SecurityHFC / HollyFrontier Corp.
InstitutionBnp Paribas Arbitrage, Sa
Shares209,782
Value $ 10,249,948,000
Related 35914PAK1 / Frontier Oil 6.875% 11/15/18
435758AD9 / Holly Corp Senior Notes 9.875% 06/15/2017

Bnp Paribas Arbitrage, Sa reports 16.35% increase in ownership of HFC / HollyFrontier Corp.

May 11, 2018 - Bnp Paribas Arbitrage, Sa has filed a 13F-HR form disclosing ownership of 209,782 shares of HollyFrontier Corp. (NYSE:HFC) with total holdings valued at $10,249,948,000 USD as of March 31, 2018. Bnp Paribas Arbitrage, Sa had filed a previous 13F-HR/A on March 05, 2018 disclosing 180,305 shares of HollyFrontier Corp. at a value of $9,235,222,000 USD. This represents a change in shares of 16.35 percent and a change in value of 10.99 percent during the quarter.

Bnp Paribas Arbitrage, Sa has a history of taking positions in derivatives of the underlying security (HFC) in the form of stock options. The firm currently holds 0 call options valued at $0 USD .

Other investors with positions similar to Bnp Paribas Arbitrage, Sa include Pacific Heights Asset Management Llc, Great Lakes Advisors, Llc, Retirement Systems of Alabama, AMP Capital Investors Ltd, Pioneer Investment Management Inc, and Man Group plc.

HollyFrontier Corp. has declared a standard industrial code (sic) of 2911 which is the "Petroleum Refining" industry. Bnp Paribas Arbitrage, Sa's top industries are "Legal Services" (sic 81), "Miscellaneous Repair Services" (sic 76), and "Agriculture production livestock and animal specialties" (sic 02).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR HOLLYFRONTIER EQUITY 436106108 50,040.00 209,782 16.35 10,249,948 10.99 1,475,029 -460,303 -4.98
2017-12-31 13F-HR/A-1 HOLLYFRONTIER EQUITY 436106108 43,595.00 180,305 33.86 9,235,222 90.61 1,988,281 2,401,890 49.57
2017-12-31 13F-HR HOLLYFRONTIER EQUITY 436106108 180,305 9,235,222
2017-09-30 13F-HR HOLLYFRONTIER STOCK 436106108 31,720.00 134,697 26.97 4,845,051 66.25 907,477 1,023,337 35.12
2017-06-30 13F-HR HOLLYFRONTIER STOCK 436106108 27,905.00 106,088 -24.37 2,914,237 -26.69 -954,044 -107,169 -2.70
2017-03-31 13F-HR HOLLYFRONTIER STOCK 436106108 30,550.00 140,277 -43.60 3,975,450 -51.21 -3,312,628 -859,661 -10.55
2016-12-31 13F-HR HOLLYFRONTIER STOCK 436106108 28,630.00 248,710 329.59 8,147,739 474.42 5,463,034 1,266,277 89.27
2016-09-30 13F-HR * HOLLYFRONTIER CORP COM STOCK 436106108 24,135.01 57,895 -68.42 1,418,428 -67.45 -3,026,795 88,039 2.02
2016-06-30 13F-HR * HOLLYFRONTIER CORP COM STOCK 436106108 29,545.00 183,306 40.49 4,357,184 -5.45 1,560,892 -1,812,085 -39.32
2016-03-31 13F-HR * HOLLYFRONTIER CORP COM STOCK 436106108 37,605.00 130,475 13.86 4,608,377 0.82 597,318 -559,976 -12.25
2015-12-31 13F-HR/A-1 * HOLLYFRONTIER CORP COM STOCK 436106108 44,365.00 114,591 41.01 4,571,035 15.17 1,478,641 -876,442 -22.08
2015-12-31 13F-HR * HOLLYFRONTIER CORP COM STOCK 436106108 114,591 4,571,034
2015-09-30 13F-HR * HOLLYFRONTIER CORP COM STOCK 436106108 45,765.00 81,262 -32.38 3,968,836 -22.64 -1,781,174 619,441 12.07
2015-06-30 13F-HR HOLLYFRONTIER CORP COM STOCK 436106108 41,480.00 120,182 -9.75 5,130,569 -4.32 -538,369 306,545 5.72
2015-03-31 13F-HR * HOLLYFRONTIER CORP COM STOCK 436106108 38,875.00 133,161 76.21 5,362,393 89.33 2,238,850 291,179 10.28
2014-12-31 13F-HR/A-1 * HOLLYFRONTIER CORP COM STOCK 436106108 40,579.92 75,570 -12.75 2,832,364 -25.14 -448,286 -502,766 -13.29
2014-12-31 13F-HR * HOLLYFRONTIER CORP COM STOCK 436106108 75,570 2,832,364
2014-09-30 13F-HR HOLLYFRONTIER CORP COM STOCK 436106108 43,684.70 86,617 148.02 3,783,416 147.97 2,258,237 -592 -0.04
2014-06-30 13F-HR/A-1 * HOLLYFRONTIER CORP COM STOCK 436106108 43,689.57 34,923 0.00 1,525,771 0.00 0 0 0.00
2014-06-30 13F-HR HOLLYFRONTIER CORP COM STOCK 436106108 34,923 1,525,771

Call Options

Effective
Date
Form Security Class CUSIP Opt Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2015-03-31 13F-HR * HOLLYFRONTIER CORP COM OPTION 436106108 Call 0 -100.00 0 -100.00 0 0
2014-12-31 13F-HR * HOLLYFRONTIER CORP COM OPTION 436106108 Call 20,000.00 190 0.00 950 -85.71 0 -5,700 -85.71
2014-09-30 13F-HR * HOLLYFRONTIER CORP COM OPTION 436106108 Call 39,637.47 190 -97.77 6,650 -98.24 -330,259 -40,402 -10.71
2014-06-30 13F-HR/A * HOLLYFRONTIER CORP COM OPTION 436106108 Call 44,274.94 8,522 0.00 377,311 0.00 0 0 0.00
2014-06-30 13F-HR HOLLYFRONTIER CORP COM OPTION 436106108 Call 8,522 377,311


CUSIP: 436106108