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Livermore
Livermore
ZHEN

Pinnacle Financial Partners Inc

SEC CIK
0001115055
Latest filing
Oct 28, 2025

The latest 13F from Pinnacle Financial Partners Inc covers Q3 2025 (filed Oct 28, 2025): 459 long positions worth $4.18B. The top 10 holdings make up 27.5% of the portfolio, and the largest is Microsoft Corp (MSFT) at 4.4%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2025

Share counts compared with Q2 2025: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
29
Est. +$47.9M
Added
167
Est. +$81.3M
Reduced
232
Est. −$982.2M
Sold out
77
Est. −$13.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    4.4%$181.9MHistory
  2. SPYSPDR S&P 500 ETF Trust
    4.0%$168.4MHistory
  3. AAPLApple Inc.
    3.9%$161.5MHistory
  4. Vanguard S&P 500 ETF922908363
    3.4%$143.1M
  5. JPMJPMorgan Chase & Co
    2.4%$102.2MHistory

Share of portfolio

Top 5 holdings and the other 454 positions, by share of portfolio value

  1. MSFT4.4%
  2. SPY4.0%
  3. AAPL3.9%
  4. Vanguard S&P 500 ETF3.4%
  5. JPM2.4%
  6. Other 454 positions81.9%

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46654Q559
    +$38.0MNew
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +$6.31MAdded
  3. JNJJohnson & Johnson
    +$5.38MAddedHistory
  4. MSMorgan Stanley
    +$4.48MAddedHistory
  5. Vanguard Morningstar Growth ETF922908736
    +$3.86MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. J P Morgan Exchange Traded F46654Q559
    +0.91 pp0.0% → 0.9%
  2. Vanguard Morningstar Growth ETF922908736
    +0.48 pp1.6% → 2.1%
  3. JNJJohnson & Johnson
    +0.35 pp0.6% → 0.9%History
  4. ABBVAbbVie Inc.
    +0.33 pp0.7% → 1.0%History
  5. iShares Core U.S. Aggregate Bond ETF464287226
    +0.26 pp0.8% → 1.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGLAlphabet Inc.
    −$70.4MReducedHistory
  2. Vanguard S&P 500 ETF922908363
    −$66.7MReduced
  3. MSFTMicrosoft Corp
    −$65.7MReducedHistory
  4. AMZNAmazon Com Inc
    −$64.8MReducedHistory
  5. JPMJPMorgan Chase & Co
    −$53.7MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AMZNAmazon Com Inc
    −1.13 pp3.0% → 1.9%History
  2. VVisa Inc.
    −0.71 pp2.5% → 1.8%History
  3. Vanguard S&P 500 ETF922908363
    −0.67 pp4.1% → 3.4%
  4. MSFTMicrosoft Corp
    −0.65 pp5.0% → 4.4%History
  5. HCAHCA Healthcare, Inc.
    −0.57 pp1.6% → 1.0%History

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$4.18B
−$577.1M (−12.1%) vs. prior quarter
Positions
459
−48 vs. prior quarter
Top 10 concentration
27.5%
Top 10 as share of value
Turnover
2.9%
Q3 2025, one quarter
Average holding period
17.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $4.98B (Q3 2024)

Q1 2021: $2.21BQ2 2021: $2.47BQ3 2021: $2.84BQ4 2021: $3.20BQ1 2022: $3.16BQ2 2022: $2.81BQ3 2022: $2.76BQ4 2022: $3.47BQ1 2023: $3.72BQ2 2023: $3.99BQ3 2023: $3.87BQ4 2023: $4.21BQ1 2024: $4.62BQ2 2024: $4.67BQ3 2024: $4.98BQ4 2024: $4.94BQ1 2025: $4.96BQ2 2025: $4.75BQ3 2025: $4.18B
Q1 2021Q3 2025
13F filings of Pinnacle Financial Partners Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Oct 28, 2025459$4.18BMSFTSPYAAPLvs. Q2 2025SEC
Q2 2025Oct 28, 2025507$4.75BMSFTSPYVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 28, 2025523$4.96BMSFTAAPLSPYvs. Q4 2024SEC
Q4 2024Feb 3, 2025517$4.94BMSFTAAPLSPYvs. Q3 2024SEC
Q3 2024Nov 5, 2024519$4.98BMSFTAAPLVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Aug 6, 2024535$4.67BMSFTAAPLVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 30, 2024530$4.62BMSFTAAPLVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 22, 2024526$4.21BMSFTAAPLVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 3, 2023510$3.87BMSFTAAPLVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 7, 2023558$3.99BAAPLMSFTVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023Apr 26, 2023553$3.72BAAPLMSFTVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 3, 2023542$3.47BAAPLMSFTVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Oct 31, 2022545$2.76BAAPLVanguard S&P 500 ETFMSFTvs. Q2 2022SEC
Q2 2022Jul 29, 2022435$2.81BVanguard S&P 500 ETFAAPLMSFTvs. Q1 2022SEC
Q1 2022May 2, 2022439$3.16BVanguard S&P 500 ETFAAPLMSFTvs. Q4 2021SEC
Q4 2021Feb 1, 2022472$3.20BVanguard S&P 500 ETFAAPLMSFTvs. Q3 2021SEC
Q3 2021Oct 26, 2021469$2.84BVanguard S&P 500 ETFAAPLMSFTvs. Q2 2021SEC
Q2 2021Jul 21, 2021463$2.47BVanguard S&P 500 ETFSPYAAPLvs. Q1 2021SEC
Q1 2021Apr 19, 2021420$2.21BVanguard S&P 500 ETFSPYAAPL–SEC