Phillips 66
1,027 hedge funds and large institutions have $33.7B invested in Phillips 66 in 2014 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 315 increasing their positions, 473 reducing their positions, and 61 closing their positions.
51% more call options, than puts
Call options by funds: $399M | Put options by funds: $265M
3% more capital invested
Capital invested by funds: $32.7B → $33.7B (+$970M)
0% more funds holding in top 10
Funds holding in top 10: 21 → 21 (0)
0.81% less ownership
Funds ownership: 71.81% → 71% (-0.81%)
7% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 61
1% less funds holding
Funds holding: 1,039 → 1,027 (-12)
33% less repeat investments, than reductions
Existing positions increased: 315 | Existing positions reduced: 473
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$317M |
| 2 |
JP Morgan Chase
New York
|
+$236M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$188M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$125M |
| 5 |
First Eagle Investment Management
New York
|
+$96.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$441M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$386M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$214M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$125M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$124M |
PSX Hedge Fund Activity: Q3 2014 in Review
1,027 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q3 2014, worth a combined $33.7B — up 3% from $32.7B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of PSX and 57 opened new positions — a net loss of 4 holders — while 473 trimmed existing stakes and 315 added.
The largest buyer was Iridian Asset Management, adding an estimated $317M. The largest seller was Barclays, cutting an estimated $441M.
- 1,027 institutional investors held Phillips 66 (PSX) as of Q3 2014, down from 1,039 in Q2 2014.
- Funds reported $33.7B of Phillips 66 stock for Q3 2014, up 3% quarter-over-quarter.
- 57 funds opened new Phillips 66 positions in Q3 2014 and 61 closed out, a net change of -4 holders.
- The largest Phillips 66 buyer in Q3 2014 was Iridian Asset Management, an estimated $317M added.
- The largest Phillips 66 seller in Q3 2014 was Barclays, an estimated $441M sold.
Based on aggregated 13F filings for Q3 2014.