Phillips 66
1,018 hedge funds and large institutions have $30.8B invested in Phillips 66 in 2014 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 308 increasing their positions, 451 reducing their positions, and 61 closing their positions.
44% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 61
11% more call options, than puts
Call options by funds: $730M | Put options by funds: $660M
2% more funds holding
Funds holding: 1,001 → 1,018 (+17)
4% less capital invested
Capital invested by funds: $32.2B → $30.8B (-$1.45B)
1.76% less ownership
Funds ownership: 69.78% → 68.02% (-1.8%)
24% less funds holding in top 10
Funds holding in top 10: 25 → 19 (-6)
32% less repeat investments, than reductions
Existing positions increased: 308 | Existing positions reduced: 451
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$218M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$208M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$186M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$115M |
| 5 |
Morgan Stanley
New York
|
+$97.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Berkshire Hathaway
Omaha,
Nebraska
|
-$1.33B |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$313M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$268M |
| 4 |
JP Morgan Chase
New York
|
-$197M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$89.7M |
PSX Hedge Fund Activity: Q1 2014 in Review
1,018 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q1 2014, worth a combined $30.8B — down 4.5% from $32.2B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new PSX positions and 61 closed out — a net gain of 27 holders — while 308 added to existing stakes and 451 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $218M. The largest seller was Berkshire Hathaway, cutting an estimated $1.33B.
- 1,018 institutional investors held Phillips 66 (PSX) as of Q1 2014, up from 1,001 in Q4 2013.
- Funds reported $30.8B of Phillips 66 stock for Q1 2014, down 4.5% quarter-over-quarter.
- 88 funds opened new Phillips 66 positions in Q1 2014 and 61 closed out, a net change of +27 holders.
- The largest Phillips 66 buyer in Q1 2014 was Fidelity Investments, an estimated $218M added.
- The largest Phillips 66 seller in Q1 2014 was Berkshire Hathaway, an estimated $1.33B sold.
Based on aggregated 13F filings for Q1 2014.