Institutional Manager · CIK 0001703383

Pinnacle Bancorp, Inc.

BEATRICE, NE · File #028-18006

Latest AUM

$341.2M

Positions

873

Top-10 Concentration

47.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	Vanguard Div Appreciation	921908844	+5,753	+$1.3M	+$68,146
REDUCE	Vanguard 500 Index Fund ETF	922908363	-1,770	-$1.1M	+$513,275
REDUCE	Berkshire Hathaway Inc Del Cl A	BRK-A	-1	-$754,800	+$19,200
REDUCE	Amazon Com Inc	AMZN	-1,799	-$415,244	+$300,206
ADD	Apple Computer Inc Com	AAPL	+1,523	+$414,043	+$586,897
REDUCE	Microsoft Corp Com	MSFT	-777	-$375,770	-$755,255
EXITED	Std&Poor Midcap	78467Y107	-520	-$309,936	$0
REDUCE	iShares Tr Russell 2000 X FD	464287655	-1,156	-$284,561	+$22,163
ADD	Servicenow Inc Common	NOW	+1,748	+$267,776	-$335,218
REDUCE	VISA Inc Class A Shares	V	-736	-$258,117	+$124,582

Sector Allocation

Technology

9.2%$31.3M

Healthcare

5.0%$17.1M

Financials

4.7%$16.2M

Consumer Discretionary

2.9%$9.8M

Industrials

2.6%$8.8M

Consumer Staples

1.4%$5.0M

Communication Services

1.4%$4.8M

1.3%$4.3M

0.4%$1.3M

0.3%$1.2M

0.1%$219,637

Filing History

Jan 22, 202613F HOLDINGS REPORTQ/E Dec 2025873 pos · $341.2M
Oct 24, 202513F HOLDINGS REPORTQ/E Sep 2025910 pos · $338.6M
Jul 11, 202513F HOLDINGS REPORTQ/E Jun 2025909 pos · $324.0M
Apr 23, 202513F HOLDINGS REPORTQ/E Mar 2025898 pos · $306.7M
Jan 14, 202513F HOLDINGS REPORTQ/E Dec 2024881 pos · $307.5M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 2024871 pos · $374.1M
Jul 15, 202413F HOLDINGS REPORTQ/E Jun 2024848 pos · $338.7M
Apr 16, 202413F HOLDINGS REPORTQ/E Mar 2024822 pos · $338.1M
Oct 18, 202313F HOLDINGS REPORTQ/E Dec 2023777 pos · $281.4M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Berkshire Hathaway Inc Del Cl A	BRK-A	31	$23.4M	10.55%
2	Vanguard 500 Index Fund ETF	922908363	33,027	$20.7M	9.34%
3	Microsoft Corp Com	MSFT	21,224	$10.3M	4.63%
4	Apple Computer Inc Com	AAPL	35,585	$9.7M	4.36%
5	Berkshire Hathaway Inc Del Cl B New	BRK-A	15,523	$7.8M	3.52%
6	iShares Tr Midcap Index FD	464287507	116,415	$7.7M	3.46%
7	iShares Tr S&P 500 Index	464287200	10,377	$7.1M	3.20%
8	JP Morgan Chase & Co Com	VYLD	20,170	$6.5M	2.93%
9	SPDR Tr Unit Ser 1	SPY	9,379	$6.4M	2.88%
10	Alphabet Inc Class A	GOOG	20,109	$6.3M	2.84%
11	Eli Lilly & Co Com	LLY	5,518	$5.9M	2.67%
12	Amazon Com Inc	AMZN	24,896	$5.7M	2.59%
13	iShares Tr MSCI Eafe Idx	464287465	58,751	$5.6M	2.54%
14	Vanguard Total Bond Mkt	921937835	69,322	$5.1M	2.31%
15	Vanguard Div Appreciation	921908844	22,832	$5.0M	2.26%
16	Alphabet Inc Class C	GOOG	15,253	$4.8M	2.16%
17	VISA Inc Class A Shares	V	12,614	$4.4M	1.99%
18	Vanguard Mega Cap 300 Grwth	921910816	10,324	$4.3M	1.92%
19	Costco Whsl Corp New Com	22160K105	4,890	$4.2M	1.90%
20	iShares S&P 500 Barra Value	464287408	19,466	$4.1M	1.86%