PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 33,342 Value ($000) $2,957 Avg Close $89.23 Range $86.18 - $93.48

Q3 2025

Shares 35,331 Value ($000) $3,168 Avg Close $88.79 Range $84.44 - $93.47

Q2 2025

Shares 34,791 Value ($000) $3,113 Avg Close $89.32 Range $84.01 - $93.67

Q1 2025

Shares 32,614 Value ($000) $3,106 Avg Close $86.37 Range $78.26 - $93.02

Q4 2024

Shares 32,972 Value ($000) $2,795 Avg Close $84.97 Range $80.67 - $91.67

Q3 2024

Shares 32,699 Value ($000) $2,897 Avg Close $80.90 Range $70.66 - $87.05

Q2 2024

Shares 31,790 Value ($000) $2,428 Avg Close $70.74 Range $65.76 - $74.22

Q1 2024

Shares 31,164 Value ($000) $2,329 Avg Close $65.20 Range $60.62 - $69.54

Q4 2023

Shares 31,676 Value ($000) $2,276 Avg Close $67.20 Range $62.94 - $70.91

Q3 2023

Shares 32,247 Value ($000) $2,376 Avg Close $71.78 Range $66.39 - $77.25

Q2 2023

Shares 31,810 Value ($000) $2,591 Avg Close $71.39 Range $67.35 - $75.96

Q1 2023

Shares 32,782 Value ($000) $2,598 Avg Close $66.77 Range $63.66 - $71.10

Q4 2022

Shares 31,898 Value ($000) $2,426 Avg Close $62.50 Range $51.16 - $70.75

Q3 2022

Shares 30,708 Value ($000) $1,981 Avg Close $63.64 Range $55.76 - $68.03

Q2 2022

Shares 30,605 Value ($000) $2,238 Avg Close $63.84 Range $55.80 - $68.19

Q1 2022

Shares 30,497 Value ($000) $2,382 Avg Close $60.39 Range $56.02 - $66.65

Q4 2021

Shares 30,356 Value ($000) $2,143 Avg Close $55.84 Range $51.86 - $61.46

Q3 2021

Shares 31,642 Value ($000) $2,290 Avg Close $65.26 Range $58.98 - $71.06

Q2 2021

Shares 31,852 Value ($000) $2,611 Avg Close $68.95 Range $65.28 - $72.42

Q1 2021

Shares 32,464 Value ($000) $2,641 Avg Close $62.43 Range $56.60 - $66.33

Q4 2020

Shares 32,275 Value ($000) $2,580 Avg Close $65.83 Range $58.83 - $73.60

Q3 2020

Shares 34,230 Value ($000) $2,552 Avg Close $60.54 Range $54.95 - $66.17

Q2 2020

Shares 26,191 Value ($000) $1,920 Avg Close $59.12 Range $52.33 - $65.86

Q1 2020

Shares 82,714 Value ($000) $6,269 Avg Close $70.35 Range $46.70 - $82.05

Q4 2019

Shares 87,627 Value ($000) $7,880 Avg Close $69.39 Range $65.00 - $74.61

Q3 2019

Shares 88,391 Value ($000) $8,580 Avg Close $71.87 Range $68.70 - $75.42

Q2 2019

Shares 88,913 Value ($000) $8,366 Avg Close $72.15 Range $69.78 - $75.74

Q1 2019

Shares 85,670 Value ($000) $8,188 Avg Close $67.77 Range $60.95 - $73.24

Q4 2018

Shares 90,497 Value ($000) $7,710 Avg Close $64.12 Range $57.80 - $69.17

Q3 2018

Shares 110,387 Value ($000) $8,740 Avg Close $59.27 Range $56.90 - $61.30

Q2 2018

Shares 107,429 Value ($000) $8,654 Avg Close $57.22 Range $53.85 - $59.87

Q1 2018

Shares 109,078 Value ($000) $8,704 Avg Close $56.89 Range $53.69 - $61.68

Q4 2017

Shares 108,678 Value ($000) $9,257 Avg Close $63.49 Range $60.19 - $66.68

Q3 2017

Shares 105,115 Value ($000) $8,889 Avg Close $62.55 Range $59.60 - $65.04

Q2 2017

Shares 36,349 Value ($000) $3,095 Avg Close $61.03 Range $58.21 - $63.58

Q1 2017

Shares 36,749 Value ($000) $3,064 Avg Close $56.18 Range $53.40 - $59.69

Q4 2016

Shares 36,749 Value ($000) $2,868 Avg Close $52.24 Range $49.50 - $55.16

Q3 2016

Shares 36,049 Value ($000) $2,739 Avg Close $53.79 Range $51.20 - $56.86

Q2 2016

Shares 38,749 Value ($000) $3,141 Avg Close $51.08 Range $48.16 - $55.70

Q1 2016

Shares 42,049 Value ($000) $3,157 Avg Close $46.44 Range $42.15 - $51.17

Q4 2015

Shares 41,149 Value ($000) $2,653 Avg Close $42.78 Range $40.93 - $44.75

Q3 2015

Shares 43,649 Value ($000) $2,800 Avg Close $40.69 Range $37.54 - $43.56

Q4 2014

Shares 46,080 Value ($000) $3,147 Avg Close $40.25 Range $35.11 - $46.19

Q3 2014

Shares 44,880 Value ($000) $2,452 Avg Close $35.72 Range $33.53 - $37.13

Q2 2014

Shares 45,580 Value ($000) $2,636 Avg Close $35.10 Range $33.77 - $36.96

Q1 2014

Shares 45,880 Value ($000) $2,507 Avg Close $33.65 Range $32.14 - $35.28

Q4 2013

Shares 47,980 Value ($000) $2,539 Avg Close $34.02 Range $32.61 - $36.23

Q3 2013

Shares 50,280 Value ($000) $2,752 Avg Close $34.55 Range $32.11 - $37.02

Q2 2013

Shares 50,280 Value ($000) $2,789 Avg Close $35.40 Range $31.53 - $37.84

Q1 2013

Shares 48,980 Value ($000) $2,835 Avg Close $32.98 Range $30.89 - $35.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	33,342	$2,957	$89.23	$86.18 - $93.48
Q3 2025	35,331	$3,168	$88.79	$84.44 - $93.47
Q2 2025	34,791	$3,113	$89.32	$84.01 - $93.67
Q1 2025	32,614	$3,106	$86.37	$78.26 - $93.02
Q4 2024	32,972	$2,795	$84.97	$80.67 - $91.67
Q3 2024	32,699	$2,897	$80.90	$70.66 - $87.05
Q2 2024	31,790	$2,428	$70.74	$65.76 - $74.22
Q1 2024	31,164	$2,329	$65.20	$60.62 - $69.54
Q4 2023	31,676	$2,276	$67.20	$62.94 - $70.91
Q3 2023	32,247	$2,376	$71.78	$66.39 - $77.25
Q2 2023	31,810	$2,591	$71.39	$67.35 - $75.96
Q1 2023	32,782	$2,598	$66.77	$63.66 - $71.10
Q4 2022	31,898	$2,426	$62.50	$51.16 - $70.75
Q3 2022	30,708	$1,981	$63.64	$55.76 - $68.03
Q2 2022	30,605	$2,238	$63.84	$55.80 - $68.19
Q1 2022	30,497	$2,382	$60.39	$56.02 - $66.65
Q4 2021	30,356	$2,143	$55.84	$51.86 - $61.46
Q3 2021	31,642	$2,290	$65.26	$58.98 - $71.06
Q2 2021	31,852	$2,611	$68.95	$65.28 - $72.42
Q1 2021	32,464	$2,641	$62.43	$56.60 - $66.33
Q4 2020	32,275	$2,580	$65.83	$58.83 - $73.60
Q3 2020	34,230	$2,552	$60.54	$54.95 - $66.17
Q2 2020	26,191	$1,920	$59.12	$52.33 - $65.86
Q1 2020	82,714	$6,269	$70.35	$46.70 - $82.05
Q4 2019	87,627	$7,880	$69.39	$65.00 - $74.61
Q3 2019	88,391	$8,580	$71.87	$68.70 - $75.42
Q2 2019	88,913	$8,366	$72.15	$69.78 - $75.74
Q1 2019	85,670	$8,188	$67.77	$60.95 - $73.24
Q4 2018	90,497	$7,710	$64.12	$57.80 - $69.17
Q3 2018	110,387	$8,740	$59.27	$56.90 - $61.30
Q2 2018	107,429	$8,654	$57.22	$53.85 - $59.87
Q1 2018	109,078	$8,704	$56.89	$53.69 - $61.68
Q4 2017	108,678	$9,257	$63.49	$60.19 - $66.68
Q3 2017	105,115	$8,889	$62.55	$59.60 - $65.04
Q2 2017	36,349	$3,095	$61.03	$58.21 - $63.58
Q1 2017	36,749	$3,064	$56.18	$53.40 - $59.69
Q4 2016	36,749	$2,868	$52.24	$49.50 - $55.16
Q3 2016	36,049	$2,739	$53.79	$51.20 - $56.86
Q2 2016	38,749	$3,141	$51.08	$48.16 - $55.70
Q1 2016	42,049	$3,157	$46.44	$42.15 - $51.17
Q4 2015	41,149	$2,653	$42.78	$40.93 - $44.75
Q3 2015	43,649	$2,800	$40.69	$37.54 - $43.56
Q4 2014	46,080	$3,147	$40.25	$35.11 - $46.19
Q3 2014	44,880	$2,452	$35.72	$33.53 - $37.13
Q2 2014	45,580	$2,636	$35.10	$33.77 - $36.96
Q1 2014	45,880	$2,507	$33.65	$32.14 - $35.28
Q4 2013	47,980	$2,539	$34.02	$32.61 - $36.23
Q3 2013	50,280	$2,752	$34.55	$32.11 - $37.02
Q2 2013	50,280	$2,789	$35.40	$31.53 - $37.84
Q1 2013	48,980	$2,835	$32.98	$30.89 - $35.12