STATE STREET CORP, a registered investment adviser, reduced its position in Phillips 66 (NYSE:PSX) during Q3 2026, according to its most recent 13F filing with the Securities and…
At publication ·
Phillips 66 (NYSE:PSX) · position decrease
At a glance
STATE STREET CORP, a registered investment adviser, reduced its position in Phillips 66 (NYSE:PSX) during Q3 2026, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm sold 2,813,507 shares of the Energy company, reducing its total holdings to 23,231,187 shares valued at approximately $5.9B as of the filing date. This represents a 10.8% decrease in the position.
Phillips 66's stock currently trades at $262.25 with a market capitalization of $57.8B.
Institutional selling doesn't always signal a bearish outlook. Large funds regularly trim positions for portfolio rebalancing, client redemptions, or to lock in gains. That said, when a major holder like STATE STREET CORP reduces exposure to Phillips 66, it's worth monitoring whether other institutions are making similar moves.
Energy stocks remain a focus for institutional investors navigating the transition between traditional and renewable energy sources. Institutional positioning in Phillips 66 reflects views on commodity prices and the sector's evolving landscape.
The size of this position — $5.93 billion — places it among the more significant institutional holdings in Phillips 66. Large positions like this can influence trading dynamics and are closely watched by market participants tracking smart money flows.
Investors should note that 13F filings reflect holdings as of the end of the reporting quarter and are filed up to 45 days later. The position may have changed since the filing date. 13F data is most useful when analyzed alongside other signals such as insider transactions, analyst ratings, and fundamental trends.
Related Tools: Insider Trades Tracker | View PSX Stock Page
A 13F filing is a quarterly SEC report required for institutional managers with over $100 million in assets. It discloses equity holdings, providing transparency into how firms like STATE STREET CORP position their portfolios.
View all institutional holders on our PSX institutional ownership page.
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