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Pinnacle West Capital
PNW

516 hedge funds and large institutions have $9.25B invested in Pinnacle West Capital in 2019 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 203 increasing their positions, 155 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 203 | Existing positions reduced: 155

14% more capital invested

Capital invested by funds: $8.14B → $9.25B (+$1.11B)

2% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 59

0.74% more ownership

Funds ownership: 85.58% → 86.32% (+0.74%)

1% less funds holding

Funds holding: 521 → 516 (-5)

20% less call options, than puts

Call options by funds: $11.6M | Put options by funds: $14.5M

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
516
Holders Change
-5
Holders Change %
-0.96%
% of All Funds
11.17%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.06%
New
60
Increased
203
Reduced
155
Closed
59
Calls
$11.6M
Puts
$14.5M
Net Calls
-$2.94M
Net Calls Change
-$6.18M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$73.6M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$69.4M
3
American Century Companies
American Century Companies
Missouri
+$59.1M
4
Wells Fargo
Wells Fargo
California
+$50.5M
5
PAM
Panagora Asset Management
Massachusetts
+$47.9M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$124M
2
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
-$57.4M
3
Renaissance Technologies
Renaissance Technologies
New York
-$42.1M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$39.2M
5
Cohen & Steers
Cohen & Steers
New York
-$32.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bessemer Group
26
Bessemer Group
New Jersey
$67.7M +$1.69M +18,777 +3%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$66.4M +$10.5M +116,099 +20%
PAM
28
Panagora Asset Management
Massachusetts
$62.9M +$47.9M +530,867 +416%
Janus Henderson Group
29
Janus Henderson Group
United Kingdom
$58M +$41.3M +457,882 +308%
Millennium Management
30
Millennium Management
New York
$57.4M -$26.4M -292,089 -33%
Bank of America
31
Bank of America
North Carolina
$56.3M +$12.8M +142,168 +32%
PPA
32
Parametric Portfolio Associates
Washington
$54.7M +$2.43M +26,940 +5%
UBS AM
33
UBS AM
Illinois
$52.1M -$1.93M -21,438 -4%
First Trust Advisors
34
First Trust Advisors
Illinois
$49.8M -$228K -2,525 -0.5%
Fidelity Investments
35
Fidelity Investments
Massachusetts
$48.4M -$39.2M -434,527 -46%
Sumitomo Mitsui Trust Group
36
Sumitomo Mitsui Trust Group
Japan
$46.9M +$914K +10,129 +2%
Dimensional Fund Advisors
37
Dimensional Fund Advisors
Texas
$46.8M +$493K +5,467 +1%
TA
38
Teachers Advisors
New York
$44.6M -$4.76M -52,734 -10%
Swiss National Bank
39
Swiss National Bank
Switzerland
$44.1M +$1.13M +12,500 +3%
Morgan Stanley
40
Morgan Stanley
New York
$43.7M +$8.95M +99,153 +28%
BC
41
Brookfield Corp
Ontario, Canada
$42.5M +$10.9M +120,506 +37%
Deutsche Bank
42
Deutsche Bank
Germany
$36.4M -$13M -143,699 -27%
WHRC
43
W.H. Reaves & Co
New Jersey
$36M +$650K +7,200 +2%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$35.4M +$3.06M +33,926 +10%
GF
45
Gabelli Funds
New York
$33.1M – – –
ECM
46
ExodusPoint Capital Management
New York
$30.6M +$15.2M +168,953 +112%
Canada Pension Plan Investment Board
47
Canada Pension Plan Investment Board
Ontario, Canada
$29.2M -$21.1M -234,360 -43%
Victory Capital Management
48
Victory Capital Management
Texas
$28.9M -$10.3M -114,132 -27%
PCA
49
Personal Capital Advisors
California
$28.3M +$1.74M +19,252 +7%
Man Group
50
Man Group
United Kingdom
$27.8M -$1.97M -21,859 -7%
1
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PNW Hedge Fund Activity: Q1 2019 in Review

516 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q1 2019, worth a combined $9.25B — up 14% from $8.14B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new PNW positions and 59 closed out — a net gain of 1 holder — while 203 added to existing stakes and 155 trimmed.

The largest buyer was Vanguard Group, adding an estimated $73.6M. The largest seller was BlackRock, cutting an estimated $124M.

  • 516 institutional investors held Pinnacle West Capital (PNW) as of Q1 2019, down from 521 in Q4 2018.
  • Funds reported $9.25B of Pinnacle West Capital stock for Q1 2019, up 14% quarter-over-quarter.
  • 60 funds opened new Pinnacle West Capital positions in Q1 2019 and 59 closed out, a net change of +1 holder.
  • The largest Pinnacle West Capital buyer in Q1 2019 was Vanguard Group, an estimated $73.6M added.
  • The largest Pinnacle West Capital seller in Q1 2019 was BlackRock, an estimated $124M sold.

Based on aggregated 13F filings for Q1 2019.