Pinnacle Advisory Group, Inc. 13F Holdings Breakdown

CIK: 0001504404

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$2.2B

Reporting period: 2021-03-31 · Number of holdings: 253

Pinnacle Advisory Group, Inc. disclosed 253 holdings in its latest 13F filing for the period ending 2021-03-31, with total reported value of $2.2B and a quarterly turnover rate of 43.1%.

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Personality snowflake

Concentration: 10.38
Portfolio Stability: 43.05
Momentum/Contrarian: 100
Sector conviction: 61.41
Diversification: 100
Sizing Uniformity: 76.69

Pinnacle Advisory Group, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.026 — mathematically equivalent to about 39 equally-sized positions, well below its 253 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 2.33), 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.

Sector classification currently covers about 2% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Trim JPST
-37.9%　-$23.4M
Add COMB
+194.4%　$47.7M
Trim IYW
-24.8%　-$12.1M
Add KBE
+147.2%　$30.6M
Trim XLP
-29.8%　-$11.9M
Trim SCHP
-83.8%　-$16.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 253 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	XLK	Ss Technology Select Sector	ETF-Tech	7.64%	-0.27%	+24.18%
2	JMBS	Janus Henderson Mortg Backed	ETF-Other	4.57%	+0.20%	+38.24%
3	XLY	Ss Consumer Disc Select Sect	ETF-Other	4.56%	-0.91%	+4.93%
4	USIG	Ishares Broad Usd Investment	ETF-Other	4.19%	-0.59%	+20.93%
5	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	3.65%	+0.04%	+41.15%
6	XLF	Ss Financial Select Sector	ETF-Other	3.23%	+0.23%	+22.74%
7	COMB	Graniteshares Bcom Broad Str	ETF-Other	3.23%	+1.87%	+194.40%
8	XLI	Ss Industrial Select Sector	ETF-Other	3.08%	+0.14%	+23.58%
9	SRLN	Ss Blackstone Sr Loan ETF	ETF-Other	2.88%	+1.04%	+105.27%
10	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	2.53%	+0.14%	+34.01%
11	XLC	Ss Comm Select Sector Spdr	ETF-Other	2.48%	—	-8.49%
12	PAVE	Global X US Infrastructure	ETF-Other	2.43%	+0.40%	+33.15%
13	EWJ	Ishares Msci Japan ETF	ETF-Other	2.35%	+0.05%	+32.25%
14	KBE	Ss Spdr S&p Bank ETF	ETF-Other	2.09%	+1.20%	+147.20%
15	EWG	Ishares Msci Germany ETF	ETF-Other	1.98%	+0.12%	+32.98%
16	SOXX	Ishares Semiconductor ETF	ETF-Other	1.94%	+0.18%	+30.17%
17	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	1.94%	+0.32%	+83.85%
18	IYW	Ishares Ustechnology ETF	ETF-Tech	1.92%	-1.34%	-24.78%
19	VNLA	Janus Henderson Short Durati	ETF-Other	1.90%	-0.13%	+23.51%
20	EZU	Ishares Msci Eurozone ETF	ETF-Other	1.90%	-0.27%	+8.81%
21	FLGB	Franklin Ftse United Kingdom	ETF-Other	1.87%	+1.05%	+178.86%
22	JPST	Jpmorgan Ultra-short Income	ETF-Other	1.75%	-1.97%	-37.94%
23	GLDM1USD	Spdr Gold Minishares Trust	ETF-Commodities	1.74%	+1.74%	NEW
24	FMB	First Trust Managed Municipa	ETF-Other	1.67%	+0.06%	+37.12%
25	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	1.59%	+0.46%	+57.04%
26	XLB	Ss Materials Select Sector	ETF-Other	1.52%	+0.14%	+33.43%
27	PEJ	Invesco Leisure & Entertainm	ETF-Other	1.44%	+1.44%	NEW
28	EPP	Ishares Msci Pacific Ex Japa	ETF-Other	1.43%	+0.04%	+28.90%
29	XLE	Ss Energy Select Sector	ETF-Other	1.42%	+1.42%	NEW
30	SCHX	Schwab US Large-cap ETF	ETF-Other	1.40%	-0.19%	+9.27%
31	IHI	Ishares U.s. Medical Devices	ETF-Other	1.36%	-0.08%	+23.50%
32	XLP	Ss Consumer Staples Sel Sect	ETF-Other	1.34%	-1.14%	-29.84%
33	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	1.24%	-0.04%	+19.90%
34	ITB	Ishares U.s. Home Constructi	ETF-Other	1.20%	+0.13%	+20.85%
35	XLV	Ss Health Care Select Sector	ETF-Other	1.17%	-0.78%	-23.41%
36	VHT	Vanguard Health Care ETF	ETF-Other	1.12%	-0.59%	-15.96%
37	FNCL	Fidelity Msci Financial Indx	ETF-Other	1.08%	+0.12%	+27.29%
38	SCHZ	Schwab US Aggregate Bond ETF	ETF-Other	0.65%	—	+12.32%
39	FLJP	Franklin Ftse Japan ETF	ETF-Other	0.61%	—	+19.68%
40	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	0.59%	-0.04%	+16.54%
41	MUB	Ishares National Muni Bond E	ETF-Other	0.55%	+0.08%	+54.81%
42	AGG	Ishares Core U.s. Aggregate	ETF-Other	0.46%	—	+25.59%
43	AAPL	Apple INC	Stock-Tech	0.44%	+0.24%	+218.31%
44	DJP	Ipath Bloomberg Commodity In	ETF-Commodities	0.43%	+0.04%	+33.40%
45	UGI	Ugi CORP	Stock-Utilities	0.39%	+0.39%	NEW
46	SCHA	Schwab US Small-cap ETF	ETF-Other	0.39%	—	-1.12%
47	SCHF	Schwab Intl Equity ETF	ETF-Other	0.37%	—	+4.88%
48	SCHM	Schwab US Mid Cap ETF	ETF-Other	0.32%	—	+3.38%
49	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	0.32%	—	+26.02%
50	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.27%	—	+3.53%

1–50 of 200

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2021-03-31	253	$2.2B	43	1XLK 2JMBS 3XLY Top holdings2021-03-31 1.XLK 2.JMBS 3.XLY 4.USIG 5.IEF 6.XLF 7.COMB 8.XLI 9.SRLN 10.IEMG
2020-12-31	181	$1.7B	27	1XLK 2XLY 3USIG Top holdings2020-12-31 1.XLK 2.XLY 3.USIG 4.JMBS 5.JPST 6.IEF 7.XLC 8.IYW 9.XLF 10.XLI
2020-09-30	168	$1.5B	24	1XLK 2XLY 3USIG Top holdings2020-09-30 1.XLK 2.XLY 3.USIG 4.JMBS 5.IEF 6.XLC 7.JPST 8.IYW 9.XLV 10.GLDWEUR
2020-06-30	163	$1.4B	58	1XLK 2XLY 3JPST Top holdings2020-06-30 1.XLK 2.XLY 3.JPST 4.JMBS 5.IEI 6.XLC 7.IYW 8.XLV 9.GLDWEUR 10.IEF
2020-03-31	151	$1.0B	57	1XLV 2XLK 3IYW Top holdings2020-03-31 1.XLV 2.XLK 3.IYW 4.IEF 5.SCHO 6.XLC 7.JMBS 8.XLP 9.TLT 10.IEI
2019-12-31	162	$1.5B	30	1XLF 2IYW 3XLK Top holdings2019-12-31 1.XLF 2.IYW 3.XLK 4.IEF 5.GSY 6.XLV 7.SCHO 8.XLY 9.SPIB 10.XLC
2019-09-30	153	$1.4B	40	1IEF 2GSY 3XLF Top holdings2019-09-30 1.IEF 2.GSY 3.XLF 4.IYW 5.SCHO 6.XLP 7.XLK 8.EZU 9.SPIB 10.XLY
2019-06-30	166	$1.4B	27	1IEF 2GSY 3XLF Top holdings2019-06-30 1.IEF 2.GSY 3.XLF 4.IYW 5.GBIL 6.EZU 7.XLP 8.XLV 9.TLT 10.XLY
2019-03-31	167	$1.4B	35	1IEF 2GBIL 3GSY Top holdings2019-03-31 1.IEF 2.GBIL 3.GSY 4.IYW 5.XLP 6.EZU 7.XLV 8.XLF 9.VHT 10.XLU
2018-12-31	151	$1.3B	58	1IEF 2IYW 3GSY Top holdings2018-12-31 1.IEF 2.IYW 3.GSY 4.XLF 5.XLP 6.GBIL 7.XLV 8.XLU 9.FLRN 10.VHT
2018-09-30	160	$1.5B	47	1IYW 2FLRN 3XLF Top holdings2018-09-30 1.IYW 2.FLRN 3.XLF 4.IEF 5.XLP 6.XLV 7.EZU 8.GSY 9.VHT 10.XLY
2018-06-30	142	$1.7B	43	1IYW 2XLF 3FLRN Top holdings2018-06-30 1.IYW 2.XLF 3.FLRN 4.IEF 5.EZU 6.EWJ 7.XLI 8.XLY 9.VHT 10.XLP
2018-03-31	188	$1.7B	40	1IYW 2XLF 3XLI Top holdings2018-03-31 1.IYW 2.XLF 3.XLI 4.EZU 5.FLRN 6.VHT 7.TLT 8.DBJP 9.EWJ 10.SCHP
2017-12-31	198	$1.7B	19	1IYW 2XLF 3XLI Top holdings2017-12-31 1.IYW 2.XLF 3.XLI 4.EZU 5.DBJP 6.MINT 7.GSY 8.VHT 9.26923J 10.TLT
2017-09-30	185	$1.6B	36	1IYW 2XLF 3EZU Top holdings2017-09-30 1.IYW 2.XLF 3.EZU 4.XLI 5.DBJP 6.GSY 7.MINT 8.26923J 9.VHT 10.XLP
2017-06-30	184	$1.6B	24	1IYW 2XLF 3GSY Top holdings2017-06-30 1.IYW 2.XLF 3.GSY 4.XLI 5.XLP 6.TLT 7.MINT 8.EZU 9.VHT 10.XLY
2017-03-31	189	$1.5B	24	1IYW 2XLF 3XLP Top holdings2017-03-31 1.IYW 2.XLF 3.XLP 4.GSY 5.XLI 6.TLT 7.MINT 8.XLY 9.VHT 10.EZU
2016-12-31	189	$1.5B	56	1IYW 2XLF 3XLY Top holdings2016-12-31 1.IYW 2.XLF 3.XLY 4.XLI 5.TLT 6.XLP 7.GSY 8.MINT 9.VHT 10.EZU
2016-09-30	124	$1.2B	45	1IYW 2GSY 3XLF Top holdings2016-09-30 1.IYW 2.GSY 3.XLF 4.TLT 5.XLY 6.MINT 7.XLP 8.XLI 9.VHT 10.ACWI
2016-06-30	135	$1.3B	43	1TLT 2XLP 3GSY Top holdings2016-06-30 1.TLT 2.XLP 3.GSY 4.IYW 5.MINT 6.XLF 7.XLU 8.XLY 9.VHT 10.ACWI
2016-03-31	113	$1.1B	39	1TLT 2XLP 3IYW Top holdings2016-03-31 1.TLT 2.XLP 3.IYW 4.XLF 5.XLU 6.XLY 7.VHT 8.EZU 9.IEF 10.USDU
2015-12-31	115	$1.1B	31	1TLT 2IYW 3XLF Top holdings2015-12-31 1.TLT 2.IYW 3.XLF 4.XLP 5.XLY 6.USDU 7.VHT 8.IGM 9.DBJP 10.ITB
2015-09-30	105	$938.8M	43	1TLT 2IYW 3XLF Top holdings2015-09-30 1.TLT 2.IYW 3.XLF 4.XLY 5.XLP 6.USDU 7.FHLC 8.VHT 9.IGM 10.DBJP
2015-06-30	114	$1.0B	38	1IYW 2XLF 3XLY Top holdings2015-06-30 1.IYW 2.XLF 3.XLY 4.XLP 5.TLT 6.FHLC 7.USDU 8.DBJP 9.78355W 10.VHT
2015-03-31	149	$1.1B	31	1XLF 2IYW 3XLY Top holdings2015-03-31 1.XLF 2.IYW 3.XLY 4.XLP 5.TLT 6.78355W 7.VHT 8.IEF 9.DBJP 10.SOXX
2014-12-31	151	$1.1B	62	1XLF 2IYW 3GSY Top holdings2014-12-31 1.XLF 2.IYW 3.GSY 4.78355W 5.VHT 6.XLP 7.XLI 8.IEF 9.EZU 10.TLT
2014-09-30	133	$781.0M	57	1XLF 2EZU378355W Top holdings2014-09-30 1.XLF 2.EZU 3.78355W 4.VHT 5.XLP 6.XLY 7.XLI 8.XLE 9.IHF 10.AIVI
2014-06-30	122	$852.1M	88	1XLF 2IYW 3XLP Top holdings2014-06-30 1.XLF 2.IYW 3.XLP 4.GSY 5.78355W 6.XLY 7.XLE 8.XLI 9.SOXX 10.TLT
2014-03-31	106	$1.0B	87	1XLP 2SCHR 3EZU Top holdings2014-03-31 1.XLP 2.SCHR 3.EZU 4.VHT 5.XLF 6.78355W 7.XLY 8.GSY 9.XLE 10.XLI
2013-12-31	101	$845.3M	61	1XLY 2XLI 3XLE Top holdings2013-12-31 1.XLY 2.XLI 3.XLE 4.VHT 5.XLP 6.KIE 7.XLF 8.DXJ 9.IWM 10.IGV
2013-09-30	102	$855.0M	32	1XLY 2XLI 3XLE Top holdings2013-09-30 1.XLY 2.XLI 3.XLE 4.VHT 5.SCHR 6.XLP 7.EZU 8.KIE 9.XLF 10.HEDJ
2013-06-30	83	$752.7M	0	1XLI 2XLY 3VHT Top holdings2013-06-30 1.XLI 2.XLY 3.VHT 4.XLP 5.XLE 6.SCHR 7.XLF 8.KIE 9.GSY 10.DXJ

Holding changes this quarter

Pinnacle Advisory Group, Inc.'s most significant position changes for 2021-03-31: Sold out: Spdr Long Dollar Gold Trust (GLDWEUR); New buy: Spdr Gold Minishares Trust (GLDM1USD); New buy: Invesco Leisure & Entertainm (PEJ); New buy: Ss Energy Select Sector (XLE); New buy: Ugi CORP (UGI).

Position changes disclosed by Pinnacle Advisory Group, Inc. for the quarter ending 2021-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	COMB	Graniteshares Bcom Broad Str	+1.9%	+194.40%	Add
2	KBE	Ss Spdr S&p Bank ETF	+1.2%	+147.20%	Add
3	FLGB	Franklin Ftse United Kingdom	+1.1%	+178.86%	Add
4	SRLN	Ss Blackstone Sr Loan ETF	+1%	+105.27%	Add
5	SPSM	Ss Spdr P S&p 600 Small Cap	+0.5%	+57.04%	Add
6	PAVE	Global X US Infrastructure	+0.4%	+33.15%	Add
7	TLT	Ishares 20+ Year Treasury Bd	+0.3%	+83.85%	Add
8	AAPL	Apple INC	+0.2%	+218.31%	Add
9	XLF	Ss Financial Select Sector	+0.2%	+22.74%	Add
10	JMBS	Janus Henderson Mortg Backed	+0.2%	+38.24%	Add
11	SOXX	Ishares Semiconductor ETF	+0.2%	+30.17%	Add
12	XLI	Ss Industrial Select Sector	+0.1%	+23.58%	Add
13	IEMG	Ishares Core Msci Emerging	+0.1%	+34.01%	Add
14	XLB	Ss Materials Select Sector	+0.1%	+33.43%	Add
15	ITB	Ishares U.s. Home Constructi	+0.1%	+20.85%	Add
16	EWG	Ishares Msci Germany ETF	+0.1%	+32.98%	Add
17	FNCL	Fidelity Msci Financial Indx	+0.1%	+27.29%	Add
18	MSFT	Microsoft CORP	+0.1%	+220.36%	Add
19	MUB	Ishares National Muni Bond E	+0.1%	+54.81%	Add
20	FMB	First Trust Managed Municipa	+0.1%	+37.12%	Add
21	EWJ	Ishares Msci Japan ETF	+0.1%	+32.25%	Add
22	IEF	Ishares 7-10 Year Treasury B	0%	+41.15%	Add
23	EPP	Ishares Msci Pacific Ex Japa	0%	+28.90%	Add
24	DJP	Ipath Bloomberg Commodity In	0%	+33.40%	Add
25	IVV	Ishares Core S&p 500 ETF	0%	+19.90%	Add
26	SPYM	Ste Str Spdr Pt S&p 500 ETF	0%	+16.54%	Add
27	IHI	Ishares U.s. Medical Devices	-0.1%	+23.50%	Add
28	VNLA	Janus Henderson Short Durati	-0.1%	+23.51%	Add
29	SCHX	Schwab US Large-cap ETF	-0.2%	+9.27%	Add
30	XLK	Ss Technology Select Sector	-0.3%	+24.18%	Add
31	EZU	Ishares Msci Eurozone ETF	-0.3%	+8.81%	Add
32	TIP	Ishares Tips Bond ETF	-0.4%	-70.31%	Trim
33	USIG	Ishares Broad Usd Investment	-0.6%	+20.93%	Add
34	VHT	Vanguard Health Care ETF	-0.6%	-15.96%	Trim
35	XLV	Ss Health Care Select Sector	-0.8%	-23.41%	Trim
36	EWL	Ishares Msci Switzerland ETF	-0.9%	-98.43%	Trim
37	XLY	Ss Consumer Disc Select Sect	-0.9%	+4.93%	Add
38	SCHP	Schwab U.s. Tips ETF	-1.1%	-83.78%	Trim
39	XLP	Ss Consumer Staples Sel Sect	-1.1%	-29.84%	Trim
40	IYW	Ishares Ustechnology ETF	-1.3%	-24.78%	Trim
41	JPST	Jpmorgan Ultra-short Income	-2%	-37.94%	Trim
42	GLDWEUR	Spdr Long Dollar Gold Trust	—	EXIT	Sold out
43	GLDM1USD	Spdr Gold Minishares Trust	—	NEW	New buy
44	PEJ	Invesco Leisure & Entertainm	—	NEW	New buy
45	XLE	Ss Energy Select Sector	—	NEW	New buy
46	UGI	Ugi CORP	—	NEW	New buy
47	VEA	Vanguard Ftse Developed ETF	—	NEW	New buy
48	✓	Vanguard Tax-managed Intl Fd	—	EXIT	Sold out
49	PM	Philip Morris International	—	NEW	New buy
50	BSV	Vanguard Short-term Bond ETF	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2021-03-31	2021-05-12	13F-HR	View on EDGAR
2020-12-31	2021-02-09	13F-HR	View on EDGAR
2020-09-30	2020-11-12	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-05	13F-HR	View on EDGAR
2019-09-30	2019-10-17	13F-HR	View on EDGAR
2019-06-30	2019-08-06	13F-HR	View on EDGAR
2019-03-31	2019-04-26	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-09	13F-HR	View on EDGAR
2018-06-30	2018-07-20	13F-HR	View on EDGAR
2018-03-31	2018-04-17	13F-HR	View on EDGAR
2017-12-31	2018-01-24	13F-HR	View on EDGAR
2017-09-30	2017-10-25	13F-HR	View on EDGAR
2017-06-30	2017-07-19	Amendment	View on EDGAR
2017-06-30	2017-07-18	13F-HR	View on EDGAR
2017-03-31	2017-04-24	13F-HR	View on EDGAR
2016-12-31	2017-01-17	13F-HR	View on EDGAR
2016-09-30	2016-10-24	13F-HR	View on EDGAR
2016-06-30	2016-08-04	13F-HR	View on EDGAR
2016-03-31	2016-04-18	Amendment	View on EDGAR
2016-03-31	2016-04-15	13F-HR	View on EDGAR
2015-12-31	2016-02-08	13F-HR	View on EDGAR
2015-09-30	2015-11-06	13F-HR	View on EDGAR
2015-06-30	2015-08-04	13F-HR	View on EDGAR
2015-03-31	2015-05-01	13F-HR	View on EDGAR
2014-12-31	2015-02-09	13F-HR	View on EDGAR
2014-09-30	2014-11-03	13F-HR	View on EDGAR
2014-06-30	2014-07-23	13F-HR	View on EDGAR
2014-03-31	2014-05-02	13F-HR	View on EDGAR
2013-12-31	2014-02-13	13F-HR	View on EDGAR
2013-09-30	2013-11-07	13F-HR	View on EDGAR
2013-06-30	2013-08-13	Amendment	View on EDGAR
2013-06-30	2013-08-09	13F-HR	View on EDGAR

FAQ

What is Pinnacle Advisory Group, Inc. and what type of investor is it?

Pinnacle Advisory Group, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2021-03-31), the firm manages a tracked equity portfolio valued at approximately $2.2B, spread across 253 disclosed positions.

What are Pinnacle Advisory Group, Inc.'s largest equity positions?

Based on the latest 13F filing, Pinnacle Advisory Group, Inc.'s top holdings by market value are: 1. Ss Technology Select Sector (XLK) — $165.9M (7.6%) 2. Janus Henderson Mortg Backed (JMBS) — $99.2M (4.6%) 3. Ss Consumer Disc Select Sect (XLY) — $99.1M (4.6%) 4. Ishares Broad Usd Investment (USIG) — $91.0M (4.2%) 5. Ishares 7-10 Year Treasury B (IEF) — $79.2M (3.6%)

What changes did Pinnacle Advisory Group, Inc. make in its most recent portfolio filing?

In the latest reported quarter, Pinnacle Advisory Group, Inc. made 50 notable position adjustments: 7 new positions were initiated, 33 existing holdings were added to, 8 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Spdr Long Dollar Gold Trust (GLDWEUR); New buy: Spdr Gold Minishares Trust (GLDM1USD); New buy: Invesco Leisure & Entertainm (PEJ); New buy: Ss Energy Select Sector (XLE); New buy: Ugi CORP (UGI)

What sectors does Pinnacle Advisory Group, Inc. focus on?

Pinnacle Advisory Group, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 34.3% • Communication Services: 22.0% • Consumer Staples: 12.3% • Health Care: 9.6% • Consumer Discretionary: 7.9% • Financials: 7.6%

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Cerity Partners OCIO LLC

CIK 0001519611

Total reported value

$1.7B

25 stks

2026-03-31

Concentration37.9

Portfolio Stability30.9

Sector conviction0.0

2 of the top 5 holdings overlap, including Ss Technology Select Sector

View detail

Pinnacle Advisory Group, Inc. 13F Holdings Breakdown

CIK: 0001504404

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$2.2B

Reporting period: 2021-03-31 · Number of holdings: 253

Pinnacle Advisory Group, Inc. disclosed 253 holdings in its latest 13F filing for the period ending 2021-03-31, with total reported value of $2.2B and a quarterly turnover rate of 43.1%.

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Personality snowflake

Concentration: 10.38
Portfolio Stability: 43.05
Momentum/Contrarian: 100
Sector conviction: 61.41
Diversification: 100
Sizing Uniformity: 76.69

Position sizes vary widely across the portfolio (a coefficient of variation of 2.33), 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.

Recent moves

Trim JPST
-37.9%　-$23.4M
Add COMB
+194.4%　$47.7M
Trim IYW
-24.8%　-$12.1M
Add KBE
+147.2%　$30.6M
Trim XLP
-29.8%　-$11.9M
Trim SCHP
-83.8%　-$16.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 253 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	XLK	Ss Technology Select Sector	ETF-Tech	7.64%	-0.27%	+24.18%
2	JMBS	Janus Henderson Mortg Backed	ETF-Other	4.57%	+0.20%	+38.24%
3	XLY	Ss Consumer Disc Select Sect	ETF-Other	4.56%	-0.91%	+4.93%
4	USIG	Ishares Broad Usd Investment	ETF-Other	4.19%	-0.59%	+20.93%
5	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	3.65%	+0.04%	+41.15%
6	XLF	Ss Financial Select Sector	ETF-Other	3.23%	+0.23%	+22.74%
7	COMB	Graniteshares Bcom Broad Str	ETF-Other	3.23%	+1.87%	+194.40%
8	XLI	Ss Industrial Select Sector	ETF-Other	3.08%	+0.14%	+23.58%
9	SRLN	Ss Blackstone Sr Loan ETF	ETF-Other	2.88%	+1.04%	+105.27%
10	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	2.53%	+0.14%	+34.01%
11	XLC	Ss Comm Select Sector Spdr	ETF-Other	2.48%	—	-8.49%
12	PAVE	Global X US Infrastructure	ETF-Other	2.43%	+0.40%	+33.15%
13	EWJ	Ishares Msci Japan ETF	ETF-Other	2.35%	+0.05%	+32.25%
14	KBE	Ss Spdr S&p Bank ETF	ETF-Other	2.09%	+1.20%	+147.20%
15	EWG	Ishares Msci Germany ETF	ETF-Other	1.98%	+0.12%	+32.98%
16	SOXX	Ishares Semiconductor ETF	ETF-Other	1.94%	+0.18%	+30.17%
17	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	1.94%	+0.32%	+83.85%
18	IYW	Ishares Ustechnology ETF	ETF-Tech	1.92%	-1.34%	-24.78%
19	VNLA	Janus Henderson Short Durati	ETF-Other	1.90%	-0.13%	+23.51%
20	EZU	Ishares Msci Eurozone ETF	ETF-Other	1.90%	-0.27%	+8.81%
21	FLGB	Franklin Ftse United Kingdom	ETF-Other	1.87%	+1.05%	+178.86%
22	JPST	Jpmorgan Ultra-short Income	ETF-Other	1.75%	-1.97%	-37.94%
23	GLDM1USD	Spdr Gold Minishares Trust	ETF-Commodities	1.74%	+1.74%	NEW
24	FMB	First Trust Managed Municipa	ETF-Other	1.67%	+0.06%	+37.12%
25	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	1.59%	+0.46%	+57.04%
26	XLB	Ss Materials Select Sector	ETF-Other	1.52%	+0.14%	+33.43%
27	PEJ	Invesco Leisure & Entertainm	ETF-Other	1.44%	+1.44%	NEW
28	EPP	Ishares Msci Pacific Ex Japa	ETF-Other	1.43%	+0.04%	+28.90%
29	XLE	Ss Energy Select Sector	ETF-Other	1.42%	+1.42%	NEW
30	SCHX	Schwab US Large-cap ETF	ETF-Other	1.40%	-0.19%	+9.27%
31	IHI	Ishares U.s. Medical Devices	ETF-Other	1.36%	-0.08%	+23.50%
32	XLP	Ss Consumer Staples Sel Sect	ETF-Other	1.34%	-1.14%	-29.84%
33	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	1.24%	-0.04%	+19.90%
34	ITB	Ishares U.s. Home Constructi	ETF-Other	1.20%	+0.13%	+20.85%
35	XLV	Ss Health Care Select Sector	ETF-Other	1.17%	-0.78%	-23.41%
36	VHT	Vanguard Health Care ETF	ETF-Other	1.12%	-0.59%	-15.96%
37	FNCL	Fidelity Msci Financial Indx	ETF-Other	1.08%	+0.12%	+27.29%
38	SCHZ	Schwab US Aggregate Bond ETF	ETF-Other	0.65%	—	+12.32%
39	FLJP	Franklin Ftse Japan ETF	ETF-Other	0.61%	—	+19.68%
40	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	0.59%	-0.04%	+16.54%
41	MUB	Ishares National Muni Bond E	ETF-Other	0.55%	+0.08%	+54.81%
42	AGG	Ishares Core U.s. Aggregate	ETF-Other	0.46%	—	+25.59%
43	AAPL	Apple INC	Stock-Tech	0.44%	+0.24%	+218.31%
44	DJP	Ipath Bloomberg Commodity In	ETF-Commodities	0.43%	+0.04%	+33.40%
45	UGI	Ugi CORP	Stock-Utilities	0.39%	+0.39%	NEW
46	SCHA	Schwab US Small-cap ETF	ETF-Other	0.39%	—	-1.12%
47	SCHF	Schwab Intl Equity ETF	ETF-Other	0.37%	—	+4.88%
48	SCHM	Schwab US Mid Cap ETF	ETF-Other	0.32%	—	+3.38%
49	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	0.32%	—	+26.02%
50	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.27%	—	+3.53%

1–50 of 200

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2021-03-31	253	$2.2B	43	1XLK 2JMBS 3XLY Top holdings2021-03-31 1.XLK 2.JMBS 3.XLY 4.USIG 5.IEF 6.XLF 7.COMB 8.XLI 9.SRLN 10.IEMG
2020-12-31	181	$1.7B	27	1XLK 2XLY 3USIG Top holdings2020-12-31 1.XLK 2.XLY 3.USIG 4.JMBS 5.JPST 6.IEF 7.XLC 8.IYW 9.XLF 10.XLI
2020-09-30	168	$1.5B	24	1XLK 2XLY 3USIG Top holdings2020-09-30 1.XLK 2.XLY 3.USIG 4.JMBS 5.IEF 6.XLC 7.JPST 8.IYW 9.XLV 10.GLDWEUR
2020-06-30	163	$1.4B	58	1XLK 2XLY 3JPST Top holdings2020-06-30 1.XLK 2.XLY 3.JPST 4.JMBS 5.IEI 6.XLC 7.IYW 8.XLV 9.GLDWEUR 10.IEF
2020-03-31	151	$1.0B	57	1XLV 2XLK 3IYW Top holdings2020-03-31 1.XLV 2.XLK 3.IYW 4.IEF 5.SCHO 6.XLC 7.JMBS 8.XLP 9.TLT 10.IEI
2019-12-31	162	$1.5B	30	1XLF 2IYW 3XLK Top holdings2019-12-31 1.XLF 2.IYW 3.XLK 4.IEF 5.GSY 6.XLV 7.SCHO 8.XLY 9.SPIB 10.XLC
2019-09-30	153	$1.4B	40	1IEF 2GSY 3XLF Top holdings2019-09-30 1.IEF 2.GSY 3.XLF 4.IYW 5.SCHO 6.XLP 7.XLK 8.EZU 9.SPIB 10.XLY
2019-06-30	166	$1.4B	27	1IEF 2GSY 3XLF Top holdings2019-06-30 1.IEF 2.GSY 3.XLF 4.IYW 5.GBIL 6.EZU 7.XLP 8.XLV 9.TLT 10.XLY
2019-03-31	167	$1.4B	35	1IEF 2GBIL 3GSY Top holdings2019-03-31 1.IEF 2.GBIL 3.GSY 4.IYW 5.XLP 6.EZU 7.XLV 8.XLF 9.VHT 10.XLU
2018-12-31	151	$1.3B	58	1IEF 2IYW 3GSY Top holdings2018-12-31 1.IEF 2.IYW 3.GSY 4.XLF 5.XLP 6.GBIL 7.XLV 8.XLU 9.FLRN 10.VHT
2018-09-30	160	$1.5B	47	1IYW 2FLRN 3XLF Top holdings2018-09-30 1.IYW 2.FLRN 3.XLF 4.IEF 5.XLP 6.XLV 7.EZU 8.GSY 9.VHT 10.XLY
2018-06-30	142	$1.7B	43	1IYW 2XLF 3FLRN Top holdings2018-06-30 1.IYW 2.XLF 3.FLRN 4.IEF 5.EZU 6.EWJ 7.XLI 8.XLY 9.VHT 10.XLP
2018-03-31	188	$1.7B	40	1IYW 2XLF 3XLI Top holdings2018-03-31 1.IYW 2.XLF 3.XLI 4.EZU 5.FLRN 6.VHT 7.TLT 8.DBJP 9.EWJ 10.SCHP
2017-12-31	198	$1.7B	19	1IYW 2XLF 3XLI Top holdings2017-12-31 1.IYW 2.XLF 3.XLI 4.EZU 5.DBJP 6.MINT 7.GSY 8.VHT 9.26923J 10.TLT
2017-09-30	185	$1.6B	36	1IYW 2XLF 3EZU Top holdings2017-09-30 1.IYW 2.XLF 3.EZU 4.XLI 5.DBJP 6.GSY 7.MINT 8.26923J 9.VHT 10.XLP
2017-06-30	184	$1.6B	24	1IYW 2XLF 3GSY Top holdings2017-06-30 1.IYW 2.XLF 3.GSY 4.XLI 5.XLP 6.TLT 7.MINT 8.EZU 9.VHT 10.XLY
2017-03-31	189	$1.5B	24	1IYW 2XLF 3XLP Top holdings2017-03-31 1.IYW 2.XLF 3.XLP 4.GSY 5.XLI 6.TLT 7.MINT 8.XLY 9.VHT 10.EZU
2016-12-31	189	$1.5B	56	1IYW 2XLF 3XLY Top holdings2016-12-31 1.IYW 2.XLF 3.XLY 4.XLI 5.TLT 6.XLP 7.GSY 8.MINT 9.VHT 10.EZU
2016-09-30	124	$1.2B	45	1IYW 2GSY 3XLF Top holdings2016-09-30 1.IYW 2.GSY 3.XLF 4.TLT 5.XLY 6.MINT 7.XLP 8.XLI 9.VHT 10.ACWI
2016-06-30	135	$1.3B	43	1TLT 2XLP 3GSY Top holdings2016-06-30 1.TLT 2.XLP 3.GSY 4.IYW 5.MINT 6.XLF 7.XLU 8.XLY 9.VHT 10.ACWI
2016-03-31	113	$1.1B	39	1TLT 2XLP 3IYW Top holdings2016-03-31 1.TLT 2.XLP 3.IYW 4.XLF 5.XLU 6.XLY 7.VHT 8.EZU 9.IEF 10.USDU
2015-12-31	115	$1.1B	31	1TLT 2IYW 3XLF Top holdings2015-12-31 1.TLT 2.IYW 3.XLF 4.XLP 5.XLY 6.USDU 7.VHT 8.IGM 9.DBJP 10.ITB
2015-09-30	105	$938.8M	43	1TLT 2IYW 3XLF Top holdings2015-09-30 1.TLT 2.IYW 3.XLF 4.XLY 5.XLP 6.USDU 7.FHLC 8.VHT 9.IGM 10.DBJP
2015-06-30	114	$1.0B	38	1IYW 2XLF 3XLY Top holdings2015-06-30 1.IYW 2.XLF 3.XLY 4.XLP 5.TLT 6.FHLC 7.USDU 8.DBJP 9.78355W 10.VHT
2015-03-31	149	$1.1B	31	1XLF 2IYW 3XLY Top holdings2015-03-31 1.XLF 2.IYW 3.XLY 4.XLP 5.TLT 6.78355W 7.VHT 8.IEF 9.DBJP 10.SOXX
2014-12-31	151	$1.1B	62	1XLF 2IYW 3GSY Top holdings2014-12-31 1.XLF 2.IYW 3.GSY 4.78355W 5.VHT 6.XLP 7.XLI 8.IEF 9.EZU 10.TLT
2014-09-30	133	$781.0M	57	1XLF 2EZU378355W Top holdings2014-09-30 1.XLF 2.EZU 3.78355W 4.VHT 5.XLP 6.XLY 7.XLI 8.XLE 9.IHF 10.AIVI
2014-06-30	122	$852.1M	88	1XLF 2IYW 3XLP Top holdings2014-06-30 1.XLF 2.IYW 3.XLP 4.GSY 5.78355W 6.XLY 7.XLE 8.XLI 9.SOXX 10.TLT
2014-03-31	106	$1.0B	87	1XLP 2SCHR 3EZU Top holdings2014-03-31 1.XLP 2.SCHR 3.EZU 4.VHT 5.XLF 6.78355W 7.XLY 8.GSY 9.XLE 10.XLI
2013-12-31	101	$845.3M	61	1XLY 2XLI 3XLE Top holdings2013-12-31 1.XLY 2.XLI 3.XLE 4.VHT 5.XLP 6.KIE 7.XLF 8.DXJ 9.IWM 10.IGV
2013-09-30	102	$855.0M	32	1XLY 2XLI 3XLE Top holdings2013-09-30 1.XLY 2.XLI 3.XLE 4.VHT 5.SCHR 6.XLP 7.EZU 8.KIE 9.XLF 10.HEDJ
2013-06-30	83	$752.7M	0	1XLI 2XLY 3VHT Top holdings2013-06-30 1.XLI 2.XLY 3.VHT 4.XLP 5.XLE 6.SCHR 7.XLF 8.KIE 9.GSY 10.DXJ

Holding changes this quarter

Position changes disclosed by Pinnacle Advisory Group, Inc. for the quarter ending 2021-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	COMB	Graniteshares Bcom Broad Str	+1.9%	+194.40%	Add
2	KBE	Ss Spdr S&p Bank ETF	+1.2%	+147.20%	Add
3	FLGB	Franklin Ftse United Kingdom	+1.1%	+178.86%	Add
4	SRLN	Ss Blackstone Sr Loan ETF	+1%	+105.27%	Add
5	SPSM	Ss Spdr P S&p 600 Small Cap	+0.5%	+57.04%	Add
6	PAVE	Global X US Infrastructure	+0.4%	+33.15%	Add
7	TLT	Ishares 20+ Year Treasury Bd	+0.3%	+83.85%	Add
8	AAPL	Apple INC	+0.2%	+218.31%	Add
9	XLF	Ss Financial Select Sector	+0.2%	+22.74%	Add
10	JMBS	Janus Henderson Mortg Backed	+0.2%	+38.24%	Add
11	SOXX	Ishares Semiconductor ETF	+0.2%	+30.17%	Add
12	XLI	Ss Industrial Select Sector	+0.1%	+23.58%	Add
13	IEMG	Ishares Core Msci Emerging	+0.1%	+34.01%	Add
14	XLB	Ss Materials Select Sector	+0.1%	+33.43%	Add
15	ITB	Ishares U.s. Home Constructi	+0.1%	+20.85%	Add
16	EWG	Ishares Msci Germany ETF	+0.1%	+32.98%	Add
17	FNCL	Fidelity Msci Financial Indx	+0.1%	+27.29%	Add
18	MSFT	Microsoft CORP	+0.1%	+220.36%	Add
19	MUB	Ishares National Muni Bond E	+0.1%	+54.81%	Add
20	FMB	First Trust Managed Municipa	+0.1%	+37.12%	Add
21	EWJ	Ishares Msci Japan ETF	+0.1%	+32.25%	Add
22	IEF	Ishares 7-10 Year Treasury B	0%	+41.15%	Add
23	EPP	Ishares Msci Pacific Ex Japa	0%	+28.90%	Add
24	DJP	Ipath Bloomberg Commodity In	0%	+33.40%	Add
25	IVV	Ishares Core S&p 500 ETF	0%	+19.90%	Add
26	SPYM	Ste Str Spdr Pt S&p 500 ETF	0%	+16.54%	Add
27	IHI	Ishares U.s. Medical Devices	-0.1%	+23.50%	Add
28	VNLA	Janus Henderson Short Durati	-0.1%	+23.51%	Add
29	SCHX	Schwab US Large-cap ETF	-0.2%	+9.27%	Add
30	XLK	Ss Technology Select Sector	-0.3%	+24.18%	Add
31	EZU	Ishares Msci Eurozone ETF	-0.3%	+8.81%	Add
32	TIP	Ishares Tips Bond ETF	-0.4%	-70.31%	Trim
33	USIG	Ishares Broad Usd Investment	-0.6%	+20.93%	Add
34	VHT	Vanguard Health Care ETF	-0.6%	-15.96%	Trim
35	XLV	Ss Health Care Select Sector	-0.8%	-23.41%	Trim
36	EWL	Ishares Msci Switzerland ETF	-0.9%	-98.43%	Trim
37	XLY	Ss Consumer Disc Select Sect	-0.9%	+4.93%	Add
38	SCHP	Schwab U.s. Tips ETF	-1.1%	-83.78%	Trim
39	XLP	Ss Consumer Staples Sel Sect	-1.1%	-29.84%	Trim
40	IYW	Ishares Ustechnology ETF	-1.3%	-24.78%	Trim
41	JPST	Jpmorgan Ultra-short Income	-2%	-37.94%	Trim
42	GLDWEUR	Spdr Long Dollar Gold Trust	—	EXIT	Sold out
43	GLDM1USD	Spdr Gold Minishares Trust	—	NEW	New buy
44	PEJ	Invesco Leisure & Entertainm	—	NEW	New buy
45	XLE	Ss Energy Select Sector	—	NEW	New buy
46	UGI	Ugi CORP	—	NEW	New buy
47	VEA	Vanguard Ftse Developed ETF	—	NEW	New buy
48	✓	Vanguard Tax-managed Intl Fd	—	EXIT	Sold out
49	PM	Philip Morris International	—	NEW	New buy
50	BSV	Vanguard Short-term Bond ETF	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2021-03-31	2021-05-12	13F-HR	View on EDGAR
2020-12-31	2021-02-09	13F-HR	View on EDGAR
2020-09-30	2020-11-12	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-05	13F-HR	View on EDGAR
2019-09-30	2019-10-17	13F-HR	View on EDGAR
2019-06-30	2019-08-06	13F-HR	View on EDGAR
2019-03-31	2019-04-26	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-09	13F-HR	View on EDGAR
2018-06-30	2018-07-20	13F-HR	View on EDGAR
2018-03-31	2018-04-17	13F-HR	View on EDGAR
2017-12-31	2018-01-24	13F-HR	View on EDGAR
2017-09-30	2017-10-25	13F-HR	View on EDGAR
2017-06-30	2017-07-19	Amendment	View on EDGAR
2017-06-30	2017-07-18	13F-HR	View on EDGAR
2017-03-31	2017-04-24	13F-HR	View on EDGAR
2016-12-31	2017-01-17	13F-HR	View on EDGAR
2016-09-30	2016-10-24	13F-HR	View on EDGAR
2016-06-30	2016-08-04	13F-HR	View on EDGAR
2016-03-31	2016-04-18	Amendment	View on EDGAR
2016-03-31	2016-04-15	13F-HR	View on EDGAR
2015-12-31	2016-02-08	13F-HR	View on EDGAR
2015-09-30	2015-11-06	13F-HR	View on EDGAR
2015-06-30	2015-08-04	13F-HR	View on EDGAR
2015-03-31	2015-05-01	13F-HR	View on EDGAR
2014-12-31	2015-02-09	13F-HR	View on EDGAR
2014-09-30	2014-11-03	13F-HR	View on EDGAR
2014-06-30	2014-07-23	13F-HR	View on EDGAR
2014-03-31	2014-05-02	13F-HR	View on EDGAR
2013-12-31	2014-02-13	13F-HR	View on EDGAR
2013-09-30	2013-11-07	13F-HR	View on EDGAR
2013-06-30	2013-08-13	Amendment	View on EDGAR
2013-06-30	2013-08-09	13F-HR	View on EDGAR