Phillips 66
1,903 hedge funds and large institutions have $40B invested in Phillips 66 in 2025 Q4 according to their latest regulatory filings, with 225 funds opening new positions, 698 increasing their positions, 627 reducing their positions, and 124 closing their positions.
81% more first-time investments, than exits
New positions opened: 225 | Existing positions closed: 124
11% more repeat investments, than reductions
Existing positions increased: 698 | Existing positions reduced: 627
4% more funds holding
Funds holding: 1,836 → 1,903 (+67)
1.15% more ownership
Funds ownership: 75.74% → 76.89% (+1.2%)
4% less capital invested
Capital invested by funds: $41.6B → $40B (-$1.63B)
12% less call options, than puts
Call options by funds: $425M | Put options by funds: $485M
31% less funds holding in top 10
Funds holding in top 10: 13 → 9 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$184M |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$118M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$107M |
| 4 |
BlackRock
New York
|
+$94.6M |
| 5 |
Corient Private Wealth
Miami,
Florida
|
+$92.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$287M |
| 2 |
Bank of New York Mellon
New York
|
-$190M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$182M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$165M |
| 5 |
WorldQuant Millennium Advisors
New York
|
-$130M |
PSX Hedge Fund Activity: Q4 2025 in Review
1,903 of the 8,257 institutional investors tracked by Wall St. Rank reported a position in Phillips 66 (PSX) for Q4 2025, worth a combined $40B — down 3.9% from $41.6B a quarter earlier.
Buyers outnumbered sellers: 225 funds opened new PSX positions and 124 closed out — a net gain of 101 holders — while 698 added to existing stakes and 627 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $184M. The largest seller was Barrow, Hanley, Mewhinney & Strauss, cutting an estimated $287M.
- 1,903 institutional investors held Phillips 66 (PSX) as of Q4 2025, up from 1,836 in Q3 2025.
- Funds reported $40B of Phillips 66 stock for Q4 2025, down 3.9% quarter-over-quarter.
- 225 funds opened new Phillips 66 positions in Q4 2025 and 124 closed out, a net change of +101 holders.
- The largest Phillips 66 buyer in Q4 2025 was AQR Capital Management, an estimated $184M added.
- The largest Phillips 66 seller in Q4 2025 was Barrow, Hanley, Mewhinney & Strauss, an estimated $287M sold.
Based on aggregated 13F filings for Q4 2025.