SecurityHFC / HollyFrontier Corp.
InstitutionHsbc Holdings Plc
Shares245,345
Value $ 16,782,000
Related 35914PAK1 / Frontier Oil 6.875% 11/15/18
435758AD9 / Holly Corp Senior Notes 9.875% 06/15/2017

Hsbc Holdings Plc reports 97.51% increase in ownership of HFC / HollyFrontier Corp.

August 10, 2018 - Hsbc Holdings Plc has filed a 13F-HR form disclosing ownership of 245,345 shares of HollyFrontier Corp. (NYSE:HFC) with total holdings valued at $16,782,000 USD as of June 30, 2018. Hsbc Holdings Plc had filed a previous 13F-HR on May 11, 2018 disclosing 124,217 shares of HollyFrontier Corp. at a value of $6,073,000 USD. This represents a change in shares of 97.51 percent and a change in value of 176.34 percent during the quarter.

Hsbc Holdings Plc has a history of taking positions in derivatives of the underlying security (HFC) in the form of stock options.

Other investors with positions similar to Hsbc Holdings Plc include Capital Fund Management S.a., Infrastructure Capital Advisors, Llc, Catalyst Capital Advisors LLC, Mackenzie Financial Corp, Jacobs Levy Equity Management, Inc, and Squarepoint Ops LLC.

HollyFrontier Corp. has declared a standard industrial code (sic) of 2911 which is the "Petroleum Refining" industry. Hsbc Holdings Plc's top industries are "Agriculture production livestock and animal specialties" (sic 02), "Miscellaneous Repair Services" (sic 76), and "Amusement And Recreation Services" (sic 79).

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
(%)
2018-06-30 13F-HR HOLLYFRONTIER COM 436106108 58.65 245,345 97.51 16,782 176.34 7,104 3,605 59.37
2018-03-31 13F-HR HOLLYFRONTIER COM 436106108 50.05 124,217 -18.33 6,073 -22.02 -1,395 -320 -4.10
2017-12-31 13F-HR HOLLYFRONTIER COM 436106108 43.58 152,099 -4.97 7,788 35.33 -347 2,380 41.36
2017-09-30 13F-HR HOLLYFRONTIER COM 436106108 31.72 160,062 -7.60 5,755 20.90 -418 1,413 29.68
2017-06-30 13F-HR HOLLYFRONTIER COM 436106108 28.00 173,233 -10.98 4,760 -14.23 -598 -192 -3.45
2017-03-31 13F-HR HOLLYFRONTIER COM 436106108 30.64 194,601 -7.28 5,550 -19.27 -468 -857 -12.46
2016-12-31 13F-HR HOLLYFRONTIER COM 436106108 28.55 209,890 -4.97 6,875 27.88 -313 1,812 33.71
2016-09-30 13F-HR HOLLYFRONTIER COM 436106108 24.07 220,861 0.84 5,376 3.13 44 119 2.28
2016-06-30 13F-HR HOLLYFRONTIER COM 436106108 29.54 219,029 -39.97 5,213 -59.50 -4,309 -3,351 -26.03
2016-03-31 13F-HR HOLLYFRONTIER COM 436106108 37.57 364,896 -6.04 12,873 -16.86 -882 -1,728 -11.16
2015-12-31 13F-HR HOLLYFRONTIER COM 436106108 44.22 388,358 206.43 15,483 151.47 11,570 -2,244 -36.45
2015-09-30 13F-HR HOLLYFRONTIER COM 436106108 45.65 126,738 -31.60 6,157 -22.22 -2,673 914 11.55
2015-06-30 13F-HR HOLLYFRONTIER COM 436106108 41.49 185,296 -19.02 7,916 -14.05 -1,805 511 5.55
2015-03-31 13F-HR HOLLYFRONTIER COM 436106108 38.95 228,812 42.69 9,210 52.56 2,666 507 8.40
2014-12-31 13F-HR HOLLYFRONTIER COM 436106108 40.70 160,359 8.76 6,037 -6.43 526 -941 -14.58
2014-09-30 13F-HR HOLLYFRONTIER COM 436106108 43.79 147,447 9.01 6,452 8.84 534 -10 -0.16
2014-06-30 13F-HR HOLLYFRONTIER COM 436106108 135,263 5,928

Put Options

Effective
Date
Form Security Class CUSIP Opt Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-06-30 13F-HR HOLLYFRONTIER COM 436106108 Put 16,300 1,115


CUSIP: 436106108