Pinnacle Holdings, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Pinnacle Holdings, LLC reported 221 stock positions worth $254.7 million. Its top holding was SS SPDR Dow Jones Indus Avg (DIA) at 4.7% of the portfolio, followed by Goldman Sachs (GS, 2.8%) and Freddie Mac (FMCC, 2.6%). Compared with Q2 2025, it opened 32 new positions, sold out of 10, added to 27 and reduced 87. The biggest buy was a new position in Mechanics Bancorp Class A (MCHB) and the biggest sale an exit from Homestreet.

Most Recent 13F
Q2 2026
Location
TULSA, OK
CIK
0001411784
Portfolio Value
$254.7M (Q3 2025)
SEC Filing
0001411784-25-000009 ↗ filed Nov 12, 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 Q2 2025 Q3 2025: $254.7M $254.7M Q3 2025 Q4 2025: $263.5M Q4 2025 Q1 2026: $280.5M Q1 2026 Q2 2026: $303.7M Q2 2026

Holdings 221 stocks · $254.7M
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 4.67% 25,638 $11.9M Add +0.3%
GS Goldman Sachs Group Inc. 2.85% 9,104 $7.2M Reduce -0.5%
FMCC Freddie Mac filed as FEDERAL HOME LN MTG CORP 2.62% 566,538 $6.7M Reduce -0.8%
MSFT Microsoft Corp. 2.18% 10,730 $5.6M Reduce -2.1%
AM Antero Midstream Corp. 2.15% 281,034 $5.5M Reduce -0.2%
AAPL Apple Inc. 1.98% 19,842 $5.1M Reduce -0.0%
WMB Williams Cos Inc. 1.98% 79,595 $5.0M Reduce -0.7%
CAT Caterpillar Inc. 1.73% 9,250 $4.4M Reduce -0.4%
OKE Oneok Inc. 1.68% 58,475 $4.3M Add +1.2%
MPLX MPLX LP 1.60% 81,423 $4.1M Add +0.1%
GEL Genesis Energy L.P. 1.57% 239,465 $4.0M Add +0.1%
HD Home Depot Inc. 1.54% 9,696 $3.9M Reduce -0.5%
KNTK Kinetik Holdings Inc. 1.53% 91,133 $3.9M Reduce -0.1%
TRGP Targa Resources Corp. 1.50% 22,751 $3.8M Reduce -0.1%
AMGN Amgen Inc. 1.47% 13,283 $3.7M Reduce -0.4%
JPM JPMorgan Chase & Co. 1.43% 11,578 $3.7M Reduce -0.4%
ARLP Alliance Resource Partners 1.28% 128,770 $3.3M Reduce -0.1%
UNH Unitedhealth Group Inc. 1.25% 9,231 $3.2M Reduce -0.5%
ET Energy Transfer LP 1.24% 184,187 $3.2M Reduce -0.1%
HESM Hess Midstream LP Class A 1.21% 89,096 $3.1M Add +3.6%
MCHB Mechanics Bancorp Class A 1.20% 230,379 $3.1M New
V Visa Inc. Class A 1.19% 8,874 $3.0M Reduce -0.5%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 1.19% 156,909 $3.0M No change
SHW The Sherwin-Williams Co. 1.18% 8,705 $3.0M Reduce -0.5%
Palantir Technologies 1.18% 16,503 $3.0M Reduce -0.6%
NAVIOS MARITIME PARTNERS L P 1.17% 66,354 $3.0M Reduce -0.2%
MCD McDonald's Corp. 1.17% 9,770 $3.0M Reduce -0.5%
AXP American Express Co. 1.15% 8,845 $2.9M Reduce -0.5%
C Citigroup Inc. 1.15% 28,932 $2.9M No change
PAGP Plains GP Holdings LP 1.15% 160,073 $2.9M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.12% 10,151 $2.9M Reduce -0.5%
NVDA Nvidia Corp. 1.10% 15,063 $2.8M Reduce -1.5%
EPD Enterprise Products Partners 1.10% 89,688 $2.8M Add +0.2%
BHRB Burke & Herbert Financial SE 1.05% 43,289 $2.7M Reduce -0.1%
UNTC Unit Corp. 1.05% 89,040 $2.7M No change
WES Western Gas Equity Partners 1.04% 67,451 $2.7M Add +0.4%
TRV The Travelers Cos Inc. 0.99% 9,031 $2.5M Reduce -0.5%
BHF Brighthouse Financial Inc. 0.98% 46,867 $2.5M Reduce -0.1%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.97% 64,159 $2.5M Reduce -0.3%
AMZN Amazon.com Inc. 0.91% 10,592 $2.3M Reduce -0.5%
Hovnanian 0.86% 105,000 $2.2M New
MOFG Midwestone Financial Group I 0.85% 76,743 $2.2M Reduce -0.1%
FUNC First United Corp. 0.85% 58,976 $2.2M No change
MESA AIR GROUP INC 0.83% 1,628,136 $2.1M Add +31.8%
JNJ Johnson & Johnson 0.82% 11,214 $2.1M Add +0.5%
BA The Boeing Co. 0.81% 9,611 $2.1M Reduce -0.5%
ETC SUNOCO HOLDINGS LLC filed as SUNOCO INC 0.81% 41,450 $2.1M No change
CVX Chevron Corp. 0.80% 13,125 $2.0M Reduce -0.4%
CRM Salesforce Inc. 0.80% 8,567 $2.0M Reduce -0.6%
KE Kimball Electronics Inc. 0.79% 67,344 $2.0M Reduce -0.3%
HON Honeywell International Inc. 0.79% 9,510 $2.0M Reduce -0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.78% 38,448 $2.0M No change
JXN Jackson Financial Inc. Class A 0.72% 18,235 $1.8M No change
PG The Procter & Gamble Co. 0.64% 10,601 $1.6M Reduce -0.5%
RNST Renasant Corp. 0.62% 42,976 $1.6M No change
HTZ Hertz Global Hldgs Inc. 0.62% 230,566 $1.6M Reduce -0.2%
NTGR Netgear Inc. 0.61% 47,909 $1.6M Reduce -0.3%
DKL Delek Logistics Partners LP 0.60% 33,350 $1.5M No change
HWBK Hawthorn Bancshares Inc. 0.58% 47,764 $1.5M No change
ASO Academy Sports & Outdoors Inc. 0.58% 29,363 $1.5M Reduce -0.2%
CZWI Citizens Community Bancorp I 0.58% 91,347 $1.5M No change
EMXC iShares MSCI Emr MRK Ex Chna 0.58% 21,739 $1.5M Reduce -5.0%
KMI Kinder Morgan Inc. 0.56% 50,173 $1.4M Reduce -0.4%
MMM 3M Co. 0.54% 8,941 $1.4M Reduce -0.5%
FNMA Fannie Mae filed as FEDERAL NATL MTG ASSN COM 0.54% 113,388 $1.4M No change
CLF Cleveland-Cliffs Inc. 0.53% 109,624 $1.3M Reduce -0.1%
FCCO First Community Corp. 0.52% 46,702 $1.3M No change
FLG Flagstar Bank NA 0.49% 108,245 $1.3M Add +22.7%
WMT Walmart Inc. 0.49% 12,126 $1.2M Reduce -0.4%
ONB Old National Bancorp 0.49% 56,751 $1.2M No change
CBRL Cracker Barrel Old Country 0.49% 28,047 $1.2M Reduce -0.2%
CCNE CNB Financial Corp. 0.48% 50,125 $1.2M New
TALO Talos Energy Inc. 0.47% 125,738 $1.2M Reduce -0.1%
CIVB Civista Bancshares Inc. 0.47% 59,030 $1.2M No change
JBLU Jetblue Airways Corp. 0.47% 242,096 $1.2M Reduce -0.1%
CC The Chemours Co. 0.47% 74,891 $1.2M Reduce -0.1%
LZB La-Z-Boy Inc. 0.46% 34,490 $1.2M Add +4.0%
PUBM Pubmatic Inc. Class A 0.45% 138,822 $1.1M Add +7.8%
CUBI Customers Bancorp Inc. 0.45% 17,405 $1.1M No change
YELP Yelp Inc. 0.44% 35,838 $1.1M Add +1.2%
PEBO Peoples Bancorp Inc. 0.44% 36,977 $1.1M No change
ALRS Alerus Financial Corp. 0.43% 48,999 $1.1M No change
PKBK Parke Bancorp Inc. 0.42% 49,941 $1.1M No change
PEBK Peoples Bancorp of NC 0.42% 34,889 $1.1M No change
ORRF Orrstown Finl Services Inc. 0.42% 31,230 $1.1M No change
TBCH Turtle Beach Corp. 0.41% 65,039 $1.0M Reduce -0.2%
PFBX Peoples Financial Corp. 0.40% 48,476 $1.0M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.40% 8,906 $1.0M Reduce -0.5%
ARCB Arcbest Corp. 0.39% 14,109 $986K Reduce -0.2%
BANC Banc of California Inc. 0.37% 56,942 $942K Reduce -3.3%
OCFC Oceanfirst Financial Corp. 0.35% 51,240 $900K No change
DB Deutsche Bank AG-Registered 0.35% 24,900 $882K No change
MRK Merck & Co. Inc. 0.35% 10,486 $880K Reduce -0.5%
XPRO Expro Group Holdings NV 0.34% 73,049 $868K Reduce -0.2%
UBOH United Bancshares Inc. 0.32% 22,302 $825K No change
EGY Vaalco Energy Inc. 0.32% 204,817 $823K Reduce -0.1%
WLKP Westlake Chemical Partners L 0.32% 39,167 $822K No change
CSCO Cisco Systems Inc. 0.31% 11,500 $787K Reduce -0.4%
HOPE Hope Bancorp Inc. 0.30% 70,780 $762K No change
ZION Zions Bancorp NA 0.29% 13,244 $749K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.28% 8,105 $718K Add +0.4%
FRST Primis Financial Corp. 0.28% 68,216 $717K No change
EB Eventbrite Inc. Class A 0.27% 270,599 $682K Reduce -0.1%
FUSB First US Bancshares Inc. 0.26% 55,806 $671K No change
ORCL Oracle Corp. 0.26% 2,367 $666K Reduce -11.3%
KRNY Kearny Financial Corp. 0.26% 101,080 $664K No change
PAMT Pamt Corp. 0.26% 57,915 $660K Add +2.9%
NOBL Proshares S&P 500 Dividend A 0.26% 6,361 $656K Add +0.0%
KO The Coca-Cola Co. 0.25% 9,742 $646K Reduce -0.5%
UIS Unisys Corp. 0.25% 163,238 $637K Add +4.3%
CFG Citizens Financial Group 0.24% 11,657 $620K No change
TFC Truist Financial Corp. 0.24% 13,520 $618K No change
NKE Nike Inc. Class B 0.24% 8,846 $617K Reduce -0.5%
FNWB First Northwest Bancorp 0.22% 72,000 $567K Add +53.2%
LGIH Lgi Homes Inc. 0.22% 10,778 $557K Add +0.1%
FITB Fifth Third Bancorp 0.20% 11,625 $518K No change
VZ Verizon Communications Inc. 0.19% 11,278 $496K Reduce -0.4%
XOM Exxon Mobil Corp. 0.19% 4,224 $476K Reduce -2.2%
THFF First Financial Corp. 0.18% 8,190 $462K No change
CWBC Community West Bancshares 0.18% 21,906 $457K No change
GE General Electric Company 0.18% 1,506 $453K Add +0.3%
EBMT Eagle Bancorp Montana Inc. 0.17% 25,814 $446K No change
VTLE Vital Energy Inc. 0.16% 23,779 $402K Reduce -0.2%
HWC Hancock Whitney Corp. 0.15% 6,232 $390K No change
XIFR XPLR Infrastructure LP 0.15% 37,886 $385K No change
CVBF CVB Financial Corp. 0.15% 19,803 $374K No change
SFBC Sound Financial Bancorp Inc. 0.13% 7,180 $331K Reduce -6.9%
META Meta Platforms Inc. Class A 0.12% 428 $314K New
NFE New Fortress Energy Inc. 0.10% 111,524 $246K Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.10% 617 $243K Add +0.8%
MA Mastercard Inc. Class A 0.09% 400 $228K No change
TIP iShares Tips Bond ETF 0.09% 2,036 $226K Add +1.3%
PFS Provident Financial Services 0.09% 11,563 $223K No change
WFC Wells Fargo & Co. 0.08% 2,572 $216K No change
GEV GE Vernova Inc. 0.08% 330 $203K Add +0.3%
KTOS Kratos Defense & Security 0.07% 2,000 $183K No change
INTC Intel Corp. 0.07% 5,277 $177K No change
QCRH QCR Holdings Inc. 0.07% 2,222 $168K No change
TSM Taiwan Semiconductor-SP ADR 0.06% 524 $146K Add +1.0%
HGTXU Hugoton Royalty Trust 0.05% 369,194 $122K Reduce -2.0%
FNB FNB Corp. 0.04% 7,068 $114K No change
AMR Alpha Metallurgical Resource 0.04% 690 $113K Reduce -6.0%
CTRA Coterra Energy Inc. 0.04% 4,786 $113K No change
M Macy's Inc. 0.04% 6,199 $111K No change
DVN Devon Energy Corp. 0.04% 3,091 $108K Add +2.3%
McDermott International 0.04% 5,422 $108K Add +13.1%
TLN Talen Energy Corp. 0.04% 250 $106K New
HNRG Hallador Energy Co. 0.04% 5,244 $103K Reduce -5.3%
PAA Plains All Amer Pipeline LP 0.04% 5,560 $95K No change
T AT&T Inc. 0.03% 2,972 $84K No change
AGX Argan Inc. 0.03% 307 $83K Reduce -97.4%
F Ford Motor Co. filed as FORD MTR CO 0.03% 6,755 $81K New
TEEKAY CORPORATION 0.03% 9,633 $79K Reduce -2.0%
GSL Global Ship Lease Inc. Class A 0.03% 2,559 $79K No change
TNK Teekay Tankers Ltd. Class A 0.03% 1,478 $75K Reduce -0.4%
FINV Finvolution Group-ADR 0.03% 9,780 $72K Reduce -7.9%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.03% 2,887 $70K New
BKNG Booking Holdings Inc. 0.03% 13 $70K No change
RSG Republic Services Inc. 0.03% 305 $70K No change
GASS Stealthgas Inc. 0.03% 10,300 $67K Reduce -4.4%
CGAU Centerra Gold Inc. 0.03% 6,124 $66K No change
TPH Tri Pointe Homes Inc. 0.03% 1,877 $64K New
AZN Astrazeneca PLC-Spons ADR 0.02% 800 $61K No change
GM General Motors Co. 0.02% 995 $61K No change
MOMO Hello Group Inc. -SPN ADR 0.02% 7,849 $58K Reduce -6.3%
UBER Uber Technologies Inc. 0.02% 580 $57K No change
SPGI S&P Global Inc. 0.02% 115 $56K New
DAC Danaos Corp. 0.02% 621 $56K Reduce -3.7%
SPHR Sphere Entertainment Co. 0.02% 889 $55K Reduce -8.5%
GNK Genco Shipping & Trading Ltd. 0.02% 3,100 $55K No change
SFM Sprouts Farmers Market Inc. 0.02% 500 $54K No change
XLV SS Health Care Select Sector 0.02% 379 $53K No change
SD Sandridge Energy Inc. 0.02% 4,640 $52K No change
DOW Dow Inc. 0.02% 2,084 $48K No change
WING Wingstop Inc. 0.02% 187 $47K New
BANF Bancfirst Corp. 0.02% 360 $46K New
BWLP BW LPG Limited 0.02% 3,028 $43K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.02% 882 $43K New
TDG Transdigm Group Inc. 0.02% 31 $41K New
CALF PCR US SM CP CSH CWS ETF-Usd 0.02% 898 $39K No change
GEHC GE Healthcare Technology 0.02% 522 $39K Add +0.2%
AGRO Adecoagro SA 0.02% 4,994 $39K Reduce -3.9%
Shenandoah Telecommunications 0.02% 2,915 $39K Reduce -3.5%
STNG Scorpio Tankers Inc. 0.02% 694 $39K No change
XLE SS Energy Select Sector 0.02% 432 $39K No change
EQT Eqt Corp. 0.01% 700 $38K New
UPS United Parcel Service Class B 0.01% 445 $37K No change
UNIT Uniti Group LLC Com SHS 0.01% 5,800 $35K No change
NEM Newmont Corp. 0.01% 400 $34K No change
DIREXION SHS ETF TR 0.01% 657 $34K No change
Star Bulk Carriers 0.01% 1,738 $32K New
SF Stifel Financial Corp. 0.01% 284 $32K New
BRY Berry Corp. 0.01% 8,455 $32K No change
TMHC Taylor Morrison Home Corp. 0.01% 483 $32K New
MBGYY Mercedes-Benz Group-Unsp ADR 0.01% 2,000 $31K New
ASC Ardmore Shipping Corp. 0.01% 2,602 $31K Reduce -5.5%
BG Bunge Ltd. filed as BUNGE GLOBAL SA F 0.01% 375 $30K Reduce -93.5%
MIND Mind Technology Inc. 0.01% 3,460 $28K New
RNGR Ranger Energy Services Class A 0.01% 1,979 $28K Reduce -4.0%
EXE Expand Energy Corp. 0.01% 261 $28K Reduce -33.4%
TS Tenaris SA-ADR 0.01% 774 $28K Reduce -6.8%
PINS Pinterest Inc. Class A 0.01% 798 $26K Reduce -20.0%
FTNT Fortinet Inc. 0.01% 299 $25K New
INSW International Seaways Inc. 0.01% 533 $25K Reduce -2.4%
MNDY Monday.com Ltd. 0.01% 122 $24K New
NOG Northern Oil and Gas Inc. 0.01% 929 $23K No change
EOG EOG Resources Inc. 0.01% 200 $22K New
Zim Integrated Shipping 0.01% 1,608 $22K New
AER Aercap Holdings NV 0.01% 180 $22K Reduce -11.8%
TGLS Tecnoglass Holdings Inc. 0.01% 315 $21K New
DKS Dick's Sporting Goods Inc. 0.01% 94 $21K No change
EZPW Ezcorp Inc. Class A 0.01% 1,000 $19K New
AAL American Airlines Group Inc. 0.01% 1,635 $18K Reduce -90.1%
IRDM Iridium Communications Inc. 0.01% 1,051 $18K New
DIREXION DAILY SEMI BEAR 3X 0.01% 3,468 $18K New
CVGI Commercial Vehicle Group Inc. 0.01% 10,297 $18K No change
SSRM SSR Mining Inc. 0.01% 630 $15K New
COLB Columbia Banking System Inc. 0.01% 592 $15K No change
MTH Meritage Homes Corp. 0.01% 200 $14K New
NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP 0.00% 1,329 $12K New
SCHP Schwab U.S. Tips ETF 0.00% 308 $8K New
Other holdings (25): bonds, preferreds, convertibles and warrants · $32.2M (not counted above)
SecurityClassShares / PrincipalValueChange
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal 2,530,000$3.6MNo change
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 2,905,000$2.8MNo change
FREDDIE MAC (FMCC 6.55 PERP Y) PREF STK 179,580$2.5MNo change
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal 1,705,000$2.2MNo change
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 50,692$2.0MAdd +0.4%
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF 29,870$1.9MNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 1,745,000$1.7MNo change
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal 1,760,000$1.7MNo change
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 1,705,000$1.6MReduce -37.1%
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 1,755,000$1.6MNo change
EVENTBRITE INC (EB 5 12/01/25) NOTE 5.000%12/0 · principal 1,500,000$1.5MNo change
BANC OF CALIFORNIA INC (BANC V7.75 PERP F) NON 13F SECURITY 54,484$1.4MNo change
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal 1,400,000$1.3MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,016$1.3MNo change
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 1,227,000$1.2MNo change
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 1,205,000$1.2MReduce -0.8%
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 500,000$487KNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$485KNo change
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 500,000$465KNo change
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 110,775$412KNo change
COUPA SOFTWARE INC (COUP 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$400KNo change
UNTCW Unit Corp.-CW27 WARRANT 142,869$286KNo change
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock 6,000$100KNo change
JACKSON FINANCIAL INC (JXN V8 PERP) PFD 2,200$57KNo change
PACWEST BANCORP (PACW V7.75 PERP A) PREF STK 250$6KNo change

Total filed on the 13F, all lines: $286.8M.

Portfolio Sells Q2 2025 → Q3 2025
Homestreet Inc Sold out 0.00% −1.26
AGX Argan Inc. Reduce -97.4% 0.03% −1.05
ESSA Essa Bancorp Inc. Sold out 0.00% −0.47
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.23
CBRL Cracker Barrel Old Country Reduce -0.2% 0.49% −0.23
CRM Salesforce Inc. Reduce -0.6% 0.80% −0.18
BG Bunge Ltd. Reduce -93.5% 0.01% −0.18
NMIH Nmi Holdings Inc. Reduce -0.3% 0.97% −0.16
TRGP Targa Resources Corp. Reduce -0.1% 1.50% −0.16
ET Energy Transfer LP Reduce -0.1% 1.24% −0.15
PAGP Plains GP Holdings LP Reduce -0.0% 1.15% −0.15
KNTK Kinetik Holdings Inc. Reduce -0.1% 1.53% −0.15
HON Honeywell International Inc. Reduce -0.5% 0.79% −0.14
V Visa Inc. Class A Reduce -0.5% 1.19% −0.13
IBM Intl Business Machines Corp. Reduce -0.5% 1.12% −0.13
ARLP Alliance Resource Partners Reduce -0.1% 1.28% −0.13
WMB Williams Cos Inc. Reduce -0.7% 1.98% −0.12
MSFT Microsoft Corp. Reduce -2.1% 2.18% −0.09
AMGN Amgen Inc. Reduce -0.4% 1.47% −0.08
AM Antero Midstream Corp. Reduce -0.2% 2.15% −0.08
BHF Brighthouse Financial Inc. Reduce -0.1% 0.98% −0.07
AAL American Airlines Group Inc. Reduce -90.1% 0.01% −0.07
MOFG Midwestone Financial Group I Reduce -0.1% 0.85% −0.07
SHW The Sherwin-Williams Co. Reduce -0.5% 1.18% −0.07
PG The Procter & Gamble Co. Reduce -0.5% 0.64% −0.07
ARCB Arcbest Corp. Reduce -0.2% 0.39% −0.07
DIS The Walt Disney Co. Reduce -0.5% 0.40% −0.06
AMZN Amazon.com Inc. Reduce -0.5% 0.91% −0.06
KMI Kinder Morgan Inc. Reduce -0.4% 0.56% −0.06
NFE New Fortress Energy Inc. Reduce -0.1% 0.10% −0.06
HTZ Hertz Global Hldgs Inc. Reduce -0.2% 0.62% −0.04
KO The Coca-Cola Co. Reduce -0.5% 0.25% −0.03
SCHG Schwab US Large-Cap Growth Sold out 0.00% −0.03
BHRB Burke & Herbert Financial SE Reduce -0.1% 1.05% −0.03
MCD McDonald's Corp. Reduce -0.5% 1.17% −0.03
EB Eventbrite Inc. Class A Reduce -0.1% 0.27% −0.03
BA The Boeing Co. Reduce -0.5% 0.81% −0.03
AXP American Express Co. Reduce -0.5% 1.15% −0.03
EMXC iShares MSCI Emr MRK Ex Chna Reduce -5.0% 0.58% −0.03
MMM 3M Co. Reduce -0.5% 0.54% −0.03
CSCO Cisco Systems Inc. Reduce -0.4% 0.31% −0.02
TRV The Travelers Cos Inc. Reduce -0.5% 0.99% −0.02
NKE Nike Inc. Class B Reduce -0.5% 0.24% −0.02
SFBC Sound Financial Bancorp Inc. Reduce -6.9% 0.13% −0.02
UPWK Upwork Inc. Sold out 0.00% −0.02
MSI Motorola Solutions Inc. Sold out 0.00% −0.02
HGTXU Hugoton Royalty Trust Reduce -2.0% 0.05% −0.01
FINV Finvolution Group-ADR Reduce -7.9% 0.03% −0.01
BOKF Bok Financial Corporation Sold out 0.00% −0.01
MEDP Medpace Holdings Inc. Sold out 0.00% −0.01

Portfolio Buys Q2 2025 → Q3 2025
MCHB Mechanics Bancorp Class A New 1.20% +1.20
Hovnanian New 0.86% +0.86
CCNE CNB Financial Corp. New 0.48% +0.48
MESA AIR GROUP INC Add +31.8% 0.83% +0.35
META Meta Platforms Inc. Class A New 0.12% +0.12
JNJ Johnson & Johnson Add +0.5% 0.82% +0.11
FLG Flagstar Bank NA Add +22.7% 0.49% +0.10
FNWB First Northwest Bancorp Add +53.2% 0.22% +0.07
TLN Talen Energy Corp. New 0.04% +0.04
F Ford Motor Co. New 0.03% +0.03
BVN Cia DE Minas Buenaventur-ADR New 0.03% +0.03
TPH Tri Pointe Homes Inc. New 0.03% +0.03
SPGI S&P Global Inc. New 0.02% +0.02
McDermott International Add +13.1% 0.04% +0.02
WING Wingstop Inc. New 0.02% +0.02
BANF Bancfirst Corp. New 0.02% +0.02
BWLP BW LPG Limited New 0.02% +0.02
TTD Trade Desk Inc./the Class A New 0.02% +0.02
GE General Electric Company Add +0.3% 0.18% +0.02
TDG Transdigm Group Inc. New 0.02% +0.02
EQT Eqt Corp. New 0.01% +0.01
SLYV SS SPDR S&P 600 SC Val ETF Add +0.4% 0.28% +0.01
Star Bulk Carriers New 0.01% +0.01
SF Stifel Financial Corp. New 0.01% +0.01
TMHC Taylor Morrison Home Corp. New 0.01% +0.01
MBGYY Mercedes-Benz Group-Unsp ADR New 0.01% +0.01
MIND Mind Technology Inc. New 0.01% +0.01
FTNT Fortinet Inc. New 0.01% +0.01
MNDY Monday.com Ltd. New 0.01% +0.01
EOG EOG Resources Inc. New 0.01% +0.01
Zim Integrated Shipping New 0.01% +0.01
TSM Taiwan Semiconductor-SP ADR Add +1.0% 0.06% +0.01
TGLS Tecnoglass Holdings Inc. New 0.01% +0.01
EZPW Ezcorp Inc. Class A New 0.01% +0.01
IRDM Iridium Communications Inc. New 0.01% +0.01
GEV GE Vernova Inc. Add +0.3% 0.08% +0.01
DIREXION DAILY SEMI BEAR 3X New 0.01% +0.01
SSRM SSR Mining Inc. New 0.01% +0.01
MTH Meritage Homes Corp. New 0.01% +0.01
NSLR Neostellar Capital Corp. New 0.00% +0.00
QQQ Invesco QQQ Trust Series 1 Add +0.8% 0.10% +0.00
SCHP Schwab U.S. Tips ETF New 0.00% +0.00
DVN Devon Energy Corp. Add +2.3% 0.04% +0.00
GEHC GE Healthcare Technology Add +0.2% 0.02% −0.00
TIP iShares Tips Bond ETF Add +1.3% 0.09% −0.00
NOBL Proshares S&P 500 Dividend A Add +0.0% 0.26% −0.01
LGIH Lgi Homes Inc. Add +0.1% 0.22% −0.01
DIA SS SPDR Dow Jones Indus Avg Add +0.3% 4.67% −0.03
PAMT Pamt Corp. Add +2.9% 0.26% −0.04
WES Western Gas Equity Partners Add +0.4% 1.04% −0.04

Notes & Other Activity Q2 2025 → Q3 2025
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 Add +0.4% 50,692 $2.0M
FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) NOTE 5.500% 2/0 · principal Sold out 1,507,000 $1.9Mbefore exit
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal Reduce -37.1% 1,705,000 $1.6M
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal Sold out 750,000 $1.5Mbefore exit
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal Reduce -0.8% 1,205,000 $1.2M
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Sold out 500,000 $592Kbefore exit
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal Sold out 50,000 $50Kbefore exit
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 Sold out 287 $31Kbefore 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