PBF LOGISTICS LP
PBFX
PBFX was delisted on the 30th of November, 2022.
45 hedge funds and large institutions have $325M invested in PBF LOGISTICS LP in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 22 increasing their positions, 15 reducing their positions, and 9 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 15
8% less capital invested
Capital invested by funds: $353M → $325M (-$28.3M)
15% less funds holding
Funds holding: 53 → 45 (-8)
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $218K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$6.75M |
| 2 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$4.97M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$4.57M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$4.36M |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$3.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$11.7M |
| 2 |
Morgan Stanley
New York
|
-$7.91M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$4.84M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$4.13M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$2.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFC
51
Russell Frank Company
Seattle,
Washington
| – | -$25K | -900 | Closed |
|
|
FIM
52
Foresters Investment Management
New York
| – | -$22K | -800 | Closed |
|
|
STC
53
SEI Trust Company
Oaks,
Pennsylvania
| – | -$17K | -620 | Closed |
|
54
Credit Agricole
Montrouge Cedex,
France
| – | -$11K | -400 | Closed |
|
PBFX Hedge Fund Activity: Q3 2014 in Review
45 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in PBF LOGISTICS LP (PBFX) for Q3 2014, worth a combined $325M — down 8% from $353M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PBFX and 2 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 22 added.
The largest buyer was Advisory Research, adding an estimated $6.75M. The largest seller was NXG Investment Management, exiting entirely with an estimated $11.7M sold.
- 45 institutional investors held PBF LOGISTICS LP (PBFX) as of Q3 2014, down from 53 in Q2 2014.
- Funds reported $325M of PBF LOGISTICS LP stock for Q3 2014, down 8% quarter-over-quarter.
- 2 funds opened new PBF LOGISTICS LP positions in Q3 2014 and 9 closed out, a net change of -7 holders.
- The largest PBF LOGISTICS LP buyer in Q3 2014 was Advisory Research, an estimated $6.75M added.
- The largest PBF LOGISTICS LP seller in Q3 2014 was NXG Investment Management, an estimated $11.7M sold.
Based on aggregated 13F filings for Q3 2014.