Pinnacle 13F annual report

Pinnacle is an investment fund managing more than $221 billion ran by David Poarch. There are currently 204 companies in Mr. Poarch’s portfolio. The largest investments include Spdr Dow Jones Industrial Average and Microsoft, together worth $15.9 billion.

Limited to 30 biggest holdings

$221 billion Assets Under Management (AUM)

As of 6th August 2024, Pinnacle’s top holding is 26,821 shares of Spdr Dow Jones Industrial Average currently worth over $10.5 billion and making up 4.8% of the portfolio value. In addition, the fund holds 12,025 shares of Microsoft worth $5.37 billion, whose value grew 0.1% in the past six months. The third-largest holding is Targa Resources Corp worth $5.08 billion and the next is Unitedhealth Inc worth $4.89 billion, with 9,606 shares owned.

Currently, Pinnacle's portfolio is worth at least $221 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Pinnacle

The Pinnacle office and employees reside in Tulsa, Oklahoma. According to the last 13-F report filed with the SEC, David Poarch serves as the Managing Partner at Pinnacle.

Recent trades

In the most recent 13F filing, Pinnacle revealed that it had opened a new position in Burke Herbert Financial Services and bought 43,278 shares worth $2.21 billion.

The investment fund also strengthened its position in Williams Companies by buying 237 additional shares. This makes their stake in Williams Companies total 82,707 shares worth $3.52 billion.

On the other hand, there are companies that Pinnacle is getting rid of from its portfolio. Pinnacle closed its position in Forum Technologies Inc on 13th August 2024. It sold the previously owned 3,017,000 shares for $2.99 billion. David Poarch also disclosed a decreased stake in Spdr Dow Jones Industrial Average by approximately 0.1%. This leaves the value of the investment at $10.5 billion and 26,821 shares.

One of the smallest hedge funds

The two most similar investment funds to Pinnacle are Christopher J. Hasenberg, Inc and Fsb Premier Wealth Management, Inc. They manage $221 billion and $221 billion respectively.


David Poarch investment strategy

Pinnacle’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Finance — making up 17.1% of the total portfolio value. The fund focuses on investments in the United States as 55.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 20% of the total holdings value. On the other hand, small-cap stocks make up only 5.9% of the portfolio. The average market cap of the portfolio companies is close to $78.6 billion.

The complete list of Pinnacle trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Spdr Dow Jones Industrial Average
9.64%
26,821
$10,490,410,000 4.76%
Microsoft Corporation
1.11%
12,025
$5,374,398,000 2.44%
Targa Resources Corp
1.76%
39,421
$5,076,680,000 2.30%
Unitedhealth Group Inc
1.16%
9,606
$4,891,952,000 2.22%
Oneok Inc.
1.30%
59,460
$4,848,955,000 2.20%
Qcr Holdings
0.86%
80,164
$4,809,827,000 2.18%
Antero Midstream Corp
0.60%
288,893
$4,258,278,000 1.93%
Goldman Sachs Group, Inc.
1.53%
9,334
$4,221,955,000 1.91%
AMGEN Inc.
7.92%
13,316
$4,160,584,000 1.89%
Kinetik Holdings
0.80%
100,301
$4,156,464,000 1.88%
Williams Companies
0.29%
82,707
$3,515,067,000 1.59%
Mplx
0.43%
81,415
$3,467,469,000 1.57%
Home Depot, Inc.
0.94%
10,016
$3,447,908,000 1.56%
Navios Maritime Partners
0.94%
65,554
$3,345,204,000 1.52%
Apple Inc
0.86%
15,610
$3,287,868,000 1.49%
Unit Corp.
0.10%
226,906
$3,329,963,000 1.51%
Alliance Resource Partners
0.21%
131,825
$3,224,440,000 1.46%
Hess Midstream Partners
0.29%
87,143
$3,175,486,000 1.44%
Caterpillar Inc.
1.50%
9,531
$3,174,776,000 1.44%
Energy Transfer
0.02%
190,211
$3,085,226,000 1.40%
Genesis Energy
0.35%
208,934
$2,989,846,000 1.36%
Forum Energy Technologies Inc
Closed
3,017,000
$2,988,339,000
Western Midstream Partners
0.45%
68,662
$2,727,941,000 1.24%
Mcdonald's
1.38%
10,355
$2,638,868,000 1.20%
HomeStreet Inc
1.11%
222,686
$2,538,620,000 1.15%
Jpmorgan
0.89%
12,407
$2,509,440,000 1.14%
Visa Inc
1.18%
9,357
$2,455,932,000 1.11%
Jetblue Airways Corp
Closed
2,745,000
$2,396,170,000
Enterprise Products Partners
0.93%
81,409
$2,359,233,000 1.07%
Summit Financial Group Inc
Closed
86,002
$2,335,801,000
Equitrans Midstream Corporation
1.45%
175,241
$2,274,630,000 1.03%
Burke Herbert Financial Services
Opened
43,278
$2,206,292,000 1.00%
Sb Financial Group
0.20%
157,393
$2,203,501,000 1.00%
Salesforce.com
1.67%
8,512
$2,188,435,000 0.99%
Amazon.com Inc.
0.04%
11,290
$2,181,793,000 0.99%
Microstrategy Inc.
Closed
500,000
$2,142,500,000
Chevron Corp.
0.20%
13,533
$2,116,832,000 0.96%
American Express Co.
2.62%
9,106
$2,108,494,000 0.96%
Honeywell International Inc
1.14%
9,722
$2,076,036,000 0.94%
NMI Holdings Inc
0.72%
60,645
$2,064,356,000 0.94%
Enlink Midstream LLC
1.49%
149,078
$2,051,317,000 0.93%
Procter Gamble
0.92%
12,084
$1,992,893,000 0.90%
International Business Machines Corp.
0.60%
10,901
$1,885,328,000 0.85%
Travelers Companies Inc.
1.54%
9,267
$1,884,352,000 0.85%
Argan, Inc.
0.58%
25,470
$1,863,385,000 0.84%
The Boeing Company
1.40%
10,211
$1,858,504,000 0.84%
Citigroup Inc
0.09%
29,083
$1,845,607,000 0.84%
Brighthouse Financial, Inc.
1.58%
42,535
$1,843,467,000 0.84%
Midwest One Financial Group
3.55%
81,821
$1,840,154,000 0.83%
Wisdomtree Investments Inc
Closed
1,750,000
$1,838,078,000
Johnson Johnson
0.58%
12,408
$1,813,553,000 0.82%
Vishay Intertechnology, Inc.
Closed
1,820,000
$1,795,758,000
Zillow Group Inc
Closed
1,660,000
$1,750,868,000
Mdc Holdings
Closed
26,659
$1,677,118,000
Shake Shack Inc
Closed
1,809,000
$1,652,992,000
Jackson Financial
Opened
24,585
$1,680,152,000 0.76%
Cheesecake Factory Inc.
Closed
1,765,000
$1,567,982,000
Bank of America Corporation
0.03%
39,724
$2,772,062,000 1.26%
Academy Sports Outdoors
9.06%
28,876
$1,537,647,000 0.70%
New York Community Bancorp Inc.
0.19%
179,357
$1,948,813,000 0.88%
Cleveland-Cliffs Inc
5.84%
98,951
$1,522,856,000 0.69%
Talos Energy Inc
2.50%
122,934
$1,493,648,000 0.68%
Expro Group Holdings
0.10%
64,433
$1,476,808,000 0.67%
Amg Capital
0.51%
29,260
$1,464,987,000 0.66%
ArcBest Corp
11.55%
13,539
$1,449,756,000 0.66%
Jackson Financial
Closed
24,585
$1,507,342,000
Merck Co
1.27%
11,299
$1,398,816,000 0.63%
Jetblue Airways Corp
2.15%
229,424
$1,397,192,000 0.63%
Kimball Electronics Inc
0.11%
63,034
$1,385,487,000 0.63%
New Fortress Energy LLC
16.23%
62,840
$1,381,223,000 0.63%
Ishares Msci Emerging Markets Etf
Opened
22,135
$1,310,392,000 0.59%
VAALCO Energy, Inc.
No change
205,117
$1,286,084,000 0.58%
EZCorp, Inc.
Closed
1,621,000
$1,643,264,000
Banc of California Inc
0.03%
78,807
$1,565,070,000 0.71%
Yelp Inc
5.06%
32,905
$1,215,840,000 0.55%
First United Corporation
0.10%
59,206
$1,208,987,000 0.55%
LCI Industries
Closed
1,230,000
$1,204,877,000
Eventbrite Inc
Opened
233,636
$1,130,798,000 0.51%
First Bancshares
0.15%
43,151
$1,121,063,000 0.51%
Nextera Energy Partners
2.54%
40,365
$1,115,689,000 0.51%
Peoples Bancorp
0.24%
37,091
$1,112,739,000 0.50%
Peoples Financial Corporation
No change
68,588
$1,106,324,000 0.50%
Innoviva Inc
Closed
1,240,000
$1,086,525,000
La-Z-Boy Inc.
0.59%
28,993
$1,080,859,000 0.49%
Delek Logistics Partners
0.53%
26,449
$1,070,656,000 0.49%
Citizens Community Bancorp
0.09%
91,580
$1,059,581,000 0.48%
Datadog Inc
Closed
750,000
$1,056,750,000
Mesa Air Group Inc.
13.74%
608,195
$1,040,013,000 0.47%
ESSA Bancorp Inc
1.68%
58,656
$1,031,759,000 0.47%
Zscaler Inc
Closed
750,000
$1,021,838,000
Peoples Bancorp Of Nc
No change
34,889
$1,018,759,000 0.46%
Old National Bancorp
0.32%
56,751
$975,550,000 0.44%
Kinder Morgan Inc
0.21%
48,897
$971,585,000 0.44%
Hawthorn Bancshares Inc
0.12%
47,764
$945,726,000 0.43%
3M Co.
1.55%
9,206
$940,761,000 0.43%
Westlake Chemical Partners
0.05%
41,512
$937,339,000 0.42%
Vital Energy
3.87%
20,703
$927,908,000 0.42%
Walt Disney
1.59%
9,311
$924,489,000 0.42%
Civista Bancshares Inc
0.19%
59,030
$914,375,000 0.41%
Wal-mart Stores
2.74%
13,324
$902,189,000 0.41%
HMN Financial Inc.
No change
39,200
$897,288,000 0.41%
Pam Transporation Services
4.34%
51,190
$889,170,000 0.40%
Parke Bancorp Inc
No change
50,192
$873,341,000 0.40%
Nike, Inc.
Closed
9,226
$867,059,000
Codorus Bancorp
0.29%
35,860
$862,081,000 0.39%
Turtle Beach Corp
0.47%
60,036
$860,916,000 0.39%
Customers Bancorp
0.20%
17,460
$837,731,000 0.38%
OceanFirst Financial Corp.
0.17%
51,408
$816,873,000 0.37%
First Community Corp.
0.46%
46,850
$808,163,000 0.37%
LGI Homes Inc
28.03%
8,884
$795,029,000 0.36%
Hertz Global Holdings Inc.
59.79%
325,509
$1,040,210,000 0.47%
Netgear Inc
4.96%
51,035
$780,836,000 0.35%
Hope Bancorp Inc
0.13%
70,972
$762,239,000 0.35%
Freddie Mac
0.14%
634,808
$1,332,878,000 0.60%
Primis Financial
0.24%
68,459
$717,450,000 0.33%
Superior Industries International, Inc.
13.74%
208,783
$678,544,000 0.31%
The Coca-cola Company
0.22%
10,646
$677,618,000 0.31%
Cisco Systems, Inc.
0.02%
14,096
$669,701,000 0.30%
Exxon Mobil Corp.
2.64%
5,792
$666,798,000 0.30%
Unisys Corp.
5.10%
148,016
$611,306,000 0.28%
Spdr Sp 600 Small Cap Value Etf
2.60%
7,741
$606,198,000 0.27%
Dow Inc
0.33%
11,279
$598,351,000 0.27%
Zions Bancorp
0.41%
13,244
$574,392,000 0.26%
Verizon Communications Inc
0.10%
13,232
$545,688,000 0.25%
NextEra Energy Inc
No change
7,435
$526,472,000 0.24%
Truist Financial Corporation
No change
13,520
$525,252,000 0.24%
First US Bancshares Inc
0.24%
56,111
$519,027,000 0.24%
Oracle Corp.
7.96%
3,423
$483,328,000 0.22%
Coupa Software Inc
Closed
500,000
$477,038,000
Five9 Inc
Closed
500,000
$470,650,000
Cloudfare
Closed
500,000
$468,000,000
Okta Inc
Closed
500,000
$458,000,000
BlackLine Inc
Closed
500,000
$452,408,000
Intel Corp.
1.03%
14,417
$446,494,000 0.20%
Central Valley Community Bancorp
Closed
21,906
$435,710,000
United Bancshares
0.25%
22,802
$428,678,000 0.19%
Bill.com Holdings
Closed
500,000
$427,500,000
Citizens Financial Group, Inc.
0.91%
11,787
$424,686,000 0.19%
Fifth Third Bancorp
No change
11,625
$424,196,000 0.19%
Community West Bancshares.
Opened
21,906
$405,261,000 0.18%
Deutsche Bank
No change
24,900
$396,906,000 0.18%
Sterling Bancorp Inc
0.36%
75,594
$395,357,000 0.18%
Eagle Bancorp Montana Inc
0.27%
25,984
$344,808,000 0.16%
Sounds Financial Banc
0.53%
7,709
$335,342,000 0.15%
Ishares Msci Eafe Index Fund
Opened
3,996
$313,007,000 0.14%
The First Financial
0.75%
8,190
$302,055,000 0.14%
Hancock Whitney Corp.
0.40%
6,232
$298,077,000 0.14%
Alpha Metallurgical Resources
2.21%
1,062
$297,951,000 0.14%
General Electric Company
Opened
1,770
$281,317,000 0.13%
Proshares Sp 500 Dividend Aristocrat Etf
No change
2,621
$251,933,000 0.11%
Mamamancini's Holdings
Closed
48,000
$240,000,000
Wells Fargo
7.14%
3,838
$227,939,000 0.10%
GrafTech International Ltd.
1.17%
209,902
$203,605,000 0.09%
Mastercard Incorporated
No change
456
$201,169,000 0.09%
Ishares Barclays Tips Bond
No change
1,841
$196,626,000 0.09%
Palantir Technologies Inc.
375.00%
7,600
$192,508,000 0.09%
American Airlines Group Inc
No change
16,546
$187,466,000 0.08%
Pfizer Inc.
No change
6,507
$182,066,000 0.08%
Hugoton Royalty Trust
No change
369,194
$180,905,000 0.08%
Lakeland Bancorp, Inc.
Closed
13,895
$168,130,000
Providient Financial Services
Opened
11,562
$165,918,000 0.08%
Devon Energy Corp.
2.95%
3,486
$165,236,000 0.07%
Federal National Mortgage Association
No change
102,988
$147,273,000 0.07%
CVB Financial Corp.
No change
7,803
$134,524,000 0.06%
Ishares Convertible Bond Etf
No change
1,693
$133,158,000 0.06%
Lockheed Martin Corp.
Opened
275
$128,453,000 0.06%
Invesco Nasdaq 100 Trust
Opened
246
$117,861,000 0.05%
Encore Wire Corp.
No change
400
$115,932,000 0.05%
Altria Group Inc.
Closed
2,319
$101,155,000
Plains All American Pipeline
No change
5,612
$100,230,000 0.05%
F.N.B. Corp.
No change
7,068
$96,690,000 0.04%
Republic Services, Inc.
Opened
497
$96,587,000 0.04%
McDermott International, Inc.
94.43%
388,010
$95,560,000 0.04%
Sandridge Energy Inc
No change
7,140
$92,320,000 0.04%
Bunge Ltd
No change
832
$88,833,000 0.04%
Taiwan Semiconductor Manufacturing
No change
500
$86,905,000 0.04%
Costamare Inc
Opened
5,230
$85,929,000 0.04%
Ford Motor Co.
0.12%
6,705
$84,080,000 0.04%
Plains Gp Holdings
No change
4,450
$83,749,000 0.04%
Teekay Tankers Ltd
0.60%
1,166
$80,232,000 0.04%
Microchip Technology, Inc.
Closed
850
$76,254,000
Jp Morgan Equity Premium Income
10.37%
1,330
$75,384,000 0.03%
Ardmore Shipping Corp
0.83%
3,213
$72,389,000 0.03%
United Parcel Service, Inc.
11.76%
525
$71,846,000 0.03%
Sprouts Farmers Market Inc
97.56%
840
$70,274,000 0.03%
Teekay Corp
0.16%
7,627
$68,414,000 0.03%
Globalx Superdividend Etf
No change
3,895
$67,189,000 0.03%
Genco Shipping Trading
No change
3,000
$63,930,000 0.03%
Astrazeneca
11.11%
800
$62,392,000 0.03%
Aercap Holdings Nv
Opened
629
$58,623,000 0.03%
International Seaways Inc
Opened
988
$58,420,000 0.03%
A T T
No change
3,054
$58,362,000 0.03%
American Airlines
Closed
50,000
$58,057,000
Uber Technologies Inc
Closed
754
$58,050,000
Bread Financial Holdings Inc
No change
1,261
$56,190,000 0.03%
Danaos Corporation
No change
594
$54,862,000 0.02%
Barclays plc
0.65%
5,063
$54,225,000 0.02%
StealthGas Inc
No change
7,049
$51,810,000 0.02%
Rayonier Advanced Materials Inc
No change
9,295
$50,565,000 0.02%
Enact Holdings Inc
Closed
1,569
$48,921,000
Ranger Energy Services Inc
18.83%
4,575
$48,129,000 0.02%
Enact Holdings Inc
Opened
1,563
$47,922,000 0.02%
Dicks Sporting Goods, Inc.
Opened
215
$46,193,000 0.02%
Tenaris Sa
Opened
1,339
$40,866,000 0.02%
Iridium Communications Inc
No change
1,528
$40,675,000 0.02%
Pacer Us Small Cap Cash Cows
19.73%
898
$39,117,000 0.02%
Hallador Energy Co
Opened
5,027
$39,060,000 0.02%
Piedmont Office Realty Trust Inc
No change
5,345
$38,751,000 0.02%
Brandywine Realty Trust
No change
8,447
$37,843,000 0.02%
Vermilion Energy Inc
Opened
3,176
$34,968,000 0.02%
Baidu Inc
Opened
399
$34,506,000 0.02%
Financial Sector Spdr
Closed
810
$34,117,000
Direxion Daily Sp 500 Bull 3x
Opened
220
$32,135,000 0.01%
Bancfirst Corp.
Opened
360
$31,572,000 0.01%
Toast, Inc.
1.53%
1,222
$31,491,000 0.01%
Fannie Mae
No change
6,000
$30,780,000 0.01%
BOK Financial Corp.
Opened
322
$29,508,000 0.01%
The New York Times Company
Closed
661
$28,568,000
Bank OZK
Closed
625
$28,413,000
TAT Technologies Ltd.
Closed
2,346
$28,410,000
Moody's Corp
Opened
65
$27,360,000 0.01%
Pinterest Inc
Opened
609
$26,839,000 0.01%
Jp Morgan Chase Alerian Etn
Closed
929
$26,467,000
EOG Resources, Inc.
No change
210
$26,433,000 0.01%
Itron Inc.
No change
266
$26,323,000 0.01%
Marathon Oil Corporation
Closed
881
$24,968,000
Toll Brothers Inc.
Opened
200
$23,036,000 0.01%
Schneider Natl
Closed
1,000
$22,640,000
Smartsheet Technologies
Opened
501
$22,084,000 0.01%
Direxion Daily Emerging Markets 3x Bull
Opened
657
$21,458,000 0.01%
Sea Ltd
Closed
394
$21,162,000
Dr Horton
No change
150
$21,140,000 0.01%
Southwestern Energy Company
No change
3,000
$20,190,000 0.01%
Kratos Defense Security Solutions
No change
1,000
$20,010,000 0.01%
Uniti Group Inc
9.94%
6,300
$18,396,000 0.01%
Meritage Homes Corp.
Opened
100
$16,185,000 0.01%
Hawaiian Holdings, Inc.
No change
1,231
$15,301,000 0.01%
Caredx Inc
Closed
1,292
$13,682,000
Berkshire Hills Bancorp Inc.
No change
540
$12,312,000 0.01%
Columbia Banking System, Inc.
No change
592
$11,775,000 0.01%
Schwab Us Tips Etf
Closed
202
$10,536,000
EZCorp, Inc.
No change
1,000
$10,470,000 0.00%
Macy's
No change
400
$7,680,000 0.00%
United Community Banks Inc
Opened
220
$5,601,000 0.00%
Ambac Financial
No change
197
$2,526,000 0.00%
McDermott International, Inc.
Closed
137,638
$137,000
No transactions found
Showing first 500 out of 246 holdings