PBF LOGISTICS LP
PBFX
PBFX was delisted on the 30th of November, 2022.
53 hedge funds and large institutions have $119M invested in PBF LOGISTICS LP in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 15 closing their positions.
227% more call options, than puts
Call options by funds: $1.64M | Put options by funds: $502K
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
10% less funds holding
Funds holding: 59 → 53 (-6)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
70% less capital invested
Capital invested by funds: $391M → $119M (-$272M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$17.4M |
| 2 |
Morgan Stanley
New York
|
+$14M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$5.85M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$3.89M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$35.3M |
| 2 |
Goldman Sachs
New York
|
-$16.8M |
| 3 |
ClearBridge Investments
New York
|
-$15.5M |
| 4 |
SOAMC
Spirit of America Management Corp
Syosset,
New York
|
-$2.2M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.18M |
PBFX Hedge Fund Activity: Q1 2020 in Review
53 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in PBF LOGISTICS LP (PBFX) for Q1 2020, worth a combined $119M — down 70% from $391M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PBFX and 11 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 16 added.
The largest buyer was NXG Investment Management, adding an estimated $17.4M. The largest seller was Tortoise Capital Advisors, cutting an estimated $35.3M.
- 53 institutional investors held PBF LOGISTICS LP (PBFX) as of Q1 2020, down from 59 in Q4 2019.
- Funds reported $119M of PBF LOGISTICS LP stock for Q1 2020, down 70% quarter-over-quarter.
- 11 funds opened new PBF LOGISTICS LP positions in Q1 2020 and 15 closed out, a net change of -4 holders.
- The largest PBF LOGISTICS LP buyer in Q1 2020 was NXG Investment Management, an estimated $17.4M added.
- The largest PBF LOGISTICS LP seller in Q1 2020 was Tortoise Capital Advisors, an estimated $35.3M sold.
Based on aggregated 13F filings for Q1 2020.