Pinnacle West Capital
403 hedge funds and large institutions have $4.87B invested in Pinnacle West Capital in 2014 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 136 increasing their positions, 144 reducing their positions, and 19 closing their positions.
3,237% more call options, than puts
Call options by funds: $3.1M | Put options by funds: $93K
105% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 19
5% more funds holding
Funds holding: 385 → 403 (+18)
0.21% less ownership
Funds ownership: 80.87% → 80.66% (-0.21%)
6% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 144
6% less capital invested
Capital invested by funds: $5.16B → $4.87B (-$294M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$59.6M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$52.8M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$51.3M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$47.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$47.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$182M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$51.7M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$50.8M |
| 4 |
State Street
Boston,
Massachusetts
|
-$18.9M |
| 5 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$16.3M |
PNW Hedge Fund Activity: Q3 2014 in Review
403 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q3 2014, worth a combined $4.87B — down 5.7% from $5.16B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PNW positions and 19 closed out — a net gain of 20 holders — while 136 added to existing stakes and 144 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $59.6M. The largest seller was Invesco, cutting an estimated $182M.
- 403 institutional investors held Pinnacle West Capital (PNW) as of Q3 2014, up from 385 in Q2 2014.
- Funds reported $4.87B of Pinnacle West Capital stock for Q3 2014, down 5.7% quarter-over-quarter.
- 39 funds opened new Pinnacle West Capital positions in Q3 2014 and 19 closed out, a net change of +20 holders.
- The largest Pinnacle West Capital buyer in Q3 2014 was Millennium Management, an estimated $59.6M added.
- The largest Pinnacle West Capital seller in Q3 2014 was Invesco, an estimated $182M sold.
Based on aggregated 13F filings for Q3 2014.