Pinnacle Wealth Management 13F annual report

Pinnacle Wealth Management is an investment fund managing more than $142 billion ran by Daniel Cesta. There are currently 71 companies in Mr. Cesta’s portfolio. The largest investments include Ishares Tr and Microsoft, together worth $55.7 billion.

Limited to 30 biggest holdings

$142 billion Assets Under Management (AUM)

As of 17th July 2024, Pinnacle Wealth Management’s top holding is 482,700 shares of Ishares Tr currently worth over $49.2 billion and making up 34.6% of the portfolio value. In addition, the fund holds 14,465 shares of Microsoft worth $6.47 billion, whose value grew 8.6% in the past six months. The third-largest holding is Innovator ETFs Trust worth $30.2 billion and the next is Invesco Exchange Traded Fd T worth $4.85 billion, with 31,653 shares owned.

Currently, Pinnacle Wealth Management's portfolio is worth at least $142 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.

Careers at Pinnacle Wealth Management

The Pinnacle Wealth Management office and employees reside in Plymouth, Michigan. According to the last 13-F report filed with the SEC, Daniel Cesta serves as the President at Pinnacle Wealth Management.

Recent trades

In the most recent 13F filing, Pinnacle Wealth Management revealed that it had opened a new position in Innovator ETFs Trust and bought 11,400 shares worth $443 million. This means they effectively own approximately 0.1% of the company. Innovator ETFs Trust makes up 1.2% of the fund's Miscellaneous sector allocation and has grown its share price by 11.7% in the past year.

The investment fund also strengthened its position in Ishares Tr by buying 70,715 additional shares. This makes their stake in Ishares Tr total 482,700 shares worth $49.2 billion.

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 Ishares Tr on 24th July 2024. It sold the previously owned 23,812 shares for $1.24 billion. Daniel Cesta also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $6.47 billion and 14,465 shares.

One of the smallest hedge funds

The two most similar investment funds to Pinnacle Wealth Management are Nine Masts Capital Ltd and Sard Wealth Management Group. They manage $142 billion and $142 billion respectively.


Daniel Cesta investment strategy

Pinnacle Wealth Management’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Miscellaneous — making up 26.7% of the total portfolio value. The fund focuses on investments in the United States as 46.5% 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 48% of the total holdings value. On the other hand, small-cap stocks make up only 8.5% of the portfolio. The average market cap of the portfolio companies is close to $220 billion.

The complete list of Pinnacle Wealth Management trades based on 13F SEC filings

These positions were updated on July 24th 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
Ishares Tr
17.16%
482,700
$49,235,735,000 34.56%
Microsoft Corporation
0.45%
14,465
$6,465,132,000 4.54%
Innovator ETFs Trust
15.63%
910,847
$30,196,866,000 21.19%
Invesco Exchange Traded Fd T
14.20%
31,653
$4,849,676,000 3.40%
Pacer Fds Tr
16.23%
60,472
$3,295,119,000 2.31%
Morgan Stanley
0.37%
32,556
$3,164,106,000 2.22%
Apple Inc
1.15%
14,330
$3,018,151,000 2.12%
VanEck ETF Trust
7.53%
84,639
$2,871,810,000 2.02%
Global X Fds
11.11%
143,028
$4,716,719,000 3.31%
Jpmorgan Chase Co.
0.35%
11,183
$2,261,916,000 1.59%
Pepsico Inc
0.63%
10,240
$1,688,883,000 1.19%
United Parcel Service, Inc.
0.49%
11,429
$1,564,115,000 1.10%
Agnico Eagle Mines Ltd
4.44%
23,532
$1,538,993,000 1.08%
Verizon Communications Inc
0.63%
34,141
$1,407,994,000 0.99%
Amazon.com Inc.
3.19%
6,461
$1,248,588,000 0.88%
Abbvie Inc
0.03%
6,767
$1,160,618,000 0.81%
Visa Inc
0.82%
4,247
$1,114,827,000 0.78%
Alamos Gold Inc.
No change
70,671
$1,108,126,000 0.78%
Republic Svcs Inc
0.87%
5,677
$1,103,268,000 0.77%
Alphabet Inc
1.39%
8,544
$1,561,006,000 1.10%
Procter And Gamble Co
2.42%
5,154
$849,998,000 0.60%
Boeing Co.
17.39%
4,536
$825,597,000 0.58%
New Gold Inc Cda
11.32%
375,550
$732,322,000 0.51%
Ishares Tr
Closed
23,812
$1,243,479,000
T-Mobile US, Inc.
2.04%
3,850
$678,293,000 0.48%
Johnson Johnson
25.45%
4,511
$659,328,000 0.46%
Vanguard Index Fds
0.77%
2,219
$593,605,000 0.42%
Schwab Strategic Tr
Closed
20,085
$854,543,000
Automatic Data Processing In
16.98%
2,371
$565,934,000 0.40%
Taiwan Semiconductor Mfg Ltd
No change
2,850
$495,358,000 0.35%
Oracle Corp.
No change
3,496
$493,635,000 0.35%
Exxon Mobil Corp.
No change
4,235
$487,533,000 0.34%
Ecolab, Inc.
0.55%
2,011
$478,618,000 0.34%
American Tower Corp.
6.80%
2,400
$466,512,000 0.33%
Abbott Labs
No change
4,428
$460,113,000 0.32%
Spdr Dow Jones Indl Average
3.29%
1,161
$454,102,000 0.32%
Chevron Corp.
No change
2,899
$453,462,000 0.32%
Innovator ETFs Trust
Opened
11,400
$442,890,000 0.31%
Brookfield Infrastructure Corporation
35.89%
13,141
$442,326,000 0.31%
Spdr Ser Tr
No change
17,461
$749,518,000 0.53%
Bank America Corp
3.69%
10,748
$427,448,000 0.30%
The Southern Co.
No change
5,424
$420,740,000 0.30%
Ishares Tr
Opened
3,362
$399,338,000 0.28%
Duke Energy Corp.
0.73%
3,748
$375,662,000 0.26%
Berkshire Hathaway Inc.
2.26%
859
$349,441,000 0.25%
Crown Castle Inc
5.14%
3,543
$346,192,000 0.24%
Welltower Inc.
No change
3,318
$345,878,000 0.24%
DTE Energy Co.
No change
3,058
$339,524,000 0.24%
Mondelez International Inc.
No change
4,900
$320,656,000 0.23%
Schwab Strategic Tr
No change
6,000
$312,060,000 0.22%
Home Depot, Inc.
4.76%
901
$310,160,000 0.22%
Brookfield Renewable Corporation
Opened
10,700
$303,666,000 0.21%
Ameren Corp.
No change
3,956
$281,311,000 0.20%
CMS Energy Corporation
No change
4,725
$281,294,000 0.20%
NVIDIA Corp
Opened
2,265
$279,818,000 0.20%
NextEra Energy Inc
17.44%
3,939
$278,911,000 0.20%
Merck Co Inc
No change
2,184
$270,379,000 0.19%
KT Corporation
No change
18,850
$257,680,000 0.18%
Vanguard Index Fds
Opened
506
$253,170,000 0.18%
VanEck ETF Trust
Closed
10,018
$245,541,000
Motorola Solutions Inc
No change
621
$239,602,000 0.17%
Paychex Inc.
No change
2,007
$237,948,000 0.17%
Newmont Corp
6.64%
5,620
$235,309,000 0.17%
Chesapeake Energy Corp.
Opened
2,654
$218,101,000 0.15%
Advanced Micro Devices Inc.
No change
1,338
$217,037,000 0.15%
Spdr Ser Tr
Closed
7,490
$211,068,000
Wells Fargo Co New
No change
3,550
$210,834,000 0.15%
Pulte Group Inc
No change
1,900
$209,190,000 0.15%
Union Pac Corp
Closed
848
$208,549,000
Unitedhealth Group Inc
Closed
415
$205,300,000
Devon Energy Corp.
Closed
4,059
$203,668,000
Barrick Gold Corp.
No change
11,700
$195,156,000 0.14%
Ford Mtr Co Del
4.18%
14,653
$183,749,000 0.13%
Hecla Mng Co
0.05%
28,282
$137,167,000 0.10%
Vodafone Group plc
No change
14,836
$131,594,000 0.09%
Nokia Corp
34.85%
28,037
$105,980,000 0.07%
Evgo Inc
No change
24,100
$59,045,000 0.04%
I-80 Gold Corp
130.00%
46,000
$49,680,000 0.03%
No transactions found
Showing first 500 out of 78 holdings