Pinnacle Wealth Management 13F annual report
Pinnacle Wealth Management is an investment fund managing more than $142 billion ran by Daniel Cesta. There are currently 71 companies in Mr. Cesta’s portfolio. The largest investments include Ishares Tr and Microsoft, together worth $55.7 billion.
$142 billion Assets Under Management (AUM)
As of 17th July 2024, Pinnacle Wealth Management’s top holding is 482,700 shares of Ishares Tr currently worth over $49.2 billion and making up 34.6% of the portfolio value.
In addition, the fund holds 14,465 shares of Microsoft worth $6.47 billion, whose value grew 8.6% in the past six months.
The third-largest holding is Innovator ETFs Trust worth $30.2 billion and the next is Invesco Exchange Traded Fd T worth $4.85 billion, with 31,653 shares owned.
Currently, Pinnacle Wealth Management's portfolio is worth at least $142 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pinnacle Wealth Management
The Pinnacle Wealth Management office and employees reside in Plymouth, Michigan. According to the last 13-F report filed with the SEC, Daniel Cesta serves as the President at Pinnacle Wealth Management.
Recent trades
In the most recent 13F filing, Pinnacle Wealth Management revealed that it had opened a new position in
Innovator ETFs Trust and bought 11,400 shares worth $443 million.
This means they effectively own approximately 0.1% of the company.
Innovator ETFs Trust makes up
1.2%
of the fund's Miscellaneous sector allocation and has grown its share price by 11.7% in the past year.
The investment fund also strengthened its position in Ishares Tr by buying
70,715 additional shares.
This makes their stake in Ishares Tr total 482,700 shares worth $49.2 billion.
On the other hand, there are companies that Pinnacle Wealth Management is getting rid of from its portfolio.
Pinnacle Wealth Management closed its position in Ishares Tr on 24th July 2024.
It sold the previously owned 23,812 shares for $1.24 billion.
Daniel Cesta also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $6.47 billion and 14,465 shares.
One of the smallest hedge funds
The two most similar investment funds to Pinnacle Wealth Management are Nine Masts Capital Ltd and Sard Wealth Management Group. They manage $142 billion and $142 billion respectively.
Daniel Cesta investment strategy
Pinnacle Wealth Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Miscellaneous — making up 26.7% of
the total portfolio value.
The fund focuses on investments in the United States as
46.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
48% of the total holdings value.
On the other hand, small-cap stocks make up only 8.5% of the portfolio.
The average market cap of the portfolio companies is close to $220 billion.
The complete list of Pinnacle Wealth Management trades based on 13F SEC filings
These positions were updated on July 24th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Tr |
17.16%
482,700
|
$49,235,735,000 | 34.56% |
| Microsoft Corporation |
0.45%
14,465
|
$6,465,132,000 | 4.54% |
| Innovator ETFs Trust |
15.63%
910,847
|
$30,196,866,000 | 21.19% |
| Invesco Exchange Traded Fd T |
14.20%
31,653
|
$4,849,676,000 | 3.40% |
| Pacer Fds Tr |
16.23%
60,472
|
$3,295,119,000 | 2.31% |
| Morgan Stanley |
0.37%
32,556
|
$3,164,106,000 | 2.22% |
| Apple Inc |
1.15%
14,330
|
$3,018,151,000 | 2.12% |
| VanEck ETF Trust |
7.53%
84,639
|
$2,871,810,000 | 2.02% |
| Global X Fds |
11.11%
143,028
|
$4,716,719,000 | 3.31% |
| Jpmorgan Chase Co. |
0.35%
11,183
|
$2,261,916,000 | 1.59% |
| Pepsico Inc |
0.63%
10,240
|
$1,688,883,000 | 1.19% |
| United Parcel Service, Inc. |
0.49%
11,429
|
$1,564,115,000 | 1.10% |
| Agnico Eagle Mines Ltd |
4.44%
23,532
|
$1,538,993,000 | 1.08% |
| Verizon Communications Inc |
0.63%
34,141
|
$1,407,994,000 | 0.99% |
| Amazon.com Inc. |
3.19%
6,461
|
$1,248,588,000 | 0.88% |
| Abbvie Inc |
0.03%
6,767
|
$1,160,618,000 | 0.81% |
| Visa Inc |
0.82%
4,247
|
$1,114,827,000 | 0.78% |
| Alamos Gold Inc. |
No change
70,671
|
$1,108,126,000 | 0.78% |
| Republic Svcs Inc |
0.87%
5,677
|
$1,103,268,000 | 0.77% |
| Alphabet Inc |
1.39%
8,544
|
$1,561,006,000 | 1.10% |
| Procter And Gamble Co |
2.42%
5,154
|
$849,998,000 | 0.60% |
| Boeing Co. |
17.39%
4,536
|
$825,597,000 | 0.58% |
| New Gold Inc Cda |
11.32%
375,550
|
$732,322,000 | 0.51% |
| Ishares Tr |
Closed
23,812
|
$1,243,479,000 | |
| T-Mobile US, Inc. |
2.04%
3,850
|
$678,293,000 | 0.48% |
| Johnson Johnson |
25.45%
4,511
|
$659,328,000 | 0.46% |
| Vanguard Index Fds |
0.77%
2,219
|
$593,605,000 | 0.42% |
| Schwab Strategic Tr |
Closed
20,085
|
$854,543,000 | |
| Automatic Data Processing In |
16.98%
2,371
|
$565,934,000 | 0.40% |
| Taiwan Semiconductor Mfg Ltd |
No change
2,850
|
$495,358,000 | 0.35% |
| Oracle Corp. |
No change
3,496
|
$493,635,000 | 0.35% |
| Exxon Mobil Corp. |
No change
4,235
|
$487,533,000 | 0.34% |
| Ecolab, Inc. |
0.55%
2,011
|
$478,618,000 | 0.34% |
| American Tower Corp. |
6.80%
2,400
|
$466,512,000 | 0.33% |
| Abbott Labs |
No change
4,428
|
$460,113,000 | 0.32% |
| Spdr Dow Jones Indl Average |
3.29%
1,161
|
$454,102,000 | 0.32% |
| Chevron Corp. |
No change
2,899
|
$453,462,000 | 0.32% |
| Innovator ETFs Trust |
Opened
11,400
|
$442,890,000 | 0.31% |
| Brookfield Infrastructure Corporation |
35.89%
13,141
|
$442,326,000 | 0.31% |
| Spdr Ser Tr |
No change
17,461
|
$749,518,000 | 0.53% |
| Bank America Corp |
3.69%
10,748
|
$427,448,000 | 0.30% |
| The Southern Co. |
No change
5,424
|
$420,740,000 | 0.30% |
| Ishares Tr |
Opened
3,362
|
$399,338,000 | 0.28% |
| Duke Energy Corp. |
0.73%
3,748
|
$375,662,000 | 0.26% |
| Berkshire Hathaway Inc. |
2.26%
859
|
$349,441,000 | 0.25% |
| Crown Castle Inc |
5.14%
3,543
|
$346,192,000 | 0.24% |
| Welltower Inc. |
No change
3,318
|
$345,878,000 | 0.24% |
| DTE Energy Co. |
No change
3,058
|
$339,524,000 | 0.24% |
| Mondelez International Inc. |
No change
4,900
|
$320,656,000 | 0.23% |
| Schwab Strategic Tr |
No change
6,000
|
$312,060,000 | 0.22% |
| Home Depot, Inc. |
4.76%
901
|
$310,160,000 | 0.22% |
| Brookfield Renewable Corporation |
Opened
10,700
|
$303,666,000 | 0.21% |
| Ameren Corp. |
No change
3,956
|
$281,311,000 | 0.20% |
| CMS Energy Corporation |
No change
4,725
|
$281,294,000 | 0.20% |
| NVIDIA Corp |
Opened
2,265
|
$279,818,000 | 0.20% |
| NextEra Energy Inc |
17.44%
3,939
|
$278,911,000 | 0.20% |
| Merck Co Inc |
No change
2,184
|
$270,379,000 | 0.19% |
| KT Corporation |
No change
18,850
|
$257,680,000 | 0.18% |
| Vanguard Index Fds |
Opened
506
|
$253,170,000 | 0.18% |
| VanEck ETF Trust |
Closed
10,018
|
$245,541,000 | |
| Motorola Solutions Inc |
No change
621
|
$239,602,000 | 0.17% |
| Paychex Inc. |
No change
2,007
|
$237,948,000 | 0.17% |
| Newmont Corp |
6.64%
5,620
|
$235,309,000 | 0.17% |
| Chesapeake Energy Corp. |
Opened
2,654
|
$218,101,000 | 0.15% |
| Advanced Micro Devices Inc. |
No change
1,338
|
$217,037,000 | 0.15% |
| Spdr Ser Tr |
Closed
7,490
|
$211,068,000 | |
| Wells Fargo Co New |
No change
3,550
|
$210,834,000 | 0.15% |
| Pulte Group Inc |
No change
1,900
|
$209,190,000 | 0.15% |
| Union Pac Corp |
Closed
848
|
$208,549,000 | |
| Unitedhealth Group Inc |
Closed
415
|
$205,300,000 | |
| Devon Energy Corp. |
Closed
4,059
|
$203,668,000 | |
| Barrick Gold Corp. |
No change
11,700
|
$195,156,000 | 0.14% |
| Ford Mtr Co Del |
4.18%
14,653
|
$183,749,000 | 0.13% |
| Hecla Mng Co |
0.05%
28,282
|
$137,167,000 | 0.10% |
| Vodafone Group plc |
No change
14,836
|
$131,594,000 | 0.09% |
| Nokia Corp |
34.85%
28,037
|
$105,980,000 | 0.07% |
| Evgo Inc |
No change
24,100
|
$59,045,000 | 0.04% |
| I-80 Gold Corp |
130.00%
46,000
|
$49,680,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 78 holdings | |||
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