Pinnacle West Asset Management, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Pinnacle West Asset Management, Inc. reported 114 stock positions worth $153.9 million. Its top holding was Microsoft (MSFT) at 7.6% of the portfolio, followed by Apple (AAPL, 6.6%) and Nvidia (NVDA, 3.3%). Compared with Q3 2025, it opened 1 new position, sold out of 3, added to 12 and reduced 88. The biggest buy was a new position in C.H. Robinson Worldwide (CHRW) and the biggest sale Oracle (ORCL, shares −2%).

Most Recent 13F
Q2 2026
Location
CASPER, WY
CIK
0001975730
Portfolio Value
$153.9M (Q4 2025)
SEC Filing
0001975730-26-000002 ↗ filed Feb 10, 2026

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 Q3 2025 Q4 2025: $153.9M $153.9M Q4 2025 Q1 2026: $147.1M Q1 2026 Q2 2026: $144.7M Q2 2026

Holdings 114 stocks · $153.9M

MSFT Microsoft Corp. 7.57% 24,085 $11.6M Reduce -0.9%
AAPL Apple Inc. 6.62% 37,505 $10.2M Reduce -1.7%
NVDA Nvidia Corp. 3.27% 27,020 $5.0M Reduce -3.7%
LLY Eli Lilly & Co. 3.06% 4,381 $4.7M Reduce -0.9%
JPM JPMorgan Chase & Co. 2.95% 14,100 $4.5M Reduce -2.7%
AMZN Amazon.com Inc. 2.86% 19,070 $4.4M Reduce -1.9%
GOOGL Alphabet Inc. Class A 2.56% 12,605 $3.9M Reduce -2.9%
META Meta Platforms Inc. Class A 2.33% 5,438 $3.6M Reduce -2.2%
WMT Walmart Inc. 2.29% 31,625 $3.5M Reduce -1.0%
GS Goldman Sachs Group Inc. 2.28% 3,995 $3.5M Reduce -1.5%
WMB Williams Cos Inc. 2.07% 53,044 $3.2M Reduce -2.8%
AMGN Amgen Inc. 2.03% 9,540 $3.1M Reduce -1.1%
JNJ Johnson & Johnson 1.97% 14,660 $3.0M Reduce -2.0%
HD Home Depot Inc. 1.96% 8,760 $3.0M Reduce -1.4%
BLK BlackRock Finance Inc. 1.79% 2,580 $2.8M Reduce -1.2%
CAT Caterpillar Inc. 1.79% 4,811 $2.8M Reduce -1.5%
KMI Kinder Morgan Inc. 1.68% 94,268 $2.6M Reduce -2.0%
UNH Unitedhealth Group Inc. 1.62% 7,558 $2.5M Add +1.2%
XOM Exxon Mobil Corp. 1.57% 20,105 $2.4M Reduce -1.2%
CVX Chevron Corp. 1.50% 15,140 $2.3M Reduce -1.8%
ORCL Oracle Corp. 1.35% 10,635 $2.1M Reduce -2.1%
CSCO Cisco Systems Inc. 1.32% 26,400 $2.0M Reduce -3.2%
MCD McDonald's Corp. 1.30% 6,530 $2.0M Reduce -1.4%
EPD Enterprise Products Partners 1.22% 58,537 $1.9M Reduce -2.4%
BX Blackstone Inc. 1.20% 12,010 $1.9M Reduce -4.8%
V Visa Inc. Class A 1.20% 5,257 $1.8M Reduce -0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.18% 6,122 $1.8M Reduce -2.3%
DE Deere & Co. 1.18% 3,888 $1.8M Reduce -1.3%
UNP Union Pacific Corp. 1.14% 7,555 $1.7M Reduce -1.0%
COST Costco Wholesale Corp. 1.12% 2,005 $1.7M No change
STX Seagate Technology Holdings 1.09% 6,095 $1.7M Reduce -0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.04% 14,060 $1.6M Reduce -1.6%
OKE Oneok Inc. 1.00% 21,042 $1.5M Reduce -3.9%
GOOG Alphabet Inc. Class C 0.95% 4,670 $1.5M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.88% 2,710 $1.4M Reduce -1.8%
ADP Automatic Data Processing 0.87% 5,177 $1.3M Reduce -0.8%
TXN Texas Instruments Inc. 0.83% 7,337 $1.3M Reduce -2.6%
NSC Norfolk Southern Corp. 0.74% 3,940 $1.1M Reduce -2.4%
INTC Intel Corp. 0.67% 28,054 $1.0M Reduce -1.2%
MRK Merck & Co. Inc. 0.67% 9,745 $1.0M Add +1.0%
ABT Abbott Laboratories 0.66% 8,165 $1.0M Reduce -1.8%
BA The Boeing Co. 0.66% 4,665 $1.0M Reduce -1.3%
COP Conocophillips 0.64% 10,525 $985K Add +0.7%
PG The Procter & Gamble Co. 0.60% 6,410 $919K Reduce -1.5%
HON Honeywell International Inc. 0.59% 4,670 $911K Reduce -1.1%
VZ Verizon Communications Inc. 0.59% 22,360 $911K Reduce -1.0%
GPC Genuine Parts Co. 0.59% 7,325 $901K Reduce -1.7%
QCOM Qualcomm Inc. 0.58% 5,210 $891K Reduce -1.4%
INTU Intuit Inc. 0.58% 1,338 $886K Reduce -2.0%
MMM 3M Co. 0.57% 5,515 $883K Reduce -1.1%
PEP Pepsico Inc. 0.56% 5,970 $857K Reduce -1.2%
UPS United Parcel Service Class B 0.55% 8,610 $854K Reduce -0.6%
AFL Aflac Inc. 0.55% 7,675 $846K Reduce -2.9%
T AT&T Inc. 0.53% 32,789 $814K Reduce -0.9%
KO The Coca-Cola Co. 0.51% 11,190 $782K Reduce -0.7%
BMY Bristol-Myers Squibb Co. 0.50% 14,350 $774K Add +2.1%
MDT Medtronic PLC 0.50% 8,055 $774K Reduce -1.2%
LOW Lowe's Cos Inc. 0.49% 3,100 $748K No change
ITW Illinois Tool Works 0.46% 2,875 $708K Reduce -2.0%
DRI Darden Restaurants Inc. 0.46% 3,810 $701K No change
RY Royal Bank of Canada 0.44% 4,000 $682K No change
NEE Nextera Energy Inc. 0.43% 8,275 $664K Reduce -1.2%
LMT Lockheed Martin Corp. 0.42% 1,338 $647K Reduce -1.8%
SBUX Starbucks Corp. 0.42% 7,670 $646K Reduce -1.0%
PCAR Paccar Inc. 0.42% 5,870 $643K Reduce -0.8%
PRU Prudential Financial Inc. 0.41% 5,630 $636K Reduce -1.8%
CL Colgate-Palmolive Co. 0.41% 8,035 $635K Reduce -0.9%
NVS Novartis AG-Sponsored ADR 0.38% 4,270 $589K Reduce -2.3%
RTX RTX Corp. 0.38% 3,165 $580K Reduce -3.1%
DHR Danaher Corp. 0.38% 2,530 $579K No change
BHP BHP Group Ltd.-Spon ADR 0.37% 9,375 $566K Reduce -1.1%
AEP American Electric Power 0.36% 4,775 $551K Reduce -1.6%
GD General Dynamics Corp. 0.35% 1,615 $544K Reduce -1.5%
DUK Duke Energy Corp. 0.35% 4,605 $540K Reduce -1.1%
HII Huntington Ingalls Industrie 0.33% 1,480 $503K Reduce -1.7%
BDX Becton Dickinson and Co. 0.32% 2,545 $494K Add +4.5%
ADBE Adobe Inc. 0.31% 1,378 $482K Reduce -2.5%
PM Philip Morris International 0.31% 3,000 $481K No change
SO The Southern Co. 0.30% 5,310 $463K Reduce -1.9%
LIN Linde PLC 0.30% 1,080 $461K Reduce -1.4%
ABBV Abbvie Inc. 0.30% 2,000 $457K No change
MDLZ Mondelez International Inc. Class A 0.28% 7,970 $429K Reduce -1.5%
PFE Pfizer Inc. 0.26% 16,183 $403K Add +1.4%
IP International Paper Co. 0.26% 10,155 $400K Reduce -1.7%
SNN Smith & Nephew PLC -Spon ADR 0.24% 11,465 $376K Add +1.3%
AXP American Express Co. 0.24% 1,000 $370K No change
HSY The Hershey Co. 0.24% 2,035 $370K Reduce -0.5%
SYK Stryker Corp. 0.24% 1,035 $364K Add +5.6%
BKH Black Hills Corp. 0.23% 5,130 $356K Reduce -1.4%
WM Waste Management Inc. 0.23% 1,580 $347K Reduce -0.6%
ATO Atmos Energy Corp. 0.22% 1,985 $333K No change
FAST Fastenal Co. 0.21% 8,025 $322K Add +3.2%
WAFD Wafd Inc. 0.21% 10,000 $320K No change
CRM Salesforce Inc. 0.20% 1,185 $314K Reduce -3.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 5,625 $309K Reduce -1.3%
ED Consolidated Edison Inc. 0.20% 3,050 $303K Reduce -2.4%
SNY Sanofi-ADR 0.19% 6,175 $299K Add +7.4%
NSRGY Nestle SA-Spons ADR 0.19% 2,970 $293K Reduce -2.5%
TGT Target Corp. 0.19% 3,000 $293K No change
CTVA Corteva Inc. 0.18% 4,200 $282K Reduce -1.2%
DEO Diageo PLC-Sponsored ADR 0.18% 3,255 $281K Reduce -0.3%
SIEGY Siemens AG-Spons ADR 0.18% 1,950 $273K No change
WEC WEC Energy Group Inc. 0.18% 2,580 $272K No change
OGE Oge Energy Corp. 0.17% 6,225 $266K Reduce -2.4%
WY Weyerhaeuser Co. 0.17% 10,990 $260K Reduce -2.2%
D Dominion Energy Inc. 0.16% 4,145 $243K Reduce -2.9%
CHRW C.H. Robinson Worldwide Inc. 0.16% 1,500 $241K New
CHKP Check Point Software Tech 0.16% 1,290 $239K Add +2.8%
SWKS Skyworks Solutions Inc. 0.15% 3,760 $238K Reduce -2.6%
SRE Sempra 0.15% 2,595 $229K Reduce -0.9%
DELL Dell Technologies -C 0.14% 1,775 $223K Add +4.4%
AWK American Water Works Co. Inc. 0.14% 1,635 $213K Reduce -1.5%
GIS General Mills Inc. 0.14% 4,580 $213K Reduce -0.5%
ADM Archer-Daniels-Midland Co. 0.14% 3,680 $212K Reduce -3.3%

Portfolio Sells Q3 2025 → Q4 2025

ORCL Oracle Corp. Reduce -2.1% 1.35% −0.63
MSFT Microsoft Corp. Reduce -0.9% 7.57% −0.59
HD Home Depot Inc. Reduce -1.4% 1.96% −0.37
META Meta Platforms Inc. Class A Reduce -2.2% 2.33% −0.31
BX Blackstone Inc. Reduce -4.8% 1.20% −0.19
BLK BlackRock Finance Inc. Reduce -1.2% 1.79% −0.18
WMB Williams Cos Inc. Reduce -2.8% 2.07% −0.17
DD Dupont DE Nemours Inc. Sold out 0.00% −0.15
CLX Clorox Company Sold out 0.00% −0.14
ES Eversource Energy Sold out 0.00% −0.13
ADP Automatic Data Processing Reduce -0.8% 0.87% −0.13
NVDA Nvidia Corp. Reduce -3.7% 3.27% −0.12
GPC Genuine Parts Co. Reduce -1.7% 0.59% −0.08
KMI Kinder Morgan Inc. Reduce -2.0% 1.68% −0.08
T AT&T Inc. Reduce -0.9% 0.53% −0.08
TXN Texas Instruments Inc. Reduce -2.6% 0.83% −0.07
ABT Abbott Laboratories Reduce -1.8% 0.66% −0.06
HON Honeywell International Inc. Reduce -1.1% 0.59% −0.05
CVX Chevron Corp. Reduce -1.8% 1.50% −0.05
VZ Verizon Communications Inc. Reduce -1.0% 0.59% −0.05
PG The Procter & Gamble Co. Reduce -1.5% 0.60% −0.05
IP International Paper Co. Reduce -1.7% 0.26% −0.05
MDLZ Mondelez International Inc. Class A Reduce -1.5% 0.28% −0.05
NSC Norfolk Southern Corp. Reduce -2.4% 0.74% −0.05
SWKS Skyworks Solutions Inc. Reduce -2.6% 0.15% −0.04
LIN Linde PLC Reduce -1.4% 0.30% −0.04
ITW Illinois Tool Works Reduce -2.0% 0.46% −0.04
UNP Union Pacific Corp. Reduce -1.0% 1.14% −0.03
SO The Southern Co. Reduce -1.9% 0.30% −0.03
OKE Oneok Inc. Reduce -3.9% 1.00% −0.03
INTU Intuit Inc. Reduce -2.0% 0.58% −0.03
DUK Duke Energy Corp. Reduce -1.1% 0.35% −0.02
AFL Aflac Inc. Reduce -2.9% 0.55% −0.02
DIS The Walt Disney Co. Reduce -1.6% 1.04% −0.02
LMT Lockheed Martin Corp. Reduce -1.8% 0.42% −0.02
DEO Diageo PLC-Sponsored ADR Reduce -0.3% 0.18% −0.02
OGE Oge Energy Corp. Reduce -2.4% 0.17% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.8% 0.88% −0.01
GIS General Mills Inc. Reduce -0.5% 0.14% −0.01
WY Weyerhaeuser Co. Reduce -2.2% 0.17% −0.01
AWK American Water Works Co. Inc. Reduce -1.5% 0.14% −0.01
D Dominion Energy Inc. Reduce -2.9% 0.16% −0.01
ADBE Adobe Inc. Reduce -2.5% 0.31% −0.01
ADM Archer-Daniels-Midland Co. Reduce -3.3% 0.14% −0.01
JPM JPMorgan Chase & Co. Reduce -2.7% 2.95% −0.01
GD General Dynamics Corp. Reduce -1.5% 0.35% −0.01
HSY The Hershey Co. Reduce -0.5% 0.24% −0.01
CL Colgate-Palmolive Co. Reduce -0.9% 0.41% −0.01
ED Consolidated Edison Inc. Reduce -2.4% 0.20% −0.01
MCD McDonald's Corp. Reduce -1.4% 1.30% −0.01

Portfolio Buys Q3 2025 → Q4 2025

CHRW C.H. Robinson Worldwide Inc. New 0.16% +0.16
MRK Merck & Co. Inc. Add +1.0% 0.67% +0.14
BMY Bristol-Myers Squibb Co. Add +2.1% 0.50% +0.09
BDX Becton Dickinson and Co. Add +4.5% 0.32% +0.03
SNY Sanofi-ADR Add +7.4% 0.19% +0.02
SYK Stryker Corp. Add +5.6% 0.24% +0.00
COP Conocophillips Add +0.7% 0.64% 0.00
PFE Pfizer Inc. Add +1.4% 0.26% −0.00
DELL Dell Technologies -C Add +4.4% 0.14% −0.01
CHKP Check Point Software Tech Add +2.8% 0.16% −0.01
SNN Smith & Nephew PLC -Spon ADR Add +1.3% 0.24% −0.02
FAST Fastenal Co. Add +3.2% 0.21% −0.04
UNH Unitedhealth Group Inc. Add +1.2% 1.62% −0.05

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