13F filings: hedge funds statistics
In this part of our series, we’ll take a look at how hedge funds are positioning themselves in the leading gainers and decliners from the refining and marketing sector and integrated energy sector this week.
Delek US Holdings
In Q1 2018, 22 hedge funds were buyers—either creating new positions or adding to existing positions in Delek US Holdings’ (DK) stock. In the same quarter, 26 hedge funds were sellers—either closing their entire position or reducing existing positions of DK stock. So, in Q1 2018, total selling hedge funds outnumbered total buying hedge funds by four. As of March 31, 37 hedge funds that filed form 13Fs held DK in their portfolio. Of these, three hedge funds had DK in their top ten holdings.
From the aggregate number of shares point of view, for Q1 2018, 13F filing hedge funds decreased their aggregate DK holdings by 4.70%, from ~7.99 million shares to ~7.62 million shares.
13F filings: Hedge fund statistics for PBF, YPF, and TOT
Like DK, PBF Energy (PBF), YPF SA (YPF), and Total Fina Elf SA (TOT) saw their stocks sold by hedge funds. In Q1 2018, hedge funds decreased their aggregate holdings in BAS, YPF, and TOT by 29.20%, 11.10%, and 26.01%, respectively.
Form 13F is an SEC mandate that needs to be submitted by all hedge funds that manage more than $100 million in assets. These hedge funds have access to in-depth research and greater capital. Typically, when institutional investors buy a stock, there’s a chance the stock will do well.