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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
GS
151
GAM Systematic
United Kingdom
$2.77M +$2.52M +40,587 New
BGIM
152
Brandywine Global Investment Management
Pennsylvania
$2.77M +$515K +8,294 +26%
RFC
153
Russell Frank Company
Washington
$2.75M +$1.15M +18,501 +87%
SLA
154
Silver Lake Advisory
Utah
$2.71M +$2.11K +34 +0.1%
Ohio Public Employees Retirement System (OPERS)
155
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.71M +$527K +8,478 +27%
Arrowstreet Capital
156
Arrowstreet Capital
Massachusetts
$2.64M -$16.6M -267,383 -87%
Jacobs Levy Equity Management
157
Jacobs Levy Equity Management
New Jersey
$2.63M -$73.3K -1,180 -3%
MIM
158
Macroview Investment Management
Maryland
$2.58M +$524K +8,434 +29%
Public Sector Pension Investment Board (PSP Investments)
159
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.54M -$218K -3,500 -9%
SAM
160
Shell Asset Management
Netherlands
$2.49M -$159K -2,553 -7%
NB
161
Norinchukin Bank
Japan
$2.42M +$129K +2,076 +6%
Royal Bank of Canada
162
Royal Bank of Canada
Ontario, Canada
$2.42M +$184K +2,966 +9%
Axa
163
Axa
France
$2.42M +$746 +12 +0%
First Manhattan
164
First Manhattan
New York
$2.34M +$1.68K +27 +0.1%
SFPIA
165
Stevens First Principles Investment Advisors
California
$2.32M – – –
Two Sigma Advisers
166
Two Sigma Advisers
New York
$2.29M -$9.77M -157,142 -82%
Macquarie Group
167
Macquarie Group
Australia
$2.28M +$230K +3,700 +12%
PAG
168
Private Advisor Group
New Jersey
$2.15M +$239K +3,844 +14%
GIBU
169
Gulf International Bank (UK)
United Kingdom
$2.14M – – –
TG
170
TCW Group
California
$2.11M -$1.44M -23,200 -43%
PRCM
171
Pine River Capital Management
Minnesota
$2.1M -$1.21M -19,400 -39%
RIL
172
Rothschild Investment LLC
Illinois
$2.08M -$1.75M -28,200 -48%
LCS
173
Levin Capital Strategies
New York
$2.06M -$1.17M -18,843 -38%
CNB
174
City National Bank
California
$2.02M +$10.1K +162 +0.6%
Zurich Cantonal Bank
175
Zurich Cantonal Bank
Switzerland
$1.98M +$777K +12,500 +76%
5 6
7
8 9

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.