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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.

New
Increased
Maintained
Reduced
Closed

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: 1,0271,039 (+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: 2116 (-5)

Holders
1,039
Holders Change
+12
Holders Change %
+1.17%
% of All Funds
27.71%
Holding in Top 10
16
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-23.81%
% of All Funds
0.43%
New
124
Increased
354
Reduced
410
Closed
98
Calls
$464M
Puts
$272M
Net Calls
+$192M
Net Calls Change
+$57.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.14B +$59.8M +810,377 +3%
State Street
2
State Street
Massachusetts
$1.95B +$191M +2,588,283 +11%
Barrow, Hanley, Mewhinney & Strauss
3
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.17B +$39.6M +536,597 +3%
BIT
4
BlackRock Institutional Trust
California
$1.07B +$17.2M +232,699 +2%
D.E. Shaw & Co
5
D.E. Shaw & Co
New York
$990M +$252M +3,416,511 +33%
JP Morgan Chase
6
JP Morgan Chase
New York
$858M +$49.3M +668,569 +6%
WRF
7
Waddell & Reed Financial
Kansas
$857M +$307M +4,163,289 +53%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$780M +$126M +1,704,408 +19%
Boston Partners
9
Boston Partners
Massachusetts
$707M +$529K +7,166 +0.1%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$557M -$119M -1,610,619 -17%
BFA
11
BlackRock Fund Advisors
California
$513M +$41.5M +562,987 +9%
Northern Trust
12
Northern Trust
Illinois
$494M -$5.58M -75,655 -1%
Berkshire Hathaway
13
Berkshire Hathaway
Nebraska
$471M +$26.9M +365,200 +6%
BG
14
BlackRock Group
United Kingdom
$466M -$29.2M -396,264 -6%
BA
15
BlackRock Advisors
Delaware
$436M +$20.6M +279,330 +5%
Wells Fargo
16
Wells Fargo
California
$435M -$13.9M -188,150 -3%
JHIU
17
Janus Henderson Investors US
Colorado
$371M +$47.9M +648,809 +14%
Deutsche Bank
18
Deutsche Bank
Germany
$361M +$169M +2,297,372 +84%
TP
19
Third Point
New York
$359M +$369M +5,000,000 New
Wellington Management Group
20
Wellington Management Group
Massachusetts
$344M -$306M -4,146,693 -46%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$331M -$44.7M -606,023 -12%
LSV Asset Management
22
LSV Asset Management
Illinois
$327M +$2.95M +40,050 +0.9%
Norges Bank
23
Norges Bank
Norway
$314M
IAM
24
Iridian Asset Management
Connecticut
$312M +$39.6M +536,250 +14%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$292M +$6.64M +89,999 +2%

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.