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Pinnacle Associates Portfolio holdings

AUM $9.16B
1-Year Est. Return 63.5%
This Fund
S&P 500
This Quarter Est. Return
+4.15%
1 Year Est. Return
+63.5%
3 Year Est. Return
+138.65%
5 Year Est. Return
+164.85%
10 Year Est. Return
+932.39%
AUM
$5.2B
AUM Growth
-$219M
Cap. Flow
-$370M
Cap. Flow %
-7.11%
Top 10 Hldgs %
18.34%
Holding
708
New
42
Increased
173
Reduced
401
Closed
28

Top Buys

Rank Stock Value
1
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
+$13.6M
2
ALK icon
Alaska Air
ALK
+$9.49M
3
DAL icon
Delta Air Lines
DAL
+$7.84M
4
MWA icon
Mueller Water Products
MWA
+$4.38M
5
BAC icon
Bank of America
BAC
+$3.31M

Top Sells

Rank Stock Value
1
LVLT
Level 3 Communications Inc
LVLT
+$45.4M
2
KITE
Kite Pharma, Inc.
KITE
+$42.2M
3
LRCX icon
Lam Research
LRCX
+$19.8M
4
RCL icon
Royal Caribbean
RCL
+$13.4M
5
QRVO icon
Qorvo
QRVO
+$11.1M

Sector Composition

Rank Sector Weight
1 Technology 20.94%
2 Communication Services 14.2%
3 Healthcare 13.83%
4 Industrials 9.95%
5 Financials 9.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
126
DELISTED
Altaba Inc
AABA
$10.4M 0.2%
149,135
-3,500
-2% -$244K
HYS icon
127
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
$10.4M 0.2%
103,548
-5,187
-5% -$523K
CNI icon
128
Canadian National Railway
CNI
$76.6B
$10.4M 0.2%
126,018
-1,142
-0.9% -$92K
ORCL icon
129
Oracle
ORCL
$423B
$10.4M 0.2%
219,224
-1,699
-0.8% -$83.3K
CVX icon
130
Chevron
CVX
$366B
$10.3M 0.2%
82,531
-1,245
-1% -$148K
CVS icon
131
CVS Health
CVS
$122B
$10.2M 0.2%
141,297
-33,216
-19% -$2.41M
BAX icon
132
Baxter International
BAX
$14.2B
$10.1M 0.19%
155,692
-946
-0.6% -$60.7K
IBB icon
133
iShares Biotechnology ETF
IBB
$9.77B
$10M 0.19%
94,078
+3,973
+4% +$425K
DVN icon
134
Devon Energy
DVN
$47.3B
$9.91M 0.19%
239,337
+1,815
+0.8% +$68.7K
LMT icon
135
Lockheed Martin
LMT
$136B
$9.88M 0.19%
30,758
+315
+1% +$99.3K
MO icon
136
Altria Group
MO
$114B
$9.85M 0.19%
137,878
-21,385
-13% -$1.43M
BND icon
137
Vanguard Total Bond Market
BND
$158B
$9.83M 0.19%
120,523
+8,777
+8% +$717K
ALK icon
138
Alaska Air
ALK
$5.58B
$9.81M 0.19%
+133,438
New +$9.49M
CWB icon
139
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.69B
$9.69M 0.19%
191,440
-952
-0.5% -$49K
TWX
140
DELISTED
Time Warner Inc
TWX
$9.49M 0.18%
103,758
-4,291
-4% -$405K
FCX icon
141
Freeport-McMoran
FCX
$97.5B
$9.29M 0.18%
489,939
-4,925
-1% -$74.3K
BNY
142
Bank of New York Mellon
BNY
$107B
$9.29M 0.18%
172,414
-1,581
-0.9% -$84.2K
MGM icon
143
MGM Resorts International
MGM
$11.2B
$9.16M 0.18%
274,378
-53,019
-16% -$1.71M
GS icon
144
Goldman Sachs
GS
$303B
$9.15M 0.18%
35,924
-145
-0.4% -$35.6K
FIZZ icon
145
National Beverage
FIZZ
$3.01B
$9.09M 0.17%
186,490
+800
+0.4% +$41K
UNP icon
146
Union Pacific
UNP
$174B
$9.02M 0.17%
67,267
-569
-0.8% -$68.6K
SWKS icon
147
Skyworks Solutions
SWKS
$10.6B
$8.95M 0.17%
94,286
+441
+0.5% +$46K
VGK icon
148
Vanguard FTSE Europe ETF
VGK
$31.4B
$8.93M 0.17%
150,915
+7,014
+5% +$409K
MEOH icon
149
Methanex
MEOH
$4.12B
$8.78M 0.17%
144,925
-3,400
-2% -$179K
MTSI icon
150
MACOM Technology Solutions
MTSI
$23.7B
$8.74M 0.17%
268,636
-45,112
-14% -$1.63M
4 5
6
7 8

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SFM
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HKAM
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SUT
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VAS
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Pinnacle Associates's Q4 2017 Portfolio in Review

As of Q4 2017, Pinnacle Associates held 708 positions worth $5.2B, down 4% from $5.42B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Pinnacle Associates withdrew a net $370M in Q4 2017, closing 28 positions and reducing 401 holdings. Its most notable exit was Level 3 Communications Inc, an estimated $45.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Pinnacle Associates opened a new position in Intercept Pharmaceuticals, Inc. worth $12.6M.

  • Pinnacle Associates's largest Q4 2017 buy was Intercept Pharmaceuticals, Inc.: 215,290 shares worth $12.6M.
  • Pinnacle Associates added most to Delta Air Lines in Q4 2017, an estimated $7.84M increase.
  • Pinnacle Associates's biggest Q4 2017 reduction was Lam Research, cutting an estimated $19.8M.
  • Pinnacle Associates fully exited Level 3 Communications Inc in Q4 2017, selling an estimated $45.4M.
  • Pinnacle Associates's ten largest holdings make up 18% of its $5.2B portfolio in Q4 2017.
  • Pinnacle Associates opened 42 new positions and closed 28 in Q4 2017.
  • Pinnacle Associates's portfolio value fell 4% quarter-over-quarter to $5.2B.

Based on Pinnacle Associates's 13F filing for Q4 2017, filed 12 Feb 2018.