Pinnacle Holdings, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Pinnacle Holdings, LLC reported 199 stock positions worth $240.0 million. Its top holding was SS SPDR Dow Jones Indus Avg (DIA) at 4.7% of the portfolio, followed by Goldman Sachs (GS, 2.7%) and Microsoft (MSFT, 2.3%). Compared with Q1 2025, it opened 23 new positions, sold out of 28, added to 82 and reduced 26. The biggest buy was Freddie Mac (FMCC, shares +29%) and the biggest sale an exit from First Bancshares (FBMS).

Most Recent 13F
Q2 2026
Location
TULSA, OK
CIK
0001411784
Portfolio Value
$240.0M (Q2 2025)
SEC Filing
0001411784-25-000006 ↗ filed Aug 7, 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 Q4 2024 Q1 2025: $226.6M Q1 2025 Q2 2025: $240.0M $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 199 stocks · $240.0M
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 4.69% 25,565 $11.3M Add +3.8%
GS Goldman Sachs Group Inc. 2.70% 9,152 $6.5M Add +9.7%
MSFT Microsoft Corp. 2.27% 10,962 $5.5M Add +1.2%
AM Antero Midstream Corp. 2.22% 281,471 $5.3M Reduce -0.4%
WMB Williams Cos Inc. 2.10% 80,154 $5.0M Reduce -1.7%
OKE Oneok Inc. 1.96% 57,778 $4.7M Add +1.1%
FMCC Freddie Mac filed as FEDERAL HOME LN MTG CORP 1.96% 571,192 $4.7M Add +29.4%
MPLX MPLX LP 1.75% 81,346 $4.2M Add +1.0%
GEL Genesis Energy L.P. 1.72% 239,195 $4.1M Add +1.1%
AAPL Apple Inc. 1.70% 19,845 $4.1M Add +10.3%
KNTK Kinetik Holdings Inc. 1.67% 91,257 $4.0M Add +2.5%
TRGP Targa Resources Corp. 1.65% 22,781 $4.0M Reduce -0.2%
AMGN Amgen Inc. 1.55% 13,331 $3.7M Add +6.1%
CAT Caterpillar Inc. 1.50% 9,288 $3.6M Add +8.8%
HD Home Depot Inc. 1.49% 9,742 $3.6M Add +8.4%
ARLP Alliance Resource Partners 1.40% 128,955 $3.4M Add +0.6%
JPM JPMorgan Chase & Co. 1.40% 11,626 $3.4M Add +5.5%
ET Energy Transfer LP 1.39% 184,346 $3.3M Add +1.5%
HESM Hess Midstream LP Class A 1.38% 86,017 $3.3M Add +2.4%
V Visa Inc. Class A 1.32% 8,922 $3.2M Add +8.6%
PAGP Plains GP Holdings LP 1.30% 160,120 $3.1M Add +2.0%
Homestreet Inc 1.26% 231,109 $3.0M Add +0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.25% 10,199 $3.0M Add +6.3%
SHW The Sherwin-Williams Co. 1.25% 8,749 $3.0M Add +8.5%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 1.25% 156,909 $3.0M Add +0.0%
UNH Unitedhealth Group Inc. 1.21% 9,279 $2.9M Add +8.9%
MCD McDonald's Corp. 1.20% 9,818 $2.9M Add +7.8%
AXP American Express Co. 1.18% 8,893 $2.8M Add +9.3%
EPD Enterprise Products Partners 1.16% 89,523 $2.8M Add +2.4%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 1.13% 64,322 $2.7M Add +0.7%
WES Western Gas Equity Partners 1.08% 67,201 $2.6M Add +1.0%
AGX Argan Inc. 1.08% 11,781 $2.6M Add +0.4%
BHRB Burke & Herbert Financial SE 1.08% 43,349 $2.6M Add +0.0%
BHF Brighthouse Financial Inc. 1.05% 46,915 $2.5M Add +2.2%
NAVIOS MARITIME PARTNERS L P 1.04% 66,472 $2.5M Add +0.6%
C Citigroup Inc. 1.03% 28,932 $2.5M Reduce -0.1%
TRV The Travelers Cos Inc. 1.01% 9,079 $2.4M Add +9.2%
NVDA Nvidia Corp. 1.01% 15,299 $2.4M Reduce -45.0%
CRM Salesforce Inc. 0.98% 8,615 $2.3M Add +10.3%
AMZN Amazon.com Inc. 0.97% 10,640 $2.3M Add +4.4%
Palantir Technologies 0.94% 16,598 $2.3M Add +7.4%
HON Honeywell International Inc. 0.93% 9,558 $2.2M Add +7.3%
ETC SUNOCO HOLDINGS LLC filed as SUNOCO INC 0.93% 41,450 $2.2M No change
MOFG Midwestone Financial Group I 0.92% 76,828 $2.2M Add +0.3%
BA The Boeing Co. 0.84% 9,659 $2.0M Add +8.6%
CVX Chevron Corp. 0.79% 13,173 $1.9M Add +4.8%
FUNC First United Corp. 0.76% 58,976 $1.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.76% 38,448 $1.8M Reduce -0.1%
CBRL Cracker Barrel Old Country 0.71% 28,094 $1.7M Add +0.3%
JNJ Johnson & Johnson 0.71% 11,160 $1.7M Add +3.9%
PG The Procter & Gamble Co. 0.71% 10,649 $1.7M Add +4.7%
JXN Jackson Financial Inc. Class A 0.67% 18,235 $1.6M No change
PUBM Pubmatic Inc. Class A 0.67% 128,825 $1.6M Add +13.3%
HTZ Hertz Global Hldgs Inc. 0.66% 230,971 $1.6M Add +0.9%
RNST Renasant Corp. 0.64% 42,976 $1.5M New
KMI Kinder Morgan Inc. 0.62% 50,379 $1.5M Reduce -0.2%
EMXC iShares MSCI Emr MRK Ex Chna 0.60% 22,875 $1.4M New
DKL Delek Logistics Partners LP 0.60% 33,350 $1.4M Reduce -0.4%
NTGR Netgear Inc. 0.58% 48,031 $1.4M Add +1.0%
HWBK Hawthorn Bancshares Inc. 0.58% 47,764 $1.4M No change
CIVB Civista Bancshares Inc. 0.57% 59,030 $1.4M No change
MMM 3M Co. 0.57% 8,989 $1.4M Add +9.1%
ASO Academy Sports & Outdoors Inc. 0.55% 29,414 $1.3M Add +4.9%
KE Kimball Electronics Inc. 0.54% 67,546 $1.3M Add +2.1%
CZWI Citizens Community Bancorp I 0.53% 91,347 $1.3M No change
LZB La-Z-Boy Inc. 0.51% 33,176 $1.2M Add +15.8%
YELP Yelp Inc. 0.51% 35,425 $1.2M Add +2.2%
ONB Old National Bancorp 0.50% 56,751 $1.2M No change
WMT Walmart Inc. 0.50% 12,173 $1.2M Add +4.5%
MESA AIR GROUP INC 0.48% 1,235,258 $1.1M Add +50.5%
FCCO First Community Corp. 0.47% 46,702 $1.1M Reduce -0.3%
ESSA Essa Bancorp Inc. 0.47% 58,656 $1.1M No change
PEBO Peoples Bancorp Inc. 0.47% 36,977 $1.1M Add +0.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.46% 8,954 $1.1M Add +9.8%
ARCB Arcbest Corp. 0.45% 14,141 $1.1M Add +2.9%
FNMA Fannie Mae 0.45% 113,388 $1.1M No change
TALO Talos Energy Inc. 0.44% 125,895 $1.1M Add +1.2%
ALRS Alerus Financial Corp. 0.44% 48,999 $1.1M No change
JBLU Jetblue Airways Corp. 0.43% 242,466 $1.0M Add +2.0%
CUBI Customers Bancorp Inc. 0.43% 17,405 $1.0M No change
PKBK Parke Bancorp Inc. 0.42% 49,941 $1.0M No change
PEBK Peoples Bancorp of NC 0.42% 34,889 $1.0M No change
ORRF Orrstown Finl Services Inc. 0.41% 31,230 $994K No change
PFBX Peoples Financial Corp. 0.40% 48,476 $970K No change
FLG Flagstar Bank NA 0.39% 88,245 $935K No change
OCFC Oceanfirst Financial Corp. 0.38% 51,240 $902K No change
TBCH Turtle Beach Corp. 0.38% 65,155 $901K Add +10.0%
WLKP Westlake Chemical Partners L 0.36% 39,167 $865K Reduce -0.4%
CC The Chemours Co. 0.36% 74,995 $859K Add +6.0%
CLF Cleveland-Cliffs Inc. 0.35% 109,728 $834K Add +3.7%
MRK Merck & Co. Inc. 0.35% 10,534 $834K Add +6.4%
BANC Banc of California Inc. 0.34% 58,912 $828K No change
CSCO Cisco Systems Inc. 0.33% 11,548 $801K Reduce -1.3%
HOPE Hope Bancorp Inc. 0.32% 70,780 $759K No change
FRST Primis Financial Corp. 0.31% 68,216 $740K No change
EGY Vaalco Energy Inc. 0.31% 204,967 $740K Reduce -0.1%
DB Deutsche Bank AG-Registered 0.30% 24,900 $729K No change
PAMT Pamt Corp. 0.30% 56,275 $724K Add +4.2%
FUSB First US Bancshares Inc. 0.30% 55,806 $720K No change
EB Eventbrite Inc. Class A 0.30% 270,958 $713K Add +12.4%
UIS Unisys Corp. 0.30% 156,489 $709K Add +4.9%
KO The Coca-Cola Co. 0.29% 9,790 $693K Add +5.8%
ZION Zions Bancorp NA 0.29% 13,244 $688K No change
KRNY Kearny Financial Corp. 0.27% 101,080 $653K Add +1.9%
SLYV SS SPDR S&P 600 SC Val ETF 0.27% 8,072 $644K Reduce -5.0%
NOBL Proshares S&P 500 Dividend A 0.27% 6,360 $640K Add +56.0%
NKE Nike Inc. Class B 0.26% 8,894 $632K Add +9.8%
XPRO Expro Group Holdings NV 0.26% 73,170 $629K Add +4.8%
UBOH United Bancshares Inc. 0.26% 22,302 $619K Reduce -2.2%
ORCL Oracle Corp. 0.24% 2,667 $583K Reduce -4.0%
TFC Truist Financial Corp. 0.24% 13,520 $581K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 904 $559K New
LGIH Lgi Homes Inc. 0.23% 10,763 $555K Add +5.6%
CFG Citizens Financial Group 0.22% 11,657 $522K No change
VZ Verizon Communications Inc. 0.20% 11,326 $490K Add +4.8%
FITB Fifth Third Bancorp 0.20% 11,625 $478K No change
XOM Exxon Mobil Corp. 0.19% 4,319 $466K Add +2.5%
BG Bunge Ltd. filed as BUNGE GLOBAL SA F 0.19% 5,780 $464K Reduce -0.6%
THFF First Financial Corp. 0.18% 8,190 $444K No change
EBMT Eagle Bancorp Montana Inc. 0.18% 25,814 $430K No change
CWBC Community West Bancshares 0.18% 21,906 $427K No change
CVBF CVB Financial Corp. 0.16% 19,803 $392K Add +153.8%
GE General Electric Company 0.16% 1,501 $386K Reduce -10.7%
VTLE Vital Energy Inc. 0.16% 23,817 $383K Add +5.5%
NFE New Fortress Energy Inc. 0.15% 111,669 $371K Add +2.3%
FNWB First Northwest Bancorp 0.15% 47,000 $362K New
HWC Hancock Whitney Corp. 0.15% 6,232 $358K No change
SFBC Sound Financial Bancorp Inc. 0.15% 7,709 $355K No change
XIFR XPLR Infrastructure LP 0.13% 37,886 $311K Add +0.5%
MA Mastercard Inc. Class A 0.09% 400 $225K New
TIP iShares Tips Bond ETF 0.09% 2,009 $221K Reduce -5.2%
QQQ Invesco QQQ Trust Series 1 0.09% 612 $220K Add +148.8%
WFC Wells Fargo & Co. 0.09% 2,572 $206K No change
PFS Provident Financial Services 0.08% 11,563 $203K No change
AAL American Airlines Group Inc. 0.08% 16,546 $186K No change
GEV GE Vernova Inc. 0.07% 329 $174K Reduce -22.4%
QCRH QCR Holdings Inc. 0.06% 2,222 $151K No change
HGTXU Hugoton Royalty Trust 0.06% 376,694 $151K No change
CTRA Coterra Energy Inc. 0.05% 4,786 $121K New
INTC Intel Corp. 0.05% 5,277 $118K No change
TSM Taiwan Semiconductor-SP ADR 0.05% 519 $118K Add +2.0%
FNB FNB Corp. 0.04% 7,068 $103K No change
PAA Plains All Amer Pipeline LP 0.04% 5,560 $102K No change
FINV Finvolution Group-ADR 0.04% 10,617 $101K No change
DVN Devon Energy Corp. 0.04% 3,021 $96K Reduce -1.0%
KTOS Kratos Defense & Security 0.04% 2,000 $93K No change
HNRG Hallador Energy Co. 0.04% 5,538 $88K No change
T AT&T Inc. 0.04% 2,972 $86K New
AMR Alpha Metallurgical Resource 0.03% 734 $83K No change
SFM Sprouts Farmers Market Inc. 0.03% 500 $82K No change
TEEKAY CORPORATION 0.03% 9,827 $81K No change
BKNG Booking Holdings Inc. 0.03% 13 $75K New
RSG Republic Services Inc. 0.03% 305 $75K New
SCHG Schwab US Large-Cap Growth 0.03% 2,542 $74K New
M Macy's Inc. 0.03% 6,199 $72K Add +77.1%
MOMO Hello Group Inc. -SPN ADR 0.03% 8,376 $71K No change
GASS Stealthgas Inc. 0.03% 10,774 $69K No change
GSL Global Ship Lease Inc. Class A 0.03% 2,559 $67K Reduce -23.8%
TNK Teekay Tankers Ltd. Class A 0.03% 1,484 $62K No change
AZN Astrazeneca PLC-Spons ADR 0.02% 800 $56K No change
DAC Danaos Corp. 0.02% 645 $56K Reduce -36.2%
DOW Dow Inc. 0.02% 2,084 $55K New
UBER Uber Technologies Inc. 0.02% 580 $54K Reduce -20.7%
McDermott International 0.02% 4,796 $53K No change
XLV SS Health Care Select Sector 0.02% 379 $51K New
SD Sandridge Energy Inc. 0.02% 4,640 $50K No change
GM General Motors Co. 0.02% 995 $49K Add +148.8%
AGRO Adecoagro SA 0.02% 5,198 $48K No change
EXE Expand Energy Corp. 0.02% 392 $46K No change
UPS United Parcel Service Class B 0.02% 445 $45K New
CGAU Centerra Gold Inc. 0.02% 6,124 $44K No change
Shenandoah Telecommunications 0.02% 3,020 $41K No change
SPHR Sphere Entertainment Co. 0.02% 972 $41K No change
GNK Genco Shipping & Trading Ltd. 0.02% 3,100 $41K No change
UPWK Upwork Inc. 0.02% 2,874 $39K New
GEHC GE Healthcare Technology 0.02% 521 $39K Reduce -10.3%
MSI Motorola Solutions Inc. 0.02% 91 $38K New
XLE SS Energy Select Sector 0.02% 432 $37K New
PINS Pinterest Inc. Class A 0.01% 998 $36K Add +1.2%
CALF PCR US SM CP CSH CWS ETF-Usd 0.01% 898 $36K No change
TS Tenaris SA-ADR 0.01% 830 $31K New
STNG Scorpio Tankers Inc. 0.01% 694 $27K No change
ASC Ardmore Shipping Corp. 0.01% 2,752 $26K No change
NOG Northern Oil and Gas Inc. 0.01% 929 $26K No change
DIREXION SHS ETF TR 0.01% 657 $26K New
BOKF Bok Financial Corporation 0.01% 260 $25K New
UNIT Uniti Group LLC Com SHS 0.01% 5,800 $25K No change
RNGR Ranger Energy Services Class A 0.01% 2,062 $25K No change
AER Aercap Holdings NV 0.01% 204 $24K Reduce -32.9%
BRY Berry Corp. 0.01% 8,455 $23K No change
NEM Newmont Corp. 0.01% 400 $23K No change
MEDP Medpace Holdings Inc. 0.01% 74 $23K New
INSW International Seaways Inc. 0.01% 546 $20K No change
DKS Dick's Sporting Goods Inc. 0.01% 94 $19K New
CVGI Commercial Vehicle Group Inc. 0.01% 10,297 $17K New
COLB Columbia Banking System Inc. 0.01% 592 $14K No change
CMRE Costamare Inc. 0.00% 1,081 $10K Reduce -65.9%
UCB United Community Banks 0.00% 220 $7K New
UNTC Unit Corp. 0.00% 89,040 $2K No change
Other holdings (30): bonds, preferreds, convertibles and warrants · $34.9M (not counted above)
SecurityClassShares / PrincipalValueChange
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 2,905,000$2.7MNo change
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal 2,530,000$2.6MNo change
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 2,710,000$2.6MNo change
FREDDIE MAC (FMCC 6.55 PERP Y) PREF STK 179,580$2.1MNo change
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 50,492$1.9MAdd +0.6%
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal 1,705,000$1.9MNo change
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal 1,760,000$1.9MNo change
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) NOTE 5.500% 2/0 · principal 1,507,000$1.9MAdd +1.3%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 1,745,000$1.8MNo change
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF 29,870$1.6MReduce -2.3%
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 1,755,000$1.6MNew
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 750,000$1.5MNo change
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal 1,500,000$1.5MAdd +1.4%
BANC OF CALIFORNIA INC (BANC V7.75 PERP F) NON 13F SECURITY 54,484$1.3MReduce -0.5%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,016$1.2MReduce -0.6%
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 1,227,000$1.2MAdd +1.7%
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal 1,400,000$1.2MNo change
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 1,215,000$1.2MNo change
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 500,000$592KNo change
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 500,000$479KNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$477KNo change
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 500,000$455KNo change
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 110,775$404KNo change
COUPA SOFTWARE INC (COUP 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$400KNo change
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock 6,000$90KNo change
UNTCW Unit Corp.-CW27 WARRANT 142,869$68KNo change
JACKSON FINANCIAL INC (JXN V8 PERP) PFD 2,200$56KNo change
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 50,000$50KNo change
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 287$31KNo change
PACWEST BANCORP (PACW V7.75 PERP A) PREF STK 250$6KNew

Total filed on the 13F, all lines: $274.9M.

Portfolio Sells Q1 2025 → Q2 2025
FBMS First Bancshares Inc. Sold out 0.00% −0.64
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.43
TRGP Targa Resources Corp. Reduce -0.2% 1.65% −0.35
NVDA Nvidia Corp. Reduce -45.0% 1.01% −0.32
SSUP Superior Industries Intl Sold out 0.00% −0.24
Nextera Energy Sold out 0.00% −0.23
WMB Williams Cos Inc. Reduce -1.7% 2.10% −0.05
DKL Delek Logistics Partners LP Reduce -0.4% 0.60% −0.04
WLKP Westlake Chemical Partners L Reduce -0.4% 0.36% −0.04
EGY Vaalco Energy Inc. Reduce -0.1% 0.31% −0.03
F Ford Motor Co. Sold out 0.00% −0.03
SLYV SS SPDR S&P 600 SC Val ETF Reduce -5.0% 0.27% −0.03
USB US Bancorp Sold out 0.00% −0.02
TOL Toll Brothers Inc. Sold out 0.00% −0.02
AM Antero Midstream Corp. Reduce -0.4% 2.22% −0.02
KMI Kinder Morgan Inc. Reduce -0.2% 0.62% −0.02
BANF Bancfirst Corp. Sold out 0.00% −0.02
EQT Eqt Corp. Sold out 0.00% −0.02
UBOH United Bancshares Inc. Reduce -2.2% 0.26% −0.02
PDM Piedmont Realty Trust Inc. Sold out 0.00% −0.02
ENFR Alerian Energy Infrastructur Sold out 0.00% −0.01
BFH Bread Financial Holdings Inc. Sold out 0.00% −0.01
BDN Brandywine Realty Trust Sold out 0.00% −0.01
BCS Barclays PLC-Spons ADR Sold out 0.00% −0.01
IRDM Iridium Communications Inc. Sold out 0.00% −0.01
RYAM Rayonier Advanced Materials Sold out 0.00% −0.01
TIP iShares Tips Bond ETF Reduce -5.2% 0.09% −0.01
DAC Danaos Corp. Reduce -36.2% 0.02% −0.01
EOG EOG Resources Inc. Sold out 0.00% −0.01
VET Vermilion Energy Inc. Sold out 0.00% −0.01
B Barrick Gold Corp. Sold out 0.00% −0.01
ZIM Zim Integrated Shipping Serv Sold out 0.00% −0.01
DVN Devon Energy Corp. Reduce -1.0% 0.04% −0.01
TGLS Tecnoglass Holdings Inc. Sold out 0.00% −0.01
CMRE Costamare Inc. Reduce -65.9% 0.00% −0.01
EZPW Ezcorp Inc. Class A Sold out 0.00% −0.01
MTH Meritage Homes Corp. Sold out 0.00% −0.01
BBT Beacon Financial Corp. Sold out 0.00% −0.01
Cenovus Energy Inc Sold out 0.00% −0.01
GSL Global Ship Lease Inc. Class A Reduce -23.8% 0.03% −0.01
GEHC GE Healthcare Technology Reduce -10.3% 0.02% −0.00
AER Aercap Holdings NV Reduce -32.9% 0.01% −0.00
NSLR Neostellar Capital Corp. Sold out 0.00% −0.00
BG Bunge Ltd. Reduce -0.6% 0.19% −0.00
EAF Graftech International Ltd. Sold out 0.00% −0.00
UBER Uber Technologies Inc. Reduce -20.7% 0.02% −0.00
OSG Octave Specialty Group Inc. Sold out 0.00% −0.00
FCCO First Community Corp. Reduce -0.3% 0.47% +0.01
GE General Electric Company Reduce -10.7% 0.16% +0.01
CSCO Cisco Systems Inc. Reduce -1.3% 0.33% +0.02

Portfolio Buys Q1 2025 → Q2 2025
FMCC Freddie Mac Add +29.4% 1.96% +0.92
GS Goldman Sachs Group Inc. Add +9.7% 2.70% +0.69
RNST Renasant Corp. New 0.64% +0.64
EMXC iShares MSCI Emr MRK Ex Chna New 0.60% +0.60
MSFT Microsoft Corp. Add +1.2% 2.27% +0.48
AGX Argan Inc. Add +0.4% 1.08% +0.40
Palantir Technologies Add +7.4% 0.94% +0.37
CAT Caterpillar Inc. Add +8.8% 1.50% +0.26
HTZ Hertz Global Hldgs Inc. Add +0.9% 0.66% +0.26
CBRL Cracker Barrel Old Country Add +0.3% 0.71% +0.24
SPY SS SPDR S&P 500 ETF Trust-US New 0.23% +0.23
AXP American Express Co. Add +9.3% 1.18% +0.22
JPM JPMorgan Chase & Co. Add +5.5% 1.40% +0.21
PUBM Pubmatic Inc. Class A Add +13.3% 0.67% +0.21
IBM Intl Business Machines Corp. Add +6.3% 1.25% +0.20
MESA AIR GROUP INC Add +50.5% 0.48% +0.20
BA The Boeing Co. Add +8.6% 0.84% +0.17
FNWB First Northwest Bancorp New 0.15% +0.15
DIA SS SPDR Dow Jones Indus Avg Add +3.8% 4.69% +0.13
AMZN Amazon.com Inc. Add +4.4% 0.97% +0.12
NMIH Nmi Holdings Inc. Add +0.7% 1.13% +0.11
DIS The Walt Disney Co. Add +9.8% 0.46% +0.11
CVBF CVB Financial Corp. Add +153.8% 0.16% +0.10
HON Honeywell International Inc. Add +7.3% 0.93% +0.10
MA Mastercard Inc. Class A New 0.09% +0.09
NOBL Proshares S&P 500 Dividend A Add +56.0% 0.27% +0.08
GEL Genesis Energy L.P. Add +1.1% 1.72% +0.08
EB Eventbrite Inc. Class A Add +12.4% 0.30% +0.07
Homestreet Inc Add +0.8% 1.26% +0.07
NTGR Netgear Inc. Add +1.0% 0.58% +0.07
KE Kimball Electronics Inc. Add +2.1% 0.54% +0.06
CRM Salesforce Inc. Add +10.3% 0.98% +0.05
CTRA Coterra Energy Inc. New 0.05% +0.05
V Visa Inc. Class A Add +8.6% 1.32% +0.05
WMT Walmart Inc. Add +4.5% 0.50% +0.04
TRV The Travelers Cos Inc. Add +9.2% 1.01% +0.04
QQQ Invesco QQQ Trust Series 1 Add +148.8% 0.09% +0.04
NKE Nike Inc. Class B Add +9.8% 0.26% +0.04
MMM 3M Co. Add +9.1% 0.57% +0.04
T AT&T Inc. New 0.04% +0.04
HD Home Depot Inc. Add +8.4% 1.49% +0.04
BKNG Booking Holdings Inc. New 0.03% +0.03
RSG Republic Services Inc. New 0.03% +0.03
SCHG Schwab US Large-Cap Growth New 0.03% +0.03
ARCB Arcbest Corp. Add +2.9% 0.45% +0.03
DOW Dow Inc. New 0.02% +0.02
XLV SS Health Care Select Sector New 0.02% +0.02
LZB La-Z-Boy Inc. Add +15.8% 0.51% +0.02
UPS United Parcel Service Class B New 0.02% +0.02
UPWK Upwork Inc. New 0.02% +0.02

Notes & Other Activity Q1 2025 → Q2 2025
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 Add +0.6% 50,492 $1.9M
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) NOTE 5.500% 2/0 · principal Add +1.3% 1,507,000 $1.9M
VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) NOTE 2.250% 6/1 · principal Sold out 1,805,000 $1.8Mbefore exit
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF Reduce -2.3% 29,870 $1.6M
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal New 1,755,000 $1.6M
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal Add +1.4% 1,500,000 $1.5M
BANC OF CALIFORNIA INC (BANC V7.75 PERP F) NON 13F SECURITY Reduce -0.5% 54,484 $1.3M
EZCORP INC (EZPW 2.375 05/01/25) NOTE 2.375% 5/0 · principal Sold out 1,246,000 $1.2Mbefore exit
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -0.6% 1,016 $1.2M
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal Add +1.7% 1,227,000 $1.2M
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) NOTE 3.875% 8/1 · principal Sold out 1,012,000 $1.0Mbefore exit
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal Sold out 750,000 $839Kbefore exit
FIVE9 INC (FIVN 0.5 06/01/25) NOTE 0.500% 6/0 · principal Sold out 500,000 $494Kbefore exit
PACWEST BANCORP (PACW V7.75 PERP A) PREF STK New 250 $6K

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