CIK: 0002011176
Total reported value
$168.7M
Reporting period: 2026-03-31 · Number of holdings: 186
Pingora Partners LLC disclosed 186 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $168.7M and a quarterly turnover rate of 27.4%.
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Pingora Partners LLC's disclosed holdings carry a Herfindahl concentration index of 0.095 — mathematically equivalent to about 11 equally-sized positions, well below its 186 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.10), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim FTAI
-37.7% -$13.5M
Add CRGY
-3.7% $5.3M
Add FIP
+16.0% $2.0M
Add KRP
+105.4% $1.8M
Add ACN
+28000.0% $1.4M
Add CTRA
0.0% $1.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FTAI | FTAI Aviation Ltd. | Stock-Industrials | 27.71% | -9.14% | -37.69% | |
| 2 | CRGY | Crescent Energy Inc-a | Stock-Energy | 8.94% | +2.99% | -3.72% | |
| 3 | FIP | Ftai Infrastructure INC | Stock-Other | 6.01% | +1.02% | +15.96% | |
| 4 | CTRA | Coterra Energy INC | Stock-Energy | 2.89% | +0.66% | — | |
| 5 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 2.65% | -0.45% | +3.15% | |
| 6 | T | At&t INC | Stock-Comm Services | 2.24% | +0.28% | +1.18% | |
| 7 | DINO | Hf Sinclair CORP | Stock-Energy | 2.13% | +0.51% | — | |
| 8 | ET | Energy Transfer LP | Stock-Energy | 1.85% | +0.23% | +0.81% | |
| 9 | BA | Boeing Co/the | Stock-Industrials | 1.76% | -0.19% | +1.19% | |
| 10 | KRP | Kimbell Royalty Partners LP | Stock-Other | 1.73% | +1.02% | +105.43% | |
| 11 | XOM | Exxon Mobil CORP | Stock-Energy | 1.61% | +0.43% | — | |
| 12 | PFE | Pfizer INC | Stock-Healthcare | 1.49% | +0.21% | +6.74% | |
| 13 | FCX | Freeport-mcmoran INC | Stock-Materials | 1.42% | +0.15% | — | |
| 14 | AAPL | Apple INC | Stock-Tech | 1.32% | -0.14% | — | |
| 15 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.24% | -0.27% | -2.67% | |
| 16 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.22% | +0.10% | -0.44% | |
| 17 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 1.20% | +0.48% | +85.25% | |
| 18 | PVL | Permianville Royalty Trust | Stock-Other | 1.19% | +0.15% | +14.18% | |
| 19 | IBM | Intl Business Machines CORP | Stock-Tech | 1.16% | -0.30% | — | |
| 20 | SBSI | Southside Bancshares INC | Stock-Other | 1.14% | — | — | |
| 21 | TDAY | USA Today Co INC | Stock-Other | 1.06% | +0.25% | -1.36% | |
| 22 | KMI | Kinder Morgan INC | Stock-Energy | 1.06% | +0.16% | — | |
| 23 | MPLX | Mplx LP | Stock-Energy | 1.02% | +0.03% | — | |
| 24 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.97% | -0.14% | — | |
| 25 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.92% | +0.09% | — | |
| 26 | PTEN | Patterson-uti Energy INC | Stock-Energy | 0.91% | +0.38% | -0.98% | |
| 27 | COIN | Coinbase Global INC -class A | Stock-Financials | 0.90% | +0.90% | NEW | |
| 28 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.87% | -0.25% | -5.88% | |
| 29 | CSCO | Cisco Systems INC | Stock-Tech | 0.87% | +0.04% | +6.80% | |
| 30 | ACN | Accenture plc | Stock-Tech | 0.83% | +0.83% | +28000.00% | |
| 31 | AKAM | Akamai Technologies INC | Stock-Tech | 0.82% | +0.17% | -0.82% | |
| 32 | MSFT | Microsoft CORP | Stock-Tech | 0.79% | -0.29% | -1.02% | |
| 33 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.72% | +0.09% | — | |
| 34 | CVX | Chevron CORP | Stock-Energy | 0.71% | +0.17% | — | |
| 35 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.61% | — | — | |
| 36 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.57% | -0.13% | -1.98% | |
| 37 | SHEL | Shell Plc-adr | Stock-Energy | 0.56% | +0.10% | -0.97% | |
| 38 | GIS | General Mills INC | Stock-Consumer Staples | 0.55% | — | +13.29% | |
| 39 | DVN | Devon Energy CORP | Stock-Energy | 0.47% | +0.11% | -2.47% | |
| 40 | MDT | Medtronic plc | Stock-Healthcare | 0.46% | +0.43% | +1700.00% | |
| 41 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.43% | — | — | |
| 42 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.41% | — | — | |
| 43 | ORCL | Oracle CORP | Stock-Tech | 0.41% | +0.22% | +190.63% | |
| 44 | BKD | Brookdale Senior Living INC | Stock-Other | 0.39% | -0.54% | -66.12% | |
| 45 | SJT | San Juan Basin Royalty Tr | Stock-Other | 0.38% | -0.08% | — | |
| 46 | NFE | New Fortress Energy INC | Stock-Other | 0.38% | -0.13% | +48.61% | |
| 47 | MU | Micron Technology INC | Stock-Tech | 0.38% | -0.35% | -55.33% | |
| 48 | BORR | Borr Drilling Limited | Stock-Other | 0.34% | — | -35.14% | |
| 49 | CAT | Caterpillar INC | Stock-Industrials | 0.31% | — | — | |
| 50 | CBRL | Cracker Barrel Old Country | Stock-Other | 0.31% | +0.21% | +197.62% |
Performance for Q3 2026
-8.3%
Performance Last 4 Quarters
+30.9%
Based on 84% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 186 | $168.7M | 27 | |
| 2025-12-31 | 204 | $163.5M | 18 | |
| 2025-09-30 | 200 | $150.6M | 32 | |
| 2025-06-30 | 204 | $133.8M | 0 | |
| 2025-03-31 | 207 | $134.8M | 0 | |
| 2024-12-31 | 224 | $152.5M | 0 | |
| 2024-09-30 | 222 | $141.2M | 0 | |
| 2024-06-30 | 233 | $141.2M | 0 | |
| 2024-03-31 | 255 | $137.0M | 0 | |
| 2023-12-31 | 159 | $113.0M | 0 |
Pingora Partners LLC's most significant position changes for 2026-03-31: New buy: Coinbase Global INC -class A (COIN); New buy: Ishares Msci India ETF (INDA); Sold out: Salesforce INC (CRM); Trim: FTAI Aviation Ltd. (FTAI) — shares -37.69%; Trim: Crescent Energy Inc-a (CRGY) — shares -3.72%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CRGY | Crescent Energy Inc-a | +3% | -3.72% | Trim |
| 2 | FIP | Ftai Infrastructure INC | +1% | +15.96% | Add |
| 3 | KRP | Kimbell Royalty Partners LP | +1% | +105.43% | Add |
| 4 | ACN | Accenture plc | +0.8% | +28000.00% | Add |
| 5 | CTRA | Coterra Energy INC | +0.7% | — | Unchanged |
| 6 | DINO | Hf Sinclair CORP | +0.5% | — | Unchanged |
| 7 | KHC | Kraft Heinz Co/the | +0.5% | +85.25% | Add |
| 8 | XOM | Exxon Mobil CORP | +0.4% | — | Unchanged |
| 9 | MDT | Medtronic plc | +0.4% | +1700.00% | Add |
| 10 | PTEN | Patterson-uti Energy INC | +0.4% | -0.98% | Trim |
| 11 | T | At&t INC | +0.3% | +1.18% | Add |
| 12 | OKTA | Okta INC | +0.3% | +970.00% | Add |
| 13 | TDAY | USA Today Co INC | +0.3% | -1.36% | Trim |
| 14 | ET | Energy Transfer LP | +0.2% | +0.81% | Add |
| 15 | HTZ | Hertz Global Hldgs INC | +0.2% | +566.02% | Add |
| 16 | ORCL | Oracle CORP | +0.2% | +190.63% | Add |
| 17 | PFE | Pfizer INC | +0.2% | +6.74% | Add |
| 18 | CBRL | Cracker Barrel Old Country | +0.2% | +197.62% | Add |
| 19 | AKAM | Akamai Technologies INC | +0.2% | -0.82% | Trim |
| 20 | CVX | Chevron CORP | +0.2% | — | Unchanged |
| 21 | KMI | Kinder Morgan INC | +0.2% | — | Unchanged |
| 22 | DSGR | Distribution Solutions Group | +0.2% | +1080.00% | Add |
| 23 | FCX | Freeport-mcmoran INC | +0.2% | — | Unchanged |
| 24 | PVL | Permianville Royalty Trust | +0.2% | +14.18% | Add |
| 25 | DVN | Devon Energy CORP | +0.1% | -2.47% | Trim |
| 26 | BMY | Bristol-myers Squibb Co | +0.1% | -0.44% | Trim |
| 27 | SHEL | Shell Plc-adr | +0.1% | -0.97% | Trim |
| 28 | MRK | Merck & Co. INC. | +0.1% | — | Unchanged |
| 29 | JNJ | Johnson & Johnson | +0.1% | — | Unchanged |
| 30 | CSCO | Cisco Systems INC | 0% | +6.80% | Add |
| 31 | MPLX | Mplx LP | 0% | — | Unchanged |
| 32 | CWH | Camping World Holdings Inc-a | -0.1% | +3.36% | Add |
| 33 | PATH | Uipath INC - Class A | -0.1% | +3.52% | Add |
| 34 | SJT | San Juan Basin Royalty Tr | -0.1% | — | Unchanged |
| 35 | DIS | Walt Disney Co/the | -0.1% | -1.98% | Trim |
| 36 | NFE | New Fortress Energy INC | -0.1% | +48.61% | Add |
| 37 | AMZN | Amazon.com INC | -0.1% | — | Unchanged |
| 38 | AAPL | Apple INC | -0.1% | — | Unchanged |
| 39 | BA | Boeing Co/the | -0.2% | +1.19% | Add |
| 40 | LLY | Eli Lilly & Co | -0.3% | -5.88% | Trim |
| 41 | META | Meta Platforms Inc-class A | -0.3% | -2.67% | Trim |
| 42 | MSFT | Microsoft CORP | -0.3% | -1.02% | Trim |
| 43 | IBM | Intl Business Machines CORP | -0.3% | — | Unchanged |
| 44 | MU | Micron Technology INC | -0.4% | -55.33% | Trim |
| 45 | BABA | Alibaba Group Holding-sp Adr | -0.5% | +3.15% | Add |
| 46 | BKD | Brookdale Senior Living INC | -0.5% | -66.12% | Trim |
| 47 | FTAI | FTAI Aviation Ltd. | -9.1% | -37.69% | Trim |
| 48 | COIN | Coinbase Global INC -class A | — | NEW | New buy |
| 49 | INDA | Ishares Msci India ETF | — | NEW | New buy |
| 50 | CRM | Salesforce INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
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