Delek Logistics
42 hedge funds and large institutions have $265M invested in Delek Logistics in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 6 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
8% more funds holding
Funds holding: 39 → 42 (+3)
0.47% less ownership
Funds ownership: 61.79% → 61.31% (-0.47%)
14% less capital invested
Capital invested by funds: $306M → $265M (-$41.5M)
82% less call options, than puts
Call options by funds: $752K | Put options by funds: $4.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$8.47M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$5.24M |
| 3 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
+$4.99M |
| 4 |
TAM
TPH Asset Management
Houston,
Texas
|
+$3.68M |
| 5 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$3.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$19.3M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$15.4M |
| 3 |
OMC
Overbrook Management Corp
New York
|
-$4.48M |
| 4 |
Goldman Sachs
New York
|
-$2.96M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$1.45M |
DKL Hedge Fund Activity: Q4 2014 in Review
42 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Delek Logistics (DKL) for Q4 2014, worth a combined $265M — down 14% from $306M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new DKL positions and 6 closed out — a net gain of 4 holders — while 17 added to existing stakes and 9 trimmed.
The largest buyer was Advisory Research, adding an estimated $8.47M. The largest seller was Bank of America, cutting an estimated $19.3M.
- 42 institutional investors held Delek Logistics (DKL) as of Q4 2014, up from 39 in Q3 2014.
- Funds reported $265M of Delek Logistics stock for Q4 2014, down 14% quarter-over-quarter.
- 10 funds opened new Delek Logistics positions in Q4 2014 and 6 closed out, a net change of +4 holders.
- The largest Delek Logistics buyer in Q4 2014 was Advisory Research, an estimated $8.47M added.
- The largest Delek Logistics seller in Q4 2014 was Bank of America, an estimated $19.3M sold.
Based on aggregated 13F filings for Q4 2014.