Pinnacle Wealth Management Advisory Group, LLC

CIK 0001631864 · Q1 2026

13F Equity AUM

$1.5B

+0.7% QoQ

Positions

543

+22 QoQ

AUM Rank

#2,198

Top 18%

Skill Alpha (FF)

-1.6%/yr

Underperformer

Rank #4,585 · Top 56%

vs S&P -6.1%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 17.5%Top 10: 29.5%Top 20: 44.5%

VTI4.0%

AAPL3.8%

QUAL3.7%

VYM3.1%

VB2.9%

VEU2.7%

NDQ2.6%

IVV2.4%

SPY2.2%

NVDA2.1%

Others (533)70.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services61.8%

Technology13.6%

Healthcare4.5%

Industrials4.3%

Communication Services3.9%

Consumer Cyclical3.6%

Consumer Defensive3.3%

Other5.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 543Median: 0.03%Avg: 0.18%

0–0.5%

499(36.7%)

0.5–1%

18(12.0%)

1–3%

22(36.7%)

3–5%

4(14.6%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 514Unique: 29vs 20 funds

7%Low

543

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

9.6%

BANK OF AMERICA CORP /DE/

10.6%

10.1%

15.8%

11.1%

10.7%

VANGUARD CAPITAL MANAGEMENT LLC

10.3%

GEODE CAPITAL MANAGEMENT, LLC

10%

VANGUARD PORTFOLIO MANAGEMENT LLC

11.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New111Increased200Decreased198Exited89

New Positions

CIBR0.6%

+131K

COPY0.5%

+566K

MA0.5%

+16K

RDVY0.5%

+109K

TSLA0.4%

+16K

WELL0.3%

+26K

FDN0.3%

+18K

LITE0.2%

+4K

IXUS0.2%

+36K

SPDW0.1%

+48K

Increased

CCLFX0.4%

+217K(+73%)

CELFX0.2%

+171K(+118%)

JPMorgan Hedged Equi…0.8%

+96K(+106%)

WisdomTree Bloomberg…0.3%

+40K(+106%)

VEU2.7%

+31K(+6%)

JEPI1.6%

+30K(+8%)

TOTL0.9%

+26K(+8%)

AMG Pantheon Fund Cl…0.3%

+19K(+11%)

MRK0.6%

+18K(+32%)

SDVY0.5%

+18K(+10%)

Decreased

VEA1.7%

-50,790(-12%)

PLUN0.0%

-42,315(-78%)

DFAI0.9%

-34,956(-9%)

DFAE0.4%

-28,780(-13%)

IJR1.3%

-24,259(-14%)

PFE0.1%

-18,211(-30%)

AAPL3.8%

-11,880(-5%)

ADT0.0%

-10,071(-37%)

DFSV0.8%

-9,900(-3%)

RITM0.0%

-8,548(-46%)

Exited

First Trust DJ Inter…

-37,093

-16,936

First Trust NASDAQ C…

-124,777

First Trust NASDAQ R…

-105,233

TSLA

-13,098

WELL

-26,380

iShares Core MSCI To…

-35,189

Market Vectors Semic…

-3,400

LIN

-2,517

Vanguard Intermediat…

-10,867

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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