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PBF Energy
PBF

233 hedge funds and large institutions have $3.31B invested in PBF Energy in 2017 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 83 increasing their positions, 93 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more call options, than puts

Call options by funds: $110M | Put options by funds: $61.6M

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

21% more capital invested

Capital invested by funds: $2.74B → $3.31B (+$564M)

3.31% less ownership

Funds ownership: 112.41% → 109.1% (-3.3%)

3% less funds holding

Funds holding: 241 → 233 (-8)

11% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 93

14% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 35

Holders
233
Holders Change
-8
Holders Change %
-3.32%
% of All Funds
5.81%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.12%
New
30
Increased
83
Reduced
93
Closed
35
Calls
$110M
Puts
$61.6M
Net Calls
+$48.2M
Net Calls Change
+$31.3M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$25.1M
2
Bank of America
Bank of America
North Carolina
+$20.4M
3
LSV Asset Management
LSV Asset Management
Illinois
+$12.1M
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$7.91M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$7.03M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$42.9M
2
Citadel Advisors
Citadel Advisors
Florida
-$13.8M
3
KCM
Kennedy Capital Management
Missouri
-$12.5M
4
State Street
State Street
Massachusetts
-$12.3M
5
SCM
Snow Capital Management
Pennsylvania
-$8.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
BG
1
Baupost Group
Massachusetts
$434M – – –
JP Morgan Chase
2
JP Morgan Chase
New York
$279M -$42.9M -1,854,232 -16%
Vanguard Group
3
Vanguard Group
Pennsylvania
$263M +$1.97M +84,940 +0.9%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$255M +$857 +37 +0%
BlackRock
5
BlackRock
New York
$249M -$2M -86,348 -0.9%
Barrow, Hanley, Mewhinney & Strauss
6
Barrow, Hanley, Mewhinney & Strauss
Texas
$196M -$1.16M -50,090 -0.7%
State Street
7
State Street
Massachusetts
$123M -$12.3M -532,207 -11%
SCM
8
Snow Capital Management
Pennsylvania
$92.7M -$8.63M -372,965 -10%
LSV Asset Management
9
LSV Asset Management
Illinois
$88.2M +$12.1M +521,527 +20%
Fuller & Thaler Asset Management
10
Fuller & Thaler Asset Management
California
$84.4M -$7.22M -311,767 -9%
Bank of America
11
Bank of America
North Carolina
$71.1M +$20.4M +880,815 +52%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$55.7M +$1.18M +50,806 +3%
Norges Bank
13
Norges Bank
Norway
$44.2M -$8.33M -359,825 -18%
Federated Hermes
14
Federated Hermes
Pennsylvania
$43.8M -$7.52M -324,658 -17%
Russell Investments Group
15
Russell Investments Group
United Kingdom
$43.8M +$1.63M +70,456 +5%
Wells Fargo
16
Wells Fargo
California
$39.5M -$5.24M -226,180 -14%
PP
17
Prudential plc
United Kingdom
$38.4M -$4.5M -194,400 -12%
DRZID
18
DePrince Race & Zollo Inc (DRZ)
Florida
$33.4M +$7.91M +341,675 +39%
Goldman Sachs
19
Goldman Sachs
New York
$32.2M -$2.76M -119,295 -9%
TC
20
Towle & Co
Colorado
$31.8M -$3.78M -163,483 -12%
O
21
OppenheimerFunds
New York
$31.4M +$210K +9,084 +0.8%
T. Rowe Price Associates
22
T. Rowe Price Associates
Maryland
$31.3M +$25.1M +1,085,095 +2,310%
Ameriprise
23
Ameriprise
Minnesota
$30.2M -$4.01M -173,161 -14%
AAM
24
Advisors Asset Management
Colorado
$29.9M +$3.9M +168,435 +18%
Comerica Bank
25
Comerica Bank
Texas
$29.5M -$2.51M -108,380 -10%
1
2 3 4 5

PBF Hedge Fund Activity: Q3 2017 in Review

233 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PBF Energy (PBF) for Q3 2017, worth a combined $3.31B — up 21% from $2.74B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of PBF and 30 opened new positions — a net loss of 5 holders — while 93 trimmed existing stakes and 83 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $25.1M. The largest seller was JP Morgan Chase, cutting an estimated $42.9M.

  • 233 institutional investors held PBF Energy (PBF) as of Q3 2017, down from 241 in Q2 2017.
  • Funds reported $3.31B of PBF Energy stock for Q3 2017, up 21% quarter-over-quarter.
  • 30 funds opened new PBF Energy positions in Q3 2017 and 35 closed out, a net change of -5 holders.
  • The largest PBF Energy buyer in Q3 2017 was T. Rowe Price Associates, an estimated $25.1M added.
  • The largest PBF Energy seller in Q3 2017 was JP Morgan Chase, an estimated $42.9M sold.

Based on aggregated 13F filings for Q3 2017.