Pinnacle Advisory Group, Inc.

13F filer, CIK 1504404, COLUMBIA, MD

Pinnacle Advisory Group, Inc. reported $1,438,900,000 across 163 holdings for the quarter ended 2020-06-30, in a 13F-HR filed 2020-08-14. Its ten largest share positions make up 46.53% of the portfolio.

Filed 2020-08-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:52:28 UTC13F-HR 0001504404-20-000004

Period: 2020-06-30
Reported value: $1.44B
Holdings: 163
Top 10 weight: 46.53%
New: 22
Sold out: 9

Largest buys vs the previous quarter

Security	Shares change	Approx. value
JPSTnew	+1,361,781	$69.1M
WORLD GOLD TR SPDR LNG DLR …new	+2,772,444	$49.2M
USIGnew	+670,455	$40.5M
XLKadded	+352,240	$36.8M
XLYadded	+259,701	$33.2M

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
SCHOreduced	-989,029	-$51.1M
XLVreduced	-383,662	-$38.4M
IYWreduced	-101,582	-$27.4M
SPDR GOLD MINISHARES TRUSTexited	-1,355,474	-$21.3M
GDXreduced	-309,477	-$11.4M

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, Q2 2020

Share positions as resolved from 13F-HR 0001504404-20-000004, largest first. % of portfolio is the value over $1,438,900,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
XLKSELECT SECTOR SPDR TR	1,198,132	$125M	8.7%	+352,240	Timeline
XLYSELECT SECTOR SPDR TR	623,819	$79.7M	5.54%	+259,701	Timeline
JPSTJ P MORGAN EXCHANGE TRADED F	1,361,781	$69.1M	4.8%	new	Timeline
JMBSJANUS DETROIT STR TR	1,282,351	$68.8M	4.78%	+362,884	Timeline
IEIISHARES TR	474,703	$63.5M	4.41%	+203,785	Timeline
XLCSELECT SECTOR SPDR TR	1,138,353	$61.5M	4.28%	-6,619	Timeline
IYWISHARES TR	220,083	$59.4M	4.13%	-101,582	Timeline
XLVSELECT SECTOR SPDR TR	496,998	$49.7M	3.46%	-383,662	Timeline
WORLD GOLD TR SPDR LNG DLR …WORLD GOLD TR SPDR LNG DLR GLD	2,772,444	$49.2M	3.42%	new
IEFISHARES TR	356,475	$43.4M	3.02%	-90,897	Timeline
XLPSELECT SECTOR SPDR TR	708,926	$41.6M	2.89%	-11,704	Timeline
USIGISHARES TR	670,455	$40.5M	2.82%	new	Timeline
EZUISHARES INC	847,579	$30.9M	2.15%	-7,529	Timeline
EWJISHARES INC	549,453	$30.2M	2.1%	+5,195	Timeline
VHTVANGUARD WORLD FD	150,112	$28.9M	2.01%	-11,420	Timeline
EWLISHARES INC	721,962	$28.1M	1.95%	+461	Timeline
XLISELECT SECTOR SPDR TR	400,251	$27.5M	1.91%	+165,466	Timeline
SPIBSPDR SERIES TRUST	744,013	$27.2M	1.89%	+6,330	Timeline
TLTISHARES TR	164,189	$26.9M	1.87%	-61,724	Timeline
XLFSELECT SECTOR SPDR TR	1,149,590	$26.6M	1.85%	+467,682	Timeline
EWGISHARES INC	954,640	$25.9M	1.8%	new	Timeline
VCSHVANGUARD SCOTTSDALE FDS	311,234	$25.7M	1.79%	new	Timeline
FMBFIRST TR EXCH TRADED FD III	436,042	$24M	1.67%	+17,085	Timeline
SOXXISHARES TR	77,657	$21M	1.46%	new	Timeline
BBHVANECK ETF TRUST	118,881	$19.4M	1.35%	+116,344	Timeline
SCHXSCHWAB STRATEGIC TR	258,173	$19.1M	1.33%	+1,885	Timeline
IHIISHARES TR	71,119	$18.8M	1.31%	new	Timeline
SCHPSCHWAB STRATEGIC TR	312,339	$18.7M	1.3%	+4,036	Timeline
IVVISHARES TR	59,837	$18.5M	1.29%	-3,649	Timeline
XLUSELECT SECTOR SPDR TR	293,959	$16.6M	1.15%	-32,158	Timeline
PAVEGLOBAL X FDS	868,417	$13.3M	0.92%	+765,609	Timeline
XLESELECT SECTOR SPDR TR	332,731	$12.6M	0.88%	new	Timeline
VNLAJANUS DETROIT STR TR	246,303	$12.4M	0.86%	+231,510	Timeline
FNCLFIDELITY COVINGTON TRUST	372,455	$12.3M	0.86%	new	Timeline
EWUISHARES TR	416,495	$10.7M	0.75%	-39,640	Timeline
SCHZSCHWAB STRATEGIC TR	176,926	$9.95M	0.69%	+12,264	Timeline
FLJPFRANKLIN TEMPLETON ETF TR	373,880	$9.1M	0.63%	-3,819	Timeline
DJPBARCLAYS BANK PLC	490,689	$8.63M	0.6%	-96,075	Timeline
SPYMSPDR SERIES TRUST	237,652	$8.62M	0.6%	-4,672	Timeline
AGGISHARES TR	67,624	$7.99M	0.56%	+6,553	Timeline
TIPISHARES TR	59,544	$7.32M	0.51%	-605	Timeline
SCHFSCHWAB STRATEGIC TR	216,410	$6.44M	0.45%	-2,348	Timeline
SCHASCHWAB STRATEGIC TR	79,696	$5.21M	0.36%	+1,969	Timeline
SCHMSCHWAB STRATEGIC TR	80,718	$4.25M	0.3%	+2,787	Timeline
MBBISHARES TR	30,988	$3.43M	0.24%	-711	Timeline
VEAVANGUARD TAX-MANAGED FDS	81,128	$3.15M	0.22%	-2,734	Timeline
FLGBFRANKLIN TEMPLETON ETF TR	156,278	$3.02M	0.21%	+35,620	Timeline
IJHISHARES TR	16,683	$2.97M	0.21%	-1,800	Timeline
SPDWSPDR INDEX SHS FDS	103,802	$2.87M	0.2%	+11,445	Timeline
IJRISHARES TR	41,241	$2.82M	0.2%	-1,897	Timeline
GOOGALPHABET INC	1,957	$2.77M	0.19%	0	Timeline
GOOGLALPHABET INC	1,881	$2.67M	0.19%	+2	Timeline
GSYINVESCO ACTIVELY MANAGED EXC	52,558	$2.65M	0.18%	+5,703	Timeline
VOOVANGUARD INDEX FDS	9,295	$2.63M	0.18%	+716	Timeline
SPSMSPDR SERIES TRUST	97,957	$2.6M	0.18%	+5,243	Timeline
LQDISHARES TR	18,885	$2.54M	0.18%	-1,062	Timeline
SPMDSPDR SERIES TRUST	78,897	$2.47M	0.17%	+1,251	Timeline
SCHOSCHWAB STRATEGIC TR	44,899	$2.32M	0.16%	-989,029	Timeline
GLTRABRDN PRECIOUS METALS BASKET	27,540	$2.3M	0.16%	-398	Timeline
AAPLAPPLE INC	6,175	$2.25M	0.16%	+283	Timeline
GOVTISHARES TR	79,616	$2.23M	0.15%	+2,841	Timeline
GDXVANECK ETF TRUST	60,634	$2.22M	0.15%	-309,477	Timeline
MINTPIMCO ETF TR	21,127	$2.15M	0.15%	+1,450	Timeline
TANINVESCO EXCH TRADED FD TR II	58,920	$2.13M	0.15%	new	Timeline
SCHRSCHWAB STRATEGIC TR	35,572	$2.09M	0.15%	+236	Timeline
MLPXGLOBAL X FDS	83,829	$2.09M	0.14%	new	Timeline
MUBISHARES TR	15,709	$1.81M	0.13%	-544	Timeline
iShares MSCI Frontier 100iShares MSCI Frontier 100	71,114	$1.72M	0.12%	+1,964
UBS AG JERSEY BRHUBS AG JERSEY BRH	140,131	$1.68M	0.12%	-3,223
BCIABRDN ETFS	89,647	$1.64M	0.11%	+7,713	Timeline
ITOTISHARES TR	23,290	$1.62M	0.11%	-2,100	Timeline
SCHHSCHWAB STRATEGIC TR	45,748	$1.61M	0.11%	+3,794	Timeline
IEFAISHARES TR	27,759	$1.59M	0.11%	-2,758	Timeline
ETRACS BLOOMBERG CMDY TTL R…ETRACS BLOOMBERG CMDY TTL RTNSM E…	128,610	$1.54M	0.11%	new
ITBISHARES TR	33,872	$1.5M	0.1%	-2,515	Timeline
PCYINVESCO EXCH TRADED FD TR II	51,805	$1.39M	0.1%	-462	Timeline
BWXSPDR SERIES TRUST	46,299	$1.34M	0.09%	-1,266	Timeline
IYHISHARES TR	6,084	$1.31M	0.09%	+413	Timeline
HIGHLAND FDS IHIGHLAND FDS I	82,910	$1.31M	0.09%	-1,351
IGOVISHARES TR	25,578	$1.3M	0.09%	-1,334	Timeline
SCHESCHWAB STRATEGIC TR	52,544	$1.28M	0.09%	+704	Timeline
DBJPDBX ETF TR	32,352	$1.25M	0.09%	0	Timeline
iShares Gold TrustiShares Gold Trust	73,180	$1.24M	0.09%	+847
SPYSTATE STR SPDR S&P 500 ETF T	3,960	$1.22M	0.08%	-503	Timeline
MSFTMICROSOFT CORP	5,444	$1.11M	0.08%	-506	Timeline
MKCMCCORMICK & CO INC	6,000	$1.08M	0.07%	0	Timeline
BKLNINVESCO EXCH TRADED FD TR II	48,773	$1.04M	0.07%	-1,380	Timeline
VWOBVANGUARD WHITEHALL FDS	13,037	$1.01M	0.07%	+1,179	Timeline
VWOVANGUARD INTL EQUITY INDEX F	25,450	$1.01M	0.07%	-864	Timeline
SPMBSPDR SERIES TRUST	36,057	$966K	0.07%	-734	Timeline
IEMGISHARES INC	19,909	$948K	0.07%	-1,023	Timeline
EMBISHARES TR	8,474	$926K	0.06%	-442	Timeline
VDCVANGUARD WORLD FD	6,001	$898K	0.06%	new	Timeline
HYGISHARES TR	10,870	$887K	0.06%	-708	Timeline
VNQVANGUARD INDEX FDS	11,156	$876K	0.06%	-386	Timeline
CORPPIMCO ETF TR	7,459	$852K	0.06%	-99	Timeline
HYSPIMCO ETF TR	9,254	$845K	0.06%	-8	Timeline
JNJJOHNSON & JOHNSON	5,711	$803K	0.06%	+61	Timeline
KRESPDR SERIES TRUST	20,620	$792K	0.06%	+197	Timeline
SPABSPDR SERIES TRUST	24,815	$766K	0.05%	-178	Timeline
MKC-VMCCORMICK & CO INC	4,256	$756K	0.05%	0	Timeline
VDEVANGUARD WORLD FD	14,956	$752K	0.05%	-5,392	Timeline
FRELFIDELITY COVINGTON TRUST	31,324	$732K	0.05%	-11,793	Timeline
ADBEADOBE INC	1,600	$696K	0.05%	0	Timeline
PGPROCTER & GAMBLE CO	5,782	$691K	0.05%	+13	Timeline
VTIVANGUARD INDEX FDS	4,403	$689K	0.05%	-380	Timeline
VFHVANGUARD WORLD FD	12,045	$689K	0.05%	-11,190	Timeline
SPEMSPDR INDEX SHS FDS	20,130	$674K	0.05%	+2,517	Timeline
HEDJWISDOMTREE TR	11,070	$672K	0.05%	0	Timeline
IYJISHARES TR	4,422	$667K	0.05%	new	Timeline
USDUWISDOMTREE TR	23,132	$638K	0.04%	0	Timeline
SPBOSPDR SERIES TRUST	17,958	$632K	0.04%	+1,265	Timeline
TAT&T INC	20,385	$616K	0.04%	+321	Timeline
XLRESELECT SECTOR SPDR TR	17,545	$611K	0.04%	-324,419	Timeline
IAGGISHARES TR	10,738	$598K	0.04%	+747	Timeline
SPTLSPDR SERIES TRUST	12,583	$590K	0.04%	-2,514	Timeline
JNKSPDR SERIES TRUST	5,538	$560K	0.04%	-150	Timeline
EPPISHARES INC	14,018	$557K	0.04%	+34	Timeline
BACBANK OF AMER CORP	22,951	$545K	0.04%	0	Timeline
LMBSFIRST TR EXCHANGE-TRADED FD	10,503	$543K	0.04%	0	Timeline
IVWISHARES TR	2,462	$511K	0.04%	0	Timeline
IHEISHARES TR	3,315	$510K	0.04%	0	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	2,572	$459K	0.03%	+130	Timeline
SHYISHARES TR	5,278	$457K	0.03%	-16,481	Timeline
AMZNAMAZON COM INC	165	$455K	0.03%	+2	Timeline
XOMEXXON MOBIL CORP	9,991	$447K	0.03%	-118	Timeline
USRTISHARES TR	9,301	$404K	0.03%	+521	Timeline
ONLNPROSHARES TR	7,769	$401K	0.03%	new	Timeline
ADPAUTOMATIC DATA PROCESSING IN	2,667	$397K	0.03%	-12	Timeline
VZVERIZON COMMUNICATIONS INC	6,991	$385K	0.03%	-69	Timeline
VOXVANGUARD WORLD FD	4,084	$380K	0.03%	-880	Timeline
SBRSABINE RTY TR	13,438	$372K	0.03%	0	Timeline
BABOEING CO	1,997	$366K	0.03%	+71	Timeline
MCDMCDONALDS CORP	1,981	$365K	0.03%	-14	Timeline
PEPPEPSICO INC	2,726	$361K	0.03%	-98	Timeline
IBNDSPDR SERIES TRUST	10,667	$359K	0.02%	+378	Timeline
MRKMERCK & CO INC	4,353	$337K	0.02%	-29	Timeline
SOSOUTHERN CO	6,375	$331K	0.02%	-241	Timeline
VMBSVANGUARD SCOTTSDALE FDS	6,094	$331K	0.02%	+667	Timeline
FTSLFIRST TR EXCHANGE-TRADED FD	7,305	$330K	0.02%	+523	Timeline
USHYISHARES TR	8,431	$322K	0.02%	+142	Timeline
XLBSELECT SECTOR SPDR TR	5,459	$308K	0.02%	-805	Timeline
CVSCVS HEALTH CORP	4,712	$306K	0.02%	0	Timeline
TROWPRICE T ROWE GROUP INC	2,378	$294K	0.02%	0	Timeline
VVISA INC	1,510	$292K	0.02%	0	Timeline
CLCOLGATE PALMOLIVE CO	3,779	$277K	0.02%	0	Timeline
IWFISHARES TR	1,426	$274K	0.02%	-239	Timeline
CHHCHOICE HOTELS INTL INC	3,466	$273K	0.02%	0	Timeline
PNCPNC FINL SVCS GROUP INC	2,583	$272K	0.02%	0	Timeline
SNAPSNAP INC	11,483	$270K	0.02%	0	Timeline
NEENEXTERA ENERGY INC	1,096	$263K	0.02%	-9	Timeline
SPIPSPDR SERIES TRUST	8,701	$262K	0.02%	-217	Timeline
IWBISHARES TR	1,509	$259K	0.02%	-75	Timeline
METAMETA PLATFORMS INC	1,120	$254K	0.02%	new	Timeline
IBMINTERNATIONAL BUSINESS MACHS	2,078	$251K	0.02%	-87	Timeline
GSSTGOLDMAN SACHS ETF TR	4,529	$229K	0.02%	new	Timeline
WMTWALMART INC	1,887	$226K	0.02%	+20	Timeline
CMACOMERICA INC	5,933	$226K	0.02%	new	Timeline
AOSSMITH A O CORP	4,800	$226K	0.02%	new	Timeline
DISDISNEY WALT CO	1,967	$219K	0.02%	-119	Timeline
CSCOCISCO SYS INC	4,518	$211K	0.01%	new	Timeline
VEUVANGUARD INTL EQUITY INDEX F	4,329	$206K	0.01%	new	Timeline
VIGVANGUARD SPECIALIZED FUNDS	1,729	$203K	0.01%	new	Timeline

Sold out in Q2 2020

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

Security	Shares before	Value before	Type
SPDR GOLD MINISHARES TRUSTSPDR GOLD MINISHARES TRUST	1,355,474	$21.3M	shares
SPTSSPDR SERIES TRUST	269,553	$8.28M	shares
TBLLINVESCO EXCH TRADED FD TR II	12,341	$1.31M	shares
HYLBDBX ETF TR	11,138	$491K	shares
SRLNSSGA ACTIVE ETF TR	11,349	$454K	shares
VAWVANGUARD WORLD FD	4,441	$427K	shares
VISVANGUARD WORLD FD	2,708	$299K	shares
BSVVANGUARD BD INDEX FDS	2,865	$235K	shares
GIGBGOLDMAN SACHS ETF TR	4,154	$213K	shares

How Q2 2020 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 0001504404-20-000004	base		2020-08-14	acceptance time not in the bulk data set	2026-10-07 18:52:28 UTC