Pinnacle West Asset Management, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 23, 2024), Pinnacle West Asset Management, Inc. reported 113 stock positions worth $139.5 million. Its top holding was Microsoft (MSFT) at 7.6% of the portfolio, followed by Apple (AAPL, 6.6%) and Unitedhealth (UNH, 3.0%). Compared with Q2 2024, it opened 9 new positions, sold out of 1, added to 64 and reduced 19. The biggest buy was Home Depot (HD, shares +1%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
CASPER, WY
CIK
0001975730
Portfolio Value
$139.5M (Q3 2024)
SEC Filing
0001975730-24-000008 ↗ filed Oct 23, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $126.0M Q1 2024 Q2 2024: $128.6M Q2 2024 Q3 2024: $139.5M $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 113 stocks · $139.5M
MSFT Microsoft Corp. 7.56% 24,505 $10.5M Reduce -0.7%
AAPL Apple Inc. 6.57% 39,340 $9.2M Reduce -1.4%
UNH Unitedhealth Group Inc. 2.99% 7,130 $4.2M Add +0.8%
LLY Eli Lilly & Co. 2.89% 4,545 $4.0M Reduce -0.1%
NVDA Nvidia Corp. 2.81% 32,290 $3.9M Reduce -5.7%
AMZN Amazon.com Inc. 2.60% 19,470 $3.6M Add +0.6%
HD Home Depot Inc. 2.58% 8,885 $3.6M Add +0.8%
META Meta Platforms Inc. Class A 2.44% 5,950 $3.4M Reduce -3.0%
JPM JPMorgan Chase & Co. 2.34% 15,455 $3.3M Reduce -0.8%
AMGN Amgen Inc. 2.24% 9,695 $3.1M Add +0.6%
WMT Walmart Inc. 1.85% 32,005 $2.6M Add +2.3%
WMB Williams Cos Inc. 1.78% 54,544 $2.5M Add +0.3%
JNJ Johnson & Johnson 1.76% 15,145 $2.5M Add +0.2%
BLK BlackRock Finance Inc. 1.73% 2,536 $2.4M Add +1.6%
BX Blackstone Inc. 1.65% 15,055 $2.3M Reduce -0.7%
XOM Exxon Mobil Corp. 1.65% 19,615 $2.3M Add +1.4%
GOOGL Alphabet Inc. Class A 1.59% 13,415 $2.2M Reduce -4.9%
CVX Chevron Corp. 1.55% 14,655 $2.2M Add +2.3%
KMI Kinder Morgan Inc. 1.52% 96,150 $2.1M Add +0.5%
MCD McDonald's Corp. 1.44% 6,590 $2.0M Add +1.3%
OKE Oneok Inc. 1.42% 21,782 $2.0M Add +0.7%
CAT Caterpillar Inc. 1.37% 4,900 $1.9M Add +1.0%
ORCL Oracle Corp. 1.35% 11,045 $1.9M Reduce -0.9%
UNP Union Pacific Corp. 1.35% 7,620 $1.9M Add +0.9%
GS Goldman Sachs Group Inc. 1.34% 3,775 $1.9M Reduce -0.3%
COST Costco Wholesale Corp. 1.27% 2,000 $1.8M No change
EPD Enterprise Products Partners 1.25% 60,107 $1.8M Add +0.5%
DE Deere & Co. 1.16% 3,873 $1.6M Add +1.4%
TXN Texas Instruments Inc. 1.13% 7,655 $1.6M Reduce -1.9%
V Visa Inc. Class A 1.06% 5,355 $1.5M No change
ADP Automatic Data Processing 1.04% 5,260 $1.5M No change
CSCO Cisco Systems Inc. 1.04% 27,300 $1.5M Reduce -0.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.00% 6,335 $1.4M Add +0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.00% 14,520 $1.4M Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.94% 2,835 $1.3M Reduce -0.3%
PG The Procter & Gamble Co. 0.83% 6,650 $1.2M No change
MRK Merck & Co. Inc. 0.77% 9,480 $1.1M No change
COP Conocophillips 0.76% 10,060 $1.1M Add +0.5%
VZ Verizon Communications Inc. 0.73% 22,600 $1.0M No change
NSC Norfolk Southern Corp. 0.72% 4,045 $1.0M Add +1.6%
HON Honeywell International Inc. 0.72% 4,845 $1.0M Add +1.6%
AFL Aflac Inc. 0.70% 8,710 $974K Reduce -4.4%
GPC Genuine Parts Co. 0.69% 6,860 $958K Add +2.3%
PEP Pepsico Inc. 0.68% 5,565 $946K Add +2.2%
ABT Abbott Laboratories 0.68% 8,285 $945K Add +1.3%
GOOG Alphabet Inc. Class C 0.67% 5,600 $936K Reduce -1.3%
QCOM Qualcomm Inc. 0.64% 5,270 $896K Reduce -0.5%
UPS United Parcel Service Class B 0.62% 6,360 $867K Add +12.6%
CL Colgate-Palmolive Co. 0.61% 8,165 $848K Add +0.6%
INTU Intuit Inc. 0.61% 1,360 $845K No change
LOW Lowe's Cos Inc. 0.60% 3,100 $840K No change
KO The Coca-Cola Co. 0.57% 11,135 $800K Add +1.6%
LMT Lockheed Martin Corp. 0.56% 1,345 $786K Add +1.1%
ITW Illinois Tool Works 0.55% 2,940 $770K Add +2.8%
MMM 3M Co. 0.55% 5,580 $763K Add +7.9%
SBUX Starbucks Corp. 0.54% 7,745 $755K Add +3.3%
NEE Nextera Energy Inc. 0.52% 8,585 $726K Add +0.9%
MDT Medtronic PLC 0.52% 8,010 $721K Add +3.6%
BA The Boeing Co. 0.51% 4,695 $714K Add +7.8%
T AT&T Inc. 0.51% 32,202 $708K Reduce -1.5%
ADBE Adobe Inc. 0.51% 1,365 $707K No change
BMY Bristol-Myers Squibb Co. 0.50% 13,550 $701K Add +2.3%
DHR Danaher Corp. 0.50% 2,515 $699K No change
PRU Prudential Financial Inc. 0.50% 5,745 $696K Reduce -0.9%
INTC Intel Corp. 0.49% 28,979 $680K No change
MDLZ Mondelez International Inc. Class A 0.43% 8,130 $599K Add +2.6%
STX Seagate Technology Holdings 0.41% 5,215 $571K Add +0.5%
BDX Becton Dickinson and Co. 0.38% 2,220 $535K Add +5.0%
LIN Linde PLC 0.38% 1,100 $525K Add +0.9%
DUK Duke Energy Corp. 0.37% 4,540 $523K Add +2.6%
IP International Paper Co. 0.37% 10,575 $517K Add +1.9%
BHP BHP Group Ltd.-Spon ADR 0.36% 8,150 $506K Add +2.8%
AEP American Electric Power 0.36% 4,900 $503K Add +0.5%
PCAR Paccar Inc. 0.36% 5,060 $499K Add +11.6%
RY Royal Bank of Canada 0.36% 4,000 $499K No change
SO The Southern Co. 0.35% 5,405 $487K No change
NVS Novartis AG-Sponsored ADR 0.34% 4,130 $475K Add +0.7%
DRI Darden Restaurants Inc. 0.34% 2,850 $468K Add +42.5%
TGT Target Corp. 0.34% 3,000 $468K No change
GD General Dynamics Corp. 0.32% 1,490 $450K Add +5.3%
PFE Pfizer Inc. 0.30% 14,675 $425K Add +5.6%
ABBV Abbvie Inc. 0.28% 2,000 $395K No change
DEO Diageo PLC-Sponsored ADR 0.28% 2,815 $395K Add +8.7%
WY Weyerhaeuser Co. 0.27% 11,065 $375K Add +7.5%
PM Philip Morris International 0.26% 3,000 $364K No change
RTX RTX Corp. 0.26% 3,005 $364K Add +4.7%
WAFD Wafd Inc. 0.25% 10,000 $348K No change
SWKS Skyworks Solutions Inc. 0.25% 3,515 $347K No change
HSY The Hershey Co. 0.25% 1,805 $346K Add +1.4%
GIS General Mills Inc. 0.25% 4,645 $343K Add +2.2%
HII Huntington Ingalls Industrie 0.25% 1,295 $342K Add +6.2%
ED Consolidated Edison Inc. 0.23% 3,135 $326K No change
BKH Black Hills Corp. 0.23% 5,265 $322K Add +2.9%
CRM Salesforce Inc. 0.22% 1,130 $309K Add +1.4%
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.22% 11,075 $306K Add +27.7%
DD Dupont DE Nemours Inc. 0.22% 3,373 $301K Add +0.2%
NSRGY Nestle SA-Spons ADR 0.21% 2,930 $295K Add +1.7%
AXP American Express Co. 0.19% 1,000 $271K No change
ATO Atmos Energy Corp. 0.19% 1,955 $271K No change
OGE Oge Energy Corp. 0.19% 6,435 $264K Add +2.8%
SYK Stryker Corp. 0.18% 715 $258K New
SNN Smith & Nephew PLC -Spon ADR 0.18% 8,075 $251K New
CTVA Corteva Inc. 0.18% 4,223 $248K Add +3.9%
CLX Clorox Company 0.18% 1,515 $247K New
WEC WEC Energy Group Inc. 0.18% 2,565 $247K New
AWK American Water Works Co. Inc. 0.17% 1,645 $241K Add +1.5%
DOW Dow Inc. 0.17% 4,379 $239K Add +1.3%
D Dominion Energy Inc. 0.17% 4,120 $238K New
SNY Sanofi-ADR 0.17% 4,100 $236K New
YUM Yum! Brands Inc. 0.15% 1,500 $210K New
SRE Sempra 0.15% 2,460 $206K New
CHKP Check Point Software Tech 0.14% 1,040 $201K New
WBD Warner Bros Discovery Inc. 0.09% 14,578 $120K Add +2.0%

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -0.7% 7.56% −1.02
NVDA Nvidia Corp. Reduce -5.7% 2.81% −0.48
GOOGL Alphabet Inc. Class A Reduce -4.9% 1.59% −0.40
LLY Eli Lilly & Co. Reduce -0.1% 2.89% −0.32
QCOM Qualcomm Inc. Reduce -0.5% 0.64% −0.18
TD Toronto-Dominion Bank Sold out 0.00% −0.16
GOOG Alphabet Inc. Class C Reduce -1.3% 0.67% −0.14
DIS The Walt Disney Co. Reduce -0.9% 1.00% −0.13
JPM JPMorgan Chase & Co. Reduce -0.8% 2.34% −0.11
TXN Texas Instruments Inc. Reduce -1.9% 1.13% −0.05
PRU Prudential Financial Inc. Reduce -0.9% 0.50% −0.03
GS Goldman Sachs Group Inc. Reduce -0.3% 1.34% +0.01
T AT&T Inc. Reduce -1.5% 0.51% +0.02
CSCO Cisco Systems Inc. Reduce -0.7% 1.04% +0.03
AAPL Apple Inc. Reduce -1.4% 6.57% +0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 0.94% +0.04
META Meta Platforms Inc. Class A Reduce -3.0% 2.44% +0.04
AFL Aflac Inc. Reduce -4.4% 0.70% +0.07
ORCL Oracle Corp. Reduce -0.9% 1.35% +0.13
BX Blackstone Inc. Reduce -0.7% 1.65% +0.19

Portfolio Buys Q2 2024 → Q3 2024
HD Home Depot Inc. Add +0.8% 2.58% +0.22
WMT Walmart Inc. Add +2.3% 1.85% +0.21
BLK BlackRock Finance Inc. Add +1.6% 1.73% +0.20
UNH Unitedhealth Group Inc. Add +0.8% 2.99% +0.19
SYK Stryker Corp. New 0.18% +0.18
SNN Smith & Nephew PLC -Spon ADR New 0.18% +0.18
CLX Clorox Company New 0.18% +0.18
WEC WEC Energy Group Inc. New 0.18% +0.18
D Dominion Energy Inc. New 0.17% +0.17
SNY Sanofi-ADR New 0.17% +0.17
IBM Intl Business Machines Corp. Add +0.4% 1.00% +0.16
YUM Yum! Brands Inc. New 0.15% +0.15
MCD McDonald's Corp. Add +1.3% 1.44% +0.15
SRE Sempra New 0.15% +0.15
CHKP Check Point Software Tech New 0.14% +0.14
MMM 3M Co. Add +7.9% 0.55% +0.14
CAT Caterpillar Inc. Add +1.0% 1.37% +0.12
DRI Darden Restaurants Inc. Add +42.5% 0.34% +0.10
SBUX Starbucks Corp. Add +3.3% 0.54% +0.09
LMT Lockheed Martin Corp. Add +1.1% 0.56% +0.08
BMY Bristol-Myers Squibb Co. Add +2.3% 0.50% +0.07
NSC Norfolk Southern Corp. Add +1.6% 0.72% +0.06
NEE Nextera Energy Inc. Add +0.9% 0.52% +0.05
OKE Oneok Inc. Add +0.7% 1.42% +0.05
DE Deere & Co. Add +1.4% 1.16% +0.05
KMI Kinder Morgan Inc. Add +0.5% 1.52% +0.04
MDT Medtronic PLC Add +3.6% 0.52% +0.04
WY Weyerhaeuser Co. Add +7.5% 0.27% +0.04
JNJ Johnson & Johnson Add +0.2% 1.76% +0.04
RTX RTX Corp. Add +4.7% 0.26% +0.04
XIFR XPLR Infrastructure LP Add +27.7% 0.22% +0.03
KO The Coca-Cola Co. Add +1.6% 0.57% +0.03
DUK Duke Energy Corp. Add +2.6% 0.37% +0.03
DEO Diageo PLC-Sponsored ADR Add +8.7% 0.28% +0.03
AEP American Electric Power Add +0.5% 0.36% +0.03
MDLZ Mondelez International Inc. Class A Add +2.6% 0.43% +0.03
ITW Illinois Tool Works Add +2.8% 0.55% +0.02
IP International Paper Co. Add +1.9% 0.37% +0.02
GIS General Mills Inc. Add +2.2% 0.25% +0.02
UPS United Parcel Service Class B Add +12.6% 0.62% +0.02
UNP Union Pacific Corp. Add +0.9% 1.35% +0.02
ABT Abbott Laboratories Add +1.3% 0.68% +0.02
OGE Oge Energy Corp. Add +2.8% 0.19% +0.02
BKH Black Hills Corp. Add +2.9% 0.23% +0.01
BHP BHP Group Ltd.-Spon ADR Add +2.8% 0.36% +0.01
HII Huntington Ingalls Industrie Add +6.2% 0.25% +0.01
AWK American Water Works Co. Inc. Add +1.5% 0.17% +0.01
CTVA Corteva Inc. Add +3.9% 0.18% +0.01
DD Dupont DE Nemours Inc. Add +0.2% 0.22% +0.01
LIN Linde PLC Add +0.9% 0.38% +0.00

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