Managing Partner

0001411784-14-000006.txt : 20140528 0001411784-14-000006.hdr.sgml : 20140528 20140528154342 ACCESSION NUMBER: 0001411784-14-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140331 FILED AS OF DATE: 20140528 DATE AS OF CHANGE: 20140528 EFFECTIVENESS DATE: 20140528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pinnacle Holdings, LLC CENTRAL INDEX KEY: 0001411784 IRS NUMBER: 204065035 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12706 FILM NUMBER: 14872666 BUSINESS ADDRESS: STREET 1: 233 SOUTH DETROIT AVENUE STREET 2: SUITE 100 CITY: TULSA STATE: OK ZIP: 74120 BUSINESS PHONE: 918-582-6864 MAIL ADDRESS: STREET 1: 233 SOUTH DETROIT AVENUE STREET 2: SUITE 100 CITY: TULSA STATE: OK ZIP: 74120 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001411784 XXXXXXXX 03-31-2014 03-31-2014 Pinnacle Holdings, LLC

233 SOUTH DETROIT AVENUE SUITE 100 TULSA OK 74120

13F HOLDINGS REPORT 028-12706 N David M. Poarch Managing Partner 918-582-6864 David M. Poarch Tulsa OK 05-28-2014 0 206 361030 false INFORMATION TABLE 2 informationtable.xml AMR Corp. COM 001765106 204746 17976 SH SOLE 0 17976 0 0 Alcoa, Inc. COM 013817101 2947 229 SH SOLE 0 229 0 0 Alliance One Int COM 018772103 5840 2000 SH SOLE 0 2000 0 0 American Express COM 025816109 1226569 13624 SH SOLE 0 13624 0 0 Arkansas Best COM 040790107 1688659 45701 SH SOLE 0 45701 0 0 Astoria Financial COM 046265104 445626 32245 SH SOLE 0 32245 0 0 Atlas Pipeline Partners COM 049392103 8089312 251925 SH SOLE 0 251925 0 0 BB&T Corporation COM 054937107 36153 900 SH SOLE 0 900 0 0 Bank of America COM 060505104 340629 19804 SH SOLE 0 19804 0 0 Bank of America CONV PREF 060505682 33182 29 SH SOLE 0 29 0 0 Baylake Corp. COM 072788102 587084 46300 SH SOLE 0 46300 0 0 Berkshire Hills Bancorp Inc COM 084680107 148008 5719 SH SOLE 0 5719 0 0 The Boeing Company COM 097023105 1820609 14508 SH SOLE 0 14508 0 0 Bristol-Myers Squibb Co COM 110122108 74139 1427 SH SOLE 0 1427 0 0 CVR Partners, LP COM 126633106 21190 1000 SH SOLE 0 1000 0 0 Capital Bank Financial COM 139794101 11877 473 SH SOLE 0 473 0 0 Caterpillar Inc. COM 149123101 1365841 13745 SH SOLE 0 13745 0 0 Chevron Corporation COM 166764100 2173556 18279 SH SOLE 0 18279 0 0 Choiceone Financial COM 170386106 9936 576 SH SOLE 0 576 0 0 Coca-Cola COM 191216100 629849 16292 SH SOLE 0 16292 0 0 Codorus Bancorp Inc. COM 192025104 558292 26598 SH SOLE 0 26598 0 0 Cooper Tire & Rubber COM 216831107 22467 925 SH SOLE 0 925 0 0 DCB Financial Corp. COM 233075100 50093 7827 SH SOLE 0 7827 0 0 Daktronics Inc. COM 234264109 1192471 82868 SH SOLE 0 82868 0 0 Walt Disney Co. COM 254687106 1137795 14210 SH SOLE 0 14210 0 0 Du Pont COM 263534109 961140 14324 SH SOLE 0 14324 0 0 Eastern Virginia Bankshares COM 277196101 907451 140690 SH SOLE 0 140690 0 0 El Paso Pipeline Partners COM 283702108 4032753 132700 SH SOLE 0 132700 0 0 Enterprise Products COM 293792107 3205529 46216 SH SOLE 0 46216 0 0 F.N.B. Corporation COM 302520101 113150 8444 SH SOLE 0 8444 0 0 Federal Agricultural Mortgage COM 313148306 13300 400 SH SOLE 0 400 0 0 Freddie Mac PREF STK 313400640 1369890 147300 SH SOLE 0 147300 0 0 Fifth Third Bancorp COM 316773100 122235 5325 SH SOLE 0 5325 0 0 First Bancorp COM 318910106 250800 13200 SH SOLE 0 13200 0 0 First Bancshares, Inc. COM 318916103 611817 42311 SH SOLE 0 42311 0 0 First Commonwealth Fin COM 319829107 213010 23563 SH SOLE 0 23563 0 0 First Community COM 319835104 190082 17002 SH SOLE 0 17002 0 0 First Merchants COM 320817109 427282 19745 SH SOLE 0 19745 0 0 FreightCar America Inc. COM 357023100 738056 31758 SH SOLE 0 31758 0 0 General Electric COM 369604103 851770 32900 SH SOLE 0 32900 0 0 Genesis Energy LP COM 371927104 6346278 117090 SH SOLE 0 117090 0 0 HF Financial Corp. COM 404172108 535415 40076 SH SOLE 0 40076 0 0 Hawaiian Holdings COM 419879101 2794513 200180 SH SOLE 0 200180 0 0 Hewlett-Packard COM 428236103 60028 1855 SH SOLE 0 1855 0 0 Holly Energy Partners COM 435763107 3223825 97191 SH SOLE 0 97191 0 0 Home Depot COM 437076102 1196683 15123 SH SOLE 0 15123 0 0 HopFed Bancorp COM 439734104 309507 26522 SH SOLE 0 26522 0 0 Independent Bank COM 453838609 712018 54855 SH SOLE 0 54855 0 0 Intel Corporation COM 458140100 457631 17728 SH SOLE 0 17728 0 0 IBM COM 459200101 2683503 13941 SH SOLE 0 13941 0 0 International Paper COM 460146103 16746 365 SH SOLE 0 365 0 0 Intervest Bancshares COM 460927106 547985 73555 SH SOLE 0 73555 0 0 iShares Barclays TIPS COM 464287176 200910 1792 SH SOLE 0 1792 0 0 iShares DJ US Financial COM 464287788 390322 4774 SH SOLE 0 4774 0 0 Jefferson Bancshares COM 472375104 631543 80967 SH SOLE 0 80967 0 0 Johnson & Johnson COM 478160104 1736805 17681 SH SOLE 0 17681 0 0 Kaiser Aluminum Corp COM 483007704 1466681 20536 SH SOLE 0 20536 0 0 Kinder Morgan Energy Partners COM 494550106 1113539 15058 SH SOLE 0 15058 0 0 MDC Holdings, Inc. COM 552676108 886295 31340 SH SOLE 0 31340 0 0 Magellan Midstream COM 559080106 12199409 174927 SH SOLE 0 174927 0 0 MarkWest Energy Partners COM 570759100 9116712 139570 SH SOLE 0 139570 0 0 Martin Midstream COM 573331105 4465017 103717 SH SOLE 0 103717 0 0 Masonite Int COM 575385109 954849 16894 SH SOLE 0 16894 0 0 McDonald's Corp. COM 580135101 1610633 16430 SH SOLE 0 16430 0 0 Microsoft COM 594918104 762527 18603 SH SOLE 0 18603 0 0 MidWest One Fin COM 598511103 225747 8944 SH SOLE 0 8944 0 0 OM Group Inc. COM 670872100 1215095 36577 SH SOLE 0 36577 0 0 Olin Corp. COM 680665205 1543008 55886 SH SOLE 0 55886 0 0 OmniVision Technologies COM 682128103 844733 47725 SH SOLE 0 47725 0 0 ONEOK Inc. COM 682680103 9336065 157571 SH SOLE 0 157571 0 0 Oxford Resource Partners COM 691807101 768797 572874 SH SOLE 0 572874 0 0 Pacific Commerce Bank COM 694124108 7488 1800 SH SOLE 0 1800 0 0 Peoples Bancorp of NC COM 710577107 536952 34420 SH SOLE 0 34420 0 0 PetroQuest Energy CONV PREF 716748207 2943359 75220 SH SOLE 0 75220 0 0 Pfizer Inc. COM 717081103 755880 23533 SH SOLE 0 23533 0 0 Plains All American Pipeline COM 726503105 1763068 31986 SH SOLE 0 31986 0 0 Primus Telecom COM 741929137 11065 9417 SH SOLE 0 9417 0 0 Primus Telecom COM 741929145 1601 9417 SH SOLE 0 9417 0 0 Procter & Gamble COM 742718109 1330625 16509 SH SOLE 0 16509 0 0 RAIT Financial Trust COM 749227104 118011 13900 SH SOLE 0 13900 0 0 Rofin-Sinar Technologies COM 775043102 546887 22825 SH SOLE 0 22825 0 0 Rose Rock Midstream COM 777149105 9416743 226964 SH SOLE 0 226964 0 0 Sonic Corp. COM 835451105 886873 38915 SH SOLE 0 38915 0 0 Southeastern Bank Financial COM 841584105 417619 19254 SH SOLE 0 19254 0 0 Southern First Bancshares COM 842873101 806124 58120 SH SOLE 0 58120 0 0 Southwest Bancorp Inc. COM 844767103 14128 800 SH SOLE 0 800 0 0 Spartan Motors, Inc. COM 846819100 769587 149725 SH SOLE 0 149725 0 0 SunPower Corporation COM 867652406 17291 536 SH SOLE 0 536 0 0 SunTrust Banks, Inc. COM 867914103 370246 9305 SH SOLE 0 9305 0 0 Superior Industries COM 868168105 1071498 52294 SH SOLE 0 52294 0 0 SUPERVALU Inc. COM 868536103 779924 114024 SH SOLE 0 114024 0 0 Susquehanna Bancshares COM 869099101 24446 2150 SH SOLE 0 2150 0 0 Timberland Bancorp COM 887098101 415802 38860 SH SOLE 0 38860 0 0 Umpqua Holdings COM 904214103 20504 1100 SH SOLE 0 1100 0 0 Unisys Corp COM 909214306 1325924 43530 SH SOLE 0 43530 0 0 United Bancshares COM 909458101 486705 30736 SH SOLE 0 30736 0 0 United Community Financial COM 909839102 592755 151213 SH SOLE 0 151213 0 0 United Technologies COM 913017109 1632255 13970 SH SOLE 0 13970 0 0 Wal-Mart Stores COM 931142103 1228077 16068 SH SOLE 0 16068 0 0 Western Gas Partners COM 958254104 503044 7600 SH SOLE 0 7600 0 0 Williams Companies COM 969457100 15187158 374252 SH SOLE 0 374252 0 0 Yadkin Financial COM 984305102 536042 25037 SH SOLE 0 25037 0 0 Zions Bancorp COM 989701107 469378 15151 SH SOLE 0 15151 0 0 Travelers COM 89417e109 1183741 13910 SH SOLE 0 13910 0 0 A T & T INC NEW COM 00206r102 782727 22319 SH SOLE 0 22319 0 0 Access Midstream COM 00434l109 1112729 19335 SH SOLE 0 19335 0 0 A E S TRUST III CONV PREF 00808n202 28616 560 SH SOLE 0 560 0 0 Alliance Holdings, GP COM 01861g100 7211884 116096 SH SOLE 0 116096 0 0 Alliance Resource Partners COM 01877r108 199833 2375 SH SOLE 0 2375 0 0 Alliant Techsystems CONV BOND 018804AK0 2904116 1585000 PRN SOLE 0 1585000 0 0 American Airlines Group COM 02376R102 775517 21189 SH SOLE 0 21189 0 0 AmeriServ Financial, Inc. COM 03074a102 766212 199016 SH SOLE 0 199016 0 0 Atlas Energy, LP COM 04930a104 15710 365 SH SOLE 0 365 0 0 Auxilium Pharma CONV BOND 05334DAA5 2885926 2185000 PRN SOLE 0 2185000 0 0 BNC Bancorp COM 05566t101 619010 35719 SH SOLE 0 35719 0 0 Banc of California COM 05990k106 1503823 122561 SH SOLE 0 122561 0 0 Banner Corp. COM 06652v208 8254 200 SH SOLE 0 200 0 0 C & J Energy Services COM 12467b304 1220783 41865 SH SOLE 0 41865 0 0 CenterState Banks, Inc. COM 15201p109 316243 28960 SH SOLE 0 28960 0 0 Cenveo, Inc. COM 15670s105 173842 57185 SH SOLE 0 57185 0 0 Cenveo Corp CONV BOND 15671BAG6 4195298 4227000 PRN SOLE 0 4227000 0 0 Cenveo Corp. CONV BOND 15671BAJ0 1023800 1000000 PRN SOLE 0 1000000 0 0 Cisco Systems, Inc. COM 17275r102 343196 15311 SH SOLE 0 15311 0 0 Coeur D'Alene Mines CONV BOND 192108ar9 1476672 1466000 PRN SOLE 0 1466000 0 0 DCP Midstream Partners COM 23311p100 7238548 144482 SH SOLE 0 144482 0 0 DR Horton Inc. COM 23331a109 3248 150 SH SOLE 0 150 0 0 Dendreon Corp. CONV BOND 24823qac1 2523463 3445000 PRN SOLE 0 3445000 0 0 Doral Financial PREF STK 25811p209 16500 1500 SH SOLE 0 1500 0 0 Doral Financial PREF STK 25811p407 6010 1000 SH SOLE 0 1000 0 0 Doral Financial Corporation COM 25811p886 8680 1000 SH SOLE 0 1000 0 0 Eagle Rock Energy Partners COM 26985r104 5900768 1121819 SH SOLE 0 1121819 0 0 Energy Transfer Partners COM 29273R109 890279 16551 SH SOLE 0 16551 0 0 Energy Transfer Equity COM 29273v100 5116975 109454 SH SOLE 0 109454 0 0 Energy XXI CONV PREF 29274u309 1106385 4112 SH SOLE 0 4112 0 0 EnLink Midstream LLC COM 29336t100 2183228 64326 SH SOLE 0 64326 0 0 EnLink Midstream Partners COM 29336u107 8420895 276821 SH SOLE 0 276821 0 0 Exterran Partners COM 30225n105 2737653 96058 SH SOLE 0 96058 0 0 Exxon Mobil Corporation COM 30231g102 2134406 21851 SH SOLE 0 21851 0 0 1st Constitution Bancorp. COM 31986n102 91853 8844 SH SOLE 0 8844 0 0 First Niagara Financial COM 33582v108 513655 54355 SH SOLE 0 54355 0 0 Firstbank Corporation COM 33761g104 1473037 78899 SH SOLE 0 78899 0 0 Genco Shipping CONV BOND 36869maa3 2936000 3670000 PRN SOLE 0 3670000 0 0 General Cable CONV BOND 369300al2 2840425 2825000 PRN SOLE 0 2825000 0 0 Goldman Sachs COM 38141g104 2167899 13231 SH SOLE 0 13231 0 0 Gulf Coast Ultra Deep COM 40222t104 330925 108500 SH SOLE 0 108500 0 0 HMN Financial, Inc. COM 40424g108 474967 48220 SH SOLE 0 48220 0 0 Harvest Natural Res COM 41754v103 2632 700 SH SOLE 0 700 0 0 Hawaiian Holdings Co. CONV BOND 419879ad3 2299219 1250000 PRN SOLE 0 1250000 0 0 Iridium Communications COM 46269c102 793334 105637 SH SOLE 0 105637 0 0 JPMorgan Chase & Co. COM 46625h100 1155068 19026 SH SOLE 0 19026 0 0 Jefferies Group CONV BOND 472319ag7 2016743 1872000 PRN SOLE 0 1872000 0 0 KB HOME CONV BOND 48666KAS8 2459354 2395000 PRN SOLE 0 2395000 0 0 Kinder Morgan Management COM 49455u100 498723 6959 SH SOLE 0 6959 0 0 Kinder Morgan Inc. COM 49456b101 4188840 128927 SH SOLE 0 128927 0 0 Kinder Morgan Inc. COM 49456b119 5852 3325 SH SOLE 0 3325 0 0 Kraft Foods Group COM 50076q106 5386 96 SH SOLE 0 96 0 0 MPLX, L.P. COM 55336v100 113657 2320 SH SOLE 0 2320 0 0 MainSource Financial COM 56062y102 350892 20520 SH SOLE 0 20520 0 0 Merck & Co. Inc. COM 58933y105 1088394 19172 SH SOLE 0 19172 0 0 Meritage Homes COM 59001a102 4188 100 SH SOLE 0 100 0 0 MutualFirst Financial COM 62845b104 611420 32180 SH SOLE 0 32180 0 0 NGL Energy Partners COM 62913M107 23872600 636094 SH SOLE 0 636094 0 0 NewBridge Bancorp COM 65080t102 517286 72449 SH SOLE 0 72449 0 0 Omnicare CONV PREF 68214q200 2285749 31141 SH SOLE 0 31141 0 0 ONE Gas, Inc. COM 68235p108 8839 246 SH SOLE 0 246 0 0 ONEOK Partners COM 68268N103 11637754 217325 SH SOLE 0 217325 0 0 Pacific Premier Bancorp COM 69478x105 317958 19700 SH SOLE 0 19700 0 0 Park Sterling Corp. COM 70086y105 1091 164 SH SOLE 0 164 0 0 Peoples Financial Corp. COM 71103b102 499402 37549 SH SOLE 0 37549 0 0 Premier Financial Bancorp COM 74050m105 649530 45295 SH SOLE 0 45295 0 0 Prospect Capital CONV BOND 74348TAK8 2619921 2489000 PRN SOLE 0 2489000 0 0 QCR Holdings Inc. COM 74727a104 1924088 112126 SH SOLE 0 112126 0 0 QEP Resources, Inc. COM 74733v100 7320845 248670 SH SOLE 0 248670 0 0 QEP Midstream Partners COM 74735r115 4630877 198070 SH SOLE 0 198070 0 0 RAIT Financial CONV BOND 749227aa2 5228183 3862000 PRN SOLE 0 3862000 0 0 RAIT Financial CONV BOND 749227AB0 614091 625000 PRN SOLE 0 625000 0 0 Rent-A-Center COM 76009n100 918365 34525 SH SOLE 0 34525 0 0 SB Financial Group, Inc. COM 78408d105 1142155 136785 SH SOLE 0 136785 0 0 SPDR Dow Jones Industrial COM 78467x109 4466068 27192 SH SOLE 0 27192 0 0 Sandridge Energy CONV PREF 80007p604 4449425 41390 SH SOLE 0 41390 0 0 Southcross Energy Partners COM 84130c100 1695 100 SH SOLE 0 100 0 0 Stillwater Mining CONV BOND 86074qaf9 2124724 2126000 PRN SOLE 0 2126000 0 0 Summit Financial Group COM 86606g101 410927 40090 SH SOLE 0 40090 0 0 Sunpower CONV BOND 867652ac3 83923 70000 PRN SOLE 0 70000 0 0 Targa Resources COM 87611x105 984550 17500 SH SOLE 0 17500 0 0 Tesoro Logistics LP COM 88160T107 1083780 18000 SH SOLE 0 18000 0 0 3M Co. COM 88579y101 1916676 14129 SH SOLE 0 14129 0 0 Titan Machinery CONV BOND 88830RAB7 2789826 3262000 PRN SOLE 0 3262000 0 0 Transmontaigne Partners COM 89376v100 8130876 188739 SH SOLE 0 188739 0 0 Trinity Industries CONV BOND 896522af6 7912 5000 PRN SOLE 0 5000 0 0 USEC Inc. CONV BOND 90333eac2 1529809 3789000 PRN SOLE 0 3789000 0 0 United Bancorp COM 90944l103 1551251 126118 SH SOLE 0 126118 0 0 United Community Banks COM 90984p303 398487 20530 SH SOLE 0 20530 0 0 UnitedHealth Group COM 91324p102 1117606 13631 SH SOLE 0 13631 0 0 Verizon Communications COM 92343v104 930564 19562 SH SOLE 0 19562 0 0 Williams Partners COM 96950f104 3823047 75050 SH SOLE 0 75050 0 0 Xerium Technologies COM 98416j118 388374 24198 SH SOLE 0 24198 0 0 Xerium Technologies COM 98416j126 460 5751 SH SOLE 0 5751 0 0 Aircastle LTD COM g0129k104 2908550 150080 SH SOLE 0 150080 0 0 Energy XXI (Bermuda) COM g10082140 153205 6500 SH SOLE 0 6500 0 0 Bunge Ltd. CONV PREF g16962204 3221870 30395 SH SOLE 0 30395 0 0 Genco Shipping COM y2685t107 22977 13055 SH SOLE 0 13055 0 0 Navios Maritime Partners COM y62267102 5770131 296056 SH SOLE 0 296056 0 0 Teekay LNG Partners COM y8564m105 5256515 127184 SH SOLE 0 127184 0 0 Teekay Offshore Partners COM y8565j101 618179 18893 SH SOLE 0 18893 0 0 SandRidge Energy, Inc. COM 80007P307 17438 2840 SH SOLE 0 2840 0 0