Pinnacle West Asset Management, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Pinnacle West Asset Management, Inc. reported 116 stock positions worth $154.4 million. Its top holding was Microsoft (MSFT) at 8.2% of the portfolio, followed by Apple (AAPL, 6.3%) and Nvidia (NVDA, 3.4%). Compared with Q2 2025, it opened 4 new positions, sold out of 1, added to 57 and reduced 21. The biggest buy was Seagate Technology (STX, shares +1%) and the biggest sale Meta Platforms Class A (META, shares −2%).

Most Recent 13F
Q2 2026
Location
CASPER, WY
CIK
0001975730
Portfolio Value
$154.4M (Q3 2025)
SEC Filing
0001975730-25-000009 ↗ filed Nov 5, 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 Q1 2025 Q2 2025: $144.7M Q2 2025 Q3 2025: $154.4M $154.4M Q3 2025 Q4 2025: $153.9M Q4 2025 Q1 2026: $147.1M Q1 2026 Q2 2026: $144.7M Q2 2026

Holdings 116 stocks · $154.4M
MSFT Microsoft Corp. 8.15% 24,310 $12.6M Reduce -0.3%
AAPL Apple Inc. 6.29% 38,145 $9.7M Reduce -0.3%
NVDA Nvidia Corp. 3.39% 28,070 $5.2M Reduce -3.4%
JPM JPMorgan Chase & Co. 2.96% 14,490 $4.6M Reduce -0.7%
AMZN Amazon.com Inc. 2.77% 19,445 $4.3M Add +0.4%
META Meta Platforms Inc. Class A 2.64% 5,560 $4.1M Reduce -1.7%
HD Home Depot Inc. 2.33% 8,885 $3.6M No change
WMB Williams Cos Inc. 2.24% 54,544 $3.5M No change
LLY Eli Lilly & Co. 2.18% 4,421 $3.4M Add +0.3%
WMT Walmart Inc. 2.13% 31,950 $3.3M No change
GS Goldman Sachs Group Inc. 2.09% 4,055 $3.2M Add +0.1%
GOOGL Alphabet Inc. Class A 2.04% 12,980 $3.2M Reduce -0.0%
ORCL Oracle Corp. 1.98% 10,860 $3.1M No change
BLK BlackRock Finance Inc. 1.97% 2,612 $3.0M Reduce -0.3%
JNJ Johnson & Johnson 1.80% 14,960 $2.8M Add +0.1%
KMI Kinder Morgan Inc. 1.76% 96,218 $2.7M No change
AMGN Amgen Inc. 1.76% 9,650 $2.7M Add +0.5%
UNH Unitedhealth Group Inc. 1.67% 7,468 $2.6M Add +3.6%
CVX Chevron Corp. 1.55% 15,415 $2.4M Add +0.7%
CAT Caterpillar Inc. 1.51% 4,886 $2.3M Add +0.3%
XOM Exxon Mobil Corp. 1.49% 20,355 $2.3M Add +1.3%
BX Blackstone Inc. 1.40% 12,615 $2.2M Reduce -10.0%
MCD McDonald's Corp. 1.30% 6,620 $2.0M Add +0.1%
EPD Enterprise Products Partners 1.21% 59,960 $1.9M No change
CSCO Cisco Systems Inc. 1.21% 27,275 $1.9M Reduce -0.2%
COST Costco Wholesale Corp. 1.20% 2,005 $1.9M Add +0.3%
V Visa Inc. Class A 1.17% 5,300 $1.8M No change
UNP Union Pacific Corp. 1.17% 7,630 $1.8M Add +0.3%
DE Deere & Co. 1.17% 3,938 $1.8M Reduce -0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.15% 6,265 $1.8M Reduce -0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.06% 14,285 $1.6M Reduce -0.5%
OKE Oneok Inc. 1.03% 21,892 $1.6M Add +0.2%
ADP Automatic Data Processing 0.99% 5,220 $1.5M No change
STX Seagate Technology Holdings 0.94% 6,145 $1.5M Add +1.2%
BRK.B Berkshire Hathaway Inc. Class B 0.90% 2,760 $1.4M Add +0.4%
TXN Texas Instruments Inc. 0.90% 7,530 $1.4M Reduce -0.1%
NSC Norfolk Southern Corp. 0.78% 4,035 $1.2M No change
GOOG Alphabet Inc. Class C 0.74% 4,680 $1.1M Reduce -1.3%
ABT Abbott Laboratories 0.72% 8,315 $1.1M Add +0.7%
GPC Genuine Parts Co. 0.67% 7,450 $1.0M Add +1.6%
BA The Boeing Co. 0.66% 4,725 $1.0M Add +0.6%
PG The Procter & Gamble Co. 0.65% 6,510 $1.0M Reduce -0.4%
HON Honeywell International Inc. 0.64% 4,720 $994K Reduce -1.6%
VZ Verizon Communications Inc. 0.64% 22,585 $993K No change
COP Conocophillips 0.64% 10,450 $988K Add +1.6%
INTC Intel Corp. 0.62% 28,404 $953K Reduce -1.4%
T AT&T Inc. 0.60% 33,089 $934K Add +0.0%
INTU Intuit Inc. 0.60% 1,365 $932K No change
AFL Aflac Inc. 0.57% 7,900 $882K Add +0.1%
QCOM Qualcomm Inc. 0.57% 5,285 $879K No change
MMM 3M Co. 0.56% 5,575 $865K Add +0.5%
PEP Pepsico Inc. 0.55% 6,045 $849K Add +2.5%
MRK Merck & Co. Inc. 0.52% 9,645 $810K Add +2.4%
LOW Lowe's Cos Inc. 0.50% 3,100 $779K No change
MDT Medtronic PLC 0.50% 8,155 $777K Add +1.0%
ITW Illinois Tool Works 0.50% 2,935 $765K Add +0.5%
KO The Coca-Cola Co. 0.48% 11,265 $747K No change
DRI Darden Restaurants Inc. 0.47% 3,810 $725K Add +1.7%
UPS United Parcel Service Class B 0.47% 8,660 $723K Add +22.1%
LMT Lockheed Martin Corp. 0.44% 1,363 $680K No change
SBUX Starbucks Corp. 0.42% 7,745 $655K No change
CL Colgate-Palmolive Co. 0.42% 8,110 $648K No change
BMY Bristol-Myers Squibb Co. 0.41% 14,050 $634K Add +2.7%
NEE Nextera Energy Inc. 0.41% 8,375 $632K Reduce -0.3%
PRU Prudential Financial Inc. 0.38% 5,730 $594K Add +1.5%
RY Royal Bank of Canada 0.38% 4,000 $589K No change
PCAR Paccar Inc. 0.38% 5,920 $582K Add +0.8%
DUK Duke Energy Corp. 0.37% 4,655 $576K Add +0.4%
NVS Novartis AG-Sponsored ADR 0.36% 4,370 $560K Add +3.3%
GD General Dynamics Corp. 0.36% 1,640 $559K No change
AEP American Electric Power 0.35% 4,850 $546K Reduce -0.2%
RTX RTX Corp. 0.35% 3,265 $546K No change
BHP BHP Group Ltd.-Spon ADR 0.34% 9,475 $528K Add +0.5%
LIN Linde PLC 0.34% 1,095 $520K Reduce -0.5%
SO The Southern Co. 0.33% 5,410 $513K Add +0.3%
MDLZ Mondelez International Inc. Class A 0.33% 8,095 $506K No change
DHR Danaher Corp. 0.33% 2,530 $502K No change
ADBE Adobe Inc. 0.32% 1,413 $498K Add +0.2%
PM Philip Morris International 0.32% 3,000 $487K No change
IP International Paper Co. 0.31% 10,330 $479K No change
ABBV Abbvie Inc. 0.30% 2,000 $463K No change
BDX Becton Dickinson and Co. 0.30% 2,435 $456K Add +3.4%
HII Huntington Ingalls Industrie 0.28% 1,505 $433K No change
SNN Smith & Nephew PLC -Spon ADR 0.27% 11,315 $411K Add +9.6%
PFE Pfizer Inc. 0.26% 15,958 $407K Add +2.0%
HSY The Hershey Co. 0.25% 2,045 $383K Add +1.2%
FAST Fastenal Co. 0.25% 7,775 $381K Add +5.8%
SYK Stryker Corp. 0.23% 980 $362K Add +16.0%
WM Waste Management Inc. 0.23% 1,590 $351K Add +2.3%
ATO Atmos Energy Corp. 0.22% 1,985 $339K Add +0.5%
AXP American Express Co. 0.21% 1,000 $332K No change
BKH Black Hills Corp. 0.21% 5,205 $321K No change
ED Consolidated Edison Inc. 0.20% 3,125 $314K Add +0.5%
DEO Diageo PLC-Sponsored ADR 0.20% 3,265 $312K Add +1.6%
WAFD Wafd Inc. 0.20% 10,000 $303K No change
SWKS Skyworks Solutions Inc. 0.19% 3,860 $297K Add +1.9%
WEC WEC Energy Group Inc. 0.19% 2,580 $296K Add +0.6%
OGE Oge Energy Corp. 0.19% 6,375 $295K Add +0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 5,700 $294K Add +9.1%
CRM Salesforce Inc. 0.19% 1,230 $292K Add +2.1%
CTVA Corteva Inc. 0.19% 4,250 $287K Add +0.8%
NSRGY Nestle SA-Spons ADR 0.18% 3,045 $279K Add +0.8%
WY Weyerhaeuser Co. 0.18% 11,240 $279K No change
SNY Sanofi-ADR 0.18% 5,750 $271K Add +15.6%
TGT Target Corp. 0.17% 3,000 $269K No change
SIEGY Siemens AG-Spons ADR 0.17% 1,950 $263K Add +2.6%
D Dominion Energy Inc. 0.17% 4,270 $261K No change
CHKP Check Point Software Tech 0.17% 1,255 $260K Add +4.6%
DELL Dell Technologies -C 0.16% 1,700 $241K New
DD Dupont DE Nemours Inc. 0.15% 3,030 $236K Reduce -1.3%
SRE Sempra 0.15% 2,620 $236K New
GIS General Mills Inc. 0.15% 4,605 $232K No change
AWK American Water Works Co. Inc. 0.15% 1,660 $231K No change
ADM Archer-Daniels-Midland Co. 0.15% 3,805 $227K New
CLX Clorox Company 0.14% 1,780 $219K Add +1.4%
ES Eversource Energy 0.13% 2,880 $205K New

Portfolio Sells Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Reduce -1.7% 2.64% −0.24
MSFT Microsoft Corp. Reduce -0.3% 8.15% −0.23
DE Deere & Co. Reduce -0.8% 1.17% −0.23
TXN Texas Instruments Inc. Reduce -0.1% 0.90% −0.19
DIS The Walt Disney Co. Reduce -0.5% 1.06% −0.17
YUM Yum! Brands Inc. Sold out 0.00% −0.15
IBM Intl Business Machines Corp. Reduce -0.6% 1.15% −0.14
HON Honeywell International Inc. Reduce -1.6% 0.64% −0.13
CSCO Cisco Systems Inc. Reduce -0.2% 1.21% −0.10
PG The Procter & Gamble Co. Reduce -0.4% 0.65% −0.07
BX Blackstone Inc. Reduce -10.0% 1.40% −0.05
LIN Linde PLC Reduce -0.5% 0.34% −0.02
AEP American Electric Power Reduce -0.2% 0.35% +0.01
NEE Nextera Energy Inc. Reduce -0.3% 0.41% +0.01
DD Dupont DE Nemours Inc. Reduce -1.3% 0.15% +0.01
JPM JPMorgan Chase & Co. Reduce -0.7% 2.96% +0.04
BLK BlackRock Finance Inc. Reduce -0.3% 1.97% +0.07
GOOG Alphabet Inc. Class C Reduce -1.3% 0.74% +0.16
INTC Intel Corp. Reduce -1.4% 0.62% +0.17
NVDA Nvidia Corp. Reduce -3.4% 3.39% +0.22
GOOGL Alphabet Inc. Class A Reduce -0.0% 2.04% +0.46
AAPL Apple Inc. Reduce -0.3% 6.29% +0.87

Portfolio Buys Q2 2025 → Q3 2025
STX Seagate Technology Holdings Add +1.2% 0.94% +0.33
JNJ Johnson & Johnson Add +0.1% 1.80% +0.22
CAT Caterpillar Inc. Add +0.3% 1.51% +0.20
DELL Dell Technologies -C New 0.16% +0.16
SRE Sempra New 0.15% +0.15
ADM Archer-Daniels-Midland Co. New 0.15% +0.15
ES Eversource Energy New 0.13% +0.13
UNH Unitedhealth Group Inc. Add +3.6% 1.67% +0.12
GS Goldman Sachs Group Inc. Add +0.1% 2.09% +0.11
GPC Genuine Parts Co. Add +1.6% 0.67% +0.05
SNN Smith & Nephew PLC -Spon ADR Add +9.6% 0.27% +0.05
CVX Chevron Corp. Add +0.7% 1.55% +0.03
FAST Fastenal Co. Add +5.8% 0.25% +0.03
BHP BHP Group Ltd.-Spon ADR Add +0.5% 0.34% +0.03
BAC Bank of America Corp. Add +9.1% 0.19% +0.02
HSY The Hershey Co. Add +1.2% 0.25% +0.02
MDT Medtronic PLC Add +1.0% 0.50% +0.02
BDX Becton Dickinson and Co. Add +3.4% 0.30% +0.01
PEP Pepsico Inc. Add +2.5% 0.55% +0.01
SNY Sanofi-ADR Add +15.6% 0.18% +0.01
ATO Atmos Energy Corp. Add +0.5% 0.22% +0.01
MRK Merck & Co. Inc. Add +2.4% 0.52% +0.01
NVS Novartis AG-Sponsored ADR Add +3.3% 0.36% +0.01
WEC WEC Energy Group Inc. Add +0.6% 0.19% +0.01
SYK Stryker Corp. Add +16.0% 0.23% +0.00
COP Conocophillips Add +1.6% 0.64% +0.00
PFE Pfizer Inc. Add +2.0% 0.26% +0.00
SIEGY Siemens AG-Spons ADR Add +2.6% 0.17% +0.00
SWKS Skyworks Solutions Inc. Add +1.9% 0.19% −0.00
ITW Illinois Tool Works Add +0.5% 0.50% −0.00
OGE Oge Energy Corp. Add +0.4% 0.19% −0.00
AFL Aflac Inc. Add +0.1% 0.57% −0.00
CLX Clorox Company Add +1.4% 0.14% −0.00
DUK Duke Energy Corp. Add +0.4% 0.37% −0.01
PCAR Paccar Inc. Add +0.8% 0.38% −0.01
SO The Southern Co. Add +0.3% 0.33% −0.01
XOM Exxon Mobil Corp. Add +1.3% 1.49% −0.01
ED Consolidated Edison Inc. Add +0.5% 0.20% −0.01
CHKP Check Point Software Tech Add +4.6% 0.17% −0.01
WM Waste Management Inc. Add +2.3% 0.23% −0.02
BA The Boeing Co. Add +0.6% 0.66% −0.02
DEO Diageo PLC-Sponsored ADR Add +1.6% 0.20% −0.02
MMM 3M Co. Add +0.5% 0.56% −0.02
BRK.B Berkshire Hathaway Inc. Class B Add +0.4% 0.90% −0.02
NSRGY Nestle SA-Spons ADR Add +0.8% 0.18% −0.03
UPS United Parcel Service Class B Add +22.1% 0.47% −0.03
BMY Bristol-Myers Squibb Co. Add +2.7% 0.41% −0.03
CTVA Corteva Inc. Add +0.8% 0.19% −0.03
MCD McDonald's Corp. Add +0.1% 1.30% −0.03
PRU Prudential Financial Inc. Add +1.5% 0.38% −0.03

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