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Pinnacle West Capital
PNW

411 hedge funds and large institutions have $6.05B invested in Pinnacle West Capital in 2014 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 136 increasing their positions, 146 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

435% more call options, than puts

Call options by funds: $5.23M | Put options by funds: $977K

39% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 44

25% more capital invested

Capital invested by funds: $4.85B → $6.05B (+$1.19B)

2% more funds holding

Funds holding: 402 → 411 (+9)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.26% less ownership

Funds ownership: 80.66% → 80.4% (-0.26%)

7% less repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 146

Holders
411
Holders Change
+9
Holders Change %
+2.24%
% of All Funds
10.96%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
61
Increased
136
Reduced
146
Closed
44
Calls
$5.23M
Puts
$977K
Net Calls
+$4.25M
Net Calls Change
+$1.24M

Top Buyers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
+$138M
2
BFA
BlackRock Fund Advisors
California
+$37.3M
3
State Street
State Street
Massachusetts
+$29.3M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$26.3M
5
Victory Capital Management
Victory Capital Management
Texas
+$23.3M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$58.4M
2
Franklin Resources
Franklin Resources
California
-$46.6M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$40.4M
4
ARC
Absolute Return Capital
Massachusetts
-$34.7M
5
PAMU
Pictet Asset Management (UK)
United Kingdom
-$28.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
26
Wellington Management Group
Massachusetts
$47.9M -$327K -5,261 -0.7%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$47.1M +$6.83M +109,908 +19%
PAM
28
Panagora Asset Management
Massachusetts
$45.8M +$14.7M +235,778 +54%
RCM
29
Riverhead Capital Management
Delaware
$39.1M +$539K +8,672 +2%
Goldman Sachs
30
Goldman Sachs
New York
$37.9M +$15.4M +247,477 +80%
PI
31
PGGM Investments
Netherlands
$37.6M +$77.6K +1,248 +0.2%
TCIM
32
TIAA CREF Investment Management
New York
$32.6M +$5.44M +87,532 +22%
Renaissance Technologies
33
Renaissance Technologies
New York
$31.2M +$13.4M +214,900 +89%
UBS AM
34
UBS AM
Illinois
$29.7M -$176K -2,828 -0.6%
Allianz Asset Management
35
Allianz Asset Management
Germany
$28.7M -$489K -7,872 -2%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$27.9M +$435K +7,000 +2%
JP Morgan Chase
37
JP Morgan Chase
New York
$27.7M +$19.4M +312,931 +336%
LSV Asset Management
38
LSV Asset Management
Illinois
$27.1M +$6.8M +109,500 +38%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$27M +$2.78M +44,697 +13%
AAMU
40
Amundi Asset Management US
Massachusetts
$26.7M -$46.2K -744 -0.2%
GF
41
Gabelli Funds
New York
$26.4M -$124K -2,000 -0.5%
CC
42
Chubb Corp
New Jersey
$26M – – –
Victory Capital Management
43
Victory Capital Management
Texas
$25.6M +$23.3M +374,537 New
Morgan Stanley
44
Morgan Stanley
New York
$25.4M -$6.61M -106,301 -22%
Nordea Investment Management
45
Nordea Investment Management
Sweden
$25.4M +$1.39M +22,314 +6%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$24.1M +$17.8K +286 +0.1%
CS
47
Credit Suisse
Switzerland
$23.2M +$1.95M +31,352 +10%
Charles Schwab
48
Charles Schwab
California
$23.1M +$936K +15,058 +5%
RFC
49
Regions Financial Corp
Alabama
$21.8M +$36.4K +586 +0.2%
NIMC
50
NWQ Investment Management Company
California
$20.8M +$18.9M +304,715 New
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PNW Hedge Fund Activity: Q4 2014 in Review

411 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q4 2014, worth a combined $6.05B — up 25% from $4.85B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new PNW positions and 44 closed out — a net gain of 17 holders — while 136 added to existing stakes and 146 trimmed.

The largest buyer was Bank of New York Mellon, adding an estimated $138M. The largest seller was Millennium Management, exiting entirely with an estimated $58.4M sold.

  • 411 institutional investors held Pinnacle West Capital (PNW) as of Q4 2014, up from 402 in Q3 2014.
  • Funds reported $6.05B of Pinnacle West Capital stock for Q4 2014, up 25% quarter-over-quarter.
  • 61 funds opened new Pinnacle West Capital positions in Q4 2014 and 44 closed out, a net change of +17 holders.
  • The largest Pinnacle West Capital buyer in Q4 2014 was Bank of New York Mellon, an estimated $138M added.
  • The largest Pinnacle West Capital seller in Q4 2014 was Millennium Management, an estimated $58.4M sold.

Based on aggregated 13F filings for Q4 2014.