Pinnacle West Asset Management, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Pinnacle West Asset Management, Inc. reported 105 stock positions worth $126.0 million. Its top holding was Microsoft (MSFT) at 8.4% of the portfolio, followed by Apple (AAPL, 5.6%) and Eli Lilly (LLY, 2.8%). Compared with Q4 2023, it opened 6 new positions, sold out of 1, added to 29 and reduced 50. The biggest buy was Amazon.com (AMZN, shares +0%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
CASPER, WY
CIK
0001975730
Portfolio Value
$126.0M (Q1 2024)
SEC Filing
0001975730-24-000004 ↗ filed Apr 24, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $126.0M $126.0M Q1 2024 Q2 2024: $128.6M Q2 2024 Q3 2024: $139.5M Q3 2024 Q4 2024: $139.7M Q4 2024 Q1 2025: $138.4M Q1 2025 Q2 2025: $144.7M Q2 2025 Q3 2025: $154.4M Q3 2025 Q4 2025: $153.9M Q4 2025 Q1 2026: $147.1M Q1 2026 Q2 2026: $144.7M Q2 2026

Holdings 105 stocks · $126.0M
MSFT Microsoft Corp. 8.36% 25,050 $10.5M Reduce -1.0%
AAPL Apple Inc. 5.58% 40,975 $7.0M Reduce -2.7%
LLY Eli Lilly & Co. 2.82% 4,565 $3.6M Reduce -0.1%
AMZN Amazon.com Inc. 2.78% 19,410 $3.5M Add +0.0%
UNH Unitedhealth Group Inc. 2.78% 7,075 $3.5M Reduce -0.1%
HD Home Depot Inc. 2.67% 8,755 $3.4M Add +1.4%
JPM JPMorgan Chase & Co. 2.51% 15,770 $3.2M Reduce -0.6%
NVDA Nvidia Corp. 2.47% 3,445 $3.1M Reduce -8.0%
META Meta Platforms Inc. Class A 2.44% 6,330 $3.1M Reduce -2.7%
AMGN Amgen Inc. 2.18% 9,645 $2.7M Reduce -0.3%
JNJ Johnson & Johnson 1.89% 15,020 $2.4M Reduce -1.3%
CVX Chevron Corp. 1.79% 14,315 $2.3M Add +0.1%
XOM Exxon Mobil Corp. 1.78% 19,315 $2.2M Reduce -1.1%
GOOGL Alphabet Inc. Class A 1.72% 14,340 $2.2M Reduce -0.6%
WMB Williams Cos Inc. 1.68% 54,369 $2.1M Reduce -0.9%
BLK BlackRock Finance Inc. 1.66% 2,506 $2.1M Reduce -0.4%
BX Blackstone Inc. 1.61% 15,455 $2.0M Reduce -0.3%
WMT Walmart Inc. 1.48% 30,915 $1.9M Add +1.4%
UNP Union Pacific Corp. 1.47% 7,550 $1.9M No change
MCD McDonald's Corp. 1.45% 6,480 $1.8M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.44% 14,835 $1.8M Reduce -0.6%
CAT Caterpillar Inc. 1.42% 4,875 $1.8M Reduce -0.3%
KMI Kinder Morgan Inc. 1.39% 95,650 $1.8M Reduce -0.4%
EPD Enterprise Products Partners 1.39% 59,807 $1.7M Reduce -1.1%
OKE Oneok Inc. 1.38% 21,632 $1.7M No change
GS Goldman Sachs Group Inc. 1.25% 3,785 $1.6M Reduce -0.8%
DE Deere & Co. 1.25% 3,833 $1.6M Reduce -0.4%
V Visa Inc. Class A 1.18% 5,335 $1.5M Add +0.2%
COST Costco Wholesale Corp. 1.16% 2,000 $1.5M No change
ORCL Oracle Corp. 1.11% 11,145 $1.4M Reduce -2.6%
CSCO Cisco Systems Inc. 1.09% 27,500 $1.4M Reduce -1.2%
TXN Texas Instruments Inc. 1.08% 7,830 $1.4M Reduce -1.1%
ADP Automatic Data Processing 1.04% 5,250 $1.3M Reduce -0.3%
COP Conocophillips 1.02% 10,125 $1.3M Reduce -4.7%
INTC Intel Corp. 1.02% 28,979 $1.3M Reduce -1.0%
MRK Merck & Co. Inc. 0.99% 9,480 $1.3M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.97% 2,895 $1.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.96% 6,310 $1.2M Reduce -0.4%
PG The Procter & Gamble Co. 0.85% 6,620 $1.1M Reduce -0.2%
GPC Genuine Parts Co. 0.81% 6,610 $1.0M Add +0.8%
NSC Norfolk Southern Corp. 0.80% 3,945 $1.0M Reduce -0.4%
HON Honeywell International Inc. 0.77% 4,755 $976K No change
PEP Pepsico Inc. 0.75% 5,430 $950K Add +0.5%
VZ Verizon Communications Inc. 0.74% 22,300 $936K Reduce -1.3%
ABT Abbott Laboratories 0.74% 8,180 $930K Reduce -0.9%
QCOM Qualcomm Inc. 0.72% 5,335 $903K Reduce -0.5%
GOOG Alphabet Inc. Class C 0.71% 5,895 $898K Reduce -0.7%
BA The Boeing Co. 0.71% 4,620 $892K Reduce -0.7%
INTU Intuit Inc. 0.68% 1,320 $858K No change
UPS United Parcel Service Class B 0.64% 5,440 $809K Add +4.7%
AFL Aflac Inc. 0.63% 9,310 $799K Reduce -2.1%
LOW Lowe's Cos Inc. 0.63% 3,100 $790K No change
ITW Illinois Tool Works 0.61% 2,845 $763K No change
CL Colgate-Palmolive Co. 0.58% 8,085 $728K Reduce -0.3%
BMY Bristol-Myers Squibb Co. 0.56% 13,055 $708K Reduce -0.7%
PRU Prudential Financial Inc. 0.54% 5,795 $680K Reduce -0.9%
MDT Medtronic PLC 0.54% 7,735 $674K Add +0.5%
SBUX Starbucks Corp. 0.53% 7,360 $673K Add +5.8%
ADBE Adobe Inc. 0.53% 1,315 $664K No change
KO The Coca-Cola Co. 0.52% 10,790 $660K Add +2.9%
DHR Danaher Corp. 0.50% 2,540 $634K Reduce -1.0%
LMT Lockheed Martin Corp. 0.48% 1,325 $603K Add +0.8%
T AT&T Inc. 0.46% 32,752 $576K Reduce -1.3%
MMM 3M Co. 0.45% 5,285 $561K Reduce -0.6%
MDLZ Mondelez International Inc. Class A 0.44% 7,898 $553K No change
NEE Nextera Energy Inc. 0.43% 8,495 $543K Reduce -0.3%
TGT Target Corp. 0.42% 3,000 $532K No change
PCAR Paccar Inc. 0.41% 4,160 $515K Add +3.4%
BDX Becton Dickinson and Co. 0.40% 2,060 $510K Add +0.7%
LIN Linde PLC 0.40% 1,084 $503K No change
STX Seagate Technology Holdings 0.37% 5,065 $471K No change
BHP BHP Group Ltd.-Spon ADR 0.35% 7,725 $446K Add +0.3%
DUK Duke Energy Corp. 0.33% 4,335 $419K Add +0.5%
AEP American Electric Power 0.33% 4,855 $418K Add +0.5%
RY Royal Bank of Canada 0.32% 4,000 $404K No change
IP International Paper Co. 0.32% 10,225 $399K Reduce -0.2%
NVS Novartis AG-Sponsored ADR 0.32% 4,100 $397K Add +0.5%
GD General Dynamics Corp. 0.31% 1,390 $393K Add +0.4%
SO The Southern Co. 0.30% 5,355 $384K Add +0.4%
DEO Diageo PLC-Sponsored ADR 0.30% 2,500 $372K Add +2.7%
PFE Pfizer Inc. 0.30% 13,400 $372K Add +1.1%
SWKS Skyworks Solutions Inc. 0.29% 3,415 $370K No change
ABBV Abbvie Inc. 0.29% 2,000 $364K No change
WY Weyerhaeuser Co. 0.28% 9,840 $353K Reduce -0.3%
HII Huntington Ingalls Industrie 0.28% 1,195 $348K Add +1.3%
CRM Salesforce Inc. 0.26% 1,105 $333K No change
HSY The Hershey Co. 0.26% 1,685 $328K No change
TD Toronto-Dominion Bank 0.25% 5,275 $319K Reduce -19.5%
GIS General Mills Inc. 0.25% 4,420 $309K Reduce -0.6%
NSRGY Nestle SA-Spons ADR 0.24% 2,830 $301K Reduce -0.9%
WAFD Wafd Inc. 0.23% 10,000 $290K No change
ED Consolidated Edison Inc. 0.23% 3,125 $284K Add +1.6%
BKH Black Hills Corp. 0.22% 5,040 $275K Reduce -0.5%
PM Philip Morris International 0.22% 3,000 $275K No change
RTX RTX Corp. 0.22% 2,795 $273K Add +2.2%
DD Dupont DE Nemours Inc. 0.20% 3,340 $256K Add +0.7%
DOW Dow Inc. 0.20% 4,313 $250K Add +0.5%
CTVA Corteva Inc. 0.18% 4,006 $231K New
AXP American Express Co. 0.18% 1,000 $228K New
ATO Atmos Energy Corp. 0.18% 1,885 $224K New

Show all 105 holdings

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -2.7% 5.58% −1.37
UNH Unitedhealth Group Inc. Reduce -0.1% 2.78% −0.42
BA The Boeing Co. Reduce -0.7% 0.71% −0.33
INTC Intel Corp. Reduce -1.0% 1.02% −0.25
AMGN Amgen Inc. Reduce -0.3% 2.18% −0.21
MCD McDonald's Corp. Reduce -0.5% 1.45% −0.20
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.18
JNJ Johnson & Johnson Reduce -1.3% 1.89% −0.16
BX Blackstone Inc. Reduce -0.3% 1.61% −0.13
CSCO Cisco Systems Inc. Reduce -1.2% 1.09% −0.12
TD Toronto-Dominion Bank Reduce -19.5% 0.25% −0.11
BLK BlackRock Finance Inc. Reduce -0.4% 1.66% −0.09
TXN Texas Instruments Inc. Reduce -1.1% 1.08% −0.07
DE Deere & Co. Reduce -0.4% 1.25% −0.07
KMI Kinder Morgan Inc. Reduce -0.4% 1.39% −0.06
MMM 3M Co. Reduce -0.6% 0.45% −0.05
NSRGY Nestle SA-Spons ADR Reduce -0.9% 0.24% −0.04
ABT Abbott Laboratories Reduce -0.9% 0.74% −0.04
AFL Aflac Inc. Reduce -2.1% 0.63% −0.04
COP Conocophillips Reduce -4.7% 1.02% −0.03
T AT&T Inc. Reduce -1.3% 0.46% −0.02
BMY Bristol-Myers Squibb Co. Reduce -0.7% 0.56% −0.02
BKH Black Hills Corp. Reduce -0.5% 0.22% −0.02
WY Weyerhaeuser Co. Reduce -0.3% 0.28% −0.01
NEE Nextera Energy Inc. Reduce -0.3% 0.43% −0.01
ADP Automatic Data Processing Reduce -0.3% 1.04% −0.01
GOOGL Alphabet Inc. Class A Reduce -0.6% 1.72% −0.01
GS Goldman Sachs Group Inc. Reduce -0.8% 1.25% −0.01
DHR Danaher Corp. Reduce -1.0% 0.50% −0.01
NSC Norfolk Southern Corp. Reduce -0.4% 0.80% −0.00
GOOG Alphabet Inc. Class C Reduce -0.7% 0.71% −0.00
GIS General Mills Inc. Reduce -0.6% 0.25% −0.00
IP International Paper Co. Reduce -0.2% 0.32% −0.00
VZ Verizon Communications Inc. Reduce -1.3% 0.74% +0.01
PG The Procter & Gamble Co. Reduce -0.2% 0.85% +0.02
EPD Enterprise Products Partners Reduce -1.1% 1.39% +0.02
PRU Prudential Financial Inc. Reduce -0.9% 0.54% +0.02
CL Colgate-Palmolive Co. Reduce -0.3% 0.58% +0.02
WMB Williams Cos Inc. Reduce -0.9% 1.68% +0.04
QCOM Qualcomm Inc. Reduce -0.5% 0.72% +0.05
IBM Intl Business Machines Corp. Reduce -0.4% 0.96% +0.07
ORCL Oracle Corp. Reduce -2.6% 1.11% +0.08
MRK Merck & Co. Inc. Reduce -0.5% 0.99% +0.10
XOM Exxon Mobil Corp. Reduce -1.1% 1.78% +0.11
CAT Caterpillar Inc. Reduce -0.3% 1.42% +0.18
JPM JPMorgan Chase & Co. Reduce -0.6% 2.51% +0.19
MSFT Microsoft Corp. Reduce -1.0% 8.36% +0.21
DIS The Walt Disney Co. Reduce -0.6% 1.44% +0.29
META Meta Platforms Inc. Class A Reduce -2.7% 2.44% +0.47
LLY Eli Lilly & Co. Reduce -0.1% 2.82% +0.53

Portfolio Buys Q4 2023 → Q1 2024
AMZN Amazon.com Inc. Add +0.0% 2.78% +0.25
CTVA Corteva Inc. New 0.18% +0.18
AXP American Express Co. New 0.18% +0.18
ATO Atmos Energy Corp. New 0.18% +0.18
XIFR XPLR Infrastructure LP New 0.17% +0.17
YUM Yum! Brands Inc. New 0.17% +0.17
PSX Phillips 66 New 0.16% +0.16
WMT Walmart Inc. Add +1.4% 1.48% +0.10
HD Home Depot Inc. Add +1.4% 2.67% +0.10
PCAR Paccar Inc. Add +3.4% 0.41% +0.07
GPC Genuine Parts Co. Add +0.8% 0.81% +0.03
RTX RTX Corp. Add +2.2% 0.22% +0.02
HII Huntington Ingalls Industrie Add +1.3% 0.28% +0.01
GD General Dynamics Corp. Add +0.4% 0.31% +0.00
DOW Dow Inc. Add +0.5% 0.20% −0.00
AEP American Electric Power Add +0.5% 0.33% −0.00
KO The Coca-Cola Co. Add +2.9% 0.52% −0.01
V Visa Inc. Class A Add +0.2% 1.18% −0.01
MDT Medtronic PLC Add +0.5% 0.54% −0.01
DEO Diageo PLC-Sponsored ADR Add +2.7% 0.30% −0.01
OGE Oge Energy Corp. Add +1.2% 0.17% −0.01
ED Consolidated Edison Inc. Add +1.6% 0.23% −0.01
DD Dupont DE Nemours Inc. Add +0.7% 0.20% −0.02
SO The Southern Co. Add +0.4% 0.30% −0.02
BDX Becton Dickinson and Co. Add +0.7% 0.40% −0.02
DUK Duke Energy Corp. Add +0.5% 0.33% −0.03
PFE Pfizer Inc. Add +1.1% 0.30% −0.03
LMT Lockheed Martin Corp. Add +0.8% 0.48% −0.03
PEP Pepsico Inc. Add +0.5% 0.75% −0.03
WBD Warner Bros Discovery Inc. Add +2.8% 0.10% −0.04
CVX Chevron Corp. Add +0.1% 1.79% −0.04
NVS Novartis AG-Sponsored ADR Add +0.5% 0.32% −0.04
SBUX Starbucks Corp. Add +5.8% 0.53% −0.04
UPS United Parcel Service Class B Add +4.7% 0.64% −0.06
BHP BHP Group Ltd.-Spon ADR Add +0.3% 0.35% −0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 104$144.7MAAPL, STX, NVDA, CAT, GOOGL
Q1 2026 114$147.1MAAPL, MSFT, NVDA, JPM, LLY
Q4 2025 114$153.9MMSFT, AAPL, NVDA, LLY, JPM
Q3 2025 116$154.4MMSFT, AAPL, NVDA, JPM, AMZN
Q2 2025 113$144.7MMSFT, AAPL, NVDA, AMZN, JPM
Q1 2025 112$138.4MMSFT, AAPL, UNH, AMZN, JPM
Q4 2024 114$139.7MMSFT, AAPL, AMZN, NVDA, JPM
Q3 2024 113$139.5MMSFT, AAPL, UNH, LLY, NVDA
Q2 2024 105$128.6MMSFT, AAPL, NVDA, LLY, AMZN
Q1 2024 105$126.0MMSFT, AAPL, LLY, AMZN, UNH