Managing Partner

0001411784-19-000002.txt : 20190212 0001411784-19-000002.hdr.sgml : 20190212 20190212121022 ACCESSION NUMBER: 0001411784-19-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190212 DATE AS OF CHANGE: 20190212 EFFECTIVENESS DATE: 20190212 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: 19589171 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 12-31-2018 12-31-2018 Pinnacle Holdings, LLC

233 SOUTH DETROIT AVENUE SUITE 100 TULSA OK 74120

13F HOLDINGS REPORT 028-12706 N David Poarch Managing Partner 9185826864 David M. Poarch Tulsa OK 02-12-2019 0 201 242145 false INFORMATION TABLE 2 informationtable.xml HOLDINGS AK Steel COM 001547108 3375 1500 SH SOLE 0 1500 0 0 American Express Company COM 025816109 1813558 19026 SH SOLE 0 19026 0 0 Apollo Global Management COM 037612306 147731 6020 SH SOLE 0 6020 0 0 Apple COM 037833100 3264843 20698 SH SOLE 0 20698 0 0 Astrazeneca COM 046353108 18990 500 SH SOLE 0 500 0 0 BB&T Corporation COM 054937107 62511 1443 SH SOLE 0 1443 0 0 Bank of America COM 060505104 1020219 41405 SH SOLE 0 41405 0 0 Bank of America CONV PREF 060505682 36323 29 SH SOLE 0 29 0 0 Bank of America WARRANT 060506146 230400 18000 SH SOLE 0 18000 0 0 Barnes & Noble COM 067774109 836868 118035 SH SOLE 0 118035 0 0 Berkshire Hills Bancorp Inc COM 084680107 137520 5099 SH SOLE 0 5099 0 0 Boeing COM 097023105 6422588 19915 SH SOLE 0 19915 0 0 Caterpillar Inc COM 149123101 2419667 19042 SH SOLE 0 19042 0 0 Central Valley Community Bancorp COM 155685100 470656 24942 SH SOLE 0 24942 0 0 Chesapeake Energy COM 165167107 10989 5233 SH SOLE 0 5233 0 0 Chesapeake Energy CONV PREF 165167768 10605 21 SH SOLE 0 21 0 0 Chevron Corporation COM 166764100 2613621 24024 SH SOLE 0 24024 0 0 Choiceone Financial Services COM 170386106 15855 634 SH SOLE 0 634 0 0 Citigroup COM 172967424 1066397 20484 SH SOLE 0 20484 0 0 Citizens Financial Group COM 174610105 482705 16236 SH SOLE 0 16236 0 0 Citizens Community Bancorp COM 174903104 1259615 115561 SH SOLE 0 115561 0 0 Civista Bancshares COM 178867107 1145191 65740 SH SOLE 0 65740 0 0 Cleveland-Cliffs COM 185899101 861472 112025 SH SOLE 0 112025 0 0 Coca-Cola COM 191216100 953345 20134 SH SOLE 0 20134 0 0 Codorus Bancorp COM 192025104 874799 41167 SH SOLE 0 41167 0 0 Cowen Inc CONV PREF 223622507 2628566 3295 SH SOLE 0 3295 0 0 Walt Disney COM 254687106 2149433 19603 SH SOLE 0 19603 0 0 El Pollo Loco COM 268603107 1110444 73200 SH SOLE 0 73200 0 0 Enterprise Products COM 293792107 2910866 118376 SH SOLE 0 118376 0 0 Equitrans Midstream COM 294600101 42543 2125 SH SOLE 0 2125 0 0 EZCORP COM 302301106 23692 3065 SH SOLE 0 3065 0 0 FNB Corporation COM 302520101 83089 8444 SH SOLE 0 8444 0 0 Federal Agricultural Mortgage COM 313148306 15110 250 SH SOLE 0 250 0 0 Freddie Mac PREF STK 313400640 906194 160105 SH SOLE 0 160105 0 0 Fannie Mae PREF STK 313586752 13900 2000 SH SOLE 0 2000 0 0 Fifth Third Bancorp COM 316773100 265301 11275 SH SOLE 0 11275 0 0 First Bancshares COM 318916103 1597684 52816 SH SOLE 0 52816 0 0 First Community Corp COM 319835104 1153656 59375 SH SOLE 0 59375 0 0 Ford Motor COM 345370860 18869 2467 SH SOLE 0 2467 0 0 FreightCar America COM 357023100 311085 46500 SH SOLE 0 46500 0 0 General Electric COM 369604103 114966 15187 SH SOLE 0 15187 0 0 Genesis Energy COM 371927104 1999119 108236 SH SOLE 0 108236 0 0 Haverty Furniture COM 419596101 810169 43140 SH SOLE 0 43140 0 0 Hawaiian Holdings COM 419879101 33831 1281 SH SOLE 0 1281 0 0 Hawthorn Bancshares COM 420476103 572563 27226 SH SOLE 0 27226 0 0 Hess Midstream Partners COM 428104103 1290463 75999 SH SOLE 0 75999 0 0 Hi Crush Partners COM 428337109 5012 1400 SH SOLE 0 1400 0 0 Holly Energy Partners COM 435763107 2333266 81697 SH SOLE 0 81697 0 0 Home Depot COM 437076102 3400318 19790 SH SOLE 0 19790 0 0 HopFed Bancorp COM 439734104 288185 21684 SH SOLE 0 21684 0 0 Intel COM 458140100 1017208 21675 SH SOLE 0 21675 0 0 IBM COM 459200101 2197355 19331 SH SOLE 0 19331 0 0 iShares Barclays TIPS Bond COM 464287176 174933 1597 SH SOLE 0 1597 0 0 iShares MSCI Emerging Markets COM 464287234 309160 7915 SH SOLE 0 7915 0 0 iShares DJ US Financial Sector COM 464287788 507810 4774 SH SOLE 0 4774 0 0 Johnson & Johnson COM 478160104 2753153 21334 SH SOLE 0 21334 0 0 Lannett COM 516012101 268301 54093 SH SOLE 0 54093 0 0 MDC Holdings COM 552676108 1010217 35938 SH SOLE 0 35938 0 0 MVB Financial COM 553810102 944412 52351 SH SOLE 0 52351 0 0 Magellan Midstream COM 559080106 4517726 79175 SH SOLE 0 79175 0 0 McDermott International COM 580037703 312514 47785 SH SOLE 0 47785 0 0 McDonalds COM 580135101 3571821 20115 SH SOLE 0 20115 0 0 Microsoft COM 594918104 2182771 21490 SH SOLE 0 21490 0 0 Midsouth Bancorp COM 598039105 274805 25925 SH SOLE 0 25925 0 0 MidWest One Financial COM 598511103 255724 10299 SH SOLE 0 10299 0 0 NMI Holdings COM 629209305 2219023 124315 SH SOLE 0 124315 0 0 Nike COM 654106103 1407548 18985 SH SOLE 0 18985 0 0 Oaktree Capital COM 674001201 151646 3815 SH SOLE 0 3815 0 0 Old National Bancorp COM 680033107 1117208 72546 SH SOLE 0 72546 0 0 ONEOK COM 682680103 4248715 78753 SH SOLE 0 78753 0 0 Opus Bank COM 684000102 783110 39975 SH SOLE 0 39975 0 0 Parke Bancorp COM 700885106 990398 52920 SH SOLE 0 52920 0 0 Peoples Bancorp of NC COM 710577107 1039452 42496 SH SOLE 0 42496 0 0 Pfizer COM 717081103 1025077 23484 SH SOLE 0 23484 0 0 Phillips 66 Partners COM 718549207 2118042 50298 SH SOLE 0 50298 0 0 Plains All American COM 726503105 259177 12933 SH SOLE 0 12933 0 0 Procter & Gamble COM 742718109 1913407 20816 SH SOLE 0 20816 0 0 Shell Midstream Partners COM 822634101 1264620 77064 SH SOLE 0 77064 0 0 Southern National Bancorp COM 843395104 1245309 94199 SH SOLE 0 94199 0 0 SunPower Corporation COM 867652406 1173 236 SH SOLE 0 236 0 0 SunTrust Banks COM 867914103 499177 9896 SH SOLE 0 9896 0 0 Superior Industries COM 868168105 255443 53107 SH SOLE 0 53107 0 0 Timberland Bancorp COM 887098101 22300 1000 SH SOLE 0 1000 0 0 Toll Brothers COM 889478103 6586 200 SH SOLE 0 200 0 0 Turtle Beach Corp COM 900450206 877848 61517 SH SOLE 0 61517 0 0 Umpqua Holdings COM 904214103 15900 1000 SH SOLE 0 1000 0 0 Unisys Corp COM 909214306 772988 66465 SH SOLE 0 66465 0 0 United Bancshares COM 909458101 953148 47610 SH SOLE 0 47610 0 0 United Technologies Corp COM 913017109 2021523 18985 SH SOLE 0 18985 0 0 Vanguard S&P Mid Cap 400 COM 921932885 1487738 13300 SH SOLE 0 13300 0 0 Wal-Mart COM 931142103 1825367 19596 SH SOLE 0 19596 0 0 Walgreens COM 931427108 1297245 18985 SH SOLE 0 18985 0 0 Williams Companies COM 969457100 4645841 210696 SH SOLE 0 210696 0 0 Zions Bancorp COM 989701107 596067 14631 SH SOLE 0 14631 0 0 Zions Bancorp WARRANT 989701115 106859 11368 SH SOLE 0 11368 0 0 Argan Inc COM 04010e109 1053352 27837 SH SOLE 0 27837 0 0 Travelers Companies COM 89417e109 2297524 19186 SH SOLE 0 19186 0 0 A T & T COM 00206r102 132825 4654 SH SOLE 0 4654 0 0 Aceto Corp CONV BOND 004446AD2 1459830 1965000 PRN SOLE 0 1965000 0 0 Alaska Communications System COM 01167p101 819706 569240 SH SOLE 0 569240 0 0 Alliance Resource Partners COM 01877r108 3799055 219092 SH SOLE 0 219092 0 0 American Airlines Group COM 02376R102 449026 13984 SH SOLE 0 13984 0 0 AmeriServ Financial COM 03074a102 748466 185724 SH SOLE 0 185724 0 0 Andeavor Logistics COM 03350f106 1409449 43381 SH SOLE 0 43381 0 0 Antero Midstream Partners COM 03673l103 2137695 99939 SH SOLE 0 99939 0 0 Antero Midstream GP COM 03675y103 340152 30425 SH SOLE 0 30425 0 0 Arcbest Corp COM 03937c105 1075250 31385 SH SOLE 0 31385 0 0 Atlas Air Worldwide CONV BOND 049164BH8 1709252 1755000 PRN SOLE 0 1755000 0 0 BOK Financial Corp COM 05561q201 30073 410 SH SOLE 0 410 0 0 BP Midstream Partners COM 0556EL109 1243744 80035 SH SOLE 0 80035 0 0 Banc of California COM 05990k106 2641458 198457 SH SOLE 0 198457 0 0 Blackstone Group COM 09253u108 178413 5985 SH SOLE 0 5985 0 0 Carlyle Group COM 14309l102 122929 7805 SH SOLE 0 7805 0 0 Chesapeake Energy CONV BOND 165167CY1 2660062 3305000 PRN SOLE 0 3305000 0 0 Cisco Systems COM 17275r102 849615 19608 SH SOLE 0 19608 0 0 Contura Energy COM 21241b100 1584005 24095 SH SOLE 0 24095 0 0 Contura Energy WARRANT 21241b118 1321250 42280 SH SOLE 0 42280 0 0 Delek Logistics Partners COM 24664t103 1910581 65319 SH SOLE 0 65319 0 0 DowDuPont COM 26078j100 1083181 20254 SH SOLE 0 20254 0 0 EOG Resources COM 26875p101 21803 250 SH SOLE 0 250 0 0 EQT Midstream Partners COM 26885b100 2912974 67352 SH SOLE 0 67352 0 0 Eagle Bancorp Montana COM 26942g100 796835 48293 SH SOLE 0 48293 0 0 Encore Capital CONV BOND 292554AH5 1870175 2210000 PRN SOLE 0 2210000 0 0 Energy Transfer COM 29273v100 269701 20416 SH SOLE 0 20416 0 0 EnLink Midstream LLC COM 29336t100 678991 71548 SH SOLE 0 71548 0 0 EnLink Midstream Partners COM 29336u107 2435434 221202 SH SOLE 0 221202 0 0 Essa Bancorp COM 29667d104 1142355 73181 SH SOLE 0 73181 0 0 EZCorp Inc CONV BOND 302301AB2 3446119 3540000 PRN SOLE 0 3540000 0 0 Exxon Mobil COM 30231g102 1539867 22582 SH SOLE 0 22582 0 0 1st Constitution Bancorp COM 31986n102 248009 12444 SH SOLE 0 12444 0 0 First United Corp COM 33741h107 1192902 74931 SH SOLE 0 74931 0 0 First US Bancshares COM 33744v103 359503 45221 SH SOLE 0 45221 0 0 GNC Holdings CONV BOND 36191GAB3 2341625 3275000 PRN SOLE 0 3275000 0 0 General Motors COM 37045v100 13380 400 SH SOLE 0 400 0 0 Global Eagle Entertainment CONV BOND 37951DAB8 1420863 1970000 PRN SOLE 0 1970000 0 0 Goldman Sachs Group COM 38141g104 3234088 19360 SH SOLE 0 19360 0 0 Greenbriar Co CONV BOND 393657AK7 1499542 1525000 PRN SOLE 0 1525000 0 0 HMN Financial COM 40424g108 960890 48975 SH SOLE 0 48975 0 0 Homestreet Inc COM 43785u102 478524 22540 SH SOLE 0 22540 0 0 Horizon Global CONV BOND 44052WAA2 1281925 2350000 PRN SOLE 0 2350000 0 0 Horsehead Holdings WARRANT 44069P118 135005 3375 SH SOLE 0 3375 0 0 Iridium Communications COM 46269c102 103265 5597 SH SOLE 0 5597 0 0 iShares 0-5 Yr High Yield Corporate COM 46434v407 741980 16655 SH SOLE 0 16655 0 0 JPMorgan COM 46625h100 2309201 23655 SH SOLE 0 23655 0 0 KKR & Co COM 48248m102 133975 6825 SH SOLE 0 6825 0 0 KB HOME CONV BOND 48666KAS8 1822485 1835000 PRN SOLE 0 1835000 0 0 Kimball Electronics COM 49428j109 1178634 76090 SH SOLE 0 76090 0 0 Kinder Morgan COM 49456b101 812238 52811 SH SOLE 0 52811 0 0 LGI Homes COM 50187t106 769011 17006 SH SOLE 0 17006 0 0 MPLX COM 55336v100 2974359 98164 SH SOLE 0 98164 0 0 Macquarie Infrastructure CONV BOND 55608BAB1 1756600 2000000 PRN SOLE 0 2000000 0 0 Macys COM 55616p104 11912 400 SH SOLE 0 400 0 0 Merck COM 58933y105 1583292 20721 SH SOLE 0 20721 0 0 MutualFirst Financial COM 62845b104 840377 31629 SH SOLE 0 31629 0 0 NGL Energy Partners COM 62913M107 3196565 333323 SH SOLE 0 333323 0 0 Orchids Paper Products COM 68572n104 25850 27500 SH SOLE 0 27500 0 0 PDL Biopharma CONV BOND 69329YAG9 3291210 3250000 PRN SOLE 0 3250000 0 0 Paypal Holdings COM 70450y103 8409 100 SH SOLE 0 100 0 0 Peoples Financial Corp COM 71103b102 970278 84372 SH SOLE 0 84372 0 0 Plains GP Holdings COM 72651a207 1205341 59967 SH SOLE 0 59967 0 0 Premier Financial Bancorp COM 74050m105 1211080 81226 SH SOLE 0 81226 0 0 QCR Holdings COM 74727a104 3480188 108451 SH SOLE 0 108451 0 0 QEP Resources COM 74733v100 8445 1500 SH SOLE 0 1500 0 0 Pyxus International COM 74737v106 2372 200 SH SOLE 0 200 0 0 Royal Gold CONV BOND 780287AA6 892359 890000 PRN SOLE 0 890000 0 0 SB Financial Group COM 78408d105 2997913 182244 SH SOLE 0 182244 0 0 SPDR S&P 600 Small Cap Value COM 78464a300 678193 12601 SH SOLE 0 12601 0 0 SPDR Dow Jones Industrial COM 78467x109 8655681 37117 SH SOLE 0 37117 0 0 Sandridge Energy WARRANT 80007p125 4 4028 SH SOLE 0 4028 0 0 SandRidge Energy, Inc. COM 80007p869 506598 66570 SH SOLE 0 66570 0 0 SemGroup COM 81663a105 29806 2163 SH SOLE 0 2163 0 0 Sterling Bancorp COM 85917a100 410950 24891 SH SOLE 0 24891 0 0 Summit Financial Group COM 86606g101 2034752 105373 SH SOLE 0 105373 0 0 Sunpower Corp CONV BOND 867652AJ8 1172908 1525000 PRN SOLE 0 1525000 0 0 Sunpower CONV BOND 867652AL3 801980 1000000 PRN SOLE 0 1000000 0 0 Talos Energy COM 87484t108 537826 32955 SH SOLE 0 32955 0 0 Talos Energy WARRANT 87484t116 58607 52072 SH SOLE 0 52072 0 0 Targa Resources COM 87612g101 2638150 73241 SH SOLE 0 73241 0 0 Teekay Corp CONV BOND 87900YAD5 662290 1000000 PRN SOLE 0 1000000 0 0 3M Co COM 88579y101 3617402 18985 SH SOLE 0 18985 0 0 Titan Machinery CONV BOND 88830RAB7 2283357 2317000 PRN SOLE 0 2317000 0 0 Trex COM 89531p105 23744 400 SH SOLE 0 400 0 0 Two River Bancorp COM 90207c105 900844 59033 SH SOLE 0 59033 0 0 UnitedHealth Group Inc COM 91324p102 4821967 19356 SH SOLE 0 19356 0 0 Uniti Group COM 91325v108 542692 34855 SH SOLE 0 34855 0 0 Vaalco Energy COM 91851c201 347361 236300 SH SOLE 0 236300 0 0 Verizon Communications COM 92343v104 1190177 21170 SH SOLE 0 21170 0 0 Visa COM 92826c839 2512138 19040 SH SOLE 0 19040 0 0 Western Gas Equity Partners COM 95825r103 2583881 93180 SH SOLE 0 93180 0 0 Wintrust Financial COM 97650w108 1848156 27796 SH SOLE 0 27796 0 0 WPX Energy COM 98212b103 60662 5345 SH SOLE 0 5345 0 0 Aircastle LTD COM g0129k104 1367373 79314 SH SOLE 0 79314 0 0 Bunge Ltd CONV PREF g16962204 1906826 19658 SH SOLE 0 19658 0 0 Seagate Technology COM G7945M107 7718 200 SH SOLE 0 200 0 0 Genco Shipping WARRANT y2685t123 539 2155 SH SOLE 0 2155 0 0 Genco Shipping COM y2685t131 165149 20931 SH SOLE 0 20931 0 0 Navios Maritime Holdings COM y62196103 58989 215290 SH SOLE 0 215290 0 0 Navios Maritime Partners COM y62267102 111203 130919 SH SOLE 0 130919 0 0 Teekay LNG Partners COM y8564m105 1779917 161517 SH SOLE 0 161517 0 0 Teekay Inc COM y8564w103 418783 125384 SH SOLE 0 125384 0 0 Teekay Offshore Partners COM y8565j101 11201 9257 SH SOLE 0 9257 0 0 Teekay Tankers COM y8565n102 9373 10100 SH SOLE 0 10100 0 0