Pinnacle Holdings, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Pinnacle Holdings, LLC reported 214 stock positions worth $242.1 million. Its top holding was SS SPDR Dow Jones Indus Avg (DIA) at 4.9% of the portfolio, followed by Microsoft (MSFT, 2.1%) and QCR (QCRH, 2.0%). Compared with Q4 2023, it opened 47 new positions, sold out of 19, added to 21 and reduced 109. The biggest buy was a new position in Forum Energy Technologie (fet 9 08/04/25) and the biggest sale SS SPDR Dow Jones Indus Avg (DIA, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- TULSA, OK
- CIK
- 0001411784
- Portfolio Value
- $242.1M (Q1 2024)
- SEC Filing
- 0001411784-24-000005 ↗ filed May 9, 2024
Holdings Value
Holdings 214 stocks · $242.1M
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 4.88% | 29,683 | $11.8M | Reduce -9.1% |
| MSFT Microsoft Corp. | 2.11% | 12,160 | $5.1M | Reduce -6.1% |
| QCRH QCR Holdings Inc. | 2.03% | 80,860 | $4.9M | Reduce -1.5% |
| OKE Oneok Inc. | 1.99% | 60,244 | $4.8M | Reduce -1.4% |
| UNH Unitedhealth Group Inc. | 1.99% | 9,719 | $4.8M | Reduce -7.5% |
| TRGP Targa Resources Corp. | 1.86% | 40,126 | $4.5M | Reduce -2.7% |
| AMGN Amgen Inc. | 1.70% | 14,461 | $4.1M | Reduce -4.7% |
| AM Antero Midstream Corp. | 1.69% | 290,650 | $4.1M | Reduce -1.1% |
| KNTK Kinetik Holdings Inc. | 1.67% | 101,107 | $4.0M | Reduce -1.7% |
| GS Goldman Sachs Group Inc. | 1.64% | 9,479 | $4.0M | Reduce -7.7% |
| HD Home Depot Inc. | 1.60% | 10,111 | $3.9M | Reduce -7.3% |
| CAT Caterpillar Inc. | 1.46% | 9,676 | $3.5M | Reduce -7.5% |
| MPLX MPLX LP | 1.40% | 81,764 | $3.4M | Reduce -0.6% |
| Homestreet Inc | 1.37% | 220,251 | $3.3M | Reduce -2.5% |
| UNTC Unit Corp. | 1.37% | 89,357 | $3.3M | Reduce -1.1% |
| WMB Williams Cos Inc. | 1.33% | 82,470 | $3.2M | Reduce -22.3% |
| HESM Hess Midstream LP Class A | 1.30% | 86,888 | $3.1M | Reduce -1.6% |
| ET Energy Transfer LP | 1.24% | 190,171 | $3.0M | No change |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | 1.23% | 3,017,000 | $3.0M | New |
| MCD McDonald's Corp. | 1.22% | 10,500 | $3.0M | Reduce -7.0% |
| NAVIOS MARITIME PARTNERS L P | 1.17% | 66,179 | $2.8M | Reduce -2.2% |
| AAPL Apple Inc. | 1.12% | 15,745 | $2.7M | Reduce -9.3% |
| ARLP Alliance Resource Partners | 1.09% | 132,106 | $2.6M | Reduce -0.7% |
| V Visa Inc. Class A | 1.09% | 9,469 | $2.6M | Reduce -7.7% |
| CRM Salesforce Inc. | 1.08% | 8,657 | $2.6M | Reduce -7.6% |
| JPM JPMorgan Chase & Co. | 1.04% | 12,519 | $2.5M | Reduce -5.9% |
| WES Western Gas Equity Partners | 1.01% | 68,969 | $2.5M | Reduce -0.9% |
| EPD Enterprise Products Partners | 0.99% | 82,173 | $2.4M | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | 0.99% | 2,745,000 | $2.4M | New |
| SMMF Summit Financial Group Inc. | 0.96% | 86,002 | $2.3M | Reduce -0.5% |
| GEL Genesis Energy L.P. | 0.96% | 209,675 | $2.3M | Add +1.0% |
| ETRN Equitrans Midstream Corp. | 0.92% | 177,816 | $2.2M | Reduce -1.7% |
| SFM Sprouts Farmers Market Inc. | 0.92% | 34,400 | $2.2M | Reduce -4.5% |
| SBFG SB Financial Group Inc. filed as SB FINL GROUP INC | 0.90% | 157,705 | $2.2M | Reduce -0.5% |
| TRV The Travelers Cos Inc. | 0.89% | 9,412 | $2.2M | Reduce -7.7% |
| BHF Brighthouse Financial Inc. | 0.89% | 41,875 | $2.2M | Add +0.0% |
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | 0.88% | 500,000 | $2.1M | New |
| CVX Chevron Corp. | 0.88% | 13,560 | $2.1M | Reduce -5.0% |
| AXP American Express Co. | 0.88% | 9,351 | $2.1M | Reduce -7.7% |
| CLF Cleveland-Cliffs Inc. | 0.88% | 93,491 | $2.1M | Reduce -3.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.86% | 10,967 | $2.1M | Reduce -6.7% |
| AMZN Amazon.com Inc. | 0.84% | 11,285 | $2.0M | New |
| HON Honeywell International Inc. | 0.83% | 9,834 | $2.0M | Reduce -6.8% |
| ENLC Enlink Midstream LLC | 0.83% | 146,887 | $2.0M | Reduce -0.4% |
| BA The Boeing Co. | 0.83% | 10,356 | $2.0M | Reduce -7.0% |
| PG The Procter & Gamble Co. | 0.82% | 12,196 | $2.0M | Reduce -6.0% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.82% | 61,083 | $2.0M | Reduce -4.0% |
| JNJ Johnson & Johnson | 0.82% | 12,480 | $2.0M | Reduce -5.9% |
| MOFG Midwestone Financial Group I | 0.77% | 79,015 | $1.9M | Add +9.1% |
| C Citigroup Inc. | 0.76% | 29,110 | $1.8M | Reduce -0.7% |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | 0.76% | 1,750,000 | $1.8M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | 0.74% | 1,820,000 | $1.8M | New |
| ASO Academy Sports & Outdoors Inc. | 0.74% | 26,477 | $1.8M | Reduce -3.9% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | 0.72% | 1,660,000 | $1.8M | New |
| ARCB Arcbest Corp. | 0.71% | 12,137 | $1.7M | Reduce -3.2% |
| M D C HLDGS INC | 0.69% | 26,659 | $1.7M | Reduce -6.2% |
| TALO Talos Energy Inc. | 0.69% | 119,936 | $1.7M | Add +2.7% |
| JBLU Jetblue Airways Corp. | 0.69% | 224,606 | $1.7M | Reduce -2.4% |
| NFE New Fortress Energy Inc. | 0.68% | 54,066 | $1.7M | Reduce -1.9% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | 0.68% | 1,809,000 | $1.7M | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | 0.65% | 1,765,000 | $1.6M | New |
| MRK Merck & Co. Inc. | 0.62% | 11,444 | $1.5M | Reduce -6.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 38,693 | $1.5M | No change |
| EGY Vaalco Energy Inc. | 0.59% | 205,117 | $1.4M | No change |
| JXN Jackson Financial Inc. Class A | 0.59% | 21,585 | $1.4M | No change |
| KE Kimball Electronics Inc. | 0.56% | 63,103 | $1.4M | Add +10.1% |
| FUNC First United Corp. | 0.56% | 59,266 | $1.4M | Reduce -0.6% |
| AGX Argan Inc. | 0.53% | 25,619 | $1.3M | Reduce -2.8% |
| XPRO Expro Group Holdings NV | 0.53% | 64,367 | $1.3M | Reduce -0.0% |
| EZCORP INC (EZPW 2.375 05/01/25) | 0.53% | 1,311,000 | $1.3M | New |
| YELP Yelp Inc. | 0.51% | 31,321 | $1.2M | Add +5.7% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | 0.50% | 1,230,000 | $1.2M | New |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 0.49% | 39,365 | $1.2M | Add +255.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.48% | 9,461 | $1.2M | Reduce -7.7% |
| FBMS First Bancshares Inc. | 0.46% | 43,216 | $1.1M | Reduce -0.4% |
| CZWI Citizens Community Bancorp I | 0.46% | 91,665 | $1.1M | Reduce -0.4% |
| PEBO Peoples Bancorp Inc. | 0.45% | 37,180 | $1.1M | Reduce -0.6% |
| LZB La-Z-Boy Inc. | 0.45% | 29,165 | $1.1M | Reduce -3.8% |
| ESSA Essa Bancorp Inc. | 0.45% | 59,656 | $1.1M | Reduce -0.6% |
| INNOVIVA INC (INVA 2.125 03/15/28) | 0.45% | 1,240,000 | $1.1M | New |
| DKL Delek Logistics Partners LP | 0.45% | 26,310 | $1.1M | Add +7.1% |
| DATADOG INC (DDOG 0.125 06/15/25) | 0.44% | 750,000 | $1.1M | New |
| PFBX Peoples Financial Corp. | 0.44% | 68,588 | $1.1M | Reduce -0.3% |
| VTLE Vital Energy Inc. | 0.43% | 19,931 | $1.0M | Add +9.8% |
| TBCH Turtle Beach Corp. | 0.43% | 60,318 | $1.0M | Reduce -3.4% |
| ZSCALER INC. (ZS 0.125 07/01/25) | 0.42% | 750,000 | $1.0M | New |
| MMM 3M Co. | 0.41% | 9,351 | $992K | Reduce -7.7% |
| ONB Old National Bancorp | 0.41% | 56,933 | $991K | No change |
| HWBK Hawthorn Bancshares Inc. | 0.40% | 47,823 | $977K | Reduce -0.6% |
| PEBK Peoples Bancorp of NC | 0.40% | 34,889 | $972K | No change |
| CUBI Customers Bancorp Inc. | 0.38% | 17,495 | $928K | Reduce -1.2% |
| WLKP Westlake Chemical Partners L | 0.38% | 41,491 | $921K | Add +0.0% |
| CIVB Civista Bancshares Inc. | 0.38% | 59,140 | $910K | Reduce -0.7% |
| KMI Kinder Morgan Inc. | 0.37% | 49,001 | $899K | Reduce -1.9% |
| NKE Nike Inc. Class B | 0.36% | 9,226 | $867K | Reduce -7.8% |
| PKBK Parke Bancorp Inc. | 0.36% | 50,192 | $865K | Reduce -0.5% |
| OCFC Oceanfirst Financial Corp. | 0.35% | 51,497 | $845K | Reduce -1.1% |
| FRST Primis Financial Corp. | 0.34% | 68,626 | $835K | Reduce -0.5% |
| HMNF HMN Financial Inc. | 0.34% | 39,200 | $827K | No change |
| WMT Walmart Inc. | 0.34% | 13,699 | $824K | Reduce -60.5% |
Other holdings (11): bonds, preferreds, convertibles and warrants · $6.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 47,930 | $1.6M | Add +22.0% |
| AMG CAPITAL TRUST II (AMG 5.15 10/15/37) | CONV PRF | 29,410 | $1.5M | Reduce -3.6% |
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | 54,484 | $1.3M | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,044 | $1.2M | Reduce -4.0% |
| FREDDIE MAC (FMCC 6.55 PERP Y) | PREF STK | 179,580 | $566K | Add +4.4% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 99,075 | $440K | Add +112.7% |
| UNTCW Unit Corp.-CW27 | WARRANT | 137,769 | $101K | Add +48.4% |
| JACKSON FINANCIAL INC (JXN V8 PERP) | PFD | 3,000 | $80K | No change |
| FANNIE MAE (FNMA V8.25 PERP S) | Preferred Stock | 6,000 | $24K | No change |
| MCDBF McDermott Inter TR B -CW27 | WARRANT | 72,441 | $72 | No change |
| MCDTF McDermott Inter TR A -CW27 | WARRANT | 65,197 | $65 | No change |
Total filed on the 13F, all lines: $248.9M.
Portfolio Sells Q4 2023 → Q1 2024
| DIA SS SPDR Dow Jones Indus Avg | Reduce -9.1% | 4.88% | −0.87 |
| UNH Unitedhealth Group Inc. | Reduce -7.5% | 1.99% | −0.60 |
| AMR Alpha Metallurgical Resource | Reduce -75.2% | 0.15% | −0.55 |
| BA The Boeing Co. | Reduce -7.0% | 0.83% | −0.53 |
| WMT Walmart Inc. | Reduce -60.5% | 0.34% | −0.51 |
| UNTC Unit Corp. | Reduce -1.1% | 1.37% | −0.46 |
| AAPL Apple Inc. | Reduce -9.3% | 1.12% | −0.45 |
| WMB Williams Cos Inc. | Reduce -22.3% | 1.33% | −0.40 |
| AMGN Amgen Inc. | Reduce -4.7% | 1.70% | −0.34 |
| MCD McDonald's Corp. | Reduce -7.0% | 1.22% | −0.34 |
| NFE New Fortress Energy Inc. | Reduce -1.9% | 0.68% | −0.29 |
| SMMF Summit Financial Group Inc. | Reduce -0.5% | 0.96% | −0.28 |
| SBFG SB Financial Group Inc. | Reduce -0.5% | 0.90% | −0.25 |
| ARLP Alliance Resource Partners | Reduce -0.7% | 1.09% | −0.22 |
| GS Goldman Sachs Group Inc. | Reduce -7.7% | 1.64% | −0.21 |
| QCRH QCR Holdings Inc. | Reduce -1.5% | 2.03% | −0.21 |
| HON Honeywell International Inc. | Reduce -6.8% | 0.83% | −0.20 |
| HWBK Hawthorn Bancshares Inc. | Reduce -0.6% | 0.40% | −0.17 |
| HD Home Depot Inc. | Reduce -7.3% | 1.60% | −0.16 |
| MSFT Microsoft Corp. | Reduce -6.1% | 2.11% | −0.16 |
| JNJ Johnson & Johnson | Reduce -5.9% | 0.82% | −0.16 |
| V Visa Inc. Class A | Reduce -7.7% | 1.09% | −0.16 |
| NKE Nike Inc. Class B | Reduce -7.8% | 0.36% | −0.15 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.14 |
| FCCO First Community Corp. | Reduce -0.6% | 0.34% | −0.14 |
| CIVB Civista Bancshares Inc. | Reduce -0.7% | 0.38% | −0.14 |
| PEBO Peoples Bancorp Inc. | Reduce -0.6% | 0.45% | −0.14 |
| FBMS First Bancshares Inc. | Reduce -0.4% | 0.46% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.13 |
| EBMT Eagle Bancorp Montana Inc. | Reduce -26.2% | 0.14% | −0.12 |
| PKBK Parke Bancorp Inc. | Reduce -0.5% | 0.36% | −0.12 |
| ESSA Essa Bancorp Inc. | Reduce -0.6% | 0.45% | −0.11 |
| CVX Chevron Corp. | Reduce -5.0% | 0.88% | −0.11 |
| LGIH Lgi Homes Inc. | Reduce -2.9% | 0.33% | −0.11 |
| ASO Academy Sports & Outdoors Inc. | Reduce -3.9% | 0.74% | −0.11 |
| MMM 3M Co. | Reduce -7.7% | 0.41% | −0.11 |
| GE General Electric Company | Sold out | 0.00% | −0.11 |
| UBOH United Bancshares Inc. | Reduce -26.7% | 0.18% | −0.10 |
| EAF Graftech International Ltd. | Reduce -2.4% | 0.12% | −0.10 |
| IYF iShares US Financials ETF | Sold out | 0.00% | −0.10 |
| PFBX Peoples Financial Corp. | Reduce -0.3% | 0.44% | −0.10 |
| CVLY Codorus Valley Bancorp Inc. | Reduce -0.5% | 0.34% | −0.10 |
| INTC Intel Corp. | Reduce -5.1% | 0.27% | −0.09 |
| FUNC First United Corp. | Reduce -0.6% | 0.56% | −0.09 |
| CUBI Customers Bancorp Inc. | Reduce -1.2% | 0.38% | −0.09 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.09 |
| CRM Salesforce Inc. | Reduce -7.6% | 1.08% | −0.07 |
| OCFC Oceanfirst Financial Corp. | Reduce -1.1% | 0.35% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -6.0% | 0.82% | −0.07 |
| LZB La-Z-Boy Inc. | Reduce -3.8% | 0.45% | −0.07 |
Portfolio Buys Q4 2023 → Q1 2024
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | New | 1.23% | +1.23 |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | New | 0.99% | +0.99 |
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | New | 0.88% | +0.88 |
| AMZN Amazon.com Inc. | New | 0.84% | +0.84 |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | New | 0.76% | +0.76 |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | New | 0.74% | +0.74 |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | New | 0.72% | +0.72 |
| SHAKE SHACK INC (SHAK 0 03/01/28) | New | 0.68% | +0.68 |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | New | 0.65% | +0.65 |
| EZCORP INC (EZPW 2.375 05/01/25) | New | 0.53% | +0.53 |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | New | 0.50% | +0.50 |
| INNOVIVA INC (INVA 2.125 03/15/28) | New | 0.45% | +0.45 |
| DATADOG INC (DDOG 0.125 06/15/25) | New | 0.44% | +0.44 |
| ZSCALER INC. (ZS 0.125 07/01/25) | New | 0.42% | +0.42 |
| XIFR XPLR Infrastructure LP | Add +255.1% | 0.49% | +0.33 |
| COUPA SOFTWARE INC (COUP 0.375 06/15/26) | New | 0.20% | +0.20 |
| Nextera Energy | New | 0.20% | +0.20 |
| FIVE9 INC (FIVN 0.5 06/01/25) | New | 0.19% | +0.19 |
| CLOUDFLARE INC (NET 0 08/15/26) | New | 0.19% | +0.19 |
| OKTA INC (OKTA 0.375 06/15/26) | New | 0.19% | +0.19 |
| BLACKLINE INC (BL 0 03/15/26) | New | 0.19% | +0.19 |
| BILL HOLDINGS INC (BILL 0 04/01/27) | New | 0.18% | +0.18 |
| EZCORP INC (EZPW 2.875 07/01/24) | New | 0.15% | +0.15 |
| NTGR Netgear Inc. | Add +28.9% | 0.32% | +0.06 |
| VTLE Vital Energy Inc. | Add +9.8% | 0.43% | +0.05 |
| MO Altria Group Inc. | New | 0.04% | +0.04 |
| MESA AIR GROUP INC | Add +62.1% | 0.19% | +0.04 |
| Microchip Technology | New | 0.03% | +0.03 |
| JEPI JPMorgan Equity Premium Inco | New | 0.03% | +0.03 |
| DIV Global X Superdividend Use | New | 0.03% | +0.03 |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | New | 0.02% | +0.02 |
| TNK Teekay Tankers Ltd. Class A | Add +349.4% | 0.03% | +0.02 |
| ASC Ardmore Shipping Corp. | New | 0.02% | +0.02 |
| ACT Enact Holdings Inc. | New | 0.02% | +0.02 |
| BCS Barclays PLC-Spons ADR | New | 0.02% | +0.02 |
| TEEKAY CORPORATION | Add +536.6% | 0.02% | +0.02 |
| RYAM Rayonier Advanced Materials | New | 0.02% | +0.02 |
| RNGR Ranger Energy Services Class A | New | 0.02% | +0.02 |
| GASS Stealthgas Inc. | New | 0.02% | +0.02 |
| BDN Brandywine Realty Trust | New | 0.02% | +0.02 |
| PDM Piedmont Realty Trust Inc. | New | 0.02% | +0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | New | 0.02% | +0.02 |
| TOST Toast Inc. Class A | New | 0.01% | +0.01 |
| NYT New York Times Co. Class A | New | 0.01% | +0.01 |
| OZK Bank Ozk | New | 0.01% | +0.01 |
| TATT Tat Technologies Ltd. | New | 0.01% | +0.01 |
| ITRI Itron Inc. | New | 0.01% | +0.01 |
| SNDR Schneider National Inc. Class B | New | 0.01% | +0.01 |
| KTOS Kratos Defense & Security | New | 0.01% | +0.01 |
| BBT Beacon Financial Corp. | New | 0.01% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | Sold out | 2,572,000 | $2.5Mbefore exit |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Sold out | 2,795,000 | $2.0Mbefore exit |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 1,705,000 | $1.9Mbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | Sold out | 1,865,000 | $1.8Mbefore exit |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | Sold out | 1,770,000 | $1.7Mbefore exit |
| GREENBRIER COS INC (GBX 2.875 02/01/24) | NOTE 2.875% 2/0 · principal | Sold out | 1,655,000 | $1.6Mbefore exit |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Add +22.0% | 47,930 | $1.6M |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Sold out | 1,785,000 | $1.5Mbefore exit |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | Sold out | 1,849,000 | $1.5Mbefore exit |
| AMG CAPITAL TRUST II (AMG 5.15 10/15/37) | CONV PRF | Reduce -3.6% | 29,410 | $1.5M |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | Sold out | 1,356,000 | $1.3Mbefore exit |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | Sold out | 1,280,000 | $1.3Mbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -4.0% | 1,044 | $1.2M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 750,000 | $1.1Mbefore exit |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | Sold out | 1,260,000 | $1.1Mbefore exit |
| FREDDIE MAC (FMCC 6.55 PERP Y) | PREF STK | Add +4.4% | 179,580 | $566K |
| COUPA SOFTWARE INC (COUP 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Sold out | 500,000 | $500Kbefore exit |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | Sold out | 500,000 | $478Kbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 500,000 | $449Kbefore exit |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Sold out | 500,000 | $444Kbefore exit |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Sold out | 500,000 | $442Kbefore exit |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Add +112.7% | 99,075 | $440K |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | Sold out | 500,000 | $414Kbefore exit |
| EZCORP INC (EZPW 2.875 07/01/24) | NOTE 2.875% 7/0 · principal | Sold out | 310,000 | $316Kbefore exit |
| UNTCW Unit Corp.-CW27 | WARRANT | Add +48.4% | 137,769 | $101K |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 50,000 | $56Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 219 | $303.7M | DIA, CAT, GS, TRGP, WMB |
| Q1 2026 | 210 | $280.5M | DIA, GS, CAT, AM, WMB |
| Q4 2025 | 223 | $263.5M | DIA, GS, FMCC, CAT, AAPL |
| Q3 2025 | 221 | $254.7M | DIA, GS, FMCC, MSFT, AM |
| Q2 2025 | 199 | $240.0M | DIA, GS, MSFT, AM, WMB |
| Q1 2025 | 204 | $226.6M | DIA, OKE, AM, WMB, KNTK |
| Q4 2024 | 202 | $230.0M | DIA, TRGP, OKE, KNTK, AAPL |
| Q3 2024 | 204 | $225.6M | DIA, QCRH, UNH, TRGP, OKE |
| Q2 2024 | 202 | $214.0M | DIA, MSFT, TRGP, UNH, OKE |
| Q1 2024 | 214 | $242.1M | DIA, MSFT, QCRH, OKE, UNH |