PINNACLE ASSOCIATES LTD

NEW YORK, NY · CIK 743127 · 13F filing filed 2025-08-04

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)

$6.9bn reported value +1.2% vs Q1 2025

845positions

24.1%in top 10

43 new 271 added 468 reduced 21 sold out vs Q1 2025

Holdings, Q2 2025

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	JOHNSON & JOHNSON COM JNJ	JNJ	2,005,126	$306.3m4.43%	4.43%	Reduced -2.2m	-2,182,271 -52.1%
2	APPLE INC COM AAPL	AAPL	1,288,720	$264.4m3.83%	3.83%	Reduced -57.8k	-57,772 -4.3%
3	MICROSOFT CORP COM MSFT	MSFT	439,635	$218.7m3.17%	3.17%	Reduced -8.2k	-8,218 -1.8%
4	NVIDIA CORPORATION COM NVDA	NVDA	975,116	$154.1m2.23%	2.23%	Added +64.4k	+64,431 7.1%
5	BROADCOM INC COM AVGO	AVGO	476,640	$131.4m1.90%	1.90%	Reduced -26.3k	-26,298 -5.2%
6	JPMORGAN CHASE & CO COM JPM	JPM	437,680	$126.9m1.84%	1.84%	Reduced -5.3k	-5,344 -1.2%
7	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	199,425	$123.2m1.78%	1.78%	Reduced -4.1k	-4,065 -2.0%
8	AMAZON COM INC COM AMZN	AMZN	529,713	$116.2m1.68%	1.68%	Reduced -3.0k	-2,953 -0.6%
9	META PLATFORMS INC CL A META	META	157,289	$116.1m1.68%	1.68%	Added +1.1k	+1,075 0.7%
10	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	357,860	$108.8m1.57%	1.57%	Added +123.1k	+123,140 52.5%
11	VANGUARD INDEX FDS SMALL CP ETF VB	VB	441,387	$104.6m1.51%	1.51%	Reduced -7.2k	-7,168 -1.6%
12	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	189,035	$104.3m1.51%	1.51%	Added +556	+556 0.3%
13	ISHARES TR CORE S&P500 ETF IVV	IVV	137,423	$85.3m1.24%	1.24%	Added +2.9k	+2,868 2.1%
14	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	425,220	$77.7m1.13%	1.13%	Added +5.7k	+5,677 1.4%
15	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	528,524	$70.5m1.02%	1.02%	Added +9.9k	+9,891 1.9%
16	VISA INC COM CL A V	V	183,241	$65.1m0.94%	0.94%	Reduced -571	-571 -0.3%
17	MORGAN STANLEY COM NEW MS	MS	453,078	$63.8m0.92%	0.92%	Reduced -7.7k	-7,652 -1.7%
18	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	949,121	$63.8m0.92%	0.92%	Added +48.5k	+48,470 5.4%
19	ALPHABET INC CAP STK CL A GOOGL	GOOGL	357,907	$63.1m0.91%	0.91%	Reduced -29.2k	-29,153 -7.5%
20	ALPHABET INC CAP STK CL C GOOG	GOOG	354,478	$62.9m0.91%	0.91%	Reduced -40.4k	-40,436 -10.2%
21	ROYAL CARIBBEAN GROUP COM RCL	RCL	183,275	$57.4m0.83%	0.83%	Reduced -50.7k	-50,693 -21.7%
22	HOME DEPOT INC COM HD	HD	156,212	$57.3m0.83%	0.83%	Added +676	+676 0.4%
23	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	109,604	$53.2m0.77%	0.77%	Reduced -1.3k	-1,294 -1.2%
24	AMERICAN EXPRESS CO COM AXP	AXP	165,149	$52.7m0.76%	0.76%	Reduced -2.7k	-2,748 -1.6%
25	ORACLE CORP COM ORCL	ORCL	237,079	$51.8m0.75%	0.75%	Reduced -41	-41 -0.0%
26	CISCO SYS INC COM CSCO	CSCO	718,110	$49.8m0.72%	0.72%	Reduced -8.2k	-8,194 -1.1%
27	WALMART INC COM WMT	WMT	490,939	$48.0m0.70%	0.70%	Added +128.1k	+128,121 35.3%
28	MICRON TECHNOLOGY INC COM MU	MU	385,505	$47.5m0.69%	0.69%	Added +3.0k	+2,993 0.8%
29	LAM RESEARCH CORP COM NEW LRCX	LRCX	476,943	$46.4m0.67%	0.67%	Reduced -117.8k	-117,775 -19.8%
30	GOLAR LNG LTD SHS GLNG	GLNG	1,073,966	$44.2m0.64%	0.64%	Reduced -304.8k	-304,819 -22.1%
31	CATERPILLAR INC COM CAT	CAT	112,662	$43.7m0.63%	0.63%	Added +414	+414 0.4%
32	BANK AMERICA CORP COM BAC	BAC	921,816	$43.6m0.63%	0.63%	Reduced -18.2k	-18,248 -1.9%
33	BLACKROCK INC COM BLK	BLK	41,143	$43.2m0.63%	0.63%	Reduced -648	-648 -1.6%
34	ELI LILLY & CO COM LLY	LLY	54,182	$42.2m0.61%	0.61%	Added +797	+797 1.5%
35	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	140,538	$41.4m0.60%	0.60%	Reduced -13.6k	-13,590 -8.8%
36	XYLEM INC COM XYL	XYL	314,381	$40.7m0.59%	0.59%	Reduced -68.2k	-68,185 -17.8%
37	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	1,527,743	$40.5m0.59%	0.59%	Reduced -40.6k	-40,631 -2.6%
38	EATON CORP PLC SHS ETN	ETN	112,179	$40.0m0.58%	0.58%	Reduced -3.4k	-3,445 -3.0%
39	VANGUARD WORLD FD INF TECH ETF VGT	VGT	60,200	$39.9m0.58%	0.58%	Reduced -3.4k	-3,417 -5.4%
40	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	683,775	$38.9m0.56%	0.56%	Added +5.2k	+5,209 0.8%
41	MARKEL GROUP INC COM MKL	MKL	18,702	$37.4m0.54%	0.54%	Reduced -195	-195 -1.0%
42	COHERENT CORP COM COHR	COHR	413,075	$36.9m0.53%	0.53%	Reduced -96.4k	-96,426 -18.9%
43	COSTCO WHSL CORP NEW COM COST	COST	36,826	$36.5m0.53%	0.53%	Reduced -409	-409 -1.1%
44	REGENERON PHARMACEUTICALS COM REGN	REGN	68,926	$36.2m0.52%	0.52%	Reduced -12.1k	-12,087 -14.9%
45	PROCTER AND GAMBLE CO COM PG	PG	224,072	$35.7m0.52%	0.52%	Reduced -4.1k	-4,131 -1.8%
46	MERCK & CO INC COM MRK	MRK	442,824	$35.1m0.51%	0.51%	Reduced -549	-549 -0.1%
47	RTX CORPORATION COM RTX	RTX	234,550	$34.2m0.50%	0.50%	Reduced -3.2k	-3,164 -1.3%
48	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	59,147	$33.5m0.49%	0.49%	Reduced -3.6k	-3,604 -5.7%
49	ITRON INC COM ITRI	ITRI	244,177	$32.1m0.47%	0.47%	Reduced -63.9k	-63,915 -20.8%
50	ABBVIE INC COM ABBV	ABBV	168,560	$31.3m0.45%	0.45%	Added +37.3k	+37,288 28.4%
51	BLACKSTONE INC COM BX	BX	207,442	$31.0m0.45%	0.45%	Added +7.4k	+7,398 3.7%
52	CITIGROUP INC COM NEW C	C	340,145	$29.0m0.42%	0.42%	Reduced -5.0k	-5,025 -1.5%
53	ISHARES TR CORE S&P SCP ETF IJR	IJR	263,641	$28.8m0.42%	0.42%	Added +1.1k	+1,083 0.4%
54	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	158,120	$28.7m0.42%	0.42%	Added +831	+831 0.5%
55	AEROVIRONMENT INC COM AVAV	AVAV	100,728	$28.7m0.42%	0.42%	Reduced -55.1k	-55,123 -35.4%
56	GMO ETF TRUST GMO US QUALITY E QLTY	QLTY	828,557	$28.4m0.41%	0.41%	Added +300	+300 0.0%
57	CHEVRON CORP NEW COM CVX	CVX	198,129	$28.4m0.41%	0.41%	Reduced -2.2k	-2,249 -1.1%
58	HONEYWELL INTL INC COM COM		120,952	$28.2m0.41%	0.41%	Reduced -4.8k	-4,800 -3.8%
59	BOYD GAMING CORP COM BYD	BYD	358,046	$28.0m0.41%	0.41%	Reduced -109.3k	-109,287 -23.4%
60	CAMECO CORP COM CCJ	CCJ	371,447	$27.6m0.40%	0.40%	Reduced -48.3k	-48,336 -11.5%
61	GOLDMAN SACHS GROUP INC COM GS	GS	38,046	$26.9m0.39%	0.39%	Reduced -565	-565 -1.5%
62	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	471,516	$26.9m0.39%	0.39%	Added +26.4k	+26,377 5.9%
63	EXXON MOBIL CORP COM XOM	XOM	245,799	$26.5m0.38%	0.38%	Reduced -5.9k	-5,861 -2.3%
64	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	1,275,015	$26.0m0.38%	0.38%	Reduced -338.6k	-338,573 -21.0%
65	AMBARELLA INC SHS AMBA	AMBA	388,437	$25.7m0.37%	0.37%	Reduced -107.7k	-107,657 -21.7%
66	QORVO INC COM QRVO	QRVO	301,571	$25.6m0.37%	0.37%	Reduced -79.4k	-79,355 -20.8%
67	UNITED PARKS & RESORTS INC COM PRKS	PRKS	537,898	$25.4m0.37%	0.37%	Reduced -127.8k	-127,792 -19.2%
68	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	323,248	$23.8m0.34%	0.34%	Added +19.3k	+19,349 6.4%
69	LUMENTUM HLDGS INC COM LITE	LITE	249,271	$23.7m0.34%	0.34%	Reduced -90.4k	-90,418 -26.6%
70	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	53,245	$23.5m0.34%	0.34%	Reduced -2.9k	-2,862 -5.1%
71	FIRST TR EXCHANGE TRADED FD NASDAQ CYB ETF CIBR	CIBR	309,681	$23.4m0.34%	0.34%	Added +13.9k	+13,946 4.7%
72	TRIMBLE INC COM TRMB	TRMB	304,888	$23.2m0.34%	0.34%	Reduced -97.8k	-97,758 -24.3%
73	MASTERCARD INCORPORATED CL A MA	MA	40,857	$23.0m0.33%	0.33%	Reduced -496	-496 -1.2%
74	NLIGHT INC COM LASR	LASR	1,153,546	$22.7m0.33%	0.33%	Reduced -532.9k	-532,886 -31.6%
75	COMMVAULT SYS INC COM CVLT	CVLT	126,019	$22.0m0.32%	0.32%	Reduced -38.6k	-38,569 -23.4%
76	ISHARES TR CORE S&P MCP ETF IJH	IJH	352,929	$21.9m0.32%	0.32%	Added +17.4k	+17,355 5.2%
77	WISDOMTREE TR US QTLY DIV GRT DGRW	DGRW	257,358	$21.6m0.31%	0.31%	Added +27.7k	+27,669 12.1%
78	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	72,719	$20.7m0.30%	0.30%	Added +213	+213 0.3%
79	RAYMOND JAMES FINL INC COM RJF	RJF	133,786	$20.5m0.30%	0.30%	Reduced -45.7k	-45,706 -25.5%
80	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	97,420	$20.4m0.29%	0.29%	Reduced -19.4k	-19,422 -16.6%
81	CANADIAN PACIFIC KANSAS CITY COM CP	CP	253,783	$20.1m0.29%	0.29%	Reduced -49.3k	-49,297 -16.3%
82	PEPSICO INC COM PEP	PEP	152,193	$20.1m0.29%	0.29%	Added +13.5k	+13,517 9.8%
83	SSGA ACTIVE ETF TR SPDR TR TACTIC TOTL	TOTL	493,006	$19.8m0.29%	0.29%	Added +38.8k	+38,798 8.5%
84	IONIS PHARMACEUTICALS INC COM IONS	IONS	494,539	$19.5m0.28%	0.28%	Reduced -114.0k	-113,978 -18.7%
85	DIGITAL RLTY TR INC COM DLR	DLR	110,842	$19.3m0.28%	0.28%	Reduced -35.1k	-35,055 -24.0%
86	FIRST TR EXCHANGE-TRADED FD FT VEST RIS RDVI	RDVI	772,479	$19.1m0.28%	0.28%	Added +40.8k	+40,772 5.6%
87	MANCHESTER UTD PLC NEW ORD CL A MANU	MANU	1,060,735	$18.9m0.27%	0.27%	Reduced -159.5k	-159,504 -13.1%
88	FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX FDN	FDN	70,098	$18.9m0.27%	0.27%	Added +5.1k	+5,132 7.9%
89	COMCAST CORP NEW CL A CMCSA	CMCSA	528,067	$18.8m0.27%	0.27%	Reduced -7.6k	-7,592 -1.4%
90	NEXTERA ENERGY INC COM NEE	NEE	270,195	$18.8m0.27%	0.27%	Reduced -3.7k	-3,701 -1.4%
91	FEDEX CORP COM FDX	FDX	81,974	$18.6m0.27%	0.27%	Added +148	+148 0.2%
92	APPLIED MATLS INC COM AMAT	AMAT	99,713	$18.3m0.26%	0.26%	Added +2.5k	+2,455 2.5%
93	TESLA INC COM TSLA	TSLA	55,717	$17.7m0.26%	0.26%	Added +4.7k	+4,739 9.3%
94	IRIDIUM COMMUNICATIONS INC COM IRDM	IRDM	582,863	$17.6m0.25%	0.25%	Reduced -181.2k	-181,202 -23.7%
95	AMGEN INC COM AMGN	AMGN	60,127	$16.8m0.24%	0.24%	Added +1.6k	+1,608 2.8%
96	WASTE MGMT INC DEL COM WM	WM	72,914	$16.7m0.24%	0.24%	Reduced -307	-307 -0.4%
97	DISNEY WALT CO COM DIS	DIS	131,751	$16.3m0.24%	0.24%	Reduced -7.2k	-7,158 -5.2%
98	MP MATERIALS CORP COM CL A MP	MP	485,760	$16.2m0.23%	0.23%	Reduced -168.1k	-168,085 -25.7%
99	CORNING INC COM GLW	GLW	303,804	$16.0m0.23%	0.23%	Reduced -906	-906 -0.3%
100	ISHARES TR RUSSELL 2000 ETF IWM	IWM	73,314	$15.8m0.23%	0.23%	Reduced -472	-472 -0.6%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
INTRA-CELLULAR THERAPIES INC ITCI	ITCI	135,344	$17.9m135.3k shares
DISCOVER FINL SVCS DFS	DFS	29,898	$5.1m29.9k shares
LANTHEUS HLDGS INC LNTH	LNTH	6,218	$606.9k6.2k shares
BARRICK GOLD CORP		22,703	$441.3k22.7k shares
GLOBAL PMTS INC GPN	GPN	4,342	$425.2k4.3k shares
ING GROEP N.V. ING	ING	18,983	$371.9k19.0k shares
NATIONAL FUEL GAS CO NFG	NFG	4,140	$327.8k4.1k shares
VANGUARD INTL EQUITY INDEX F VT	VT	2,458	$285.0k2.5k shares
BLOCK H & R INC HRB	HRB	4,861	$266.9k4.9k shares
BARCLAYS BANK PLC VXX	VXX	5,175	$266.4k5.2k shares
CENTENE CORP DEL CNC	CNC	4,258	$258.5k4.3k shares
RPM INTL INC RPM	RPM	2,013	$232.9k2.0k shares
SANDY SPRING BANCORP INC SASR	SASR	8,263	$231.0k8.3k shares
SL GREEN RLTY CORP SLG	SLG	3,988	$230.1k4.0k shares
WISDOMTREE TR IHDG	IHDG	5,000	$217.0k5.0k shares
ATOUR LIFESTYLE HLDGS LTD ATAT	ATAT	7,500	$212.6k7.5k shares
ISHARES TR EEM	EEM	4,825	$210.8k4.8k shares
FIDELITY NATIONAL FINANCIAL FNF	FNF	3,227	$210.0k3.2k shares
FIRSTENERGY CORP FE	FE	5,155	$208.4k5.2k shares
QUANTUMSCAPE CORP QS	QS	33,100	$137.7k33.1k shares
BATTALION OIL CORP BATL	BATL	10,000	$13.0k10.0k 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