PBF Energy
218 hedge funds and large institutions have $2.27B invested in PBF Energy in 2014 Q2 according to their latest regulatory filings, with 70 funds opening new positions, 95 increasing their positions, 41 reducing their positions, and 22 closing their positions.
526% more call options, than puts
Call options by funds: $99.1M | Put options by funds: $15.8M
218% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 22
132% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 41
28% more funds holding
Funds holding: 170 → 218 (+48)
4% less capital invested
Capital invested by funds: $2.37B → $2.27B (-$99.3M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
67.31% less ownership
Funds ownership: 167.49% → 100.18% (-67%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
+$74M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$48.8M |
| 3 |
Millennium Management
New York
|
+$46.7M |
| 4 |
AWG
Alpha Wave Global
New York
|
+$44.4M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$449M |
| 2 |
Citigroup
New York
|
-$128M |
| 3 |
FRGX
First Reserve GP XII
Stamford,
Connecticut
|
-$83.1M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$38.8M |
| 5 |
SIM
Stelliam Investment Management
New York
|
-$36.4M |
PBF Hedge Fund Activity: Q2 2014 in Review
218 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PBF Energy (PBF) for Q2 2014, worth a combined $2.27B — down 4.2% from $2.37B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new PBF positions and 22 closed out — a net gain of 48 holders — while 95 added to existing stakes and 41 trimmed.
The largest buyer was Herndon Capital Management, opening a new position worth an estimated $74M. The largest seller was Blackstone Inc, cutting an estimated $449M.
- 218 institutional investors held PBF Energy (PBF) as of Q2 2014, up from 170 in Q1 2014.
- Funds reported $2.27B of PBF Energy stock for Q2 2014, down 4.2% quarter-over-quarter.
- 70 funds opened new PBF Energy positions in Q2 2014 and 22 closed out, a net change of +48 holders.
- The largest PBF Energy buyer in Q2 2014 was Herndon Capital Management, an estimated $74M added.
- The largest PBF Energy seller in Q2 2014 was Blackstone Inc, an estimated $449M sold.
Based on aggregated 13F filings for Q2 2014.