PBF Energy
321 hedge funds and large institutions have $3.7B invested in PBF Energy in 2018 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 128 increasing their positions, 121 reducing their positions, and 85 closing their positions.
64% more call options, than puts
Call options by funds: $26.8M | Put options by funds: $16.3M
6% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 121
0.72% more ownership
Funds ownership: 94.63% → 95.35% (+0.72%)
14% less funds holding
Funds holding: 372 → 321 (-51)
34% less capital invested
Capital invested by funds: $5.64B → $3.7B (-$1.94B)
58% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 85
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$104M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$52.9M |
| 3 |
Renaissance Technologies
New York
|
+$40.1M |
| 4 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$21.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Suvretta Capital Management
New York
|
-$72.2M |
| 2 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
-$38M |
| 3 |
O
OppenheimerFunds
New York
|
-$30.9M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$24.2M |
| 5 |
CPC
Cookson Peirce & Co
Pittsburgh,
Pennsylvania
|
-$21.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KF
401
Krilogy Financial
St. Louis,
Missouri
| – | -$3K | -52 | Closed |
|
402
Fifth Third Bancorp
Cincinnati,
Ohio
| – | +$161 | +4 | New |
|
|
BCA
403
Berman Capital Advisors
Atlanta,
Georgia
| – | +$242 | +6 | New |
|
PBF Hedge Fund Activity: Q4 2018 in Review
321 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PBF Energy (PBF) for Q4 2018, worth a combined $3.7B — down 34% from $5.64B a quarter earlier.
Sellers outnumbered buyers: 85 funds closed out of PBF and 36 opened new positions — a net loss of 49 holders — while 121 trimmed existing stakes and 128 added.
The largest buyer was AQR Capital Management, adding an estimated $104M. The largest seller was Suvretta Capital Management, exiting entirely with an estimated $72.2M sold.
- 321 institutional investors held PBF Energy (PBF) as of Q4 2018, down from 372 in Q3 2018.
- Funds reported $3.7B of PBF Energy stock for Q4 2018, down 34% quarter-over-quarter.
- 36 funds opened new PBF Energy positions in Q4 2018 and 85 closed out, a net change of -49 holders.
- The largest PBF Energy buyer in Q4 2018 was AQR Capital Management, an estimated $104M added.
- The largest PBF Energy seller in Q4 2018 was Suvretta Capital Management, an estimated $72.2M sold.
Based on aggregated 13F filings for Q4 2018.