Pinnacle Holdings, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Pinnacle Holdings, LLC reported 202 stock positions worth $230.0 million. Its top holding was SS SPDR Dow Jones Indus Avg (DIA) at 4.8% of the portfolio, followed by Targa Resources (TRGP, 2.6%) and Oneok (OKE, 2.5%). Compared with Q3 2024, it opened 23 new positions, sold out of 25, added to 23 and reduced 111. The biggest buy was Nvidia (NVDA, shares +10262%) and the biggest sale QCR (QCRH, shares −97%).

Most Recent 13F
Q2 2026
Location
TULSA, OK
CIK
0001411784
Portfolio Value
$230.0M (Q4 2024)
SEC Filing
0001411784-25-000002 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $230.0M $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 202 stocks · $230.0M
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 4.77% 25,768 $11.0M Reduce -3.5%
TRGP Targa Resources Corp. 2.63% 33,860 $6.0M Reduce -8.3%
OKE Oneok Inc. 2.49% 57,011 $5.7M Reduce -1.9%
KNTK Kinetik Holdings Inc. 2.39% 96,809 $5.5M Reduce -2.7%
AAPL Apple Inc. 2.27% 20,808 $5.2M Add +36.2%
GS Goldman Sachs Group Inc. 2.18% 8,747 $5.0M Reduce -5.7%
MSFT Microsoft Corp. 2.10% 11,458 $4.8M Reduce -5.1%
UNH Unitedhealth Group Inc. 1.97% 8,954 $4.5M Reduce -6.0%
WMB Williams Cos Inc. 1.95% 82,843 $4.5M Reduce -0.2%
AM Antero Midstream Corp. 1.87% 285,090 $4.3M Reduce -1.1%
MPLX MPLX LP 1.68% 80,862 $3.9M Reduce -3.3%
NVDA Nvidia Corp. 1.68% 28,703 $3.9M Add +10262.1%
HD Home Depot Inc. 1.59% 9,394 $3.7M Reduce -5.7%
ET Energy Transfer LP 1.56% 183,356 $3.6M Reduce -4.3%
AMGN Amgen Inc. 1.47% 12,966 $3.4M Reduce -2.5%
ARLP Alliance Resource Partners 1.47% 128,296 $3.4M Reduce -3.3%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 1.43% 156,897 $3.3M Reduce -0.2%
CAT Caterpillar Inc. 1.41% 8,951 $3.2M Reduce -5.5%
HESM Hess Midstream LP Class A 1.37% 84,926 $3.1M Reduce -2.2%
NAVIOS MARITIME PARTNERS L P 1.24% 65,779 $2.8M Reduce -0.8%
MCD McDonald's Corp. 1.20% 9,526 $2.8M Reduce -6.7%
JPM JPMorgan Chase & Co. 1.20% 11,515 $2.8M Reduce -6.0%
CRM Salesforce Inc. 1.20% 8,229 $2.8M Reduce -2.6%
EPD Enterprise Products Partners 1.20% 87,666 $2.7M Reduce -3.9%
V Visa Inc. Class A 1.19% 8,652 $2.7M Reduce -7.5%
BHRB Burke & Herbert Financial SE 1.17% 43,292 $2.7M Reduce -0.2%
UNTC Unit Corp. 1.17% 89,213 $2.7M No change
SHW The Sherwin-Williams Co. 1.16% 7,840 $2.7M New
Homestreet Inc 1.12% 226,013 $2.6M Add +2.6%
WES Western Gas Equity Partners 1.11% 66,661 $2.6M Reduce -3.1%
AXP American Express Co. 1.10% 8,516 $2.5M Reduce -5.9%
GEL Genesis Energy L.P. 1.03% 234,890 $2.4M Add +2.4%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 1.02% 63,825 $2.3M Add +5.7%
AMZN Amazon.com Inc. 1.01% 10,554 $2.3M Reduce -6.3%
MOFG Midwestone Financial Group I 0.97% 76,988 $2.2M Reduce -1.4%
BHF Brighthouse Financial Inc. 0.97% 46,297 $2.2M Add +0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.96% 10,011 $2.2M Reduce -5.9%
ENLC Enlink Midstream LLC 0.95% 153,710 $2.2M Reduce -2.4%
HON Honeywell International Inc. 0.92% 9,330 $2.1M Reduce -3.5%
TRV The Travelers Cos Inc. 0.91% 8,693 $2.1M Reduce -5.6%
C Citigroup Inc. 0.89% 28,960 $2.0M Reduce -0.4%
FUNC First United Corp. 0.86% 58,976 $2.0M Reduce -0.4%
CVX Chevron Corp. 0.82% 13,070 $1.9M Reduce -2.7%
JBLU Jetblue Airways Corp. 0.80% 234,483 $1.8M Reduce -0.2%
PG The Procter & Gamble Co. 0.77% 10,596 $1.8M Reduce -7.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.74% 38,471 $1.7M Reduce -0.6%
NFE New Fortress Energy Inc. 0.72% 109,139 $1.7M Add +3.7%
BA The Boeing Co. 0.71% 9,269 $1.6M Reduce -5.2%
ASO Academy Sports & Outdoors Inc. 0.71% 28,340 $1.6M Reduce -1.7%
AGX Argan Inc. 0.70% 11,830 $1.6M Reduce -2.3%
JNJ Johnson & Johnson 0.70% 11,148 $1.6M Reduce -6.8%
JXN Jackson Financial Inc. Class A 0.69% 18,235 $1.6M No change
FBMS First Bancshares Inc. 0.65% 42,976 $1.5M Reduce -0.4%
CZWI Citizens Community Bancorp I 0.65% 91,347 $1.5M Reduce -0.2%
FMCC Freddie Mac filed as FEDERAL HOME LN MTG CORP 0.62% 437,406 $1.4M Reduce -1.5%
DKL Delek Logistics Partners LP 0.61% 33,470 $1.4M Reduce -2.2%
KMI Kinder Morgan Inc. 0.60% 50,658 $1.4M Reduce -0.9%
HWBK Hawthorn Bancshares Inc. 0.59% 47,764 $1.4M No change
NTGR Netgear Inc. 0.58% 47,958 $1.3M Reduce -2.8%
YELP Yelp Inc. 0.57% 33,951 $1.3M Reduce -1.7%
LZB La-Z-Boy Inc. 0.55% 28,899 $1.3M No change
CIVB Civista Bancshares Inc. 0.54% 59,030 $1.2M No change
ARCB Arcbest Corp. 0.54% 13,298 $1.2M Reduce -1.7%
EMXC iShares MSCI Emr MRK Ex Chna 0.54% 22,325 $1.2M New
ONB Old National Bancorp 0.54% 56,751 $1.2M No change
TALO Talos Energy Inc. 0.51% 120,885 $1.2M Reduce -0.4%
PEBO Peoples Bancorp Inc. 0.51% 36,975 $1.2M Reduce -0.3%
KE Kimball Electronics Inc. 0.50% 61,642 $1.2M Reduce -1.8%
ESSA Essa Bancorp Inc. 0.50% 58,656 $1.1M No change
ORRF Orrstown Finl Services Inc. 0.50% 31,230 $1.1M Reduce -0.4%
FCCO First Community Corp. 0.49% 46,850 $1.1M No change
MMM 3M Co. 0.48% 8,621 $1.1M Reduce -5.7%
Palantir Technologies 0.48% 14,625 $1.1M Add +3.0%
CC The Chemours Co. 0.48% 64,750 $1.1M New
PEBK Peoples Bancorp of NC 0.47% 34,889 $1.1M No change
WMT Walmart Inc. 0.47% 12,041 $1.1M Reduce -7.1%
MRK Merck & Co. Inc. 0.45% 10,488 $1.0M Reduce -9.0%
TBCH Turtle Beach Corp. 0.45% 59,981 $1.0M No change
PKBK Parke Bancorp Inc. 0.45% 49,941 $1.0M Reduce -0.5%
CLF Cleveland-Cliffs Inc. 0.43% 104,420 $982K Add +6.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.41% 8,555 $953K Reduce -7.5%
ALRS Alerus Financial Corp. 0.41% 48,999 $943K New
OCFC Oceanfirst Financial Corp. 0.40% 51,240 $927K Reduce -0.4%
WLKP Westlake Chemical Partners L 0.40% 39,317 $910K Reduce -2.4%
PFBX Peoples Financial Corp. 0.39% 48,476 $902K No change
EGY Vaalco Energy Inc. 0.39% 205,117 $896K No change
UIS Unisys Corp. 0.38% 138,874 $879K Reduce -4.2%
MESA AIR GROUP INC 0.38% 757,125 $878K Add +10.8%
HOPE Hope Bancorp Inc. 0.38% 70,780 $870K Reduce -0.2%
CUBI Customers Bancorp Inc. 0.37% 17,405 $847K Reduce -0.3%
XPRO Expro Group Holdings NV 0.36% 67,279 $839K Reduce -2.2%
PAMT Pamt Corp. 0.36% 50,563 $828K Reduce -0.6%
EB Eventbrite Inc. Class A 0.36% 243,598 $818K Reduce -0.9%
HTZ Hertz Global Hldgs Inc. 0.35% 222,076 $813K Reduce -0.9%
FLG Flagstar Bank NA 0.35% 86,860 $810K New
FRST Primis Financial Corp. 0.35% 68,216 $795K Reduce -0.3%
LGIH Lgi Homes Inc. 0.33% 8,571 $766K Reduce -2.8%
CSCO Cisco Systems Inc. 0.33% 12,713 $753K Reduce -6.9%
ZION Zions Bancorp NA 0.31% 13,244 $718K No change
UBOH United Bancshares Inc. 0.31% 22,802 $707K No change
FUSB First US Bancshares Inc. 0.31% 55,806 $703K Reduce -0.4%
BANC Banc of California Inc. 0.30% 44,062 $681K Add +80.7%
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.29% 36,994 $658K Reduce -6.5%
VTLE Vital Energy Inc. 0.28% 21,138 $654K Reduce -0.8%
SLYV SS SPDR S&P 600 SC Val ETF 0.28% 7,471 $652K Reduce -1.1%
KO The Coca-Cola Co. 0.28% 10,393 $647K Reduce -1.8%
NKE Nike Inc. Class B 0.28% 8,508 $644K Reduce -5.6%
TFC Truist Financial Corp. 0.26% 13,520 $586K No change
Nextera Energy 0.23% 7,481 $536K New
CFG Citizens Financial Group 0.22% 11,657 $510K Reduce -1.1%
ORCL Oracle Corp. 0.22% 2,991 $498K Reduce -9.4%
FITB Fifth Third Bancorp 0.21% 11,625 $492K No change
SSUP Superior Industries Intl 0.20% 229,483 $468K Reduce -0.8%
VZ Verizon Communications Inc. 0.20% 11,581 $463K Reduce -12.1%
BG Bunge Ltd. filed as BUNGE GLOBAL ORD 0.20% 5,940 $462K Reduce -0.5%
XOM Exxon Mobil Corp. 0.20% 4,212 $453K Reduce -14.4%
DB Deutsche Bank AG-Registered 0.18% 24,900 $425K No change
CWBC Community West Bancshares 0.18% 21,906 $424K No change
SFBC Sound Financial Bancorp Inc. 0.18% 7,709 $406K No change
EBMT Eagle Bancorp Montana Inc. 0.17% 25,814 $396K Reduce -0.5%
THFF First Financial Corp. 0.16% 8,190 $378K No change
FNMA Fannie Mae 0.16% 112,988 $371K Add +9.7%
SBT Sterling Bancorp Inc. 0.16% 75,054 $357K Reduce -0.6%
HWC Hancock Whitney Corp. 0.15% 6,232 $341K No change
AAL American Airlines Group Inc. 0.13% 16,546 $288K No change
CHX Championx Corp. 0.12% 10,200 $277K New
NOBL Proshares S&P 500 Dividend A 0.11% 2,622 $261K Add +0.0%
MA Mastercard Inc. Class A 0.10% 431 $227K Reduce -12.2%
PFS Provident Financial Services 0.09% 11,563 $218K No change
TIP iShares Tips Bond ETF 0.08% 1,830 $195K Reduce -0.6%
WFC Wells Fargo & Co. 0.08% 2,610 $183K Reduce -18.7%
QCRH QCR Holdings Inc. 0.08% 2,222 $179K Reduce -97.1%
CVBF CVB Financial Corp. 0.07% 7,803 $167K No change
AMR Alpha Metallurgical Resource 0.06% 734 $147K Reduce -1.3%
COP Conocophillips 0.06% 1,439 $143K Reduce -6.4%
GEV GE Vernova Inc. 0.06% 424 $139K New
ICVT iShares Convertible Bond ETF 0.06% 1,515 $129K New
CTRA Coterra Energy Inc. 0.05% 4,818 $123K New
INTC Intel Corp. 0.05% 5,294 $106K Reduce -63.1%
FNB FNB Corp. 0.05% 7,068 $104K No change
TSM Taiwan Semiconductor-SP ADR 0.04% 509 $101K Add +1.8%
DVN Devon Energy Corp. 0.04% 3,052 $100K Reduce -7.0%
PAA Plains All Amer Pipeline LP 0.04% 5,560 $95K Reduce -0.9%
PAGP Plains GP Holdings LP 0.04% 4,767 $88K Add +7.1%
DOW Dow Inc. 0.04% 2,084 $84K Reduce -81.4%
DAC Danaos Corp. 0.04% 1,011 $81K No change
GSL Global Ship Lease Inc. Class A 0.03% 3,359 $73K Add +88.8%
FINV Finvolution Group-ADR 0.03% 10,617 $72K Reduce -1.2%
TEEKAY CORPORATION 0.03% 10,028 $69K Add +100.0%
JETS US Global Jets ETF 0.03% 2,713 $69K New
T AT&T Inc. 0.03% 2,972 $68K Reduce -2.3%
F Ford Motor Co. filed as FORD MTR CO 0.03% 6,724 $67K Add +0.1%
MOMO Hello Group Inc. -SPN ADR 0.03% 8,376 $65K Reduce -0.9%
GASS Stealthgas Inc. 0.03% 11,248 $64K No change
SFM Sprouts Farmers Market Inc. 0.03% 500 $64K Reduce -22.5%
TNK Teekay Tankers Ltd. Class A 0.03% 1,510 $60K Add +100.0%
M Macy's Inc. 0.03% 3,500 $59K Add +2.9%
SD Sandridge Energy Inc. 0.02% 4,640 $54K Reduce -35.0%
CEG Constellation Energy Group 0.02% 239 $53K New
RYAM Rayonier Advanced Materials 0.02% 6,399 $53K Reduce -2.2%
AZN Astrazeneca PLC-Spons ADR 0.02% 800 $52K No change
McDermott International 0.02% 409,693 $49K Add +5.6%
AGRO Adecoagro SA 0.02% 5,205 $49K No change
HNRG Hallador Energy Co. 0.02% 4,165 $48K Reduce -1.8%
GEHC GE Healthcare Technology 0.02% 604 $47K New
BFH Bread Financial Holdings Inc. 0.02% 750 $46K New
IRDM Iridium Communications Inc. 0.02% 1,528 $44K Add +45.4%
UBER Uber Technologies Inc. 0.02% 731 $44K Reduce -3.0%
GNK Genco Shipping & Trading Ltd. 0.02% 3,100 $43K Add +3.3%
PDM Piedmont Realty Trust Inc. 0.02% 4,718 $43K Reduce -1.4%
BDN Brandywine Realty Trust 0.02% 7,638 $43K Reduce -1.5%
BCS Barclays PLC-Spons ADR 0.02% 3,083 $41K Reduce -1.3%
CMRE Costamare Inc. 0.02% 3,170 $41K No change
CALF PCR US SM CP CSH CWS ETF-Usd 0.02% 898 $40K No change
SPHR Sphere Entertainment Co. 0.02% 972 $39K Reduce -1.2%
EXE Expand Energy Corp. 0.02% 392 $39K New
Shenandoah Telecommunications 0.02% 3,020 $38K No change
OKTA Okta Inc. 0.02% 450 $35K New
AER Aercap Holdings NV 0.02% 363 $35K No change
RTX RTX Corp. 0.01% 298 $34K New
EQT Eqt Corp. 0.01% 700 $32K Reduce -15.1%
UNIT Uniti Group LLC Com SHS 0.01% 5,800 $32K Reduce -7.9%
MTH Meritage Homes Corp. 0.01% 200 $31K New
VET Vermilion Energy Inc. 0.01% 3,053 $29K No change
PINS Pinterest Inc. Class A 0.01% 986 $29K Reduce -2.6%
BOKF Bok Financial Corporation 0.01% 260 $28K No change
KTOS Kratos Defense & Security 0.01% 1,000 $26K No change
FICO Fair Isaac Corp. 0.01% 13 $26K New
CVGI Commercial Vehicle Group Inc. 0.01% 10,297 $26K New
TOL Toll Brothers Inc. 0.01% 200 $25K No change
EOG EOG Resources Inc. 0.01% 200 $25K Reduce -13.8%
DHI D.R. Horton Inc. 0.01% 150 $21K No change
INSW International Seaways Inc. 0.01% 576 $21K No change
B Barrick Gold Corp. 0.01% 1,239 $19K No change
COLB Columbia Banking System Inc. 0.01% 592 $16K No change
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.01% 540 $15K No change
IPG Interpublic Group of Cos Inc. 0.01% 462 $13K New
EZPW Ezcorp Inc. Class A 0.01% 1,000 $12K No change
EAF Graftech International Ltd. 0.00% 6,225 $11K No change
PSMT Pricesmart Inc. 0.00% 100 $9K New
SSRM SSR Mining Inc. 0.00% 630 $4K New
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 0.00% 186 $2K No change
Other holdings (36): bonds, preferreds, convertibles and warrants · $35.0M (not counted above)
SecurityClassShares / PrincipalValueChange
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 2,715,000$2.5MReduce -0.7%
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal 2,530,000$2.4MNew
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 49,592$2.0MAdd +4.5%
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal 1,715,000$1.9MReduce -0.6%
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal 1,635,000$1.9MReduce -0.9%
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal 1,765,000$1.8MReduce -1.6%
VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) NOTE 2.250% 6/1 · principal 1,805,000$1.8MNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 1,750,000$1.7MNew
FREDDIE MAC (FMCC 6.55 PERP Y) PREF STK 179,580$1.7MNo change
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF 29,060$1.6MNo change
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) NOTE 5.500% 2/0 · principal 1,497,000$1.5MReduce -4.4%
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal 1,485,000$1.5MReduce -2.3%
BANC OF CALIFORNIA INC (BANC V7.75 PERP F) NON 13F SECURITY 54,734$1.3MAdd +0.5%
EZCORP INC (EZPW 2.375 05/01/25) NOTE 2.375% 5/0 · principal 1,301,000$1.3MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,031$1.3MNo change
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 1,220,000$1.2MNo change
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal 750,000$1.2MNo change
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 1,207,000$1.1MReduce -1.6%
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) NOTE 3.875% 8/1 · principal 997,000$986KReduce -5.1%
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 750,000$930KNo change
COUPA SOFTWARE INC (COUP 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$487KNo change
FIVE9 INC (FIVN 0.5 06/01/25) NOTE 0.500% 6/0 · principal 500,000$485KNo change
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 500,000$478KNo change
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 500,000$469KNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$464KNo change
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 500,000$443KNo change
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 100,775$217KNo change
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock 6,000$72KNo change
UNTCW Unit Corp.-CW27 WARRANT 142,869$70KAdd +3.7%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 50,000$59KNo change
JACKSON FINANCIAL INC (JXN V8 PERP) PFD 2,200$58KReduce -26.7%
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 286$25KNew
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal 19,250$19KReduce -98.7%
Chesapeake Energy Corp. - Future Pmt CONV BOND · principal 2,553,000$8KNew
MCDBF McDermott Inter TR B -CW27 WARRANT 72,441$724No change
MCDTF McDermott Inter TR A -CW27 WARRANT 65,197$652No change

Total filed on the 13F, all lines: $264.9M.

Portfolio Sells Q3 2024 → Q4 2024
QCRH QCR Holdings Inc. Reduce -97.1% 0.08% −2.42
NAVIOS MARITIME PARTNERS L P Reduce -0.8% 1.24% −0.60
UNH Unitedhealth Group Inc. Reduce -6.0% 1.97% −0.50
HMNF HMN Financial Inc. Sold out 0.00% −0.48
AMGN Amgen Inc. Reduce -2.5% 1.47% −0.43
AJG Arthur J Gallagher & Co. Sold out 0.00% −0.32
DIA SS SPDR Dow Jones Indus Avg Reduce -3.5% 4.77% −0.24
DOW Dow Inc. Reduce -81.4% 0.04% −0.24
CAT Caterpillar Inc. Reduce -5.5% 1.41% −0.23
FLG New York Community Bancorp Sold out 0.00% −0.21
MSFT Microsoft Corp. Reduce -5.1% 2.10% −0.20
HD Home Depot Inc. Reduce -5.7% 1.59% −0.20
XIFR XPLR Infrastructure LP Reduce -6.5% 0.29% −0.20
MCD McDonald's Corp. Reduce -6.7% 1.20% −0.18
XPRO Expro Group Holdings NV Reduce -2.2% 0.36% −0.16
JNJ Johnson & Johnson Reduce -6.8% 0.70% −0.16
GE General Electric Company Sold out 0.00% −0.15
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.14
LGIH Lgi Homes Inc. Reduce -2.8% 0.33% −0.13
MRK Merck & Co. Inc. Reduce -9.0% 0.45% −0.13
ARCB Arcbest Corp. Reduce -1.7% 0.54% −0.11
PG The Procter & Gamble Co. Reduce -7.7% 0.77% −0.11
SSUP Superior Industries Intl Reduce -0.8% 0.20% −0.11
INTC Intel Corp. Reduce -63.1% 0.05% −0.10
IBM Intl Business Machines Corp. Reduce -5.9% 0.96% −0.09
HGTXU Hugoton Royalty Trust Sold out 0.00% −0.08
PFE Pfizer Inc. Sold out 0.00% −0.08
NKE Nike Inc. Class B Reduce -5.6% 0.28% −0.07
LMT Lockheed Martin Corp. Sold out 0.00% −0.07
MMM 3M Co. Reduce -5.7% 0.48% −0.07
ENLC Enlink Midstream LLC Reduce -2.4% 0.95% −0.07
VZ Verizon Communications Inc. Reduce -12.1% 0.20% −0.06
XOM Exxon Mobil Corp. Reduce -14.4% 0.20% −0.06
PAMT Pamt Corp. Reduce -0.6% 0.36% −0.06
KO The Coca-Cola Co. Reduce -1.8% 0.28% −0.06
BG Bunge Ltd. Reduce -0.5% 0.20% −0.06
CVX Chevron Corp. Reduce -2.7% 0.82% −0.05
AM Antero Midstream Corp. Reduce -1.1% 1.87% −0.05
WES Western Gas Equity Partners Reduce -3.1% 1.11% −0.05
AVGO Broadcom Inc. Sold out 0.00% −0.05
LLY Eli Lilly & Co. Sold out 0.00% −0.05
META Meta Platforms Inc. Class A Sold out 0.00% −0.05
DKL Delek Logistics Partners LP Reduce -2.2% 0.61% −0.05
TALO Talos Energy Inc. Reduce -0.4% 0.51% −0.05
TRV The Travelers Cos Inc. Reduce -5.6% 0.91% −0.05
RSG Republic Services Inc. Sold out 0.00% −0.04
ASO Academy Sports & Outdoors Inc. Reduce -1.7% 0.71% −0.04
ORCL Oracle Corp. Reduce -9.4% 0.22% −0.03
UPS United Parcel Service Class B Sold out 0.00% −0.03
FRST Primis Financial Corp. Reduce -0.3% 0.35% −0.02

Portfolio Buys Q3 2024 → Q4 2024
NVDA Nvidia Corp. Add +10262.1% 1.68% +1.66
SHW The Sherwin-Williams Co. New 1.16% +1.16
AAPL Apple Inc. Add +36.2% 2.27% +0.68
EMXC iShares MSCI Emr MRK Ex Chna New 0.54% +0.54
CC The Chemours Co. New 0.48% +0.48
ALRS Alerus Financial Corp. New 0.41% +0.41
FLG Flagstar Bank NA New 0.35% +0.35
NFE New Fortress Energy Inc. Add +3.7% 0.72% +0.29
Palantir Technologies Add +3.0% 0.48% +0.25
Nextera Energy New 0.23% +0.23
BANC Banc of California Inc. Add +80.7% 0.30% +0.14
CHX Championx Corp. New 0.12% +0.12
FNMA Fannie Mae Add +9.7% 0.16% +0.11
GEV GE Vernova Inc. New 0.06% +0.06
ICVT iShares Convertible Bond ETF New 0.06% +0.06
CTRA Coterra Energy Inc. New 0.05% +0.05
BHF Brighthouse Financial Inc. Add +0.4% 0.97% +0.05
JETS US Global Jets ETF New 0.03% +0.03
CEG Constellation Energy Group New 0.02% +0.02
GEHC GE Healthcare Technology New 0.02% +0.02
BFH Bread Financial Holdings Inc. New 0.02% +0.02
EXE Expand Energy Corp. New 0.02% +0.02
OKTA Okta Inc. New 0.02% +0.02
MESA AIR GROUP INC Add +10.8% 0.38% +0.02
RTX RTX Corp. New 0.01% +0.01
MTH Meritage Homes Corp. New 0.01% +0.01
FICO Fair Isaac Corp. New 0.01% +0.01
CVGI Commercial Vehicle Group Inc. New 0.01% +0.01
GSL Global Ship Lease Inc. Class A Add +88.8% 0.03% +0.01
TEEKAY CORPORATION Add +100.0% 0.03% +0.01
TNK Teekay Tankers Ltd. Class A Add +100.0% 0.03% +0.01
IPG Interpublic Group of Cos Inc. New 0.01% +0.01
TSM Taiwan Semiconductor-SP ADR Add +1.8% 0.04% +0.01
IRDM Iridium Communications Inc. Add +45.4% 0.02% +0.01
PSMT Pricesmart Inc. New 0.00% +0.00
M Macy's Inc. Add +2.9% 0.03% +0.00
SSRM SSR Mining Inc. New 0.00% +0.00
PAGP Plains GP Holdings LP Add +7.1% 0.04% +0.00
F Ford Motor Co. Add +0.1% 0.03% −0.00
GNK Genco Shipping & Trading Ltd. Add +3.3% 0.02% −0.01
NOBL Proshares S&P 500 Dividend A Add +0.0% 0.11% −0.01
McDermott International Add +5.6% 0.02% −0.02
NMIH Nmi Holdings Inc. Add +5.7% 1.02% −0.08
CLF Cleveland-Cliffs Inc. Add +6.3% 0.43% −0.13
GEL Genesis Energy L.P. Add +2.4% 1.03% −0.33
Homestreet Inc Add +2.6% 1.12% −0.42

Notes & Other Activity Q3 2024 → Q4 2024
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal Reduce -0.7% 2,715,000 $2.5M
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal New 2,530,000 $2.4M
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 Add +4.5% 49,592 $2.0M
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal Reduce -0.6% 1,715,000 $1.9M
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal Reduce -0.9% 1,635,000 $1.9M
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal Reduce -1.6% 1,765,000 $1.8M
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal New 1,750,000 $1.7M
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) NOTE 5.500% 2/0 · principal Reduce -4.4% 1,497,000 $1.5M
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal Reduce -2.3% 1,485,000 $1.5M
BANC OF CALIFORNIA INC (BANC V7.75 PERP F) NON 13F SECURITY Add +0.5% 54,734 $1.3M
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal Reduce -1.6% 1,207,000 $1.1M
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) NOTE 3.875% 8/1 · principal Reduce -5.1% 997,000 $986K
UNTCW Unit Corp.-CW27 WARRANT Add +3.7% 142,869 $70K
JACKSON FINANCIAL INC (JXN V8 PERP) PFD Reduce -26.7% 2,200 $58K
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 New 286 $25K
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal Reduce -98.7% 19,250 $19K
Chesapeake Energy Corp. - Future Pmt CONV BOND · principal New 2,553,000 $8K
PACWEST BANCORP (PACW V7.75 PERP A) PREF STK Sold out 250 $6Kbefore exit

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