Latest PINNACLE ASSOCIATES LTD Stock Portfolio
PINNACLE ASSOCIATES LTD Performance:
2024 Q3: -5.23%YTD: 1.75%2023: 14.24%
Performance for 2024 Q3 is -5.23%, and YTD is 1.75%, and 2023 is 14.24%.
About PINNACLE ASSOCIATES LTD and 13F Hedge Fund Stock Holdings
PINNACLE ASSOCIATES LTD is a hedge fund based in NEW YORK, NY. On 16-May-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $6.6 Billions. In it's latest 13F Holdings report, PINNACLE ASSOCIATES LTD reported an equity portfolio of $5.9 Billions as of 30 Sep, 2024.
The top stock holdings of PINNACLE ASSOCIATES LTD are AAPL, JNJ, MSFT. The fund has invested 4.4% of it's portfolio in APPLE INC and 3.5% of portfolio in JOHNSON & JOHNSON.
The fund managers got completely rid off 2023 ETF SERIES TRUST II, LIBERTY MEDIA CORP DEL (BATRA) and RESMED INC (RMD) stocks. They significantly reduced their stock positions in CHIPOTLE MEXICAN GRILL INC (CMG), SPHERE ENTERTAINMENT CO (MSGE) and NVIDIA CORPORATION (NVDA). PINNACLE ASSOCIATES LTD opened new stock positions in SPIRIT AEROSYSTEMS HLDGS INC (SPR), QUIDELORTHO CORP (QDEL) and NEW FORTRESS ENERGY INC (NFE). The fund showed a lot of confidence in some stocks as they added substantially to CROCS INC (CROX), PROSHARES TR (ALTS) and LUNA INNOVATIONS INC.
The top stock holdings of PINNACLE ASSOCIATES LTD are AAPL, JNJ, MSFT. The fund has invested 4.4% of it's portfolio in APPLE INC and 3.5% of portfolio in JOHNSON & JOHNSON.
The fund managers got completely rid off 2023 ETF SERIES TRUST II, LIBERTY MEDIA CORP DEL (BATRA) and RESMED INC (RMD) stocks. They significantly reduced their stock positions in CHIPOTLE MEXICAN GRILL INC (CMG), SPHERE ENTERTAINMENT CO (MSGE) and NVIDIA CORPORATION (NVDA). PINNACLE ASSOCIATES LTD opened new stock positions in SPIRIT AEROSYSTEMS HLDGS INC (SPR), QUIDELORTHO CORP (QDEL) and NEW FORTRESS ENERGY INC (NFE). The fund showed a lot of confidence in some stocks as they added substantially to CROCS INC (CROX), PROSHARES TR (ALTS) and LUNA INNOVATIONS INC.
PINNACLE ASSOCIATES LTD Annual Return Estimates Vs S&P 500
Our best estimate is that PINNACLE ASSOCIATES LTD made a return of -5.23% in the last quarter. In trailing 12 months, it's portfolio return was 10.25%.
New Buys
| Ticker | $ Bought |
|---|---|
| spirit aerosystems hldgs inc | 6,349,140 |
| quidelortho corp | 6,292,140 |
| new fortress energy inc | 3,693,580 |
| equity residential | 3,252,670 |
| intrepid potash inc | 3,100,490 |
| world kinect corporation | 1,122,740 |
New stocks bought by PINNACLE ASSOCIATES LTD
Additions
| Ticker | % Inc. |
|---|---|
| crocs inc | 1,166 |
| proshares tr | 477 |
| luna innovations inc | 402 |
| crh plc | 195 |
| lululemon athletica inc | 178 |
| bel fuse inc | 168 |
| borgwarner inc | 127 |
| 3m co | 125 |
Additions to existing portfolio by PINNACLE ASSOCIATES LTD
Reductions
| Ticker | % Reduced |
|---|---|
| nvidia corporation | -89.06 |
| broadcom inc | -87.3 |
| ishares tr | -82.3 |
| tactile sys technology inc | -81.93 |
| ishares tr | -80.00 |
| ishares tr | -79.71 |
| walmart inc | -65.34 |
| mp materials corp | -60.7 |
PINNACLE ASSOCIATES LTD reduced stake in above stock
Sold off
Sector Distribution
PINNACLE ASSOCIATES LTD has about 25.9% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 25.9 |
| Technology | 22.6 |
| Healthcare | 11.2 |
| Industrials | 9.5 |
| Financial Services | 9.1 |
| Consumer Cyclical | 7.7 |
| Communication Services | 5.9 |
| Consumer Defensive | 3 |
| Energy | 2.6 |
Market Cap. Distribution
PINNACLE ASSOCIATES LTD has about 57.9% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 29.4 |
| MEGA-CAP | 28.5 |
| UNALLOCATED | 25.7 |
| MID-CAP | 11.1 |
| SMALL-CAP | 4.4 |
Stocks belong to which Index?
About 67.2% of the stocks held by PINNACLE ASSOCIATES LTD either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 57.1 |
| Others | 32.8 |
| RUSSELL 2000 | 10.1 |
PINNACLE ASSOCIATES LTD Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of PINNACLE ASSOCIATES LTD
PINNACLE ASSOCIATES LTD has 795 stocks in it's portfolio. About 20.4% of the portfolio is in top 10 stocks. LRCX proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for PINNACLE ASSOCIATES LTD last quarter.
Last Reported on: 25 Oct, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAPL | apple inc | 4.38 | 1,338,050 | 257,615,000 | reduced | -0.33 | ||
| AAXJ | ishares tr | 0.13 | 121,343 | 7,511,120 | added | 5.77 | ||
| AAXJ | ishares tr | 0.07 | 33,702 | 3,947,470 | reduced | -3.76 | ||
| AAXJ | ishares tr | 0.05 | 27,922 | 2,841,630 | reduced | -0.53 | ||
| AAXJ | ishares tr | 0.03 | 31,066 | 1,676,640 | added | 4.23 | ||
| AAXJ | ishares tr | 0.03 | 31,393 | 1,609,680 | added | 2.31 | ||
| AAXJ | ishares tr | 0.03 | 13,433 | 1,456,270 | reduced | -6.9 | ||
| AAXJ | ishares tr | 0.03 | 14,240 | 1,448,640 | reduced | -7.77 | ||
| AAXJ | ishares tr | 0.02 | 11,586 | 1,122,100 | added | 2.66 | ||
| ABBV | abbvie inc | 0.33 | 123,638 | 19,160,200 | added | 4.78 | ||
| ABT | abbott labs | 0.19 | 102,454 | 11,277,100 | added | 6.38 | ||
| ACN | accenture plc ireland | 0.18 | 30,431 | 10,678,400 | added | 8.17 | ||
| ACWF | ishares tr | 0.06 | 66,272 | 3,566,760 | reduced | -8.57 | ||
| ADBE | adobe inc | 0.46 | 45,143 | 26,932,400 | added | 2.08 | ||
| ADI | analog devices inc | 0.06 | 17,195 | 3,414,320 | reduced | -10.47 | ||
| ADM | archer daniels midland co | 0.02 | 16,100 | 1,162,720 | added | 15.76 | ||
| ADP | automatic data processing in | 0.12 | 30,387 | 7,079,370 | added | 1.85 | ||
| AEIS | advanced energy inds | 0.33 | 176,683 | 19,244,400 | added | 3.65 | ||
| AEP | american elec pwr co inc | 0.06 | 40,710 | 3,306,470 | added | 23.2 | ||
| AFK | vaneck etf trust | 0.02 | 5,866 | 1,025,840 | reduced | -40.67 | ||