Pinnacle West Asset Management, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Pinnacle West Asset Management, Inc. reported 112 stock positions worth $138.4 million. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Apple (AAPL, 6.2%) and Unitedhealth (UNH, 2.7%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 61 and reduced 17. The biggest buy was Amgen (AMGN, shares +0%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
CASPER, WY
CIK
0001975730
Portfolio Value
$138.4M (Q1 2025)
SEC Filing
0001975730-25-000005 ↗ filed May 7, 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 Q4 2024 Q1 2025: $138.4M $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 112 stocks · $138.4M
MSFT Microsoft Corp. 6.64% 24,485 $9.2M Add +0.2%
AAPL Apple Inc. 6.18% 38,530 $8.6M Reduce -0.4%
UNH Unitedhealth Group Inc. 2.69% 7,115 $3.7M Add +0.1%
AMZN Amazon.com Inc. 2.68% 19,480 $3.7M Reduce -0.2%
JPM JPMorgan Chase & Co. 2.64% 14,925 $3.7M Reduce -1.9%
LLY Eli Lilly & Co. 2.64% 4,431 $3.7M Add +0.1%
META Meta Platforms Inc. Class A 2.38% 5,710 $3.3M Reduce -1.6%
HD Home Depot Inc. 2.37% 8,935 $3.3M Add +0.6%
WMB Williams Cos Inc. 2.36% 54,644 $3.3M Add +0.2%
NVDA Nvidia Corp. 2.27% 28,995 $3.1M Add +0.2%
AMGN Amgen Inc. 2.19% 9,720 $3.0M Add +0.3%
WMT Walmart Inc. 2.05% 32,355 $2.8M No change
KMI Kinder Morgan Inc. 1.99% 96,415 $2.8M Add +0.3%
CVX Chevron Corp. 1.86% 15,400 $2.6M Add +1.1%
JNJ Johnson & Johnson 1.82% 15,205 $2.5M Add +0.4%
BLK BlackRock Finance Inc. 1.81% 2,647 $2.5M Reduce -0.6%
XOM Exxon Mobil Corp. 1.74% 20,225 $2.4M Add +0.7%
GS Goldman Sachs Group Inc. 1.60% 4,060 $2.2M Add +0.4%
OKE Oneok Inc. 1.57% 21,842 $2.2M Add +0.3%
MCD McDonald's Corp. 1.50% 6,655 $2.1M Add +0.2%
EPD Enterprise Products Partners 1.49% 60,282 $2.1M Add +0.3%
GOOGL Alphabet Inc. Class A 1.47% 13,165 $2.0M Reduce -0.6%
BX Blackstone Inc. 1.42% 14,055 $2.0M Reduce -1.1%
COST Costco Wholesale Corp. 1.37% 2,000 $1.9M No change
DE Deere & Co. 1.36% 4,023 $1.9M No change
V Visa Inc. Class A 1.36% 5,355 $1.9M No change
UNP Union Pacific Corp. 1.30% 7,635 $1.8M Add +0.2%
CSCO Cisco Systems Inc. 1.22% 27,375 $1.7M Add +0.3%
CAT Caterpillar Inc. 1.17% 4,895 $1.6M No change
ADP Automatic Data Processing 1.16% 5,260 $1.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.14% 6,335 $1.6M No change
ORCL Oracle Corp. 1.10% 10,935 $1.5M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 1.07% 2,775 $1.5M Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.03% 14,420 $1.4M Reduce -0.3%
TXN Texas Instruments Inc. 0.98% 7,580 $1.4M No change
PG The Procter & Gamble Co. 0.82% 6,645 $1.1M Reduce -0.1%
ABT Abbott Laboratories 0.79% 8,285 $1.1M No change
COP Conocophillips 0.78% 10,235 $1.1M Add +0.5%
VZ Verizon Communications Inc. 0.77% 23,379 $1.1M Add +3.4%
HON Honeywell International Inc. 0.74% 4,865 $1.0M No change
T AT&T Inc. 0.71% 34,837 $985K Add +4.9%
NSC Norfolk Southern Corp. 0.69% 4,060 $962K Add +0.4%
PEP Pepsico Inc. 0.65% 5,955 $893K Add +2.1%
AFL Aflac Inc. 0.64% 8,020 $892K Reduce -2.3%
GPC Genuine Parts Co. 0.63% 7,270 $866K Add +3.3%
MRK Merck & Co. Inc. 0.62% 9,495 $852K Add +0.7%
INTU Intuit Inc. 0.61% 1,365 $838K Add +0.4%
BMY Bristol-Myers Squibb Co. 0.60% 13,725 $837K Add +1.3%
MMM 3M Co. 0.59% 5,580 $819K No change
QCOM Qualcomm Inc. 0.59% 5,307 $815K Add +0.7%
BA The Boeing Co. 0.59% 4,760 $812K Add +1.4%
KO The Coca-Cola Co. 0.58% 11,315 $810K Add +1.2%
UPS United Parcel Service Class B 0.57% 7,140 $785K Add +1.3%
CL Colgate-Palmolive Co. 0.55% 8,160 $765K Add +0.6%
DRI Darden Restaurants Inc. 0.55% 3,670 $762K Add +3.4%
SBUX Starbucks Corp. 0.55% 7,770 $762K No change
GOOG Alphabet Inc. Class C 0.54% 4,760 $744K Reduce -2.7%
ITW Illinois Tool Works 0.53% 2,955 $733K Add +0.5%
MDT Medtronic PLC 0.53% 8,150 $732K Add +1.4%
LOW Lowe's Cos Inc. 0.52% 3,100 $723K No change
INTC Intel Corp. 0.48% 28,954 $658K Reduce -0.1%
PRU Prudential Financial Inc. 0.46% 5,745 $642K No change
NEE Nextera Energy Inc. 0.44% 8,610 $610K Add +0.3%
LMT Lockheed Martin Corp. 0.44% 1,363 $609K Add +0.6%
DUK Duke Energy Corp. 0.41% 4,640 $566K No change
PCAR Paccar Inc. 0.41% 5,805 $565K Add +3.6%
IP International Paper Co. 0.41% 10,525 $562K Reduce -0.5%
MDLZ Mondelez International Inc. Class A 0.40% 8,155 $553K Add +0.3%
ADBE Adobe Inc. 0.39% 1,400 $537K Add +1.4%
AEP American Electric Power 0.39% 4,900 $535K No change
BDX Becton Dickinson and Co. 0.38% 2,315 $530K Add +1.5%
DHR Danaher Corp. 0.37% 2,515 $516K No change
LIN Linde PLC 0.37% 1,105 $515K No change
SO The Southern Co. 0.36% 5,405 $497K No change
STX Seagate Technology Holdings 0.35% 5,745 $488K Add +8.1%
PM Philip Morris International 0.34% 3,000 $476K No change
NVS Novartis AG-Sponsored ADR 0.34% 4,230 $472K Add +1.8%
BHP BHP Group Ltd.-Spon ADR 0.34% 9,550 $464K Add +0.5%
RY Royal Bank of Canada 0.33% 4,000 $451K No change
GD General Dynamics Corp. 0.32% 1,640 $447K Add +1.2%
RTX RTX Corp. 0.31% 3,255 $431K Add +1.6%
ABBV Abbvie Inc. 0.30% 2,000 $419K No change
PFE Pfizer Inc. 0.30% 16,160 $409K Add +7.5%
WM Waste Management Inc. 0.25% 1,520 $352K Add +1.7%
ED Consolidated Edison Inc. 0.25% 3,135 $347K Reduce -0.8%
HSY The Hershey Co. 0.25% 2,020 $345K No change
DEO Diageo PLC-Sponsored ADR 0.25% 3,240 $340K Add +3.2%
WY Weyerhaeuser Co. 0.24% 11,340 $332K Add +1.0%
BKH Black Hills Corp. 0.23% 5,290 $321K Add +0.5%
TGT Target Corp. 0.23% 3,000 $313K No change
SYK Stryker Corp. 0.22% 835 $311K Add +9.2%
CRM Salesforce Inc. 0.22% 1,150 $309K Add +1.8%
HII Huntington Ingalls Industrie 0.22% 1,505 $307K Add +5.2%
NSRGY Nestle SA-Spons ADR 0.22% 3,030 $307K Add +0.8%
ATO Atmos Energy Corp. 0.22% 1,975 $305K No change
OGE Oge Energy Corp. 0.21% 6,435 $296K No change
SNN Smith & Nephew PLC -Spon ADR 0.21% 10,175 $289K Add +10.9%
WAFD Wafd Inc. 0.21% 10,000 $286K No change
FAST Fastenal Co. 0.20% 3,625 $281K Add +19.8%
WEC WEC Energy Group Inc. 0.20% 2,565 $280K No change
GIS General Mills Inc. 0.20% 4,645 $278K No change
CHKP Check Point Software Tech 0.20% 1,200 $274K Add +9.1%
SNY Sanofi-ADR 0.20% 4,900 $272K Add +6.5%
AXP American Express Co. 0.19% 1,000 $269K No change
CTVA Corteva Inc. 0.19% 4,248 $267K No change
CLX Clorox Company 0.18% 1,730 $255K Add +1.5%
DD Dupont DE Nemours Inc. 0.18% 3,331 $249K Reduce -1.3%
AWK American Water Works Co. Inc. 0.18% 1,660 $245K No change
D Dominion Energy Inc. 0.17% 4,295 $241K Add +1.2%
YUM Yum! Brands Inc. 0.17% 1,500 $236K No change
SWKS Skyworks Solutions Inc. 0.17% 3,565 $230K Add +1.4%
SIEGY Siemens AG-Spons ADR 0.15% 1,850 $213K New

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -0.4% 6.18% −0.75
AMZN Amazon.com Inc. Reduce -0.2% 2.68% −0.39
BX Blackstone Inc. Reduce -1.1% 1.42% −0.33
GOOGL Alphabet Inc. Class A Reduce -0.6% 1.47% −0.32
ORCL Oracle Corp. Reduce -0.2% 1.10% −0.20
XIFR XPLR Infrastructure LP Sold out 0.00% −0.20
SRE Sempra Sold out 0.00% −0.16
ACN Accenture PLC Class A Sold out 0.00% −0.15
BLK BlackRock Finance Inc. Reduce -0.6% 1.81% −0.14
GOOG Alphabet Inc. Class C Reduce -2.7% 0.54% −0.13
DIS The Walt Disney Co. Reduce -0.3% 1.03% −0.13
META Meta Platforms Inc. Class A Reduce -1.6% 2.38% −0.05
DD Dupont DE Nemours Inc. Reduce -1.3% 0.18% −0.00
IP International Paper Co. Reduce -0.5% 0.41% −0.00
PG The Procter & Gamble Co. Reduce -0.1% 0.82% +0.02
JPM JPMorgan Chase & Co. Reduce -1.9% 2.64% +0.03
AFL Aflac Inc. Reduce -2.3% 0.64% +0.04
ED Consolidated Edison Inc. Reduce -0.8% 0.25% +0.05
INTC Intel Corp. Reduce -0.1% 0.48% +0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 1.07% +0.16

Portfolio Buys Q4 2024 → Q1 2025
AMGN Amgen Inc. Add +0.3% 2.19% +0.38
CVX Chevron Corp. Add +1.1% 1.86% +0.28
JNJ Johnson & Johnson Add +0.4% 1.82% +0.25
WMB Williams Cos Inc. Add +0.2% 2.36% +0.25
LLY Eli Lilly & Co. Add +0.1% 2.64% +0.20
XOM Exxon Mobil Corp. Add +0.7% 1.74% +0.19
T AT&T Inc. Add +4.9% 0.71% +0.17
SIEGY Siemens AG-Spons ADR New 0.15% +0.15
EPD Enterprise Products Partners Add +0.3% 1.49% +0.14
MCD McDonald's Corp. Add +0.2% 1.50% +0.12
VZ Verizon Communications Inc. Add +3.4% 0.77% +0.12
UNH Unitedhealth Group Inc. Add +0.1% 2.69% +0.12
KMI Kinder Morgan Inc. Add +0.3% 1.99% +0.10
KO The Coca-Cola Co. Add +1.2% 0.58% +0.09
DRI Darden Restaurants Inc. Add +3.4% 0.55% +0.08
MDT Medtronic PLC Add +1.4% 0.53% +0.07
CSCO Cisco Systems Inc. Add +0.3% 1.22% +0.06
UNP Union Pacific Corp. Add +0.2% 1.30% +0.06
BMY Bristol-Myers Squibb Co. Add +1.3% 0.60% +0.06
COP Conocophillips Add +0.5% 0.78% +0.05
NVS Novartis AG-Sponsored ADR Add +1.8% 0.34% +0.05
MDLZ Mondelez International Inc. Class A Add +0.3% 0.40% +0.05
CHKP Check Point Software Tech Add +9.1% 0.20% +0.05
FAST Fastenal Co. Add +19.8% 0.20% +0.05
SNN Smith & Nephew PLC -Spon ADR Add +10.9% 0.21% +0.05
RTX RTX Corp. Add +1.6% 0.31% +0.05
NSRGY Nestle SA-Spons ADR Add +0.8% 0.22% +0.05
WM Waste Management Inc. Add +1.7% 0.25% +0.04
GPC Genuine Parts Co. Add +3.3% 0.63% +0.04
SNY Sanofi-ADR Add +6.5% 0.20% +0.04
HII Huntington Ingalls Industrie Add +5.2% 0.22% +0.03
SYK Stryker Corp. Add +9.2% 0.22% +0.03
CL Colgate-Palmolive Co. Add +0.6% 0.55% +0.02
STX Seagate Technology Holdings Add +8.1% 0.35% +0.02
GD General Dynamics Corp. Add +1.2% 0.32% +0.02
NSC Norfolk Southern Corp. Add +0.4% 0.69% +0.02
WY Weyerhaeuser Co. Add +1.0% 0.24% +0.01
BDX Becton Dickinson and Co. Add +1.5% 0.38% +0.01
BKH Black Hills Corp. Add +0.5% 0.23% +0.01
D Dominion Energy Inc. Add +1.2% 0.17% +0.01
PEP Pepsico Inc. Add +2.1% 0.65% +0.01
PFE Pfizer Inc. Add +7.5% 0.30% +0.01
QCOM Qualcomm Inc. Add +0.7% 0.59% +0.01
BHP BHP Group Ltd.-Spon ADR Add +0.5% 0.34% +0.00
NEE Nextera Energy Inc. Add +0.3% 0.44% +0.00
OKE Oneok Inc. Add +0.3% 1.57% −0.00
ITW Illinois Tool Works Add +0.5% 0.53% −0.00
INTU Intuit Inc. Add +0.4% 0.61% −0.01
BA The Boeing Co. Add +1.4% 0.59% −0.01
PCAR Paccar Inc. Add +3.6% 0.41% −0.01

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