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

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Pinnacle Holdings, LLC
Address:
233 SOUTH DETROIT AVENUE
SUITE 100
TULSA, OK 74120
Form 13F File Number:
028-12706

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
David M. Poarch
Title:
Managing Partner
Phone:
9185826864


Signature, Place, and Date of Signing:

David M Poarch.
                         [Signature]
Tulsa, OKLAHOMA
                 [City, State]
02-13-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
216
Form 13F Information table Value Total:
223628
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Algoma SteelCOM01565810737,9135,980SHSOLE05,980 0 0
Alpha Metallurgical ResourcesCOM0207641061,979,77813,524SHSOLE013,524 0 0
American Express CompanyCOM0258161091,643,86711,126SHSOLE011,126 0 0
Amgen COM0311621004,291,53816,340SHSOLE016,340 0 0
AppleCOM0378331002,600,02320,011SHSOLE020,011 0 0
Astrazeneca COM04635310861,020900SHSOLE0900 0 0
Atlas Air Worldwide HoldingsCOM0491642051,274,01112,639SHSOLE012,639 0 0
Bank of AmericaCOM0605051041,183,97435,748SHSOLE035,748 0 0
Bank of America CONV PREF06050568233,64029SHSOLE029 0 0
Barrick Gold CorpCOM06790110821,2861,239SHSOLE01,239 0 0
Berkshire Hathaway COM084670702598,9571,939SHSOLE01,939 0 0
Berkshire Hills Bancorp COM08468010762,1022,077SHSOLE02,077 0 0
The Boeing CompanyCOM0970231052,342,07512,295SHSOLE012,295 0 0
CaterpillarCOM1491231012,775,30311,585SHSOLE011,585 0 0
Central Valley Community BancorpCOM155685100416,63219,671SHSOLE019,671 0 0
Chevron CorporationCOM1667641002,790,53115,547SHSOLE015,547 0 0
CitigroupCOM1729674241,167,56725,814SHSOLE025,814 0 0
Citizens Financial Group COM174610105399,99910,160SHSOLE010,160 0 0
Citizens Community Bancorp COM1749031041,183,49998,379SHSOLE098,379 0 0
Civista BancsharesCOM1788671071,216,16355,255SHSOLE055,255 0 0
Cleveland-CliffsCOM1858991011,701,973105,647SHSOLE0105,647 0 0
The Coca-Cola CompanyCOM191216100778,96812,246SHSOLE012,246 0 0
Codorus Bancorp COM192025104862,73236,249SHSOLE036,249 0 0
McDermott International COM220014096140,128388,010SHSOLE0388,010 0 0
Cowen IncCONV PREF2236225072,917,1381,912SHSOLE01,912 0 0
Crestwood Equity PartnersCOM226344109667,32125,480SHSOLE025,480 0 0
Walt Disney CoCOM254687106994,03811,442SHSOLE011,442 0 0
Dow IncCOM260557103660,71713,112SHSOLE013,112 0 0
Enterprise Products PartnersCOM2937921071,903,62378,923SHSOLE078,923 0 0
Equitrans Midstream CorporationCOM294600101994,815148,480SHSOLE0148,480 0 0
EZCORP COM3023011068,1501,000SHSOLE01,000 0 0
F.N.B. CorporationCOM302520101122,9449,421SHSOLE09,421 0 0
Freddie MacCOM313400301110,596313,038SHSOLE0313,038 0 0
Freddie MacPREF STK313400640292,409172,005SHSOLE0172,005 0 0
Federal National Mortgage AssociationCOM31358610927,56177,988SHSOLE077,988 0 0
Fannie Mae PREF STK31358675214,0406,000SHSOLE06,000 0 0
Fifth Third BancorpCOM316773100280,0338,535SHSOLE08,535 0 0
First BancsharesCOM3189161031,442,40345,061SHSOLE045,061 0 0
First Community CorpCOM3198351041,036,16347,335SHSOLE047,335 0 0
The First Financial CorpCOM320218100361,9227,854SHSOLE07,854 0 0
Ford Motor COM34537086042,8663,686SHSOLE03,686 0 0
General Electric CompanyCOM369604103150,5391,797SHSOLE01,797 0 0
Genesis EnergyCOM3719271041,628,852159,535SHSOLE0159,535 0 0
Graftech International COM384313508936,225196,686SHSOLE0196,686 0 0
Hancock Whitney CorporationCOM410120109299,9706,199SHSOLE06,199 0 0
Hawaiian Holdings COM41987910112,6301,231SHSOLE01,231 0 0
Hawthorn BancsharesCOM420476103921,19842,315SHSOLE042,315 0 0
Hess Midstream Partners COM4281031052,459,99282,219SHSOLE082,219 0 0
The Home DepotCOM4370761023,794,74212,014SHSOLE012,014 0 0
Honeywell International COM4385161062,488,02311,610SHSOLE011,610 0 0
Hugoton Royalty TrustCOM444717102504,096262,550SHSOLE0262,550 0 0
Icahn Enteprises LPCOM45110010134,594683SHSOLE0683 0 0
Intel CorporationCOM458140100434,24516,430SHSOLE016,430 0 0
International Business Machines COM4592001011,751,12212,429SHSOLE012,429 0 0
iShares Barclays TIPS BondCOM464287176196,5321,846SHSOLE01,846 0 0
iShares DJ US Financial SectorCOM464287788185,0522,452SHSOLE02,452 0 0
Ishares Oil & Gas ExplorationCOM46428885116,901182SHSOLE0182 0 0
Johnson & JohnsonCOM4781601042,477,34014,024SHSOLE014,024 0 0
La-Z-BoyCOM505336107764,28733,492SHSOLE033,492 0 0
Lakeland BancorpCOM511637100248,19514,094SHSOLE014,094 0 0
Liberty BroadbandCOM53030730526,847352SHSOLE0352 0 0
MDC HoldingsCOM5526761081,003,61631,760SHSOLE031,760 0 0
Magellan Midstream Partners COM5590801062,056,20040,952SHSOLE040,952 0 0
McDonald's COM5801351013,222,97212,230SHSOLE012,230 0 0
Mesa Air Group COM590479135355,694232,480SHSOLE0232,480 0 0
Microsoft CorporationCOM5949181043,189,97713,302SHSOLE013,302 0 0
Microchip Technology COM59501770455,779794SHSOLE0794 0 0
MidWest One Financial GroupCOM5985111032,286,76272,024SHSOLE072,024 0 0
NMI Holdings COM6292093051,491,46671,362SHSOLE071,362 0 0
New York Community BancorpCOM649445103822,20395,605SHSOLE095,605 0 0
Newmont Mining COM65163910649,8431,056SHSOLE01,056 0 0
Nike COM6541061031,297,05611,085SHSOLE011,085 0 0
OceanFirst Financial COM675234108949,68444,691SHSOLE044,691 0 0
Old National BancorpCOM680033107930,30351,741SHSOLE051,741 0 0
ONEOK COM6826801033,872,94958,949SHSOLE058,949 0 0
Pacwest BancorpCOM695263103410,07117,868SHSOLE017,868 0 0
Pacwest BancorpPREF STK695263202139,2505,570SHSOLE05,570 0 0
Parke BancorpCOM700885106916,10244,171SHSOLE044,171 0 0
Peoples BancorpCOM7097891011,140,39240,368SHSOLE040,368 0 0
Peoples Bancorp COM7105771071,135,98634,889SHSOLE034,889 0 0
Pfizer COM717081103280,1295,467SHSOLE05,467 0 0
Plains All American PipelineCOM72650310572,2896,147SHSOLE06,147 0 0
Procter & Gamble COM7427181091,988,31613,119SHSOLE013,119 0 0
Realty Income CorpCOM75610910433,364526SHSOLE0526 0 0
Republic ServicesCOM76075910048,629377SHSOLE0377 0 0
Southwestern Energy CompanyCOM84546710917,5503,000SHSOLE03,000 0 0
Superior IndustriesCOM868168105720,749170,794SHSOLE0170,794 0 0
Taiwan Semiconductor COM87403910037,245500SHSOLE0500 0 0
Ternium SA COM88089010831,7521,039SHSOLE01,039 0 0
Turtle Beach CorpCOM900450206471,94465,822SHSOLE065,822 0 0
Umpqua Holdings CorporationCOM90421410317,8501,000SHSOLE01,000 0 0
Unisys CorpCOM909214306434,50885,031SHSOLE085,031 0 0
Unit CorpWARRANT909218125370,83632,107SHSOLE032,107 0 0
Unit CorpCOM9092184065,359,68892,632SHSOLE092,632 0 0
United Bancshares COM909458101744,77539,785SHSOLE039,785 0 0
United Parcel ServiceCOM911312106155,239893SHSOLE0893 0 0
Wal-Mart StoresCOM9311421031,698,70811,980SHSOLE011,980 0 0
Walgreens Boots Alliance COM931427108469,69012,572SHSOLE012,572 0 0
Wells Fargo & CompanyCOM94974610171,5141,732SHSOLE01,732 0 0
Westlake Chemical PartnersCOM960417103829,52735,299SHSOLE035,299 0 0
Williams CompaniesCOM9694571003,754,189114,109SHSOLE0114,109 0 0
YelpCOM985817105914,55033,451SHSOLE033,451 0 0
Zions BancorpCOM989701107553,83711,266SHSOLE011,266 0 0
Argan IncCOM04010e109966,99426,220SHSOLE026,220 0 0
The Travelers CompaniesCOM89417e1092,141,69811,423SHSOLE011,423 0 0
AMG Capital Trust IICONV PREF00170F2091,710,10933,206SHSOLE033,206 0 0
A T & T INC NEWCOM00206r10274,6344,054SHSOLE04,054 0 0
Academy Sports & OutdoorsCOM00402l1071,554,44829,586SHSOLE029,586 0 0
Alliance Resource PartnersCOM01877r1082,439,761120,067SHSOLE0120,067 0 0
Altria Group COM02209s10388,9521,946SHSOLE01,946 0 0
Kinetik Holdings COM02215l2093,367,610101,802SHSOLE0101,802 0 0
American Airlines GroupCOM02376R102210,46516,546SHSOLE016,546 0 0
American Airlines CONV BOND02376RAF952,80250,000PRNSOLE050,000 0 0
Antero Midstream COM03676b1023,258,825302,023SHSOLE0302,023 0 0
Arcbest CorpCOM03937c105974,46713,913SHSOLE013,913 0 0
Avaya Holdings CorpCONV BOND05351XAB785,8752,290,000PRNSOLE02,290,000 0 0
BOK Financial CorpCOM05561q201205,1931,977SHSOLE01,977 0 0
BancFirst CorporationCOM05945f10331,745360SHSOLE0360 0 0
Banc of CaliforniaCOM05990k10686,0225,400SHSOLE05,400 0 0
Bill.com HoldingsCONV BOND090043AD2395,250500,000PRNSOLE0500,000 0 0
Blackline CorpCONV BOND09239BAD1425,938500,000PRNSOLE0500,000 0 0
Brighthouse FinancialCOM10922n1032,201,48342,939SHSOLE042,939 0 0
CareDx IncCOM14167l10314,7421,292SHSOLE01,292 0 0
The Cheesecake FactoryCONV BOND163072AA91,593,1431,925,000PRNSOLE01,925,000 0 0
Cisco SystemsCOM17275r102706,88214,838SHSOLE014,838 0 0
CloudfareCONV BOND18915MAC1407,500500,000PRNSOLE0500,000 0 0
Contura Energy WARRANT21241b1181,072,0608,860SHSOLE08,860 0 0
Coupa Software CONV BOND22266LAF3480,750500,000PRNSOLE0500,000 0 0
Customers BancorpCOM23204g100441,82115,590SHSOLE015,590 0 0
DR Horton COM23331a10913,371150SHSOLE0150 0 0
Delek Logistics PartnersCOM24664t1031,154,55425,515SHSOLE025,515 0 0
Devon Energy CorporationCOM25179m103211,2463,434SHSOLE03,434 0 0
Eagle Bancorp Montana COM26942g100626,73338,783SHSOLE038,783 0 0
Earthstone Energy COM27032d3041,201,05584,403SHSOLE084,403 0 0
Energy TransferCOM29273v1001,477,877124,505SHSOLE0124,505 0 0
EnLink Midstream COM29336t1002,096,352170,435SHSOLE0170,435 0 0
Essa Bancorp COM29667d1041,252,01259,991SHSOLE059,991 0 0
EZCorp IncCONV BOND302301AE61,310,9291,481,000PRNSOLE01,481,000 0 0
EZCorp IncCONV BOND302301AF3331,917320,000PRNSOLE0320,000 0 0
Exxon Mobil CorporationCOM30231g102424,8763,852SHSOLE03,852 0 0
First United CorpCOM33741h1071,199,06361,021SHSOLE061,021 0 0
First US Bancshares COM33744v103446,55151,446SHSOLE051,446 0 0
Five9CONV BOND338307AD3458,000500,000PRNSOLE0500,000 0 0
General Motors Corp.COM37045v10013,456400SHSOLE0400 0 0
The Goldman Sachs GroupCOM38141g1043,933,76111,456SHSOLE011,456 0 0
Greenbriar CONV BOND393657AK71,657,5131,755,000PRNSOLE01,755,000 0 0
HMN FinancialCOM40424g108943,22844,200SHSOLE044,200 0 0
Homestreet COM43785u102456,03516,535SHSOLE016,535 0 0
Hope BancorpCOM43940t109796,06562,144SHSOLE062,144 0 0
Iridium Communications COM46269c10278,5391,528SHSOLE01,528 0 0
JPMorgan COM46625h1001,869,35413,940SHSOLE013,940 0 0
JP Morgan Chase Alerian ETNCOM46625h36551,7432,379SHSOLE02,379 0 0
Jackson FinancialCOM46817m107679,62319,535SHSOLE019,535 0 0
Jetblue AirwaysCONV BOND477143AP62,139,8412,935,000PRNSOLE02,935,000 0 0
Kimball Electronics COM49428j1091,532,61967,845SHSOLE067,845 0 0
Kinder MorganCOM49456b1011,077,65859,605SHSOLE059,605 0 0
LCI IndustriesCONV BOND501812AB71,208,9331,440,000PRNSOLE01,440,000 0 0
LGI Homes COM50187t106718,1137,755SHSOLE07,755 0 0
MPLXCOM55336v1002,647,26980,611SHSOLE080,611 0 0
Macy'sCOM55616p1048,260400SHSOLE0400 0 0
Mastercard COM57636q104139,092400SHSOLE0400 0 0
Merck COM58933y1051,462,65413,183SHSOLE013,183 0 0
NETGEARCOM64111Q104591,23732,647SHSOLE032,647 0 0
Rithm Capital CorpCOM64828t20157,1496,995SHSOLE06,995 0 0
New York Community BancorpCONV PREF64944p3071,717,84839,600SHSOLE039,600 0 0
Okta Inc CONV BOND679295AF2420,000500,000PRNSOLE0500,000 0 0
Oracle CorporationCOM68389x105287,4803,517SHSOLE03,517 0 0
Palantir TechnologiesCOM69608a10910,2721,600SHSOLE01,600 0 0
Peoples Financial COM71103b102992,48368,803SHSOLE068,803 0 0
Pershing Square Tontine Holdings RIGHT715esc01825025,000SHSOLE025,000 0 0
Plains GP HoldingsCOM72651a20744,5983,585SHSOLE03,585 0 0
Primis Financial COM74167b109771,50665,106SHSOLE065,106 0 0
ProShares Ultra DJ AIG Crude OilCOM74347w50218,307604SHSOLE0604 0 0
Proshs Ushort Nat GasCOM74347y8216,001218SHSOLE0218 0 0
Bloomberg Natural Gas COM74347y87012,766718SHSOLE0718 0 0
ProShares S&P 500 Dividend Aristocrat COM74348a467141,2841,570SHSOLE01,570 0 0
QCR HoldingsCOM74727a1044,474,10190,131SHSOLE090,131 0 0
SB Financial GroupCOM78408d1052,763,828163,058SHSOLE0163,058 0 0
SPDR S&P 600 Small Cap ValueCOM78464a300432,5545,828SHSOLE05,828 0 0
SPDR Dow Jones Industrial AverageCOM78467x10911,172,13133,719SHSOLE033,719 0 0
salesforce.comCOM79466l3021,392,85810,505SHSOLE010,505 0 0
SandRidge EnergyCOM80007p869136,5818,020SHSOLE08,020 0 0
Schneider NatlCOM80689h10272,2123,086SHSOLE03,086 0 0
Sea LtdCOM81141r10020,500394SHSOLE0394 0 0
Financial Sector SPDRCOM81369y10528,112822SHSOLE0822 0 0
Shake Shack IncCONV BOND819047AB71,332,0611,979,000PRNSOLE01,979,000 0 0
Sounds Financial BancCOM83607a100320,0518,150SHSOLE08,150 0 0
Sprouts Farmers MarketCOM85208M1021,339,47141,380SHSOLE041,380 0 0
Sterling Bancorp COM85917w102393,44464,605SHSOLE064,605 0 0
Summit Financial GroupCOM86606g1012,284,69591,792SHSOLE091,792 0 0
Talos EnergyCOM87484t1082,171,294115,005SHSOLE0115,005 0 0
Targa Resources CorpCOM87612g1013,412,53046,429SHSOLE046,429 0 0
3M COM88579y1011,362,89111,365SHSOLE011,365 0 0
Truist Financial CorpCOM89832q109307,3637,143SHSOLE07,143 0 0
US Xpress EnterprisesCOM90338n202472,012260,780SHSOLE0260,780 0 0
Uber Technologies COM90353t10014,343580SHSOLE0580 0 0
UnitedHealth Group IncCOM91324p1026,081,69511,471SHSOLE011,471 0 0
Uniti Group COM91325v10845,6508,255SHSOLE08,255 0 0
Vaalco Energy COM91851c201936,870205,454SHSOLE0205,454 0 0
Verizon Communications COM92343v104583,51414,810SHSOLE014,810 0 0
Visa COM92826c8392,342,28611,274SHSOLE011,274 0 0
Vishay IntertechnologyCONV BOND928298AP32,025,5152,090,000PRNSOLE02,090,000 0 0
Western Midstream PartnersCOM95825r1031,795,88966,886SHSOLE066,886 0 0
WisdomTree InvestmentsCONV BOND97717PAD61,753,3651,910,000PRNSOLE01,910,000 0 0
Zillow Group CONV BOND98954MAH41,826,6731,900,000PRNSOLE01,900,000 0 0
Deutsche BankCOMd18190898286,84824,900SHSOLE024,900 0 0
Arcos Dorados Holdings IncCOMg0457f10759471SHSOLE071 0 0
Bunge LtdCOMg16962105140,0621,404SHSOLE01,404 0 0
McDermott WARRANTG5924V11465265,197SHSOLE065,197 0 0
McDermott WARRANTG5924V12272472,441SHSOLE072,441 0 0
Expro Group HoldingsCOMn3144w1051,162,12764,100SHSOLE064,100 0 0
Genco ShippingCOMy2685t13115,3601,000SHSOLE01,000 0 0
Navios Maritime HoldingsCOMy6219610332,09518,340SHSOLE018,340 0 0
Navios Maritime Partners COMy622671021,777,41268,467SHSOLE068,467 0 0
Teekay IncCOMy8564w10349,50910,905SHSOLE010,905 0 0
Teekay TankersCOMy8565n10214,203461SHSOLE0461 0 0