Pinnacle 13FHR Quarterly holdings report by institutional manager | SEC 11 Aug 23

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Aerojet Rocketdyne Holdings	COM	007800105	43,896	800	SH		SOLE	0	800	0	0
Algoma Steel	COM	015658107	12,894	1,816	SH		SOLE	0	1,816	0	0
Alpha Metallurgical Resources	COM	020764106	1,321,306	8,039	SH		SOLE	0	8,039	0	0
American Express Company	COM	025816109	2,037,966	11,699	SH		SOLE	0	11,699	0	0
Amgen	COM	031162100	3,606,937	16,246	SH		SOLE	0	11,106	0	0
Apple	COM	037833100	3,756,605	19,367	SH		SOLE	0	19,367	0	0
Astrazeneca	COM	046353108	64,413	900	SH		SOLE	0	900	0	0
Bank of America	COM	060505104	1,119,484	39,020	SH		SOLE	0	39,020	0	0
Bank of America	CONV PREF	060505682	1,461,260	1,247	SH		SOLE	0	1,247	0	0
Berkshire Hills Bancorp	COM	084680107	43,056	2,077	SH		SOLE	0	2,077	0	0
The Boeing Company	COM	097023105	2,570,873	12,175	SH		SOLE	0	12,175	0	0
CVB Financial	COM	126600105	101,924	7,675	SH		SOLE	0	7,675	0	0
Caterpillar	COM	149123101	2,830,559	11,504	SH		SOLE	0	11,504	0	0
Central Valley Community Bancorp	COM	155685100	342,310	22,156	SH		SOLE	0	22,156	0	0
Chevron Corporation	COM	166764100	2,416,581	15,358	SH		SOLE	0	15,358	0	0
Citigroup	COM	172967424	1,347,545	29,269	SH		SOLE	0	29,269	0	0
Citizens Financial Group	COM	174610105	313,612	12,025	SH		SOLE	0	12,025	0	0
Citizens Community Bancorp	COM	174903104	903,719	102,114	SH		SOLE	0	102,114	0	0
Civista Bancshares	COM	178867107	1,035,909	59,535	SH		SOLE	0	59,535	0	0
Cleveland-Cliffs	COM	185899101	1,765,850	105,361	SH		SOLE	0	105,361	0	0
The Coca-Cola Company	COM	191216100	741,128	12,307	SH		SOLE	0	12,307	0	0
Codorus Bancorp	COM	192025104	710,848	36,249	SH		SOLE	0	36,249	0	0
McDermott International Ltd	COM	220014096	69,842	388,010	SH		SOLE	0	199,566	0	0
Crestwood Equity Partners	COM	226344109	684,296	25,842	SH		SOLE	0	25,842	0	0
Walt Disney Co	COM	254687106	1,014,444	11,363	SH		SOLE	0	11,363	0	0
Dow Inc	COM	260557103	692,916	13,010	SH		SOLE	0	13,010	0	0
Encore Wire Corp	COM	292562105	74,372	400	SH		SOLE	0	400	0	0
Enterprise Products Partners	COM	293792107	2,049,582	77,783	SH		SOLE	0	77,783	0	0
Equitrans Midstream Corporation	COM	294600101	1,426,111	149,175	SH		SOLE	0	149,175	0	0
EZCORP Inc	COM	302301106	8,380	1,000	SH		SOLE	0	1,000	0	0
F.N.B. Corporation	COM	302520101	107,776	9,421	SH		SOLE	0	9,421	0	0
Freddie Mac	COM	313400301	175,483	404,618	SH		SOLE	0	404,618	0	0
Freddie Mac	PREF STK	313400640	318,069	171,005	SH		SOLE	0	171,005	0	0
Federal National Mortgage Association	COM	313586109	51,915	117,988	SH		SOLE	0	117,988	0	0
Fannie Mae	PREF STK	313586752	14,100	6,000	SH		SOLE	0	6,000	0	0
Fifth Third Bancorp	COM	316773100	304,691	11,625	SH		SOLE	0	11,625	0	0
First Bancshares	COM	318916103	1,253,653	48,516	SH		SOLE	0	48,516	0	0
First Community Corp	COM	319835104	821,736	47,335	SH		SOLE	0	47,335	0	0
The First Financial Corp	COM	320218100	267,949	8,252	SH		SOLE	0	8,252	0	0
Ford Motor	COM	345370860	82,782	5,471	SH		SOLE	0	5,471	0	0
Genesis Energy	COM	371927104	1,526,061	159,797	SH		SOLE	0	159,797	0	0
Graftech International	COM	384313508	1,004,003	199,207	SH		SOLE	0	199,207	0	0
Hancock Whitney Corporation	COM	410120109	240,144	6,257	SH		SOLE	0	6,257	0	0
Hawaiian Holdings	COM	419879101	13,258	1,231	SH		SOLE	0	1,231	0	0
Hawthorn Bancshares	COM	420476103	848,874	47,291	SH		SOLE	0	47,291	0	0
Hess Midstream Partners	COM	428103105	2,525,884	82,330	SH		SOLE	0	82,330	0	0
The Home Depot	COM	437076102	3,745,697	12,058	SH		SOLE	0	12,058	0	0
Honeywell International	COM	438516106	2,406,793	11,599	SH		SOLE	0	11,599	0	0
Hugoton Royalty Trust	COM	444717102	250,503	278,337	SH		SOLE	0	278,337	0	0
Intel Corporation	COM	458140100	549,352	16,428	SH		SOLE	0	16,428	0	0
International Business Machines	COM	459200101	1,657,504	12,387	SH		SOLE	0	12,387	0	0
iShares Barclays TIPS Bond	COM	464287176	198,711	1,846	SH		SOLE	0	1,846	0	0
iShares MSCI Emerging Markets Index	COM	464287234	182,569	4,615	SH		SOLE	0	4,615	0	0
iShares DJ US Financial Sector	COM	464287788	182,944	2,452	SH		SOLE	0	2,452	0	0
Johnson & Johnson	COM	478160104	2,235,348	13,505	SH		SOLE	0	13,505	0	0
La-Z-Boy	COM	505336107	957,407	33,429	SH		SOLE	0	33,429	0	0
Lakeland Bancorp	COM	511637100	188,719	14,094	SH		SOLE	0	14,094	0	0
MDC Holdings	COM	552676108	1,480,645	31,658	SH		SOLE	0	31,658	0	0
Magellan Midstream Partners	COM	559080106	2,493,673	40,014	SH		SOLE	0	40,014	0	0
McDonald's	COM	580135101	3,654,926	12,248	SH		SOLE	0	12,248	0	0
Mesa Air Group	COM	590479135	717,975	281,559	SH		SOLE	0	281,559	0	0
Microsoft Corporation	COM	594918104	4,574,329	13,433	SH		SOLE	0	13,433	0	0
MidWest One Financial Group	COM	598511103	1,618,884	75,755	SH		SOLE	0	75,755	0	0
NMI Holdings	COM	629209305	1,814,655	70,281	SH		SOLE	0	70,281	0	0
New York Community Bancorp	COM	649445103	1,300,187	115,675	SH		SOLE	0	115,675	0	0
Nike	COM	654106103	1,215,505	11,013	SH		SOLE	0	11,013	0	0
OceanFirst Financial	COM	675234108	813,193	52,061	SH		SOLE	0	52,061	0	0
Old National Bancorp	COM	680033107	798,776	57,301	SH		SOLE	0	57,301	0	0
ONEOK	COM	682680103	3,627,902	58,780	SH		SOLE	0	58,780	0	0
PAM Transporation Services	COM	693149106	1,012,950	37,839	SH		SOLE	0	37,839	0	0
Pacwest Bancorp	COM	695263103	201,248	24,693	SH		SOLE	0	24,693	0	0
Pacwest Bancorp	PREF STK	695263202	626,531	41,084	SH		SOLE	0	41,084	0	0
Parke Bancorp	COM	700885106	857,146	50,450	SH		SOLE	0	50,450	0	0
Peoples Bancorp	COM	709789101	1,125,637	42,397	SH		SOLE	0	42,397	0	0
Peoples Bancorp	COM	710577107	633,933	34,889	SH		SOLE	0	34,889	0	0
Pfizer	COM	717081103	210,433	5,737	SH		SOLE	0	5,737	0	0
Plains All American Pipeline	COM	726503105	90,409	6,412	SH		SOLE	0	6,412	0	0
Procter & Gamble	COM	742718109	1,945,003	12,818	SH		SOLE	0	12,818	0	0
Southwestern Energy	COM	845467109	18,030	3,000	SH		SOLE	0	3,000	0	0
Superior Industries	COM	868168105	629,142	174,762	SH		SOLE	0	174,762	0	0
Taiwan Semiconductor Manufacturing	COM	874039100	50,460	500	SH		SOLE	0	500	0	0
Turtle Beach Corp	COM	900450206	777,300	66,721	SH		SOLE	0	66,721	0	0
Unisys Corp	COM	909214306	429,454	107,903	SH		SOLE	0	107,903	0	0
Unit Corp	WARRANT	909218125	151,637	39,132	SH		SOLE	0	39,132	0	0
Unit Corp	COM	909218406	4,435,220	92,632	SH		SOLE	0	92,632	0	0
United Bancshares	COM	909458101	745,969	39,785	SH		SOLE	0	39,785	0	0
United Parcel Service	COM	911312106	160,070	893	SH		SOLE	0	893	0	0
Wal-Mart Stores	COM	931142103	1,874,026	11,923	SH		SOLE	0	11,923	0	0
Walgreens Boots Alliance	COM	931427108	355,270	12,470	SH		SOLE	0	12,470	0	0
Wells Fargo & Company	COM	949746101	95,048	2,227	SH		SOLE	0	2,227	0	0
Westlake Chemical Partners	COM	960417103	764,746	35,258	SH		SOLE	0	35,258	0	0
Williams Companies	COM	969457100	3,675,857	112,653	SH		SOLE	0	112,653	0	0
Yelp	COM	985817105	1,225,306	33,653	SH		SOLE	0	33,653	0	0
Zions Bancorp	COM	989701107	361,777	13,469	SH		SOLE	0	13,469	0	0
Argan Inc	COM	04010e109	1,052,956	26,718	SH		SOLE	0	26,718	0	0
The Travelers Companies	COM	89417e109	1,966,005	11,321	SH		SOLE	0	11,321	0	0
AMG Capital	CONV PREF	00170F209	1,670,906	33,206	SH		SOLE	0	33,206	0	0
Academy Sports & Outdoors	COM	00402l107	1,653,822	30,598	SH		SOLE	0	30,598	0	0
Alliance Resource Partners	COM	01877r108	2,244,242	121,376	SH		SOLE	0	121,376	0	0
Ally Financial	COM	02005N100	80,085	2,965	SH		SOLE	0	2,965	0	0
Kinetik Holdings	COM	02215l209	3,582,839	101,959	SH		SOLE	0	101,959	0	0
American Airlines Group	COM	02376R102	296,835	16,546	SH		SOLE	0	16,546	0	0
American Airlines	CONV BOND	02376RAF9	64,077	50,000	PRN		SOLE	0	50,000	0	0
Antero Midstream	COM	03676b102	3,494,926	301,287	SH		SOLE	0	301,287	0	0
Arcbest Corp	COM	03937c105	1,369,467	13,861	SH		SOLE	0	13,861	0	0
Banco Macro SA	COM	05961W105	117,251	4,443	SH		SOLE	0	4,443	0	0
Banc of California	COM	05990k106	62,532	5,400	SH		SOLE	0	5,400	0	0
Bill.com Holdings	CONV BOND	090043AD2	410,000	500,000	PRN		SOLE	0	500,000	0	0
Blackline Corp	CONV BOND	09239BAD1	423,125	500,000	PRN		SOLE	0	500,000	0	0
Brighthouse Financial	COM	10922n103	2,056,268	43,427	SH		SOLE	0	43,427	0	0
CareDx Inc	COM	14167l103	10,982	1,292	SH		SOLE	0	1,292	0	0
The Cheesecake Factory	CONV BOND	163072AA9	1,632,094	1,925,000	PRN		SOLE	0	1,925,000	0	0
Cisco Systems	COM	17275r102	792,088	15,309	SH		SOLE	0	15,309	0	0
Cloudfare	CONV BOND	18915MAC1	424,250	500,000	PRN		SOLE	0	500,000	0	0
Contura Energy	WARRANT	21241b118	522,000	3,600	SH		SOLE	0	3,600	0	0
Coupa Software	CONV BOND	22266LAF3	499,750	500,000	PRN		SOLE	0	500,000	0	0
Customers Bancorp	COM	23204g100	535,753	17,705	SH		SOLE	0	17,705	0	0
Delek Logistics Partners	COM	24664t103	1,354,135	24,801	SH		SOLE	0	24,801	0	0
Devon Energy Corporation	COM	25179m103	166,016	3,434	SH		SOLE	0	3,434	0	0
EOG Resources Inc	COM	26875p101	22,888	200	SH		SOLE	0	200	0	0
Eagle Bancorp Montana	COM	26942g100	546,981	41,344	SH		SOLE	0	41,344	0	0
Earthstone Energy	COM	27032d304	1,266,751	88,646	SH		SOLE	0	88,646	0	0
Energy Transfer	COM	29273v100	1,563,436	123,105	SH		SOLE	0	123,105	0	0
EnLink Midstream	COM	29336t100	1,770,127	166,993	SH		SOLE	0	47,657	0	0
Essa Bancorp	COM	29667d104	896,865	59,991	SH		SOLE	0	59,991	0	0
EZCorp Inc	CONV BOND	302301AE6	1,351,755	1,481,000	PRN		SOLE	0	1,481,000	0	0
EZCorp Inc	CONV BOND	302301AF3	325,751	315,000	PRN		SOLE	0	315,000	0	0
Exxon Mobil Corporation	COM	30231g102	364,543	3,399	SH		SOLE	0	3,399	0	0
First United Corp	COM	33741h107	921,495	64,621	SH		SOLE	0	64,621	0	0
First US Bancshares	COM	33744v103	485,717	56,809	SH		SOLE	0	56,809	0	0
Five9	CONV BOND	338307AD3	482,000	500,000	PRN		SOLE	0	500,000	0	0
Forum Energy Technologies	CONV BOND	34984VAC4	2,708,422	2,732,000	PRN		SOLE	0	2,732,000	0	0
Global X Uranium	COM	37954Y871	48,413	2,231	SH		SOLE	0	2,231	0	0
The Goldman Sachs Group	COM	38141g104	3,668,893	11,375	SH		SOLE	0	11,375	0	0
Greenbriar Co	CONV BOND	393657AK7	1,811,894	1,835,000	PRN		SOLE	0	1,835,000	0	0
HMN Financial	COM	40424g108	828,308	44,200	SH		SOLE	0	44,200	0	0
Hertz Global Holdings Inc	COM	42806J700	13,793	750	SH		SOLE	0	750	0	0
Homestreet	COM	43785u102	1,298,434	219,330	SH		SOLE	0	219,330	0	0
Hope Bancorp	COM	43940t109	602,215	71,522	SH		SOLE	0	71,522	0	0
Iridium Communications	COM	46269c102	94,919	1,528	SH		SOLE	0	1,528	0	0
JPMorgan	COM	46625h100	2,047,359	14,077	SH		SOLE	0	14,077	0	0
JP Morgan Chase Alerian	COM	46625h365	18,763	819	SH		SOLE	0	819	0	0
Jackson Financial	COM	46817m107	610,210	19,935	SH		SOLE	0	19,935	0	0
Jackson Financial	PREF STK	46817m206	74,820	3,000	SH		SOLE	0	3,000	0	0
Jetblue Airways	CONV BOND	477143AP6	2,410,381	2,935,000	PRN		SOLE	0	2,935,000	0	0
Kimball Electronics	COM	49428j109	1,838,694	66,547	SH		SOLE	0	66,547	0	0
Kinder Morgan	COM	49456b101	1,039,399	60,360	SH		SOLE	0	60,360	0	0
LCI Industries	CONV BOND	501812AB7	1,386,631	1,440,000	PRN		SOLE	0	1,440,000	0	0
LGI Homes	COM	50187t106	1,048,905	7,776	SH		SOLE	0	7,776	0	0
MPLX	COM	55336v100	2,698,776	79,516	SH		SOLE	0	79,516	0	0
MamaMancini's Holdings	COM	56146T103	144,960	48,000	SH		SOLE	0	48,000	0	0
Mastercard	COM	57636q104	164,006	417	SH		SOLE	0	417	0	0
Merck	COM	58933y105	1,516,571	13,143	SH		SOLE	0	13,143	0	0
NETGEAR	COM	64111Q104	519,006	36,653	SH		SOLE	0	36,653	0	0
Rithm Capital Corp	COM	64828t201	76,679	8,201	SH		SOLE	0	1,206	0	0
New York Community Bancorp	CONV PREF	64944p307	1,601,820	39,600	SH		SOLE	0	39,600	0	0
Okta	CONV BOND	679295AF2	426,750	500,000	PRN		SOLE	0	500,000	0	0
Oracle Corporation	COM	68389x105	444,325	3,731	SH		SOLE	0	3,731	0	0
Palantir Technologies	COM	69608a109	24,528	1,600	SH		SOLE	0	1,600	0	0
Peoples Financial	COM	71103b102	829,076	68,803	SH		SOLE	0	68,803	0	0
Plains GP Holdings	COM	72651a207	72,178	4,867	SH		SOLE	0	4,867	0	0
Primis Financial	COM	74167b109	580,652	68,961	SH		SOLE	0	68,961	0	0
ProShares Ultra DJ AIG Crude Oil	COM	74347w502	40,465	1,711	SH		SOLE	0	1,711	0	0
ProShares S&P 500 Dividend Aristocrat	COM	74348a467	148,020	1,570	SH		SOLE	0	1,570	0	0
QCR Holdings	COM	74727a104	3,810,724	92,877	SH		SOLE	0	92,877	0	0
SB Financial Group	COM	78408d105	2,178,583	169,408	SH		SOLE	0	169,408	0	0
SPDR S&P 600 Small Cap Value	COM	78464a300	452,179	5,858	SH		SOLE	0	5,858	0	0
SPDR Dow Jones Industrial Average	COM	78467x109	11,497,944	33,439	SH		SOLE	0	33,439	0	0
salesforce.com	COM	79466l302	2,212,315	10,472	SH		SOLE	0	10,472	0	0
SandRidge Energy	COM	80007p869	120,231	7,884	SH		SOLE	0	7,884	0	0
Schneider Natl	COM	80689h102	88,630	3,086	SH		SOLE	0	3,086	0	0
Sea Ltd	COM	81141r100	22,868	394	SH		SOLE	0	394	0	0
Financial Sector SPDR	COM	81369y105	27,710	822	SH		SOLE	0	822	0	0
Shake Shack Inc	CONV BOND	819047AB7	1,598,705	1,979,000	PRN		SOLE	0	1,979,000	0	0
Sounds Financial Banc	COM	83607a100	289,325	8,150	SH		SOLE	0	8,150	0	0
Sprouts Farmers Market	COM	85208M102	1,509,126	41,087	SH		SOLE	0	41,087	0	0
Sterling Bancorp	COM	85917w102	422,361	77,214	SH		SOLE	0	77,214	0	0
Summit Financial Group	COM	86606g101	1,993,495	96,491	SH		SOLE	0	96,491	0	0
Talos Energy	COM	87484t108	1,674,733	120,745	SH		SOLE	0	120,745	0	0
Targa Resources Corp	COM	87612g101	3,459,429	45,459	SH		SOLE	0	42,074	0	0
3M Co	COM	88579y101	1,127,314	11,263	SH		SOLE	0	11,263	0	0
Truist Financial	COM	89832q109	269,113	8,867	SH		SOLE	0	8,867	0	0
UnitedHealth Group	COM	91324p102	5,491,793	11,426	SH		SOLE	0	11,426	0	0
Uniti Group	COM	91325v108	38,138	8,255	SH		SOLE	0	8,255	0	0
Vaalco Energy	COM	91851c201	772,507	205,454	SH		SOLE	0	205,454	0	0
Verizon	COM	92343v104	556,139	14,954	SH		SOLE	0	14,954	0	0
Visa	COM	92826c839	2,666,663	11,229	SH		SOLE	0	11,229	0	0
Vishay Intertechnology	CONV BOND	928298AP3	2,288,383	2,090,000	PRN		SOLE	0	2,090,000	0	0
Western Midstream Partners	COM	95825r103	1,738,174	65,542	SH		SOLE	0	65,542	0	0
WisdomTree Investments	CONV BOND	97717PAD6	1,847,566	1,910,000	PRN		SOLE	0	1,910,000	0	0
Zillow Group	CONV BOND	98954MAH4	1,997,261	1,900,000	PRN		SOLE	0	1,900,000	0	0
Deutsche Bank	COM	d18190898	262,197	24,900	SH		SOLE	0	24,900	0	0
Bunge Ltd	COM	g16962105	132,548	1,405	SH		SOLE	0	1,405	0	0
McDermott	WARRANT	G5924V114	652	65,197	SH		SOLE	0	65,197	0	0
McDermott	WARRANT	G5924V122	724	72,441	SH		SOLE	0	72,441	0	0
Expro Group Holdings	COM	n3144w105	1,153,265	65,083	SH		SOLE	0	65,083	0	0
Genco Shipping & Trading	COM	y2685t131	42,090	3,000	SH		SOLE	0	3,000	0	0
Navios Maritime Holdings	COM	y62196103	30,078	18,340	SH		SOLE	0	18,340	0	0
Navios Maritime Partners	COM	y62267102	1,513,295	69,258	SH		SOLE	0	69,258	0	0
Teekay Inc	COM	y8564w103	59,826	9,905	SH		SOLE	0	9,905	0	0
Teekay Tankers	COM	y8565n102	9,978	261	SH		SOLE	0	261	0	0
Pangaea Logistics Solutions	COM	G6891l105	94,164	13,909	SH		SOLE	0	13,909	0	0

Pinnacle 13F-HRQuarterly holdings report by institutional manager