Pinnacle West Capital
632 hedge funds and large institutions have $10.5B invested in Pinnacle West Capital in 2025 Q2 according to their latest regulatory filings, with 82 funds opening new positions, 243 increasing their positions, 192 reducing their positions, and 58 closing their positions.
137% more call options, than puts
Call options by funds: $13.5M | Put options by funds: $5.68M
41% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 58
27% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 192
3% more funds holding
Funds holding: 616 → 632 (+16)
2.2% more ownership
Funds ownership: 95.81% → 98.01% (+2.2%)
4% less capital invested
Capital invested by funds: $10.9B → $10.5B (-$411M)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$241M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$73M |
| 3 |
Millennium Management
New York
|
+$67M |
| 4 |
ZP
Zimmer Partners
New York
|
+$41.2M |
| 5 |
Two Sigma Investments
New York
|
+$35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$82.6M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$52.2M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$38.7M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$36.5M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$32.6M |
PNW Hedge Fund Activity: Q2 2025 in Review
632 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q2 2025, worth a combined $10.5B — down 3.8% from $10.9B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new PNW positions and 58 closed out — a net gain of 24 holders — while 243 added to existing stakes and 192 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $241M. The largest seller was Norges Bank, cutting an estimated $82.6M.
- 632 institutional investors held Pinnacle West Capital (PNW) as of Q2 2025, up from 616 in Q1 2025.
- Funds reported $10.5B of Pinnacle West Capital stock for Q2 2025, down 3.8% quarter-over-quarter.
- 82 funds opened new Pinnacle West Capital positions in Q2 2025 and 58 closed out, a net change of +24 holders.
- The largest Pinnacle West Capital buyer in Q2 2025 was Capital Research Global Investors, an estimated $241M added.
- The largest Pinnacle West Capital seller in Q2 2025 was Norges Bank, an estimated $82.6M sold.
Based on aggregated 13F filings for Q2 2025.