Phillips 66
1,569 hedge funds and large institutions have $33.7B invested in Phillips 66 in 2023 Q1 according to their latest regulatory filings, with 134 funds opening new positions, 550 increasing their positions, 590 reducing their positions, and 105 closing their positions.
28% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 105
24% more call options, than puts
Call options by funds: $474M | Put options by funds: $381M
6.63% more ownership
Funds ownership: 71.39% → 78.01% (+6.6%)
0% less funds holding
Funds holding: 1,572 → 1,569 (-3)
4% less capital invested
Capital invested by funds: $35.2B → $33.7B (-$1.51B)
7% less repeat investments, than reductions
Existing positions increased: 550 | Existing positions reduced: 590
10% less funds holding in top 10
Funds holding in top 10: 21 → 19 (-2)
Top Buyers
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$269M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$144M |
| 3 |
HF
HRT Financial
New York
|
+$99.6M |
| 4 |
Goldman Sachs
New York
|
+$97.4M |
| 5 |
Millennium Management
New York
|
+$68.4M |
Top Sellers
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$805M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$199M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$140M |
| 4 |
D.E. Shaw & Co
New York
|
-$118M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$104M |
PSX Hedge Fund Activity: Q1 2023 in Review
1,569 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q1 2023, worth a combined $33.7B — down 4.3% from $35.2B a quarter earlier.
Buyers outnumbered sellers: 134 funds opened new PSX positions and 105 closed out — a net gain of 29 holders — while 550 added to existing stakes and 590 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $269M. The largest seller was Vanguard Group, cutting an estimated $805M.
- 1,569 institutional investors held Phillips 66 (PSX) as of Q1 2023, down from 1,572 in Q4 2022.
- Funds reported $33.7B of Phillips 66 stock for Q1 2023, down 4.3% quarter-over-quarter.
- 134 funds opened new Phillips 66 positions in Q1 2023 and 105 closed out, a net change of +29 holders.
- The largest Phillips 66 buyer in Q1 2023 was Wellington Management Group, an estimated $269M added.
- The largest Phillips 66 seller in Q1 2023 was Vanguard Group, an estimated $805M sold.
Based on aggregated 13F filings for Q1 2023.