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Pinnacle West Capital
PNW

527 hedge funds and large institutions have $8.41B invested in Pinnacle West Capital in 2024 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 172 increasing their positions, 193 reducing their positions, and 81 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $7.11B → $8.41B (+$1.3B)

11% more call options, than puts

Call options by funds: $20.7M | Put options by funds: $18.7M

4.16% more ownership

Funds ownership: 87.24% → 91.4% (+4.2%)

4% less funds holding

Funds holding: 548 → 527 (-21)

11% less repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 193

19% less first-time investments, than exits

New positions opened: 66 | Existing positions closed: 81

Holders
527
Holders Change
-21
Holders Change %
-3.83%
% of All Funds
7.59%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.04%
New
66
Increased
172
Reduced
193
Closed
81
Calls
$20.7M
Puts
$18.7M
Net Calls
+$2.03M
Net Calls Change
+$4.28M

Top Buyers

1
Capital Research Global Investors
Capital Research Global Investors
California
+$447M
2
AIP
Atlas Infrastructure Partners
United Kingdom
+$235M
3
Lazard Asset Management
Lazard Asset Management
New York
+$199M
4
ZP
Zimmer Partners
New York
+$187M
5
Pictet Asset Management
Pictet Asset Management
Switzerland
+$125M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$98.7M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$59.5M
3
First Trust Advisors
First Trust Advisors
Illinois
-$58.9M
4
Jennison Associates
Jennison Associates
New York
-$33.2M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$28.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.06B -$10.9M -155,172 -1%
Capital Research Global Investors
2
Capital Research Global Investors
California
$960M +$447M +6,344,121 +97%
BlackRock
3
BlackRock
New York
$769M +$17.6M +250,513 +2%
Lazard Asset Management
4
Lazard Asset Management
New York
$502M +$199M +2,828,450 +73%
State Street
5
State Street
Massachusetts
$484M -$22.7M -321,699 -5%
Barrow, Hanley, Mewhinney & Strauss
6
Barrow, Hanley, Mewhinney & Strauss
Texas
$419M -$8.09M -114,863 -2%
Invesco
7
Invesco
Georgia
$281M -$18.1M -256,854 -6%
AIP
8
Atlas Infrastructure Partners
United Kingdom
$250M +$235M +3,343,928 New
Geode Capital Management
9
Geode Capital Management
Massachusetts
$207M +$7.88M +111,896 +4%
Massachusetts Financial Services
10
Massachusetts Financial Services
Massachusetts
$204M -$1.27M -18,061 -0.7%
ZP
11
Zimmer Partners
New York
$198M +$187M +2,655,010 New
Norges Bank
12
Norges Bank
Norway
$157M +$37.3M +529,972 +34%
American Century Companies
13
American Century Companies
Missouri
$139M +$2.98M +42,390 +2%
Pictet Asset Management
14
Pictet Asset Management
Switzerland
$135M +$125M +1,777,310 +6,093%
Morgan Stanley
15
Morgan Stanley
New York
$106M -$98.7M -1,401,406 -50%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$83.4M -$3.06M -43,409 -4%
Charles Schwab
17
Charles Schwab
California
$75.2M +$1.06M +15,068 +2%
Northern Trust
18
Northern Trust
Illinois
$74.3M -$922K -13,090 -1%
WHRC
19
W.H. Reaves & Co
New Jersey
$72.4M +$10.9M +154,867 +19%
Empower Advisory Group
20
Empower Advisory Group
Colorado
$70.2M +$2.65M +37,570 +4%
Legal & General Group
21
Legal & General Group
United Kingdom
$69.6M +$470K +6,673 +0.7%
Franklin Resources
22
Franklin Resources
California
$66M -$16.9M -239,381 -21%
N
23
Nuveen
North Carolina
$63.8M +$22.3M +316,472 +59%
CFC
24
Cincinnati Financial Corp
Ohio
$54.5M – – –
CAPTRUST Financial Advisors
25
CAPTRUST Financial Advisors
North Carolina
$53.8M +$7.18M +101,971 +14%
1
2 3 4 5

PNW Hedge Fund Activity: Q1 2024 in Review

527 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q1 2024, worth a combined $8.41B — up 18% from $7.11B a quarter earlier.

Sellers outnumbered buyers: 81 funds closed out of PNW and 66 opened new positions — a net loss of 15 holders — while 193 trimmed existing stakes and 172 added.

The largest buyer was Capital Research Global Investors, adding an estimated $447M. The largest seller was Morgan Stanley, cutting an estimated $98.7M.

  • 527 institutional investors held Pinnacle West Capital (PNW) as of Q1 2024, down from 548 in Q4 2023.
  • Funds reported $8.41B of Pinnacle West Capital stock for Q1 2024, up 18% quarter-over-quarter.
  • 66 funds opened new Pinnacle West Capital positions in Q1 2024 and 81 closed out, a net change of -15 holders.
  • The largest Pinnacle West Capital buyer in Q1 2024 was Capital Research Global Investors, an estimated $447M added.
  • The largest Pinnacle West Capital seller in Q1 2024 was Morgan Stanley, an estimated $98.7M sold.

Based on aggregated 13F filings for Q1 2024.