Institutional Manager · CIK 0001975417

Pine Valley Investments Ltd Liability Co

MARLTON, NJ · File #028-23263

Latest AUM

$2.15B

Positions

560

Top-10 Concentration

39.5%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

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
NEW	CENTENE CORP DEL	CNC	+1,000,919	+$41.2M	$0
ADD	CELANESE CORP DEL	CE	+762,578	+$32.2M	-$130,410
ADD	AMAZON COM INC	AMZN	+135,942	+$31.4M	+$4,056
REDUCE	ASSURED GUARANTY LTD	AGO	-285,062	-$25.6M	+$532,912
ADD	META PLATFORMS INC	META	+33,556	+$22.2M	+$8,374
REDUCE	LAM RESEARCH CORP	LRCX	-114,057	-$19.5M	+$16.6M
REDUCE	TOPGOLF CALLAWAY BRANDS CORP	131193104	-1,530,045	-$17.9M	+$17.9M
ADD	PRECISION DRILLING CORP	PDS	+214,485	+$15.4M	+$2.2M
REDUCE	EQT CORP	EQT	-273,700	-$14.7M	+$46,835
REDUCE	HF SINCLAIR CORP	DINO	-302,238	-$13.9M	+$4.0M

Sector Allocation

Technology

14.3%$309.1M

Communication Services

8.2%$176.1M

Financials

7.4%$160.1M

Healthcare

7.0%$151.9M

Consumer Discretionary

4.7%$101.0M

4.3%$92.8M

3.7%$79.0M

3.5%$75.7M

1.3%$27.0M

0.6%$12.5M

0.1%$3.2M

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 2025563 pos · $1.65B
Feb 17, 202613F HOLDINGS REPORTQ/E Dec 2025555 pos · $1.80B
Feb 17, 202613F HOLDINGS REPORTQ/E Dec 2025563 pos · $2.04B
Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025560 pos · $2.15B
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 2024518 pos · $1.67B
Nov 25, 202413F HOLDINGS REPORTQ/E Sep 2024517 pos · $1.65B
Jul 30, 202413F HOLDINGS REPORTQ/E Jun 2024485 pos · $1.53B
May 8, 202413F HOLDINGS REPORTQ/E Mar 2024490 pos · $1.49B
Nov 8, 202313F HOLDINGS REPORTQ/E Dec 2023468 pos · $1.10B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S&P 500 ETF TR	SPY	133,533	$74.9M	8.49%
2	APPLE INC	AAPL	196,397	$43.6M	4.95%
3	MICROSOFT CORP	MSFT	97,619	$36.6M	4.16%
4	WARNER BROS DISCOVERY INC	WBD	3,016,593	$32.4M	3.67%
5	NVIDIA CORPORATION	NVDA	287,817	$31.2M	3.54%
6	SPDR S&P 500 ETF TR	SPY	54,500	$30.5M	3.46%
7	EQT CORP	EQT	533,746	$28.5M	3.23%
8	ASSURED GUARANTY LTD	AGO	301,062	$26.5M	3.01%
9	COLUMBIA ETF TR I	19761L508	1,241,892	$22.2M	2.52%
10	INVESCO QQQ TR	IVZ	46,878	$22.0M	2.50%
11	FIRST TR EXCHANGE-TRADED FD	33738D788	1,028,242	$21.6M	2.45%
12	ALIBABA GROUP HLDG LTD	BBAAY	159,040	$21.0M	2.38%
13	VICTORY PORTFOLIOS II	92647N527	437,980	$20.6M	2.33%
14	JOHNSON & JOHNSON	JNJ	119,539	$19.8M	2.25%
15	AMAZON COM INC	AMZN	99,672	$19.0M	2.15%
16	ALPHABET INC	GOOG	115,038	$18.0M	2.04%
17	JANUS DETROIT STR TR	47103U845	345,022	$17.5M	1.98%
18	VISA INC	V	48,219	$16.9M	1.92%
19	FIRST TR EXCHANGE TRADED FD	33738R506	287,580	$16.8M	1.91%
20	EXXON MOBIL CORP	XOM	141,119	$16.8M	1.90%