PBF LOGISTICS LP
PBFX
PBFX was delisted on the 30th of November, 2022.
47 hedge funds and large institutions have $327M invested in PBF LOGISTICS LP in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 8 closing their positions.
86% more call options, than puts
Call options by funds: $1.96M | Put options by funds: $1.05M
16% more capital invested
Capital invested by funds: $282M → $327M (+$45.2M)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
6% less funds holding
Funds holding: 50 → 47 (-3)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$38.4M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$8.8M |
| 3 |
Goldman Sachs
New York
|
+$6.3M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$3.74M |
| 5 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
NBW Capital
Boston,
Massachusetts
|
-$7.15M |
| 2 |
Morgan Stanley
New York
|
-$3.6M |
| 3 |
BCFA
BP Capital Fund Advisors
Dallas,
Texas
|
-$2.83M |
| 4 |
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
|
-$2.41M |
| 5 |
ClearBridge Investments
New York
|
-$1.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JMPWA
51
JP Morgan Private Wealth Advisors
San Francisco,
California
| – | -$391K | -18,639 | Closed |
|
52
BNP Paribas Financial Markets
Paris,
France
| – | -$95.3K | -4,536 | Closed |
|
|
CG
53
Cutler Group
San Francisco,
California
| – | -$69.4K | -3,208 | Closed |
|
54
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$41K | -1,955 | Closed |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| – | -$38K | -1,816 | Closed |
|
PBFX Hedge Fund Activity: Q3 2018 in Review
47 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in PBF LOGISTICS LP (PBFX) for Q3 2018, worth a combined $327M — up 16% from $282M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PBFX and 7 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 15 added.
The largest buyer was Tortoise Capital Advisors, opening a new position worth an estimated $38.4M. The largest seller was NBW Capital, exiting entirely with an estimated $7.15M sold.
- 47 institutional investors held PBF LOGISTICS LP (PBFX) as of Q3 2018, down from 50 in Q2 2018.
- Funds reported $327M of PBF LOGISTICS LP stock for Q3 2018, up 16% quarter-over-quarter.
- 7 funds opened new PBF LOGISTICS LP positions in Q3 2018 and 8 closed out, a net change of -1 holder.
- The largest PBF LOGISTICS LP buyer in Q3 2018 was Tortoise Capital Advisors, an estimated $38.4M added.
- The largest PBF LOGISTICS LP seller in Q3 2018 was NBW Capital, an estimated $7.15M sold.
Based on aggregated 13F filings for Q3 2018.