Ray Dalio acquired 165k Pinnacle West Capital shares worth $17M. That's 0.06% of their equity portfolio (193rd largest holding). The first Pinnacle West Capital trade was made in Q4 2005. Since then Ray Dalio bought shares 24 more times and sold shares on 22 occasions. The stake costed the investor $14.2M, netting the investor a gain of 20% so far.