Pinnacle West Capital
548 hedge funds and large institutions have $7.01B invested in Pinnacle West Capital in 2023 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 161 increasing their positions, 209 reducing their positions, and 51 closing their positions.
71% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 51
6% more funds holding
Funds holding: 519 → 548 (+29)
0.51% less ownership
Funds ownership: 86.51% → 86% (-0.51%)
3% less capital invested
Capital invested by funds: $7.22B → $7.01B (-$217M)
9% less call options, than puts
Call options by funds: $21.7M | Put options by funds: $24M
23% less repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 209
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$258M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$28.7M |
| 3 |
BlackRock
New York
|
+$27.7M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$21.2M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$20M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
-$86.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$57.3M |
| 3 |
Millennium Management
New York
|
-$52.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$51.3M |
| 5 |
Jennison Associates
New York
|
-$41.6M |
PNW Hedge Fund Activity: Q4 2023 in Review
548 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q4 2023, worth a combined $7.01B — down 3% from $7.22B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new PNW positions and 51 closed out — a net gain of 36 holders — while 161 added to existing stakes and 209 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $258M. The largest seller was Mitsubishi UFJ Trust & Banking, cutting an estimated $86.9M.
- 548 institutional investors held Pinnacle West Capital (PNW) as of Q4 2023, up from 519 in Q3 2023.
- Funds reported $7.01B of Pinnacle West Capital stock for Q4 2023, down 3% quarter-over-quarter.
- 87 funds opened new Pinnacle West Capital positions in Q4 2023 and 51 closed out, a net change of +36 holders.
- The largest Pinnacle West Capital buyer in Q4 2023 was Capital Research Global Investors, an estimated $258M added.
- The largest Pinnacle West Capital seller in Q4 2023 was Mitsubishi UFJ Trust & Banking, an estimated $86.9M sold.
Based on aggregated 13F filings for Q4 2023.