Pinnacle West Capital
524 hedge funds and large institutions have $7.99B invested in Pinnacle West Capital in 2023 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 159 increasing their positions, 202 reducing their positions, and 40 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
46% more call options, than puts
Call options by funds: $19.1M | Put options by funds: $13.1M
13% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 40
3% more capital invested
Capital invested by funds: $7.76B → $7.99B (+$230M)
1% more funds holding
Funds holding: 521 → 524 (+3)
0.58% less ownership
Funds ownership: 87.14% → 86.56% (-0.58%)
21% less repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 202
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$107M |
| 2 |
WHRC
W.H. Reaves & Co
Jersey City,
New Jersey
|
+$57.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$34.7M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$31.3M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$21.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$52.7M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$52.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$43M |
| 4 |
Lazard Asset Management
New York
|
-$39.9M |
| 5 |
BlackRock
New York
|
-$19.1M |
PNW Hedge Fund Activity: Q2 2023 in Review
524 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q2 2023, worth a combined $7.99B — up 3% from $7.76B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new PNW positions and 40 closed out — a net gain of 5 holders — while 159 added to existing stakes and 202 trimmed.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $107M. The largest seller was Envestnet Asset Management, cutting an estimated $52.7M.
- 524 institutional investors held Pinnacle West Capital (PNW) as of Q2 2023, up from 521 in Q1 2023.
- Funds reported $7.99B of Pinnacle West Capital stock for Q2 2023, up 3% quarter-over-quarter.
- 45 funds opened new Pinnacle West Capital positions in Q2 2023 and 40 closed out, a net change of +5 holders.
- The largest Pinnacle West Capital buyer in Q2 2023 was Capital Research Global Investors, an estimated $107M added.
- The largest Pinnacle West Capital seller in Q2 2023 was Envestnet Asset Management, an estimated $52.7M sold.
Based on aggregated 13F filings for Q2 2023.