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Westlake Chemical Partners
WLKP

53 hedge funds and large institutions have $384M invested in Westlake Chemical Partners in 2017 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

13% more capital invested

Capital invested by funds: $339M → $384M (+$45.2M)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

2% less funds holding

Funds holding: 54 → 53 (-1)

26% less call options, than puts

Call options by funds: $1.5M | Put options by funds: $2.01M

55.91% less ownership

Funds ownership: 103.99% → 48.08% (-56%)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
19
Reduced
15
Closed
10
Calls
$1.5M
Puts
$2.01M
Net Calls
-$514K
Net Calls Change
+$1.29M

Top Buyers

1
Blackstone Inc
Blackstone Inc
New York
+$71M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$12.5M
3
O
OppenheimerFunds
New York
+$5.23M
4
Morgan Stanley
Morgan Stanley
New York
+$4.3M
5
MWNA
Marshall Wace North America
New York
+$4.28M

Top Sellers

1
ClearBridge Investments
ClearBridge Investments
New York
-$6.9M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$5.61M
3
MF
Magnetar Financial
Illinois
-$4.76M
4
HHAM
HITE Hedge Asset Management
Massachusetts
-$4.21M
5
CCCA
Center Coast Capital Advisors
Texas
-$2.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
O
1
OppenheimerFunds
New York
$105M +$5.23M +231,254 +6%
Blackstone Inc
2
Blackstone Inc
New York
$78.4M +$71M +3,140,504 New
Morgan Stanley
3
Morgan Stanley
New York
$38M +$4.3M +190,423 +14%
EIP
4
Energy Income Partners
Connecticut
$29.4M +$2.64M +116,921 +11%
UBS Group
5
UBS Group
Switzerland
$23.4M +$2.78M +122,817 +15%
DPIM
6
Duff & Phelps Investment Management
Illinois
$16.3M – – –
Janus Henderson Group
7
Janus Henderson Group
United Kingdom
$13.8M +$12.5M +554,185 New
BAMCO Inc
8
BAMCO Inc
New York
$8.73M – – –
COPPSERS
9
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$8.45M +$85.7K +3,793 +1%
ClearBridge Investments
10
ClearBridge Investments
New York
$7.43M -$6.9M -305,500 -51%
TA
11
Tiedemann Advisors
New York
$7.23M +$2.58M +114,210 +65%
Balyasny Asset Management
12
Balyasny Asset Management
Illinois
$5.67M – – –
Goldman Sachs
13
Goldman Sachs
New York
$4.96M -$988K -43,734 -18%
Deutsche Bank
14
Deutsche Bank
Germany
$4.94M +$2.7M +119,348 +152%
MWNA
15
Marshall Wace North America
New York
$4.72M +$4.28M +189,294 New
Renaissance Technologies
16
Renaissance Technologies
New York
$3.84M +$2.21M +97,678 +174%
California Public Employees Retirement System
17
California Public Employees Retirement System
California
$3.18M – – –
TCA
18
Tortoise Capital Advisors
Kansas
$2.75M -$1.22M -53,949 -33%
VanEck Associates
19
VanEck Associates
New York
$2.13M -$176K -7,782 -8%
MLICM
20
Metropolitan Life Insurance Company (MetLife)
New York
$2.09M – – –
William Blair & Company
21
William Blair & Company
Illinois
$1.8M +$1.63M +72,050 New
Citigroup
22
Citigroup
New York
$1.62M +$461K +20,413 +46%
YCM
23
Yorkville Capital Management
New York
$1.52M +$1.38M +61,140 New
SCM
24
Shapiro Capital Management
Georgia
$1.38M – – –
SCA
25
Salient Capital Advisors
Texas
$999K +$74.7K +3,304 +9%
1
2 3

WLKP Hedge Fund Activity: Q4 2017 in Review

53 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Westlake Chemical Partners (WLKP) for Q4 2017, worth a combined $384M — up 13% from $339M a quarter earlier.

Fund positioning in WLKP was balanced in Q4 2017: 10 funds opened new positions, 10 closed out, 19 added to existing stakes and 15 trimmed.

The largest buyer was Blackstone Inc, opening a new position worth an estimated $71M. The largest seller was ClearBridge Investments, cutting an estimated $6.9M.

  • 53 institutional investors held Westlake Chemical Partners (WLKP) as of Q4 2017, down from 54 in Q3 2017.
  • Funds reported $384M of Westlake Chemical Partners stock for Q4 2017, up 13% quarter-over-quarter.
  • 10 funds opened new Westlake Chemical Partners positions in Q4 2017 and 10 closed out, a net change of 0 holders.
  • The largest Westlake Chemical Partners buyer in Q4 2017 was Blackstone Inc, an estimated $71M added.
  • The largest Westlake Chemical Partners seller in Q4 2017 was ClearBridge Investments, an estimated $6.9M sold.

Based on aggregated 13F filings for Q4 2017.