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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
Millennium Management LLC235,629$20.9M0.02%−119,685−33.7%Reduced
Manufacturers Life Insurance Company, The241,928$21.5M0.02%+641+0.3%Added
UBS Asset Management Americas Inc277,709$24.6M0.01%−38,352−12.1%Reduced
Deroy & Devereaux Private Investment Counsel Inc277,946$24.7M1.20%+96,236+53.0%Added
JPMorgan Chase & Co278,766$24.7M0.00%−116,879−29.5%Reduced
Quantinno Capital Management LP286,092$25.4M0.05%+111,693+64.0%Added
Cincinnati Insurance Co296,838$26.3M0.40%00.0%Unchanged
Treasurer of the State of North Carolina316,246$28.1M0.09%−66,013−17.3%Reduced
California Public Employees Retirement System317,076$28.1M0.02%−63,316−16.6%Reduced
Gabelli Funds LLC333,600$29.6M0.20%+1,500+0.5%Added
HRT Financial LP346,331$30.7M0.10%+77,745+28.9%Added
Victory Capital Management Inc356,525$31.6M0.02%−92,131−20.5%Reduced
AQR Capital Management LLC377,541$33.5M0.02%+44,266+13.3%Added
Voloridge Investment Management, LLC400,683$35.5M0.12%+11,646+3.0%Added
Renaissance Technologies LLC413,400$36.7M0.06%+206,600+99.9%Added
UBS Group AG424,386$37.6M0.01%−16,996−3.9%Reduced
Deutsche Bank AG431,960$38.3M0.01%−2,197,411−83.6%Reduced
Newport Trust Co471,080$41.8M0.10%−14,600−3.0%Reduced
Citadel Advisors LLC482,243$42.8M0.03%+239,066+98.3%Added
Perpetual Ltd499,007$44.3M0.64%+5,902+1.2%Added
Gotham Asset Management, LLC504,112$44.7M0.16%+136,162+37.0%Added
Epoch Investment Partners, Inc.505,252$44.8M0.25%+19,560+4.0%Added
Yaupon Capital Management LP511,553$45.4M2.23%+27,904+5.8%Added
Qube Research & Technologies Ltd598,297$53.1M0.08%+301,334+101.5%Added
Legal & General Group Plc602,839$53.5M0.01%−71,214−10.6%Reduced
Duff & Phelps Investment Management Co624,930$55.4M0.63%00.0%Unchanged
HSBC Holdings PLC645,487$57.3M0.03%+214,907+49.9%Added
Wellington Management Group LLP646,891$57.4M0.01%+646,891New
Goldman Sachs Group Inc669,389$59.4M0.01%+88,996+15.3%Added
Point72 Asset Management, L.P.698,394$61.9M0.10%+81,972+13.3%Added
Cincinnati Financial Corp729,460$64.7M1.26%00.0%Unchanged
Balyasny Asset Management LLC766,721$68.0M0.13%+766,721New
Barclays PLC768,045$68.1M0.03%+7,672+1.0%Added
Nuveen, LLC823,499$73.0M0.02%−1,021−0.1%Reduced
Bank of America Corp848,960$75.3M0.01%−200,018−19.1%Reduced
Empower Advisory Group, LLC862,517$76.5M0.21%+990.0%Added
Assenagon Asset Management S.A.920,687$81.7M0.12%+526,212+133.4%Added
Northern Trust Corp920,956$81.7M0.01%−48,202−5.0%Reduced
Bank of New York Mellon Corp968,416$85.9M0.02%−77,884−7.4%Reduced
Franklin Resources Inc1,075,941$95.4M0.02%+144,194+15.5%Added
Squarepoint Ops LLC1,106,609$98.2M0.20%+388,325+54.1%Added
Charles Schwab Investment Management Inc1,117,500$99.1M0.02%+10,625+1.0%Added
Two Sigma Investments, LP1,309,421$116.1M0.17%+223,124+20.5%Added
Dimensional Fund Advisors LP1,318,711$117.0M0.02%+53,060+4.2%Added
First Trust Advisors LP1,371,150$121.6M0.09%+63,729+4.9%Added
Pictet Asset Management Holding SA1,516,460$134.5M0.13%−150,029−9.0%Reduced
Norges Bank1,583,634$140.5M0.02%+1,583,634New
Two Sigma Advisers, LP1,658,191$147.1M0.29%+612,391+58.6%Added
Reaves W H & Co Inc1,719,774$152.5M2.67%−84,340−4.7%Reduced
Morgan Stanley1,887,965$167.5M0.01%−47,896−2.5%Reduced
Massachusetts Financial Services Co2,900,385$257.3M0.08%−83,241−2.8%Reduced
Soroban Capital Partners LP2,877,404$258.0M1.89%+2,877,404New
Geode Capital Management, LLC3,095,691$274.1M0.02%+27,861+0.9%Added
Invesco Ltd.4,249,267$376.9M0.04%+74,023+1.8%Added
ATLAS Infrastructure Partners (UK) Ltd.4,461,243$395.7M19.84%+1,369,350+44.3%Added
Barrow Hanley Mewhinney & Strauss LLC6,684,100$592.9M1.97%−539,625−7.5%Reduced
State Street Corp6,940,809$615.6M0.02%+251,716+3.8%Added
BlackRock, Inc.11,801,546$1.05B0.02%+934,593+8.6%Added
Capital Research Global Investors13,466,845$1.19B0.22%−2,386,457−15.1%Reduced
Vanguard Group Inc14,661,160$1.30B0.02%−11,255−0.1%Reduced
ExodusPoint Capital Management, LP0$00.00%−547,709−100.0%Sold out
Greenland Capital Management LP0$00.00%−93,470−100.0%Sold out
Lombard Odier Asset Management (Europe) Ltd0$00.00%–Sold out
Capital Fund Management S.A.0$00.00%−44,730−100.0%Sold out
Credit Agricole S A0$00.00%−30,639−100.0%Sold out
ING Groep NV0$00.00%−30,361−100.0%Sold out
Fulcrum Asset Management LLP0$00.00%−27,984−100.0%Sold out
Bridgefront Capital, LLC0$00.00%−11,627−100.0%Sold out
Blueshift Asset Management, LLC0$00.00%−9,019−100.0%Sold out
IFM Investors Pty Ltd0$00.00%−8,608−100.0%Sold out
Sherbrooke Park Advisers LLC0$00.00%−7,778−100.0%Sold out
Sciencast Management LP0$00.00%−7,305−100.0%Sold out
Intech Investment Management LLC0$00.00%−7,191−100.0%Sold out
MQS Management LLC0$00.00%−7,139−100.0%Sold out
Natixis0$00.00%−7,106−100.0%Sold out
SummitTX Capital, L.P.0$00.00%−5,549−100.0%Sold out
Prelude Capital Management, LLC0$00.00%−5,240−100.0%Sold out
LifeWealth Investments, LLC0$00.00%−4,217−100.0%Sold out
Inceptionr LLC0$00.00%−4,081−100.0%Sold out
Aaron Wealth Advisors0$00.00%−3,875−100.0%Sold out
Scientech Research LLC0$00.00%−3,468−100.0%Sold out
GTS Securities LLC0$00.00%−3,461−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−3,174−100.0%Sold out
Empowered Funds, LLC0$00.00%−3,050−100.0%Sold out
Brighton Jones LLC0$00.00%−3,032−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−2,983−100.0%Sold out
Jain Global LLC0$00.00%−2,947−100.0%Sold out
Versor Investments LP0$00.00%−2,604−100.0%Sold out
Wesbanco Bank Inc0$00.00%−2,491−100.0%Sold out
Virtu Financial LLC0$00.00%−2,472−100.0%Sold out
Valeo Financial Advisors, LLC0$00.00%−2,319−100.0%Sold out
Integrated Wealth Concepts LLC0$00.00%−2,295−100.0%Sold out
Red Mountain Financial, LLC0$00.00%−2,250−100.0%Sold out
United Capital Financial Advisers, LLC0$00.00%−2,245−100.0%Sold out
Babb Wealth Advisors LLC0$00.00%−2,239−100.0%Sold out
Ci Investments Inc.0$00.00%−1,617−100.0%Sold out
Principal Securities, Inc.0$00.00%−1,493−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−1,036−100.0%Sold out
Rise Advisors, LLC0$00.00%−503−100.0%Sold out
Walleye Capital LLC0$00.00%−209−100.0%Sold out