PINNACLE ASSOCIATES LTD

NEW YORK, NY · CIK 743127 · 13F filing filed 2023-07-27

SEC-registered investment adviser since 1984 · corporation

Assets managed$10.4bn
Staff69 · 33 in investment roles
Main clients (by assets)Other advisers 23%, Individuals 19%, High net worth individuals 18%
Private funds4 · $176.1m gross assets
Websitepinnacleinsights.org
Form ADV · 2026-03-26SEC adviser record

Legal entityPinnacle Associates Ltd. (US)

$5.8bn reported value +17.9% vs Q1 2023

813positions

20.0%in top 10

81 new 350 added 297 reduced 38 sold out vs Q1 2023

Also in the report of:

SVB WEALTH LLC – $263.6k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	1,343,789	$260.7m4.52%	4.52%	Added +50.5k	+50,517 3.9%
2	JOHNSON & JOHNSON COM JNJ	JNJ	1,309,009	$216.7m3.76%	3.76%	Added +21.2k	+21,178 1.6%
3	MICROSOFT CORP COM MSFT	MSFT	505,019	$172.0m2.98%	2.98%	Added +36.7k	+36,706 7.8%
4	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	207,871	$92.1m1.60%	1.60%	Added +18.4k	+18,418 9.7%
5	VANGUARD INDEX FDS SMALL CP ETF VB	VB	387,714	$77.1m1.34%	1.34%	Added +2.9k	+2,934 0.8%
6	JPMORGAN CHASE & CO COM JPM	JPM	481,975	$70.1m1.22%	1.22%	Added +61.0k	+60,976 14.5%
7	LAM RESEARCH CORP COM COM		105,830	$68.0m1.18%	1.18%	Reduced -3.7k	-3,739 -3.4%
8	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	179,181	$66.2m1.15%	1.15%	Added +37.0k	+36,987 26.0%
9	AMAZON COM INC COM AMZN	AMZN	500,010	$65.2m1.13%	1.13%	Added +33.0k	+33,008 7.1%
10	BROADCOM INC COM AVGO	AVGO	73,023	$63.3m1.10%	1.10%	Added +8.5k	+8,521 13.2%
11	XYLEM INC COM XYL	XYL	541,794	$61.0m1.06%	1.06%	Added +474.9k	+474,874 709.6%
12	MERCK & CO INC COM MRK	MRK	479,056	$55.3m0.96%	0.96%	Added +44.1k	+44,092 10.1%
13	ISHARES TR CORE S&P500 ETF IVV	IVV	117,234	$52.3m0.91%	0.91%	Added +3.5k	+3,496 3.1%
14	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	485,066	$51.5m0.89%	0.89%	Reduced -1.4k	-1,367 -0.3%
15	VISA INC COM CL A V	V	213,050	$50.6m0.88%	0.88%	Added +17.5k	+17,531 9.0%
16	REGENERON PHARMACEUTICALS COM REGN	REGN	70,195	$50.4m0.88%	0.88%	Reduced -1.5k	-1,504 -2.1%
17	ALPHABET INC CAP STK CL C GOOG	GOOG	410,015	$49.6m0.86%	0.86%	Added +17.9k	+17,925 4.6%
18	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	366,319	$49.4m0.86%	0.86%	Added +15.9k	+15,948 4.5%
19	BOYD GAMING CORP COM BYD	BYD	701,757	$48.7m0.84%	0.84%	Reduced -100.2k	-100,228 -12.5%
20	ROYAL CARIBBEAN GROUP COM RCL	RCL	467,803	$48.5m0.84%	0.84%	Reduced -13.8k	-13,827 -2.9%
21	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	654,635	$47.5m0.82%	0.82%	Added +8.4k	+8,430 1.3%
22	HOME DEPOT INC COM HD	HD	147,772	$45.9m0.80%	0.80%	Added +13.6k	+13,580 10.1%
23	IRIDIUM COMMUNICATIONS INC COM IRDM	IRDM	734,244	$45.6m0.79%	0.79%	Reduced -24.8k	-24,847 -3.3%
24	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	832,683	$45.3m0.79%	0.79%	Added +31.5k	+31,493 3.9%
25	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	202,824	$44.7m0.78%	0.78%	Added +2.6k	+2,557 1.3%
26	ALPHABET INC CAP STK CL A GOOGL	GOOGL	365,225	$43.7m0.76%	0.76%	Added +27.0k	+27,005 8.0%
27	COHERENT CORP COM COHR	COHR	841,461	$42.9m0.74%	0.74%	Reduced -31.1k	-31,081 -3.6%
28	QORVO INC COM QRVO	QRVO	415,317	$42.4m0.74%	0.74%	Reduced -7.3k	-7,251 -1.7%
29	NVIDIA CORPORATION COM NVDA	NVDA	100,154	$42.4m0.74%	0.74%	Added +8.5k	+8,527 9.3%
30	CISCO SYS INC COM CSCO	CSCO	809,953	$41.9m0.73%	0.73%	Added +142.9k	+142,895 21.4%
31	UNITED PARKS & RESORTS INC COM PRKS	PRKS	738,344	$41.4m0.72%	0.72%	Reduced -19.7k	-19,690 -2.6%
32	META PLATFORMS INC CL A META	META	142,782	$41.0m0.71%	0.71%	Added +866	+866 0.6%
33	MORGAN STANLEY COM NEW MS	MS	462,559	$39.5m0.69%	0.69%	Added +23.0k	+23,029 5.2%
34	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	109,365	$37.3m0.65%	0.65%	Added +5.2k	+5,207 5.0%
35	PROCTER AND GAMBLE CO COM PG	PG	235,783	$35.8m0.62%	0.62%	Added +26.3k	+26,284 12.6%
36	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	1,190,712	$35.0m0.61%	0.61%	Reduced -39.9k	-39,872 -3.2%
37	AMERICAN EXPRESS CO COM AXP	AXP	195,872	$34.1m0.59%	0.59%	Added +70.7k	+70,741 56.5%
38	AMBARELLA INC SHS AMBA	AMBA	388,104	$32.5m0.56%	0.56%	Added +31.3k	+31,301 8.8%
39	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	67,139	$32.2m0.56%	0.56%	Added +3	+3 0.0%
40	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	574,027	$31.8m0.55%	0.55%	Added +45.2k	+45,199 8.6%
41	PFIZER INC COM PFE	PFE	864,044	$31.7m0.55%	0.55%	Added +75.8k	+75,814 9.6%
42	COMCAST CORP NEW CL A CMCSA	CMCSA	756,523	$31.4m0.55%	0.55%	Added +89.1k	+89,092 13.3%
43	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	165,178	$31.1m0.54%	0.54%	Reduced -3.4k	-3,366 -2.0%
44	GOLAR LNG LTD SHS GLNG	GLNG	1,532,056	$30.9m0.54%	0.54%	Reduced -34.8k	-34,762 -2.2%
45	COGNEX CORP COM CGNX	CGNX	546,099	$30.6m0.53%	0.53%	Reduced -17.2k	-17,180 -3.0%
46	SEAGEN INC COM SGEN	SGEN	157,348	$30.3m0.53%	0.53%	Reduced -36.7k	-36,690 -18.9%
47	ELI LILLY & CO COM LLY	LLY	64,540	$30.3m0.53%	0.53%	Added +5.1k	+5,149 8.7%
48	BLACKROCK INC COM BLK	BLK	43,215	$29.9m0.52%	0.52%	Added +5.5k	+5,507 14.6%
49	PLUG POWER INC COM NEW PLUG	PLUG	2,812,624	$29.2m0.51%	0.51%	Added +652.6k	+652,595 30.2%
50	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	2,386,657	$28.9m0.50%	0.50%	Reduced -50.5k	-50,532 -2.1%
51	CANADIAN PACIFIC KANSAS CITY COM CP	CP	352,469	$28.5m0.49%	0.49%	New
52	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	82,578	$28.4m0.49%	0.49%	Added +36.3k	+36,303 78.5%
53	VANGUARD WORLD FD INF TECH ETF VGT	VGT	61,958	$27.4m0.48%	0.48%	Added +57.5k	+57,545 1304.0%
54	TRIMBLE INC COM TRMB	TRMB	516,484	$27.3m0.47%	0.47%	Reduced -17.1k	-17,135 -3.2%
55	ISHARES TR CORE S&P SCP ETF IJR	IJR	272,478	$27.2m0.47%	0.47%	Added +21.3k	+21,323 8.5%
56	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	420,797	$26.9m0.47%	0.47%	Added +156.3k	+156,281 59.1%
57	ORACLE CORP COM ORCL	ORCL	219,941	$26.2m0.45%	0.45%	Added +14.6k	+14,631 7.1%
58	RTX CORPORATION COM RTX	RTX	261,387	$25.6m0.44%	0.44%	Added +17.5k	+17,493 7.2%
59	PEPSICO INC COM PEP	PEP	137,627	$25.5m0.44%	0.44%	Added +25.5k	+25,468 22.7%
60	EATON CORP PLC SHS ETN	ETN	126,225	$25.4m0.44%	0.44%	Added +5.7k	+5,744 4.8%
61	RAYMOND JAMES FINL INC COM RJF	RJF	240,905	$25.0m0.43%	0.43%	Reduced -10.1k	-10,088 -4.0%
62	LUMENTUM HLDGS INC COM LITE	LITE	438,020	$24.8m0.43%	0.43%	Reduced -46.6k	-46,639 -9.6%
63	COSTCO WHSL CORP NEW COM COST	COST	45,400	$24.4m0.42%	0.42%	Added +8.5k	+8,508 23.1%
64	AEROVIRONMENT INC COM AVAV	AVAV	235,667	$24.1m0.42%	0.42%	Reduced -8.8k	-8,762 -3.6%
65	FEDEX CORP COM FDX	FDX	97,001	$24.0m0.42%	0.42%	Added +22.5k	+22,451 30.1%
66	CHEVRON CORP NEW COM CVX	CVX	147,590	$23.2m0.40%	0.40%	Added +30.6k	+30,552 26.1%
67	HONEYWELL INTL INC COM COM		111,431	$23.1m0.40%	0.40%	Added +3.2k	+3,222 3.0%
68	EXXON MOBIL CORP COM XOM	XOM	214,099	$23.0m0.40%	0.40%	Added +38.2k	+38,228 21.7%
69	ITRON INC COM ITRI	ITRI	317,921	$22.9m0.40%	0.40%	Added +17.4k	+17,395 5.8%
70	IMMUNOGEN INC COM IMGN	IMGN	1,209,923	$22.8m0.40%	0.40%	Reduced -116.6k	-116,556 -8.8%
71	STARBUCKS CORP COM SBUX	SBUX	230,204	$22.8m0.40%	0.40%	Reduced -17.8k	-17,768 -7.2%
72	MARKEL GROUP INC COM MKL	MKL	16,439	$22.7m0.39%	0.39%	Added +5.2k	+5,221 46.5%
73	ADOBE INC COM ADBE	ADBE	46,258	$22.6m0.39%	0.39%	Added +5.5k	+5,522 13.6%
74	NLIGHT INC COM LASR	LASR	1,439,593	$22.2m0.39%	0.39%	Reduced -46.1k	-46,136 -3.1%
75	WERNER ENTERPRISES INC COM WERN	WERN	489,104	$21.6m0.37%	0.37%	Reduced -18.5k	-18,507 -3.6%
76	BANK AMERICA CORP COM BAC	BAC	753,017	$21.6m0.37%	0.37%	Added +89.1k	+89,094 13.4%
77	LAS VEGAS SANDS CORP COM LVS	LVS	362,551	$21.0m0.36%	0.36%	Reduced -11.8k	-11,811 -3.1%
78	ADVANCED ENERGY INDS COM AEIS	AEIS	185,875	$20.7m0.36%	0.36%	Reduced -7.4k	-7,354 -3.8%
79	MANCHESTER UTD PLC NEW ORD CL A MANU	MANU	840,339	$20.5m0.36%	0.36%	Reduced -7.1k	-7,070 -0.8%
80	CAE INC COM CAE	CAE	897,833	$20.1m0.35%	0.35%	Reduced -25.7k	-25,697 -2.8%
81	CATERPILLAR INC COM CAT	CAT	80,324	$19.8m0.34%	0.34%	Added +13.6k	+13,633 20.4%
82	UNITEDHEALTH GROUP INC COM UNH	UNH	40,991	$19.7m0.34%	0.34%	Added +2.7k	+2,731 7.1%
83	IONIS PHARMACEUTICALS INC COM IONS	IONS	478,204	$19.6m0.34%	0.34%	Reduced -12.5k	-12,451 -2.5%
84	WALMART INC COM WMT	WMT	123,875	$19.5m0.34%	0.34%	Reduced -209	-209 -0.2%
85	ARRAY TECHNOLOGIES INC COM SHS ARRY	ARRY	858,133	$19.4m0.34%	0.34%	Reduced -24.6k	-24,554 -2.8%
86	UNITED PARCEL SERVICE INC CL B UPS	UPS	105,720	$19.0m0.33%	0.33%	Added +16.6k	+16,595 18.6%
87	COMMVAULT SYS INC COM CVLT	CVLT	253,276	$18.4m0.32%	0.32%	Reduced -8.5k	-8,498 -3.2%
88	VERIZON COMMUNICATIONS INC COM VZ	VZ	489,442	$18.2m0.32%	0.32%	Reduced -27.7k	-27,674 -5.3%
89	HEXCEL CORP NEW COM HXL	HXL	237,391	$18.0m0.31%	0.31%	Reduced -8.7k	-8,653 -3.5%
90	DISNEY WALT CO COM DIS	DIS	201,151	$18.0m0.31%	0.31%	Reduced -4.2k	-4,249 -2.1%
91	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	34,409	$18.0m0.31%	0.31%	Added +8.1k	+8,145 31.0%
92	BLACKSTONE INC COM BX	BX	189,613	$17.6m0.31%	0.31%	Added +24.3k	+24,278 14.7%
93	APPLIED MATLS INC COM AMAT	AMAT	121,767	$17.6m0.31%	0.31%	Reduced -1.7k	-1,731 -1.4%
94	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	375,957	$17.4m0.30%	0.30%	Reduced -4.6k	-4,580 -1.2%
95	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	128,637	$17.2m0.30%	0.30%	Added +41.7k	+41,694 48.0%
96	TESLA INC COM TSLA	TSLA	65,015	$17.0m0.30%	0.30%	Added +5.1k	+5,100 8.5%
97	CAMECO CORP COM CCJ	CCJ	541,317	$17.0m0.29%	0.29%	Reduced -19.2k	-19,185 -3.4%
98	ISHARES TR CORE S&P MCP ETF IJH	IJH	64,652	$16.9m0.29%	0.29%	Added +6.5k	+6,463 11.1%
99	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	112,474	$16.8m0.29%	0.29%	Added +18.2k	+18,155 19.2%
100	GOLDMAN SACHS GROUP INC COM GS	GS	52,159	$16.8m0.29%	0.29%	Reduced -326	-326 -0.6%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
EVOQUA WATER TECHNOLOGIES CO AQUA	AQUA	1,041,994	$51.8m1.0m shares
CANADIAN PAC RY LTD		361,798	$27.8m361.8k shares
SINCLAIR BROADCAST GROUP INC SBGI	SBGI	737,671	$12.7m737.7k shares
LIBERTY MEDIA CORP DEL BATRA	BATRA	44,956	$1.6m45.0k shares
ABB LTD ABBNY	ABBNY	43,914	$1.5m43.9k shares
ADVANCE AUTO PARTS INC AAP	AAP	9,775	$1.2m9.8k shares
NEWELL BRANDS INC NWL	NWL	38,391	$477.6k38.4k shares
TEVA PHARMACEUTICAL INDS LTD		53,775	$475.9k53.8k shares
CROCS INC CROX	CROX	3,137	$396.6k3.1k shares
VANGUARD CHARLOTTE FDS BNDX	BNDX	6,005	$293.8k6.0k shares
CROWN CASTLE INC CCI	CCI	2,106	$281.9k2.1k shares
SPDR INDEX SHS FDS DWX	DWX	8,185	$280.6k8.2k shares
ALEXANDRIA REAL ESTATE EQ IN ARE	ARE	2,204	$276.8k2.2k shares
HARTFORD INSURANCE GROUP INC HIG	HIG	3,852	$268.4k3.9k shares
WILLIAMS SONOMA INC WSM	WSM	2,083	$253.4k2.1k shares
WHEATON PRECIOUS METALS CORP WPM	WPM	5,100	$245.6k5.1k shares
SPDR SER TR SPSB	SPSB	7,760	$229.9k7.8k shares
SEMPRA SRE	SRE	1,512	$228.6k1.5k shares
SJW GROUP HTO	HTO	3,000	$228.4k3.0k shares
EBAY INC. EBAY	EBAY	5,092	$225.9k5.1k shares
PERRIGO CO PLC PRGO	PRGO	6,230	$223.5k6.2k shares
HUNTINGTON INGALLS INDS INC HII	HII	1,077	$223.0k1.1k shares
FIRSTENERGY CORP FE	FE	5,564	$222.9k5.6k shares
ILLUMINA INC ILMN	ILMN	948	$220.5k948 shares
XCEL ENERGY INC XEL	XEL	3,222	$217.3k3.2k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
UNIFI INC UFI · 13G · filed 2025-05-21	UFI	5.5%≈ $4.8m	new	13G	2025-05-21