Cliff Asness's PSX Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 3.26 M shares of Phillips 66 (PSX) worth $420.99 M, representing 0.22% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PSX, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2018, adding 1.55 M shares. Largest reduction occurred in Q2 2019, reducing 1.5 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Phillips 66 (PSX) Holding Value Over Time
Track share changes against reported price movement
Quarterly Phillips 66 (PSX) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +1.37 M | Add 72.33% | 3.26 M | $129.04 |
| Q3 2025 | +1.53 M | Add 424.71% | 1.89 M | $136.02 |
| Q2 2025 | +58,322 | Add 19.28% | 360,806 | $119.30 |
| Q1 2025 | +180,495 | Add 147.96% | 302,484 | $122.59 |
| Q4 2024 | +33,591 | Add 38.00% | 121,989 | $113.35 |
| Q3 2024 | -284,594 | Reduce 76.30% | 88,398 | $130.07 |
| Q2 2024 | +22,531 | Add 6.43% | 372,992 | $139.68 |
| Q1 2024 | -221,567 | Reduce 38.73% | 350,461 | $161.32 |
| Q4 2023 | -191,664 | Reduce 25.10% | 572,028 | $133.14 |
| Q3 2023 | +259,527 | Add 51.48% | 763,692 | $120.15 |
| Q2 2023 | -388,321 | Reduce 43.51% | 504,165 | $94.76 |
| Q1 2023 | +73,442 | Add 8.97% | 892,486 | $99.37 |
| Q4 2022 | -282,247 | Reduce 25.63% | 819,044 | $103.98 |
| Q3 2022 | +213,197 | Add 24.01% | 1.1 M | $80.61 |
| Q2 2022 | +586,601 | Add 194.57% | 888,094 | $81.99 |
| Q1 2022 | +287,843 | Add 2108.74% | 301,493 | $86.39 |
| Q4 2021 | +5,545 | Add 68.41% | 13,650 | $72.45 |
| Q3 2021 | +1,020 | Add 14.40% | 8,105 | $69.71 |
| Q2 2021 | +12 | Add 0.17% | 7,085 | $85.82 |
| Q1 2021 | -26,301 | Reduce 78.81% | 7,073 | $81.58 |
| Q4 2020 | -14,435 | Reduce 30.19% | 33,374 | $69.93 |
| Q3 2020 | -245,624 | Reduce 83.71% | 47,809 | $51.83 |
| Q2 2020 | -653,780 | Reduce 69.02% | 293,433 | $67.85 |
| Q1 2020 | -582,497 | Reduce 38.08% | 947,213 | $53.65 |
| Q4 2019 | -352,501 | Reduce 18.73% | 1.53 M | $110.91 |
| Q3 2019 | +53,273 | Add 2.91% | 1.88 M | $102.40 |
| Q2 2019 | -1.5 M | Reduce 45.12% | 1.83 M | $92.79 |
| Q1 2019 | +1.18 M | Add 54.91% | 3.33 M | $94.66 |
| Q4 2018 | +150,806 | Add 7.54% | 2.15 M | $86.15 |
| Q3 2018 | +372,210 | Add 22.86% | 2 M | $112.72 |
| Q2 2018 | +1.55 M | Add 1879.97% | 1.63 M | $113.17 |
| Q1 2018 | +28,855 | Add 54.04% | 82,247 | $95.92 |
| Q4 2017 | +27,111 | Add 103.16% | 53,392 | $101.16 |
| Q3 2017 | -26,449 | Reduce 50.16% | 26,281 | $91.63 |
| Q2 2017 | -567,089 | Reduce 91.49% | 52,730 | $82.69 |
| Q1 2017 | -559,222 | Reduce 47.43% | 619,819 | $79.22 |
| Q4 2016 | -2,794 | Reduce 0.24% | 1.18 M | $86.41 |
| Q3 2016 | -231,448 | Reduce 16.38% | 1.18 M | $80.55 |
| Q2 2016 | -327,176 | Reduce 18.80% | 1.41 M | $79.34 |
| Q1 2016 | +299,840 | Add 20.81% | 1.74 M | $86.59 |
| Q4 2015 | +210,313 | Add 17.09% | 1.44 M | $81.80 |
| Q3 2015 | -772,336 | Reduce 38.57% | 1.23 M | $76.84 |
| Q2 2015 | +334,838 | Add 20.08% | 2 M | $80.56 |
| Q1 2015 | -512,066 | Reduce 23.49% | 1.67 M | $78.60 |
| Q4 2014 | -835,260 | Reduce 27.70% | 2.18 M | $71.70 |
| Q3 2014 | +588,454 | Add 24.25% | 3.02 M | $81.31 |
| Q2 2014 | +512,100 | Add 26.75% | 2.43 M | $80.43 |
| Q1 2014 | +104,271 | Add 5.76% | 1.91 M | $77.06 |
| Q4 2013 | +876,835 | Add 93.93% | 1.81 M | $77.13 |
| Q3 2013 | +178,818 | Add 23.70% | 933,470 | $57.82 |
| Q2 2013 | +754,652 | Add 0.00% | 754,652 | $58.91 |
| Q4 2012 | +456,686 | Add 0.00% | 456,686 | $53.10 |
Cliff Asness's Phillips 66 Investment FAQs
Cliff Asness first purchased Phillips 66 (PSX) in Q4 2012, acquiring 456,686 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Phillips 66 (PSX) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Phillips 66 (PSX) was in Q2 2018, adding 1,628,470 shares worth $184.3 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 3,262,482 shares of Phillips 66 (PSX), valued at approximately $420.99 M.
As of the Q4 2025 filing, Phillips 66 (PSX) represents approximately 0.22% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Phillips 66 (PSX) was 3,332,763 shares, as reported at the end of Q1 2019.