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Westlake Chemical Partners
WLKP

50 hedge funds and large institutions have $197M invested in Westlake Chemical Partners in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

14% more funds holding

Funds holding: 44 → 50 (+6)

9% more call options, than puts

Call options by funds: $1.4M | Put options by funds: $1.28M

3.05% less ownership

Funds ownership: 81.55% → 78.51% (-3%)

23% less capital invested

Capital invested by funds: $255M → $197M (-$57.5M)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

Holders
50
Holders Change
+6
Holders Change %
+13.64%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
12
Reduced
17
Closed
5
Calls
$1.4M
Puts
$1.28M
Net Calls
+$118K
Net Calls Change
+$296K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$16.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.29M
3
UBS Group
UBS Group
Switzerland
+$4.2M
4
HHAM
HITE Hedge Asset Management
Massachusetts
+$3.7M
5
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
+$2.23M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$15.2M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$6.44M
3
CCCA
Center Coast Capital Advisors
Texas
-$5.5M
4
CS
Credit Suisse
Switzerland
-$4.14M
5
DPIM
Duff & Phelps Investment Management
Illinois
-$3.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
LMGAM
26
Liberty Mutual Group Asset Management
Massachusetts
$887K -$433K -21,076 -29%
Bank of America
27
Bank of America
North Carolina
$880K +$6.18K +301 +0.6%
PAM
28
Panagora Asset Management
Massachusetts
$637K -$296K -14,417 -28%
TAM
29
Tocqueville Asset Management
New York
$537K -$26.7K -1,300 -4%
KACA
30
Kayne Anderson Capital Advisors
California
$487K +$572K +27,850 New
LA
31
Lucus Advisors
New York
$425K +$29.3K +1,429 +6%
RJA
32
Raymond James & Associates
Florida
$397K -$129K -6,277 -22%
RFC
33
Russell Frank Company
Washington
$368K – – –
VKH
34
Virtu KCG Holdings
New York
$368K +$432K +21,046 New
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$334K +$392K +19,092 New
CCM
36
Chilton Capital Management
Texas
$315K – – –
NIM
37
NXG Investment Management
Texas
$247K +$290K +14,100 New
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$187K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$102K +$5.05K +246 +4%
Walleye Trading
40
Walleye Trading
New York
$72K +$84.2K +4,100 New
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$32K +$16.4K +800 +80%
Group One Trading
42
Group One Trading
Illinois
$22K +$20K +976 +346%
ASN
43
Advisory Services Network
Georgia
$13K +$15.5K +757 New
FMP
44
Financial Management Professionals
Texas
$9K – – –
ST
45
Spot Trading
Illinois
$5K +$6.16K +300 New
DADC
46
D.A. Davidson & Co
Montana
$4K +$5.13K +250 New
US Bancorp
47
US Bancorp
Minnesota
$1K +$1.13K +55 New
N
48
Nuveen
North Carolina
$183 -$270K -13,172 -56%
BNP Paribas Financial Markets
49
BNP Paribas Financial Markets
France
$35 – – –
Manulife (Manufacturers Life Insurance)
50
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$15 – – –
1
2
3

WLKP Hedge Fund Activity: Q3 2015 in Review

50 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in Westlake Chemical Partners (WLKP) for Q3 2015, worth a combined $197M — down 23% from $255M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new WLKP positions and 5 closed out — a net gain of 6 holders — while 12 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $16.1M. The largest seller was Goldman Sachs, cutting an estimated $15.2M.

  • 50 institutional investors held Westlake Chemical Partners (WLKP) as of Q3 2015, up from 44 in Q2 2015.
  • Funds reported $197M of Westlake Chemical Partners stock for Q3 2015, down 23% quarter-over-quarter.
  • 11 funds opened new Westlake Chemical Partners positions in Q3 2015 and 5 closed out, a net change of +6 holders.
  • The largest Westlake Chemical Partners buyer in Q3 2015 was Morgan Stanley, an estimated $16.1M added.
  • The largest Westlake Chemical Partners seller in Q3 2015 was Goldman Sachs, an estimated $15.2M sold.

Based on aggregated 13F filings for Q3 2015.