Q1 2025 · 13F-HR
Pinnacle Holdings, LLCholdings as filed
Filed 2025-05-13 · accession 0001411784-25-000004
$263.1M
Reported value
237
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78467x109 | — | SPDR Dow Jones Industrial Average | $10.3M | 3.93% | 24,626 | Common | SOLE |
| 682680103 | OKE | ONEOK Inc | $5.7M | 2.16% | 57,164 | Common | SOLE |
| 03676b102 | — | Antero Midstream | $5.1M | 1.93% | 282,483 | Common | SOLE |
| 969457100 | WMB | Williams Companies | $4.9M | 1.85% | 81,530 | Common | SOLE |
| 02215l209 | — | Kinetik Holdings Inc | $4.6M | 1.76% | 89,039 | Common | SOLE |
| 38141g104 | — | The Goldman Sachs Group | $4.6M | 1.73% | 8,345 | Common | SOLE |
| 87612g101 | — | Targa Resources Corp | $4.5M | 1.72% | 22,827 | Common | SOLE |
| 91324p102 | — | UnitedHealth Group Inc | $4.5M | 1.70% | 8,521 | Common | SOLE |
| 55336v100 | — | MPLX | $4.3M | 1.64% | 80,530 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corporation | $4.1M | 1.55% | 10,830 | Common | SOLE |
| 037833100 | AAPL | Apple | $4.0M | 1.52% | 17,988 | Common | SOLE |
| 031162100 | AMGN | Amgen | $3.9M | 1.49% | 12,564 | Common | SOLE |
| 371927104 | GEL | Genesis Energy LP | $3.7M | 1.41% | 236,600 | Common | SOLE |
| 428103105 | HESM | Hess Midstream Partners LP | $3.6M | 1.35% | 84,027 | Common | SOLE |
| 01877r108 | — | Alliance Resource Partners | $3.5M | 1.33% | 128,216 | Common | SOLE |
| 29273v100 | — | Energy Transfer | $3.4M | 1.28% | 181,626 | Common | SOLE |
| 72651a207 | — | Plains GP Holdings | $3.4M | 1.27% | 156,917 | Common | SOLE |
| 437076102 | HD | The Home Depot | $3.3M | 1.25% | 8,985 | Common | SOLE |
| 78408d105 | — | SB Financial Group | $3.3M | 1.24% | 156,897 | Common | SOLE |
| 67066g104 | — | Nvidia Corp | $3.0M | 1.15% | 27,828 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners | $3.0M | 1.13% | 87,411 | Common | SOLE |
| 92826c839 | — | Visa | $2.9M | 1.09% | 8,214 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp | $2.8M | 1.08% | 9,103 | Common | SOLE |
| 824348106 | SHW | Sherwin-Williams Co | $2.8M | 1.07% | 8,065 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc | $2.8M | 1.07% | 8,536 | Common | SOLE |
| 55303JAB2 | MGPI 1.875 11/15/41 | MGP Ingredients | $2.7M | 1.04% | 2,905,000 | Common | SOLE |
| 95825r103 | — | Western Midstream Partners | $2.7M | 1.04% | 66,516 | Common | SOLE |
| 46625h100 | — | JPMorgan | $2.7M | 1.03% | 11,022 | Common | SOLE |
| 43785u102 | — | Homestreet Inc | $2.7M | 1.02% | 229,373 | Common | SOLE |
| 10922n103 | — | Brighthouse Financial | $2.7M | 1.01% | 45,885 | Common | SOLE |
| y62267102 | — | Navios Maritime Partners | $2.6M | 0.99% | 66,099 | Common | SOLE |
| 477143AP6 | JBLU 0.5 04/01/26 | Jetblue Airways | $2.5M | 0.97% | 2,710,000 | Common | SOLE |
| 784730AB9 | SSRMCN 2.5 04/01/39 | SSR Mining | $2.5M | 0.96% | 2,530,000 | Common | SOLE |
| 909218406 | UNTC | Unit Corp | $2.5M | 0.95% | 89,040 | Common | SOLE |
| 12135y108 | — | Burke & Herbert Financial Services | $2.4M | 0.92% | 43,348 | Common | SOLE |
| 86764p109 | — | Sunoco LP | $2.4M | 0.91% | 41,450 | Common | SOLE |
| 459200101 | IBM | International Business Machines | $2.4M | 0.91% | 9,597 | Common | SOLE |
| 313400301 | FMCC | Freddie Mac | $2.4M | 0.90% | 441,367 | Common | SOLE |
| 629209305 | NMIH | NMI Holdings Inc | $2.3M | 0.88% | 63,902 | Common | SOLE |
| 598511103 | MOFG | MidWest One Financial Group | $2.3M | 0.86% | 76,635 | Common | SOLE |
| 89417e109 | — | The Travelers Companies | $2.2M | 0.84% | 8,312 | Common | SOLE |
| 025816109 | AXP | American Express Company | $2.2M | 0.83% | 8,135 | Common | SOLE |
| 166764100 | CVX | Chevron Corporation | $2.1M | 0.80% | 12,572 | Common | SOLE |
| 79466l302 | — | salesforce.com | $2.1M | 0.80% | 7,812 | Common | SOLE |
| 172967424 | C | Citigroup | $2.1M | 0.78% | 28,960 | Common | SOLE |
| 023135106 | AMZN | Amazon.com | $1.9M | 0.74% | 10,193 | Common | SOLE |
| 438516106 | HON | Honeywell International | $1.9M | 0.72% | 8,907 | Common | SOLE |
| 64944p307 | — | Flagstar Financial | $1.9M | 0.71% | 50,192 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $1.8M | 0.68% | 10,744 | Common | SOLE |
| 313400640 | — | Freddie Mac | $1.8M | 0.67% | 179,580 | Common | SOLE |
| 928298AP3 | — | Vishay Intertechnology | $1.8M | 0.67% | 1,805,000 | Common | SOLE |
| 33741h107 | — | First United Corp | $1.8M | 0.67% | 58,976 | Common | SOLE |
| 97717PAD6 | WT 3.25 06/15/26 | WisdomTree Investments | $1.8M | 0.67% | 1,705,000 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $1.7M | 0.66% | 10,174 | Common | SOLE |
| 163072AA9 | CAKE 0.375 06/15/26 | The Cheesecake Factory | $1.7M | 0.65% | 1,745,000 | Common | SOLE |
| 819047AB7 | SHAK 0 03/01/28 | Shake Shack | $1.6M | 0.62% | 1,760,000 | Common | SOLE |
| 060505104 | BAC | Bank of America | $1.6M | 0.61% | 38,471 | Common | SOLE |
| 00170F209 | — | AMG Capital | $1.6M | 0.61% | 30,570 | Common | SOLE |
| 04010e109 | — | Argan Inc | $1.5M | 0.58% | 11,732 | Common | SOLE |
| 46817M107 | JXN | Jackson Financial | $1.5M | 0.58% | 18,235 | Common | SOLE |
| 311642AB8 | — | FARO Technolgies | $1.5M | 0.58% | 1,487,000 | Common | SOLE |
| 097023105 | BA | The Boeing Company | $1.5M | 0.58% | 8,892 | Common | SOLE |
| 29975EAB5 | EB 5 12/01/25 | Eventbrite Inc | $1.5M | 0.55% | 1,480,000 | Common | SOLE |
| 318916103 | FBMSUSD | First Bancshares | $1.5M | 0.55% | 42,976 | Common | SOLE |
| 24664t103 | — | Delek Logistics Partners | $1.4M | 0.55% | 33,470 | Common | SOLE |
| 49456b101 | — | Kinder Morgan | $1.4M | 0.55% | 50,485 | Common | SOLE |
| 05990k841 | — | Banc of California | $1.4M | 0.52% | 54,734 | Common | SOLE |
| 420476103 | HWBK | Hawthorn Bancshares | $1.3M | 0.51% | 47,764 | Common | SOLE |
| 174903104 | CZWI | Citizens Community Bancorp | $1.3M | 0.50% | 91,347 | Common | SOLE |
| 69608a109 | — | Palantir Technologies | $1.3M | 0.50% | 15,450 | Common | SOLE |
| 985817105 | YELP | Yelp | $1.3M | 0.49% | 34,649 | Common | SOLE |
| 00402l107 | — | Academy Sports & Outdoors | $1.3M | 0.49% | 28,034 | Common | SOLE |
| 060505682 | BAC 7.25 PERP L | Bank of America | $1.3M | 0.48% | 1,022 | Common | SOLE |
| 302301AE6 | — | EZCorp Inc | $1.2M | 0.47% | 1,246,000 | Common | SOLE |
| 88579y101 | — | 3M Co. | $1.2M | 0.46% | 8,240 | Common | SOLE |
| 87484t108 | — | Talos Energy | $1.2M | 0.46% | 124,378 | Common | SOLE |
| 680033107 | ONB | Old National Bancorp | $1.2M | 0.46% | 56,751 | Common | SOLE |
| 393222AK0 | GPRE 2.25 03/15/27 | Green Plains Inc | $1.2M | 0.44% | 1,400,000 | Common | SOLE |
| 64111Q104 | NTGR | NETGEAR Inc | $1.2M | 0.44% | 47,544 | Common | SOLE |
| 45781MAD3 | INVA 2.125 03/15/28 | Innoviva | $1.2M | 0.44% | 1,207,000 | Common | SOLE |
| 501812AB7 | LCII 1.125 05/15/26 | LCI Industries | $1.2M | 0.44% | 1,215,000 | Common | SOLE |
| 178867107 | CIVB | Civista Bancshares | $1.2M | 0.44% | 59,030 | Common | SOLE |
| 477143101 | JBLU | Jetblue Airways Corp | $1.1M | 0.44% | 237,596 | Common | SOLE |
| 505336107 | LZB | La-Z-Boy | $1.1M | 0.43% | 28,642 | Common | SOLE |
| 29667d104 | — | Essa Bancorp Inc | $1.1M | 0.42% | 58,656 | Common | SOLE |
| 709789101 | PEBO | Peoples Bancorp Inc | $1.1M | 0.42% | 36,975 | Common | SOLE |
| 49428j109 | — | Kimball Electronics Inc | $1.1M | 0.41% | 66,127 | Common | SOLE |
| 22410j106 | — | Cracker Barrel Old Country Store | $1.1M | 0.41% | 28,000 | Common | SOLE |
| 319835104 | FCCO | First Community Corp | $1.1M | 0.40% | 46,850 | Common | SOLE |
| 74467q103 | — | PubMatic | $1.0M | 0.40% | 113,736 | Common | SOLE |
| 649445400 | FLG | Flagstar Financial Inc | $1.0M | 0.39% | 88,245 | Common | SOLE |
| 931142103 | WMT | Wal-Mart | $1.0M | 0.39% | 11,651 | Common | SOLE |
| 00922RAD7 | — | Air Transport Services Group | $1.0M | 0.38% | 1,012,000 | Common | SOLE |
| 98980GAB8 | ZS 0.125 07/01/25 | Zscaler | $992,250 | 0.38% | 750,000 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Class B | $970,361 | 0.37% | 1,822 | Common | SOLE |
| 03937c105 | — | Arcbest Corp | $970,193 | 0.37% | 13,746 | Common | SOLE |
| 163851108 | CC | Chemours Company | $957,464 | 0.36% | 70,766 | Common | SOLE |
| 710577107 | PEBK | Peoples Bancorp of NC | $950,376 | 0.36% | 34,889 | Common | SOLE |
| 700885106 | PKBK | Parke Bancorp Inc | $940,888 | 0.36% | 49,941 | Common | SOLE |
| 687380105 | ORRF | Orrstow Financial Services Inc | $937,220 | 0.36% | 31,230 | Common | SOLE |
| 71103b102 | — | Peoples Financial Corp | $936,799 | 0.36% | 48,476 | Common | SOLE |
| 960417103 | WLKP | Westlake Chemical Partners | $907,830 | 0.35% | 39,317 | Common | SOLE |
| 644393100 | NFE | New Fortress Energy | $906,945 | 0.34% | 109,139 | Common | SOLE |
| 01446u103 | — | Alerus Financial | $904,522 | 0.34% | 48,999 | Common | SOLE |
| 42806j700 | — | Hertz Global Holdings | $901,827 | 0.34% | 228,890 | Common | SOLE |
| 58933y105 | — | Merck | $888,804 | 0.34% | 9,902 | Common | SOLE |
| 23204g100 | — | Customers Bancorp | $873,731 | 0.33% | 17,405 | Common | SOLE |
| 675234108 | OCFC | OceanFirst Financial | $871,592 | 0.33% | 51,240 | Common | SOLE |
| 185899101 | CLF | Cleveland-Cliffs | $869,602 | 0.33% | 105,791 | Common | SOLE |
| 900450206 | TBCH | Turtle Beach Corp | $844,898 | 0.32% | 59,208 | Common | SOLE |
| 23804LAB9 | DDOG 0.125 06/15/25 | Datadog Inc | $838,875 | 0.32% | 750,000 | Common | SOLE |
| 05990k106 | — | Banc of California | $835,961 | 0.32% | 58,912 | Common | SOLE |
| 254687106 | DIS | Walt Disney | $804,504 | 0.31% | 8,151 | Common | SOLE |
| 91851c201 | — | Vaalco Energy | $771,240 | 0.29% | 205,117 | Common | SOLE |
| 33744v103 | — | First US Bancshares Inc | $745,568 | 0.28% | 55,806 | Common | SOLE |
| 43940t109 | — | Hope Bancorp | $741,067 | 0.28% | 70,780 | Common | SOLE |
| 17275r102 | — | Cisco Systems | $722,130 | 0.27% | 11,702 | Common | SOLE |
| 313586109 | FNMA | Federal National Mortgage Association | $716,612 | 0.27% | 113,388 | Common | SOLE |
| n3144w105 | — | Expro Group Holdings NV | $693,804 | 0.26% | 69,799 | Common | SOLE |
| 909214306 | UIS | Unisys Corp | $684,695 | 0.26% | 149,171 | Common | SOLE |
| 50187t106 | — | LGI Homes Inc | $677,329 | 0.26% | 10,190 | Common | SOLE |
| 74167b109 | — | Primis Financial Corp | $666,470 | 0.25% | 68,216 | Common | SOLE |
| 78464a300 | — | SPDR S&P 600 Small Cap Value | $665,773 | 0.25% | 8,492 | Common | SOLE |
| 191216100 | KO | The Coca-Cola Company | $662,413 | 0.25% | 9,249 | Common | SOLE |
| 989701107 | ZION | Zions Bancorp | $660,346 | 0.25% | 13,244 | Common | SOLE |
| 693149106 | PAMT | PAM Transporation Services | $655,390 | 0.25% | 53,986 | Common | SOLE |
| 590479135 | — | Mesa Air Group Inc | $642,806 | 0.24% | 820,953 | Common | SOLE |
| 48716p108 | — | Kearny Financial Corp | $620,867 | 0.24% | 99,180 | Common | SOLE |
| 909458101 | UBOH | United Bancshares Inc | $619,530 | 0.24% | 22,802 | Common | SOLE |
| d18190898 | — | Deutsche Bank | $593,367 | 0.23% | 24,900 | Common | SOLE |
| 89832q109 | — | Truist Financial Corp | $556,348 | 0.21% | 13,520 | Common | SOLE |
| 868168105 | SSUP | Superior Industries International | $543,636 | 0.21% | 255,228 | Common | SOLE |
| 65399f101 | — | Nextera Energy | $530,328 | 0.20% | 7,481 | Common | SOLE |
| 654106103 | NKE | Nike | $513,998 | 0.20% | 8,097 | Common | SOLE |
| 29975e109 | — | Eventbrite | $508,495 | 0.19% | 240,993 | Common | SOLE |
| 18915MAC1 | NET 0 08/15/26 | Cloudfare Inc | $502,000 | 0.19% | 500,000 | Common | SOLE |
| 30231g102 | — | Exxon Mobil Corporation | $500,996 | 0.19% | 4,213 | Common | SOLE |
| 338307AD3 | FIVN 0.5 06/01/25 | Five9 | $494,450 | 0.19% | 500,000 | Common | SOLE |
| 22266LAF3 | — | Coupa Software Inc | $490,464 | 0.19% | 500,000 | Common | SOLE |
| 92343v104 | — | Verizon Communications | $490,251 | 0.19% | 10,808 | Common | SOLE |
| 516806205 | 8LP1 | Vital Energy | $479,063 | 0.18% | 22,576 | Common | SOLE |
| 09239BAD1 | BL 0 03/15/26 | Blackline Corp | $478,140 | 0.18% | 500,000 | Common | SOLE |
| 174610105 | CFG | Citizens Financial Group | $477,587 | 0.18% | 11,657 | Common | SOLE |
| 679295AF2 | OKTA 0.375 06/15/26 | Okta Inc | $477,000 | 0.18% | 500,000 | Common | SOLE |
| 316773100 | FITB | Fifth Third Bancorp | $455,700 | 0.17% | 11,625 | Common | SOLE |
| 090043AD2 | BILL 0 04/01/27 | Bill.com Holdings Inc | $451,750 | 0.17% | 500,000 | Common | SOLE |
| g16962105 | — | Bunge Ltd | $444,535 | 0.17% | 5,817 | Common | SOLE |
| 26942g100 | — | Eagle Bancorp Montana | $432,643 | 0.16% | 25,814 | Common | SOLE |
| 74348a467 | — | ProShares S&P 500 Dividend Aristocrat | $416,641 | 0.16% | 4,078 | Common | SOLE |
| 203937107 | CWBC | Community West Bancshares | $404,823 | 0.15% | 21,906 | Common | SOLE |
| 320218100 | THFF | The First Financial Corp | $401,157 | 0.15% | 8,190 | Common | SOLE |
| 68389x105 | — | Oracle Corporation | $388,532 | 0.15% | 2,779 | Common | SOLE |
| 83607a100 | — | Sounds Financial Banc | $386,606 | 0.15% | 7,709 | Common | SOLE |
| 65341b106 | — | XPLR Infrastructure | $358,150 | 0.14% | 37,700 | Common | SOLE |
| 369604103 | GE | General Electric Company | $336,552 | 0.13% | 1,681 | Common | SOLE |
| 410120109 | HWC | Hancock Whitney Corporation | $326,868 | 0.12% | 6,232 | Common | SOLE |
| 42806j148 | — | Hertz Global Holdings | $250,352 | 0.10% | 110,775 | Common | SOLE |
| 464287176 | TIP | iShares Barclays TIPS Bond | $235,446 | 0.09% | 2,119 | Common | SOLE |
| 74386T105 | PFS | Providient Financial Services | $198,541 | 0.08% | 11,563 | Common | SOLE |
| 444717102 | HGTXU | Hugoton Royalty Trust | $192,114 | 0.07% | 376,694 | Common | SOLE |
| 949746101 | WMT2 | Wells Fargo | $184,644 | 0.07% | 2,572 | Common | SOLE |
| 02376R102 | AAL | American Airlines Group | $174,560 | 0.07% | 16,546 | Common | SOLE |
| 74727a104 | — | QCR Holdings | $158,474 | 0.06% | 2,222 | Common | SOLE |
| 126600105 | CVBF | CVB Financial | $144,043 | 0.05% | 7,803 | Common | SOLE |
| 36828a101 | — | GE Vernova Inc | $129,439 | 0.05% | 424 | Common | SOLE |
| 458140100 | INTC | Intel Corporation | $119,841 | 0.05% | 5,277 | Common | SOLE |
| 46090e103 | — | Invesco NASDAQ 100 Trust | $115,354 | 0.04% | 246 | Common | SOLE |
| 25179m103 | — | Devon Energy Corporation | $114,145 | 0.04% | 3,052 | Common | SOLE |
| 726503105 | PAA | Plains All American Pipeline | $111,200 | 0.04% | 5,560 | Common | SOLE |
| 31810T101 | FINV | FinVolution Group | $102,242 | 0.04% | 10,617 | Common | SOLE |
| 302520101 | FNB | F.N.B. Corporation | $95,065 | 0.04% | 7,068 | Common | SOLE |
| 020764106 | AMR | Alpha Metallurgical Resources | $91,946 | 0.03% | 734 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing | $84,494 | 0.03% | 509 | Common | SOLE |
| 220014096 | — | McDermott International Ltd | $79,135 | 0.03% | 4,796 | Common | SOLE |
| y1968p121 | — | Danaos Corp | $78,888 | 0.03% | 1,011 | Common | SOLE |
| Y27183600 | GSL | Global Ship Lease | $76,753 | 0.03% | 3,359 | Common | SOLE |
| 85208M102 | SFM | Sprouts Farmers Market | $76,320 | 0.03% | 500 | Common | SOLE |
| 313586752 | — | Fannie Mae | $71,400 | 0.03% | 6,000 | Common | SOLE |
| 40609p105 | — | Hallador Energy | $68,007 | 0.03% | 5,538 | Common | SOLE |
| 345370860 | F | Ford Motor | $67,550 | 0.03% | 6,735 | Common | SOLE |
| y8564w103 | — | Teekay Inc | $64,563 | 0.02% | 9,827 | Common | SOLE |
| 909218125 | UNTCW | Unit Corp. Warrants | $63,577 | 0.02% | 142,869 | Common | SOLE |
| y81669106 | — | Stealthgas | $60,873 | 0.02% | 10,774 | Common | SOLE |
| 50077b207 | — | Kratos Defense & Security Solutions | $59,380 | 0.02% | 2,000 | Common | SOLE |
| 046353108 | AZNN | Astrazeneca PLC | $58,800 | 0.02% | 800 | Common | SOLE |
| L00849106 | AGRO | Adecoagro SA | $58,062 | 0.02% | 5,198 | Common | SOLE |
| 46817M206 | — | Jackson Financial | $57,904 | 0.02% | 2,200 | Common | SOLE |
| y8565n102 | — | Teekay Tankers Ltd | $56,793 | 0.02% | 1,484 | Common | SOLE |
| 90353t100 | — | Uber Technologies Inc | $53,261 | 0.02% | 731 | Common | SOLE |
| 80007p869 | — | SandRidge Energy | $52,989 | 0.02% | 4,640 | Common | SOLE |
| 902973304 | USB | U S Bancorp Del New | $52,902 | 0.02% | 1,253 | Common | SOLE |
| 423403104 | MOMO | Hello Group Inc | $52,853 | 0.02% | 8,376 | Common | SOLE |
| 889478103 | TOL | Toll Brothers | $49,838 | 0.02% | 472 | Common | SOLE |
| 02376RAF9 | AAL 6.5 07/01/25 | American Airlines | $49,737 | 0.02% | 50,000 | Common | SOLE |
| 36266G107 | GEHC | GE Healthcare Technologies Inc | $46,893 | 0.02% | 581 | Common | SOLE |
| 55616p104 | — | Macy's | $43,960 | 0.02% | 3,500 | Common | SOLE |
| 165167735 | EXE | Expand Energy Corporation | $43,604 | 0.02% | 392 | Common | SOLE |
| y2685t131 | — | Genco Shipping & Trading Ltd | $41,416 | 0.02% | 3,100 | Common | SOLE |
| 05945f103 | — | BancFirst Corporation | $39,553 | 0.02% | 360 | Common | SOLE |
| 152006102 | CGAU | Centerra Gold Inc | $38,887 | 0.01% | 6,124 | Common | SOLE |
| 83212B106 | — | Shenandoah Telecommunications | $37,961 | 0.01% | 3,020 | Common | SOLE |
| 26884l109 | — | EQT Corp | $37,417 | 0.01% | 700 | Common | SOLE |
| 720190206 | PDM | Piedmont Office Realty Trust | $34,772 | 0.01% | 4,718 | Common | SOLE |
| 69374H857 | CALF | Pacer US Small Cap Cash Cows 1 | $33,675 | 0.01% | 898 | Common | SOLE |
| 00162q676 | — | Alerian Energy Infrastructure | $32,770 | 0.01% | 1,000 | Common | SOLE |
| 55826T102 | SPHR | Sphere Entertainment Company | $31,804 | 0.01% | 972 | Common | SOLE |
| 018581108 | BFH | Bread Financial Holdings | $31,550 | 0.01% | 630 | Common | SOLE |
| y1771g102 | — | Costamare Inc | $31,193 | 0.01% | 3,170 | Common | SOLE |
| 105368203 | BDN | Brandywine Realty Trust | $31,144 | 0.01% | 6,983 | Common | SOLE |
| n00985106 | — | AerCap Holdings | $31,060 | 0.01% | 304 | Common | SOLE |
| 06738e204 | — | Barclays PLC | $30,904 | 0.01% | 2,012 | Common | SOLE |
| 72352l106 | — | Pinterest Inc | $30,566 | 0.01% | 986 | Common | SOLE |
| 75282u104 | — | Ranger Energy Services | $29,260 | 0.01% | 2,062 | Common | SOLE |
| 91325v108 | — | Uniti Group | $29,232 | 0.01% | 5,800 | Common | SOLE |
| 165167180 | EXEEL | Expand Energy | $28,884 | 0.01% | 287 | Common | SOLE |
| 46269c102 | — | Iridium Communications Inc | $28,713 | 0.01% | 1,051 | Common | SOLE |
| 75508b104 | — | Rayonier Advanced Materials | $28,307 | 0.01% | 4,923 | Common | SOLE |
| 665531307 | NOG | Northern Oil and Gas Inc | $28,084 | 0.01% | 929 | Common | SOLE |
| 08579x101 | — | Berry Corp | $27,141 | 0.01% | 8,455 | Common | SOLE |
| y0207t100 | — | Ardmore Shipping Corp | $26,942 | 0.01% | 2,752 | Common | SOLE |
| y7542c130 | — | Scorpio Tankers Inc | $26,081 | 0.01% | 694 | Common | SOLE |
| 26875p101 | — | EOG Resources Inc | $25,648 | 0.01% | 200 | Common | SOLE |
| 923725105 | VET | Vermilion Energy | $24,729 | 0.01% | 3,053 | Common | SOLE |
| 067901108 | ABX | Barrick Gold Corp | $24,086 | 0.01% | 1,239 | Common | SOLE |
| m9t951109 | — | Zim Integrated Shipping | $23,461 | 0.01% | 1,608 | Common | SOLE |
| g87264100 | — | Tecnoglass Inc | $23,397 | 0.01% | 327 | Common | SOLE |
| 651639106 | NEM | Newmont Mining Corp | $19,312 | 0.01% | 400 | Common | SOLE |
| 37045v100 | — | General Motors | $18,812 | 0.01% | 400 | Common | SOLE |
| y41053102 | — | International Seaways Inc | $18,127 | 0.01% | 546 | Common | SOLE |
| 197236102 | COLB | Columbia Banking System | $14,764 | 0.01% | 592 | Common | SOLE |
| 302301106 | EZPW | EZCORP Inc | $14,720 | 0.01% | 1,000 | Common | SOLE |
| 59001a102 | — | Meritage Homes Corporation | $14,176 | 0.01% | 200 | Common | SOLE |
| 084680107 | BBT | Berkshire Hills Bancorp Inc | $14,089 | 0.01% | 540 | Common | SOLE |
| 151350109 | — | Cenovus Energy Inc | $13,187 | 0.01% | 948 | Common | SOLE |
| 86887q109 | — | SuRo Capital | $6,605 | 0.00% | 1,329 | Common | SOLE |
| 384313508 | EAFEUR | Graftech International | $5,443 | 0.00% | 6,225 | Common | SOLE |
| 023139884 | OSG | AMBAC Financial | $1,628 | 0.00% | 186 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.