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Phillips 66

1,039 hedge funds and large institutions have $28B invested in Phillips 66 in 2014 Q4 according to their latest regulatory filings, with 124 funds opening new positions, 354 increasing their positions, 410 reducing their positions, and 98 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more call options, than puts

Call options by funds: $464M | Put options by funds: $272M

27% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 98

1% more funds holding

Funds holding: 1,0271,039 (+12)

0.45% less ownership

Funds ownership: 71%70.55% (-0.45%)

14% less repeat investments, than reductions

Existing positions increased: 354 | Existing positions reduced: 410

17% less capital invested

Capital invested by funds: $33.7B → $28B (-$5.69B)

24% less funds holding in top 10

Funds holding in top 10: 2116 (-5)

Holders
1,039
Holders Change
+12
Holders Change %
+1.17%
% of All Funds
27.71%
Holding in Top 10
16
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-23.81%
% of All Funds
0.43%
New
124
Increased
354
Reduced
410
Closed
98
Calls
$464M
Puts
$272M
Net Calls
+$192M
Net Calls Change
+$57.9M
Name Holding Trade Value Shares
Change
Change in
Stake
SBAM
51
Santa Barbara Asset Management
California
$108M +$17.7M +240,421 +19%
CA
52
Cortland Advisers
Delaware
$105M
PPA
53
Parametric Portfolio Associates
Washington
$100M -$12.6M -170,328 -11%
CS
54
Credit Suisse
Switzerland
$99M -$9.87M -133,793 -9%
NIMC
55
NWQ Investment Management Company
California
$97.5M +$34.4M +466,728 +52%
First Eagle Investment Management
56
First Eagle Investment Management
New York
$89.4M +$6.64M +90,000 +8%
SFM
57
Soros Fund Management
New York
$84.2M -$88.5M -1,199,233 -51%
Royal Bank of Canada
58
Royal Bank of Canada
Ontario, Canada
$83.2M +$7.26M +98,351 +9%
AllianceBernstein
59
AllianceBernstein
Tennessee
$82.9M -$7.65M -103,626 -8%
Mitsubishi UFJ Trust & Banking
60
Mitsubishi UFJ Trust & Banking
Japan
$81.9M -$16.6M -225,167 -16%
New York State Teachers Retirement System (NYSTRS)
61
New York State Teachers Retirement System (NYSTRS)
New York
$79M -$554K -7,506 -0.7%
MAA
62
Managed Account Advisors
New Jersey
$78.6M -$14.2M -193,103 -15%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$77M +$749K +10,154 +1%
CLM
64
ClearBridge LLC (Maryland)
Maryland
$72.8M +$1.24M +16,830 +2%
American Century Companies
65
American Century Companies
Missouri
$72.7M -$92.5M -1,254,304 -55%
M&T Bank
66
M&T Bank
New York
$68.5M -$1.15M -15,636 -2%
Adage Capital Partners
67
Adage Capital Partners
Massachusetts
$67.7M -$27.6M -374,700 -28%
Robeco Institutional Asset Management
68
Robeco Institutional Asset Management
Netherlands
$66M -$4.2M -56,978 -6%
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$65.8M -$1.35M -18,252 -2%
AL
70
AJO LP
Pennsylvania
$64.7M +$66.2M +897,630 +16,623%
PNC Financial Services Group
71
PNC Financial Services Group
Pennsylvania
$63.9M -$1.33M -18,035 -2%
OSAM
72
O'Shaughnessy Asset Management
Connecticut
$63.6M +$21.3M +288,386 +48%
TA
73
Teachers Advisors
New York
$63.1M -$27.8M -376,205 -30%
State Board of Administration of Florida Retirement System
74
State Board of Administration of Florida Retirement System
Florida
$61.8M -$608K -8,247 -0.9%
Point72 Asset Management
75
Point72 Asset Management
Connecticut
$60.5M +$62.2M +843,500 New

PSX Hedge Fund Activity: Q4 2014 in Review

1,039 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q4 2014, worth a combined $28B — down 17% from $33.7B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new PSX positions and 98 closed out — a net gain of 26 holders — while 354 added to existing stakes and 410 trimmed.

The largest buyer was Third Point, opening a new position worth an estimated $369M. The largest seller was Americafirst Capital Management, exiting entirely with an estimated $1.44B sold.

  • 1,039 institutional investors held Phillips 66 (PSX) as of Q4 2014, up from 1,027 in Q3 2014.
  • Funds reported $28B of Phillips 66 stock for Q4 2014, down 17% quarter-over-quarter.
  • 124 funds opened new Phillips 66 positions in Q4 2014 and 98 closed out, a net change of +26 holders.
  • The largest Phillips 66 buyer in Q4 2014 was Third Point, an estimated $369M added.
  • The largest Phillips 66 seller in Q4 2014 was Americafirst Capital Management, an estimated $1.44B sold.

Based on aggregated 13F filings for Q4 2014.