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Pinnacle West Capital
PNW

378 hedge funds and large institutions have $4.6B invested in Pinnacle West Capital in 2013 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 135 increasing their positions, 135 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more call options, than puts

Call options by funds: $1.75M | Put options by funds: $963K

21% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 33

1% more funds holding

Funds holding: 373 → 378 (+5)

0.6% more ownership

Funds ownership: 75.96% → 76.56% (+0.6%)

0% more repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 135

1% less capital invested

Capital invested by funds: $4.63B → $4.6B (-$28M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
378
Holders Change
+5
Holders Change %
+1.34%
% of All Funds
12.26%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.1%
New
40
Increased
135
Reduced
135
Closed
33
Calls
$1.75M
Puts
$963K
Net Calls
+$783K
Net Calls Change
+$317K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$35.9M
2
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$16.5M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$15.6M
4
RFC
Russell Frank Company
Washington
+$15M
5
MCM
Munder Capital Management
Michigan
+$13.9M

Top Sellers

1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$33.7M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$23.8M
3
ZP
Zimmer Partners
New York
-$20.8M
4
WI
WBI Investments
New Jersey
-$19.8M
5
AI
Analytic Investors
California
-$13.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$479M +$15.6M +277,983 +3%
Franklin Resources
2
Franklin Resources
California
$372M +$3.81M +67,900 +1%
State Street
3
State Street
Massachusetts
$314M -$6.05M -107,763 -2%
Invesco
4
Invesco
Georgia
$256M -$11.8M -209,709 -4%
BFA
5
BlackRock Fund Advisors
California
$245M +$1.74M +31,007 +0.7%
BIT
6
BlackRock Institutional Trust
California
$165M +$769K +13,687 +0.5%
Bank of New York Mellon
7
Bank of New York Mellon
New York
$125M -$23.8M -424,667 -16%
WHRC
8
W.H. Reaves & Co
New Jersey
$111M +$9.55M +170,000 +9%
WCM
9
Wedge Capital Management
North Carolina
$100M +$4.98M +88,681 +5%
DPIM
10
Duff & Phelps Investment Management
Illinois
$85M +$51.7K +920 +0.1%
Massachusetts Financial Services
11
Massachusetts Financial Services
Massachusetts
$79.7M +$16.5M +293,785 +25%
Northern Trust
12
Northern Trust
Illinois
$75.3M -$3.86M -68,820 -5%
PAMU
13
Pictet Asset Management (UK)
United Kingdom
$68.2M -$1.63M -28,959 -2%
Barrow, Hanley, Mewhinney & Strauss
14
Barrow, Hanley, Mewhinney & Strauss
Texas
$61.9M -$1.14M -20,217 -2%
WCM
15
Winton Capital Management
United Kingdom
$61.8M +$3.81M +67,886 +6%
Norges Bank
16
Norges Bank
Norway
$59M +$8.96M +159,521 +17%
Millennium Management
17
Millennium Management
New York
$57.7M +$35.9M +640,122 +154%
Acadian Asset Management
18
Acadian Asset Management
Massachusetts
$49.5M +$1.29M +22,945 +3%
BG
19
BlackRock Group
United Kingdom
$46.4M +$2.77M +49,348 +6%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$43.2M +$1.62M +28,915 +4%
First Trust Advisors
21
First Trust Advisors
Illinois
$42.7M +$4.94M +87,920 +13%
TCIM
22
TIAA CREF Investment Management
New York
$42.5M -$1.75M -31,117 -4%
American Century Companies
23
American Century Companies
Missouri
$42.2M +$3.79M +67,432 +10%
Principal Financial Group
24
Principal Financial Group
Iowa
$40.9M +$6.34M +112,911 +18%
Legal & General Group
25
Legal & General Group
United Kingdom
$40.8M +$4.44M +78,995 +12%
1
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PNW Hedge Fund Activity: Q3 2013 in Review

378 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q3 2013, worth a combined $4.6B — down 0.6% from $4.63B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new PNW positions and 33 closed out — a net gain of 7 holders — while 135 added to existing stakes and 135 trimmed.

The largest buyer was Millennium Management, adding an estimated $35.9M. The largest seller was Adage Capital Partners, cutting an estimated $33.7M.

  • 378 institutional investors held Pinnacle West Capital (PNW) as of Q3 2013, up from 373 in Q2 2013.
  • Funds reported $4.6B of Pinnacle West Capital stock for Q3 2013, down 0.6% quarter-over-quarter.
  • 40 funds opened new Pinnacle West Capital positions in Q3 2013 and 33 closed out, a net change of +7 holders.
  • The largest Pinnacle West Capital buyer in Q3 2013 was Millennium Management, an estimated $35.9M added.
  • The largest Pinnacle West Capital seller in Q3 2013 was Adage Capital Partners, an estimated $33.7M sold.

Based on aggregated 13F filings for Q3 2013.