Pingora Partners LLC
Long book
$168.7M
Q1 2026
Positions
186
Top-10 weight
58%
concentration
Last quarter
-0.7%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsPingora Partners LLC is an institutional manager, running a $168.7M US long book across 186 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: FTAI AVIATION LTD, CRESCENT ENERGY INC-A, FTAI INFRASTRUCTURE INC, COTERRA ENERGY INC, ALIBABA GROUP HOLDING-SP ADR.
Over the last 9 quarters its long book ran on average 2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+17.9%
Q2 2024
+13.0%
Q3 2024
+4.5%
Q4 2024
-13.1%
Q1 2025
-0.3%
Q2 2025
+13.8%
Q3 2025
+7.0%
Q4 2025
+16.5%
Q1 2026
-0.7%
Sector allocation
Services media 33%
Energy 18%
Industrials 10%
Technology 9%
Healthcare 7%
Other 5%
Utilities 4%
Financials 3%
Long book by quarter
What does Pingora Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FTAI FTAI AVIATION LTD | Services media | 190.8K | $46.7M | 27.7% | -37.7% |
| CRGY CRESCENT ENERGY INC-A | Energy | 1.1M | $15.1M | 8.9% | -3.7% |
| FIP FTAI INFRASTRUCTURE INC | Industrials | 2.1M | $10.1M | 6.0% | +16.0% |
| CTRA COTERRA ENERGY INC | — | 138.6K | $4.9M | 2.9% | Held |
| T AT&T INC | Communications | 130.3K | $3.8M | 2.2% | +1.2% |
| DINO HF SINCLAIR CORP | Energy | 57.5K | $3.6M | 2.1% | Held |
| ET ENERGY TRANSFER LP | Utilities | 162.1K | $3.1M | 1.9% | +0.8% |
| BA BOEING CO/THE | Industrials | 14.9K | $3.0M | 1.8% | +1.2% |
| XOM EXXON MOBIL CORP | Energy | 16.0K | $2.7M | 1.6% | Held |
| PFE PFIZER INC | Healthcare | 89.5K | $2.5M | 1.5% | +6.7% |
| FCX FREEPORT-MCMORAN INC | Materials | 40.8K | $2.4M | 1.4% | Held |
| AAPL APPLE INC | Technology | 8.8K | $2.2M | 1.3% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 3.6K | $2.1M | 1.2% | -2.7% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 33.9K | $2.1M | 1.2% | -0.4% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 89.7K | $2.0M | 1.2% | +85.2% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 8.1K | $2.0M | 1.2% | Held |
| SBSI SOUTHSIDE BANCSHARES INC | Financials | 61.7K | $1.9M | 1.1% | Held |
| TDAY USA TODAY CO INC | Other | 253.7K | $1.8M | 1.1% | -1.4% |
| KMI KINDER MORGAN INC | Utilities | 53.3K | $1.8M | 1.1% | Held |
| MPLX MPLX LP | Energy | 30.2K | $1.7M | 1.0% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.8K | $1.6M | 1.0% | Held |
| MRK MERCK & CO. INC. | Healthcare | 12.9K | $1.5M | 0.9% | Held |
| PTEN PATTERSON-UTI ENERGY INC | Energy | 141.6K | $1.5M | 0.9% | -1.0% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 8.7K | $1.5M | 0.9% | New |
| LLY ELI LILLY & CO | Healthcare | 1.6K | $1.5M | 0.9% | -5.9% |
| CSCO CISCO SYSTEMS INC | Technology | 18.8K | $1.5M | 0.9% | +6.8% |
| ACN ACCENTURE PLC-CL A | Services media | 7.0K | $1.4M | 0.8% | +28000.0% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 12.1K | $1.4M | 0.8% | -0.8% |
| MSFT MICROSOFT CORP | Technology | 3.6K | $1.3M | 0.8% | -1.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.0K | $1.2M | 0.7% | Held |
| CVX CHEVRON CORP | Energy | 5.8K | $1.2M | 0.7% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.3K | $1.0M | 0.6% | Held |
| DIS WALT DISNEY CO/THE | Services media | 9.9K | $956K | 0.6% | -2.0% |
| GIS GENERAL MILLS INC | Consumer staples | 24.8K | $923K | 0.5% | +13.3% |
| DVN DEVON ENERGY CORP | Energy | 15.8K | $795K | 0.5% | -2.5% |
| MDT MEDTRONIC PLC | Healthcare | 9.0K | $780K | 0.5% | +1700.0% |
| GOOGL ALPHABET INC-CL A | Technology | 2.5K | $733K | 0.4% | Held |
| GOOG ALPHABET INC-CL C | Technology | 2.4K | $691K | 0.4% | Held |
| ORCL ORACLE CORP | Technology | 4.7K | $684K | 0.4% | +190.6% |
| BKD BROOKDALE SENIOR LIVING INC | Healthcare | 48.0K | $657K | 0.4% | -66.1% |
| NFE NEW FORTRESS ENERGY INC | Utilities | 1.1M | $646K | 0.4% | +48.6% |
| MU MICRON TECHNOLOGY INC | Technology | 1.9K | $635K | 0.4% | -55.3% |
| BORR BORR DRILLING LTD | Energy | 100.4K | $579K | 0.3% | -35.1% |
| CAT CATERPILLAR INC | Industrials | 750 | $531K | 0.3% | Held |
| CBRL CRACKER BARREL OLD COUNTRY | Consumer discretionary | 18.8K | $527K | 0.3% | +197.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 3.6K | $523K | 0.3% | +0.7% |
| OKTA OKTA INC | Technology | 6.4K | $505K | 0.3% | +970.0% |
| HTZ HERTZ GLOBAL HLDGS INC | Services media | 102.7K | $473K | 0.3% | +566.0% |
| C CITIGROUP INC | Financials | 4.1K | $465K | 0.3% | Held |
| MLI MUELLER INDUSTRIES INC | Industrials | 4.0K | $443K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 186 | $168.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 204 | $163.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 200 | $150.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 204 | $133.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 207 | $134.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 224 | $152.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 222 | $141.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 233 | $141.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 255 | $137.0M | canonical | SEC ↗ |
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