Pinnacle Holdings, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Pinnacle Holdings, LLC reported 210 stock positions worth $280.5 million. Its top holding was SS SPDR Dow Jones Indus Avg (DIA) at 4.4% of the portfolio, followed by Goldman Sachs (GS, 3.1%) and Caterpillar (CAT, 2.8%). Compared with Q4 2025, it opened 18 new positions, sold out of 31, added to 48 and reduced 56. The biggest buy was SSR Mining (SSRM, shares +22385%) and the biggest sale an exit from Midwestone Financial Group I (MOFG).

Most Recent 13F
Q2 2026
Location
TULSA, OK
CIK
0001411784
Portfolio Value
$280.5M (Q1 2026)
SEC Filing
0001411784-26-000004 ↗ filed May 8, 2026

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 Q3 2025 Q4 2025: $263.5M Q4 2025 Q1 2026: $280.5M $280.5M Q1 2026 Q2 2026: $303.7M Q2 2026

Holdings 210 stocks · $280.5M
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 4.43% 26,807 $12.4M Add +5.8%
GS Goldman Sachs Group Inc. 3.11% 10,311 $8.7M Add +14.4%
CAT Caterpillar Inc. 2.76% 10,920 $7.7M Add +13.1%
AM Antero Midstream Corp. 2.27% 279,484 $6.4M Reduce -0.2%
WMB Williams Cos Inc. 2.04% 78,450 $5.7M Reduce -0.8%
TRGP Targa Resources Corp. 1.97% 22,046 $5.5M Reduce -2.3%
AMGN Amgen Inc. 1.82% 14,475 $5.1M Add +9.7%
OKE Oneok Inc. 1.81% 56,298 $5.1M Reduce -3.6%
MPLX MPLX LP 1.62% 79,676 $4.5M Reduce -1.4%
KNTK Kinetik Holdings Inc. 1.62% 93,925 $4.5M Reduce -0.5%
MSFT Microsoft Corp. 1.61% 12,170 $4.5M Add +14.5%
NAVIOS MARITIME PARTNERS L P 1.56% 64,801 $4.4M Reduce -1.1%
GEL Genesis Energy L.P. 1.51% 237,847 $4.2M No change
SSRM SSR Mining Inc. 1.48% 141,653 $4.2M Add +22384.6%
PAGP Plains GP Holdings LP 1.42% 163,928 $4.0M Reduce -0.1%
HD Home Depot Inc. 1.34% 11,417 $3.8M Add +13.0%
JPM JPMorgan Chase & Co. 1.33% 12,703 $3.7M Add +11.3%
MCHB Mechanics Bancorp Class A 1.33% 253,114 $3.7M Add +9.9%
AAPL Apple Inc. 1.31% 14,489 $3.7M Reduce -27.5%
FMCC Freddie Mac filed as FEDERAL HOME LN MTG CORP 1.28% 560,843 $3.6M Add +0.4%
ET Energy Transfer LP 1.27% 185,073 $3.6M Reduce -0.0%
ARLP Alliance Resource Partners 1.27% 129,109 $3.6M Reduce -0.2%
HESM Hess Midstream LP Class A 1.25% 90,483 $3.5M Add +1.0%
MCD McDonald's Corp. 1.21% 10,930 $3.4M Add +13.0%
EPD Enterprise Products Partners 1.20% 88,799 $3.4M Reduce -0.1%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 1.17% 156,910 $3.3M No change
C Citigroup Inc. 1.17% 29,032 $3.3M No change
TRV The Travelers Cos Inc. 1.16% 11,166 $3.3M Add +12.9%
SHW The Sherwin-Williams Co. 1.13% 9,892 $3.2M Add +15.7%
CVX Chevron Corp. 1.12% 15,202 $3.1M Add +8.8%
NVDA Nvidia Corp. 1.10% 17,746 $3.1M Add +18.1%
UNTC Unit Corp. 1.10% 89,040 $3.1M No change
JNJ Johnson & Johnson 1.10% 12,576 $3.1M Add +11.2%
AXP American Express Co. 1.08% 10,052 $3.0M Add +14.8%
V Visa Inc. Class A 1.08% 10,049 $3.0M Add +14.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.03% 11,918 $2.9M Add +11.9%
UNH Unitedhealth Group Inc. 1.02% 10,569 $2.9M Add +13.7%
WES Western Gas Equity Partners 1.00% 67,846 $2.8M Add +1.4%
SUNC Sunococorp LLC 0.99% 44,838 $2.8M New
BHRB Burke & Herbert Financial SE 0.96% 43,233 $2.7M Reduce -0.1%
BHF Brighthouse Financial Inc. 0.94% 43,923 $2.6M Reduce -0.3%
AMZN Amazon.com Inc. 0.92% 12,394 $2.6M Add +11.9%
HON Honeywell International Inc. 0.87% 10,809 $2.4M Add +12.4%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.85% 63,315 $2.4M Reduce -1.3%
Palantir Technologies 0.85% 16,213 $2.4M No change
BA The Boeing Co. 0.78% 10,978 $2.2M Add +13.3%
FUNC First United Corp. 0.77% 58,976 $2.2M No change
Hovnanian 0.77% 105,000 $2.2M No change
RJET Republic Airways Holdings Inc. 0.72% 113,234 $2.0M Add +2.3%
TALO Talos Energy Inc. 0.70% 124,501 $2.0M Reduce -0.9%
JXN Jackson Financial Inc. Class A 0.69% 18,285 $1.9M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.67% 38,548 $1.9M No change
CRM Salesforce Inc. 0.65% 9,769 $1.8M Add +15.6%
CZWI Citizens Community Bancorp I 0.64% 91,347 $1.8M No change
CC The Chemours Co. 0.63% 79,903 $1.8M Reduce -0.2%
WMT Walmart Inc. 0.61% 13,690 $1.7M Add +13.9%
PG The Procter & Gamble Co. 0.60% 11,679 $1.7M Add +11.3%
KMI Kinder Morgan Inc. 0.59% 49,316 $1.7M Reduce -1.7%
DKL Delek Logistics Partners LP 0.59% 33,044 $1.6M No change
ASO Academy Sports & Outdoors Inc. 0.58% 28,946 $1.6M Reduce -1.4%
MMM 3M Co. 0.58% 11,242 $1.6M Add +13.3%
KE Kimball Electronics Inc. 0.57% 67,047 $1.6M Reduce -0.4%
HWBK Hawthorn Bancshares Inc. 0.55% 46,131 $1.6M Reduce -3.4%
RNST Renasant Corp. 0.55% 42,976 $1.6M No change
ETC SUNOCO HOLDINGS LLC filed as SUNOCO INC 0.54% 23,298 $1.5M Reduce -43.3%
COLD Americold Realty Trust Inc. 0.54% 131,454 $1.5M Add +3.8%
CCNE CNB Financial Corp. 0.52% 50,124 $1.5M No change
MRK Merck & Co. Inc. 0.52% 12,053 $1.4M Add +11.8%
PKBK Parke Bancorp Inc. 0.51% 49,941 $1.4M No change
ARCB Arcbest Corp. 0.50% 14,131 $1.4M Reduce -0.1%
FLG Flagstar Bank NA 0.49% 103,964 $1.4M Reduce -4.0%
PEBK Peoples Bancorp of NC 0.49% 34,889 $1.4M No change
FCCO First Community Corp. 0.48% 46,302 $1.4M No change
CIVB Civista Bancshares Inc. 0.48% 59,030 $1.3M No change
EGY Vaalco Energy Inc. 0.47% 206,817 $1.3M No change
PUBM Pubmatic Inc. Class A 0.46% 157,884 $1.3M Add +10.5%
ONB Old National Bancorp 0.45% 56,751 $1.3M No change
XPRO Expro Group Holdings NV 0.45% 72,011 $1.3M Reduce -0.6%
PEBO Peoples Bancorp Inc. 0.43% 36,977 $1.2M No change
CUBI Customers Bancorp Inc. 0.43% 17,405 $1.2M No change
JBLU Jetblue Airways Corp. 0.43% 269,801 $1.2M Add +6.9%
ALRS Alerus Financial Corp. 0.41% 48,999 $1.2M No change
HELE Helen of Troy Ltd. 0.41% 80,274 $1.2M Add +18.1%
NTGR Netgear Inc. 0.41% 52,963 $1.2M Add +10.9%
ORRF Orrstown Finl Services Inc. 0.40% 31,230 $1.1M No change
LZB La-Z-Boy Inc. 0.39% 34,457 $1.1M Reduce -0.6%
HTZ Hertz Global Hldgs Inc. 0.39% 236,935 $1.1M Reduce -1.4%
WHR Whirlpool Corp. 0.36% 18,856 $1.0M Add +5.8%
CSCO Cisco Systems Inc. 0.36% 12,986 $1.0M Add +10.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.36% 10,413 $1.0M Add +14.3%
YELP Yelp Inc. 0.36% 40,394 $999K Add +11.5%
BANC Banc of California Inc. 0.34% 54,227 $953K Reduce -4.8%
XOM Exxon Mobil Corp. 0.34% 5,577 $946K Reduce -4.6%
CLF Cleveland-Cliffs Inc. 0.33% 109,317 $924K Reduce -0.2%
CNXC Concentrix Corp. 0.33% 33,380 $913K New
FRST Primis Financial Corp. 0.32% 68,216 $906K No change
CBRL Cracker Barrel Old Country 0.31% 31,003 $871K Reduce -0.8%
OCFC Oceanfirst Financial Corp. 0.31% 47,839 $863K Reduce -6.6%
WLKP Westlake Chemical Partners L 0.31% 38,942 $860K No change
UBOH United Bancshares Inc. 0.31% 22,302 $860K No change
KO The Coca-Cola Co. 0.30% 10,998 $836K Add +12.9%
FNMA Fannie Mae filed as FEDERAL NATL MTG ASSN 0.29% 113,388 $823K No change
FUSB First US Bancshares Inc. 0.29% 52,872 $809K Reduce -5.3%
ZION Zions Bancorp NA 0.27% 13,244 $763K No change
HOPE Hope Bancorp Inc. 0.27% 68,060 $760K Reduce -3.8%
DB Deutsche Bank AG-Registered 0.26% 24,900 $742K No change
KRNY Kearny Financial Corp. 0.26% 95,575 $722K Reduce -5.5%
CFG Citizens Financial Group 0.25% 11,657 $699K No change
FNWB First Northwest Bancorp 0.25% 79,872 $693K Reduce -6.0%
SLYV SS SPDR S&P 600 SC Val ETF 0.25% 7,311 $691K New
NOBL Proshares S&P 500 Dividend A 0.24% 6,361 $674K No change
VZ Verizon Communications Inc. 0.24% 13,155 $660K Add +8.1%
TBCH Turtle Beach Corp. 0.23% 64,435 $653K Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.22% 959 $624K New
TFC Truist Financial Corp. 0.22% 13,520 $622K No change
CRGY Crescent Energy Inc. Class A 0.22% 44,960 $607K Add +0.1%
FITB Fifth Third Bancorp 0.19% 11,625 $540K No change
NKE Nike Inc. Class B 0.19% 10,053 $531K Add +15.3%
THFF First Financial Corp. 0.18% 8,190 $518K No change
CWBC Community West Bancshares 0.18% 21,906 $510K No change
EBMT Eagle Bancorp Montana Inc. 0.18% 24,043 $495K Reduce -6.9%
UIS Unisys Corp. 0.18% 237,580 $492K Add +35.7%
PAMT Pamt Corp. 0.17% 56,219 $475K Reduce -2.4%
LGIH Lgi Homes Inc. 0.16% 11,149 $441K Reduce -0.2%
HWC Hancock Whitney Corp. 0.14% 6,232 $396K No change
XIFR XPLR Infrastructure LP 0.14% 36,822 $391K Reduce -1.9%
CVBF CVB Financial Corp. 0.12% 17,783 $345K Reduce -10.2%
ORCL Oracle Corp. 0.12% 2,243 $330K Reduce -1.9%
SFBC Sound Financial Bancorp Inc. 0.11% 7,180 $314K No change
WFC Wells Fargo & Co. 0.11% 3,772 $300K No change
INTC Intel Corp. 0.09% 5,865 $259K No change
META Meta Platforms Inc. Class A 0.09% 435 $249K Reduce -8.6%
PFS Provident Financial Services 0.09% 11,563 $245K No change
McDermott Int 0.08% 9,148 $238K New
TIP iShares Tips Bond ETF 0.07% 1,846 $204K Reduce -9.0%
MA Mastercard Inc. Class A 0.07% 400 $200K No change
T AT&T Inc. 0.07% 6,846 $198K New
TLN Talen Energy Corp. 0.07% 609 $194K No change
TSM Taiwan Semiconductor-SP ADR 0.06% 515 $174K Reduce -1.7%
DVN Devon Energy Corp. 0.06% 3,281 $165K Add +8.6%
QCRH QCR Holdings Inc. filed as QCR HLDGS INC 0.05% 1,697 $145K Reduce -23.6%
DOW Dow Inc. filed as DOW HLDGS INC 0.05% 3,472 $145K Reduce -3.0%
AMR Alpha Metallurgical Resource 0.05% 680 $140K No change
PAA Plains All Amer Pipeline LP 0.04% 5,560 $124K No change
FNB FNB Corp. 0.04% 7,068 $118K No change
TPH Tri Pointe Homes Inc. 0.04% 2,467 $115K No change
M Macy's Inc. 0.04% 6,199 $112K No change
CTRA Coterra Energy Inc. 0.04% 3,146 $111K Reduce -34.3%
KTOS Kratos Defense & Security 0.04% 1,500 $106K Reduce -25.0%
GM General Motors Co. 0.04% 1,325 $99K No change
HGTXU Hugoton Royalty Trust 0.04% 370,194 $99K No change
PFE Pfizer Inc. 0.03% 3,368 $95K Reduce -31.7%
GSL Global Ship Lease Inc. Class A 0.03% 2,512 $94K No change
UPS United Parcel Service Class B 0.03% 945 $93K No change
UBER Uber Technologies Inc. 0.03% 1,180 $85K Add +103.5%
AZN Astrazeneca PLC-Spons ADR 0.03% 400 $79K No change
SD Sandridge Energy Inc. 0.03% 4,640 $76K No change
AGRO Adecoagro SA 0.03% 4,880 $73K No change
GNK Genco Shipping & Trading Ltd. 0.02% 3,100 $70K No change
DAC Danaos Corp. 0.02% 607 $68K No change
Star Bulk Carriers 0.02% 2,818 $65K No change
RSG Republic Services Inc. 0.02% 288 $63K New
USB US Bancorp 0.02% 1,210 $63K No change
CCL Carnival Corp. Ltd. 0.02% 2,377 $62K New
SCHG Schwab US Large-Cap Growth 0.02% 2,068 $60K New
SPHR Sphere Entertainment Co. 0.02% 477 $56K No change
F Ford Motor Co. filed as FORD MTR CO 0.02% 4,702 $54K Reduce -26.3%
GASS Stealthgas Inc. 0.02% 5,849 $54K Reduce -0.9%
NFLX Netflix Inc. 0.02% 546 $52K No change
STNG Scorpio Tankers Inc. 0.02% 694 $52K No change
SF Stifel Financial Corp. 0.02% 679 $50K Reduce -0.3%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.02% 1,376 $50K New
VCYT Veracyte Inc. 0.02% 1,510 $49K New
NBR Nabors Industries Ltd. 0.02% 555 $48K New
BKNG Booking Holdings Inc. 0.02% 11 $46K No change
FINV Finvolution Group-ADR 0.02% 9,639 $46K No change
TMHC Taylor Morrison Home Corp. 0.02% 783 $46K No change
EQT Eqt Corp. 0.02% 700 $45K No change
MOMO Hello Group Inc. -SPN ADR 0.02% 7,714 $44K No change
MIND Mind Technology Inc. 0.02% 5,280 $44K No change
Shenandoah Telecommunications 0.02% 2,853 $44K No change
NEM Newmont Corp. 0.02% 400 $43K No change
CRC California Resources Corp. 0.01% 603 $42K No change
CALF PCR US SM CP CSH CWS ETF-Usd 0.01% 898 $40K No change
BANF Bancfirst Corp. 0.01% 360 $39K No change
SFM Sprouts Farmers Market Inc. 0.01% 500 $39K No change
MSFU Direxion Daily MSFT Bull 2X 0.01% 1,638 $38K New
FPI Farmland Partners Inc. 0.01% 3,173 $36K No change
CVGI Commercial Vehicle Group Inc. 0.01% 10,297 $35K No change
BOKF Bok Financial Corporation 0.01% 260 $33K No change
CMRE Costamare Inc. 0.01% 1,924 $33K No change
NEXN Nexxen International Ltd. 0.01% 4,647 $30K New
UNIT Uniti Group LLC Com SHS 0.01% 3,187 $30K Reduce -42.0%
HOG Harley-Davidson Inc. 0.01% 1,468 $30K No change
IRDM Iridium Communications Inc. 0.01% 1,051 $29K No change
RYN Rayonier Inc. 0.01% 1,413 $29K New
EOG EOG Resources Inc. 0.01% 200 $29K No change
JOYY Joyy Inc.-ADR 0.01% 478 $28K No change
TOL Toll Brothers Inc. 0.01% 200 $27K No change
NOG Northern Oil and Gas Inc. 0.01% 929 $27K No change
OPRT Oportun Financial Corp. 0.01% 5,727 $26K New
DKS Dick's Sporting Goods Inc. 0.01% 94 $19K No change
AAL American Airlines Group Inc. 0.01% 1,635 $18K No change
NIC Nicolet Bankshares Inc. 0.01% 117 $17K New
NFE New Fortress Energy Inc. 0.01% 28,495 $17K Reduce -51.5%
COLB Columbia Banking System Inc. 0.01% 594 $16K Add +0.3%
BB&T CORP 0.01% 540 $16K New
MTH Meritage Homes Corp. 0.00% 200 $12K No change
SCHP Schwab U.S. Tips ETF 0.00% 308 $8K No change
UCB United Community Banks 0.00% 220 $7K No change
Other holdings (23): bonds, preferreds, convertibles and warrants · $28.8M (not counted above)
SecurityClassShares / PrincipalValueChange
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 2,905,000$2.8MNo change
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal 1,690,000$2.3MReduce -0.3%
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 48,642$1.9MReduce -2.4%
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 2,055,000$1.9MNew
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 1,790,000$1.8MReduce -0.3%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 1,740,000$1.7MReduce -0.3%
FREDDIE MAC (FMCC 6.55 PERP Y) PREF STK 179,580$1.7MNo change
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 1,695,000$1.7MReduce -0.6%
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal 1,755,000$1.7MNo change
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal 1,785,000$1.6MAdd +53.9%
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal 1,400,000$1.4MNo change
BANC OF CALIFORNIA INC (BANC V7.75 PERP F) NON 13F SECURITY 54,734$1.4MNo change
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 1,227,000$1.3MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,012$1.2MReduce -90.8%
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 1,205,000$1.2MNo change
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) NOTE 2.500% 9/0 · principal 1,000,000$962KNo change
UNTCW Unit Corp.-CW27 WARRANT 142,938$572KNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 500,000$495KNo change
COUPA SOFTWARE INC (COUP 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$481KNo change
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 111,275$254KNo change
FANNIE MAE (FNMA V8.25 PERP S) Preferred Stock 6,000$71KNo change
JACKSON FINANCIAL INC (JXN V8 PERP) PFD 2,200$55KNo change

Total filed on the 13F, all lines: $309.3M.

Portfolio Sells Q4 2025 → Q1 2026
MOFG Midwestone Financial Group I Sold out 0.00% −1.11
AAPL Apple Inc. Reduce -27.5% 1.31% −0.75
EB Eventbrite Inc. Class A Sold out 0.00% −0.38
PFBX Peoples Financial Corp. Sold out 0.00% −0.37
ETC SUNOCO HOLDINGS LLC Reduce -43.3% 0.54% −0.28
CLF Cleveland-Cliffs Inc. Reduce -0.2% 0.33% −0.22
GE General Electric Company Sold out 0.00% −0.18
NMIH Nmi Holdings Inc. Reduce -1.3% 0.85% −0.15
BHF Brighthouse Financial Inc. Reduce -0.3% 0.94% −0.15
KE Kimball Electronics Inc. Reduce -0.4% 0.57% −0.14
TBCH Turtle Beach Corp. Reduce -0.1% 0.23% −0.11
LZB La-Z-Boy Inc. Reduce -0.6% 0.39% −0.10
PAMT Pamt Corp. Reduce -2.4% 0.17% −0.09
GEV GE Vernova Inc. Sold out 0.00% −0.08
HTZ Hertz Global Hldgs Inc. Reduce -1.4% 0.39% −0.08
HWBK Hawthorn Bancshares Inc. Reduce -3.4% 0.55% −0.08
MCDIF McDermott International Ltd. Sold out 0.00% −0.08
BANC Banc of California Inc. Reduce -4.8% 0.34% −0.08
BHRB Burke & Herbert Financial SE Reduce -0.1% 0.96% −0.06
ICVT iShares Convertible Bond ETF Sold out 0.00% −0.06
FNWB First Northwest Bancorp Reduce -6.0% 0.25% −0.06
ORCL Oracle Corp. Reduce -1.9% 0.12% −0.05
OCFC Oceanfirst Financial Corp. Reduce -6.6% 0.31% −0.04
META Meta Platforms Inc. Class A Reduce -8.6% 0.09% −0.03
OKTA Okta Inc. Sold out 0.00% −0.03
FLG Flagstar Bank NA Reduce -4.0% 0.49% −0.03
KRNY Kearny Financial Corp. Reduce -5.5% 0.26% −0.03
GRBK Green Brick Partners Inc. Sold out 0.00% −0.03
LGIH Lgi Homes Inc. Reduce -0.2% 0.16% −0.03
HOPE Hope Bancorp Inc. Reduce -3.8% 0.27% −0.02
TEEKAY CORPORATION Sold out 0.00% −0.02
Barrick Mining Corporation Sold out 0.00% −0.02
KTOS Kratos Defense & Security Reduce -25.0% 0.04% −0.02
NFE New Fortress Energy Inc. Reduce -51.5% 0.01% −0.02
EBMT Eagle Bancorp Montana Inc. Reduce -6.9% 0.18% −0.02
QCRH QCR Holdings Inc. Reduce -23.6% 0.05% −0.02
CVBF CVB Financial Corp. Reduce -10.2% 0.12% −0.02
WING Wingstop Inc. Sold out 0.00% −0.02
MPLX MPLX LP Reduce -1.4% 1.62% −0.02
GEHC GE Healthcare Technology Sold out 0.00% −0.02
BWLP BW LPG Limited Sold out 0.00% −0.02
EXE Expand Energy Corp. Sold out 0.00% −0.01
DIREXION SHS ETF TR Sold out 0.00% −0.01
MBGYY Mercedes-Benz Group-Unsp ADR Sold out 0.00% −0.01
Zim Integrated Shipping Sold out 0.00% −0.01
PFE Pfizer Inc. Reduce -31.7% 0.03% −0.01
AGX Argan Inc. Sold out 0.00% −0.01
F Ford Motor Co. Reduce -26.3% 0.02% −0.01
TIP iShares Tips Bond ETF Reduce -9.0% 0.07% −0.01
CALM Cal-Maine Foods Inc. Sold out 0.00% −0.01

Portfolio Buys Q4 2025 → Q1 2026
SSRM SSR Mining Inc. Add +22384.6% 1.48% +1.48
SUNC Sunococorp LLC New 0.99% +0.99
CAT Caterpillar Inc. Add +13.1% 2.76% +0.66
CNXC Concentrix Corp. New 0.33% +0.33
CVX Chevron Corp. Add +8.8% 1.12% +0.31
SLYV SS SPDR S&P 600 SC Val ETF New 0.25% +0.25
SPY SS SPDR S&P 500 ETF Trust-US New 0.22% +0.22
JNJ Johnson & Johnson Add +11.2% 1.10% +0.21
AMGN Amgen Inc. Add +9.7% 1.82% +0.18
HON Honeywell International Inc. Add +12.4% 0.87% +0.16
GS Goldman Sachs Group Inc. Add +14.4% 3.11% +0.10
WMT Walmart Inc. Add +13.9% 0.61% +0.10
MCD McDonald's Corp. Add +13.0% 1.21% +0.09
MRK Merck & Co. Inc. Add +11.8% 0.52% +0.09
McDermott Int New 0.08% +0.08
HESM Hess Midstream LP Class A Add +1.0% 1.25% +0.08
SHW The Sherwin-Williams Co. Add +15.7% 1.13% +0.08
CRGY Crescent Energy Inc. Class A Add +0.1% 0.22% +0.07
TRV The Travelers Cos Inc. Add +12.9% 1.16% +0.07
T AT&T Inc. New 0.07% +0.07
MCHB Mechanics Bancorp Class A Add +9.9% 1.33% +0.05
VZ Verizon Communications Inc. Add +8.1% 0.24% +0.05
KO The Coca-Cola Co. Add +12.9% 0.30% +0.04
NVDA Nvidia Corp. Add +18.1% 1.10% +0.04
PG The Procter & Gamble Co. Add +11.3% 0.60% +0.03
RSG Republic Services Inc. New 0.02% +0.02
CCL Carnival Corp. Ltd. New 0.02% +0.02
SCHG Schwab US Large-Cap Growth New 0.02% +0.02
HD Home Depot Inc. Add +13.0% 1.34% +0.02
BVN Cia DE Minas Buenaventur-ADR New 0.02% +0.02
VCYT Veracyte Inc. New 0.02% +0.02
NBR Nabors Industries Ltd. New 0.02% +0.02
DVN Devon Energy Corp. Add +8.6% 0.06% +0.02
CSCO Cisco Systems Inc. Add +10.2% 0.36% +0.01
MSFU Direxion Daily MSFT Bull 2X New 0.01% +0.01
UBER Uber Technologies Inc. Add +103.5% 0.03% +0.01
NEXN Nexxen International Ltd. New 0.01% +0.01
RYN Rayonier Inc. New 0.01% +0.01
OPRT Oportun Financial Corp. New 0.01% +0.01
NIC Nicolet Bankshares Inc. New 0.01% +0.01
BB&T CORP New 0.01% +0.01
COLB Columbia Banking System Inc. Add +0.3% 0.01% −0.00
WES Western Gas Equity Partners Add +1.4% 1.00% −0.01
UIS Unisys Corp. Add +35.7% 0.18% −0.01
JBLU Jetblue Airways Corp. Add +6.9% 0.43% −0.01
BA The Boeing Co. Add +13.3% 0.78% −0.02
PUBM Pubmatic Inc. Class A Add +10.5% 0.46% −0.02
MMM 3M Co. Add +13.3% 0.58% −0.02
NKE Nike Inc. Class B Add +15.3% 0.19% −0.02
NTGR Netgear Inc. Add +10.9% 0.41% −0.03

Notes & Other Activity Q4 2025 → Q1 2026
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal Sold out 2,505,000 $3.3Mbefore exit
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal Reduce -0.3% 1,690,000 $2.3M
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF Sold out 27,660 $2.0Mbefore exit
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 Reduce -2.4% 48,642 $1.9M
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal New 2,055,000 $1.9M
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal Reduce -0.3% 1,790,000 $1.8M
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal Reduce -0.3% 1,740,000 $1.7M
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal Reduce -0.6% 1,695,000 $1.7M
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal Add +53.9% 1,785,000 $1.6M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -90.8% 1,012 $1.2M
BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Sold out 500,000 $494Kbefore exit
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 Sold out 172 $17Kbefore 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