Pinnbrook Capital Management LP In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Pinnbrook Capital Management LP reported 37 stock positions worth $154.9 million . Its top holding was Primo Brands (PRMB) at 11.0% of the portfolio, followed by Woodward (WWD, 7.5% ) and Heico (HEI, 6.9% ). Compared with Q4 2024, it opened 21 new positions, sold out of 49, added to 4 and reduced 12. The biggest buy was Primo Brands (PRMB, shares +67% ) and the biggest sale an exit from Live Nation Entertainment (LYV).
Location NEW YORK, NY
CIK 0001856103
Portfolio Value $154.9M (Q1 2025) Holdings 37 stocks · $154.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 PRMB Primo Brands Corp. 482,252 $17.1M Add +66.7% WWD Woodward Inc. 63,994 $11.7M New HEI Heico Corp. 40,199 $10.7M New TDG Transdigm Group Inc. 6,248 $8.6M New WTW Willis Towers Watson PLC 23,829 $8.1M Add +90.7% WMB Williams Cos Inc. 130,556 $7.8M Reduce -12.4% KMI Kinder Morgan Inc. 212,834 $6.1M New NFLX Netflix Inc. 6,483 $6.0M New TRP TC Energy Corp. 125,522 $5.9M Reduce -34.4% GFL GFL Environmental Inc.-Sub VT 121,675 $5.9M New FTI Technipfmc PLC 181,449 $5.8M Reduce -47.5% NFG National Fuel Gas Co. 70,494 $5.6M New HWM Howmet Aerospace Inc. 37,577 $4.9M New BA The Boeing Co. 28,440 $4.9M Add +2.6% WAB Wabtec Corp. 25,063 $4.5M Reduce -20.6% AER Aercap Holdings NV 39,469 $4.0M New PGR Progressive Corp. 12,378 $3.5M New TTWO Take-Two Interactive Softwre 14,047 $2.9M New BURL Burlington Stores Inc. 12,148 $2.9M Reduce -42.1% NTRA Natera Inc. 20,100 $2.8M New SPOT Spotify Technology SA 4,224 $2.3M Reduce -36.1% T AT&T Inc. 79,589 $2.3M Reduce -82.1% EQT Eqt Corp. 37,885 $2.0M Add +342.0% EVRG Evergy Inc. 29,203 $2.0M New TXNM TXNM Energy Inc. 37,351 $2.0M New SAP Sap SE-Sponsored ADR 7,370 $2.0M Reduce -49.5% PNR Pentair PLC 21,380 $1.9M Reduce -35.8% NI Nisource Inc. 43,823 $1.8M New TJX TJX Companies Inc. filed as TJX COS INC NEW 11,049 $1.3M New AEP American Electric Power 11,850 $1.3M New EXC Exelon Corp. 28,095 $1.3M New GEV GE Vernova Inc. 3,322 $1.0M Reduce -81.0% DTM DT Midstream Inc. 10,390 $1.0M New GE General Electric filed as GE AEROSPACE 5,002 $1.0M New BCS Barclays PLC-Spons ADR 62,694 $963K New TMQ Trilogy Metals Inc. 360,728 $559K Reduce -31.9% EXE Expand Energy Corp. 4,466 $497K Reduce -94.4%
Options reported separately and not counted above: GE calls ($43.5M), HYG puts ($39.4M), EXE calls ($24.8M), TJX calls ($24.7M), NTRA calls ($21.9M), BA calls ($21.5M), EMBJ calls ($20.1M), GEO calls ($20.0M), BABA calls ($19.8M), EQT calls ($19.3M), T calls ($17.0M), FCX calls ($15.1M), and 6 more.
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ LYV Live Nation Entertainment Inc. Sold out 0.00% −2.89 EXE Expand Energy Corp. Reduce -94.4% 0.32% −2.47 EMBJ Embraer SA-Spon ADR Sold out 0.00% −2.46 APO Apollo Global Management Inc. Sold out 0.00% −2.32 DLR Digital Realty Trust Inc. Sold out 0.00% −2.17 WMT Walmart Inc. Sold out 0.00% −2.14 ANET Arista Networks Inc. Sold out 0.00% −2.11 T AT&T Inc. Reduce -82.1% 1.45% −2.10 ROST Ross Stores Inc. Sold out 0.00% −2.06 CRM Salesforce Inc. Sold out 0.00% −1.95 TSLA Tesla Inc. Sold out 0.00% −1.89 BWXT BWX Technologies Inc. Sold out 0.00% −1.84 LPLA LPL Financial Holdings Inc. Sold out 0.00% −1.75 TEVA Teva Pharmaceutical-SP ADR Sold out 0.00% −1.74 KBE SS SPDR S&P Bank ETF Sold out 0.00% −1.74 EXPE Expedia Group Inc. Sold out 0.00% −1.74 CNK Cinemark Holdings Inc. Sold out 0.00% −1.73 RDDT Reddit Inc. Class A Sold out 0.00% −1.72 FWONK Liberty Media Corp. Class C Sold out 0.00% −1.71 GEO The Geo Group Inc. Sold out 0.00% −1.70 DAL Delta Air Lines Inc. Sold out 0.00% −1.61 META Meta Platforms Inc. Class A Sold out 0.00% −1.58 KKR KKR & Co. Inc. Sold out 0.00% −1.54 VIK Viking Holdings Ltd. Sold out 0.00% −1.52 TAC Transalta Corp. Sold out 0.00% −1.47 FDX FedEx Corp. Sold out 0.00% −1.41 CLS Celestica Inc. Sold out 0.00% −1.40 MMM 3M Co. Sold out 0.00% −1.40 FLUT Flutter Entertainment PLC-Di Sold out 0.00% −1.39 UNP Union Pacific Corp. Sold out 0.00% −1.39 CYBR Cyberark Software Ltd./Israel Sold out 0.00% −1.39 APP AppLovin Corp. Class A Sold out 0.00% −1.38 GEV GE Vernova Inc. Reduce -81.0% 0.65% −1.37 ASHR Xtrackers Harvest Csi 300 CH Sold out 0.00% −1.35 KBR KBR Inc. Sold out 0.00% −1.24 CW Curtiss-Wright Corp. Sold out 0.00% −1.16 CORZ Core Scientific Inc. Sold out 0.00% −1.14 UAL United Airlines Holdings Inc. Sold out 0.00% −1.11 RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −1.11 PLTR Palantir Technologies Inc. Class A Sold out 0.00% −1.08 NOW ServiceNow Inc. Sold out 0.00% −1.04 MSGE Madison Square Garden Entert Sold out 0.00% −1.00 COHR Coherent Corp. Sold out 0.00% −0.71 FTAI Ftai Aviation Ltd. Sold out 0.00% −0.69 ALK Alaska Air Group Inc. Sold out 0.00% −0.61 NVDA Nvidia Corp. Sold out 0.00% −0.53 MRVL Marvell Technology Inc. Sold out 0.00% −0.52 CCL Carnival Corp. Sold out 0.00% −0.42 AR Antero Resources Corp. Sold out 0.00% −0.35 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.34
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ PRMB Primo Brands Corp. Add +66.7% 11.05% +7.92 WWD Woodward Inc. New 7.54% +7.54 HEI Heico Corp. New 6.93% +6.93 TDG Transdigm Group Inc. New 5.58% +5.58 KMI Kinder Morgan Inc. New 3.92% +3.92 NFLX Netflix Inc. New 3.90% +3.90 WTW Willis Towers Watson PLC Add +90.7% 5.20% +3.82 GFL GFL Environmental Inc.-Sub VT New 3.79% +3.79 NFG National Fuel Gas Co. New 3.60% +3.60 HWM Howmet Aerospace Inc. New 3.15% +3.15 AER Aercap Holdings NV New 2.60% +2.60 PGR Progressive Corp. New 2.26% +2.26 TTWO Take-Two Interactive Softwre New 1.88% +1.88 NTRA Natera Inc. New 1.83% +1.83 BA The Boeing Co. Add +2.6% 3.13% +1.41 EVRG Evergy Inc. New 1.30% +1.30 TXNM TXNM Energy Inc. New 1.29% +1.29 EQT Eqt Corp. Add +342.0% 1.31% +1.17 NI Nisource Inc. New 1.13% +1.13 TJX TJX Companies Inc. New 0.87% +0.87 AEP American Electric Power New 0.84% +0.84 EXC Exelon Corp. New 0.84% +0.84 DTM DT Midstream Inc. New 0.65% +0.65 GE General Electric New 0.65% +0.65 BCS Barclays PLC-Spons ADR New 0.62% +0.62
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ AMZN Amazon.com Inc. call Sold out 291,300 $63.9Mbefore exit NVDA Nvidia Corp. call Sold out 470,000 $63.1Mbefore exit META Meta Platforms Inc. Class A call Sold out 90,000 $52.7Mbefore exit GE General Electric call New 217,300 $43.5M TSM Taiwan Semiconductor-SP ADR put Sold out 200,000 $39.5Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Reduce -75.6% 500,000 $39.4M AVGO Broadcom Inc. call Sold out 145,000 $33.6Mbefore exit TSM Taiwan Semiconductor-SP ADR call Sold out 157,500 $31.1Mbefore exit CRM Salesforce Inc. call Sold out 87,500 $29.3Mbefore exit HOOD Robinhood Markets Inc. Class A call Sold out 670,000 $25.0Mbefore exit DAL Delta Air Lines Inc. call Sold out 410,000 $24.8Mbefore exit EXE Expand Energy Corp. call New 222,400 $24.8M TJX TJX Companies Inc. call New 202,500 $24.7M CCL Carnival Corp. call Sold out 950,000 $23.7Mbefore exit ALK Alaska Air Group Inc. call Sold out 350,000 $22.7Mbefore exit NTRA Natera Inc. call New 155,000 $21.9M BA The Boeing Co. call New 126,000 $21.5M EMBJ Embraer SA-Spon ADR call New 435,000 $20.1M GEO The Geo Group Inc. call New 685,000 $20.0M BABA Alibaba Group Holding-SP ADR call New 150,000 $19.8M APO Apollo Global Management Inc. call Sold out 120,000 $19.8Mbefore exit EQT Eqt Corp. call Add +18.5% 360,900 $19.3M COF Capital One Financial Corp. call Sold out 102,400 $18.3Mbefore exit XYZ Block Inc. put Sold out 207,500 $17.6Mbefore exit ASHR Xtrackers Harvest Csi 300 CH call Sold out 653,500 $17.3Mbefore exit T AT&T Inc. call New 600,000 $17.0M UAL United Airlines Holdings Inc. call Sold out 170,000 $16.5Mbefore exit FCX Freeport-McMoran Inc. call New 400,000 $15.1M KKR KKR & Co. Inc. call Sold out 100,000 $14.8Mbefore exit SMH Vaneck Semiconductor ETF put New 58,800 $12.4M MRVL Marvell Technology Inc. put New 187,400 $11.5M PNR Pentair PLC call Sold out 100,000 $10.1Mbefore exit WAB Wabtec Corp. call Sold out 50,000 $9.5Mbefore exit TRP TC Energy Corp. call New 200,000 $9.4M CORZ Core Scientific Inc. call Sold out 670,000 $9.4Mbefore exit KWEB Kranesh Csi China Internet put New 250,000 $8.7M F Ford Motor Co. put New 700,000 $7.0M WMT Walmart Inc. call Sold out 60,000 $5.4Mbefore exit AMD Advanced Micro Devices put New 50,000 $5.1M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 88 $601.0M CSX, KGS, JBL, NTRA, WAB Q1 2026 33 $122.4M MTZ, KGS, CW, SLB, LRCX Q4 2025 84 $386.8M IEF, CHRW, RBC, XLV, AME Q3 2025 115 $540.5M CHRW, MSFT, META, MLM, SPOT Q2 2025 69 $382.0M ORCL, PRMB, PGR, CW, HAS Q1 2025 37 $154.9M PRMB, WWD, HEI, TDG, WTW Q4 2024 65 $285.0M T, FTI, TRP, PRMB, LYV Q3 2024 64 $331.0M MMM, WAB, CRS, FLUT, MAR Q2 2024 48 $331.3M AMZN, AAPL, TDG, OLED, COHR Q1 2024 78 $578.3M MSFT, NVDA, AMZN, NVT, BLDR