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Livermore
Livermore
ZHEN

Pinnacle Wealth Management Advisory Group, LLC

SEC CIK
0001631864
Latest filing
Aug 5, 2026

The latest 13F from Pinnacle Wealth Management Advisory Group, LLC covers Q2 2026 (filed Aug 5, 2026): 572 long positions worth $1.68B. The top 10 holdings make up 30.2% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 4.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: 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
70
Est. +$18.4M
Added
255
Est. +$62.2M
Reduced
189
Est. −$24.8M
Sold out
48
Est. −$28.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    4.1%$69.0M
  2. AAPLApple Inc.
    3.8%$64.1MHistory
  3. iShares MSCI USA Quality Factor ETF46432F339
    3.8%$63.4M
  4. Vanguard Morningstar Small-Cap ETF922908751
    3.1%$51.3M
  5. Invesco QQQ Trust Series I46090E103
    3.0%$49.6M

Share of portfolio

Top 5 holdings and the other 567 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF4.1%
  2. AAPL3.8%
  3. iShares MSCI USA Quality Factor ETF3.8%
  4. Vanguard Morningstar Small-Cap ETF3.1%
  5. Invesco QQQ Trust Series I3.0%
  6. Other 567 positions82.3%

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46654Q724
    +$7.27MAdded
  2. JPMorgan Ultra-Short Income ETF46641Q837
    +$2.36MAdded
  3. MSFTMicrosoft Corp
    +$2.28MAddedHistory
  4. Vanguard Ftse All-World Ex-US Index Fund922042775
    +$2.15MAdded
  5. Vanguard Total Bond Market ETF921937835
    +$2.05MAdded

Largest weight increases

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

  1. J P Morgan Exchange Traded F46654Q724
    +0.37 pp0.8% → 1.2%
  2. Invesco QQQ Trust Series I46090E103
    +0.36 pp2.6% → 3.0%
  3. KLACKLA Corp
    +0.25 pp0.3% → 0.6%History
  4. AMDAdvanced Micro Devices Inc
    +0.25 pp0.1% → 0.4%History
  5. GOOGLAlphabet Inc.
    +0.24 pp1.6% → 1.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Cliffwater Corporate Len186854204
    −$5.40MSold out
  2. AMG001700137
    −$5.14MSold out
  3. Cliffwater Enhanced Lending Fu18685P108
    −$3.47MSold out
  4. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −$1.84MSold out
  5. WisdomTree Tr97717Y527
    −$1.45MReduced

Largest weight decreases

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

  1. Cliffwater Corporate Len186854204
    −0.37 pp0.4% → 0.0%
  2. AMG001700137
    −0.35 pp0.4% → 0.0%
  3. Cliffwater Enhanced Lending Fu18685P108
    −0.24 pp0.2% → 0.0%
  4. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −0.13 pp0.1% → 0.0%
  5. WisdomTree Tr97717Y527
    −0.12 pp0.3% → 0.1%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.68B
+$216.3M (+14.8%) vs. prior quarter
Positions
572
+22 vs. prior quarter
Top 10 concentration
30.2%
Top 10 as share of value
Turnover
3.4%
Q2 2026, one quarter
Average holding period
18.8 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

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

Peak $1.68B (Q2 2026)

Q1 2021: $356.0MQ2 2021: $425.9MQ3 2021: $427.1MQ4 2021: $611.5MQ1 2022: $693.6MQ2 2022: $620.1MQ3 2022: $601.5MQ4 2022: $665.3MQ1 2023: $740.1MQ2 2023: $804.1MQ3 2023: $771.6MQ4 2023: $854.0MQ1 2024: $931.9MQ2 2024: $968.9MQ3 2024: $1.05BQ4 2024: $1.07BQ1 2025: $1.07BQ2 2025: $1.20BQ3 2025: $1.33BQ4 2025: $1.45BQ1 2026: $1.46BQ2 2026: $1.68B
Q1 2021Q2 2026
13F filings of Pinnacle Wealth Management Advisory Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026572$1.68BVanguard Morningstar Total Stock Market ETFAAPLiShares MSCI USA Quality Factor ETFvs. Q1 2026SEC
Q1 2026Apr 21, 2026550$1.46BVanguard Morningstar Total Stock Market ETFAAPLiShares MSCI USA Quality Factor ETFvs. Q4 2025SEC
Q4 2025Feb 2, 2026528$1.45BAAPLVanguard Morningstar Total Stock Market ETFiShares MSCI USA Quality Factor ETFvs. Q3 2025SEC
Q3 2025Oct 20, 2025404$1.33BAAPLVanguard Morningstar Total Stock Market ETFiShares MSCI USA Quality Factor ETFvs. Q2 2025SEC
Q2 2025Aug 7, 2025375$1.20BVanguard Morningstar Total Stock Market ETFiShares MSCI USA Quality Factor ETFAAPLvs. Q1 2025SEC
Q1 2025May 7, 2025366$1.07BAAPLiShares MSCI USA Quality Factor ETFVanguard High Dividend Yield Index ETFvs. Q4 2024SEC
Q4 2024Jan 31, 2025363$1.07BAAPLiShares MSCI USA Quality Factor ETFVanguard High Dividend Yield Index ETFvs. Q3 2024SEC
Q3 2024Oct 16, 2024366$1.05BAAPLiShares MSCI USA Quality Factor ETFVanguard High Dividend Yield Index ETFvs. Q2 2024SEC
Q2 2024Jul 25, 2024356$968.9MAAPLiShares MSCI USA Quality Factor ETFMSFTvs. Q1 2024SEC
Q1 2024May 1, 2024354$931.9MAAPLiShares MSCI USA Quality Factor ETFMSFTvs. Q4 2023SEC
Q4 2023Feb 7, 2024342$854.0MAAPLiShares MSCI USA Quality Factor ETFMSFTvs. Q3 2023SEC
Q3 2023Oct 25, 2023322$771.6MAAPLiShares MSCI USA Quality Factor ETFMSFTvs. Q2 2023SEC
Q2 2023Aug 2, 2023337$804.1MAAPLiShares MSCI USA Quality Factor ETFMSFTvs. Q1 2023SEC
Q1 2023May 4, 2023323$740.1MAAPLVanguard High Dividend Yield Index ETFiShares MSCI USA Quality Factor ETFvs. Q4 2022SEC
Q4 2022Feb 7, 2023304$665.3MAAPLVanguard High Dividend Yield Index ETFiShares MSCI USA Quality Factor ETFvs. Q3 2022SEC
Q3 2022Nov 10, 2022282$601.5MAAPLVanguard High Dividend Yield Index ETFVanguard Morningstar Small-Cap ETFvs. Q2 2022SEC
Q2 2022Aug 1, 2022287$620.1MAAPLVanguard High Dividend Yield Index ETFSPYvs. Q1 2022SEC
Q1 2022May 5, 2022278$693.6MAAPLSPYVanguard Morningstar Small-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 20, 2022270$611.5MAAPLVanguard Morningstar Small-Cap ETFMSFTvs. Q3 2021SEC
Q3 2021Oct 29, 2021218$427.1MVanguard Morningstar Small-Cap ETFAAPLiShares MSCI USA Quality Factor ETFvs. Q2 2021SEC
Q2 2021Aug 10, 2021228$425.9MVanguard Morningstar Small-Cap ETFAAPLiShares MSCI USA Quality Factor ETFvs. Q1 2021SEC
Q1 2021May 13, 2021195$356.0MVanguard Morningstar Small-Cap ETFAAPLiShares MSCI USA Quality Factor ETF–SEC