Sunoco
129 hedge funds and large institutions have $400M invested in Sunoco in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 27 reducing their positions, and 38 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 27
2.56% less ownership
Funds ownership: 33.38% → 30.82% (-2.6%)
14% less funds holding
Funds holding: 150 → 129 (-21)
23% less call options, than puts
Call options by funds: $3.24M | Put options by funds: $4.24M
45% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 38
53% less capital invested
Capital invested by funds: $845M → $400M (-$445M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$41.7M |
| 2 |
ClearBridge Investments
New York
|
+$6.85M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.59M |
| 4 |
BIM
Bridgecreek Investment Management
Tulsa,
Oklahoma
|
+$4.13M |
| 5 |
PI
PEAK6 Investments
Chicago,
Illinois
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$46.4M |
| 2 |
BlackRock
New York
|
-$19M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$11.8M |
| 4 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$10.7M |
| 5 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
-$5.65M |
SUN Hedge Fund Activity: Q1 2020 in Review
129 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Sunoco (SUN) for Q1 2020, worth a combined $400M — down 53% from $845M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of SUN and 21 opened new positions — a net loss of 17 holders — while 27 trimmed existing stakes and 42 added.
The largest buyer was Morgan Stanley, adding an estimated $41.7M. The largest seller was Goldman Sachs, cutting an estimated $46.4M.
- 129 institutional investors held Sunoco (SUN) as of Q1 2020, down from 150 in Q4 2019.
- Funds reported $400M of Sunoco stock for Q1 2020, down 53% quarter-over-quarter.
- 21 funds opened new Sunoco positions in Q1 2020 and 38 closed out, a net change of -17 holders.
- The largest Sunoco buyer in Q1 2020 was Morgan Stanley, an estimated $41.7M added.
- The largest Sunoco seller in Q1 2020 was Goldman Sachs, an estimated $46.4M sold.
Based on aggregated 13F filings for Q1 2020.