PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 72,815 Value ($000) $6,459 Avg Close $89.23 Range $86.18 - $93.48

Q3 2025

Shares 72,815 Value ($000) $6,529 Avg Close $88.79 Range $84.44 - $93.47

Q2 2025

Shares 75,348 Value ($000) $6,741 Avg Close $89.32 Range $84.01 - $93.67

Q1 2025

Shares 75,138 Value ($000) $7,157 Avg Close $86.37 Range $78.26 - $93.02

Q4 2024

Shares 75,138 Value ($000) $6,369 Avg Close $84.97 Range $80.67 - $91.67

Q3 2024

Shares 75,228 Value ($000) $6,664 Avg Close $80.90 Range $70.66 - $87.05

Q2 2024

Shares 84,198 Value ($000) $6,431 Avg Close $70.74 Range $65.76 - $74.22

Q1 2024

Shares 119,946 Value ($000) $9,505 Avg Close $65.20 Range $60.62 - $69.54

Q4 2023

Shares 127,488 Value ($000) $9,159 Avg Close $67.20 Range $62.94 - $70.91

Q3 2023

Shares 120,374 Value ($000) $8,869 Avg Close $71.78 Range $66.39 - $77.25

Q2 2023

Shares 124,004 Value ($000) $10,101 Avg Close $71.39 Range $67.35 - $75.96

Q1 2023

Shares 119,946 Value ($000) $9,505 Avg Close $66.77 Range $63.66 - $71.10

Q4 2022

Shares 125,176 Value ($000) $9,518 Avg Close $62.50 Range $51.16 - $70.75

Q3 2022

Shares 124,266 Value ($000) $8,016 Avg Close $63.64 Range $55.76 - $68.03

Q2 2022

Shares 128,926 Value ($000) $9,427 Avg Close $63.84 Range $55.80 - $68.19

Q1 2022

Shares 133,010 Value ($000) $10,388 Avg Close $60.39 Range $56.02 - $66.65

Q4 2021

Shares 132,880 Value ($000) $9,380 Avg Close $55.84 Range $51.86 - $61.46

Q3 2021

Shares 133,500 Value ($000) $9,660 Avg Close $65.26 Range $58.98 - $71.06

Q2 2021

Shares 145,492 Value ($000) $11,926 Avg Close $68.95 Range $65.28 - $72.42

Q1 2021

Shares 175,659 Value ($000) $14,290 Avg Close $62.43 Range $56.60 - $66.33

Q4 2020

Shares 180,569 Value ($000) $14,436 Avg Close $65.83 Range $58.83 - $73.60

Q3 2020

Shares 177,750 Value ($000) $13,251 Avg Close $60.54 Range $54.95 - $66.17

Q2 2020

Shares 177,997 Value ($000) $13,045 Avg Close $59.12 Range $52.33 - $65.86

Q1 2020

Shares 175,499 Value ($000) $13,301 Avg Close $70.35 Range $46.70 - $82.05

Q4 2019

Shares 179,090 Value ($000) $16,106 Avg Close $69.39 Range $65.00 - $74.61

Q3 2019

Shares 175,560 Value ($000) $17,042 Avg Close $71.87 Range $68.70 - $75.42

Q2 2019

Shares 172,301 Value ($000) $16,212 Avg Close $72.15 Range $69.78 - $75.74

Q1 2019

Shares 162,119 Value ($000) $15,495 Avg Close $67.77 Range $60.95 - $73.24

Q4 2018

Shares 160,189 Value ($000) $13,648 Avg Close $64.12 Range $57.80 - $69.17

Q3 2018

Shares 156,564 Value ($000) $12,397 Avg Close $59.27 Range $56.90 - $61.30

Q2 2018

Shares 154,800 Value ($000) $12,471 Avg Close $57.22 Range $53.85 - $59.87

Q1 2018

Shares 160,468 Value ($000) $12,805 Avg Close $56.89 Range $53.69 - $61.68

Q4 2017

Shares 180,338 Value ($000) $15,361 Avg Close $63.49 Range $60.19 - $66.68

Q3 2017

Shares 182,466 Value ($000) $15,429 Avg Close $62.55 Range $59.60 - $65.04

Q2 2017

Shares 178,086 Value ($000) $15,166 Avg Close $61.03 Range $58.21 - $63.58

Q1 2017

Shares 174,294 Value ($000) $14,533 Avg Close $56.18 Range $53.40 - $59.69

Q4 2016

Shares 171,695 Value ($000) $13,397 Avg Close $52.24 Range $49.50 - $55.16

Q3 2016

Shares 168,228 Value ($000) $12,784 Avg Close $53.79 Range $51.20 - $56.86

Q2 2016

Shares 167,544 Value ($000) $13,582 Avg Close $51.08 Range $48.16 - $55.70

Q1 2016

Shares 127,372 Value ($000) $9,562 Avg Close $46.44 Range $42.15 - $51.17

Q4 2015

Shares 126,132 Value ($000) $8,133 Avg Close $42.78 Range $40.93 - $44.75

Q3 2015

Shares 146,133 Value ($000) $9,373 Avg Close $40.69 Range $37.54 - $43.56

Q2 2015

Shares 142,853 Value ($000) $8,127 Avg Close $39.75 Range $37.04 - $42.55

Q1 2015

Shares 144,224 Value ($000) $9,194 Avg Close $43.61 Range $40.31 - $47.62

Q4 2014

Shares 153,599 Value ($000) $10,492 Avg Close $40.25 Range $35.11 - $46.19

Q3 2014

Shares 154,924 Value ($000) $8,465 Avg Close $35.72 Range $33.53 - $37.13

Q2 2014

Shares 157,377 Value ($000) $9,103 Avg Close $35.10 Range $33.77 - $36.96

Q1 2014

Shares 160,160 Value ($000) $8,754 Avg Close $33.65 Range $32.14 - $35.28

Q4 2013

Shares 196,606 Value ($000) $10,404 Avg Close $34.02 Range $32.61 - $36.23

Q3 2013

Shares 197,472 Value ($000) $10,810 Avg Close $34.55 Range $32.11 - $37.02

Q2 2013

Shares 197,804 Value ($000) $10,972 Avg Close $35.40 Range $31.53 - $37.84

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	72,815	$6,459	$89.23	$86.18 - $93.48
Q3 2025	72,815	$6,529	$88.79	$84.44 - $93.47
Q2 2025	75,348	$6,741	$89.32	$84.01 - $93.67
Q1 2025	75,138	$7,157	$86.37	$78.26 - $93.02
Q4 2024	75,138	$6,369	$84.97	$80.67 - $91.67
Q3 2024	75,228	$6,664	$80.90	$70.66 - $87.05
Q2 2024	84,198	$6,431	$70.74	$65.76 - $74.22
Q1 2024	119,946	$9,505	$65.20	$60.62 - $69.54
Q4 2023	127,488	$9,159	$67.20	$62.94 - $70.91
Q3 2023	120,374	$8,869	$71.78	$66.39 - $77.25
Q2 2023	124,004	$10,101	$71.39	$67.35 - $75.96
Q1 2023	119,946	$9,505	$66.77	$63.66 - $71.10
Q4 2022	125,176	$9,518	$62.50	$51.16 - $70.75
Q3 2022	124,266	$8,016	$63.64	$55.76 - $68.03
Q2 2022	128,926	$9,427	$63.84	$55.80 - $68.19
Q1 2022	133,010	$10,388	$60.39	$56.02 - $66.65
Q4 2021	132,880	$9,380	$55.84	$51.86 - $61.46
Q3 2021	133,500	$9,660	$65.26	$58.98 - $71.06
Q2 2021	145,492	$11,926	$68.95	$65.28 - $72.42
Q1 2021	175,659	$14,290	$62.43	$56.60 - $66.33
Q4 2020	180,569	$14,436	$65.83	$58.83 - $73.60
Q3 2020	177,750	$13,251	$60.54	$54.95 - $66.17
Q2 2020	177,997	$13,045	$59.12	$52.33 - $65.86
Q1 2020	175,499	$13,301	$70.35	$46.70 - $82.05
Q4 2019	179,090	$16,106	$69.39	$65.00 - $74.61
Q3 2019	175,560	$17,042	$71.87	$68.70 - $75.42
Q2 2019	172,301	$16,212	$72.15	$69.78 - $75.74
Q1 2019	162,119	$15,495	$67.77	$60.95 - $73.24
Q4 2018	160,189	$13,648	$64.12	$57.80 - $69.17
Q3 2018	156,564	$12,397	$59.27	$56.90 - $61.30
Q2 2018	154,800	$12,471	$57.22	$53.85 - $59.87
Q1 2018	160,468	$12,805	$56.89	$53.69 - $61.68
Q4 2017	180,338	$15,361	$63.49	$60.19 - $66.68
Q3 2017	182,466	$15,429	$62.55	$59.60 - $65.04
Q2 2017	178,086	$15,166	$61.03	$58.21 - $63.58
Q1 2017	174,294	$14,533	$56.18	$53.40 - $59.69
Q4 2016	171,695	$13,397	$52.24	$49.50 - $55.16
Q3 2016	168,228	$12,784	$53.79	$51.20 - $56.86
Q2 2016	167,544	$13,582	$51.08	$48.16 - $55.70
Q1 2016	127,372	$9,562	$46.44	$42.15 - $51.17
Q4 2015	126,132	$8,133	$42.78	$40.93 - $44.75
Q3 2015	146,133	$9,373	$40.69	$37.54 - $43.56
Q2 2015	142,853	$8,127	$39.75	$37.04 - $42.55
Q1 2015	144,224	$9,194	$43.61	$40.31 - $47.62
Q4 2014	153,599	$10,492	$40.25	$35.11 - $46.19
Q3 2014	154,924	$8,465	$35.72	$33.53 - $37.13
Q2 2014	157,377	$9,103	$35.10	$33.77 - $36.96
Q1 2014	160,160	$8,754	$33.65	$32.14 - $35.28
Q4 2013	196,606	$10,404	$34.02	$32.61 - $36.23
Q3 2013	197,472	$10,810	$34.55	$32.11 - $37.02
Q2 2013	197,804	$10,972	$35.40	$31.53 - $37.84