Phillips 66
1,095 hedge funds and large institutions have $29.6B invested in Phillips 66 in 2016 Q2 according to their latest regulatory filings, with 69 funds opening new positions, 387 increasing their positions, 458 reducing their positions, and 85 closing their positions.
3% less call options, than puts
Call options by funds: $346M | Put options by funds: $358M
2% less funds holding
Funds holding: 1,122 → 1,095 (-27)
2.69% less ownership
Funds ownership: 73.81% → 71.12% (-2.7%)
8% less capital invested
Capital invested by funds: $32.3B → $29.6B (-$2.68B)
16% less repeat investments, than reductions
Existing positions increased: 387 | Existing positions reduced: 458
19% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 85
37% less funds holding in top 10
Funds holding in top 10: 27 → 17 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Berkshire Hathaway
Omaha,
Nebraska
|
+$264M |
| 2 |
Neuberger Berman Group
New York
|
+$57.2M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$53.6M |
| 4 |
RCM
Riverhead Capital Management
Wilmington,
Delaware
|
+$52.8M |
| 5 |
Barclays
London,
United Kingdom
|
+$46.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
-$909M |
| 2 |
N
Natixis
Paris,
France
|
-$67.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$63.5M |
| 4 |
State Street
Boston,
Massachusetts
|
-$61.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$59.7M |
PSX Hedge Fund Activity: Q2 2016 in Review
1,095 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q2 2016, worth a combined $29.6B — down 8.3% from $32.3B a quarter earlier.
Sellers outnumbered buyers: 85 funds closed out of PSX and 69 opened new positions — a net loss of 16 holders — while 458 trimmed existing stakes and 387 added.
The largest buyer was Berkshire Hathaway, adding an estimated $264M. The largest seller was Royal London Asset Management, cutting an estimated $909M.
- 1,095 institutional investors held Phillips 66 (PSX) as of Q2 2016, down from 1,122 in Q1 2016.
- Funds reported $29.6B of Phillips 66 stock for Q2 2016, down 8.3% quarter-over-quarter.
- 69 funds opened new Phillips 66 positions in Q2 2016 and 85 closed out, a net change of -16 holders.
- The largest Phillips 66 buyer in Q2 2016 was Berkshire Hathaway, an estimated $264M added.
- The largest Phillips 66 seller in Q2 2016 was Royal London Asset Management, an estimated $909M sold.
Based on aggregated 13F filings for Q2 2016.