13F HOLDINGS REPORT

Pinnacle Holdings, LLC

Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001411784-26-000002

Total Value

$296.0M

Positions

248

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (249)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR Dow Jones Industrial Average	DIA	25,340	$12.2M	4.11%
2	The Goldman Sachs Group	GSCE	9,011	$7.9M	2.68%
3	Freddie Mac	313400301	558,502	$5.7M	1.91%
4	Caterpillar	CAT	9,657	$5.5M	1.87%
5	Apple	AAPL	19,984	$5.4M	1.84%
6	Microsoft Corporation	MSFT	10,629	$5.1M	1.74%
7	Antero Midstream	AM	280,072	$5.0M	1.68%
8	Williams Companies	969457100	79,043	$4.8M	1.61%
9	Amgen Inc	AMGN	13,190	$4.3M	1.46%
10	MPLX	MPLXP	80,850	$4.3M	1.46%
11	ONEOK	OKE	58,410	$4.3M	1.45%
12	Targa Resources Corp	TRGP	22,554	$4.2M	1.41%
13	Genesis Energy	GEL	237,847	$3.7M	1.25%
14	JPMorgan	VYLD	11,412	$3.7M	1.24%
15	SB Financial Group	SBFG	156,910	$3.5M	1.18%
16	The Home Depot	HD	10,106	$3.5M	1.17%
17	Navios Maritime Partners	y62267102	65,539	$3.4M	1.16%
18	Kinetik Holdings	KNTK	94,371	$3.4M	1.15%
19	Citigroup	C-PR	29,032	$3.4M	1.14%
20	Mechanics Bancorp	MCHB	230,329	$3.4M	1.14%
21	SSR Mining	SSRGF	2,505,000	$3.3M	1.10%
22	American Express Company	AXP	8,752	$3.2M	1.09%
23	International Business Machines	INTR	10,653	$3.2M	1.07%
24	Plains GP Holdings	PAGP	164,095	$3.1M	1.06%
25	Hess Midstream Partners	HESM	89,625	$3.1M	1.04%
26	Visa	V	8,765	$3.1M	1.04%
27	UnitedHealth Group	UNH	9,294	$3.1M	1.04%
28	Energy Transfer	ET-PI	185,133	$3.1M	1.03%
29	Alliance Resource Partners	ARLP	129,423	$3.0M	1.02%
30	McDonald's	MCD	9,671	$3.0M	1.00%
31	MidWest One Financial	598511103	76,223	$2.9M	0.99%
32	Palantir Technologies	PLTR	16,213	$2.9M	0.97%
33	The Travelers Companies	TRV	9,888	$2.9M	0.97%
34	Brighthouse Financial	10922n103	44,054	$2.9M	0.96%
35	Enterprise Products Partners	293792107	88,894	$2.8M	0.96%
36	MGP Ingredients	MGPI	2,905,000	$2.8M	0.95%
37	Nvidia	NVDA	15,031	$2.8M	0.95%
38	Sherwin-Williams	SHW	8,553	$2.8M	0.94%
39	Unit Corp	UNTCW	89,040	$2.7M	0.93%
40	Burke & Herbert Financial Services	BHRB	43,289	$2.7M	0.91%
41	Western Midstream	WES	66,896	$2.6M	0.89%
42	NMI Holdings	NMIH	64,116	$2.6M	0.88%
43	Amazon.com	AMZN	11,071	$2.6M	0.86%
44	Johnson & Johnson	JNJ	11,310	$2.3M	0.79%
45	Freddie Mac	313400640	179,580	$2.3M	0.79%
46	salesforce.com	CRM	8,452	$2.2M	0.76%
47	First United Corp	FUNC	58,976	$2.2M	0.75%
48	Hovnanian	HOVVB	105,000	$2.2M	0.73%
49	Sunoco	SUN	41,051	$2.2M	0.73%
50	Chevron Corporation	CVX	13,973	$2.1M	0.72%
51	Bank of America	060505104	38,548	$2.1M	0.72%
52	The Boeing Company	BA-PA	9,688	$2.1M	0.71%
53	Republic Airways	590479408	110,673	$2.0M	0.69%
54	AMG	AMGN	27,660	$2.0M	0.69%
55	Flagstar Financial	64944p307	49,842	$2.0M	0.67%
56	WisdomTree Investments	WT	1,695,000	$2.0M	0.67%
57	Jackson Financial	JXN-PA	18,285	$2.0M	0.66%
58	Honeywell International	438516106	9,617	$1.9M	0.63%
59	Kimball Electronics	KE	67,305	$1.9M	0.63%
60	The Cheesecake Factory	CAKE	1,745,000	$1.7M	0.58%
61	Spectrum Brands Holdings	SPB	1,795,000	$1.7M	0.57%
62	Jetblue Airways	JBLU	1,705,000	$1.7M	0.56%
63	Hawthorn Bancshares	HWBK	47,764	$1.7M	0.56%
64	Shake Shack Inc	SHAK	1,755,000	$1.7M	0.56%
65	Americold Realty Trust	COLD	126,601	$1.6M	0.55%
66	Citizens Community Bancorp	CIA	91,347	$1.6M	0.55%
67	3M Co	MMM	9,920	$1.6M	0.54%
68	Renasant Corp	RNST	42,976	$1.5M	0.51%
69	Procter & Gamble	742718109	10,498	$1.5M	0.51%
70	Delek Logistics Partners	DKL	33,044	$1.5M	0.50%
71	Academy Sports	ASO	29,342	$1.5M	0.50%
72	Cleveland-Cliffs	CLF	109,547	$1.5M	0.49%
73	Helen of Troy	HELE	67,986	$1.4M	0.49%
74	Bank of America	060505682	11,015	$1.4M	0.49%
75	Talos Energy	TALO	125,639	$1.4M	0.47%
76	Kinder Morgan	EP-PC	50,159	$1.4M	0.47%
77	Banc of California	BANC-PF	54,734	$1.4M	0.47%
78	First Community Corp	319835104	46,302	$1.4M	0.46%
79	Flagstar Financial Inc.	FLG-PU	108,245	$1.4M	0.46%
80	Wal-Mart Stores	WMT	12,017	$1.3M	0.45%
81	Green Plains	GPRE	1,400,000	$1.3M	0.45%
82	CNB Financial	126128107	50,124	$1.3M	0.44%
83	Civista Bancshares	CIVB	59,030	$1.3M	0.44%
84	La-Z-Boy	LZB	34,660	$1.3M	0.44%
85	Whirlpool Corp	WHR-PA	17,816	$1.3M	0.43%
86	Customers Bancorp	CUBB	17,405	$1.3M	0.43%
87	PubMatic	PUBM	142,904	$1.3M	0.43%
88	Old National Bancorp	680033107	56,751	$1.3M	0.43%
89	Peoples Bancorp	PEBO	34,889	$1.3M	0.43%
90	Parke Bancorp	PKBK	49,941	$1.3M	0.42%
91	Innoviva	INVA	1,227,000	$1.2M	0.42%
92	Hertz Global Holdings	HTZWW	240,175	$1.2M	0.42%
93	Federal National Mortgage Association	313586109	113,388	$1.2M	0.41%
94	LCI Industries	501812AB7	1,205,000	$1.2M	0.40%
95	NETGEAR	NTGR	47,766	$1.2M	0.40%
96	Jetblue Airways	477143101	252,321	$1.1M	0.39%
97	Merck	MRK	10,783	$1.1M	0.38%
98	Peoples Bancorp	PEBO	36,977	$1.1M	0.38%
99	Orrstow Financial Services	687380105	31,230	$1.1M	0.37%
100	Alerus Financial	ALRS	48,999	$1.1M	0.37%
101	Yelp	YELP	36,229	$1.1M	0.37%
102	Banc of California	BANC-PF	56,942	$1.1M	0.37%
103	Winnebago Industries	974637AF7	1,160,000	$1.1M	0.37%
104	Arcbest	ARCB	14,145	$1.0M	0.35%
105	Walt Disney	254687106	9,113	$1.0M	0.35%
106	Eventbrite	EVEX-WT	223,264	$993,525	0.34%
107	United Bancshares	UNTCW	22,302	$992,439	0.34%
108	Peoples Financial	71103b102	48,476	$986,971	0.33%
109	Jetblue Airways	JBLU	1,000,000	$967,500	0.33%
110	Expro Group Holdings	n3144w105	72,435	$967,009	0.33%
111	Deutsche Bank	OLOXF	24,900	$960,144	0.32%
112	Primis Financial	FRST	68,216	$948,885	0.32%
113	Chemours Company	CC	80,093	$944,296	0.32%
114	OceanFirst Financial	675234108	51,240	$919,758	0.31%
115	Cisco Systems	CSCO	11,787	$907,953	0.31%
116	Turtle Beach	TBCH	64,495	$904,865	0.31%
117	First Northwest BanCorp	FNWB	84,928	$796,625	0.27%
118	Cracker Barrel Old Country Store	CBRL	31,263	$794,080	0.27%
119	First US Bancshares	FUSB	55,806	$779,610	0.26%
120	Hope Bancorp	HOPE	70,780	$775,749	0.26%
121	Zions Bancorp	989701107	13,244	$775,304	0.26%
122	Vaalco Energy	EGY	206,817	$752,814	0.25%
123	Kearny Financial	KRNY	101,080	$749,003	0.25%
124	Westlake Chemical Partners	WLK	38,942	$739,898	0.25%
125	Exxon Mobil Corporation	XOM	5,844	$703,235	0.24%
126	PAM Transporation Services	PAMT	57,585	$695,627	0.24%
127	The Coca-Cola Company	KO	9,743	$681,133	0.23%
128	Citizens Financial Group	CIA	11,657	$680,885	0.23%
129	Truist Financial	TFC-PR	13,520	$665,319	0.22%
130	ProShares S&P 500 Dividend Aristocrat	74348a467	6,361	$661,999	0.22%
131	Nike	NKE	8,721	$555,615	0.19%
132	Fifth Third Bancorp	FITBM	11,625	$544,166	0.18%
133	Eagle Bancorp Montana	EBMT	25,814	$513,699	0.17%
134	Verizon Communications	VZ	12,175	$495,888	0.17%
135	The First Financial Corp	320218100	8,190	$494,853	0.17%
136	Blackline Corp	BL	500,000	$494,000	0.17%
137	Community West Bancshares	CWBC	21,906	$492,885	0.17%
138	Okta Inc	OKTA	500,000	$488,000	0.16%
139	Coupa Software Inc	22266LAF3	500,000	$485,000	0.16%
140	Unisys Corp	UIS	175,094	$483,259	0.16%
141	LGI Homes	LGIH	11,174	$480,035	0.16%
142	Bill.com Holdings	BILL	500,000	$472,500	0.16%
143	General Electric Company	GE	1,501	$462,507	0.16%
144	Oracle Corporation	ORCL-PD	2,287	$445,759	0.15%
145	Hancock Whitney Corporation	HWCPZ	6,232	$396,854	0.13%
146	Crescent Energy Company	CRGY	44,919	$376,870	0.13%
147	XPLR Infrastructure	NEE-PW	37,528	$375,280	0.13%
148	CVB Financial	126600105	19,803	$368,336	0.12%
149	Wells Fargo	949746101	3,772	$351,550	0.12%
150	Unit Corp	UNTCW	142,938	$334,475	0.11%
151	Meta Platforms	META	476	$314,215	0.11%
152	Sounds Financial	83607a100	7,180	$313,263	0.11%
153	Hertz Global Holdings	HTZWW	111,275	$298,217	0.10%
154	Providient Financial Services	74386T105	11,563	$228,374	0.08%
155	Mastercard	MA	400	$228,352	0.08%
156	Talen Energy Corporation	TLN	609	$228,278	0.08%
157	iShares Barclays TIPS Bond	464287176	2,029	$223,053	0.08%
158	Intel Corporation	INTC	5,865	$216,419	0.07%
159	GE Vernova	GEV	329	$215,025	0.07%
160	McDermott International	G5924V106	9,850	$205,374	0.07%
161	QCR Holdings	QCRH	2,222	$185,093	0.06%
162	iShares Convertible Bond	46435G102	1,663	$163,827	0.06%
163	Taiwan Semiconductor Manufacturing	874039100	524	$159,238	0.05%
164	Kratos	50077b207	2,000	$151,820	0.05%
165	Macy's	M	6,199	$136,688	0.05%
166	Alpha Metallurgical Resources	020764106	680	$135,938	0.05%
167	Coterra Energy	CTRA	4,786	$125,968	0.04%
168	Pfizer	PFE	4,929	$122,732	0.04%
169	F.N.B. Corporation	302520101	7,068	$120,863	0.04%
170	Devon Energy Corporation	25179m103	3,021	$110,659	0.04%
171	Hugoton Royalty Trust	HGTXU	370,194	$109,263	0.04%
172	General Motors	37045v100	1,325	$107,749	0.04%
173	Plains All American Pipeline	726503105	5,560	$99,858	0.03%
174	United Parcel Service	UPS	945	$93,735	0.03%
175	Fannie Mae	313586752	6,000	$91,380	0.03%
176	Global Ship Lease	GSL-PB	2,512	$88,020	0.03%
177	Ford	345370860	6,383	$83,749	0.03%
178	Dow Inc	DOW	3,580	$83,700	0.03%
179	Okta	OKTA	913	$78,947	0.03%
180	Tri Pointe Homes	TPH	2,467	$77,636	0.03%
181	Astrazeneca	AZN	800	$73,544	0.02%
182	Green Brick Partners	GRBK-PA	1,099	$68,863	0.02%
183	New Fortress Energy	NFE	58,750	$66,975	0.02%
184	SandRidge Energy	SD	4,640	$66,955	0.02%
185	U S Bancorp	USB-PS	1,210	$64,566	0.02%
186	Booking Holdings	BKNG	11	$58,909	0.02%
187	Jackson Financial	JXN-PA	2,200	$57,354	0.02%
188	Danaos Corp	DAC	607	$57,167	0.02%
189	Genco Shipping	y2685t131	3,100	$57,133	0.02%
190	Stifel Financial	860630102	454	$56,850	0.02%
191	Teekay Inc.	TK	6,259	$56,519	0.02%
192	Star Bulk Carriers	SBLK	2,818	$54,162	0.02%
193	Barrick Mining Corporation	B	1,239	$53,958	0.02%
194	Netflix	NFLX	546	$51,193	0.02%
195	Hello Group	MOMO	7,714	$50,527	0.02%
196	FinVolution Group	FVGPY	9,639	$50,412	0.02%
197	Uber Technologies	UBER	580	$47,392	0.02%
198	MIND Technology	MIND	5,280	$46,411	0.02%
199	Taylor Morrison Home	TMHC	783	$46,095	0.02%
200	Sphere Entertainment Company	SPHR	477	$45,353	0.02%
201	Wingstop	WING	187	$44,598	0.02%
202	GE Healthcare Technologies	GEHC	521	$42,732	0.01%
203	Stealthgas	GASS	5,901	$41,425	0.01%
204	Newmont Mining	NEMCL	400	$39,940	0.01%
205	Pacer US Small Cap Cash Cows	69374H857	898	$39,844	0.01%
206	Sprouts Farmers Market	85208M102	500	$39,835	0.01%
207	BW LPG Limited	BWLP	3,028	$39,667	0.01%
208	Adecoagro SA	AGRO	4,880	$38,698	0.01%
209	Uniti Group	UNIT	5,499	$38,548	0.01%
210	BancFirst Corporation	BANFP	360	$38,167	0.01%
211	EQT Corp	EQT	700	$37,536	0.01%
212	Expand Energy Corporation	EXE	339	$37,379	0.01%
213	Direxion Daily Emerging Markets 3X Bull	25459y686	657	$35,846	0.01%
214	Scorpio Tankers	STNG	694	$35,276	0.01%
215	Mercedes	233825207	2,000	$35,141	0.01%
216	Zim Integrated Shipping	ZIM	1,608	$34,138	0.01%
217	Shenandoah Telecommunications	SHEN	2,853	$32,981	0.01%
218	Argan	AGX	105	$32,899	0.01%
219	JOYY Inc	JOYY	478	$30,955	0.01%
220	BOK Financial	BOKF	260	$30,800	0.01%
221	Farmland Partners	FPI	3,173	$30,746	0.01%
222	Cal-Maine Foods	CALM	382	$30,396	0.01%
223	Costamare	CMRE-PC	1,924	$30,380	0.01%
224	Harley-Davidson	HOG	1,468	$30,079	0.01%
225	The Trade Desk	88339j105	782	$29,685	0.01%
226	Toll Brothers	TOL	200	$27,044	0.01%
227	California Resource Corp.	CRC	603	$26,960	0.01%
228	American Airlines Group	02376R102	1,635	$25,065	0.01%
229	Fortinet	FTNT	299	$23,744	0.01%
230	DR Horton Inc	23331a109	150	$21,605	0.01%
231	EOG Resources	EOG	200	$21,002	0.01%
232	Pinterest	PINS	798	$20,660	0.01%
233	Northern Oil and Gas	NOG	929	$19,946	0.01%
234	EZCORP	EZPW	1,000	$19,420	0.01%
235	Dicks Sporting Goods	253393102	94	$18,609	0.01%
236	Iridium Communications	IRDM	1,051	$18,266	0.01%
237	Monday.com	MNDY	122	$18,002	0.01%
238	Expand Energy	EXE	172	$17,140	0.01%
239	Columbia Banking System	197236102	592	$16,546	0.01%
240	Tecnoglass	TGLS	315	$15,851	0.01%
241	Commercial Vehicle Group	202608105	10,297	$14,828	0.01%
242	Berkshire Hills Bancorp	BBT	540	$14,240	0.00%
243	SSR Mining	SSRGF	630	$13,813	0.00%
244	Meritage Homes Corporation	MTH	200	$13,160	0.00%
245	SuRo Capital	SSSSL	1,329	$12,546	0.00%
246	Pricesmart	PSMT	100	$12,267	0.00%
247	Costamare Bulkers Holdings	CMDB	631	$9,724	0.00%
248	Schwab US TIPS ETF	808524870	308	$8,159	0.00%
249	United Community Banks	UNTCW	220	$6,868	0.00%