PBF Energy
111 hedge funds and large institutions have $1.51B 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.
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%)
14% less funds holding
Funds holding: 129 → 111 (-18)
14% less capital invested
Capital invested by funds: $1.76B → $1.51B (-$253M)
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: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$52.1M |
| 2 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
+$40.4M |
| 3 |
JP Morgan Chase
New York
|
+$28.6M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$23.2M |
| 5 |
BG
Baupost Group
Boston,
Massachusetts
|
+$21.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
-$57.8M |
| 2 |
Morgan Stanley
New York
|
-$53.9M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$42.9M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$22.4M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$15.1M |
PBF Hedge Fund Activity: Q3 2013 in Review
111 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in PBF Energy (PBF) for Q3 2013, worth a combined $1.51B — down 14% from $1.76B 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 $1.51B of PBF Energy stock for Q3 2013, down 14% 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.