Pinnacle Advisory Group, Inc.

13F filer, CIK 1504404, COLUMBIA, MD

Pinnacle Advisory Group, Inc. reported $1,485,208,000 across 162 holdings for the quarter ended 2019-12-31, in a 13F-HR filed 2020-02-05. Its ten largest share positions make up 47.14% of the portfolio.

Filed 2020-02-05 (acceptance time not in the bulk data set), ingested 2026-10-07 18:54:20 UTC13F-HR 0001504404-20-000001

Period: 2019-12-31
Reported value: $1.49B
Holdings: 162
Top 10 weight: 47.14%
New: 17
Sold out: 8

Largest buys vs the previous quarter

Security	Shares change	Approx. value
GIGBnew	+536,133	$28.2M
EWGnew	+917,748	$27M
XLIadded	+316,740	$25.8M
EWAnew	+853,447	$19.3M
XLEadded	+302,508	$18.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
XLPreduced	-674,081	-$42.5M
IEFreduced	-363,211	-$40M
GSYreduced	-686,529	-$34.6M
SCHOreduced	-430,837	-$21.7M
GLOBAL X FDSreduced	-1,624,991	-$20M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2019

Share positions as resolved from 13F-HR 0001504404-20-000001, largest first. % of portfolio is the value over $1,485,208,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
XLFSELECT SECTOR SPDR TR	3,398,008	$105M	7.04%	+340,469	Timeline
IYWISHARES TR	387,741	$90.2M	6.07%	-10,457	Timeline
XLKSELECT SECTOR SPDR TR	858,333	$78.7M	5.3%	-3,011	Timeline
IEFISHARES TR	661,972	$73M	4.91%	-363,211	Timeline
GSYINVESCO ACTIVELY MANAGED EXC	1,308,904	$65.9M	4.44%	-686,529	Timeline
XLVSELECT SECTOR SPDR TR	589,972	$60.1M	4.05%	+115,633	Timeline
SCHOSCHWAB STRATEGIC TR	1,141,626	$57.6M	3.88%	-430,837	Timeline
XLYSELECT SECTOR SPDR TR	456,979	$57.3M	3.86%	+8,598	Timeline
SPIBSPDR SERIES TRUST	1,619,538	$57.2M	3.85%	+21,401	Timeline
XLCSELECT SECTOR SPDR TR	1,035,187	$55.5M	3.74%	+4,577	Timeline
EZUISHARES INC	1,188,919	$49.8M	3.36%	-368,449	Timeline
TLTISHARES TR	320,732	$43.5M	2.93%	+1,828	Timeline
XLISELECT SECTOR SPDR TR	517,061	$42.1M	2.84%	+316,740	Timeline
JMBSJANUS DETROIT STR TR	658,433	$34.3M	2.31%	+235,693	Timeline
XLPSELECT SECTOR SPDR TR	514,382	$32.4M	2.18%	-674,081	Timeline
VHTVANGUARD WORLD FD	168,001	$32.2M	2.17%	-4,308	Timeline
EWJISHARES INC	527,559	$31.3M	2.1%	+2,101	Timeline
GIGBGOLDMAN SACHS ETF TR	536,133	$28.2M	1.9%	new	Timeline
EWGISHARES INC	917,748	$27M	1.82%	new	Timeline
GDXVANECK ETF TRUST	916,970	$26.8M	1.81%	+16,302	Timeline
DJPBARCLAYS BANK PLC	1,126,449	$25.7M	1.73%	+15,967	Timeline
PAVEGLOBAL X FDS	1,435,444	$25.6M	1.72%	+7,707	Timeline
EWUISHARES TR	709,848	$24.2M	1.63%	+356,690	Timeline
IVVISHARES TR	70,024	$22.6M	1.52%	-268	Timeline
XLUSELECT SECTOR SPDR TR	330,363	$21.3M	1.44%	-3,809	Timeline
SCHXSCHWAB STRATEGIC TR	255,358	$19.6M	1.32%	+8,360	Timeline
EWAISHARES INC	853,447	$19.3M	1.3%	new	Timeline
XLESELECT SECTOR SPDR TR	310,991	$18.7M	1.26%	+302,508	Timeline
SCHPSCHWAB STRATEGIC TR	310,947	$17.6M	1.19%	+6,492	Timeline
EWLISHARES INC	396,528	$16.1M	1.09%	-7,372	Timeline
XLBSELECT SECTOR SPDR TR	240,940	$14.8M	1%	-1,668	Timeline
XLRESELECT SECTOR SPDR TR	350,139	$13.5M	0.91%	-327,783	Timeline
FLJPFRANKLIN TEMPLETON ETF TR	401,369	$10.5M	0.71%	-7,651	Timeline
SPTSSPDR SERIES TRUST	323,436	$9.69M	0.65%	-126,051	Timeline
SPYMSPDR SERIES TRUST	249,372	$9.43M	0.63%	+5,972	Timeline
SCHZSCHWAB STRATEGIC TR	159,734	$8.54M	0.57%	+22,136	Timeline
AGGISHARES TR	73,935	$8.31M	0.56%	+1,712	Timeline
TIPISHARES TR	60,825	$7.09M	0.48%	+503	Timeline
SCHFSCHWAB STRATEGIC TR	208,090	$7M	0.47%	+6,091	Timeline
SCHASCHWAB STRATEGIC TR	63,436	$4.8M	0.32%	+5,918	Timeline
IYEISHARES TR	133,404	$4.29M	0.29%	new	Timeline
SCHMSCHWAB STRATEGIC TR	64,933	$3.91M	0.26%	+5,586	Timeline
VEAVANGUARD TAX-MANAGED FDS	88,358	$3.89M	0.26%	+564	Timeline
IJHISHARES TR	18,319	$3.77M	0.25%	+573	Timeline
FLGBFRANKLIN TEMPLETON ETF TR	137,533	$3.49M	0.23%	-2,108	Timeline
MBBISHARES TR	32,142	$3.47M	0.23%	+881	Timeline
IJRISHARES TR	40,564	$3.4M	0.23%	+242	Timeline
LQDISHARES TR	26,293	$3.36M	0.23%	+1,363	Timeline
SPSMSPDR SERIES TRUST	80,895	$2.64M	0.18%	+2,837	Timeline
GOOGALPHABET INC	1,957	$2.62M	0.18%	-2	Timeline
SHYISHARES TR	30,859	$2.61M	0.18%	-8,702	Timeline
SPMDSPDR SERIES TRUST	70,120	$2.54M	0.17%	+2,545	Timeline
GOOGLALPHABET INC	1,879	$2.52M	0.17%	-1	Timeline
UBS AG JERSEY BRHUBS AG JERSEY BRH	155,286	$2.35M	0.16%	+3,903
GLTRABRDN PRECIOUS METALS BASKET	29,427	$2.25M	0.15%	+788	Timeline
AAPLAPPLE INC	7,418	$2.18M	0.15%	+69	Timeline
IEFAISHARES TR	32,107	$2.1M	0.14%	-548	Timeline
ITOTISHARES TR	28,490	$2.07M	0.14%	0	Timeline
IYHISHARES TR	9,495	$2.05M	0.14%	-281	Timeline
iShares MSCI Frontier 100iShares MSCI Frontier 100	67,127	$2.04M	0.14%	+3,556
SCHRSCHWAB STRATEGIC TR	35,743	$1.96M	0.13%	-8,586	Timeline
MUBISHARES TR	16,286	$1.85M	0.12%	+211	Timeline
MINTPIMCO ETF TR	18,172	$1.85M	0.12%	-1,242	Timeline
SCHHSCHWAB STRATEGIC TR	36,980	$1.7M	0.11%	+3,230	Timeline
SPDWSPDR INDEX SHS FDS	51,107	$1.6M	0.11%	+12,779	Timeline
HIGHLAND FDS IHIGHLAND FDS I	90,500	$1.59M	0.11%	+4,007
BCIABRDN ETFS	68,979	$1.56M	0.11%	+7,640	Timeline
PCYINVESCO EXCH TRADED FD TR II	52,691	$1.56M	0.1%	+1,109	Timeline
IGOVISHARES TR	30,125	$1.51M	0.1%	-27	Timeline
ITBISHARES TR	33,604	$1.49M	0.1%	-140	Timeline
BWXSPDR SERIES TRUST	51,598	$1.49M	0.1%	+1,727	Timeline
SCHESCHWAB STRATEGIC TR	54,063	$1.48M	0.1%	+1,312	Timeline
SPABSPDR SERIES TRUST	49,011	$1.44M	0.1%	+15,370	Timeline
VFHVANGUARD WORLD FD	18,110	$1.38M	0.09%	+5,884	Timeline
DBJPDBX ETF TR	32,352	$1.38M	0.09%	-401	Timeline
FRELFIDELITY COVINGTON TRUST	49,037	$1.37M	0.09%	-13,729	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	3,949	$1.27M	0.09%	+30	Timeline
VDEVANGUARD WORLD FD	15,585	$1.27M	0.09%	-141	Timeline
VWOVANGUARD INTL EQUITY INDEX F	28,492	$1.27M	0.09%	+336	Timeline
KRESPDR SERIES TRUST	21,212	$1.24M	0.08%	-139	Timeline
BKLNINVESCO EXCH TRADED FD TR II	52,329	$1.19M	0.08%	+1,644	Timeline
EMBISHARES TR	10,252	$1.17M	0.08%	-110	Timeline
HYGISHARES TR	13,315	$1.17M	0.08%	-117	Timeline
GLOBAL X FDSGLOBAL X FDS	92,911	$1.14M	0.08%	-1,624,991
VNQVANGUARD INDEX FDS	12,235	$1.14M	0.08%	+138	Timeline
VOXVANGUARD WORLD FD	11,893	$1.12M	0.08%	-327	Timeline
GOVTISHARES TR	42,231	$1.09M	0.07%	-263	Timeline
MSFTMICROSOFT CORP	6,759	$1.07M	0.07%	-279	Timeline
ISHARES GOLD TRUSTISHARES GOLD TRUST	72,420	$1.05M	0.07%	-1,806
SPMBSPDR SERIES TRUST	40,103	$1.05M	0.07%	+13,769	Timeline
MKCMCCORMICK & CO INC	6,000	$1.02M	0.07%	-238	Timeline
VOOVANGUARD INDEX FDS	3,308	$979K	0.07%	new	Timeline
HYSPIMCO ETF TR	9,711	$968K	0.07%	-27	Timeline
IEMGISHARES INC	17,531	$942K	0.06%	-1,603	Timeline
CORPPIMCO ETF TR	8,077	$888K	0.06%	-53	Timeline
SPTLSPDR SERIES TRUST	21,660	$842K	0.06%	-548	Timeline
JNJJOHNSON & JOHNSON	5,640	$823K	0.06%	-98	Timeline
BACBANK OF AMER CORP	22,951	$808K	0.05%	0	Timeline
HEDJWISDOMTREE TR	11,070	$781K	0.05%	-28	Timeline
TAT&T INC	19,810	$774K	0.05%	+170	Timeline
MKC-VMCCORMICK & CO INC	4,256	$728K	0.05%	0	Timeline
VTIVANGUARD INDEX FDS	4,402	$720K	0.05%	-115	Timeline
PGPROCTER & GAMBLE CO	5,745	$718K	0.05%	-97	Timeline
BABOEING CO	2,150	$700K	0.05%	+3	Timeline
XOMEXXON MOBIL CORP	9,667	$675K	0.05%	-44	Timeline
VWOBVANGUARD WHITEHALL FDS	8,272	$673K	0.05%	+2,849	Timeline
LMBSFIRST TR EXCHANGE-TRADED FD	12,888	$668K	0.04%	+2,328	Timeline
JNKSPDR SERIES TRUST	6,019	$659K	0.04%	+290	Timeline
EPPISHARES INC	13,984	$647K	0.04%	0	Timeline
USDUWISDOMTREE TR	23,132	$617K	0.04%	0	Timeline
IEIISHARES TR	4,659	$586K	0.04%	+51	Timeline
IWMISHARES TR	3,454	$572K	0.04%	new	Timeline
VNLAJANUS DETROIT STR TR	11,428	$567K	0.04%	-6,736	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	2,492	$564K	0.04%	-131	Timeline
SBRSABINE RTY TR	13,438	$542K	0.04%	0	Timeline
IHEISHARES TR	3,315	$531K	0.04%	0	Timeline
ADBEADOBE INC	1,600	$528K	0.04%	new	Timeline
VDCVANGUARD WORLD FD	3,165	$510K	0.03%	-69	Timeline
USRTISHARES TR	8,970	$490K	0.03%	+593	Timeline
IVWISHARES TR	2,462	$477K	0.03%	0	Timeline
IWRISHARES TR	7,936	$473K	0.03%	new	Timeline
ADPAUTOMATIC DATA PROCESSING IN	2,667	$455K	0.03%	new	Timeline
CMACOMERICA INC	5,933	$426K	0.03%	0	Timeline
VZVERIZON COMMUNICATIONS INC	6,926	$425K	0.03%	+171	Timeline
SOSOUTHERN CO	6,596	$420K	0.03%	-800	Timeline
VMBSVANGUARD SCOTTSDALE FDS	7,741	$412K	0.03%	+374	Timeline
PNCPNC FINL SVCS GROUP INC	2,583	$412K	0.03%	0	Timeline
MRKMERCK & CO INC	4,283	$390K	0.03%	-20	Timeline
SPEMSPDR INDEX SHS FDS	10,356	$389K	0.03%	+3,095	Timeline
PEPPEPSICO INC	2,834	$387K	0.03%	+3	Timeline
SHMSPDR SERIES TRUST	7,612	$374K	0.03%	-1,490	Timeline
CHHCHOICE HOTELS INTL INC	3,466	$358K	0.02%	0	Timeline
AMZNAMAZON COM INC	191	$353K	0.02%	-3	Timeline
CVSCVS HEALTH CORP	4,712	$350K	0.02%	+50	Timeline
MCDMCDONALDS CORP	1,767	$349K	0.02%	-93	Timeline
USHYISHARES TR	8,227	$338K	0.02%	+981	Timeline
VVISA INC	1,719	$323K	0.02%	-39	Timeline
FTSLFIRST TR EXCHANGE-TRADED FD	6,707	$321K	0.02%	+867	Timeline
SPIPSPDR SERIES TRUST	10,989	$314K	0.02%	+953	Timeline
DISDISNEY WALT CO	2,077	$300K	0.02%	-279	Timeline
TROWPRICE T ROWE GROUP INC	2,378	$290K	0.02%	-75	Timeline
IWBISHARES TR	1,584	$283K	0.02%	0	Timeline
IBMINTERNATIONAL BUSINESS MACHS	2,105	$282K	0.02%	+1	Timeline
IBNDSPDR SERIES TRUST	8,006	$273K	0.02%	+1,267	Timeline
VEUVANGUARD INTL EQUITY INDEX F	4,969	$267K	0.02%	0	Timeline
BBHVANECK ETF TRUST	1,914	$267K	0.02%	new	Timeline
NEENEXTERA ENERGY INC	1,096	$265K	0.02%	-2,774	Timeline
SPBOSPDR SERIES TRUST	7,826	$265K	0.02%	new	Timeline
CSXCSX CORP	3,653	$264K	0.02%	-2,800	Timeline
CLCOLGATE PALMOLIVE CO	3,779	$260K	0.02%	-8	Timeline
PFEPFIZER INC	6,553	$257K	0.02%	+160	Timeline
IVEISHARES TR	1,978	$257K	0.02%	+157	Timeline
NSCNORFOLK SOUTHN CORP	1,304	$253K	0.02%	-400	Timeline
IWFISHARES TR	1,425	$251K	0.02%	new	Timeline
BSVVANGUARD BD INDEX FDS	2,912	$235K	0.02%	-512	Timeline
AOSSMITH A O CORP	4,800	$229K	0.02%	new	Timeline
METAMETA PLATFORMS INC	1,105	$227K	0.02%	new	Timeline
JPMJPMORGAN CHASE & CO	1,592	$222K	0.01%	-737	Timeline
CSCOCISCO SYS INC	4,599	$221K	0.01%	-54	Timeline
HYLBDBX ETF TR	4,142	$209K	0.01%	new	Timeline
SOXXISHARES TR	810	$203K	0.01%	new	Timeline
SRLNSSGA ACTIVE ETF TR	4,308	$201K	0.01%	new	Timeline

Sold out in Q4 2019

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
SGOLETFS GOLD TR	5,013	$712K	shares
VAWVANGUARD WORLD FD	4,757	$601K	shares
FLRNSPDR SERIES TRUST	18,348	$564K	shares
XBISPDR SERIES TRUST	4,940	$377K	shares
GLOBAL X FDSGLOBAL X FDS	42,556	$357K	shares
IDAIDACORP INC	2,715	$306K	shares
MAMASTERCARD INCORPORATED	1,050	$285K	shares
WMTWALMART INC	1,796	$213K	shares

How Q4 2019 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001504404-20-000001	base		2020-02-05	acceptance time not in the bulk data set	2026-10-07 18:54:20 UTC