Pinnacle West Capital
378 hedge funds and large institutions have $4.6B invested in Pinnacle West Capital in 2013 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 135 increasing their positions, 135 reducing their positions, and 33 closing their positions.
81% more call options, than puts
Call options by funds: $1.75M | Put options by funds: $963K
21% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 33
1% more funds holding
Funds holding: 373 → 378 (+5)
0.6% more ownership
Funds ownership: 75.96% → 76.56% (+0.6%)
0% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 135
1% less capital invested
Capital invested by funds: $4.63B → $4.6B (-$28M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$35.9M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$16.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.6M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$15M |
| 5 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$13.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$33.7M |
| 2 |
Bank of New York Mellon
New York
|
-$23.8M |
| 3 |
ZP
Zimmer Partners
New York
|
-$20.8M |
| 4 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$19.8M |
| 5 |
AI
Analytic Investors
Los Angeles,
California
|
-$13.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WB
401
WesBanco Bank
Wheeling,
West Virginia
| – | -$279K | -5,030 | Closed |
|
|
EMG
402
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$233K | -4,200 | Closed |
|
|
CCM
403
Cai Capital Management
New York
| – | -$224K | -4,038 | Closed |
|
|
CB
404
Commerce Bank
Kansas City,
Missouri
| – | -$231K | -3,990 | Closed |
|
|
ST
405
Sentinel Trust
Houston,
Texas
| – | -$211K | -3,800 | Closed |
|
|
SBCM
406
Silver Bridge Capital Management
Boston,
Massachusetts
| – | -$208K | -3,755 | Closed |
|
|
RMA
407
Roffman Miller Associates
Philadelphia,
Pennsylvania
| – | -$203K | -3,658 | Closed |
|
408
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$133K | -2,400 | Closed |
|
|
DBT
409
Dubuque Bank & Trust
Dubuque,
Iowa
| – | -$8K | -136 | Closed |
|
|
HF
410
Hoxton Financial
Shepherdstown,
West Virginia
| – | -$7K | -126 | Closed |
|
|
S
411
SignatureFD
Atlanta,
Georgia
| – | -$4K | -73 | Closed |
|
PNW Hedge Fund Activity: Q3 2013 in Review
378 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q3 2013, worth a combined $4.6B — down 0.6% from $4.63B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new PNW positions and 33 closed out — a net gain of 7 holders — while 135 added to existing stakes and 135 trimmed.
The largest buyer was Millennium Management, adding an estimated $35.9M. The largest seller was Adage Capital Partners, cutting an estimated $33.7M.
- 378 institutional investors held Pinnacle West Capital (PNW) as of Q3 2013, up from 373 in Q2 2013.
- Funds reported $4.6B of Pinnacle West Capital stock for Q3 2013, down 0.6% quarter-over-quarter.
- 40 funds opened new Pinnacle West Capital positions in Q3 2013 and 33 closed out, a net change of +7 holders.
- The largest Pinnacle West Capital buyer in Q3 2013 was Millennium Management, an estimated $35.9M added.
- The largest Pinnacle West Capital seller in Q3 2013 was Adage Capital Partners, an estimated $33.7M sold.
Based on aggregated 13F filings for Q3 2013.