Phillips 66
1,356 hedge funds and large institutions have $29.3B invested in Phillips 66 in 2019 Q2 according to their latest regulatory filings, with 78 funds opening new positions, 515 increasing their positions, 526 reducing their positions, and 104 closing their positions.
32% more call options, than puts
Call options by funds: $320M | Put options by funds: $242M
2% less repeat investments, than reductions
Existing positions increased: 515 | Existing positions reduced: 526
5% less capital invested
Capital invested by funds: $30.7B → $29.3B (-$1.44B)
1.73% less ownership
Funds ownership: 70.88% → 69.15% (-1.7%)
3% less funds holding
Funds holding: 1,401 → 1,356 (-45)
25% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 104
38% less funds holding in top 10
Funds holding in top 10: 13 → 8 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$328M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$161M |
| 3 |
EIP
Epoch Investment Partners
New York
|
+$114M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$105M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$96.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$206M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$135M |
| 3 |
Goldman Sachs
New York
|
-$114M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
-$92.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$81.8M |
PSX Hedge Fund Activity: Q2 2019 in Review
1,356 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q2 2019, worth a combined $29.3B — down 4.7% from $30.7B a quarter earlier.
Sellers outnumbered buyers: 104 funds closed out of PSX and 78 opened new positions — a net loss of 26 holders — while 526 trimmed existing stakes and 515 added.
The largest buyer was Nuveen, adding an estimated $328M. The largest seller was Fidelity Investments, cutting an estimated $206M.
- 1,356 institutional investors held Phillips 66 (PSX) as of Q2 2019, down from 1,401 in Q1 2019.
- Funds reported $29.3B of Phillips 66 stock for Q2 2019, down 4.7% quarter-over-quarter.
- 78 funds opened new Phillips 66 positions in Q2 2019 and 104 closed out, a net change of -26 holders.
- The largest Phillips 66 buyer in Q2 2019 was Nuveen, an estimated $328M added.
- The largest Phillips 66 seller in Q2 2019 was Fidelity Investments, an estimated $206M sold.
Based on aggregated 13F filings for Q2 2019.