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Phillips 66
PSX

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
1,018
Holders Change
+17
Holders Change %
+1.7%
% of All Funds
29.4%
Holding in Top 10
19
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-24%
% of All Funds
0.55%
New
88
Increased
308
Reduced
451
Closed
61
Calls
$730M
Puts
$660M
Net Calls
+$70.2M
Net Calls Change
-$32.8M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$218M
2
Capital World Investors
Capital World Investors
California
+$208M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$186M
4
Deutsche Bank
Deutsche Bank
Germany
+$115M
5
Morgan Stanley
Morgan Stanley
New York
+$97.1M

Top Sellers

1
Berkshire Hathaway
Berkshire Hathaway
Nebraska
-$1.33B
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$313M
3
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
-$268M
4
JP Morgan Chase
JP Morgan Chase
New York
-$197M
5
Invesco
Invesco
Georgia
-$89.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CPSAC
1026
Chas P. Smith & Associates (CPS)
Florida
– -$7.24M -93,918 Closed
BCM
1027
BBT Capital Management
Texas
– -$5.01M -65,000 Closed
SCM
1028
SIR Capital Management
New York
– -$4.67M -60,600 Closed
SIS
1029
Sandell Investment Services
New York
– -$4.22M -54,690 Closed
PRCM
1030
Pine River Capital Management
Minnesota
– -$3.42M -44,290 Closed
SWITC
1031
Stewart West Indies Trading Company
Colorado
– -$2.51M -32,500 Closed
HHC
1032
Hutchin Hill Capital
New York
– -$2.48M -32,100 Closed
Jane Street
1033
Jane Street
New York
– -$2.21M -28,646 Closed
PDN
1034
Pensionfund DSM Netherlands
Netherlands
– -$2.05M -26,545 Closed
Westfield Capital Management
1035
Westfield Capital Management
Massachusetts
– -$1.71M -22,190 Closed
SM
1036
Seminole Management
New York
– -$1.24M -16,021 Closed
EMG
1037
Ellington Management Group
Connecticut
– -$787K -10,200 Closed
PCA
1038
Private Capital Advisors
Connecticut
– -$787K -10,200 Closed
OL
1039
Orbitronix LP
California
– -$771K -10,000 Closed
VC
1040
Vestor Capital
Illinois
– -$733K -9,507 Closed
Fiera Capital (Canada)
1041
Fiera Capital (Canada)
Quebec, Canada
– -$693K -8,982 Closed
MCM
1042
Maple Capital Management
Vermont
– -$682K -8,839 Closed
AA
1043
ALPS Advisors
Colorado
– -$632K -8,650 Closed
NERM
1044
New England Research & Management
Illinois
– -$646K -8,375 Closed
AL
1045
Airain Ltd
Guernsey
– -$585K -7,587 Closed
Rafferty Asset Management
1046
Rafferty Asset Management
New York
– -$565K -7,331 Closed
CCA
1047
Covey Capital Advisors
Georgia
– -$548K -7,100 Closed
PAM
1048
Princeton Alpha Management
New Jersey
– -$448K -5,804 Closed
PM
1049
Parametrica Management
Hong Kong
– -$425K -5,511 Closed
TC
1050
TFS Capital
Pennsylvania
– -$402K -5,208 Closed
40 41
42
43 44

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.