BlackRock Fund Advisors’s Pinnacle West Capital PNW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	$452M	Buy	5,790,673 +228,332	+4%	+$17.1M	0.08%	234
2016 Q3	$423M	Buy	5,562,341 +225,302	+4%	+$17.5M	0.09%	224
2016 Q2	$433M	Buy	5,337,039 +400,102	+8%	+$29.8M	0.1%	203
2016 Q1	$371M	Sell	4,936,937 -215,553	-4%	-$14.7M	0.09%	225
2015 Q4	$332M	Buy	5,152,490 +231,269	+5%	+$14.7M	0.08%	260
2015 Q3	$316M	Sell	4,921,221 -44,360	-0.9%	-$2.71M	0.08%	239
2015 Q2	$282M	Sell	4,965,581 -166,147	-3%	-$10M	0.07%	308
2015 Q1	$327M	Sell	5,131,728 -459,051	-8%	-$30.6M	0.08%	266
2014 Q4	$382M	Buy	5,590,779 +600,506	+12%	+$37.3M	0.09%	200
2014 Q3	$273M	Sell	4,990,273 -192,820	-4%	-$10.7M	0.08%	259
2014 Q2	$300M	Buy	5,183,093 +493,912	+11%	+$27.3M	0.08%	232
2014 Q1	$256M	Buy	4,689,181 +6,054	+0.1%	+$324K	0.08%	261
2013 Q4	$248M	Buy	4,683,127 +201,178	+4%	+$11M	0.08%	271
2013 Q3	$245M	Buy	4,481,949 +31,007	+0.7%	+$1.74M	0.08%	228
2013 Q2	$247M	Buy	+4,450,942	New	+$258M	0.09%	210