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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
GOOGL icon
151
Alphabet (Google) Class A
GOOGL
$4.33T
$8.72M 0.17%
165,600
+1,360
+0.8% +$70.2K
NVS icon
152
Novartis
NVS
$297B
$8.69M 0.17%
115,553
-1,993
-2% -$150K
CAT icon
153
Caterpillar
CAT
$387B
$8.66M 0.17%
54,964
-220
-0.4% -$30.5K
GD icon
154
General Dynamics
GD
$106B
$8.65M 0.17%
42,498
-170
-0.4% -$34.7K
LSXMA
155
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$8.55M 0.16%
298,558
-20,195
-6% -$609K
AMZN icon
156
Amazon
AMZN
$2.96T
$8.48M 0.16%
145,080
+8,600
+6% +$473K
IMGN
157
DELISTED
Immunogen Inc
IMGN
$8.48M 0.16%
1,322,231
-144,448
-10% -$891K
LXRX icon
158
Lexicon Pharmaceuticals
LXRX
$1.1B
$8.44M 0.16%
854,175
-42,870
-5% -$445K
PM icon
159
Philip Morris
PM
$295B
$8.43M 0.16%
79,792
-1,312
-2% -$140K
PRF icon
160
Invesco FTSE RAFI US 1000 ETF
PRF
$10B
$8.38M 0.16%
369,030
+3,065
+0.8% +$67.5K
COP icon
161
ConocoPhillips
COP
$141B
$8.38M 0.16%
152,591
-3,797
-2% -$195K
MSGN
162
DELISTED
MSG Networks Inc.
MSGN
$8.37M 0.16%
413,505
-42,265
-9% -$814K
VLO icon
163
Valero Energy
VLO
$85.9B
$8.36M 0.16%
90,959
-2,953
-3% -$244K
LYB icon
164
LyondellBasell Industries
LYB
$19.2B
$8.34M 0.16%
75,630
-4,533
-6% -$470K
BLK icon
165
Blackrock
BLK
$176B
$8.28M 0.16%
16,114
-122
-0.8% -$59.3K
WM icon
166
Waste Management
WM
$91B
$8.28M 0.16%
95,897
-482
-0.5% -$39.2K
MCD icon
167
McDonald's
MCD
$195B
$7.99M 0.15%
46,394
+469
+1% +$78.8K
HWM icon
168
Howmet Aerospace
HWM
$112B
$7.94M 0.15%
379,772
-12,127
-3% -$236K
GM icon
169
General Motors
GM
$76.8B
$7.83M 0.15%
191,056
-6,198
-3% -$269K
IVZ icon
170
Invesco
IVZ
$13.9B
$7.72M 0.15%
211,335
-8,817
-4% -$319K
VIAB
171
DELISTED
Viacom Inc. Class B
VIAB
$7.67M 0.15%
248,975
-49,299
-17% -$1.34M
DFS
172
DELISTED
Discover Financial Services
DFS
$7.59M 0.15%
98,693
-93
-0.1% -$6.4K
VNQ icon
173
Vanguard Real Estate ETF
VNQ
$39B
$7.56M 0.15%
91,097
-9,291
-9% -$779K
CYTK icon
174
Cytokinetics
CYTK
$10.4B
$7.15M 0.14%
877,575
-131,230
-13% -$1.49M
TEN
175
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
$7M 0.13%
119,595
-850
-0.7% -$50.2K
5 6
7
8 9

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SFM
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HKAM
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SUT
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VAS
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A
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IAA
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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.