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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
IDTI
26
DELISTED
Integrated Device Technology I
IDTI
$45.7M 0.88%
1,537,360
-131,916
-8% -$3.97M
DISCK
27
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$45.1M 0.87%
2,128,534
-209,860
-9% -$3.86M
MNDT
28
DELISTED
Mandiant, Inc. Common Stock
MNDT
$44.4M 0.85%
3,127,006
-232,195
-7% -$3.53M
ESPR
29
DELISTED
Esperion Therapeutics
ESPR
$43.4M 0.83%
659,803
-58,010
-8% -$3.12M
CONE
30
DELISTED
CyrusOne Inc Common Stock
CONE
$42.9M 0.82%
720,564
-63,765
-8% -$3.87M
HXL icon
31
Hexcel
HXL
$7.97B
$42.8M 0.82%
691,625
-65,814
-9% -$4M
CAE icon
32
CAE Inc. Common Shares
CAE
$8.44B
$40.9M 0.79%
2,202,109
-208,780
-9% -$3.69M
C icon
33
Citigroup
C
$213B
$40.5M 0.78%
544,349
-3,019
-0.6% -$223K
COHR icon
34
Coherent
COHR
$43.4B
$39.7M 0.76%
844,995
-80,390
-9% -$3.61M
VEU icon
35
Vanguard FTSE All-World ex-US ETF
VEU
$64.8B
$38.2M 0.73%
697,602
+16,494
+2% +$887K
WWE
36
DELISTED
World Wrestling Entertainment
WWE
$38M 0.73%
1,243,455
-120,300
-9% -$3.25M
RHI icon
37
Robert Half
RHI
$4.11B
$38M 0.73%
683,353
-67,571
-9% -$3.6M
CBB
38
DELISTED
Cincinnati Bell Inc.
CBB
$36.7M 0.71%
1,759,946
-139,793
-7% -$2.84M
SPY icon
39
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$36.3M 0.7%
135,863
-918
-0.7% -$239K
AMCX icon
40
AMC Global Media
AMCX
$450M
$36.1M 0.69%
668,455
-117,132
-15% -$6.25M
ARRY
41
DELISTED
Array Biopharma Inc
ARRY
$34.8M 0.67%
2,716,983
-251,125
-8% -$2.86M
IRDM icon
42
Iridium Communications
IRDM
$4.7B
$33.5M 0.64%
2,841,953
-270,590
-9% -$3.13M
MSGS icon
43
Madison Square Garden
MSGS
$9.59B
$33M 0.63%
219,663
-20,036
-8% -$3.09M
JHG
44
DELISTED
Janus Henderson
JHG
$32.4M 0.62%
846,903
-72,588
-8% -$2.62M
V icon
45
Visa
V
$677B
$32.3M 0.62%
283,201
-7,293
-3% -$805K
CMCSA icon
46
Comcast
CMCSA
$87.3B
$32.2M 0.62%
803,428
-11,304
-1% -$425K
MDCO
47
DELISTED
Medicines Co
MDCO
$31.9M 0.61%
1,167,141
-94,030
-7% -$2.9M
TDS icon
48
Telephone and Data Systems
TDS
$3.87B
$31.2M 0.6%
1,123,340
-78,713
-7% -$2.16M
MDY icon
49
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
$31.2M 0.6%
90,267
+345
+0.4% +$116K
BID
50
DELISTED
Sotheby's
BID
$30.8M 0.59%
597,357
-56,446
-9% -$2.82M
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.