# Pine Tree Results PAC A super PAC formed in early 2025 to support incumbent Republican Senator [[Susan Collins]] in the [[ME-Sen-2026]] race. FEC committee **C00894709**. > [!info] Corrected 2026-10-01 > This page described the PAC as spending against "Democratic challenger [[Graham Platner]]" from > 2026-06-07 until 2026-10-01 — **eleven weeks after that stopped being true.** Platner won the June 9 > primary, withdrew on **July 10, 2026**, and **[[Troy Jackson]]** was nominated at the **July 25** > replacement convention. The error survived because this page was a stub while the race file it links from > was kept current. ## Current opponent and spending The PAC's independent expenditures now run **against [[Troy Jackson]]**, the Democratic nominee. | Filing | Received | Amount | Direction | Vendor | Purpose | |---|---|---|---|---|---| | **Form 24, file 2015526** | 2026-09-29 12:30:53 | **$1,944,923.00** | oppose [[Troy Jackson]] | SRCP Media Inc. | Media production and placement, expenditure dated 2026-09-29 | | **Form 24, file 2017394** | **2026-10-06** | **$1,797,198.00** | oppose [[Troy Jackson]] | SRCP Media Inc. | **One single line**, expenditure dated 2026-10-06; signed by treasurer Theodore V. Koch, PO Box 525 Alexandria VA | | Form 24, file 2010355 | 2026-09-01 | — | — | — | Previous notice; the committee filed nothing between it and September 29 | **Derived total across the two read notices: $3,742,121.00**, both against [[Troy Jackson]], both placed entirely through **SRCP Media Inc.** — a single-vendor book. ### The aggregate moved by exactly the new line, which tells you something File 2017394's aggregate column reads **$19,759,814.00** against file 2015526's **$17,962,616.00**. The difference is **$1,797,198.00** — **exactly** the new line. So this filer increments the aggregate by the row, which rules out the "end-state total back-stamped onto every row" pattern and is consistent with a committee-wide or per-candidate running total. 🔴 **This does not make the aggregate publishable.** Rule 4c's objection stands: two single-line documents still cannot distinguish a committee-wide running total from a per-candidate one, and the two readings mean different things. What the increment does establish is that the column is *live* rather than static, which is a property of the filer, not a quantity about the race. Derive race totals by summing notices. The September 29 buy was **the committee's largest disclosed single line** until 2026-10-06 came within $148,000 of it. It was nearly $2M placed five weeks before election day in a race Cook moved to **Toss Up** on September 23. Its last periodic report (file **1992900**, coverage 2026-05-21 to 2026-06-30) showed **$4,523,045.13 received** against **$7,084,804.59 disbursed** — it was spending faster than it was raising through the start of summer. > [!warning] Do not publish the $17,962,616.00 aggregate > The September 29 line carries a running aggregate of **$17,962,616.00**, and the 2026-10-06 line > **$19,759,814.00**. Under FEC Back-Sweep Standard > **Rule 4c** that figure cannot be stated as a cycle total, an anti-Jackson total or a ME-Sen total: it is > a single-row document, so there is no way to tell which of the three filer patterns populated the column. > Derive any total by summing the committee's own notices and cite the file numbers. ## Donors Through the end of **March 2026** the PAC had raised roughly **$12.7 million** — a figure that is now six months old and should be re-derived from the periodic reports rather than carried forward. Nearly all of it came from wealthy individuals, corporations and dark-money nonprofits. The donor roster is a who's-who of the finance-and-tech right tracked elsewhere in this KB: Apollo CEO [[Marc Rowan]], Blackstone CEO [[Stephen Schwarzman]], Elliott Management's [[Paul Singer]], Palantir CEO [[Alex Karp]], cable magnate John Malone, and hedge-fund manager Louis Bacon. The Rowan contribution drew particular scrutiny because Apollo's management of Verso Corp. preceded the bankruptcy that shuttered Maine paper mills — the mill towns that were central to Platner's anti-oligarchy campaign and remain central to Jackson's. Jackson is a former Allagash logger from Aroostook County, so the argument did not leave the race with Platner; it arguably got more local. ## See Also - [[ME-Sen-2026]] · [[Susan Collins]] · [[Troy Jackson]] · [[Graham Platner]] - [[Marc Rowan]] · [[Stephen Schwarzman]] · [[Paul Singer]] · [[Alex Karp]] - [[Independent Expenditure]] · [[Super PACs]] · [[Dark Money]] - [[Organizations Hub]]