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Pinnacle Wealth Management Group, Inc. — 13F Holdings & Portfolio

CIK 1868491 · latest 13F-HR filed 2026-10-15

Backtest portfolio

Pinnacle Wealth Management Group, Inc. manages $218.3M in 13F-reported U.S. long-equity assets across 125 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are USTB (7.89%), VXUS (5.31%), SFLR (4.48%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 8 new positions and exited 11; 24 existing positions rose in reported value and 31 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$218.3M

Long-equity book

Holdings
125

Distinct positions

Period
2026-09-30

Filed 2026-10-15

Q/Q Activity
+8 / −11 / ↑24 / ↓31

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
USTB7.9% · +91%VXUS5.3% · +1%SFLR4.5% · +1%QFLR4.3% · +2%GDX3.6% · +2%VMBS3.0% · -6%QQQ3.0% · -0%MSFT2.9% · -1%TBIL2.9% · +2%IWM2.9% · +1%VO2.8% · +2%MS2.5% · -2%VGSH2.4% · newSPLV2.4% · +2%AEM2.3% · -2%FEX2.2% · newPAPR2.2% · -0%GNOV1.8% · -1%AAPL1.8% · +10%JPM1.7% · +4%KBWB1.6% · +1%PDEC1.5% · 0%XLV1.5% · +2%SPHD1.4% · +3%VPU1.3% · +2%AGI1.1% · -0%CDE1.1% · 0%PSEP0.9% · -1%SKE0.9% · +4%AMZN0.9% · +27%DDTL0.8% · -6%ITOT0.8% · -4%PFEB0.7% · -2%GOOGL0.7% · -0%BUFZ0.7% · +1%V0.7% · +7%PJUN0.6% · 0%PMAY0.6% · -4%PPTA0.6% · +17%TSM0.6% · 0%ABBV0.5% · -4%GOOG0.5% · 0%STIP0.5% · 0%RSP0.5% · -82%RSG0.5% · -4%PAUG0.4% · 0%POCT0.4% · -2%PEP0.4% · 0%VZ0.4% · -31%BSEP0.4% · +1%AMD0.3% · +25%WELL0.3% · 0%BRK.A0.3% · 0%VTI0.3% · 0%OGG0.3% · newNEE0.3% · +8%XNTK0.3% · newPNOV0.3% · -2%BA0.3% · +5%JNJ0.3% · -1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 40.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 22, 2026.

Assets Under Management
$2.34B
Discretionary
$2.34B
Employees
13
Accounts
1,956
Address
47 RECKLESS PLACE
RED BANK, NJ 07701
Phone
(732) 450-0147
Website
Name Title / Status Ownership Type
DAVINO, CARMINE ControlCHIEF COMPLIANCE OFFICER
since Jun 2011
Less than 5%Individual
FERRARE, JAMES, F ControlMANAGING MEMBER
since Jun 2011
Less than 5%Individual
PINNACLE CAPITAL MANAGEMENT, LLC ControlOWNER
since May 2011
50–75%Domestic Entity
WS+B FINANCIAL SERVICES GROUP LLC ControlOWNER
since Jul 2011
25–50%Domestic Entity
FERRARE, JAMES, F Control
Indirect owner via PINNACLE CAPITAL MANAGEMENT, LLC
MANAGING MEMBER
since Jun 2011
75% or moreIndividual
WITHUM, SMITH & BROWN, P.C. Control
Indirect owner via WS+B FINANCIAL SERVICES GROUP LLC
MEMBER
since Oct 1998
75% or moreDomestic Entity
Ownership & leadership changes · 1 filing with changes since Dec 1, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Sep 30, 2014 filing
  • ChangedWS+B FINANCIAL SERVICES GROUP LLC · ownership 50–75% → 25–50%
Dec 1, 2011 filing (earliest on record)
  • ListedDAVINO, CARMINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedFERRARE, JAMES, F · MANAGING MEMBER · Less than 5% · control person
  • ListedFERRARE, JAMES, F · MANAGING MEMBER · 75% or more · indirect via PINNACLE CAPITAL MANAGEMENT, LLC · control person
  • ListedPINNACLE CAPITAL MANAGEMENT, LLC · OWNER · 50–75% · control person
  • ListedWITHUM, SMITH & BROWN, P.C. · MEMBER · 75% or more · indirect via WS+B FINANCIAL SERVICES GROUP LLC · control person
  • ListedWS+B FINANCIAL SERVICES GROUP LLC · OWNER · 50–75% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Pinnacle Wealth Management Group, Inc. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VICTORY PORTFOLIOS II USTB 92647N535 $17.2M 7.89% 345,231 SH
2 VANGUARD STAR FDS VXUS 921909768 $11.6M 5.31% 136,371 SH
3 INNOVATOR ETFS TRUST SFLR 45783Y673 $9.8M 4.48% 250,855 SH
4 INNOVATOR ETFS TRUST QFLR 45783Y681 $9.3M 4.27% 258,075 SH
5 VANECK ETF TRUST GDX 92189F106 $7.8M 3.57% 88,766 SH
6 VANGUARD SCOTTSDALE FDS VMBS 92206C771 $6.6M 3.03% 148,886 SH
7 INVESCO QQQ TR QQQ 46090E103 $6.4M 2.95% 8,704 SH
8 MICROSOFT CORP MSFT 594918104 $6.4M 2.93% 12,464 SH
9 RBB FD INC TBIL 74933W452 $6.3M 2.90% 127,145 SH
10 ISHARES TR IWM 464287655 $6.3M 2.88% 22,625 SH
11 VANGUARD INDEX FDS VO 922908629 $6.2M 2.82% 78,635 SH
12 MORGAN STANLEY MS 617446448 $5.4M 2.46% 28,548 SH
13 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $5.2M 2.37% 89,711 SH
14 INVESCO EXCH TRADED FD TR II SPLV 46138E354 $5.1M 2.35% 72,862 SH
15 AGNICO EAGLE MINES LTD AEM 008474108 $4.9M 2.27% 26,986 SH
16 FIRST TR EXCHANGE-TRADED ALP FEX 33734K109 $4.9M 2.23% 36,704 SH
17 INNOVATOR ETFS TRUST PAPR 45782C870 $4.7M 2.17% 109,956 SH
18 FIRST TR EXCHNG TRADED FD VI GNOV 33740U687 $4.0M 1.83% 93,420 SH
19 APPLE INC AAPL 037833100 $4.0M 1.81% 11,880 SH
20 JPMORGAN CHASE & CO JPM 46625H100 $3.7M 1.70% 11,239 SH
21 INVESCO EXCH TRADED FD TR II KBWB 46138E628 $3.4M 1.57% 39,226 SH
22 INNOVATOR ETFS TRUST PDEC 45782C540 $3.4M 1.54% 71,470 SH
23 SELECT SECTOR SPDR TR XLV 81369Y209 $3.3M 1.53% 19,882 SH
24 INVESCO EXCH TRADED FD TR II SPHD 46138E362 $3.0M 1.39% 62,890 SH
25 VANGUARD WORLD FD VPU 92204A876 $2.9M 1.34% 17,061 SH
26 ALAMOS GOLD INC AGI 011532108 $2.5M 1.15% 77,475 SH
27 COEUR MNG INC CDE 192108504 $2.3M 1.07% 132,752 SH
28 INNOVATOR ETFS TRUST PSEP 45782C656 $2.0M 0.91% 42,610 SH
29 SKEENA RES LTD NEW SKE 83056P715 $1.9M 0.87% 63,871 SH
30 AMAZON COM INC AMZN 023135106 $1.9M 0.87% 7,581 SH
31 INNOVATOR ETFS TRUST DDTL 45784N510 $1.7M 0.78% 76,235 SH
32 ISHARES TR ITOT 464287150 $1.6M 0.75% 9,879 SH
33 INNOVATOR ETFS TRUST PFEB 45782C417 $1.6M 0.73% 36,183 SH
34 ALPHABET INC GOOGL 02079K305 $1.5M 0.70% 4,429 SH
35 FIRST TR EXCHNG TRADED FD VI BUFZ 33740U729 $1.5M 0.70% 53,217 SH
36 VISA INC V 92826C839 $1.5M 0.69% 4,204 SH
37 INNOVATOR ETFS TRUST PJUN 45782C748 $1.4M 0.64% 31,800 SH
38 INNOVATOR ETFS TRUST PMAY 45782C318 $1.4M 0.63% 32,755 SH
39 PERPETUA RESOURCES CORP PPTA 714266103 $1.3M 0.61% 61,745 SH
40 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $1.3M 0.57% 2,750 SH
41 ABBVIE INC ABBV 00287Y109 $1.2M 0.54% 4,522 SH
42 ALPHABET INC GOOG 02079K107 $1.2M 0.54% 3,450 SH
43 ISHARES TR STIP 46429B747 $1.1M 0.52% 11,467 SH
44 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $1.0M 0.47% 4,885 SH
45 REPUBLIC SVCS INC RSG 760759100 $1.0M 0.47% 4,837 SH
46 INNOVATOR ETFS TRUST PAUG 45782C680 $949.3K 0.43% 20,350 SH
47 INNOVATOR ETFS TRUST POCT 45782C797 $927.9K 0.43% 19,375 SH
48 PEPSICO INC PEP 713448108 $823.8K 0.38% 6,501 SH
49 VERIZON COMMUNICATIONS INC VZ 92343V104 $807.4K 0.37% 17,603 SH
50 INNOVATOR ETFS TRUST BSEP 45782C664 $768.0K 0.35% 14,230 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-15 $218.3M 125 0001868491-26-000005
2026-06-30 2026-07-15 $214.4M 128 0001868491-26-000003
2026-03-31 2026-04-14 $203.7M 120 0001868491-26-000002
2025-12-31 2026-01-23 $200.2M 126 0001868491-26-000001
Filer Information
Address
849 PENNIMAN, SUITE 201
PLYMOUTH, MI 48170
Phone
(734) 667-5581
Filing Manager
Pinnacle Wealth Management Group, Inc.
PLYMOUTH, MI
Signatory
Daniel A Cesta
President