PINNACLE WEST CAP CORP

Institution	Shares	Value ($000)
Ovata Capital Management Ltd	28,000,000	$29,956
Brevan Howard Capital Management LP	22,500,000	$24,131
MUFG SECURITIES AMERICAS INC.	3,000,000	$3,256
MIZUHO SECURITIES USA LLC	3,500,000	$3,732
Police & Firemen's Retirement System of New Jersey	994,000	$1,063
UBS Group AG	4,676,000	$4,992
JPMORGAN CHASE & CO	527,000	$564
SUSQUEHANNA ADVISORS GROUP, INC.	10,000,000	$107

Increased Positions (9)

Shaolin Capital Management LLC

Value ($000) $67,364 (+394.9%) Shares 63,000,000 (+404.0%)

ANGELO GORDON & CO., L.P.

Value ($000) $25,086 (+26.3%) Shares 23,500,000 (+27.0%)

Lombard Odier Asset Management (Europe) Ltd

Value ($000) $5,843 (+162.4%) Shares 5,462,000 (+16451.5%)

INCOME RESEARCH & MANAGEMENT

Value ($000) $3,236 (+5.7%) Shares 3,031,000 (+6.3%)

D. E. Shaw & Co., Inc.

Value ($000) $85,039 (+263.7%) Shares 79,497,000 (+266.4%)

LOOMIS SAYLES & CO L P

Value ($000) $11,785 (+6637.8%) Shares 132,861 (+6709.9%)

TWO SIGMA INVESTMENTS, LP

Value ($000) $16,813 (+60.6%) Shares 15,750,000 (+61.5%)

WELLS FARGO & COMPANY/MN

Value ($000) $11,890 (+103.6%) Shares 11,108,000 (+104.9%)

STATE STREET CORP

Value ($000) $12,104 (+0.6%) Shares 11,280,000 (+2.3%)

Institution	Prev Shares	Curr Shares	Change
Shaolin Capital Management LLC	12,500,000	63,000,000	+50,500,000 (+404.0%)
ANGELO GORDON & CO., L.P.	18,500,000	23,500,000	+5,000,000 (+27.0%)
Lombard Odier Asset Management (Europe) Ltd	33,000	5,462,000	+5,429,000 (+16451.5%)
INCOME RESEARCH & MANAGEMENT	2,851,000	3,031,000	+180,000 (+6.3%)
D. E. Shaw & Co., Inc.	21,697,000	79,497,000	+57,800,000 (+266.4%)
LOOMIS SAYLES & CO L P	1,951	132,861	+130,910 (+6709.9%)
TWO SIGMA INVESTMENTS, LP	9,750,000	15,750,000	+6,000,000 (+61.5%)
WELLS FARGO & COMPANY/MN	5,420,000	11,108,000	+5,688,000 (+104.9%)
STATE STREET CORP	11,030,000	11,280,000	+250,000 (+2.3%)

Decreased Positions (6)

CAMDEN ASSET MANAGEMENT L P /CA

Value ($000) $19,416 (-49.0%) Shares 18,188,000 (-48.6%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $21,155 (-73.0%) Shares 19,785,000 (-72.9%)

WHITEBOX ADVISORS LLC

Value ($000) $12,009 (-47.4%) Shares 11,250,000 (-47.1%)

CITADEL ADVISORS LLC

Value ($000) $32,078 (-55.5%) Shares 30,000,000 (-55.2%)

BlackRock, Inc.

Value ($000) $35,980 (-45.1%) Shares 33,705,000 (-44.7%)

CITIGROUP INC

Value ($000) $2,220 (-58.7%) Shares 2,080,000 (-58.4%)

Institution	Prev Shares	Curr Shares	Change
CAMDEN ASSET MANAGEMENT L P /CA	35,413,000	18,188,000	-17,225,000 (-48.6%)
WOLVERINE ASSET MANAGEMENT LLC	72,900,000	19,785,000	-53,115,000 (-72.9%)
WHITEBOX ADVISORS LLC	21,250,000	11,250,000	-10,000,000 (-47.1%)
CITADEL ADVISORS LLC	67,000,000	30,000,000	-37,000,000 (-55.2%)
BlackRock, Inc.	60,985,000	33,705,000	-27,280,000 (-44.7%)
CITIGROUP INC	5,000,000	2,080,000	-2,920,000 (-58.4%)

Exited Positions (8)

KIM, LLC

Value ($000) $7,536 Shares 7,000,000

AQR Arbitrage LLC

Value ($000) $20,235 Shares 18,797,000

Laffer Tengler Investments, Inc.

Value ($000) $2,752 Shares 24,910

MOORE CAPITAL MANAGEMENT, LP

Value ($000) $5,396 Shares 5,000,000

Point72 Asset Management, L.P.

Value ($000) $24,240 Shares 22,500,000

Parallax Volatility Advisers, L.P.

Value ($000) $7,518 Shares 7,000,000

BANK OF AMERICA CORP /DE/

Value ($000) $1,358 Shares 1,264,000

JANE STREET GROUP, LLC

Value ($000) $216 Shares 200,000

Institution	Prev Shares	Prev Value ($000)
KIM, LLC	7,000,000	$7,536
AQR Arbitrage LLC	18,797,000	$20,235
Laffer Tengler Investments, Inc.	24,910	$2,752
MOORE CAPITAL MANAGEMENT, LP	5,000,000	$5,396
Point72 Asset Management, L.P.	22,500,000	$24,240
Parallax Volatility Advisers, L.P.	7,000,000	$7,518
BANK OF AMERICA CORP /DE/	1,264,000	$1,358
JANE STREET GROUP, LLC	200,000	$216