Pingora Partners LLC
Pingora Partners LLC, managed by Michael P. Lau, reported 182 positions worth $171.27M in its 2026 Q2 13F filing: 5 new and 9 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +40.3% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | -1.1% | +11.4% |
| 2025 Q3 | +13.2% | +7.6% |
| 2025 Q4 | +6.6% | +3.1% |
| 2026 Q1 | +16.3% | -5.8% |
| 2026 Q2 | +1.1% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| FTAI | FTAI AVIATION LTD | $51.70M | 30.20% | +0.2% |
| CRGY | CRESCENT ENERGY COMPANY | $11.08M | 6.50% | +1% |
| FIP | FTAI INFRASTRUCTURE INC | $9.72M | 5.70% | +2% |
| DVN | DEVON ENERGY CORP NEW | $4.57M | 2.70% | +601.1% |
| DINO | HF SINCLAIR CORP | $3.89M | 2.30% | -2.8% |
| BABA | ALIBABA GROUP HLDG LTD | $3.44M | 2.00% | +0.4% |
| BA | BOEING CO | $3.22M | 1.90% | -0.2% |
| KHC | KRAFT HEINZ CO | $3.18M | 1.90% | +49.9% |
| ET | ENERGY TRANSFER L P | $3.10M | 1.80% | NO CHANGE |
| KRP | KIMBELL RTY PARTNERS LP | $2.93M | 1.70% | NO CHANGE |
| T | AT&T INC | $2.70M | 1.60% | -0.1% |
| FCX | FREEPORT MCMORAN INC | $2.55M | 1.50% | -0.5% |
| AAPL | APPLE INC | $2.54M | 1.50% | NO CHANGE |
| IBM | INTERNATIONAL BUSINESS MACHS | $2.27M | 1.30% | NO CHANGE |
| XOM | EXXON MOBIL CORP | $2.19M | 1.30% | NO CHANGE |
| PFE | PFIZER INC | $2.16M | 1.30% | NO CHANGE |
| TDAY | USA TODAY CO INC | $2.16M | 1.30% | -0.4% |
| CSCO | CISCO SYS INC | $2.15M | 1.30% | -2.7% |
| MU | MICRON TECHNOLOGY INC | $2.12M | 1.20% | -2.4% |
| META | META PLATFORMS INC | $2.05M | 1.20% | NO CHANGE |
| SBSI | SOUTHSIDE BANCSHARES INC | $2.05M | 1.20% | -5.5% |
| BMY | BRISTOL-MYERS SQUIBB CO | $1.95M | 1.10% | NO CHANGE |
| LLY | ELI LILLY & CO | $1.92M | 1.10% | NO CHANGE |
| AMZN | AMAZON COM INC | $1.87M | 1.10% | NO CHANGE |
| PVL | PERMIANVILLE RTY TR | $1.84M | 1.10% | +0.3% |
| MPLX | MPLX LP | $1.70M | 0.99% | NO CHANGE |
| KMI | KINDER MORGAN INC DEL | $1.70M | 0.99% | NO CHANGE |
| MRK | MERCK & CO INC | $1.65M | 0.97% | NO CHANGE |
| MSFT | MICROSOFT CORP | $1.34M | 0.78% | NO CHANGE |
| COIN | COINBASE GLOBAL INC | $1.33M | 0.77% | +4.9% |
| AKAM | AKAMAI TECHNOLOGIES INC | $1.33M | 0.78% | -6.4% |
| JNJ | JOHNSON & JOHNSON | $1.26M | 0.74% | NO CHANGE |
| PTEN | PATTERSON-UTI ENERGY INC | $1.24M | 0.72% | -4.9% |
| AMD | ADVANCED MICRO DEVICES INC | $1.02M | 0.59% | -1.8% |
| CVX | CHEVRON CORPORATION | $1.01M | 0.59% | +4.5% |
| DIS | DISNEY WALT CO | $946.72K | 0.55% | -0.9% |
| ACN | ACCENTURE PLC IRELAND | $936.41K | 0.55% | +7.1% |
| GOOGL | ALPHABET INC | $911.29K | 0.53% | NO CHANGE |
| MCD | MCDONALDS CORP | $900.67K | 0.53% | NO CHANGE |
| GIS | GENERAL MILLS INC | $889.14K | 0.52% | +3% |
| INDA | ISHARES TR | $887.04K | 0.52% | +100.2% |
| OKTA | OKTA INC | $876.01K | 0.51% | NO CHANGE |
| GOOG | ALPHABET INC | $851.52K | 0.50% | NO CHANGE |
| CAT | CATERPILLAR INC | $798.67K | 0.47% | NO CHANGE |
| SHEL | SHELL PLC | $788.58K | 0.46% | NO CHANGE |
| MDT | MEDTRONIC PLC | $704.07K | 0.41% | NO CHANGE |
| ORCL | ORACLE CORP | $688.78K | 0.40% | +1.1% |
| NWL | NEWELL BRANDS INC | $602.09K | 0.35% | +222.2% |
| BKD | BROOKDALE SR LIVING INC | $580.85K | 0.34% | -24.8% |
| PG | PROCTER & GAMBLE CO | $576.59K | 0.34% | +8.6% |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.