Cliff Asness's PNW Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 377,541 shares of Pinnacle West Capital Corporation (PNW) worth $33.49 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PNW, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2019, adding 1.44 M shares. Largest reduction occurred in Q1 2020, reducing 1.39 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Pinnacle West Capital Corporation (PNW) Holding Value Over Time
Track share changes against reported price movement
Quarterly Pinnacle West Capital Corporation (PNW) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +44,266 | Add 13.28% | 377,541 | $88.70 |
| Q3 2025 | -34,015 | Reduce 9.26% | 333,275 | $88.42 |
| Q2 2025 | -47,239 | Reduce 11.40% | 367,290 | $88.56 |
| Q1 2025 | +149,488 | Add 56.40% | 414,529 | $95.25 |
| Q4 2024 | +135,808 | Add 105.09% | 265,041 | $84.77 |
| Q3 2024 | +69,115 | Add 114.97% | 129,233 | $88.59 |
| Q2 2024 | -41,007 | Reduce 40.55% | 60,118 | $76.30 |
| Q1 2024 | -69,941 | Reduce 40.89% | 101,125 | $74.19 |
| Q4 2023 | -43,795 | Reduce 20.38% | 171,066 | $71.42 |
| Q3 2023 | -52,362 | Reduce 19.59% | 214,861 | $73.68 |
| Q2 2023 | -130,905 | Reduce 32.88% | 267,223 | $81.15 |
| Q1 2023 | -88,288 | Reduce 18.15% | 398,128 | $79.24 |
| Q4 2022 | +32,635 | Add 7.19% | 486,416 | $76.04 |
| Q3 2022 | -80,997 | Reduce 15.15% | 453,781 | $64.51 |
| Q2 2022 | +168,255 | Add 45.91% | 534,778 | $72.32 |
| Q1 2022 | +21,490 | Add 6.23% | 366,523 | $78.09 |
| Q4 2021 | -154,802 | Reduce 30.97% | 345,033 | $70.59 |
| Q3 2021 | -142,277 | Reduce 22.16% | 499,835 | $72.36 |
| Q2 2021 | -53,278 | Reduce 7.66% | 642,112 | $81.47 |
| Q1 2021 | -136,308 | Reduce 16.39% | 695,390 | $80.82 |
| Q4 2020 | +58,299 | Add 7.54% | 831,698 | $79.38 |
| Q3 2020 | -745,627 | Reduce 49.09% | 773,399 | $74.11 |
| Q2 2020 | -1.15 M | Reduce 43.02% | 1.52 M | $72.53 |
| Q1 2020 | -1.39 M | Reduce 34.33% | 2.67 M | $75.79 |
| Q4 2019 | -279,860 | Reduce 6.45% | 4.06 M | $89.60 |
| Q3 2019 | +1.44 M | Add 49.59% | 4.34 M | $97.07 |
| Q2 2019 | +565,847 | Add 24.23% | 2.9 M | $94.09 |
| Q1 2019 | +769,165 | Add 49.13% | 2.33 M | $95.40 |
| Q4 2018 | +168,471 | Add 12.06% | 1.57 M | $85.20 |
| Q3 2018 | -23,657 | Reduce 1.66% | 1.4 M | $79.18 |
| Q2 2018 | +169,634 | Add 13.56% | 1.42 M | $80.56 |
| Q1 2018 | -510,735 | Reduce 28.99% | 1.25 M | $79.80 |
| Q4 2017 | -185,944 | Reduce 9.55% | 1.76 M | $85.18 |
| Q3 2017 | -617,456 | Reduce 24.07% | 1.95 M | $84.56 |
| Q2 2017 | -683,702 | Reduce 21.04% | 2.57 M | $85.16 |
| Q1 2017 | -393,654 | Reduce 10.81% | 3.25 M | $83.38 |
| Q4 2016 | +217,599 | Add 6.35% | 3.64 M | $78.03 |
| Q3 2016 | +337,740 | Add 10.94% | 3.43 M | $75.99 |
| Q2 2016 | +285,929 | Add 10.21% | 3.09 M | $81.06 |
| Q1 2016 | +372,678 | Add 15.34% | 2.8 M | $75.07 |
| Q4 2015 | +110,948 | Add 4.79% | 2.43 M | $64.48 |
| Q3 2015 | +606,906 | Add 35.47% | 2.32 M | $64.14 |
| Q2 2015 | +642,514 | Add 60.13% | 1.71 M | $56.89 |
| Q1 2015 | +312,367 | Add 41.31% | 1.07 M | $63.75 |
| Q4 2014 | +230,192 | Add 43.77% | 756,089 | $68.31 |
| Q3 2014 | -63,614 | Reduce 10.79% | 525,897 | $54.64 |
| Q2 2014 | -16,300 | Reduce 2.69% | 589,511 | $57.84 |
| Q1 2014 | -39,800 | Reduce 6.16% | 605,811 | $54.66 |
| Q4 2013 | +64,552 | Add 11.11% | 645,611 | $52.92 |
| Q3 2013 | -21,356 | Reduce 3.55% | 581,059 | $54.74 |
| Q2 2013 | +602,415 | Add 0.00% | 602,415 | $55.47 |
| Q4 2012 | +464,078 | Add 0.00% | 464,078 | $50.98 |
Cliff Asness's Pinnacle West Capital Corporation Investment FAQs
Cliff Asness first purchased Pinnacle West Capital Corporation (PNW) in Q4 2012, acquiring 464,078 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Pinnacle West Capital Corporation (PNW) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Pinnacle West Capital Corporation (PNW) was in Q3 2019, adding 4,339,341 shares worth $421.22 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 377,541 shares of Pinnacle West Capital Corporation (PNW), valued at approximately $33.49 M.
As of the Q4 2025 filing, Pinnacle West Capital Corporation (PNW) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Pinnacle West Capital Corporation (PNW) was 4,339,341 shares, as reported at the end of Q3 2019.