Latest Pinnacle West Asset Management, Inc. Stock Portfolio
Pinnacle West Asset Management, Inc. Performance:
2024 Q3: 6.29%YTD: 17.38%2023: 15.42%
Performance for 2024 Q3 is 6.29%, and YTD is 17.38%, and 2023 is 15.42%.
About Pinnacle West Asset Management, Inc. and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Pinnacle West Asset Management, Inc. reported an equity portfolio of $139.5 Millions as of 30 Sep, 2024.
The top stock holdings of Pinnacle West Asset Management, Inc. are MSFT, AAPL, UNH. The fund has invested 7.6% of it's portfolio in MICROSOFT CORPORATION and 6.6% of portfolio in APPLE INC.
The fund managers got completely rid off TORONTO-DOMINION BANK stocks. They significantly reduced their stock positions in NVIDIA CORP (NVDA), ALPHABET INC CLASS A (GOOG) and AFLAC INC (AFL). Pinnacle West Asset Management, Inc. opened new stock positions in STRYKER CORPORATION (SYK), SMITH & NEPHEW PLC and WEC ENERGY GROUP INC (WEC). The fund showed a lot of confidence in some stocks as they added substantially to DARDEN RESTURANTS INC (DRI), NEXTERA ENERGY PARTNERS (NEP) and UNITED PARCEL SERVICE CLASS B (UPS).
The top stock holdings of Pinnacle West Asset Management, Inc. are MSFT, AAPL, UNH. The fund has invested 7.6% of it's portfolio in MICROSOFT CORPORATION and 6.6% of portfolio in APPLE INC.
The fund managers got completely rid off TORONTO-DOMINION BANK stocks. They significantly reduced their stock positions in NVIDIA CORP (NVDA), ALPHABET INC CLASS A (GOOG) and AFLAC INC (AFL). Pinnacle West Asset Management, Inc. opened new stock positions in STRYKER CORPORATION (SYK), SMITH & NEPHEW PLC and WEC ENERGY GROUP INC (WEC). The fund showed a lot of confidence in some stocks as they added substantially to DARDEN RESTURANTS INC (DRI), NEXTERA ENERGY PARTNERS (NEP) and UNITED PARCEL SERVICE CLASS B (UPS).
Pinnacle West Asset Management, Inc. Annual Return Estimates Vs S&P 500
Our best estimate is that Pinnacle West Asset Management, Inc. made a return of 6.29% in the last quarter. In trailing 12 months, it's portfolio return was 27.6%.
New Buys
| Ticker | $ Bought |
|---|---|
| stryker corporation | 258,000 |
| smith & nephew plc | 251,000 |
| clorox corp | 247,000 |
| wec energy group inc | 247,000 |
| dominion energy inc | 238,000 |
| sanofi adr | 236,000 |
| yum! brands inc | 210,000 |
| sempra energy | 206,000 |
New stocks bought by Pinnacle West Asset Management, Inc.
Additions
| Ticker | % Inc. |
|---|---|
| darden resturants inc | 42.5 |
| nextera energy partners | 27.67 |
| united parcel service class b | 12.57 |
| paccar inc | 11.58 |
| diageo plc adr | 8.69 |
| 3m company | 7.93 |
| boeing company inc | 7.81 |
| weyerhauser company | 7.53 |
Additions to existing portfolio by Pinnacle West Asset Management, Inc.
Reductions
| Ticker | % Reduced |
|---|---|
| nvidia corp | -5.72 |
| alphabet inc class a | -4.86 |
| aflac inc | -4.39 |
| meta platforms inc | -3.02 |
| texas instruments inc | -1.92 |
| at&t inc | -1.53 |
| apple inc | -1.43 |
| alphabet inc class c | -1.32 |
Pinnacle West Asset Management, Inc. reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| toronto-dominion bank | -206,000 |
Pinnacle West Asset Management, Inc. got rid off the above stocks
Sector Distribution
Pinnacle West Asset Management, Inc. has about 24.6% of it's holdings in Technology sector.
| Sector | % |
|---|---|
| Technology | 24.6 |
| Healthcare | 14 |
| Industrials | 10.3 |
| Energy | 9.9 |
| Financial Services | 9.8 |
| Consumer Cyclical | 9.3 |
| Consumer Defensive | 7.5 |
| Communication Services | 7 |
| Utilities | 3.3 |
| Others | 3 |
Market Cap. Distribution
Pinnacle West Asset Management, Inc. has about 96.2% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MEGA-CAP | 49.8 |
| LARGE-CAP | 46.4 |
| UNALLOCATED | 3 |
Stocks belong to which Index?
About 94.9% of the stocks held by Pinnacle West Asset Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 94.9 |
| Others | 4.6 |
Pinnacle West Asset Management, Inc. Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Pinnacle West Asset Management, Inc.
Pinnacle West Asset Management, Inc. has 113 stocks in it's portfolio. About 35% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Pinnacle West Asset Management, Inc. last quarter.
Last Reported on: 23 Oct, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAPL | apple inc | 6.57 | 39,340 | 9,166,000 | reduced | -1.43 | ||
| ABBV | abbvie | 0.28 | 2,000 | 395,000 | unchanged | 0.00 | ||
| ABT | abbott laboratories inc | 0.68 | 8,285 | 945,000 | added | 1.28 | ||
| ADBE | adobe systems inc | 0.51 | 1,365 | 707,000 | unchanged | 0.00 | ||
| ADP | automatic data processing inc | 1.04 | 5,260 | 1,456,000 | unchanged | 0.00 | ||
| AEP | american electric power inc | 0.36 | 4,900 | 503,000 | added | 0.51 | ||
| AFL | aflac inc | 0.70 | 8,710 | 974,000 | reduced | -4.39 | ||
| AMGN | amgen inc | 2.24 | 9,695 | 3,124,000 | added | 0.57 | ||
| AMZN | amazon.com inc | 2.60 | 19,470 | 3,628,000 | added | 0.57 | ||
| ATO | atmos energy corporation | 0.19 | 1,955 | 271,000 | unchanged | 0.00 | ||
| AWK | american water works company i | 0.17 | 1,645 | 241,000 | added | 1.54 | ||
| AXP | american express co | 0.19 | 1,000 | 271,000 | unchanged | 0.00 | ||
| BA | boeing company inc | 0.51 | 4,695 | 714,000 | added | 7.81 | ||
| BDX | becton dickenson & company inc | 0.38 | 2,220 | 535,000 | added | 4.96 | ||
| BKH | black hills corporation | 0.23 | 5,265 | 322,000 | added | 2.93 | ||
| BLK | blackrock inc | 1.73 | 2,536 | 2,408,000 | added | 1.6 | ||
| BMY | bristol-myers squibb company | 0.50 | 13,550 | 701,000 | added | 2.26 | ||
| BX | the blackstone group | 1.65 | 15,055 | 2,305,000 | reduced | -0.66 | ||
| CAT | caterpillar inc | 1.37 | 4,900 | 1,916,000 | added | 1.03 | ||
| CHKP | check point software technolog | 0.14 | 1,040 | 201,000 | new | |||