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Pinnacle West Capital Corp

PNW
Exchange
NYSE
Industry
Electric Services
SEC CIK
0000764622

In the last 90 days, Pinnacle West Capital Corp insiders filed 0 open-market purchases and 2 sales; 732 institutions reported holding it in 13F filings for Q2 2026, worth $14.1B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Pinnacle West Capital Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
660
+47 vs. Q3 2025
Shares held
121.0M
+5.33M (+4.6%) vs. Q3 2025
Total value
$10.7B
+$360.6M (+3.5%) vs. Q3 2025
New holders
94
252 more added
Sold out
47
188 more reduced

12 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PNW on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 660 institutions
Q1 2021: 500 institutionsQ2 2021: 506 institutionsQ3 2021: 512 institutionsQ4 2021: 499 institutionsQ1 2022: 482 institutionsQ2 2022: 494 institutionsQ3 2022: 480 institutionsQ4 2022: 540 institutionsQ1 2023: 525 institutionsQ2 2023: 526 institutionsQ3 2023: 523 institutionsQ4 2023: 552 institutionsQ1 2024: 525 institutionsQ2 2024: 544 institutionsQ3 2024: 580 institutionsQ4 2024: 617 institutionsQ1 2025: 616 institutionsQ2 2025: 631 institutionsQ3 2025: 625 institutionsQ4 2025: 660 institutionsQ1 2026: 709 institutionsQ2 2026: 732 institutions
Value heldQ4 2025: $10.7B
Q1 2021: $7.80BQ2 2021: $8.04BQ3 2021: $6.92BQ4 2021: $6.56BQ1 2022: $7.48BQ2 2022: $7.15BQ3 2022: $6.31BQ4 2022: $7.37BQ1 2023: $7.76BQ2 2023: $7.99BQ3 2023: $7.22BQ4 2023: $7.01BQ1 2024: $8.40BQ2 2024: $8.70BQ3 2024: $10.1BQ4 2024: $9.57BQ1 2025: $10.9BQ2 2025: $10.5BQ3 2025: $10.4BQ4 2025: $10.7BQ1 2026: $12.6BQ2 2026: $14.1B
Institutions holding PNW and their total value by quarter
QuarterHoldersValue
Q2 2026732$14.1B
Q1 2026709$12.6B
Q4 2025660$10.7B
Q3 2025625$10.4B
Q2 2025631$10.5B
Q1 2025616$10.9B
Q4 2024617$9.57B
Q3 2024580$10.1B
Q2 2024544$8.70B
Q1 2024525$8.40B
Q4 2023552$7.01B
Q3 2023523$7.22B
Q2 2023526$7.99B
Q1 2023525$7.76B
Q4 2022540$7.37B
Q3 2022480$6.31B
Q2 2022494$7.15B
Q1 2022482$7.48B
Q4 2021499$6.56B
Q3 2021512$6.92B
Q2 2021506$8.04B
Q1 2021500$7.80B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Pinnacle West Capital Corp; share changes are against Q3 2025.

Institutions holding PNW in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Jacobs Levy Equity Management, Inc10,653$944.9K0.00%−162,531−93.8%Reduced
Rakuten Investment Management, Inc.10,675$948.7K0.00%−14,237−57.1%Reduced
Arvest Bank Trust Division10,699$949.0K0.05%+3,119+41.1%Added
Sowell Financial Services LLC10,700$949.1K0.03%−883−7.6%Reduced
Linden Thomas Advisory Services, LLC10,745$953.1K0.10%−27−0.3%Reduced
MML Investors Services, LLC10,831$960.7K0.00%−307−2.8%Reduced
RIA Advisory Group LLC11,073$982.2K0.24%+11,073New
D.A. Davidson & Co.11,350$1.01M0.01%+764+7.2%Added
Naples Global Advisors, LLC11,458$1.02M0.08%+475+4.3%Added
Neuberger Berman Group LLC11,498$1.02M0.00%+764+7.1%Added
Ascent Group, LLC11,729$1.04M0.04%+736+6.7%Added
Integrated Investment Consultants, LLC11,800$1.05M0.21%+11,800New
Northwestern Mutual Wealth Management Co11,888$1.05M0.00%+2,366+24.8%Added
Summit Trail Advisors, LLC11,974$1.06M0.02%+398+3.4%Added
M&T Bank Corp12,036$1.07M0.00%+1,158+10.6%Added
Commerce Bank12,066$1.07M0.01%−515−4.1%Reduced
Cambridge Investment Research Advisors, Inc.12,487$1.11M0.00%−181−1.4%Reduced
CIBC World Markets Corp12,497$1.11M0.01%+12,497New
First Manhattan Co12,519$1.11M0.00%00.0%Unchanged
NovaPoint Capital, LLC12,519$1.11M0.29%+569+4.8%Added
Mutual of America Capital Management LLC12,850$1.14M0.01%−93−0.7%Reduced
Portfolio Design Labs, LLC13,000$1.15M0.19%+316+2.5%Added
QRG Capital Management, Inc.13,082$1.16M0.01%−1,106−7.8%Reduced
Alps Advisors Inc13,105$1.16M0.01%+3,211+32.5%Added
Keystone Financial Planning, Inc.13,126$1.16M0.34%−133−1.0%Reduced
Rafferty Asset Management, LLC13,181$1.17M0.00%+609+4.8%Added
Ironwood Investment Counsel, LLC13,333$1.18M0.17%−2,249−14.4%Reduced
Dockside LLC13,412$1.19M0.31%+13,412New
Sequoia Financial Advisors, LLC13,417$1.19M0.01%+7,009+109.4%Added
Oregon Public Employees Retirement Fund13,655$1.21M0.02%+52+0.4%Added
Connor, Clark & Lunn Investment Management Ltd.13,735$1.22M0.00%−15,248−52.6%Reduced
Excalibur Management Corp13,936$1.24M0.45%−40−0.3%Reduced
Schnieders Capital Management, LLC.13,998$1.24M0.19%+13,998New
JustInvest LLC14,262$1.27M0.01%+1,589+12.5%Added
CAPROCK Group, Inc.14,328$1.27M0.03%−1,742−10.8%Reduced
Twin Capital Management Inc14,952$1.33M0.16%−10.0%Reduced
Cincinnati Casualty Co14,958$1.33M0.67%00.0%Unchanged
R Squared Ltd15,222$1.35M0.63%−5,206−25.5%Reduced
Xponance, Inc.15,433$1.37M0.01%+1,184+8.3%Added
New York Life Investment Management LLC16,192$1.44M0.01%+170+1.1%Added
Vestcor Inc16,405$1.46M0.04%00.0%Unchanged
Wealthcare Advisory Partners LLC16,771$1.49M0.03%+311+1.9%Added
Advisor Group Holdings, Inc.17,011$1.51M0.00%−3,309−16.3%Reduced
Natixis Advisors, L.P.18,113$1.61M0.00%−2,372−11.6%Reduced
Woodline Partners LP18,216$1.62M0.01%+2,448+15.5%Added
Riverwater Partners LLC18,641$1.65M0.64%+3,079+19.8%Added
State of Tennessee, Treasury Department17,923$1.68M0.01%−330−1.8%Reduced
Lido Advisors, LLC18,902$1.69M0.01%+743+4.1%Added
Fortem Financial Group, LLC19,376$1.72M0.46%+1,042+5.7%Added
Utah Retirement Systems19,660$1.74M0.02%00.0%Unchanged
UniSuper Management Pty Ltd19,830$1.76M0.01%−2,528−11.3%Reduced
Advisors Asset Management, Inc.19,909$1.77M0.03%+2,003+11.2%Added
Mirae Asset Global Investments Co., Ltd.19,989$1.77M0.00%+3,564+21.7%Added
Resolution Capital Ltd20,135$1.79M0.04%+4,251+26.8%Added
Fox Run Management, L.L.C.20,165$1.79M0.28%+20,165New
Toronto Dominion Bank20,795$1.84M0.00%−3,719−15.2%Reduced
Mariner, LLC21,216$1.88M0.00%−654−3.0%Reduced
Aristotle Capital Boston, LLC21,353$1.89M0.10%+10,121+90.1%Added
Pacer Advisors, Inc.22,201$1.97M0.01%+12,142+120.7%Added
Amalgamated Bank22,435$1.99M0.01%−874−3.7%Reduced
CI Private Wealth, LLC22,700$2.01M0.00%+6,086+36.6%Added
SFE Investment Counsel23,135$2.05M0.32%−400−1.7%Reduced
Parcion Private Wealth LLC23,591$2.09M0.13%+415+1.8%Added
Brinker Capital Investments, LLC23,964$2.13M0.02%+343+1.5%Added
New Age Alpha Advisors, LLC24,022$2.13M0.09%−9,370−28.1%Reduced
Azimuth Capital Investment Management LLC24,500$2.17M0.08%00.0%Unchanged
Rothschild Investment LLC25,030$2.22M0.12%+96+0.4%Added
Retirement Systems of Alabama25,461$2.26M0.01%−15−0.1%Reduced
Burney Co25,588$2.27M0.07%+3,182+14.2%Added
CIBC Asset Management Inc26,269$2.33M0.01%+11,949+83.4%Added
ISAM Funds (UK) Ltd26,571$2.36M0.85%−295−1.1%Reduced
Yousif Capital Management, LLC25,550$2.37M0.03%−486−1.9%Reduced
SG Americas Securities, LLC27,171$2.41M0.00%−5,830−17.7%Reduced
US Bancorp27,225$2.41M0.00%+1,264+4.9%Added
TD Private Client Wealth LLC27,542$2.44M0.05%−3,723−11.9%Reduced
Marshall Wace, LLP27,666$2.45M0.00%+27,666New
State of Alaska, Department of Revenue28,143$2.50M0.03%−840−2.9%Reduced
Canada Pension Plan Investment Board28,200$2.50M0.00%+6,000+27.0%Added
MetLife Investment Management28,681$2.54M0.01%−943−3.2%Reduced
Voya Investment Management LLC28,950$2.57M0.00%−891−3.0%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH29,397$2.61M0.00%+2,518+9.4%Added
Mercer Global Advisors Inc29,693$2.63M0.00%+2,407+8.8%Added
Romano Brothers and Company29,975$2.66M0.30%+100+0.3%Added
Gifford Fong Associates30,000$2.66M0.53%00.0%Unchanged
Arrowstreet Capital, Limited Partnership30,057$2.67M0.00%+25,133+510.4%Added
Public Sector Pension Investment Board30,540$2.71M0.01%+4,815+18.7%Added
State of Michigan Retirement System31,261$2.77M0.01%−1,000−3.1%Reduced
Nations Financial Group Inc,31,383$2.78M0.15%−236−0.7%Reduced
Czech National Bank31,560$2.80M0.02%+1,228+4.0%Added
Quantbot Technologies LP32,308$2.87M0.10%+2,252+7.5%Added
Nisa Investment Advisors, LLC32,510$2.88M0.01%−4,177−11.4%Reduced
Hennion & Walsh Asset Management, Inc.32,880$2.92M0.10%+246+0.8%Added
Arizona State Retirement System33,342$2.96M0.02%−1,989−5.6%Reduced
Fuller & Thaler Asset Management, Inc.33,433$2.97M0.01%−1,395−4.0%Reduced
Engineers Gate Manager LP34,080$3.02M0.04%−58,226−63.1%Reduced
Susquehanna International Group, LLP34,315$3.04M0.00%+15,137+78.9%Added
Great West Life Assurance Co34,759$3.08M0.01%00.0%Unchanged
CWA Asset Management Group, LLC35,158$3.12M0.11%+5,198+17.3%Added
Wealth Enhancement Advisory Services, LLC35,827$3.20M0.00%+4,024+12.7%Added
State of New Jersey Common Pension Fund D36,507$3.24M0.01%−1,884−4.9%Reduced