Phillips 66
1,661 hedge funds and large institutions have $38.5B invested in Phillips 66 in 2023 Q3 according to their latest regulatory filings, with 216 funds opening new positions, 565 increasing their positions, 595 reducing their positions, and 74 closing their positions.
192% more first-time investments, than exits
New positions opened: 216 | Existing positions closed: 74
125% more funds holding in top 10
Funds holding in top 10: 12 → 27 (+15)
25% more capital invested
Capital invested by funds: $30.9B → $38.5B (+$7.64B)
19% more call options, than puts
Call options by funds: $585M | Put options by funds: $490M
8% more funds holding
Funds holding: 1,539 → 1,661 (+122)
1.39% more ownership
Funds ownership: 70.62% → 72.01% (+1.4%)
5% less repeat investments, than reductions
Existing positions increased: 565 | Existing positions reduced: 595
Top Buyers
| 1 |
Harris Associates
Chicago,
Illinois
|
+$214M |
| 2 |
MIM
Merewether Investment Management
Dallas,
Texas
|
+$68.8M |
| 3 |
Renaissance Technologies
New York
|
+$60.8M |
| 4 |
Millennium Management
New York
|
+$58.1M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$57.9M |
Top Sellers
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$210M |
| 2 |
BlackRock
New York
|
-$208M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$164M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$155M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$137M |
PSX Hedge Fund Activity: Q3 2023 in Review
1,661 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q3 2023, worth a combined $38.5B — up 25% from $30.9B a quarter earlier.
Buyers outnumbered sellers: 216 funds opened new PSX positions and 74 closed out — a net gain of 142 holders — while 565 added to existing stakes and 595 trimmed.
The largest buyer was Harris Associates, opening a new position worth an estimated $214M. The largest seller was Wellington Management Group, cutting an estimated $210M.
- 1,661 institutional investors held Phillips 66 (PSX) as of Q3 2023, up from 1,539 in Q2 2023.
- Funds reported $38.5B of Phillips 66 stock for Q3 2023, up 25% quarter-over-quarter.
- 216 funds opened new Phillips 66 positions in Q3 2023 and 74 closed out, a net change of +142 holders.
- The largest Phillips 66 buyer in Q3 2023 was Harris Associates, an estimated $214M added.
- The largest Phillips 66 seller in Q3 2023 was Wellington Management Group, an estimated $210M sold.
Based on aggregated 13F filings for Q3 2023.