Rafferty Asset Management Boosts Pinnacle Financial Partners Stake

Asset management firm increases holdings in Tennessee-based financial services provider by 47.4%

Published on Mar. 2, 2026

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Rafferty Asset Management LLC raised its holdings in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 47.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund now owns 110,370 shares of the financial services provider's stock, worth approximately $10.35 million.

Why it matters

Pinnacle Financial Partners is a prominent regional bank based in Nashville, Tennessee, serving commercial and consumer clients across the Southeast. The increase in Rafferty's stake suggests institutional investors see growth potential in the company, which has expanded its footprint and service offerings in recent years.

The details

According to the 13F filing, Rafferty Asset Management acquired an additional 35,470 shares of Pinnacle Financial Partners in the 3rd quarter, bringing its total holdings to 110,370 shares. This represents approximately 0.14% of the company's outstanding stock. Pinnacle Financial Partners provides a range of banking, wealth management, and insurance services to businesses and individuals across Tennessee and surrounding states.

  • Rafferty Asset Management increased its Pinnacle Financial Partners stake in the 3rd quarter of 2026.

The players

Rafferty Asset Management LLC

An asset management firm that has increased its holdings in Pinnacle Financial Partners, a Tennessee-based financial services provider.

Pinnacle Financial Partners, Inc.

A regional bank headquartered in Nashville, Tennessee that provides commercial and consumer banking, wealth management, and insurance services across the Southeast.

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The takeaway

The increase in Rafferty Asset Management's stake in Pinnacle Financial Partners suggests institutional investors see growth potential in the regional bank, which has expanded its presence and service offerings in recent years.