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Pinnacle Associates Portfolio holdings

AUM $7.78B
1-Year Est. Return 45.07%
This Fund
S&P 500
This Quarter Est. Return
+4.15%
1 Year Est. Return
+45.07%
3 Year Est. Return
+102.47%
5 Year Est. Return
+115.95%
10 Year Est. Return
+586.2%
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
RCL icon
1
Royal Caribbean
RCL
$78.7B
$134M 2.58%
1,124,849
-108,057
-9% -$13.4M
LRCX icon
2
Lam Research
LRCX
$382B
$131M 2.51%
7,108,590
-1,008,230
-12% -$19.8M
CGNX icon
3
Cognex
CGNX
$10.3B
$110M 2.11%
1,795,778
-167,866
-9% -$10.7M
QRVO icon
4
Qorvo
QRVO
$7.63B
$109M 2.1%
1,640,145
-151,992
-8% -$11.1M
REGN icon
5
Regeneron Pharmaceuticals
REGN
$68.8B
$92M 1.77%
244,758
-19,349
-7% -$7.84M
TRMB icon
6
Trimble
TRMB
$12.3B
$82.8M 1.59%
2,038,556
-195,659
-9% -$8.02M
INXN
7
DELISTED
Interxion Holding N.V.
INXN
$79.7M 1.53%
1,352,624
-130,012
-9% -$7.2M
LITE icon
8
Lumentum
LITE
$59.4B
$75.1M 1.44%
1,535,577
-50,312
-3% -$2.8M
AAPL icon
9
Apple
AAPL
$4.89T
$73.1M 1.41%
1,728,984
-77,536
-4% -$3.24M
LVS icon
10
Las Vegas Sands
LVS
$30.5B
$67.6M 1.3%
972,727
-85,283
-8% -$5.69M
CMI icon
11
Cummins
CMI
$91.7B
$65.6M 1.26%
371,609
-31,302
-8% -$5.35M
IONS icon
12
Ionis Pharmaceuticals
IONS
$9.35B
$64.8M 1.25%
1,289,221
-109,244
-8% -$5.99M
MSFT icon
13
Microsoft
MSFT
$2.84T
$63M 1.21%
736,927
-16,853
-2% -$1.38M
ARRS
14
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$58.7M 1.13%
2,283,244
-223,840
-9% -$6.29M
JPM icon
15
JPMorgan Chase
JPM
$939B
$55.4M 1.06%
517,619
+7,448
+1% +$754K
AMBA icon
16
Ambarella
AMBA
$2.99B
$55.3M 1.06%
940,939
-73,550
-7% -$4.09M
RJF icon
17
Raymond James Financial
RJF
$32.5B
$51.2M 0.98%
859,398
-66,539
-7% -$3.83M
SBGI icon
18
Sinclair Inc
SBGI
$974M
$50.7M 0.97%
1,338,741
-136,435
-9% -$4.52M
SGEN
19
DELISTED
Seagen Inc. Common Stock
SGEN
$49.8M 0.96%
930,673
-75,279
-7% -$4.4M
BYD icon
20
Boyd Gaming
BYD
$6.47B
$49.6M 0.95%
1,414,003
-141,705
-9% -$4.29M
PPLI
21
People Inc
PPLI
$3.1B
$48.9M 0.94%
2,237,352
-220,224
-9% -$4.93M
LAZ icon
22
Lazard
LAZ
$4.37B
$48.6M 0.93%
926,101
-102,429
-10% -$4.91M
TGNA
23
DELISTED
TEGNA Inc
TGNA
$48.1M 0.92%
3,418,014
-327,531
-9% -$4.29M
KSU
24
DELISTED
Kansas City Southern
KSU
$47.8M 0.92%
454,554
-41,347
-8% -$4.41M
VB icon
25
Vanguard Small-Cap ETF
VB
$79.5B
$47.8M 0.92%
323,543
+8,725
+3% +$1.26M
1
2 3 4 5

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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.