Pinnacle West Asset Management 13F annual report
Pinnacle West Asset Management is an investment fund managing more than $103 million ran by Arin Wesnitzer. There are currently 100 companies in Mr. Wesnitzer’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $16.3 million.
$103 million Assets Under Management (AUM)
As of 8th August 2023, Pinnacle West Asset Management’s top holding is 24,215 shares of Microsoft currently worth over $8.25 million and making up 8.0% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Pinnacle West Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 41,340 shares of Apple Inc worth $8.02 million, whose value grew 15.5% in the past six months.
The third-largest holding is Unitedhealth Inc worth $3.2 million and the next is Home Depot worth $2.4 million, with 7,740 shares owned.
Currently, Pinnacle West Asset Management's portfolio is worth at least $103 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pinnacle West Asset Management
The Pinnacle West Asset Management office and employees reside in Casper, Wyoming. According to the last 13-F report filed with the SEC, Arin Wesnitzer serves as the Chief Compliance Officer at Pinnacle West Asset Management.
Recent trades
In the most recent 13F filing, Pinnacle West Asset Management revealed that it had opened a new position in
Thornburg Investment Income Bu and bought 53,471 shares worth $1.21 million.
The investment fund also strengthened its position in Home Depot by buying
585 additional shares.
This makes their stake in Home Depot total 7,740 shares worth $2.4 million.
Home Depot soared 4.9% in the past year.
On the other hand, there are companies that Pinnacle West Asset Management is getting rid of from its portfolio.
Pinnacle West Asset Management closed its position in Magellan Midstream Partners L. on 15th August 2023.
It sold the previously owned 10,613 shares for $576 thousand.
Arin Wesnitzer also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $8.25 million and 24,215 shares.
One of the smallest hedge funds
The two most similar investment funds to Pinnacle West Asset Management are Newcastle Partners, L.P. and Newday Solutions. They manage $103 million and $103 million respectively.
Arin Wesnitzer investment strategy
Pinnacle West Asset Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 19.3% of
the total portfolio value.
The fund focuses on investments in the United States as
63.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
66% of the total holdings value.
On the other hand, small-cap stocks make up only 1.0% of the portfolio.
The average market cap of the portfolio companies is close to $230 billion.
The complete list of Pinnacle West Asset Management trades based on 13F SEC filings
These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
0.53%
24,215
|
$8,246,000 | 8.01% |
| Apple Inc |
0.51%
41,340
|
$8,019,000 | 7.79% |
| Unitedhealth Group Inc |
0.60%
6,665
|
$3,203,000 | 3.11% |
| Home Depot, Inc. |
8.18%
7,740
|
$2,404,000 | 2.33% |
| Johnson Johnson |
0.72%
13,845
|
$2,292,000 | 2.23% |
| Amazon.com Inc. |
1.73%
17,575
|
$2,291,000 | 2.22% |
| Chevron Corp. |
1.35%
13,540
|
$2,131,000 | 2.07% |
| Eli Lilly Company |
0.67%
4,450
|
$2,087,000 | 2.03% |
| J P Morgan Chase Company |
1.36%
14,190
|
$2,064,000 | 2.00% |
| Exxon Mobil Corp. |
0.25%
18,659
|
$2,001,000 | 1.94% |
| AMGEN Inc. |
0.36%
8,360
|
$1,856,000 | 1.80% |
| Mcdonalds Corporation |
1.65%
5,970
|
$1,782,000 | 1.73% |
| Meta Platforms Inc |
1.23%
6,035
|
$1,732,000 | 1.68% |
| Williams Companies Inc |
0.03%
48,470
|
$1,582,000 | 1.54% |
| Alphabet Inc |
2.11%
12,990
|
$1,555,000 | 1.51% |
| Blackrock Inc. |
2.05%
2,241
|
$1,549,000 | 1.50% |
| NVIDIA Corp |
2.23%
3,513
|
$1,486,000 | 1.44% |
| Union Pacific Corp. |
0.48%
7,215
|
$1,476,000 | 1.43% |
| Deere Company |
0.96%
3,610
|
$1,463,000 | 1.42% |
| Wal-mart Stores Inc |
0.38%
9,150
|
$1,438,000 | 1.40% |
| Texas Instruments Inc. |
1.71%
7,720
|
$1,390,000 | 1.35% |
| Kinder Morgan Inc |
1.22%
79,083
|
$1,362,000 | 1.32% |
| The Blackstone Group |
1.86%
14,475
|
$1,346,000 | 1.31% |
| Enterprise Products Partners L |
0.62%
50,011
|
$1,318,000 | 1.28% |
| Oracle Corp. |
0.59%
11,035
|
$1,314,000 | 1.28% |
| Cisco Systems, Inc. |
1.01%
24,600
|
$1,273,000 | 1.24% |
| The Walt Disney Company |
1.64%
13,795
|
$1,232,000 | 1.20% |
| Oneok Inc. |
1.53%
19,907
|
$1,229,000 | 1.19% |
| Thornburg Investment Income Bu |
Opened
53,471
|
$1,212,000 | 1.18% |
| Visa Inc |
2.54%
4,790
|
$1,138,000 | 1.10% |
| Caterpillar Inc. |
0.65%
4,580
|
$1,127,000 | 1.09% |
| Goldman Sachs Group, Inc. |
1.19%
3,400
|
$1,097,000 | 1.07% |
| Costco Wholesale Corp |
No change
2,000
|
$1,077,000 | 1.05% |
| Conocophillips |
0.73%
10,225
|
$1,059,000 | 1.03% |
| Automatic Data Processing Inc. |
1.26%
4,700
|
$1,033,000 | 1.00% |
| Merck Company Inc |
1.11%
8,940
|
$1,032,000 | 1.00% |
| Berkshire Hathaway Inc. |
12.84%
2,945
|
$1,004,000 | 0.97% |
| Genuine Parts Co. |
2.89%
5,875
|
$994,000 | 0.97% |
| Procter Gamble Co |
0.72%
6,349
|
$963,000 | 0.94% |
| Honeywell International Inc |
0.55%
4,540
|
$942,000 | 0.91% |
| Boeing Co. |
0.56%
4,420
|
$933,000 | 0.91% |
| Proshares Ultra S&p 500 |
No change
16,000
|
$930,000 | 0.90% |
| Pepsico Inc |
1.28%
4,995
|
$925,000 | 0.90% |
| Intel Corp. |
0.19%
25,925
|
$867,000 | 0.84% |
| Abbott Laboratories |
0.84%
7,695
|
$839,000 | 0.81% |
| United Parcel Service, Inc. |
0.87%
4,575
|
$820,000 | 0.80% |
| Thornburg Small/mid Cap Growth |
Opened
31,929
|
$820,000 | 0.80% |
| Norfolk Southern Corp. |
1.37%
3,600
|
$816,000 | 0.79% |
| Bristol-Myers Squibb Co. |
0.75%
12,243
|
$783,000 | 0.76% |
| Verizon Communications Inc |
0.95%
20,800
|
$774,000 | 0.75% |
| International Business Machine |
1.71%
5,735
|
$767,000 | 0.74% |
| Alphabet Inc |
0.41%
6,045
|
$731,000 | 0.71% |
| Lowe's Companies Inc |
No change
3,100
|
$700,000 | 0.68% |
| Illionois Tool Works Inc |
1.13%
2,625
|
$657,000 | 0.64% |
| Aflac Inc. |
0.27%
9,150
|
$639,000 | 0.62% |
| Starbucks Corp. |
1.21%
6,250
|
$619,000 | 0.60% |
| NextEra Energy Inc |
0.61%
8,120
|
$603,000 | 0.59% |
| Colgate-Palmolive Co. |
0.57%
7,785
|
$600,000 | 0.58% |
| The Coca-cola Company |
0.51%
9,725
|
$586,000 | 0.57% |
| Magellan Midstream Partners L. |
Closed
10,613
|
$576,000 | |
| Qualcomm, Inc. |
1.53%
4,815
|
$573,000 | 0.56% |
| Mondelez International Inc. |
0.66%
7,503
|
$547,000 | 0.53% |
| Lockheed Martin Corp. |
1.25%
1,185
|
$546,000 | 0.53% |
| Medtronic Plc |
0.83%
6,075
|
$535,000 | 0.52% |
| Adobe Systems Inc |
1.36%
1,090
|
$533,000 | 0.52% |
| Danaher Corp. |
0.45%
2,200
|
$528,000 | 0.51% |
| Becton Dickenson Company Inc |
1.57%
1,885
|
$498,000 | 0.48% |
| 3M Co. |
1.29%
4,955
|
$496,000 | 0.48% |
| Intuit Inc |
2.33%
1,050
|
$481,000 | 0.47% |
| Prudential Financial, Inc. |
6.20%
5,310
|
$468,000 | 0.45% |
| Att Inc |
1.47%
27,548
|
$439,000 | 0.43% |
| Toronto Dominion Bank |
0.37%
6,700
|
$415,000 | 0.40% |
| Pfizer Inc. |
1.36%
10,875
|
$399,000 | 0.39% |
| Target Corp |
No change
3,000
|
$396,000 | 0.38% |
| Bhp Group Ltd |
2.33%
6,575
|
$392,000 | 0.38% |
| American Electric Power Company Inc. |
0.54%
4,575
|
$385,000 | 0.37% |
| Royal Bank Of Canada |
No change
4,000
|
$382,000 | 0.37% |
| Linde Plc. |
1.52%
999
|
$381,000 | 0.37% |
| Diageo Plc Adr |
No change
2,135
|
$370,000 | 0.36% |
| Duke Energy Corp. |
0.62%
4,025
|
$361,000 | 0.35% |
| Hershey Company |
1.37%
1,435
|
$358,000 | 0.35% |
| Southern Company |
1.00%
4,975
|
$349,000 | 0.34% |
| Novartis AG |
3.68%
3,275
|
$330,000 | 0.32% |
| Paccar Inc. |
No change
3,900
|
$326,000 | 0.32% |
| Nestle S A Adr |
0.94%
2,640
|
$318,000 | 0.31% |
| General Mills, Inc. |
1.45%
4,065
|
$312,000 | 0.30% |
| Philip Morris International Inc |
No change
3,000
|
$293,000 | 0.28% |
| Weyerhauser Company |
2.39%
8,570
|
$287,000 | 0.28% |
| Black Hills Corporation |
1.06%
4,650
|
$280,000 | 0.27% |
| Skyworks Solutions, Inc. |
4.24%
2,460
|
$272,000 | 0.26% |
| Abbvie Inc |
No change
2,000
|
$269,000 | 0.26% |
| Washington Federal Inc. |
No change
10,000
|
$265,000 | 0.26% |
| Consolidated Edison, Inc. |
1.74%
2,822
|
$255,000 | 0.25% |
| International Paper Co. |
3.93%
7,925
|
$252,000 | 0.24% |
| Raytheon Technologies Corp |
2.22%
2,392
|
$234,000 | 0.23% |
| Walgreens Boots Alliance Inc |
Closed
6,375
|
$220,000 | |
| Seagate Technology |
12.90%
3,500
|
$217,000 | 0.21% |
| DuPont de Nemours Inc |
7.42%
3,024
|
$216,000 | 0.21% |
| Yum! Brands Inc |
Opened
1,500
|
$208,000 | 0.20% |
| General Dynamics Corp. |
No change
965
|
$208,000 | 0.20% |
| Dow Inc |
1.05%
3,872
|
$206,000 | 0.20% |
| Corteva Inc |
1.13%
3,573
|
$205,000 | 0.20% |
| No transactions found | |||
| Showing first 500 out of 102 holdings | |||
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