Pinnacle Wealth Management is an investment fund managing more than $80 billion ran by Kenyon Lederer. There are currently 41 companies in Mr. Lederer’s portfolio. The largest investments include NVIDIA Corp and Arista Networks Inc, together worth $10.1 billion.
As of 23rd July 2024, Pinnacle Wealth Management’s top holding is 49,557 shares of NVIDIA Corp currently worth over $6.12 billion and making up 7.7% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Pinnacle Wealth Management owns more than approximately 0.1% of the company.
In addition, the fund holds 11,376 shares of Arista Networks Inc worth $3.99 billion, whose value grew 25.8% in the past six months.
The third-largest holding is Meta Platforms Inc worth $3.97 billion and the next is Amazon.com worth $3.68 billion, with 19,065 shares owned.
Currently, Pinnacle Wealth Management's portfolio is worth at least $80 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.
The Pinnacle Wealth Management office and employees reside in Roseville, California. According to the last 13-F report filed with the SEC, Kenyon Lederer serves as the Chief Compliance Officer at Pinnacle Wealth Management.
In the most recent 13F filing, Pinnacle Wealth Management revealed that it had opened a new position in
Palo Alto Networks Inc and bought 8,071 shares worth $2.74 billion.
This means they effectively own approximately 0.1% of the company.
Palo Alto Networks Inc makes up
7.0%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
43,763 additional shares.
This makes their stake in NVIDIA Corp total 49,557 shares worth $6.12 billion.
NVIDIA Corp dropped approximately 0.1% in the past year.
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 Schwab Strategic Tr on 30th July 2024.
It sold the previously owned 233,275 shares for $10.3 billion.
Kenyon Lederer also disclosed a decreased stake in Arista Networks Inc by 0.2%.
This leaves the value of the investment at $3.99 billion and 11,376 shares.
The two most similar investment funds to Pinnacle Wealth Management are Carnegie Mellon University and Odey Asset Management LL.P.. They manage $80.1 billion and $80.1 billion respectively.
Pinnacle Wealth Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 49.2% of
the total portfolio value.
The fund focuses on investments in the United States as
63.4% 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
54% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $293 billion.
These positions were updated on July 30th 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 |
|---|---|---|---|
| Schwab Strategic Tr |
Closed
233,275
|
$10,317,753,000 | |
| NVIDIA Corp |
755.32%
49,557
|
$6,122,272,000 | 7.66% |
| Vanguard Scottsdale Fds |
Closed
79,785
|
$4,428,865,000 | |
| Arista Networks Inc |
24.71%
11,376
|
$3,987,060,000 | 4.99% |
| Meta Platforms Inc |
13.27%
7,876
|
$3,971,237,000 | 4.97% |
| Amazon.com Inc. |
6.96%
19,065
|
$3,684,226,000 | 4.61% |
| Alphabet Inc |
10.22%
19,645
|
$3,603,374,000 | 4.51% |
| Vanguard Intl Equity Index F |
Closed
57,992
|
$3,359,477,000 | |
| Intuitive Surgical Inc |
5.59%
7,328
|
$3,259,861,000 | 4.08% |
| Microsoft Corporation |
8.49%
7,110
|
$3,177,819,000 | 3.97% |
| Advanced Micro Devices Inc. |
25.63%
17,693
|
$2,869,982,000 | 3.59% |
| Palo Alto Networks Inc |
Opened
8,071
|
$2,736,150,000 | 3.42% |
| KLA Corp. |
42.97%
3,248
|
$2,678,008,000 | 3.35% |
| Salesforce Inc |
39.99%
10,092
|
$2,594,653,000 | 3.24% |
| Caterpillar Inc. |
Opened
7,311
|
$2,435,294,000 | 3.05% |
| Transdigm Group Incorporated |
Opened
1,860
|
$2,376,355,000 | 2.97% |
| Super Micro Computer Inc |
Opened
2,797
|
$2,291,722,000 | 2.87% |
| Apple Inc |
19.83%
10,808
|
$2,276,381,000 | 2.85% |
| Crowdstrike Holdings Inc |
Opened
5,820
|
$2,230,166,000 | 2.79% |
| Jpmorgan Chase Co. |
Opened
10,325
|
$2,088,335,000 | 2.61% |
| Marathon Pete Corp |
12.38%
11,878
|
$2,060,595,000 | 2.58% |
| American Express Co. |
8.16%
8,782
|
$2,033,472,000 | 2.54% |
| Valero Energy Corp. |
Closed
13,941
|
$1,975,579,000 | |
| Tesla Inc |
1.96%
9,916
|
$1,962,178,000 | 2.45% |
| Cadence Design System Inc |
10.06%
6,360
|
$1,957,290,000 | 2.45% |
| Phillips 66 |
Closed
15,992
|
$1,921,439,000 | |
| Exxon Mobil Corp. |
Closed
16,250
|
$1,910,675,000 | |
| Proshares Tr |
Closed
133,460
|
$1,843,083,000 | |
| Netflix Inc. |
Opened
2,660
|
$1,795,181,000 | 2.24% |
| Cf Inds Hldgs Inc |
Closed
20,741
|
$1,778,333,000 | |
| ServiceNow Inc |
26.19%
2,125
|
$1,671,674,000 | 2.09% |
| Fortive Corp |
Closed
22,010
|
$1,632,262,000 | |
| Deckers Outdoor Corp. |
Opened
1,651
|
$1,598,085,000 | 2.00% |
| ON Semiconductor Corp. |
Closed
17,032
|
$1,583,124,000 | |
| Vertex Pharmaceuticals, Inc. |
Closed
4,494
|
$1,562,744,000 | |
| Installed Bldg Prods Inc |
Opened
7,464
|
$1,535,196,000 | 1.92% |
| Procter And Gamble Co |
Closed
10,478
|
$1,528,321,000 | |
| TopBuild Corp |
Opened
3,816
|
$1,470,190,000 | 1.84% |
| Monster Beverage Corp. |
Closed
27,524
|
$1,457,396,000 | |
| Grainger W W Inc |
Closed
2,098
|
$1,451,480,000 | |
| Honeywell International Inc |
Closed
7,788
|
$1,438,755,000 | |
| Zscaler Inc |
Opened
7,283
|
$1,399,720,000 | 1.75% |
| Eagle Matls Inc |
Opened
5,977
|
$1,299,758,000 | 1.63% |
| Rex American Res Corp |
Opened
28,366
|
$1,293,206,000 | 1.62% |
| HCI Group Inc |
Opened
13,914
|
$1,282,453,000 | 1.60% |
| Fortinet Inc |
Closed
21,836
|
$1,281,336,000 | |
| PayPal Holdings Inc |
Closed
21,838
|
$1,276,649,000 | |
| Axon Enterprise Inc |
Opened
3,135
|
$922,442,000 | 1.15% |
| Costco Whsl Corp New |
Opened
942
|
$800,691,000 | 1.00% |
| Conocophillips |
Opened
6,647
|
$760,284,000 | 0.95% |
| Diamondback Energy Inc |
Opened
3,788
|
$758,320,000 | 0.95% |
| Eog Res Inc |
Opened
5,826
|
$733,319,000 | 0.92% |
| Bny Mellon Etf Trust |
51.72%
5,818
|
$603,792,000 | 0.76% |
| T Rowe Price Etf Inc |
Opened
16,638
|
$522,600,000 | 0.65% |
| Schwab Strategic Tr |
Opened
7,343
|
$348,425,000 | 0.44% |
| Pimco Etf Tr |
23.00%
13,173
|
$337,756,000 | 0.42% |
| Select Sector Spdr Tr |
Closed
1,913
|
$246,280,000 | |
| Microchip Technology, Inc. |
Closed
3,000
|
$234,150,000 | |
| Schwab Strategic Tr |
94.04%
7,399
|
$218,788,000 | 0.27% |
| Select Sector Spdr Tr |
54.54%
957
|
$216,502,000 | 0.27% |
| No transactions found | |||
| Showing first 500 out of 60 holdings | |||