Delek US
150 hedge funds and large institutions have $984M invested in Delek US in 2016 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 52 increasing their positions, 54 reducing their positions, and 34 closing their positions.
525% more call options, than puts
Call options by funds: $13M | Put options by funds: $2.08M
29% more capital invested
Capital invested by funds: $764M → $984M (+$219M)
0.94% less ownership
Funds ownership: 93.61% → 92.67% (-0.94%)
4% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 54
8% less funds holding
Funds holding: 163 → 150 (-13)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
38% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ABC
Anchor Bolt Capital
Chicago,
Illinois
|
+$16.1M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$14.6M |
| 3 |
Millennium Management
New York
|
+$14.5M |
| 4 |
JP Morgan Chase
New York
|
+$8.79M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$7.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$24.4M |
| 2 |
D.E. Shaw & Co
New York
|
-$11M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$9.7M |
| 4 |
Morgan Stanley
New York
|
-$7.17M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$5.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
176
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$11K | -830 | Closed |
|
|
WP
177
WealthPLAN Partners
Omaha,
Nebraska
| – | -$7 | -508 | Closed |
|
178
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$5K | -349 | Closed |
|
179
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -225 | Closed |
|
|
JIR
180
James Investment Research
Alpha,
Ohio
| – | -$3K | -200 | Closed |
|
181
Credit Agricole
Montrouge Cedex,
France
| – | +$15 | +1 | New |
|
DK Hedge Fund Activity: Q3 2016 in Review
150 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Delek US (DK) for Q3 2016, worth a combined $984M — up 29% from $764M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of DK and 21 opened new positions — a net loss of 13 holders — while 54 trimmed existing stakes and 52 added.
The largest buyer was Anchor Bolt Capital, opening a new position worth an estimated $16.1M. The largest seller was Starboard Value, exiting entirely with an estimated $24.4M sold.
- 150 institutional investors held Delek US (DK) as of Q3 2016, down from 163 in Q2 2016.
- Funds reported $984M of Delek US stock for Q3 2016, up 29% quarter-over-quarter.
- 21 funds opened new Delek US positions in Q3 2016 and 34 closed out, a net change of -13 holders.
- The largest Delek US buyer in Q3 2016 was Anchor Bolt Capital, an estimated $16.1M added.
- The largest Delek US seller in Q3 2016 was Starboard Value, an estimated $24.4M sold.
Based on aggregated 13F filings for Q3 2016.