Pinnacle Wealth Management Group, Inc. Q4 2025 Filing

Filed January 23, 2026

Portfolio Value

$200.2B

Holdings

126

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (126 positions)

#	Stock	Shares	Value	% Portfolio
1	UITBVICTORY PORTFOLIOS II	191,227	$9.1B	4.52%
2	VMBSVANGUARD SCOTTSDALE FDS	180,374	$8.5B	4.24%
3	TBILRBB FD INC	167,991	$8.4B	4.19%
4	USTBVICTORY PORTFOLIOS II	158,859	$8.1B	4.03%
5	NDQINVESCO QQQ TR	12,392	$7.6B	3.80%
6	GDXVANECK ETF TRUST	81,878	$7.0B	3.51%
7	QFLRINNOVATOR ETFS TRUST	198,332	$6.8B	3.40%
8	MSFTMICROSOFT CORP	13,417	$6.5B	3.24%
9	SFLRINNOVATOR ETFS TRUST	166,416	$6.1B	3.06%
10	VXUSVANGUARD STAR FDS	81,261	$6.1B	3.06%
11	RSPINVESCO EXCHANGE TRADED FD T	31,089	$6.0B	2.98%
12	IWMISHARES TR	22,635	$5.6B	2.78%
13	DWDMORGAN STANLEY	31,001	$5.5B	2.75%
14	VOVANGUARD INDEX FDS	18,913	$5.5B	2.74%
15	SPLVINVESCO EXCH TRADED FD TR II	67,547	$4.8B	2.41%
16	PAPRINNOVATOR ETFS TRUST	113,699	$4.4B	2.22%
17	AEMAGNICO EAGLE MINES LTD	25,801	$4.4B	2.19%
18	GNOVFIRST TR EXCHNG TRADED FD VI	96,420	$3.8B	1.91%
19	JPMJPMORGAN CHASE & CO.	10,993	$3.5B	1.77%
20	AAPLAPPLE INC	11,918	$3.2B	1.62%
21	PDECINNOVATOR ETFS TRUST	72,255	$3.1B	1.57%
22	KBWBINVESCO EXCH TRADED FD TR II	37,007	$3.1B	1.56%
23	AGIALAMOS GOLD INC NEW	75,858	$2.9B	1.46%
24	VPUVANGUARD WORLD FD	15,284	$2.8B	1.41%
25	XLVSELECT SECTOR SPDR TR	18,221	$2.8B	1.41%
26	SPHDINVESCO EXCH TRADED FD TR II	57,890	$2.8B	1.39%
27	PJUNINNOVATOR ETFS TRUST	63,085	$2.6B	1.32%
28	BUGGLOBAL X FDS	78,564	$2.4B	1.20%
29	NGDNEW GOLD INC CDA	273,330	$2.4B	1.19%
30	PSEPINNOVATOR ETFS TRUST	43,180	$1.9B	0.94%
31	DDTLINNOVATOR ETFS TRUST	81,285	$1.7B	0.85%
32	VVISA INC	4,193	$1.5B	0.73%
33	AMZNAMAZON COM INC	6,291	$1.5B	0.73%
34	DDTOINNOVATOR ETFS TRUST	34,271	$1.4B	0.70%
35	GOOGLALPHABET INC	4,367	$1.4B	0.68%
36	STIPISHARES TR	13,010	$1.3B	0.67%
37	PMAYINNOVATOR ETFS TRUST	32,185	$1.3B	0.64%
38	GOOGALPHABET INC	3,821	$1.2B	0.60%
39	ITOTISHARES TR	8,025	$1.2B	0.60%
40	RSGREPUBLIC SVCS INC	5,257	$1.1B	0.56%
41	SKE.TOSKEENA RES LTD NEW	45,257	$1.1B	0.54%
42	BACVERIZON COMMUNICATIONS INC	25,896	$1.1B	0.53%
43	PPTAPERPETUA RESOURCES CORP	43,310	$1.0B	0.52%
44	PEPPEPSICO INC	7,264	$1.0B	0.52%
45	ABBVABBVIE INC	4,536	$1.0B	0.52%
46	POCTINNOVATOR ETFS TRUST	20,990	$921.0M	0.46%
47	PAUGINNOVATOR ETFS TRUST	20,805	$899.0M	0.45%
48	TSMTAIWAN SEMICONDUCTOR MFG LTD	2,750	$835.0M	0.42%
49	TMUST-MOBILE US INC	3,860	$783.0M	0.39%
50	BRK-BBERKSHIRE HATHAWAY INC DEL	1	$754.0M	0.38%
51	ORCLORACLE CORP	3,696	$720.0M	0.36%
52	VTIVANGUARD INDEX FDS	2,148	$720.0M	0.36%
53	BABOEING CO	3,292	$714.0M	0.36%
54	BIPCBROOKFIELD INFRASTRUCTURE CO	15,319	$695.0M	0.35%
55	BSEPINNOVATOR ETFS TRUST	14,030	$690.0M	0.34%
56	ODVOSISKO DEVELOPMENT CORP	180,550	$630.0M	0.31%
57	NEENEXTERA ENERGY INC	7,768	$623.0M	0.31%
58	PNOVINNOVATOR ETFS TRUST	14,735	$615.0M	0.31%
59	WELLWELLTOWER INC	3,276	$608.0M	0.30%
60	BCCCGLOBAL X FDS	12,030	$574.0M	0.29%
61	PJULINNOVATOR ETFS TRUST	11,940	$554.0M	0.28%
62	NXTNEXTPOWER INC	6,368	$554.0M	0.28%
63	SHYISHARES TR	6,602	$546.0M	0.27%
64	PMARINNOVATOR ETFS TRUST	12,000	$539.0M	0.27%
65	PJANINNOVATOR ETFS TRUST	11,136	$523.0M	0.26%
66	JNJJOHNSON & JOHNSON	2,526	$522.0M	0.26%
67	DONSPDR DOW JONES INDL AVERAGE	1,044	$501.0M	0.25%
68	PGPROCTER AND GAMBLE CO	3,467	$496.0M	0.25%
69	BEPCBROOKFIELD RENEWABLE CORP	12,659	$485.0M	0.24%
70	SPTMSPDR SERIES TRUST	5,752	$474.0M	0.24%
71	DUKDUKE ENERGY CORP NEW	4,048	$474.0M	0.24%
72	KTKT CORP	24,850	$471.0M	0.24%
73	IEFISHARES TR	4,781	$459.0M	0.23%
74	BRK/BBERKSHIRE HATHAWAY INC DEL	904	$454.0M	0.23%
75	BDECINNOVATOR ETFS TRUST	9,000	$446.0M	0.22%
76	SOSOUTHERN CO	5,104	$445.0M	0.22%
77	ZAUGINNOVATOR ETFS TRUST	16,630	$444.0M	0.22%
78	BAUGINNOVATOR ETFS TRUST	8,850	$442.0M	0.22%
79	ADPAUTOMATIC DATA PROCESSING IN	1,708	$439.0M	0.22%
80	NEMNEWMONT CORP	4,130	$412.0M	0.21%
81	EWZISHARES INC	12,789	$406.0M	0.20%
82	NVDANVIDIA CORPORATION	2,170	$404.0M	0.20%
83	AEEAMEREN CORP	3,956	$395.0M	0.20%
84	DTEDTE ENERGY CO	3,048	$393.0M	0.20%
85	IXUSISHARES TR	4,613	$390.0M	0.19%
86	FNOVFIRST TR EXCHNG TRADED FD VI	6,995	$383.0M	0.19%
87	LLYELI LILLY & CO	326	$350.0M	0.17%
88	SCHDSCHWAB STRATEGIC TR	12,535	$343.0M	0.17%
89	VKTXVIKING THERAPEUTICS INC	9,565	$336.0M	0.17%
90	BBARRICK MNG CORP	7,700	$335.0M	0.17%
91	AMTAMERICAN TOWER CORP NEW	1,900	$333.0M	0.17%
92	IWDISHARES TR	1,570	$330.0M	0.16%
93	DTMDT MIDSTREAM INC	2,741	$328.0M	0.16%
94	ECLECOLAB INC	1,252	$328.0M	0.16%
95	QUALISHARES TR	1,640	$325.0M	0.16%
96	VOOVANGUARD INDEX FDS	506	$317.0M	0.16%
97	GSGOLDMAN SACHS GROUP INC	350	$307.0M	0.15%
98	BACBANK AMERICA CORP	5,535	$304.0M	0.15%
99	CMSCMS ENERGY CORP	4,345	$303.0M	0.15%
100	JAJLINNOVATOR ETFS TRUST	10,350	$300.0M	0.15%

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