Phillips 66
1,356 hedge funds and large institutions have $27.8B invested in Phillips 66 in 2018 Q4 according to their latest regulatory filings, with 152 funds opening new positions, 518 increasing their positions, 465 reducing their positions, and 173 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 518 | Existing positions reduced: 465
5% more call options, than puts
Call options by funds: $232M | Put options by funds: $221M
0.24% more ownership
Funds ownership: 70.18% → 70.43% (+0.24%)
2% less funds holding
Funds holding: 1,387 → 1,356 (-31)
12% less first-time investments, than exits
New positions opened: 152 | Existing positions closed: 173
24% less capital invested
Capital invested by funds: $36.6B → $27.8B (-$8.84B)
38% less funds holding in top 10
Funds holding in top 10: 26 → 16 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$187M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$154M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$93.7M |
| 4 |
Millennium Management
New York
|
+$79.3M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$76.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Berkshire Hathaway
Omaha,
Nebraska
|
-$346M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$342M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$303M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$244M |
| 5 |
BlackRock
New York
|
-$146M |
PSX Hedge Fund Activity: Q4 2018 in Review
1,356 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q4 2018, worth a combined $27.8B — down 24% from $36.6B a quarter earlier.
Sellers outnumbered buyers: 173 funds closed out of PSX and 152 opened new positions — a net loss of 21 holders — while 465 trimmed existing stakes and 518 added.
The largest buyer was Vanguard Group, adding an estimated $187M. The largest seller was Berkshire Hathaway, cutting an estimated $346M.
- 1,356 institutional investors held Phillips 66 (PSX) as of Q4 2018, down from 1,387 in Q3 2018.
- Funds reported $27.8B of Phillips 66 stock for Q4 2018, down 24% quarter-over-quarter.
- 152 funds opened new Phillips 66 positions in Q4 2018 and 173 closed out, a net change of -21 holders.
- The largest Phillips 66 buyer in Q4 2018 was Vanguard Group, an estimated $187M added.
- The largest Phillips 66 seller in Q4 2018 was Berkshire Hathaway, an estimated $346M sold.
Based on aggregated 13F filings for Q4 2018.