Pinnacle Holdings, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Pinnacle Holdings, LLC reported 204 stock positions worth $225.6 million. Its top holding was SS SPDR Dow Jones Indus Avg (DIA) at 5.0% of the portfolio, followed by QCR (QCRH, 2.5%) and Unitedhealth (UNH, 2.5%). Compared with Q2 2024, it opened 24 new positions, sold out of 22, added to 37 and reduced 90. The biggest buy was a new position in Orrstown Finl Services (ORRF) and the biggest sale an exit from Equitrans Midstream (ETRN).

Most Recent 13F
Q2 2026
Location
TULSA, OK
CIK
0001411784
Portfolio Value
$225.6M (Q3 2024)
SEC Filing
0001411784-24-000009 ↗ filed Nov 12, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $242.1M Q1 2024 Q2 2024: $214.0M Q2 2024 Q3 2024: $225.6M $225.6M Q3 2024 Q4 2024: $230.0M Q4 2024 Q1 2025: $226.6M Q1 2025 Q2 2025: $240.0M Q2 2025 Q3 2025: $254.7M Q3 2025 Q4 2025: $263.5M Q4 2025 Q1 2026: $280.5M Q1 2026 Q2 2026: $303.7M Q2 2026

Holdings 204 stocks · $225.6M
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 5.01% 26,715 $11.3M Reduce -0.4%
QCRH QCR Holdings Inc. 2.50% 76,064 $5.6M Reduce -5.1%
UNH Unitedhealth Group Inc. 2.47% 9,524 $5.6M Reduce -0.8%
TRGP Targa Resources Corp. 2.42% 36,920 $5.5M Reduce -6.3%
OKE Oneok Inc. 2.35% 58,143 $5.3M Reduce -2.2%
MSFT Microsoft Corp. 2.30% 12,069 $5.2M Add +0.4%
GS Goldman Sachs Group Inc. 2.03% 9,271 $4.6M Reduce -0.7%
KNTK Kinetik Holdings Inc. 2.00% 99,476 $4.5M Reduce -0.8%
AM Antero Midstream Corp. 1.92% 288,296 $4.3M Reduce -0.2%
AMGN Amgen Inc. 1.90% 13,302 $4.3M Reduce -0.1%
NAVIOS MARITIME PARTNERS L P 1.84% 66,343 $4.2M Add +1.2%
HD Home Depot Inc. 1.79% 9,962 $4.0M Reduce -0.5%
WMB Williams Cos Inc. 1.68% 83,008 $3.8M Add +0.4%
MPLX MPLX LP 1.65% 83,580 $3.7M Add +2.7%
CAT Caterpillar Inc. 1.64% 9,468 $3.7M Reduce -0.7%
AAPL Apple Inc. 1.59% 15,280 $3.6M Reduce -2.1%
Homestreet Inc 1.54% 220,345 $3.5M Reduce -1.1%
ARLP Alliance Resource Partners 1.47% 132,670 $3.3M Add +0.6%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 1.43% 157,212 $3.2M Reduce -0.1%
MCD McDonald's Corp. 1.38% 10,214 $3.1M Reduce -1.4%
ET Energy Transfer LP 1.36% 191,536 $3.1M Add +0.7%
GEL Genesis Energy L.P. 1.36% 229,409 $3.1M Add +9.8%
HESM Hess Midstream LP Class A 1.36% 86,827 $3.1M Reduce -0.4%
UNTC Unit Corp. 1.25% 89,213 $2.8M Add +0.1%
EPD Enterprise Products Partners 1.18% 91,197 $2.7M Add +12.0%
BHRB Burke & Herbert Financial SE 1.17% 43,384 $2.6M Add +0.2%
WES Western Gas Equity Partners 1.17% 68,775 $2.6M Add +0.2%
JPM JPMorgan Chase & Co. 1.14% 12,248 $2.6M Reduce -1.3%
V Visa Inc. Class A 1.14% 9,351 $2.6M Reduce -0.1%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 1.10% 60,408 $2.5M Reduce -0.4%
AXP American Express Co. 1.09% 9,048 $2.5M Reduce -0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.04% 10,638 $2.4M Reduce -2.4%
CRM Salesforce Inc. 1.03% 8,451 $2.3M Reduce -0.7%
ENLC Enlink Midstream LLC 1.01% 157,508 $2.3M Add +5.7%
MOFG Midwestone Financial Group I 0.99% 78,108 $2.2M Reduce -4.5%
TRV The Travelers Cos Inc. 0.96% 9,211 $2.2M Reduce -0.6%
AMZN Amazon.com Inc. 0.93% 11,263 $2.1M Reduce -0.2%
BHF Brighthouse Financial Inc. 0.92% 46,106 $2.1M Add +8.4%
HON Honeywell International Inc. 0.89% 9,670 $2.0M Reduce -0.5%
PG The Procter & Gamble Co. 0.88% 11,482 $2.0M Reduce -5.0%
CVX Chevron Corp. 0.88% 13,427 $2.0M Reduce -0.8%
JNJ Johnson & Johnson 0.86% 11,963 $1.9M Reduce -3.6%
C Citigroup Inc. 0.81% 29,083 $1.8M No change
FUNC First United Corp. 0.78% 59,206 $1.8M No change
ASO Academy Sports & Outdoors Inc. 0.75% 28,820 $1.7M Reduce -0.2%
JXN Jackson Financial Inc. Class A 0.74% 18,235 $1.7M Reduce -15.5%
JBLU Jetblue Airways Corp. 0.68% 234,914 $1.5M Add +2.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.68% 38,693 $1.5M No change
DKL Delek Logistics Partners LP 0.66% 34,212 $1.5M Add +29.4%
BA The Boeing Co. 0.66% 9,773 $1.5M Reduce -4.3%
ARCB Arcbest Corp. 0.65% 13,523 $1.5M Reduce -0.1%
FBMS First Bancshares Inc. 0.61% 43,151 $1.4M No change
MRK Merck & Co. Inc. 0.58% 11,520 $1.3M Add +2.0%
CZWI Citizens Community Bancorp I 0.57% 91,527 $1.3M Reduce -0.1%
TALO Talos Energy Inc. 0.56% 121,323 $1.3M Reduce -1.3%
CLF Cleveland-Cliffs Inc. 0.56% 98,189 $1.3M Reduce -0.8%
MMM 3M Co. 0.55% 9,143 $1.2M Reduce -0.7%
LZB La-Z-Boy Inc. 0.55% 28,899 $1.2M Reduce -0.3%
AGX Argan Inc. 0.54% 12,104 $1.2M Reduce -52.5%
YELP Yelp Inc. 0.54% 34,533 $1.2M Add +5.0%
HWBK Hawthorn Bancshares Inc. 0.53% 47,764 $1.2M No change
XPRO Expro Group Holdings NV 0.52% 68,777 $1.2M Add +6.7%
EGY Vaalco Energy Inc. 0.52% 205,117 $1.2M No change
KE Kimball Electronics Inc. 0.51% 62,737 $1.2M Reduce -0.5%
KMI Kinder Morgan Inc. 0.50% 51,127 $1.1M Add +4.6%
ORRF Orrstown Finl Services Inc. 0.50% 31,368 $1.1M New
ESSA Essa Bancorp Inc. 0.50% 58,656 $1.1M No change
PEBO Peoples Bancorp Inc. 0.49% 37,091 $1.1M No change
HMNF HMN Financial Inc. 0.48% 39,200 $1.1M No change
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.48% 39,573 $1.1M Reduce -2.0%
ONB Old National Bancorp 0.47% 56,751 $1.1M No change
CIVB Civista Bancshares Inc. 0.47% 59,030 $1.1M No change
PKBK Parke Bancorp Inc. 0.47% 50,192 $1.0M No change
WMT Walmart Inc. 0.46% 12,955 $1.0M Reduce -2.8%
LGIH Lgi Homes Inc. 0.46% 8,818 $1.0M Reduce -0.7%
FCCO First Community Corp. 0.45% 46,850 $1.0M No change
NTGR Netgear Inc. 0.44% 49,349 $990K Reduce -3.3%
NFE New Fortress Energy Inc. 0.42% 105,205 $956K Add +67.4%
OCFC Oceanfirst Financial Corp. 0.42% 51,432 $956K Add +0.1%
PAMT Pamt Corp. filed as P A M TRANSN SVCS INC 0.42% 50,851 $941K Reduce -0.7%
TBCH Turtle Beach Corp. 0.41% 59,981 $920K Reduce -0.1%
WLKP Westlake Chemical Partners L 0.40% 40,302 $903K Reduce -2.9%
HOPE Hope Bancorp Inc. 0.39% 70,932 $891K Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.39% 9,248 $890K Reduce -0.7%
PEBK Peoples Bancorp of NC 0.39% 34,889 $886K No change
PFBX Peoples Financial Corp. 0.38% 48,476 $860K Reduce -29.3%
FRST Primis Financial Corp. 0.37% 68,459 $834K No change
MESA AIR GROUP INC 0.37% 683,389 $827K Add +12.4%
UIS Unisys Corp. 0.36% 144,945 $823K Reduce -2.1%
CUBI Customers Bancorp Inc. 0.36% 17,460 $811K No change
NKE Nike Inc. Class B 0.35% 9,016 $797K New
KO The Coca-Cola Co. 0.34% 10,583 $760K Reduce -0.6%
HTZ Hertz Global Hldgs Inc. 0.33% 224,013 $739K Reduce -0.3%
CSCO Cisco Systems Inc. 0.32% 13,658 $727K Reduce -3.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.32% 2,570 $723K New
SSUP Superior Industries Intl 0.31% 231,209 $703K Add +10.7%
EB Eventbrite Inc. Class A 0.30% 245,846 $671K Add +5.2%
SLYV SS SPDR S&P 600 SC Val ETF 0.29% 7,551 $656K Reduce -2.5%
ZION Zions Bancorp NA 0.28% 13,244 $625K No change
FUSB First US Bancshares Inc. 0.27% 56,031 $619K Reduce -0.1%
DOW Dow Inc. 0.27% 11,216 $613K Reduce -0.6%
VZ Verizon Communications Inc. 0.26% 13,169 $591K Reduce -0.5%
TFC Truist Financial Corp. 0.26% 13,520 $578K No change
BG Bunge Ltd. 0.26% 5,972 $577K Add +617.8%
XOM Exxon Mobil Corp. 0.26% 4,923 $577K Reduce -15.0%
VTLE Vital Energy Inc. 0.25% 21,309 $573K Add +2.9%
ORCL Oracle Corp. 0.25% 3,303 $563K Reduce -3.5%
Palantir Technologies 0.23% 14,200 $528K Add +86.8%
FMCC Freddie Mac filed as FEDERAL HOME LN MTG CORP 0.23% 443,912 $510K Reduce -2.5%
FITB Fifth Third Bancorp 0.22% 11,625 $498K No change
CFG Citizens Financial Group 0.21% 11,787 $484K No change
FLG New York Community Bancorp 0.21% 42,786 $480K Reduce -2.5%
UBOH United Bancshares Inc. 0.20% 22,802 $453K No change
DB Deutsche Bank AG-Registered 0.19% 24,900 $431K No change
CWBC Community West Bancshares 0.19% 21,906 $422K No change
SFBC Sound Financial Bancorp Inc. 0.18% 7,709 $412K No change
EBMT Eagle Bancorp Montana Inc. 0.18% 25,954 $410K Reduce -0.1%
THFF First Financial Corp. 0.16% 8,190 $359K No change
BANC Banc of California Inc. 0.16% 24,379 $359K Add +0.2%
SBT Sterling Bancorp Inc. 0.15% 75,494 $343K Reduce -0.1%
INTC Intel Corp. 0.15% 14,359 $337K Reduce -0.4%
GE General Electric Company 0.15% 1,769 $334K Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 565 $324K New
HWC Hancock Whitney Corp. 0.14% 6,232 $319K No change
NOBL Proshares S&P 500 Dividend A 0.12% 2,621 $280K No change
MA Mastercard Inc. Class A 0.11% 491 $242K Add +7.7%
PFS Provident Financial Services 0.10% 11,563 $215K Add +0.0%
TIP iShares Tips Bond ETF 0.09% 1,841 $203K No change
AAL American Airlines Group Inc. 0.08% 16,546 $186K No change
HGTXU Hugoton Royalty Trust 0.08% 369,194 $184K No change
WFC Wells Fargo & Co. 0.08% 3,209 $181K Reduce -16.4%
AMR Alpha Metallurgical Resource 0.08% 744 $176K Reduce -29.9%
PFE Pfizer Inc. 0.08% 6,009 $174K Reduce -7.7%
COP Conocophillips 0.07% 1,537 $162K New
LMT Lockheed Martin Corp. 0.07% 275 $161K No change
CVBF CVB Financial Corp. 0.06% 7,803 $139K No change
DVN Devon Energy Corp. 0.06% 3,280 $128K Reduce -5.9%
FNMA Fannie Mae filed as FEDERAL NATL MTG ASSN COM 0.05% 102,988 $122K No change
AVGO Broadcom Inc. 0.05% 673 $116K New
LLY Eli Lilly & Co. 0.05% 127 $113K New
META Meta Platforms Inc. Class A 0.05% 190 $109K New
RSG Republic Services Inc. 0.04% 497 $100K No change
FNB FNB Corp. 0.04% 7,068 $100K No change
PAA Plains All Amer Pipeline LP 0.04% 5,612 $97K No change
DAC Danaos Corp. 0.04% 1,011 $88K Add +70.2%
SD Sandridge Energy Inc. 0.04% 7,140 $87K No change
TSM Taiwan Semiconductor-SP ADR 0.04% 500 $87K No change
McDermott International 0.04% 388,010 $83K No change
PAGP Plains GP Holdings LP 0.04% 4,450 $82K No change
GASS Stealthgas Inc. 0.03% 11,248 $77K Add +59.6%
UPS United Parcel Service Class B 0.03% 532 $73K Add +1.3%
SFM Sprouts Farmers Market Inc. 0.03% 645 $71K Reduce -23.2%
F Ford Motor Co. filed as FORD MTR CO 0.03% 6,714 $71K Add +0.1%
T AT&T Inc. 0.03% 3,042 $67K Reduce -0.4%
FINV Finvolution Group-ADR 0.03% 10,749 $66K New
MOMO Hello Group Inc. -SPN ADR 0.03% 8,451 $64K New
AZN Astrazeneca PLC-Spons ADR 0.03% 800 $62K No change
GNK Genco Shipping & Trading Ltd. 0.03% 3,000 $59K No change
AGRO Adecoagro SA 0.03% 5,205 $58K New
UBER Uber Technologies Inc. 0.03% 754 $57K New
RYAM Rayonier Advanced Materials 0.02% 6,543 $56K Reduce -29.6%
M Macy's Inc. 0.02% 3,400 $53K Add +750.0%
CMRE Costamare Inc. 0.02% 3,170 $50K Reduce -39.4%
PDM Piedmont Realty Trust Inc. 0.02% 4,787 $48K Reduce -10.4%
GSL Global Ship Lease Inc. Class A 0.02% 1,779 $47K New
TEEKAY CORPORATION 0.02% 5,014 $46K Reduce -34.3%
DKS Dick's Sporting Goods Inc. 0.02% 215 $45K No change
TNK Teekay Tankers Ltd. Class A 0.02% 755 $44K Reduce -35.3%
SPHR Sphere Entertainment Co. 0.02% 984 $43K New
Shenandoah Telecommunications 0.02% 3,020 $43K New
BDN Brandywine Realty Trust 0.02% 7,753 $42K Reduce -8.2%
CALF PCR US SM CP CSH CWS ETF-Usd 0.02% 898 $42K No change
HNRG Hallador Energy Co. 0.02% 4,243 $40K Reduce -15.6%
RNGR Ranger Energy Services Class A 0.02% 3,311 $39K Reduce -27.6%
BCS Barclays PLC-Spons ADR 0.02% 3,124 $38K Reduce -38.3%
BANF Bancfirst Corp. 0.02% 360 $38K No change
UNIT Uniti Group LLC Com SHS 0.02% 6,300 $36K No change
TS Tenaris SA-ADR 0.02% 1,107 $35K Reduce -17.3%
AER Aercap Holdings NV 0.02% 363 $34K Reduce -42.3%
NVDA Nvidia Corp. 0.01% 277 $34K New
PINS Pinterest Inc. Class A 0.01% 1,012 $33K Add +66.2%
IRDM Iridium Communications Inc. 0.01% 1,051 $32K Reduce -31.2%
TOL Toll Brothers Inc. 0.01% 200 $31K No change
EQT Eqt Corp. 0.01% 824 $30K New
VET Vermilion Energy Inc. 0.01% 3,053 $30K Reduce -3.9%
INSW International Seaways Inc. 0.01% 576 $30K Reduce -41.7%
DHI D.R. Horton Inc. 0.01% 150 $29K No change
EOG EOG Resources Inc. 0.01% 232 $29K Add +10.5%
ASC Ardmore Shipping Corp. 0.01% 1,526 $28K Reduce -52.5%
BOKF Bok Financial Corporation 0.01% 260 $27K Reduce -19.3%
BP BP PLC-Spons ADR 0.01% 838 $26K New
B Barrick Gold Corp. 0.01% 1,239 $25K New
BRK.B Berkshire Hathaway Inc. Class B 0.01% 51 $23K New
KTOS Kratos Defense & Security 0.01% 1,000 $23K No change
SWN Southwestern Energy Co. 0.01% 3,000 $21K No change
COLB Columbia Banking System Inc. 0.01% 592 $15K No change
WBA Walgreens Boots Alliance Inc. 0.01% 1,629 $15K New
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.01% 540 $15K No change
FANG Diamondback Energy Inc. 0.01% 71 $12K New
EZPW Ezcorp Inc. Class A 0.01% 1,000 $11K No change
EAF Graftech International Ltd. 0.00% 6,225 $8K Reduce -97.0%
SOUHY SOUTH32 - ADR 0.00% 231 $3K New
AMRC Ameresco Inc. Class A 0.00% 59 $2K New
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 0.00% 186 $2K Reduce -5.6%
Other holdings (33): bonds, preferreds, convertibles and warrants · $30.5M (not counted above)
SecurityClassShares / PrincipalValueChange
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 2,735,000$2.5MNo change
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal 1,725,000$1.9MReduce -1.1%
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 47,438$1.8MReduce -0.6%
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal 1,650,000$1.8MNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) NOTE 2.250% 6/1 · principal 1,805,000$1.8MNo change
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal 1,794,000$1.7MNo change
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF 29,060$1.6MReduce -0.7%
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal 1,525,161$1.5MReduce -49.6%
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal 1,520,000$1.5MReduce -0.7%
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) NOTE 5.500% 2/0 · principal 1,566,000$1.5MNew
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,031$1.3MNo change
BANC OF CALIFORNIA INC (BANC V7.75 PERP F) NON 13F SECURITY 54,484$1.3MNo change
EZCORP INC (EZPW 2.375 05/01/25) NOTE 2.375% 5/0 · principal 1,301,000$1.3MNo change
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 1,220,000$1.2MNo change
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 1,227,000$1.2MReduce -0.4%
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) NOTE 3.875% 8/1 · principal 1,051,000$981KNew
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal 750,000$971KNo change
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 750,000$915KNo change
FREDDIE MAC (FMCC 6.55 PERP Y) PREF STK 179,580$587KNo change
COUPA SOFTWARE INC (COUP 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$490KNo change
FIVE9 INC (FIVN 0.5 06/01/25) NOTE 0.500% 6/0 · principal 500,000$483KNo change
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 500,000$466KNo change
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 500,000$462KNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$461KNo change
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 500,000$442KNo change
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 100,775$221KNo change
JACKSON FINANCIAL INC (JXN V8 PERP) PFD 3,000$80KNo change
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 50,000$51KNo change
UNTCW Unit Corp.-CW27 WARRANT 137,769$43KNo change
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock 6,000$26KNo change
PACWEST BANCORP (PACW V7.75 PERP A) PREF STK 250$6KNew
MCDBF McDermott Inter TR B -CW27 WARRANT 72,441$72New
MCDTF McDermott Inter TR A -CW27 WARRANT 65,197$65New

Total filed on the 13F, all lines: $256.1M.

Portfolio Sells Q2 2024 → Q3 2024
ETRN Equitrans Midstream Corp. Sold out 0.00% −1.06
EMXC iShares MSCI Emr MRK Ex Chna Sold out 0.00% −0.61
CVLY Codorus Valley Bancorp Inc. Sold out 0.00% −0.40
AGX Argan Inc. Reduce -52.5% 0.54% −0.33
Nextera Energy Sold out 0.00% −0.25
BA The Boeing Co. Reduce -4.3% 0.66% −0.21
CLF Cleveland-Cliffs Inc. Reduce -0.8% 0.56% −0.16
EFA iShares MSCI Eafe ETF Sold out 0.00% −0.15
TALO Talos Energy Inc. Reduce -1.3% 0.56% −0.14
PFBX Peoples Financial Corp. Reduce -29.3% 0.38% −0.14
KE Kimball Electronics Inc. Reduce -0.5% 0.51% −0.13
HESM Hess Midstream LP Class A Reduce -0.4% 1.36% −0.13
CVX Chevron Corp. Reduce -0.8% 0.88% −0.11
EAF Graftech International Ltd. Reduce -97.0% 0.00% −0.09
AMZN Amazon.com Inc. Reduce -0.2% 0.93% −0.09
HON Honeywell International Inc. Reduce -0.5% 0.89% −0.08
AM Antero Midstream Corp. Reduce -0.2% 1.92% −0.07
ICVT iShares Convertible Bond ETF Sold out 0.00% −0.06
AMR Alpha Metallurgical Resource Reduce -29.9% 0.08% −0.06
FMCC Freddie Mac Reduce -2.5% 0.23% −0.06
INTC Intel Corp. Reduce -0.4% 0.15% −0.06
XOM Exxon Mobil Corp. Reduce -15.0% 0.26% −0.06
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.06
WIRE Encore Wire Corp. Sold out 0.00% −0.05
PG The Procter & Gamble Co. Reduce -5.0% 0.88% −0.05
AMGN Amgen Inc. Reduce -0.1% 1.90% −0.04
HTZ Hertz Global Hldgs Inc. Reduce -0.3% 0.33% −0.04
DIS The Walt Disney Co. Reduce -0.7% 0.39% −0.04
WLKP Westlake Chemical Partners L Reduce -2.9% 0.40% −0.04
XIFR XPLR Infrastructure LP Reduce -2.0% 0.48% −0.04
JEPI JPMorgan Equity Premium Inco Sold out 0.00% −0.04
SBT Sterling Bancorp Inc. Reduce -0.1% 0.15% −0.03
DIV Global X Superdividend Use Sold out 0.00% −0.03
JPM JPMorgan Chase & Co. Reduce -1.3% 1.14% −0.03
ARCB Arcbest Corp. Reduce -0.1% 0.65% −0.03
BFH Bread Financial Holdings Inc. Sold out 0.00% −0.03
WFC Wells Fargo & Co. Reduce -16.4% 0.08% −0.03
ACT Enact Holdings Inc. Sold out 0.00% −0.02
ASC Ardmore Shipping Corp. Reduce -52.5% 0.01% −0.02
DVN Devon Energy Corp. Reduce -5.9% 0.06% −0.02
CMRE Costamare Inc. Reduce -39.4% 0.02% −0.02
TNK Teekay Tankers Ltd. Class A Reduce -35.3% 0.02% −0.02
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −0.02
SPXL Direxion Daily S&P 500 Bull Sold out 0.00% −0.01
TOST Toast Inc. Class A Sold out 0.00% −0.01
INSW International Seaways Inc. Reduce -41.7% 0.01% −0.01
MCO Moody's Corp. Sold out 0.00% −0.01
ITRI Itron Inc. Sold out 0.00% −0.01
AER Aercap Holdings NV Reduce -42.3% 0.02% −0.01
JXN Jackson Financial Inc. Class A Reduce -15.5% 0.74% −0.01

Portfolio Buys Q2 2024 → Q3 2024
ORRF Orrstown Finl Services Inc. New 0.50% +0.50
NKE Nike Inc. Class B New 0.35% +0.35
AJG Arthur J Gallagher & Co. New 0.32% +0.32
NAVIOS MARITIME PARTNERS L P Add +1.2% 1.84% +0.28
BG Bunge Ltd. Add +617.8% 0.26% +0.21
DKL Delek Logistics Partners LP Add +29.4% 0.66% +0.16
Palantir Technologies Add +86.8% 0.23% +0.14
SPY SS SPDR S&P 500 ETF Trust-US New 0.14% +0.14
BHRB Burke & Herbert Financial SE Add +0.2% 1.17% +0.14
EPD Enterprise Products Partners Add +12.0% 1.18% +0.07
COP Conocophillips New 0.07% +0.07
BHF Brighthouse Financial Inc. Add +8.4% 0.92% +0.06
ENLC Enlink Midstream LLC Add +5.7% 1.01% +0.05
AVGO Broadcom Inc. New 0.05% +0.05
LLY Eli Lilly & Co. New 0.05% +0.05
META Meta Platforms Inc. Class A New 0.05% +0.05
KMI Kinder Morgan Inc. Add +4.6% 0.50% +0.05
OCFC Oceanfirst Financial Corp. Add +0.1% 0.42% +0.04
WMB Williams Cos Inc. Add +0.4% 1.68% +0.04
JBLU Jetblue Airways Corp. Add +2.4% 0.68% +0.03
FINV Finvolution Group-ADR New 0.03% +0.03
MOMO Hello Group Inc. -SPN ADR New 0.03% +0.03
MPLX MPLX LP Add +2.7% 1.65% +0.03
AGRO Adecoagro SA New 0.03% +0.03
UBER Uber Technologies Inc. New 0.03% +0.03
GSL Global Ship Lease Inc. Class A New 0.02% +0.02
M Macy's Inc. Add +750.0% 0.02% +0.02
SPHR Sphere Entertainment Co. New 0.02% +0.02
Shenandoah Telecommunications New 0.02% +0.02
PFS Provident Financial Services Add +0.0% 0.10% +0.02
NVDA Nvidia Corp. New 0.01% +0.01
BANC Banc of California Inc. Add +0.2% 0.16% +0.01
MA Mastercard Inc. Class A Add +7.7% 0.11% +0.01
EQT Eqt Corp. New 0.01% +0.01
DAC Danaos Corp. Add +70.2% 0.04% +0.01
BP BP PLC-Spons ADR New 0.01% +0.01
B Barrick Gold Corp. New 0.01% +0.01
BRK.B Berkshire Hathaway Inc. Class B New 0.01% +0.01
GASS Stealthgas Inc. Add +59.6% 0.03% +0.01
WBA Walgreens Boots Alliance Inc. New 0.01% +0.01
FANG Diamondback Energy Inc. New 0.01% +0.01
PINS Pinterest Inc. Class A Add +66.2% 0.01% +0.00
SOUHY SOUTH32 - ADR New 0.00% +0.00
AMRC Ameresco Inc. Class A New 0.00% +0.00
EOG EOG Resources Inc. Add +10.5% 0.01% +0.00
UPS United Parcel Service Class B Add +1.3% 0.03% −0.00
SSUP Superior Industries Intl Add +10.7% 0.31% −0.01
F Ford Motor Co. Add +0.1% 0.03% −0.01
YELP Yelp Inc. Add +5.0% 0.54% −0.03
ARLP Alliance Resource Partners Add +0.6% 1.47% −0.04

Notes & Other Activity Q2 2024 → Q3 2024
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal Reduce -1.1% 1,725,000 $1.9M
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 Reduce -0.6% 47,438 $1.8M
MICROSTRATEGY INC (MSTR 0.75 12/15/25) NOTE 0.750%12/1 · principal Sold out 500,000 $1.7Mbefore exit
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal Sold out 1,750,000 $1.6Mbefore exit
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF Reduce -0.7% 29,060 $1.6M
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal Reduce -49.6% 1,525,161 $1.5M
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal Reduce -0.7% 1,520,000 $1.5M
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) NOTE 5.500% 2/0 · principal New 1,566,000 $1.5M
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal Reduce -0.4% 1,227,000 $1.2M
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) NOTE 3.875% 8/1 · principal New 1,051,000 $981K
PACWEST BANCORP (PACW V7.75 PERP A) PREF STK New 250 $6K
MCDBF McDermott Inter TR B -CW27 WARRANT New 72,441 $72
MCDTF McDermott Inter TR A -CW27 WARRANT New 65,197 $65

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 219$303.7MDIA, CAT, GS, TRGP, WMB
Q1 2026 210$280.5MDIA, GS, CAT, AM, WMB
Q4 2025 223$263.5MDIA, GS, FMCC, CAT, AAPL
Q3 2025 221$254.7MDIA, GS, FMCC, MSFT, AM
Q2 2025 199$240.0MDIA, GS, MSFT, AM, WMB
Q1 2025 204$226.6MDIA, OKE, AM, WMB, KNTK
Q4 2024 202$230.0MDIA, TRGP, OKE, KNTK, AAPL
Q3 2024 204$225.6MDIA, QCRH, UNH, TRGP, OKE
Q2 2024 202$214.0MDIA, MSFT, TRGP, UNH, OKE
Q1 2024 214$242.1MDIA, MSFT, QCRH, OKE, UNH