Delek Logistics
42 hedge funds and large institutions have $41.7M invested in Delek Logistics in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 12 closing their positions.
92% more call options, than puts
Call options by funds: $562K | Put options by funds: $293K
3.59% less ownership
Funds ownership: 22.33% → 18.74% (-3.6%)
11% less funds holding
Funds holding: 47 → 42 (-5)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
44% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 18
76% less capital invested
Capital invested by funds: $175M → $41.7M (-$133M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$7.28M |
| 2 |
Morgan Stanley
New York
|
+$3.82M |
| 3 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$2.64M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$1.92M |
| 5 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$774K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$23.2M |
| 2 |
ClearBridge Investments
New York
|
-$6.07M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.76M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.47M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
-$924K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HF
51
HRT Financial
New York
| – | -$236K | -7,400 | Closed |
|
52
HighTower Advisors
Chicago,
Illinois
| – | -$229K | -7,216 | Closed |
|
|
SCA
53
Salient Capital Advisors
Houston,
Texas
| – | -$124K | -3,866 | Closed |
|
54
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$30K | -950 | Closed |
|
DKL Hedge Fund Activity: Q1 2020 in Review
42 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Delek Logistics (DKL) for Q1 2020, worth a combined $41.7M — down 76% from $175M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of DKL and 8 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 10 added.
The largest buyer was Goldman Sachs, adding an estimated $7.28M. The largest seller was Tortoise Capital Advisors, cutting an estimated $23.2M.
- 42 institutional investors held Delek Logistics (DKL) as of Q1 2020, down from 47 in Q4 2019.
- Funds reported $41.7M of Delek Logistics stock for Q1 2020, down 76% quarter-over-quarter.
- 8 funds opened new Delek Logistics positions in Q1 2020 and 12 closed out, a net change of -4 holders.
- The largest Delek Logistics buyer in Q1 2020 was Goldman Sachs, an estimated $7.28M added.
- The largest Delek Logistics seller in Q1 2020 was Tortoise Capital Advisors, an estimated $23.2M sold.
Based on aggregated 13F filings for Q1 2020.