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Phillips 66

1,222 hedge funds and large institutions have $16B invested in Phillips 66 in 2020 Q1 according to their latest regulatory filings, with 87 funds opening new positions, 416 increasing their positions, 589 reducing their positions, and 384 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more call options, than puts

Call options by funds: $143M | Put options by funds: $115M

1.34% less ownership

Funds ownership: 69.4%68.07% (-1.3%)

15% less funds holding in top 10

Funds holding in top 10: 1311 (-2)

21% less funds holding

Funds holding: 1,5391,222 (-317)

29% less repeat investments, than reductions

Existing positions increased: 416 | Existing positions reduced: 589

53% less capital invested

Capital invested by funds: $34.4B → $16B (-$18.3B)

77% less first-time investments, than exits

New positions opened: 87 | Existing positions closed: 384

Holders
1,222
Holders Change
-317
Holders Change %
-20.6%
% of All Funds
26.92%
Holding in Top 10
11
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-15.38%
% of All Funds
0.24%
New
87
Increased
416
Reduced
589
Closed
384
Calls
$143M
Puts
$115M
Net Calls
+$28.3M
Net Calls Change
+$109M
Name Holding Trade Value Shares
Change
Change in
Stake
RJA
51
Raymond James & Associates
Florida
$50.2M +$26.1M +321,249 +52%
D.E. Shaw & Co
52
D.E. Shaw & Co
New York
$50M +$34.2M +419,880 +82%
PNC Financial Services Group
53
PNC Financial Services Group
Pennsylvania
$48.9M -$37.7M -463,389 -34%
Public Employees Retirement Association of Colorado
54
Public Employees Retirement Association of Colorado
Colorado
$47.8M -$887K -10,894 -1%
Neuberger Berman Group
55
Neuberger Berman Group
New York
$47.5M -$130M -1,598,623 -64%
PP
56
Prudential plc
United Kingdom
$47.3M +$32.6M +400,769 +83%
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$46.6M -$1.08M -13,252 -2%
CS
58
Credit Suisse
Switzerland
$44M +$4.84M +59,472 +8%
Bank of Nova Scotia
59
Bank of Nova Scotia
Ontario, Canada
$43M +$55.6M +683,382 +579%
Canada Life
60
Canada Life
Manitoba, Canada
$43M -$459K -5,645 -0.7%
Citigroup
61
Citigroup
New York
$42.9M -$3.23M -39,651 -5%
Millennium Management
62
Millennium Management
New York
$42.5M +$15.4M +188,999 +31%
CWM
63
CIBC World Markets
New York
$41.6M +$51.9M +637,910 +464%
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
$41M -$37.9M -465,707 -38%
Two Sigma Advisers
65
Two Sigma Advisers
New York
$40.8M +$38.5M +473,484 +165%
ACM
66
Alta Capital Management
Utah
$40.3M +$31.3M +384,586 +105%
Bank of Montreal
67
Bank of Montreal
Ontario, Canada
$39.8M -$4.04M -49,607 -6%
UBS Group
68
UBS Group
Switzerland
$37.6M -$38.4M -472,457 -40%
HSBC Holdings
69
HSBC Holdings
United Kingdom
$36.9M +$9.04M +111,058 +19%
Principal Financial Group
70
Principal Financial Group
Iowa
$36.9M +$521K +6,407 +0.9%
Assenagon Asset Management
71
Assenagon Asset Management
Luxembourg
$36.5M -$6.89M -84,706 -11%
ECA
72
Encompass Capital Advisors
New York
$36.2M +$54.9M +675,000 New
New York State Teachers Retirement System (NYSTRS)
73
New York State Teachers Retirement System (NYSTRS)
New York
$36.1M +$903K +11,100 +2%
RP
74
RR Partners
New York
$35.8M
Fayez Sarofim & Co
75
Fayez Sarofim & Co
Texas
$35.1M -$5.02M -61,666 -9%

PSX Hedge Fund Activity: Q1 2020 in Review

1,222 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q1 2020, worth a combined $16B — down 53% from $34.4B a quarter earlier.

Sellers outnumbered buyers: 384 funds closed out of PSX and 87 opened new positions — a net loss of 297 holders — while 589 trimmed existing stakes and 416 added.

The largest buyer was State Street, adding an estimated $142M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $214M sold.

  • 1,222 institutional investors held Phillips 66 (PSX) as of Q1 2020, down from 1,539 in Q4 2019.
  • Funds reported $16B of Phillips 66 stock for Q1 2020, down 53% quarter-over-quarter.
  • 87 funds opened new Phillips 66 positions in Q1 2020 and 384 closed out, a net change of -297 holders.
  • The largest Phillips 66 buyer in Q1 2020 was State Street, an estimated $142M added.
  • The largest Phillips 66 seller in Q1 2020 was Renaissance Technologies, an estimated $214M sold.

Based on aggregated 13F filings for Q1 2020.