Pinnacle West Capital
623 hedge funds and large institutions have $10.4B invested in Pinnacle West Capital in 2025 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 226 increasing their positions, 209 reducing their positions, and 65 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
262% more call options, than puts
Call options by funds: $18M | Put options by funds: $4.98M
8% more repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 209
1% less capital invested
Capital invested by funds: $10.5B → $10.4B (-$58.3M)
0.81% less ownership
Funds ownership: 98% → 97.2% (-0.81%)
3% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 65
1% less funds holding
Funds holding: 631 → 623 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$68.3M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$51.2M |
| 3 |
WHRC
W.H. Reaves & Co
Jersey City,
New Jersey
|
+$28.5M |
| 4 |
BlackRock
New York
|
+$25.6M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$21.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Merewether Investment Management
Dallas,
Texas
|
-$65.7M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$49.3M |
| 3 |
Millennium Management
New York
|
-$46.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$36.2M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$35.2M |
PNW Hedge Fund Activity: Q3 2025 in Review
623 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q3 2025, worth a combined $10.4B — down 0.56% from $10.5B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of PNW and 63 opened new positions — a net loss of 2 holders — while 209 trimmed existing stakes and 226 added.
The largest buyer was Capital Research Global Investors, adding an estimated $68.3M. The largest seller was Merewether Investment Management, exiting entirely with an estimated $65.7M sold.
- 623 institutional investors held Pinnacle West Capital (PNW) as of Q3 2025, down from 631 in Q2 2025.
- Funds reported $10.4B of Pinnacle West Capital stock for Q3 2025, down 0.56% quarter-over-quarter.
- 63 funds opened new Pinnacle West Capital positions in Q3 2025 and 65 closed out, a net change of -2 holders.
- The largest Pinnacle West Capital buyer in Q3 2025 was Capital Research Global Investors, an estimated $68.3M added.
- The largest Pinnacle West Capital seller in Q3 2025 was Merewether Investment Management, an estimated $65.7M sold.
Based on aggregated 13F filings for Q3 2025.