Phillips 66
1,085 hedge funds and large institutions have $29.7B invested in Phillips 66 in 2016 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 415 increasing their positions, 441 reducing their positions, and 51 closing their positions.
60% more call options, than puts
Call options by funds: $444M | Put options by funds: $277M
6% more funds holding in top 10
Funds holding in top 10: 17 → 18 (+1)
8% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 51
0% more capital invested
Capital invested by funds: $29.6B → $29.7B (+$57.6M)
0.69% less ownership
Funds ownership: 71.12% → 70.42% (-0.69%)
1% less funds holding
Funds holding: 1,095 → 1,085 (-10)
6% less repeat investments, than reductions
Existing positions increased: 415 | Existing positions reduced: 441
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$163M |
| 2 |
Berkshire Hathaway
Omaha,
Nebraska
|
+$148M |
| 3 |
D.E. Shaw & Co
New York
|
+$71.6M |
| 4 |
Neuberger Berman Group
New York
|
+$51M |
| 5 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
+$50.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$206M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$162M |
| 3 |
First Eagle Investment Management
New York
|
-$88.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$58.1M |
| 5 |
RCM
Riverhead Capital Management
Wilmington,
Delaware
|
-$52.5M |
PSX Hedge Fund Activity: Q3 2016 in Review
1,085 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q3 2016, worth a combined $29.7B — up 0.19% from $29.6B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new PSX positions and 51 closed out — a net gain of 4 holders — while 415 added to existing stakes and 441 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $163M. The largest seller was Iridian Asset Management, cutting an estimated $206M.
- 1,085 institutional investors held Phillips 66 (PSX) as of Q3 2016, down from 1,095 in Q2 2016.
- Funds reported $29.7B of Phillips 66 stock for Q3 2016, up 0.19% quarter-over-quarter.
- 55 funds opened new Phillips 66 positions in Q3 2016 and 51 closed out, a net change of +4 holders.
- The largest Phillips 66 buyer in Q3 2016 was Wellington Management Group, an estimated $163M added.
- The largest Phillips 66 seller in Q3 2016 was Iridian Asset Management, an estimated $206M sold.
Based on aggregated 13F filings for Q3 2016.