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.
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: 1,027 → 1,039 (+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: 21 → 16 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Third Point
New York
|
+$369M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$307M |
| 3 |
D.E. Shaw & Co
New York
|
+$252M |
| 4 |
State Street
Boston,
Massachusetts
|
+$191M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$169M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Americafirst Capital Management
Roseville,
California
|
-$1.44B |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$775M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$319M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$306M |
| 5 |
Barclays
London,
United Kingdom
|
-$194M |
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.