGN Amgen Inc. Add +0.9% 0.08% +0.01
WDAY Workday Inc. Class A New 0.01% +0.01
BOND PIMCO Active Bond Exchange-T Add +77.7% 0.03% +0.01
SLB SLB Ltd. Add +90.2% 0.02% +0.01
DUK Duke Energy Corp. Add +1.1% 0.09% +0.01
IBTI iShares Ibonds Dec 2028 Term Add +9.7% 0.11% +0.01

Notes & Other Activity Q4 2024 → Q1 2025
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 New 51 $2K
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A New 28 $998

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 919$384.4MBRK.A, VOO, AAPL, IJH, SPY
Q1 2026 883$338.8MBRK.A, VOO, AAPL, MSFT, IJH
Q4 2025 871$341.2MBRK.A, VOO, MSFT, AAPL, BRK.B
Q3 2025 908$338.5MBRK.A, VOO, MSFT, AAPL, BRK.B
Q2 2025 906$324.0MBRK.A, VOO, MSFT, IJH, BRK.B
Q1 2025 895$306.7MBRK.A, VOO, MSFT, BRK.B, AAPL
Q4 2024 880$307.5MBRK.A, VOO, MSFT, AAPL, IJH
Q3 2024 870$374.0MBRK.A, VOO, MSFT, AAPL, IJH
Q2 2024 847$338.7MBRK.A, VOO, BAC, MSFT, AAPL
Q1 2024 822$338.1MBRK.A, VOO, BAC, MSFT, IJH