Western Refining Logistics, LP
WNRL
WNRL was delisted on the 30th of October, 2017.
60 hedge funds and large institutions have $455M invested in Western Refining Logistics, LP in 2016 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 14 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
3% less funds holding
Funds holding: 62 → 60 (-2)
11% less ownership
Funds ownership: 66.98% → 55.97% (-11%)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
19% less capital invested
Capital invested by funds: $565M → $455M (-$110M)
87% less call options, than puts
Call options by funds: $1.08M | Put options by funds: $8.31M
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$11.8M |
| 2 |
Goldman Sachs
New York
|
+$5.08M |
| 3 |
ClearBridge Investments
New York
|
+$4.46M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.45M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$46.3M |
| 2 |
ZP
Zimmer Partners
New York
|
-$14.7M |
| 3 |
TAM
TPH Asset Management
Houston,
Texas
|
-$9.27M |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$8.4M |
| 5 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$6.55M |
WNRL Hedge Fund Activity: Q4 2016 in Review
60 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Western Refining Logistics, LP (WNRL) for Q4 2016, worth a combined $455M — down 19% from $565M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of WNRL and 12 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 20 added.
The largest buyer was Citigroup, adding an estimated $11.8M. The largest seller was Magnetar Financial, exiting entirely with an estimated $46.3M sold.
- 60 institutional investors held Western Refining Logistics, LP (WNRL) as of Q4 2016, down from 62 in Q3 2016.
- Funds reported $455M of Western Refining Logistics, LP stock for Q4 2016, down 19% quarter-over-quarter.
- 12 funds opened new Western Refining Logistics, LP positions in Q4 2016 and 14 closed out, a net change of -2 holders.
- The largest Western Refining Logistics, LP buyer in Q4 2016 was Citigroup, an estimated $11.8M added.
- The largest Western Refining Logistics, LP seller in Q4 2016 was Magnetar Financial, an estimated $46.3M sold.
Based on aggregated 13F filings for Q4 2016.