13F HOLDINGS REPORT

Pinnacle Holdings, LLC

Quarter ended Q4 2023 · Filed November 14, 2023 · Accession 0001411784-23-000008

Total Value

$213.4M

Positions

202

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (202)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR Dow Jones Industrial Average	DIA	33,179	$11.1M	5.21%
2	UnitedHealth Group	UNH	10,404	$5.2M	2.46%
3	Unit Corp	UNTCW	90,305	$4.9M	2.31%
4	QCR Holdings	QCRH	84,819	$4.1M	1.93%
5	Amgen	AMGN	15,227	$4.1M	1.92%
6	Microsoft Corporation	MSFT	12,630	$4.0M	1.87%
7	ONEOK	OKE	58,190	$3.7M	1.73%
8	Targa Resources Corp	TRGP	41,627	$3.6M	1.67%
9	Williams Companies	969457100	105,743	$3.6M	1.67%
10	Antero Midstream	AM	283,432	$3.4M	1.59%
11	The Goldman Sachs Group	GSCE	10,308	$3.3M	1.56%
12	The Home Depot	HD	10,995	$3.3M	1.56%
13	Kinetik Holdings	KNTK	97,211	$3.3M	1.54%
14	Apple	AAPL	17,333	$3.0M	1.39%
15	McDonald's	MCD	11,232	$3.0M	1.39%
16	Caterpillar	CAT	10,437	$2.8M	1.33%
17	MPLX	MPLXP	78,521	$2.8M	1.31%
18	Alliance Resource Partners	ARLP	122,164	$2.8M	1.29%
19	Forum Energy Technologies	FET	2,572,000	$2.5M	1.18%
20	Hess Midstream Partners	HESM	84,136	$2.5M	1.15%
21	Chevron Corporation	CVX	14,346	$2.4M	1.13%
22	Visa	V	10,176	$2.3M	1.10%
23	SB Financial Group	SBFG	163,928	$2.2M	1.04%
24	Jetblue Airways	JBLU	2,795,000	$2.2M	1.01%
25	The Boeing Company	BA-PA	11,196	$2.1M	1.01%
26	Enterprise Products Partners	293792107	76,688	$2.1M	0.98%
27	Genesis Energy	GEL	196,930	$2.0M	0.95%
28	Brighthouse Financial	10922n103	40,410	$2.0M	0.93%
29	Johnson & Johnson	JNJ	12,580	$2.0M	0.92%
30	Summit Financial Group	86606g101	86,452	$1.9M	0.91%
31	Honeywell International	438516106	10,543	$1.9M	0.91%
32	JPMorgan	VYLD	13,205	$1.9M	0.90%
33	salesforce.com	CRM	9,410	$1.9M	0.89%
34	Vishay Intertechnology	VSH	1,880,000	$1.9M	0.89%
35	Wal-Mart Stores	WMT	11,452	$1.8M	0.86%
36	Talos Energy	TALO	110,860	$1.8M	0.85%
37	EnLink Midstream	29336t100	147,938	$1.8M	0.85%
38	Western Midstream Partners	WES	64,969	$1.8M	0.83%
39	NMI Holdings	NMIH	64,895	$1.8M	0.82%
40	Zillow Group	Z	1,705,000	$1.8M	0.82%
41	Procter & Gamble	742718109	11,856	$1.7M	0.81%
42	WisdomTree Investments	WT	1,770,000	$1.7M	0.81%
43	Energy Transfer	ET-PI	122,415	$1.7M	0.80%
44	The Travelers Companies	TRV	10,254	$1.7M	0.78%
45	Earthstone Energy	27032d304	81,165	$1.6M	0.77%
46	Kimball Electronics	KE	59,630	$1.6M	0.76%
47	Greenbriar	393657AK7	1,655,000	$1.6M	0.76%
48	Homestreet	43785u102	206,535	$1.6M	0.75%
49	IBM	INTR	11,293	$1.6M	0.74%
50	Sprouts Farmers Market	85208M102	36,717	$1.6M	0.74%
51	Equitrans Midstream Corporation	294600101	163,906	$1.5M	0.72%
52	American Express Company	AXP	10,216	$1.5M	0.71%
53	Cleveland-Cliffs	CLF	96,053	$1.5M	0.70%
54	AMG Capital Trust II	AMGN	30,500	$1.5M	0.70%
55	Navios Maritime Partners	y62267102	64,433	$1.5M	0.70%
56	The Cheesecake Factory	CAKE	1,785,000	$1.5M	0.70%
57	MidWest One Financial Group	598511103	72,415	$1.5M	0.69%
58	New York Community Bancorp	64944p307	39,300	$1.4M	0.67%
59	Alpha Metallurgical Resources	020764106	5,489	$1.4M	0.67%
60	Expro Group Holdings	n3144w105	59,347	$1.4M	0.65%
61	Shake Shack	SHAK	1,849,000	$1.4M	0.64%
62	New Fortress Energy	NFE	40,200	$1.3M	0.62%
63	New York Community Bancorp	649445103	115,675	$1.3M	0.61%
64	Academy Sports & Outdoors	ASO	27,572	$1.3M	0.61%
65	Arcbest	ARCB	12,676	$1.3M	0.60%
66	Merck	MRK	12,145	$1.3M	0.59%
67	EZCorp	EZPW	1,356,000	$1.2M	0.58%
68	Yelp	YELP	29,820	$1.2M	0.58%
69	Bank of America Preferred	060505682	1,087	$1.2M	0.57%
70	LCI Industries	501812AB7	1,290,000	$1.2M	0.56%
71	Citigroup	C-PR	29,269	$1.2M	0.56%
72	MDC Holdings	552676108	28,492	$1.2M	0.55%
73	First Bancshares	318916103	43,376	$1.2M	0.55%
74	Argan	AGX	24,746	$1.1M	0.53%
75	Bank of America	060505104	38,501	$1.1M	0.49%
76	First United Corp	FUNC	64,396	$1.0M	0.49%
77	Delek Logistics Partners	DKL	24,458	$1.0M	0.48%
78	Citizens Community Bancorp	CIA	101,996	$979,162	0.46%
79	Nike	NKE	10,035	$959,547	0.45%
80	3M	MMM	10,181	$953,145	0.45%
81	Peoples Bancorp	PEBO	37,397	$949,133	0.44%
82	La-Z-Boy	LZB	30,377	$938,042	0.44%
83	Civista Bancshares	CIVB	59,535	$922,793	0.43%
84	Essa Bancorp	29667d104	59,991	$900,465	0.42%
85	Vaalco Energy	EGY	205,117	$900,464	0.42%
86	Westlake Chemical Partners	WLK	41,358	$899,537	0.42%
87	PAM Transporation Services	PAMT	40,284	$868,120	0.41%
88	Peoples Financial Corp	71103b102	68,803	$865,198	0.41%
89	Kinder Morgan	EP-PC	50,892	$843,790	0.40%
90	Pacwest Bancorp	695263202	41,084	$841,811	0.39%
91	Walt Disney	254687106	10,343	$838,260	0.39%
92	Old National Bancorp	680033107	56,933	$827,806	0.39%
93	Jackson Financial	46817m107	21,585	$824,979	0.39%
94	Parke Bancorp	PKBK	50,450	$821,831	0.39%
95	First Community Corp	319835104	47,335	$817,475	0.38%
96	Cisco Systems	CSCO	14,681	$789,251	0.37%
97	Hawthorn Bancshares	HWBK	48,109	$781,770	0.37%
98	Peoples Bancorp of NC	PEBO	34,889	$767,384	0.36%
99	OceanFirst Financial	675234108	52,061	$753,323	0.35%
100	Crestwood Equity Partners	226344109	25,752	$753,246	0.35%
101	HMN Financial	40424g108	39,200	$749,896	0.35%
102	Graftech International	384313508	189,789	$726,892	0.34%
103	LGI Homes	LGIH	7,159	$712,249	0.33%
104	Codorus Bancorp	192025104	36,149	$673,822	0.32%
105	Berkshire Hathaway	BRK-A	1,843	$645,603	0.30%
106	Hope Bancorp	HOPE	71,522	$632,970	0.30%
107	The Coca-Cola Company	KO	11,297	$632,406	0.30%
108	Bunge Ltd	BG	5,816	$629,544	0.29%
109	Dow Inc.	DOW	12,016	$619,548	0.29%
110	United Bancshares	UNTCW	34,795	$616,567	0.29%
111	Customers Bancorp	CUBB	17,705	$609,937	0.29%
112	Turtle Beach Corp	TBCH	62,408	$566,353	0.27%
113	Primis Financial	FRST	68,961	$562,032	0.26%
114	Intel Corporation	INTC	15,385	$546,937	0.26%
115	Coupa Software	22266LAF3	500,000	$499,750	0.23%
116	Superior Industries International	868168105	164,282	$499,416	0.23%
117	First US Bancshares	FUSB	56,809	$485,723	0.23%
118	Zions Bancorp	989701107	13,469	$469,933	0.22%
119	Five9	FIVN	500,000	$466,500	0.22%
120	Eagle Bancorp Montana	EBMT	38,690	$460,411	0.22%
121	Verizon	VZ	13,947	$452,022	0.21%
122	Sterling Bancorp	85917w102	77,214	$450,930	0.21%
123	Okta	OKTA	500,000	$435,250	0.20%
124	Blackline Corp	BL	500,000	$430,625	0.20%
125	SPDR S&P 600 Small Cap Value ETF	78464a300	5,914	$427,996	0.20%
126	NETGEAR	NTGR	33,807	$425,630	0.20%
127	Cloudfare Inc.	NET	500,000	$425,000	0.20%
128	Exxon Mobil Corporation	XOM	3,537	$415,880	0.19%
129	Bill.com Holdings	BILL	500,000	$404,688	0.19%
130	Oracle Corporation	ORCL-PD	3,737	$395,823	0.19%
131	Unisys Corp	UIS	109,160	$376,602	0.18%
132	Freddie Mac	313400640	172,005	$344,010	0.16%
133	Citizens Financial Group	CIA	12,025	$322,270	0.15%
134	EZCorp	EZPW	310,000	$317,815	0.15%
135	Central Valley Community Bancorp	155685100	22,156	$312,621	0.15%
136	Unit Corp	UNTCW	72,629	$301,773	0.14%
137	Fifth Third Bancorp	FITBM	11,625	$294,461	0.14%
138	Sounds Financial	83607a100	7,940	$293,542	0.14%
139	The First Financial Corp	320218100	8,252	$279,007	0.13%
140	Deutsche Bank	OLOXF	24,900	$273,651	0.13%
141	Truist Financial Corp	TFC-PR	8,867	$253,685	0.12%
142	Walgreens Boots Alliance	931427108	11,403	$253,603	0.12%
143	Hugoton Royalty Trust	HGTXU	369,194	$250,729	0.12%
144	Mesa Air Group	590479135	280,021	$240,538	0.11%
145	Freddie Mac	313400301	394,743	$233,688	0.11%
146	Hancock Whitney Corporation	HWCPZ	6,257	$231,446	0.11%
147	American Airlines Group	02376R102	16,546	$211,954	0.10%
148	MamaMancini's Holdings	56146T103	48,000	$209,760	0.10%
149	Pacwest Bancorp	695263103	24,693	$195,322	0.09%
150	General Electric	GE	1,754	$193,863	0.09%
151	iShares Barclays TIPS Bond	464287176	1,846	$191,510	0.09%
152	iShares DJ US Financial Sector	464287788	2,452	$183,312	0.09%
153	Pfizer	PFE	5,412	$179,516	0.08%
154	Lakeland Bancorp	511637100	14,094	$177,866	0.08%
155	iShares MSCI Emerging Markets	464287234	4,615	$175,139	0.08%
156	Devon Energy	25179m103	3,387	$161,576	0.08%
157	Mastercard	MA	408	$161,531	0.08%
158	United Parcel Service	UPS	904	$140,906	0.07%
159	ProShares S&P 500 Dividend Aristocrat	74348a467	1,570	$139,024	0.07%
160	Coterra Energy	CTRA	4,786	$129,461	0.06%
161	CVB Financial	126600105	7,675	$127,175	0.06%
162	SandRidge Energy	SD	7,884	$123,463	0.06%
163	Banc of California	BANC-PF	8,400	$103,992	0.05%
164	Plains All American Pipeline	726503105	6,412	$98,232	0.05%
165	McDermott International	220014096	388,010	$97,003	0.05%
166	Vermilion Energy	VET	6,553	$95,805	0.04%
167	Ford	345370860	7,479	$92,895	0.04%
168	Wells Fargo	949746101	2,227	$90,995	0.04%
169	F.N.B. Corporation	302520101	7,653	$82,576	0.04%
170	Danaos Corp	DAC	1,188	$78,669	0.04%
171	Plains GP Holdings	PAGP	4,867	$78,456	0.04%
172	Rithm Capital Corp	RITM-PF	8,201	$76,187	0.04%
173	Jackson Financial	JXN-PA	3,000	$74,760	0.04%
174	Federal National Mortgage Association	313586109	117,988	$73,035	0.03%
175	Encore Wire	ECR	400	$72,984	0.03%
176	Iridium Communications	IRDM	1,528	$69,509	0.03%
177	Astrazeneca	AZN	900	$60,948	0.03%
178	Chesapeake Energy	165ESCAC8	2,758,000	$55,160	0.03%
179	American Airlines	AAL	50,000	$53,417	0.03%
180	Global X Uranium ETF	37954Y871	1,892	$51,160	0.02%
181	Taiwan Semiconductor Manufacturing	874039100	500	$43,450	0.02%
182	Genco Shipping & Trading	y2685t131	3,000	$41,970	0.02%
183	Uniti Group	UNIT	8,255	$38,964	0.02%
184	Navios Maritime Holdings	NMPRY	18,340	$36,680	0.02%
185	BancFirst Corporation	BANFP	360	$31,223	0.01%
186	Financial Sector SPDR	81369y105	822	$27,266	0.01%
187	BOK Financial	BOKF	322	$25,754	0.01%
188	Palantir Technologies	PLTR	1,600	$25,600	0.01%
189	EOG Resources	EOG	200	$25,352	0.01%
190	Bank7 Corp	BSVN	1,059	$23,838	0.01%
191	JP Morgan Chase Alerian ETN	46625h365	819	$20,229	0.01%
192	Southwestern Energy Company	845467109	3,000	$19,350	0.01%
193	Sea Ltd	SE	394	$17,316	0.01%
194	Fannie Mae	313586752	6,000	$13,320	0.01%
195	Proshs Ushort Nat Gas	74347y821	218	$13,291	0.01%
196	Hertz Global Holdings	HTZWW	750	$9,188	0.00%
197	Hertz Global Holdings	HTZWW	1,500	$9,180	0.00%
198	CareDx	CDNA	1,292	$9,044	0.00%
199	EZCORP	EZPW	1,000	$8,250	0.00%
200	Macy's	M	400	$4,644	0.00%
201	McDermott	G5924V122	72,441	$724	0.00%
202	McDermott	G5924V114	65,197	$652	0.00%