13F HOLDINGS REPORT

Pinnacle Wealth Management Group, Inc.

Quarter ended Q4 2025 · Filed January 23, 2026 · Accession 0001868491-26-000001

Total Value

$200.2M

Positions

126

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (126)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VICTORY PORTFOLIOS II	92647N527	191,227	$9.1M	4.52%
2	VANGUARD SCOTTSDALE FDS	92206C771	180,374	$8.5M	4.24%
3	RBB FD INC	74933W452	167,991	$8.4M	4.19%
4	VICTORY PORTFOLIOS II	92647N535	158,859	$8.1M	4.03%
5	INVESCO QQQ TR	IVZ	12,392	$7.6M	3.80%
6	VANECK ETF TRUST	92189F106	81,878	$7.0M	3.51%
7	INNOVATOR ETFS TRUST	INHD	198,332	$6.8M	3.40%
8	MICROSOFT CORP	MSFT	13,417	$6.5M	3.24%
9	INNOVATOR ETFS TRUST	INHD	166,416	$6.1M	3.06%
10	VANGUARD STAR FDS	921909768	81,261	$6.1M	3.06%
11	INVESCO EXCHANGE TRADED FD T	IVZ	31,089	$6.0M	2.98%
12	ISHARES TR	464287655	22,635	$5.6M	2.78%
13	MORGAN STANLEY	MS-PQ	31,001	$5.5M	2.75%
14	VANGUARD INDEX FDS	922908629	18,913	$5.5M	2.74%
15	INVESCO EXCH TRADED FD TR II	IVZ	67,547	$4.8M	2.41%
16	INNOVATOR ETFS TRUST	INHD	113,699	$4.4M	2.22%
17	AGNICO EAGLE MINES LTD	AEM	25,801	$4.4M	2.19%
18	FIRST TR EXCHNG TRADED FD VI	33740U687	96,420	$3.8M	1.91%
19	JPMORGAN CHASE & CO.	VYLD	10,993	$3.5M	1.77%
20	APPLE INC	AAPL	11,918	$3.2M	1.62%
21	INNOVATOR ETFS TRUST	INHD	72,255	$3.1M	1.57%
22	INVESCO EXCH TRADED FD TR II	IVZ	37,007	$3.1M	1.56%
23	ALAMOS GOLD INC NEW	AGI	75,858	$2.9M	1.46%
24	VANGUARD WORLD FD	92204A876	15,284	$2.8M	1.41%
25	SELECT SECTOR SPDR TR	81369Y209	18,221	$2.8M	1.41%
26	INVESCO EXCH TRADED FD TR II	IVZ	57,890	$2.8M	1.39%
27	INNOVATOR ETFS TRUST	INHD	63,085	$2.6M	1.32%
28	GLOBAL X FDS	37954Y384	78,564	$2.4M	1.20%
29	NEW GOLD INC CDA	644535106	273,330	$2.4M	1.19%
30	INNOVATOR ETFS TRUST	INHD	43,180	$1.9M	0.94%
31	INNOVATOR ETFS TRUST	INHD	81,285	$1.7M	0.85%
32	VISA INC	V	4,193	$1.5M	0.73%
33	AMAZON COM INC	AMZN	6,291	$1.5M	0.73%
34	INNOVATOR ETFS TRUST	INHD	34,271	$1.4M	0.70%
35	ALPHABET INC	GOOG	4,367	$1.4M	0.68%
36	ISHARES TR	46429B747	13,010	$1.3M	0.67%
37	INNOVATOR ETFS TRUST	INHD	32,185	$1.3M	0.64%
38	ALPHABET INC	GOOG	3,821	$1.2M	0.60%
39	ISHARES TR	464287150	8,025	$1.2M	0.60%
40	REPUBLIC SVCS INC	760759100	5,257	$1.1M	0.56%
41	SKEENA RES LTD NEW	83056P715	45,257	$1.1M	0.54%
42	VERIZON COMMUNICATIONS INC	VZ	25,896	$1.1M	0.53%
43	PERPETUA RESOURCES CORP	PPTA	43,310	$1.0M	0.52%
44	PEPSICO INC	PEP	7,264	$1.0M	0.52%
45	ABBVIE INC	ABBV	4,536	$1.0M	0.52%
46	INNOVATOR ETFS TRUST	INHD	20,990	$921,881	0.46%
47	INNOVATOR ETFS TRUST	INHD	20,805	$899,816	0.45%
48	TAIWAN SEMICONDUCTOR MFG LTD	874039100	2,750	$835,698	0.42%
49	T-MOBILE US INC	TMUSZ	3,860	$783,734	0.39%
50	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$754,800	0.38%
51	ORACLE CORP	ORCL-PD	3,696	$720,387	0.36%
52	VANGUARD INDEX FDS	922908769	2,148	$720,160	0.36%
53	BOEING CO	BA-PA	3,292	$714,759	0.36%
54	BROOKFIELD INFRASTRUCTURE CO	BIPC	15,319	$695,483	0.35%
55	INNOVATOR ETFS TRUST	INHD	14,030	$690,978	0.35%
56	OSISKO DEVELOPMENT CORP	OSDVF	180,550	$630,120	0.31%
57	NEXTERA ENERGY INC	NEE-PW	7,768	$623,576	0.31%
58	INNOVATOR ETFS TRUST	INHD	14,735	$615,628	0.31%
59	WELLTOWER INC	WELL	3,276	$608,017	0.30%
60	GLOBAL X FDS	37954Y673	12,030	$574,914	0.29%
61	NEXTPOWER INC	NXT	6,368	$554,716	0.28%
62	INNOVATOR ETFS TRUST	INHD	11,940	$554,374	0.28%
63	ISHARES TR	464287457	6,602	$546,778	0.27%
64	INNOVATOR ETFS TRUST	INHD	12,000	$539,302	0.27%
65	INNOVATOR ETFS TRUST	INHD	11,136	$523,615	0.26%
66	JOHNSON & JOHNSON	JNJ	2,526	$522,756	0.26%
67	SPDR DOW JONES INDL AVERAGE	78467X109	1,044	$501,715	0.25%
68	PROCTER AND GAMBLE CO	742718109	3,467	$496,841	0.25%
69	BROOKFIELD RENEWABLE CORP	BEPC	12,659	$485,361	0.24%
70	SPDR SERIES TRUST	78464A805	5,752	$474,540	0.24%
71	DUKE ENERGY CORP NEW	DUKB	4,048	$474,466	0.24%
72	KT CORP	KT	24,850	$471,404	0.24%
73	ISHARES TR	464287440	4,781	$459,741	0.23%
74	BERKSHIRE HATHAWAY INC DEL	BRK-A	904	$454,396	0.23%
75	INNOVATOR ETFS TRUST	INHD	9,000	$446,040	0.22%
76	SOUTHERN CO	SOMN	5,104	$445,069	0.22%
77	INNOVATOR ETFS TRUST	INHD	16,630	$444,264	0.22%
78	INNOVATOR ETFS TRUST	INHD	8,850	$442,850	0.22%
79	AUTOMATIC DATA PROCESSING IN	ADP	1,708	$439,370	0.22%
80	NEWMONT CORP	NEMCL	4,130	$412,380	0.21%
81	ISHARES INC	464286400	12,789	$406,312	0.20%
82	NVIDIA CORPORATION	NVDA	2,170	$404,705	0.20%
83	AMEREN CORP	AEE	3,956	$395,046	0.20%
84	DTE ENERGY CO	DTK	3,048	$393,163	0.20%
85	ISHARES TR	46432F834	4,613	$390,444	0.20%
86	FIRST TR EXCHNG TRADED FD VI	33740F847	6,995	$383,536	0.19%
87	ELI LILLY & CO	LLY	326	$350,346	0.18%
88	SCHWAB STRATEGIC TR	808524797	12,535	$343,827	0.17%
89	VIKING THERAPEUTICS INC	VKTX	9,565	$336,497	0.17%
90	BARRICK MNG CORP	06849F108	7,700	$335,335	0.17%
91	AMERICAN TOWER CORP NEW	03027X100	1,900	$333,583	0.17%
92	ISHARES TR	464287598	1,570	$330,234	0.16%
93	ECOLAB INC	ECL	1,252	$328,675	0.16%
94	DT MIDSTREAM INC	DTM	2,741	$328,073	0.16%
95	ISHARES TR	46432F339	1,640	$325,737	0.16%
96	VANGUARD INDEX FDS	922908363	506	$317,459	0.16%
97	GOLDMAN SACHS GROUP INC	GSCE	350	$307,650	0.15%
98	BANK AMERICA CORP	060505104	5,535	$304,425	0.15%
99	CMS ENERGY CORP	CMS-PC	4,345	$303,863	0.15%
100	INNOVATOR ETFS TRUST	INHD	10,350	$300,771	0.15%
101	SPDR SERIES TRUST	78468R101	10,238	$299,769	0.15%
102	SPDR SERIES TRUST	78464A763	2,077	$289,035	0.14%
103	ABBOTT LABS	ABLZF	2,214	$277,392	0.14%
104	INNOVATOR ETFS TRUST	INHD	4,950	$272,515	0.14%
105	INNOVATOR ETFS TRUST	INHD	12,630	$259,529	0.13%
106	VULCAN MATLS CO	929160109	900	$256,698	0.13%
107	UNITED PARCEL SERVICE INC	UPS	2,570	$254,918	0.13%
108	MONDELEZ INTL INC	609207105	4,700	$253,001	0.13%
109	EXXON MOBIL CORP	XOM	2,099	$252,624	0.13%
110	WALMART INC	WMT	2,258	$251,564	0.13%
111	INVESCO EXCHANGE TRADED FD T	IVZ	3,500	$246,433	0.12%
112	CHEVRON CORP NEW	CVX	1,600	$243,856	0.12%
113	MOTOROLA SOLUTIONS INC	MSI	621	$237,908	0.12%
114	INNOVATOR ETFS TRUST	INHD	5,325	$236,768	0.12%
115	ISHARES TR	464287507	3,465	$228,690	0.11%
116	CROWN CASTLE INC	CCI	2,558	$227,336	0.11%
117	PAYCHEX INC	PAYX	2,007	$225,143	0.11%
118	DOLLY VARDEN SILVER CORP	DVS	50,000	$220,500	0.11%
119	VANGUARD SPECIALIZED FUNDS	921908844	998	$219,340	0.11%
120	VANGUARD INDEX FDS	922908744	1,145	$218,684	0.11%
121	AMERICOLD REALTY TRUST INC	COLD	17,000	$218,620	0.11%
122	ADVANCED MICRO DEVICES INC	AMD	1,000	$214,160	0.11%
123	ALIBABA GROUP HLDG LTD	BBAAY	1,414	$207,264	0.10%
124	INNOVATOR ETFS TRUST	INHD	9,280	$200,588	0.10%
125	WELLS FARGO CO NEW	949746101	2,150	$200,380	0.10%
126	NOKIA CORP	NOKBF	18,037	$116,699	0.06%