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PBF Energy

111 hedge funds and large institutions have $1.93B invested in PBF Energy in 2013 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 52 increasing their positions, 30 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 30

1% less call options, than puts

Call options by funds: $35.8M | Put options by funds: $36.2M

2.17% less ownership

Funds ownership: 171.92%169.75% (-2.2%)

11% less capital invested

Capital invested by funds: $2.18B → $1.93B (-$245M)

14% less funds holding

Funds holding: 129111 (-18)

45% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 38

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

Holders
111
Holders Change
-18
Holders Change %
-13.95%
% of All Funds
3.6%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.06%
New
21
Increased
52
Reduced
30
Closed
38
Calls
$35.8M
Puts
$36.2M
Net Calls
-$405K
Net Calls Change
-$7.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Blackstone Inc
1
Blackstone Inc
New York
$582M
SAC
2
Smith Affiliated Capital
New York
$425M
JP Morgan Chase
3
JP Morgan Chase
New York
$141M +$28.6M +1,265,923 +25%
Select Equity Group
4
Select Equity Group
New York
$122M +$52.1M +2,304,190 +73%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$88.8M +$18M +793,364 +25%
BA
6
BlackRock Advisors
Delaware
$70.3M -$13.7M -604,764 -16%
Vanguard Group
7
Vanguard Group
Pennsylvania
$48.6M +$5.27M +232,997 +12%
BC
8
BHR Capital
New York
$42.1M
SIM
9
Stelliam Investment Management
New York
$41.8M +$14.2M +628,500 +51%
SCM
10
Snow Capital Management
Pennsylvania
$40M +$40.4M +1,783,685 New
CC
11
Carlson Capital
Texas
$23.1M +$23.2M +1,027,275 New
BG
12
Baupost Group
Massachusetts
$21.4M +$21.6M +955,140 New
MAI
13
Marble Arch Investments
New York
$20.3M -$1.77M -78,000 -8%
State Street
14
State Street
Massachusetts
$18.8M +$2.29M +101,178 +14%
BIT
15
BlackRock Institutional Trust
California
$17.6M +$4.33M +191,468 +32%
Goldman Sachs
16
Goldman Sachs
New York
$15.7M +$6.55M +289,372 +71%
TC
17
Towle & Co
Colorado
$11.6M +$11.7M +518,271 New
KCM
18
Kensico Capital Management
Connecticut
$10.1M +$22.6K +1,000 +0.2%
SPC
19
Slate Path Capital
New York
$9.77M
BFA
20
BlackRock Fund Advisors
California
$9.75M +$2.22M +98,275 +29%
D.E. Shaw & Co
21
D.E. Shaw & Co
New York
$8.86M -$1.61M -71,193 -15%
Wellington Management Group
22
Wellington Management Group
Massachusetts
$8.79M -$4.41M -194,760 -33%
Morgan Stanley
23
Morgan Stanley
New York
$8.27M -$53.9M -2,379,842 -87%
BG
24
BlackRock Group
United Kingdom
$7.82M -$131K -5,780 -2%
Capital World Investors
25
Capital World Investors
California
$7.3M +$7.35M +325,000 New

PBF Hedge Fund Activity: Q3 2013 in Review

111 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in PBF Energy (PBF) for Q3 2013, worth a combined $1.93B — down 11% from $2.18B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of PBF and 21 opened new positions — a net loss of 17 holders — while 30 trimmed existing stakes and 52 added.

The largest buyer was Select Equity Group, adding an estimated $52.1M. The largest seller was Jana Partners, exiting entirely with an estimated $57.8M sold.

  • 111 institutional investors held PBF Energy (PBF) as of Q3 2013, down from 129 in Q2 2013.
  • Funds reported $1.93B of PBF Energy stock for Q3 2013, down 11% quarter-over-quarter.
  • 21 funds opened new PBF Energy positions in Q3 2013 and 38 closed out, a net change of -17 holders.
  • The largest PBF Energy buyer in Q3 2013 was Select Equity Group, an estimated $52.1M added.
  • The largest PBF Energy seller in Q3 2013 was Jana Partners, an estimated $57.8M sold.

Based on aggregated 13F filings for Q3 2013.