Pinnacle West Capital
520 hedge funds and large institutions have $7.22B invested in Pinnacle West Capital in 2023 Q3 according to their latest regulatory filings, with 71 funds opening new positions, 158 increasing their positions, 189 reducing their positions, and 68 closing their positions.
4% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 68
1% more call options, than puts
Call options by funds: $16.4M | Put options by funds: $16.3M
0.05% less ownership
Funds ownership: 86.56% → 86.51% (-0.05%)
1% less funds holding
Funds holding: 524 → 520 (-4)
10% less capital invested
Capital invested by funds: $7.99B → $7.22B (-$762M)
16% less repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 189
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$132M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$96.5M |
| 3 |
Millennium Management
New York
|
+$73.6M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$27.2M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$203M |
| 2 |
ECM
ExodusPoint Capital Management
New York
|
-$61M |
| 3 |
BlackRock
New York
|
-$31.9M |
| 4 |
State Street
Boston,
Massachusetts
|
-$28.4M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$26.6M |
PNW Hedge Fund Activity: Q3 2023 in Review
520 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q3 2023, worth a combined $7.22B — down 9.5% from $7.99B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new PNW positions and 68 closed out — a net gain of 3 holders — while 158 added to existing stakes and 189 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $132M. The largest seller was Lazard Asset Management, cutting an estimated $203M.
- 520 institutional investors held Pinnacle West Capital (PNW) as of Q3 2023, down from 524 in Q2 2023.
- Funds reported $7.22B of Pinnacle West Capital stock for Q3 2023, down 9.5% quarter-over-quarter.
- 71 funds opened new Pinnacle West Capital positions in Q3 2023 and 68 closed out, a net change of +3 holders.
- The largest Pinnacle West Capital buyer in Q3 2023 was Capital Research Global Investors, an estimated $132M added.
- The largest Pinnacle West Capital seller in Q3 2023 was Lazard Asset Management, an estimated $203M sold.
Based on aggregated 13F filings for Q3 2023.