Phillips 66
1,153 hedge funds and large institutions have $31.6B invested in Phillips 66 in 2016 Q4 according to their latest regulatory filings, with 147 funds opening new positions, 379 increasing their positions, 442 reducing their positions, and 64 closing their positions.
130% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 64
6% more capital invested
Capital invested by funds: $29.7B → $31.6B (+$1.9B)
6% more funds holding
Funds holding: 1,086 → 1,153 (+67)
0.19% less ownership
Funds ownership: 70.42% → 70.24% (-0.19%)
9% less call options, than puts
Call options by funds: $355M | Put options by funds: $390M
14% less repeat investments, than reductions
Existing positions increased: 379 | Existing positions reduced: 442
17% less funds holding in top 10
Funds holding in top 10: 18 → 15 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$119M |
| 2 |
RL
Ruffer LLP
London,
United Kingdom
|
+$83.6M |
| 3 |
State Street
Boston,
Massachusetts
|
+$65.5M |
| 4 |
Asset Management One
Tokyo,
Japan
|
+$62.4M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$45.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$163M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$157M |
| 3 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$149M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$112M |
| 5 |
Barclays
London,
United Kingdom
|
-$63.7M |
PSX Hedge Fund Activity: Q4 2016 in Review
1,153 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q4 2016, worth a combined $31.6B — up 6.4% from $29.7B a quarter earlier.
Buyers outnumbered sellers: 147 funds opened new PSX positions and 64 closed out — a net gain of 83 holders — while 379 added to existing stakes and 442 trimmed.
The largest buyer was Waddell & Reed Financial, adding an estimated $119M. The largest seller was LSV Asset Management, cutting an estimated $163M.
- 1,153 institutional investors held Phillips 66 (PSX) as of Q4 2016, up from 1,086 in Q3 2016.
- Funds reported $31.6B of Phillips 66 stock for Q4 2016, up 6.4% quarter-over-quarter.
- 147 funds opened new Phillips 66 positions in Q4 2016 and 64 closed out, a net change of +83 holders.
- The largest Phillips 66 buyer in Q4 2016 was Waddell & Reed Financial, an estimated $119M added.
- The largest Phillips 66 seller in Q4 2016 was LSV Asset Management, an estimated $163M sold.
Based on aggregated 13F filings for Q4 2016.