Pinnacle West Capital
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, 204 increasing their positions, 154 reducing their positions, and 59 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 154
13% more capital invested
Capital invested by funds: $8.17B → $9.25B (+$1.08B)
2% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 59
0.8% more ownership
Funds ownership: 85.58% → 86.37% (+0.8%)
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$73.6M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$69.4M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$59.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$50.5M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$47.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$124M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$57.4M |
| 3 |
Renaissance Technologies
New York
|
-$42.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$39.2M |
| 5 |
Cohen & Steers
New York
|
-$32.4M |
PNW Hedge Fund Activity: Q1 2019 in Review
516 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q1 2019, worth a combined $9.25B — up 13% from $8.17B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new PNW positions and 59 closed out — a net gain of 1 holder — while 204 added to existing stakes and 154 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 13% 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.