Delek Logistics
42 hedge funds and large institutions have $195M invested in Delek Logistics in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 14 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
3.8% less ownership
Funds ownership: 29.39% → 25.59% (-3.8%)
15% less capital invested
Capital invested by funds: $230M → $195M (-$34.9M)
18% less funds holding
Funds holding: 51 → 42 (-9)
59% less call options, than puts
Call options by funds: $3.08M | Put options by funds: $7.46M
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$1.27M |
| 2 |
Cohen & Steers
New York
|
+$915K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$667K |
| 4 |
IFAM
Institutional & Family Asset Management
Fort Collins,
Colorado
|
+$561K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$390K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Gotham Asset Management
New York
|
-$18.7M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
-$3.49M |
| 3 |
BCFA
BP Capital Fund Advisors
Dallas,
Texas
|
-$1.83M |
| 4 |
Goldman Sachs
New York
|
-$1.32M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$947K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$131K | -4,000 | Closed |
|
|
AIM
52
Acrospire Investment Management
Chicago,
Illinois
| – | -$62K | -1,885 | Closed |
|
53
Simplex Trading
Chicago,
Illinois
| – | -$35.6K | -1,132 | Closed |
|
54
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$33K | -1,000 | Closed |
|
55
Creative Planning
Overland Park,
Kansas
| – | -$16K | -500 | Closed |
|
|
NA
56
NewEdge Advisors
New Orleans,
Louisiana
| – | -$6.42K | -200 | Closed |
|
DKL Hedge Fund Activity: Q3 2017 in Review
42 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Delek Logistics (DKL) for Q3 2017, worth a combined $195M — down 15% from $230M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of DKL and 5 opened new positions — a net loss of 9 holders — while 10 trimmed existing stakes and 14 added.
The largest buyer was ClearBridge Investments, adding an estimated $1.27M. The largest seller was Gotham Asset Management, exiting entirely with an estimated $18.7M sold.
- 42 institutional investors held Delek Logistics (DKL) as of Q3 2017, down from 51 in Q2 2017.
- Funds reported $195M of Delek Logistics stock for Q3 2017, down 15% quarter-over-quarter.
- 5 funds opened new Delek Logistics positions in Q3 2017 and 14 closed out, a net change of -9 holders.
- The largest Delek Logistics buyer in Q3 2017 was ClearBridge Investments, an estimated $1.27M added.
- The largest Delek Logistics seller in Q3 2017 was Gotham Asset Management, an estimated $18.7M sold.
Based on aggregated 13F filings for Q3 2017.