Phillips 66
1,129 hedge funds and large institutions have $15.3B invested in Phillips 66 in 2020 Q3 according to their latest regulatory filings, with 75 funds opening new positions, 342 increasing their positions, 545 reducing their positions, and 202 closing their positions.
13% more call options, than puts
Call options by funds: $180M | Put options by funds: $159M
0.23% more ownership
Funds ownership: 67.17% → 67.4% (+0.23%)
11% less funds holding
Funds holding: 1,269 → 1,129 (-140)
27% less capital invested
Capital invested by funds: $21B → $15.3B (-$5.78B)
37% less repeat investments, than reductions
Existing positions increased: 342 | Existing positions reduced: 545
63% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 202
75% less funds holding in top 10
Funds holding in top 10: 12 → 3 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$389M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$155M |
| 3 |
JP Morgan Chase
New York
|
+$140M |
| 4 |
BlackRock
New York
|
+$62.2M |
| 5 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$59.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$93.5M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$70.8M |
| 3 |
Millennium Management
New York
|
-$68.4M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$65.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$52.4M |
PSX Hedge Fund Activity: Q3 2020 in Review
1,129 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q3 2020, worth a combined $15.3B — down 27% from $21B a quarter earlier.
Sellers outnumbered buyers: 202 funds closed out of PSX and 75 opened new positions — a net loss of 127 holders — while 545 trimmed existing stakes and 342 added.
The largest buyer was Vanguard Group, adding an estimated $389M. The largest seller was Waddell & Reed Financial, cutting an estimated $93.5M.
- 1,129 institutional investors held Phillips 66 (PSX) as of Q3 2020, down from 1,269 in Q2 2020.
- Funds reported $15.3B of Phillips 66 stock for Q3 2020, down 27% quarter-over-quarter.
- 75 funds opened new Phillips 66 positions in Q3 2020 and 202 closed out, a net change of -127 holders.
- The largest Phillips 66 buyer in Q3 2020 was Vanguard Group, an estimated $389M added.
- The largest Phillips 66 seller in Q3 2020 was Waddell & Reed Financial, an estimated $93.5M sold.
Based on aggregated 13F filings for Q3 2020.