Pinnacle Asset Management, L.P.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 126487
· SEC file 801-62150
· New York, NY
· WWW.PINNACLE-LP.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $8.9B
- Discretionary
- $8.9B
- Clients
- 27
- Avg AUM / client
- $329M
- Accounts
- 27
- Employees
- 23
AUM over time
$2.2B
$8.9B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 27 | $8.9B | 100.0% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $9.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pinnacle Natural Resources, L.P. master | Hedge Fund | Delaware | $2.7B | 112 |
| Waystone Qiaif Platform Icav Gravitas Fund | Hedge Fund | Ireland | $2.7B | 1 |
| Waystone Qiaif Platform Icav Montes Fund | Hedge Fund | Ireland | $1.5B | 1 |
| Pinnacle Physicals & Financing Master, Ltd. master | Hedge Fund | Cayman Islands | $689M | 29 |
| Pinnacle Six One Commodities, Llc master | Hedge Fund | Delaware | $565M | 22 |
| Pinnacle Viserion Agriculture International, Llc master | Hedge Fund | Delaware | $485M | 21 |
| Pinnacle Arcadia Cattle Partners Fund, L.P. master | Hedge Fund | Delaware | $482M | 54 |
| Pinnacle Pacific Energy Trading Limited Partnership | Hedge Fund | Cayman Islands | $235M | 4 |
| Pinnacle Opportunity, Lp | Hedge Fund | Delaware | $83.2M | 58 |
| Pinnacle Merritt Point Commodity Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $63.4M | 1 |
| P Fund L.P. D/B/A Pinnacle Fund | Hedge Fund | Delaware | $18.0K | 0 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Hospice Endowment Trust Fund Of Phoenix Arizona EIN 942856701 | Phoenix, AZ | 09/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| International Brotherhood Of Electrical Workers Local Union 98 Pension Plan Board Of Trustees International Brotherh Electrical Workers Pension Pl | 2024 | |
| Ufcw No. California Employers Joint Pension Plan Board Of Trustees, Ufcw No. California Employers Joint Pension Plan | 2024 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Goergen, Robert, B. (Mi Only) | Trustee | Sep 1991 (35y) | GP / trustee / elected manager of Robert B. Goergen Living Trust (indirect) | |
| Lee, John, Joseph | Chief Financial Officer | Jun 2003 (23y) | Less than 5% | |
| Segalas, Donnell, Anthony | Managing Partner/Chief Executive Officer/Limited Partner | Dec 2003 (23y) | Less than 5% | |
| Massimb, Marcel, N | Managing Director, Research And Risk Management/Limited Partner | May 2004 (22y) | 5% – 10% | |
| Kellman, Jason, M | Managing Partner/Chief Investment Officer/Limited Partner | Dec 2005 (21y) | 25% – 50% | |
| Kellman, Scott, Lee | Managing Partner/Limited Partner | Mar 2006 (20y) | 10% – 25% | |
| Faenza, Timothy, Peter | Chief Compliance Officer/Vice President Of Finance | Jan 2008 (19y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ngi Strategic Holdings (A) Lp | Limited Partner | Feb 2021 | A | 10% – 25% |
| Ram Peak, Llc | Limited Partner | Dec 2013 | A | 10% – 25% |
| Pinnacle Asset Management, Llc | General Partner | Jul 2003 | A | Less than 5% |
| Ngi Strategic Holdings Ii, Inc. | Limited Partner | Feb 2021 | B | ≈ 7.5% – 25% via Ngi Strategic Holdings (A) Lp |
| Ngi Strategic Holdings I, Inc. | Shareholder | Feb 2021 | B | ≈ 5.63% – 25% via Ngi Strategic Holdings Ii, Inc. |
| Navigator Global Investments Limited | Shareholder | Feb 2021 | B | ≈ 4.22% – 25% via Ngi Strategic Holdings I, Inc. |
| Ropart Investments, Llc | Member | Apr 2012 | B | ≈ 5% – 18.75% via Ram Peak, Llc |
| Robert B. Goergen Living Trust | Member | Dec 1994 | B | ≈ 1.25% – 9.38% via Ropart Investments, Llc |
| Ngi Strategic Holdings Gp Llc | General Partner | Feb 2021 | B | GP / trustee / elected manager of Ngi Strategic Holdings (A) Lp (indirect) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ngi Strategic Holdings Ii, Inc.: 75% – 100% of Ngi Strategic Holdings (A) Lp × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Ngi Strategic Holdings I, Inc.: 75% – 100% of Ngi Strategic Holdings Ii, Inc. × 75% – 100% of Ngi Strategic Holdings (A) Lp × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Navigator Global Investments Limited: 75% – 100% of Ngi Strategic Holdings I, Inc. × 75% – 100% of Ngi Strategic Holdings Ii, Inc. × 75% – 100% of Ngi Strategic Holdings (A) Lp × 10% – 25% direct ≈ 4.22% – 25% of the firm
- Ropart Investments, Llc: 50% – 75% of Ram Peak, Llc × 10% – 25% direct ≈ 5% – 18.75% of the firm
- Robert B. Goergen Living Trust: 25% – 50% of Ropart Investments, Llc × 50% – 75% of Ram Peak, Llc × 10% – 25% direct ≈ 1.25% – 9.38% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (11, $9.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Pinnacle Natural Resources, L.P. | Hedge Fund | $2.7B | $1.0M | 112 |
| Waystone Qiaif Platform Icav Gravitas Fund | Hedge Fund | $2.7B | $1.0M | 1 |
| Waystone Qiaif Platform Icav Montes Fund | Hedge Fund | $1.5B | $1.0M | 1 |
| Pinnacle Physicals & Financing Master, Ltd. | Hedge Fund | $689M | $1.0M | 29 |
| Pinnacle Six One Commodities, Llc | Hedge Fund | $565M | $1.0M | 22 |
| Pinnacle Viserion Agriculture International, Llc | Hedge Fund | $485M | $1.0M | 21 |
| Pinnacle Arcadia Cattle Partners Fund, L.P. | Hedge Fund | $482M | $1.0M | 54 |
| Pinnacle Pacific Energy Trading Limited Partnership | Hedge Fund | $235M | $1.0M | 4 |
| Pinnacle Opportunity, Lp | Hedge Fund | $83.2M | $1.0M | 58 |
| Pinnacle Merritt Point Commodity Master Fund, Ltd. | Hedge Fund | $63.4M | $1.0M | 1 |
| P Fund L.P. D/B/A Pinnacle Fund | Hedge Fund | $18.0K | $1.0M | 0 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| International Brotherhood Of Electrical Workers Local Union 98 Pension Plan | Board Of Trustees International Brotherh Electrical Workers Pension Pl | 2,508 | $624M | 01/01/2024 |
| Ufcw No. California Employers Joint Pension Plan | Board Of Trustees, Ufcw No. California Employers Joint Pension Plan | 39,903 | $2.9B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Hospice Endowment Trust Fund Of Phoenix Arizona | Public charity | $816M | 09/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 4.23 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • FEE SHARING
Services
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗