Pinnacle Advisory Group, Inc.

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%.

Personality snowflake

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

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 247 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 247

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

FAQ

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

Pinnacle Advisory Group, Inc. is a 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%