Phillips 66
1,400 hedge funds and large institutions have $30.7B invested in Phillips 66 in 2019 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 556 increasing their positions, 503 reducing their positions, and 66 closing their positions.
89% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 66
56% more call options, than puts
Call options by funds: $258M | Put options by funds: $165M
11% more capital invested
Capital invested by funds: $27.8B → $30.7B (+$2.96B)
11% more repeat investments, than reductions
Existing positions increased: 556 | Existing positions reduced: 503
3% more funds holding
Funds holding: 1,355 → 1,400 (+45)
0.46% more ownership
Funds ownership: 70.43% → 70.88% (+0.46%)
19% less funds holding in top 10
Funds holding in top 10: 16 → 13 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$132M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$112M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$63.7M |
| 4 |
Neuberger Berman Group
New York
|
+$58.6M |
| 5 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$58.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Berkshire Hathaway
Omaha,
Nebraska
|
-$603M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$194M |
| 3 |
Millennium Management
New York
|
-$151M |
| 4 |
BlackRock
New York
|
-$86.7M |
| 5 |
Renaissance Technologies
New York
|
-$85M |
PSX Hedge Fund Activity: Q1 2019 in Review
1,400 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q1 2019, worth a combined $30.7B — up 11% from $27.8B a quarter earlier.
Buyers outnumbered sellers: 125 funds opened new PSX positions and 66 closed out — a net gain of 59 holders — while 556 added to existing stakes and 503 trimmed.
The largest buyer was LSV Asset Management, adding an estimated $132M. The largest seller was Berkshire Hathaway, cutting an estimated $603M.
- 1,400 institutional investors held Phillips 66 (PSX) as of Q1 2019, up from 1,355 in Q4 2018.
- Funds reported $30.7B of Phillips 66 stock for Q1 2019, up 11% quarter-over-quarter.
- 125 funds opened new Phillips 66 positions in Q1 2019 and 66 closed out, a net change of +59 holders.
- The largest Phillips 66 buyer in Q1 2019 was LSV Asset Management, an estimated $132M added.
- The largest Phillips 66 seller in Q1 2019 was Berkshire Hathaway, an estimated $603M sold.
Based on aggregated 13F filings for Q1 2019.