Managers / Q1 2026

Pingora Partners LLC

CIK 0002011176 · PO BOX 1250, WILSON, WY, 83014 · 307-739-8686

Reported Value

$169M

Q1 2026

Positions

186

Filings on Record

2019–present window

Filed

May 15, 2026

original filing

Summary

Pingora Partners LLC reported $169M in U.S.-listed holdings across 186 positions for Q1 2026.

The portfolio is heavily concentrated: Ftai Aviation alone accounts for 27.7% of reported value.

Compared with Q4 2025, the fund opened 5 new positions and exited 23.

Portfolio Metrics

Turnover

+12.2%

vs prior filed quarter

Top-10 Concentration

+57.9%

share of reported value

Largest Position

+27.7%

Ftai Aviation

New / Exited

5 / 23

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

Common Stock · 59.3% · $100M
Other · 29.6% · $50M
ADR · 3.4% · $6M
MLP · 3.1% · $5M
Unit · 1.7% · $3M
Other · 2.8% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
COIN COINBASE GLOBAL INC	NEW	+8.7K	8.7K	+$2M	$2M
ISHARES TR	NEW	+9.0K	9.0K	+$420,155	$420,155
EXE EXPAND ENERGY CORPORATION	NEW	+500	500	+$54,890	$54,890
AAL AMERICAN AIRLINES GROUP INC	NEW	+5.0K	5.0K	+$53,700	$53,700
ASTRAZENECA PLC	NEW	+125	125	+$24,653	$24,653
ACCENTURE PLC IRELAND	ADDED	+7.0K	7.0K	+$1M	$1M
MEDTRONIC PLC	ADDED	+8.5K	9.0K	+$731,820	$779,850
DSGR DISTRIBUTION SOLUTIONS GRP I	ADDED	+10.8K	11.8K	+$282,242	$309,632

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

49 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	FTAI AVIATION LTD	SHS	27.71%	$47M	190.8K
2	CRGY CRESCENT ENERGY COMPANY history →	CL A COM	8.94%	$15M	1.12M
3	FIP FTAI INFRASTRUCTURE INC history →	COMMON STOCK	6.01%	$10M	2.05M
4	CTRA COTERRA ENERGY INC history →	COM	2.89%	$5M	138.6K
5	BABA ALIBABA GROUP HLDG LTD history →	SPONSORED ADS	2.65%	$4M	35.7K
6	T AT&T INC history →	COM	2.24%	$4M	130.3K
7	DINO HF SINCLAIR CORP history →	COM	2.13%	$4M	57.5K
8	ET ENERGY TRANSFER L P history →	COM UT LTD PTN	1.85%	$3M	162.1K
9	BA BOEING CO history →	COM	1.76%	$3M	14.9K
10	KRP KIMBELL RTY PARTNERS LP history →	UNIT	1.73%	$3M	201.5K
11	EXMOC EXXON MOBIL CORP history →	COM	1.61%	$3M	16.0K
12	PFE PFIZER INC history →	COM	1.49%	$3M	89.5K
13	FCX FREEPORT MCMORAN INC history →	CL B	1.42%	$2M	40.8K
14	AAPL APPLE INC history →	COM	1.32%	$2M	8.8K
15	META META PLATFORMS INC history →	CL A	1.24%	$2M	3.6K
16	BMY BRISTOL-MYERS SQUIBB CO history →	COM	1.22%	$2M	33.9K
17	KHC KRAFT HEINZ CO history →	COM	1.20%	$2M	89.7K
18	PVL PERMIANVILLE RTY TR history →	TR UNIT	1.19%	$2M	1.09M
19	IBM INTERNATIONAL BUSINESS MACHS history →	COM	1.16%	$2M	8.1K
20	SBSI SOUTHSIDE BANCSHARES INC history →	COM	1.14%	$2M	61.7K
21	TDAY USA TODAY CO INC history →	COM	1.06%	$2M	253.7K
22	KMI KINDER MORGAN INC DEL history →	COM	1.06%	$2M	53.3K
23	MPLX MPLX LP history →	COM UNIT REP LTD	1.02%	$2M	30.2K
24	AMZN AMAZON COM INC	COM	0.97%	$2M	7.8K
25	MRK MERCK & CO INC	COM	0.92%	$2M	12.9K
26	PTEN PATTERSON-UTI ENERGY INC	COM	0.91%	$2M	141.6K
27	COIN COINBASE GLOBAL INC	COM CL A	0.90%	$2M	8.7K
28	LLY ELI LILLY & CO	COM	0.87%	$1M	1.6K
29	CSCO CISCO SYS INC	COM	0.87%	$1M	18.8K
30	GOOGL ALPHABET INC	CAP STK CL A · CAP STK CL C	0.84%	$1M	5.0K
31	ACCENTURE PLC IRELAND	SHS CLASS A	0.83%	$1M	7.0K
32	AKAM AKAMAI TECHNOLOGIES INC	COM	0.82%	$1M	12.1K
33	MSFT MICROSOFT CORP	COM	0.79%	$1M	3.6K
34	JNJ JOHNSON & JOHNSON	COM	0.72%	$1M	5.0K
35	CHV CHEVRON CORPORATION	COM	0.71%	$1M	5.8K
36	MCD MCDONALDS CORP	COM	0.61%	$1M	3.3K
37	DIS DISNEY WALT CO	COM	0.57%	$956,186	9.9K
38	SHEL SHELL PLC	SPON ADS	0.56%	$945,810	10.2K
39	GIS GENERAL MILLS INC	COM	0.55%	$923,428	24.8K
40	DVN DEVON ENERGY CORP NEW	COM	0.47%	$794,603	15.8K
41	MEDTRONIC PLC	SHS	0.46%	$779,850	9.0K
42	ORCL ORACLE CORP	COM	0.41%	$684,062	4.7K
43	B7S BROOKDALE SR LIVING INC	COM	0.39%	$656,640	48.0K
44	SJT SAN JUAN BASIN RTY TR	UNIT BEN INT	0.38%	$648,274	135.1K
45	NFE NEW FORTRESS ENERGY INC	COM CL A	0.38%	$646,267	1.10M
46	MU MICRON TECHNOLOGY INC	COM	0.38%	$635,477	1.9K
47	BORR DRILLING LTD	SHS	0.34%	$579,308	100.4K
48	CAT CATERPILLAR INC	COM	0.31%	$531,345	750
49	CBRL CRACKER BARREL OLD CTRY STOR	COM	0.31%	$527,063	18.8K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$169M	186	May 15, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$164M	204	Feb 13, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$151M	200	Nov 14, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$134M	204	Aug 14, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$135M	207	May 15, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$153M	224	Feb 14, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$141M	222	Nov 14, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$141M	233	Aug 14, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$137M	255	May 13, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$113M	159	Feb 12, 2024	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.