HollyFrontier: Which Institutions Bought or Sold the Stock?


Dec. 4 2020, Updated 10:53 a.m. ET

Institutional holdings in HollyFrontier

In the previous part, we reviewed HollyFrontier’s (HFC) dividend yield trend. The company’s dividend yield has fallen to 1.7%. Now, we’ll discuss which institutions bought or sold HollyFrontier in the first quarter based on the latest filings.

The institutional holdings in HollyFrontier stand at ~89%. The level of the holdings suggests the confidence level or sentiment that sophisticated market participants have in the stock. Usually, everything else being equal, rising institutional holdings indicate a favorable opinion about a stock.

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Changes in institutional holdings

In the first quarter, according to the latest filings, The Vanguard Group and BlackRock Institutional Trust Company increased their holdings in HollyFrontier. Turtle Creek Management’s holdings remained flat. However, State Street Global Advisors reduced its holdings in the stock. These are the top four institutional holders of HollyFrontier stock.

Dimensional Fund Advisers, AQR Capital Management, and Goldman Sachs increased their holdings in HollyFrontier stock in the first quarter. In contrast, Principal Global Investors and AllianceBernstein reduced their holdings in HollyFrontier stock.

If we consider the activities in the past six months, AQR Capital Management and Norges Bank Investment Management have been the top two buyers of HollyFrontier shares. KBI Global Investors and Schroder Investment Management have been the top two sellers of HollyFrontier shares in the past six months.

Peers’ institutional holdings

The institutional holdings in HollyFrontier are the highest compared to its peers. The institutional holdings in Andeavor (ANDV) and Marathon Petroleum (MPC) stand at 84% and 83%, respectively. The institutional holdings in Valero Energy (VLO) and Phillips 66 (PSX) stand at 81% and 71%, respectively, in the first quarter.

Next, we’ll discuss the changes in HollyFrontier’s short interest.


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