Pinnacle West Capital
659 hedge funds and large institutions have $10.7B invested in Pinnacle West Capital in 2025 Q4 according to their latest regulatory filings, with 94 funds opening new positions, 251 increasing their positions, 188 reducing their positions, and 46 closing their positions.
104% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 46
34% more repeat investments, than reductions
Existing positions increased: 251 | Existing positions reduced: 188
6% more funds holding
Funds holding: 623 → 659 (+36)
3.87% more ownership
Funds ownership: 97.2% → 101.07% (+3.9%)
3% more capital invested
Capital invested by funds: $10.4B → $10.7B (+$322M)
2% less call options, than puts
Call options by funds: $10.9M | Put options by funds: $11M
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
+$258M |
| 2 |
AIP
Atlas Infrastructure Partners
London,
United Kingdom
|
+$123M |
| 3 |
BlackRock
New York
|
+$83.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$68.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$57.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$214M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$197M |
| 3 |
ECM
ExodusPoint Capital Management
New York
|
-$49.1M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$48.3M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$26.8M |
PNW Hedge Fund Activity: Q4 2025 in Review
659 of the 8,286 institutional investors tracked by Wall St. Rank reported a position in Pinnacle West Capital (PNW) for Q4 2025, worth a combined $10.7B — up 3.1% from $10.4B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new PNW positions and 46 closed out — a net gain of 48 holders — while 251 added to existing stakes and 188 trimmed.
The largest buyer was Soroban Capital Partners, opening a new position worth an estimated $258M. The largest seller was Capital Research Global Investors, cutting an estimated $214M.
- 659 institutional investors held Pinnacle West Capital (PNW) as of Q4 2025, up from 623 in Q3 2025.
- Funds reported $10.7B of Pinnacle West Capital stock for Q4 2025, up 3.1% quarter-over-quarter.
- 94 funds opened new Pinnacle West Capital positions in Q4 2025 and 46 closed out, a net change of +48 holders.
- The largest Pinnacle West Capital buyer in Q4 2025 was Soroban Capital Partners, an estimated $258M added.
- The largest Pinnacle West Capital seller in Q4 2025 was Capital Research Global Investors, an estimated $214M sold.
Based on aggregated 13F filings for Q4 2025.