Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Pinnacle West Cap Corp (PNW)

694 + Investors. Track Smart Money conviction in PNW. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +45
Streak
2Q ▲
Buyers last Q
58%

Smart Money Signals — PNW

Based on 699 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added PNW than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
699 hedge funds hold PNW right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+93 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

358 buying254 selling
Last quarter: 358 funds bought or added vs 254 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~102 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 83 → 67 → 102 → 102. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 19% new
433 out of 699 hedge funds have held PNW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

77 → 83 → 67 → 102 → 102 new funds/Q
New funds entering each quarter: 83 → 67 → 102 → 102. A growing number of institutions are discovering PNW each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 68% veterans vs 23% newcomers

■ 68% veterans ■ 10% 1-2yr ■ 23% new
Entry-cohort mix of 710 holders: 482 (68%) are 2+ year veterans, 68 entered 1–2 years ago, and 160 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
61 of 697 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in PNW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PNW

In 2026 Q1, 358 hedge funds were net buyers of PNW (102 opened a new position, 256 added to an existing one), while 254 reduced or exited (197 trimmed, 57 sold completely) — a 58% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 44% of total institutional value in PNW is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +45 funds (more new holders than closures). Total institutional holders: 699.

Hedge Fund Ownership: PNW

How many hedge funds hold PNW — quarterly history vs. share price
Quarterly hedge fund ownership of PNW vs. share price

Market Analysis: PNW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PNW

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Pinnacle West Cap Corp (PNW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PNW has moved relative to its sector benchmark (XLU) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
PNW
+1.6%
XLU
-2.5%

PNW outperformed XLU by +4.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
PNW
+4.0%
XLU
+2.0%

Since the filing became public, PNW outperformed XLU by +2.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

45 top-rated funds 2 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: PNW
694 + Investors

Track Smart Money conviction in PNW. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 694 654 6.12%
13F Shares 126M 121M 3.88%
Total Value $12.49B $10.70B 16.73%
New Positions 100 102 -2
Increased Positions 254 243 +11
Closed Positions 60 62 -2
Reduced Positions 195 187 +8
Total Calls 6 4 50.0%
Total Puts 6 4 50.0%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: PNW

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Financial Highlights

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Institutional Holders (2026 Q1)

694 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PNW. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PNW holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ATLAS Infrastructure Partners (UK) Ltd. 18.00% 5,074,413 $511.2M
2 Decade Renewable Partners LP 2.96% 41,663 $3.7M
3 Barrow Hanley Mewhinney & Strauss LLC 2.31% 7,000,617 $705.3M
4 Skba Capital Management LLC 2.19% 158,330 $16.0M
5 Reaves W H & Co Inc 1.80% 1,078,046 $108.6M
6 Butensky & Cohen Financial Security, Inc 1.63% 61,511 $6.2M
7 CSU Producer Resources, Inc. 1.62% 5,602 $564K
8 Cincinnati Financial Corp 1.48% 729,460 $73.5M
9 Teza Capital Management LLC 1.34% 3,619 $365K
10 Zimmer Partners, LP 1.21% 500,055 $50.4M
11 iSAM Funds (UK) Ltd 1.08% 21,768 $2.2M
12 Yaupon Capital Management LP 0.96% 304,982 $30.7M
13 Riverwater Partners LLC 0.91% 27,199 $2.7M
14 Perpetual Ltd 0.91% 588,277 $59.3M
15 Cincinnati Casualty Co 0.79% 14,958 $1.5M
16 Soroban Capital Partners LP 0.75% 3,854,815 $388.4M
17 Aventail Capital Group, LP 0.74% 153,186 $15.4M
18 Fortem Financial Group, LLC 0.68% 26,887 $2.7M
19 Duff & Phelps Investment Management Co 0.65% 624,930 $63.0M
20 Baker Ellis Asset Management LLC 0.59% 49,544 $5.0M
21 American Assets Investment Management, LLC 0.57% 83,000 $8.4M
22 Kuhn & Co Investment Counsel 0.56% 8,596 $866K
23 Excalibur Management Corp 0.51% 13,993 $1.4M
24 Cincinnati Insurance Co 0.45% 296,838 $29.9M
25 Holland Advisory Services, Inc. 0.40% 2,976 $300K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Pinnacle West Cap Corp (PNW)

What does the Smart Money Trend signal show for PNW?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added PNW than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PNW?

Slight buying edge — 58% buying: Last quarter: 358 funds bought or added vs 254 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PNW holders?

Elite ownership — 44% AUM from top-100 funds: 61 of 697 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in PNW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PNW?

62% of holders stayed for 2+ years: 433 out of 699 hedge funds have held PNW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Pinnacle West Cap Corp (PNW) following the 2026 Q1 hedge fund 13F filings?

As of today, PNW has moved +4.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the XLU sector ETF — an outperformance of +2.0%. Since the quarter end (March 31, 2026), PNW has gained +1.6% vs -2.5% for XLU. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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