Super PAC (Independent Expenditure-Only)
Pine Tree Results PAC
FEC committee C00894709. Last filed October 15, 2026.
FEC C00894709Last filed 2026-10-15Totals through 2026-09-30
The short version
- Raised $26.8M and spent $24.2M in the 2026 cycle, through September 30, 2026.
- Biggest target: $14.8M opposing Troy Jackson.
- $21.6M in general election independent expenditures reported in 24 and 48 hour notices.
- Largest donor on record: Stronger America, Inc. (Organization), $3.0M.
What it is
Pine Tree Results PAC is registered with the FEC as a super PAC, connected to Collins Victory Committee. In 2026 it has reported $25.6M in independent expenditures across 1 races, 100% of it helping Republicans.
A super PAC can raise unlimited amounts from individuals, companies, unions and other groups. It cannot give money directly to candidates or coordinate its spending with them. It spends independently, mostly on ads.
Who is behind it
Formed to support Sen. Susan Collins' reelection; FEC registration lists Collins Victory Committee (a joint fundraising committee) as affiliated; Bangor Daily News reports it is led by Scott Reed Source
Issues it says it stands for
- Taxes: ads say Democratic nominee Troy Jackson supports taxing Social Security benefits and voted for higher property taxes (Bangor Daily News found the Social Security claim misrepresents his position)
Source: www.bangordailynews.com. These are the group's own stated positions or the subjects of its ads as reported, not an FEC record.
Registration
| Type | Super PAC (Independent Expenditure-Only) |
|---|---|
| Connected organization | Collins Victory Committee |
| Treasurer | Koch, Theodore V |
| Registered in | Virginia |
| First filed with the FEC | January 3, 2025 |
| Website | www.pinetreeresults.com |
Who it supports and opposes
Independent expenditures from its 24 and 48 hour notices, 2026 cycle.
| Position | Candidate | Race | General | Primary or other |
|---|---|---|---|---|
| Oppose | Troy Jackson D | ME Senate | $14.8M | $0 |
| Oppose | Graham Platner D | ME Senate | $6.7M | $4.0M |
Direct contributions to candidates
| Recipient | Given | Checks |
|---|---|---|
| Srcp Media, Inc. | $1.9M | 1 |
| The Morning Group | $1.1M | 15 |
| Fabrizio, Lee & Associates, LLC | $160K | 3 |
| Koch & Hoos, LLC | $95K | 18 |
| Deep Root Analytics, LLC | $75K | 3 |
| Three Arbor Insurance | $66K | 1 |
| Dhillon Law Group, Inc. | $53K | 10 |
| Wiley Rein Llp | $24K | 1 |
| Irs | $16K | 1 |
| Anedot, Inc. | $10K | 15 |
| US Postal Service | $476 | 2 |
| Philadelphia Insurance Companies | $300 | 1 |
Largest itemized contributions processed by the FEC, 2026 cycle.
Who funds it
Donor mix
| Source | Amount | Share |
|---|---|---|
| Small donors, $200 or less (not named) | $216 | 0% |
| Individuals giving over $200 (named) | $26.0M | 97% |
| PACs and other political committees | $55K | 0% |
| Transfers from affiliated committees | $495K | 2% |
| Other receipts (companies, nonprofits, a hybrid PAC's unlimited account) | $273K | 1% |
| Total raised | $26.8M | 100% |
FEC committee totals, 2026 cycle, through September 30, 2026. The 10 largest donors include recent electronic filings, so their share can run ahead of these totals.
Largest named donors
| Donor | Type | Given | Checks |
|---|---|---|---|
| Stronger America, Inc. | Organization No donor disclosure | $3.0M | 1 |
| Kenneth C Griffin Citadel | Individual | $2.5M | 1 |
| Stephen Schwarzman Blackstone | Individual | $2.0M | 1 |
| Lexington Fund | Organization No donor disclosure | $1.2M | 2 |
| James S. Davis New Balance | Individual | $1.0M | 1 |
| Stephen a. Schwarzman Blackstone | Individual | $1.0M | 1 |
| Paul Singer Elliott Investor Management | Individual | $1.0M | 2 |
| M. Jude Reyes Reyes Holdings LLC | Individual | $1.0M | 2 |
| J. Christopher Reyes Reyes Holdings LLC | Individual | $1.0M | 2 |
| Stronger America, Inc. | Organization No donor disclosure Recent filing | $1.0M | 1 |
| Stephen A. Schwarzman Blackstone | Individual Recent filing | $1.0M | 1 |
| Anthony B. Davis Linden Capital Partners | Individual | $750K | 1 |
| Condorcet Initiative Corp | Organization No donor disclosure | $500K | 2 |
| Louis M. Bacon Moore Capital Management | Individual | $500K | 1 |
| John Malone Liberty Media Et Al | Individual | $500K | 1 |
| Michael J Leffell Portage Partners | Individual Recent filing | $500K | 1 |
| Marjorie B. Buckley Retired | Individual Recent filing | $500K | 1 |
| Collins Victory Committee FEC | PAC Recent filing | $462K | 8 |
| Daniel Sundheim D1 Capital Partners | Individual | $250K | 1 |
| Leon Rachel Corp | Organization No donor disclosure | $250K | 1 |
| Jonathan D. Gray Blackstone | Individual | $250K | 1 |
| Ardleigh Impact Corporation | Organization No donor disclosure | $250K | 1 |
| William Oberndorf Oberndorf Enterprises | Individual | $250K | 2 |
| John W. Childs Jw Childs & Associates | Individual | $250K | 2 |
| John Peter Rickets U.S. Senate | Individual Recent filing | $250K | 1 |
Built from the 100 largest itemized receipts processed by the FEC through June 30, 2026, plus the largest receipts in reports filed electronically through September 30, 2026 (marked "Recent filing").
Where its individual donors work
| Employer | Given | Donations |
|---|---|---|
| Null | $5.8M | 23 |
| Blackstone | $3.2M | 3 |
| Citadel | $2.5M | 2 |
| Reyes Holdings LLC | $2.0M | 6 |
| New Balance | $1.0M | 2 |
| Elliott Investor Management | $1.0M | 2 |
| Linden Capital Partners | $750K | 1 |
| Moore Capital Management | $500K | 1 |
| Liberty Media Et Al | $500K | 1 |
| D1 Capital Partners | $250K | 1 |
Employer as reported by each donor, 2026 cycle, FEC processed totals. Retired, self employed and not employed donors are not shown.
Donors marked "No donor disclosure" are companies, LLCs or nonprofits. Unless they are themselves political committees, they do not have to report where their money came from. The disclosed trail ends there.
Primary Sources
- FEC committee page: fec.gov/data/committee/C00894709
- FEC filings: all reports filed by Pine Tree Results PAC
- Independent expenditures: fec.gov
- Receipts: fec.gov