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Pinnacle West Capital
PNW

407 hedge funds and large institutions have $5.53B invested in Pinnacle West Capital in 2015 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 146 increasing their positions, 150 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more call options, than puts

Call options by funds: $4.52M | Put options by funds: $2.74M

2% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 41

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less funds holding

Funds holding: 411 → 407 (-4)

3% less repeat investments, than reductions

Existing positions increased: 146 | Existing positions reduced: 150

1.79% less ownership

Funds ownership: 80.4% → 78.61% (-1.8%)

9% less capital invested

Capital invested by funds: $6.05B → $5.53B (-$517M)

Holders
407
Holders Change
-4
Holders Change %
-0.97%
% of All Funds
10.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
42
Increased
146
Reduced
150
Closed
41
Calls
$4.52M
Puts
$2.74M
Net Calls
+$1.78M
Net Calls Change
-$2.47M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$71.9M
2
Millennium Management
Millennium Management
New York
+$70M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$47.3M
4
JHIU
Janus Henderson Investors US
Colorado
+$25M
5
Deutsche Bank
Deutsche Bank
Germany
+$21.6M

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$143M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$75.9M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$68.4M
4
WHRC
W.H. Reaves & Co
New Jersey
-$37.5M
5
BFA
BlackRock Fund Advisors
California
-$30.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
26
Wellington Management Group
Massachusetts
$44.5M -$271K -4,064 -0.6%
Goldman Sachs
27
Goldman Sachs
New York
$41.6M +$6.45M +96,690 +17%
Morgan Stanley
28
Morgan Stanley
New York
$37M +$13.9M +208,156 +56%
WHRC
29
W.H. Reaves & Co
New Jersey
$36M -$37.5M -561,707 -50%
Fidelity Investments
30
Fidelity Investments
Massachusetts
$35.8M -$75.9M -1,137,004 -67%
RCM
31
Riverhead Capital Management
Delaware
$35.7M -$825K -12,356 -2%
Deutsche Bank
32
Deutsche Bank
Germany
$35.5M +$21.6M +323,499 +138%
First Trust Advisors
33
First Trust Advisors
Illinois
$31.2M -$25M -374,476 -43%
PI
34
PGGM Investments
Netherlands
$31M -$4.25M -63,644 -12%
Allianz Asset Management
35
Allianz Asset Management
Germany
$29.4M +$2.76M +41,422 +10%
NIMC
36
NWQ Investment Management Company
California
$28M +$8.95M +134,168 +44%
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$27.9M – – –
UBS AM
38
UBS AM
Illinois
$26.6M -$1.12M -16,827 -4%
TCIM
39
TIAA CREF Investment Management
New York
$26.4M -$4.21M -63,105 -13%
N
40
Nuveen
North Carolina
$25.9M +$9.57M +143,407 +54%
Renaissance Technologies
41
Renaissance Technologies
New York
$25M -$4.31M -64,500 -14%
LSV Asset Management
42
LSV Asset Management
Illinois
$25M -$280K -4,200 -1%
JHIU
43
Janus Henderson Investors US
Colorado
$24.8M +$25M +374,200 +2,599%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$24.5M -$722K -10,814 -3%
CC
45
Chubb Corp
New Jersey
$24.2M – – –
Victory Capital Management
46
Victory Capital Management
Texas
$23.2M -$727K -10,899 -3%
Charles Schwab
47
Charles Schwab
California
$23.1M +$1.61M +24,181 +7%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$22.8M +$292K +4,375 +1%
GF
49
Gabelli Funds
New York
$22.6M -$2.14M -32,000 -8%
ARC
50
Absolute Return Capital
Massachusetts
$22.4M +$15.8M +236,736 +207%
1
2
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PNW Hedge Fund Activity: Q1 2015 in Review

407 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q1 2015, worth a combined $5.53B — down 8.6% from $6.05B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new PNW positions and 41 closed out — a net gain of 1 holder — while 146 added to existing stakes and 150 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $71.9M. The largest seller was Adage Capital Partners, cutting an estimated $143M.

  • 407 institutional investors held Pinnacle West Capital (PNW) as of Q1 2015, down from 411 in Q4 2014.
  • Funds reported $5.53B of Pinnacle West Capital stock for Q1 2015, down 8.6% quarter-over-quarter.
  • 42 funds opened new Pinnacle West Capital positions in Q1 2015 and 41 closed out, a net change of +1 holder.
  • The largest Pinnacle West Capital buyer in Q1 2015 was JP Morgan Chase, an estimated $71.9M added.
  • The largest Pinnacle West Capital seller in Q1 2015 was Adage Capital Partners, an estimated $143M sold.

Based on aggregated 13F filings for Q1 2015.