Archipel Asset Management’s Pinnacle West Capital PNW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-112,142	Closed	-$6.49M	–	140
2014 Q2	$6.49M	Buy	+112,142	New	+$6.49M	1.62%	38
2014 Q1	–	Sell	-105,260	Closed	-$5.58M	–	91
2013 Q4	$5.58M	Buy	+105,260	New	+$5.58M	1.56%	32