Pinnacle West Asset Management, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Pinnacle West Asset Management, Inc. reported 114 stock positions worth $139.7 million. Its top holding was Microsoft (MSFT) at 7.4% of the portfolio, followed by Apple (AAPL, 6.9%) and Amazon.com (AMZN, 3.1%). Compared with Q3 2024, it opened 3 new positions, sold out of 2, added to 48 and reduced 18. The biggest buy was Amazon.com (AMZN, shares +0%) and the biggest sale Eli Lilly (LLY, shares −3%).

Most Recent 13F
Q2 2026
Location
CASPER, WY
CIK
0001975730
Portfolio Value
$139.7M (Q4 2024)
SEC Filing
0001975730-25-000002 ↗ filed Feb 4, 2025

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 Q3 2024 Q4 2024: $139.7M $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 114 stocks · $139.7M
MSFT Microsoft Corp. 7.37% 24,435 $10.3M Reduce -0.3%
AAPL Apple Inc. 6.93% 38,680 $9.7M Reduce -1.7%
AMZN Amazon.com Inc. 3.06% 19,515 $4.3M Add +0.2%
NVDA Nvidia Corp. 2.78% 28,940 $3.9M Reduce -10.4%
JPM JPMorgan Chase & Co. 2.61% 15,215 $3.6M Reduce -1.6%
UNH Unitedhealth Group Inc. 2.57% 7,105 $3.6M Reduce -0.3%
HD Home Depot Inc. 2.47% 8,885 $3.5M No change
LLY Eli Lilly & Co. 2.45% 4,425 $3.4M Reduce -2.6%
META Meta Platforms Inc. Class A 2.43% 5,800 $3.4M Reduce -2.5%
WMB Williams Cos Inc. 2.11% 54,544 $3.0M No change
WMT Walmart Inc. 2.09% 32,355 $2.9M Add +1.1%
BLK BlackRock Finance Inc. 1.95% 2,662 $2.7M Add +5.0%
KMI Kinder Morgan Inc. 1.89% 96,150 $2.6M No change
AMGN Amgen Inc. 1.81% 9,695 $2.5M No change
GOOGL Alphabet Inc. Class A 1.79% 13,240 $2.5M Reduce -1.3%
BX Blackstone Inc. 1.75% 14,205 $2.4M Reduce -5.7%
GS Goldman Sachs Group Inc. 1.66% 4,045 $2.3M Add +7.2%
CVX Chevron Corp. 1.58% 15,230 $2.2M Add +3.9%
JNJ Johnson & Johnson 1.57% 15,145 $2.2M No change
OKE Oneok Inc. 1.57% 21,782 $2.2M No change
XOM Exxon Mobil Corp. 1.55% 20,090 $2.2M Add +2.4%
MCD McDonald's Corp. 1.38% 6,640 $1.9M Add +0.8%
EPD Enterprise Products Partners 1.35% 60,107 $1.9M No change
COST Costco Wholesale Corp. 1.31% 2,000 $1.8M No change
ORCL Oracle Corp. 1.31% 10,960 $1.8M Reduce -0.8%
CAT Caterpillar Inc. 1.27% 4,895 $1.8M Reduce -0.1%
UNP Union Pacific Corp. 1.24% 7,620 $1.7M No change
DE Deere & Co. 1.22% 4,023 $1.7M Add +3.9%
V Visa Inc. Class A 1.21% 5,355 $1.7M No change
CSCO Cisco Systems Inc. 1.16% 27,300 $1.6M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.15% 14,470 $1.6M Reduce -0.3%
ADP Automatic Data Processing 1.10% 5,260 $1.5M No change
TXN Texas Instruments Inc. 1.02% 7,580 $1.4M Reduce -1.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.00% 6,335 $1.4M No change
BRK.B Berkshire Hathaway Inc. Class B 0.90% 2,785 $1.3M Reduce -1.8%
PG The Procter & Gamble Co. 0.80% 6,650 $1.1M No change
HON Honeywell International Inc. 0.79% 4,865 $1.1M Add +0.4%
COP Conocophillips 0.72% 10,185 $1.0M Add +1.2%
NSC Norfolk Southern Corp. 0.68% 4,045 $949K No change
MRK Merck & Co. Inc. 0.67% 9,430 $938K Reduce -0.5%
ABT Abbott Laboratories 0.67% 8,285 $937K No change
GOOG Alphabet Inc. Class C 0.67% 4,890 $931K Reduce -12.7%
VZ Verizon Communications Inc. 0.65% 22,610 $904K Add +0.0%
UPS United Parcel Service Class B 0.64% 7,050 $889K Add +10.8%
PEP Pepsico Inc. 0.64% 5,830 $887K Add +4.8%
INTU Intuit Inc. 0.61% 1,360 $855K No change
AFL Aflac Inc. 0.61% 8,210 $849K Reduce -5.7%
BA The Boeing Co. 0.59% 4,695 $831K No change
GPC Genuine Parts Co. 0.59% 7,035 $821K Add +2.5%
QCOM Qualcomm Inc. 0.58% 5,270 $810K No change
BMY Bristol-Myers Squibb Co. 0.55% 13,550 $766K No change
LOW Lowe's Cos Inc. 0.55% 3,100 $765K No change
T AT&T Inc. 0.54% 33,202 $756K Add +3.1%
ITW Illinois Tool Works 0.53% 2,940 $745K No change
CL Colgate-Palmolive Co. 0.53% 8,115 $738K Reduce -0.6%
MMM 3M Co. 0.52% 5,580 $720K No change
SBUX Starbucks Corp. 0.51% 7,770 $709K Add +0.3%
KO The Coca-Cola Co. 0.50% 11,185 $696K Add +0.5%
PRU Prudential Financial Inc. 0.49% 5,745 $681K No change
DRI Darden Restaurants Inc. 0.47% 3,550 $663K Add +24.6%
LMT Lockheed Martin Corp. 0.47% 1,355 $658K Add +0.7%
MDT Medtronic PLC 0.46% 8,035 $642K Add +0.3%
NEE Nextera Energy Inc. 0.44% 8,585 $615K No change
ADBE Adobe Inc. 0.44% 1,380 $614K Add +1.1%
PCAR Paccar Inc. 0.42% 5,605 $583K Add +10.8%
INTC Intel Corp. 0.42% 28,979 $581K No change
DHR Danaher Corp. 0.41% 2,515 $577K No change
IP International Paper Co. 0.41% 10,575 $569K No change
BDX Becton Dickinson and Co. 0.37% 2,280 $517K Add +2.7%
DUK Duke Energy Corp. 0.36% 4,640 $500K Add +2.2%
MDLZ Mondelez International Inc. Class A 0.35% 8,130 $486K No change
RY Royal Bank of Canada 0.35% 4,000 $482K No change
BHP BHP Group Ltd.-Spon ADR 0.33% 9,500 $464K Add +16.6%
LIN Linde PLC 0.33% 1,105 $463K Add +0.5%
STX Seagate Technology Holdings 0.33% 5,315 $459K Add +1.9%
AEP American Electric Power 0.32% 4,900 $452K No change
SO The Southern Co. 0.32% 5,405 $445K No change
GD General Dynamics Corp. 0.31% 1,620 $427K Add +8.7%
TGT Target Corp. 0.29% 3,000 $406K No change
NVS Novartis AG-Sponsored ADR 0.29% 4,155 $404K Add +0.6%
DEO Diageo PLC-Sponsored ADR 0.29% 3,140 $399K Add +11.6%
PFE Pfizer Inc. 0.29% 15,025 $399K Add +2.4%
CRM Salesforce Inc. 0.27% 1,130 $378K No change
RTX RTX Corp. 0.27% 3,205 $371K Add +6.7%
PM Philip Morris International 0.26% 3,000 $361K No change
ABBV Abbvie Inc. 0.25% 2,000 $355K No change
HSY The Hershey Co. 0.24% 2,020 $342K Add +11.9%
WAFD Wafd Inc. 0.23% 10,000 $322K No change
WY Weyerhaeuser Co. 0.23% 11,230 $316K Add +1.5%
SWKS Skyworks Solutions Inc. 0.22% 3,515 $312K No change
BKH Black Hills Corp. 0.22% 5,265 $308K No change
WM Waste Management Inc. 0.22% 1,495 $302K New
AXP American Express Co. 0.21% 1,000 $297K No change
GIS General Mills Inc. 0.21% 4,645 $296K No change
ED Consolidated Edison Inc. 0.20% 3,160 $282K Add +0.8%
CLX Clorox Company 0.20% 1,705 $277K Add +12.5%
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.20% 15,575 $277K Add +40.6%
ATO Atmos Energy Corp. 0.20% 1,975 $275K Add +1.0%
SYK Stryker Corp. 0.20% 765 $275K Add +7.0%
HII Huntington Ingalls Industrie 0.19% 1,430 $270K Add +10.4%

Show all 114 holdings

Portfolio Sells Q3 2024 → Q4 2024
LLY Eli Lilly & Co. Reduce -2.6% 2.45% −0.44
UNH Unitedhealth Group Inc. Reduce -0.3% 2.57% −0.42
MSFT Microsoft Corp. Reduce -0.3% 7.37% −0.19
DOW Dow Inc. Sold out 0.00% −0.17
TXN Texas Instruments Inc. Reduce -1.0% 1.02% −0.12
CAT Caterpillar Inc. Reduce -0.1% 1.27% −0.10
MRK Merck & Co. Inc. Reduce -0.5% 0.67% −0.10
AFL Aflac Inc. Reduce -5.7% 0.61% −0.09
WBD Warner Bros Discovery Inc. Sold out 0.00% −0.09
CL Colgate-Palmolive Co. Reduce -0.6% 0.53% −0.08
ORCL Oracle Corp. Reduce -0.8% 1.31% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.8% 0.90% −0.03
NVDA Nvidia Corp. Reduce -10.4% 2.78% −0.03
META Meta Platforms Inc. Class A Reduce -2.5% 2.43% −0.01
GOOG Alphabet Inc. Class C Reduce -12.7% 0.67% −0.00
BX Blackstone Inc. Reduce -5.7% 1.75% +0.10
DIS The Walt Disney Co. Reduce -0.3% 1.15% +0.15
GOOGL Alphabet Inc. Class A Reduce -1.3% 1.79% +0.20
JPM JPMorgan Chase & Co. Reduce -1.6% 2.61% +0.27
AAPL Apple Inc. Reduce -1.7% 6.93% +0.36

Portfolio Buys Q3 2024 → Q4 2024
AMZN Amazon.com Inc. Add +0.2% 3.06% +0.46
GS Goldman Sachs Group Inc. Add +7.2% 1.66% +0.32
WMT Walmart Inc. Add +1.1% 2.09% +0.24
BLK BlackRock Finance Inc. Add +5.0% 1.95% +0.23
WM Waste Management Inc. New 0.22% +0.22
FAST Fastenal Co. New 0.16% +0.16
ACN Accenture PLC Class A New 0.15% +0.15
DRI Darden Restaurants Inc. Add +24.6% 0.47% +0.14
HON Honeywell International Inc. Add +0.4% 0.79% +0.07
DE Deere & Co. Add +3.9% 1.22% +0.06
PCAR Paccar Inc. Add +10.8% 0.42% +0.06
T AT&T Inc. Add +3.1% 0.54% +0.03
CVX Chevron Corp. Add +3.9% 1.58% +0.03
CLX Clorox Company Add +12.5% 0.20% +0.02
UPS United Parcel Service Class B Add +10.8% 0.64% +0.01
SRE Sempra Add +5.1% 0.16% +0.01
SYK Stryker Corp. Add +7.0% 0.20% +0.01
RTX RTX Corp. Add +6.7% 0.27% +0.00
CHKP Check Point Software Tech Add +5.8% 0.15% +0.00
ATO Atmos Energy Corp. Add +1.0% 0.20% +0.00
DEO Diageo PLC-Sponsored ADR Add +11.6% 0.29% +0.00
HSY The Hershey Co. Add +11.9% 0.24% −0.00
CTVA Corteva Inc. Add +0.6% 0.17% −0.00
D Dominion Energy Inc. Add +3.0% 0.16% −0.01
SNY Sanofi-ADR Add +12.2% 0.16% −0.01
BDX Becton Dickinson and Co. Add +2.7% 0.37% −0.01
GD General Dynamics Corp. Add +8.7% 0.31% −0.02
DUK Duke Energy Corp. Add +2.2% 0.36% −0.02
SNN Smith & Nephew PLC -Spon ADR Add +13.6% 0.16% −0.02
PFE Pfizer Inc. Add +2.4% 0.29% −0.02
XIFR XPLR Infrastructure LP Add +40.6% 0.20% −0.02
AWK American Water Works Co. Inc. Add +0.9% 0.15% −0.02
BHP BHP Group Ltd.-Spon ADR Add +16.6% 0.33% −0.03
ED Consolidated Edison Inc. Add +0.8% 0.20% −0.03
SBUX Starbucks Corp. Add +0.3% 0.51% −0.03
NSRGY Nestle SA-Spons ADR Add +2.6% 0.18% −0.04
COP Conocophillips Add +1.2% 0.72% −0.04
WY Weyerhaeuser Co. Add +1.5% 0.23% −0.04
PEP Pepsico Inc. Add +4.8% 0.64% −0.04
LIN Linde PLC Add +0.5% 0.33% −0.04
NVS Novartis AG-Sponsored ADR Add +0.6% 0.29% −0.05
HII Huntington Ingalls Industrie Add +10.4% 0.19% −0.05
MDT Medtronic PLC Add +0.3% 0.46% −0.06
MCD McDonald's Corp. Add +0.8% 1.38% −0.06
ADBE Adobe Inc. Add +1.1% 0.44% −0.07
KO The Coca-Cola Co. Add +0.5% 0.50% −0.08
VZ Verizon Communications Inc. Add +0.0% 0.65% −0.08
STX Seagate Technology Holdings Add +1.9% 0.33% −0.08
LMT Lockheed Martin Corp. Add +0.7% 0.47% −0.09
GPC Genuine Parts Co. Add +2.5% 0.59% −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