Delek US
167 hedge funds and large institutions have $1.5B invested in Delek US in 2014 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 79 increasing their positions, 40 reducing their positions, and 26 closing their positions.
98% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 40
38% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 26
17% more capital invested
Capital invested by funds: $1.27B → $1.5B (+$222M)
16.49% more ownership
Funds ownership: 72.75% → 89.24% (+16%)
6% more funds holding
Funds holding: 157 → 167 (+10)
48% less call options, than puts
Call options by funds: $1.78M | Put options by funds: $3.42M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$56.9M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
+$44.3M |
| 3 |
SCM
Steadfast Capital Management
New York
|
+$43.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$27.9M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$20.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$29.9M |
| 2 |
MAI
Marble Arch Investments
New York
|
-$22M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$16.9M |
| 4 |
VanEck Associates
New York
|
-$16.2M |
| 5 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$14.5M |
DK Hedge Fund Activity: Q2 2014 in Review
167 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Delek US (DK) for Q2 2014, worth a combined $1.5B — up 17% from $1.27B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new DK positions and 26 closed out — a net gain of 10 holders — while 79 added to existing stakes and 40 trimmed.
The largest buyer was Millennium Management, adding an estimated $56.9M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $29.9M.
- 167 institutional investors held Delek US (DK) as of Q2 2014, up from 157 in Q1 2014.
- Funds reported $1.5B of Delek US stock for Q2 2014, up 17% quarter-over-quarter.
- 36 funds opened new Delek US positions in Q2 2014 and 26 closed out, a net change of +10 holders.
- The largest Delek US buyer in Q2 2014 was Millennium Management, an estimated $56.9M added.
- The largest Delek US seller in Q2 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $29.9M sold.
Based on aggregated 13F filings for Q2 2014.