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Phillips 66

910 hedge funds and large institutions have $24B invested in Phillips 66 in 2013 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 318 increasing their positions, 383 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more call options, than puts

Call options by funds: $611M | Put options by funds: $378M

0.01% more ownership

Funds ownership: 68.07%68.08% (+0.01%)

3% less capital invested

Capital invested by funds: $24.8B → $24B (-$794M)

3% less funds holding

Funds holding: 934910 (-24)

17% less repeat investments, than reductions

Existing positions increased: 318 | Existing positions reduced: 383

18% less first-time investments, than exits

New positions opened: 69 | Existing positions closed: 84

53% less funds holding in top 10

Funds holding in top 10: 178 (-9)

Holders
910
Holders Change
-24
Holders Change %
-2.57%
% of All Funds
29.51%
Holding in Top 10
8
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-52.94%
% of All Funds
0.26%
New
69
Increased
318
Reduced
383
Closed
84
Calls
$611M
Puts
$378M
Net Calls
+$233M
Net Calls Change
-$66M
Name Holding Trade Value Shares
Change
Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$227M +$9.19M +158,578 +4%
RP
27
RR Partners
New York
$203M
Deutsche Bank
28
Deutsche Bank
Germany
$191M -$1.66M -28,616 -0.9%
Prudential Financial
29
Prudential Financial
New Jersey
$169M +$3.92M +67,591 +2%
Legal & General Group
30
Legal & General Group
United Kingdom
$167M +$5.3M +91,354 +3%
Morgan Stanley
31
Morgan Stanley
New York
$163M -$175M -3,010,055 -52%
Acadian Asset Management
32
Acadian Asset Management
Massachusetts
$153M -$83.6M -1,441,785 -35%
GCM
33
Glenview Capital Management
New York
$141M +$24.2M +417,536 +21%
Bank of America
34
Bank of America
North Carolina
$135M -$20.1M -345,885 -13%
SF
35
Sarofim Fayez
Texas
$133M +$133M +2,295,471 New
Adage Capital Partners
36
Adage Capital Partners
Massachusetts
$132M +$84.2M +1,452,396 +173%
Aristotle Capital Management
37
Aristotle Capital Management
California
$128M +$35.4M +610,879 +38%
Invesco
38
Invesco
Georgia
$120M -$401K -6,910 -0.3%
Jennison Associates
39
Jennison Associates
New York
$120M -$4.16M -71,824 -3%
BIM
40
BlackRock Investment Management
Delaware
$114M +$3.4M +58,605 +3%
UBS AM
41
UBS AM
Illinois
$111M +$6.28M +108,256 +6%
Goldman Sachs
42
Goldman Sachs
New York
$110M -$13.7M -236,343 -11%
New York State Common Retirement Fund
43
New York State Common Retirement Fund
New York
$105M -$6.48M -111,707 -6%
Arrowstreet Capital
44
Arrowstreet Capital
Massachusetts
$104M +$15.4M +265,639 +17%
California Public Employees Retirement System
45
California Public Employees Retirement System
California
$98.3M +$4.25M +73,369 +5%
BlackRock
46
BlackRock
New York
$96.1M +$12.2M +210,540 +14%
AllianceBernstein
47
AllianceBernstein
Tennessee
$95.9M +$5.36M +92,482 +6%
Charles Schwab
48
Charles Schwab
California
$94.2M +$2.01M +34,748 +2%
Allianz Asset Management
49
Allianz Asset Management
Germany
$92.7M +$9.62M +165,880 +12%
CM
50
Corvex Management
New York
$92M +$22.8M +393,221 +33%

PSX Hedge Fund Activity: Q3 2013 in Review

910 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q3 2013, worth a combined $24B — down 3.2% from $24.8B a quarter earlier.

Sellers outnumbered buyers: 84 funds closed out of PSX and 69 opened new positions — a net loss of 15 holders — while 383 trimmed existing stakes and 318 added.

The largest buyer was Wellington Management Group, adding an estimated $449M. The largest seller was Capital World Investors, cutting an estimated $409M.

  • 910 institutional investors held Phillips 66 (PSX) as of Q3 2013, down from 934 in Q2 2013.
  • Funds reported $24B of Phillips 66 stock for Q3 2013, down 3.2% quarter-over-quarter.
  • 69 funds opened new Phillips 66 positions in Q3 2013 and 84 closed out, a net change of -15 holders.
  • The largest Phillips 66 buyer in Q3 2013 was Wellington Management Group, an estimated $449M added.
  • The largest Phillips 66 seller in Q3 2013 was Capital World Investors, an estimated $409M sold.

Based on aggregated 13F filings for Q3 2013.