SecurityHFC / HollyFrontier Corp.
InstitutionVision Capital Management, Inc.
Shares49,489
Value $ 3,387,000
Related 35914PAK1 / Frontier Oil 6.875% 11/15/18
435758AD9 / Holly Corp Senior Notes 9.875% 06/15/2017

Vision Capital Management, Inc. reports 4.45% decrease in ownership of HFC / HollyFrontier Corp.

July 06, 2018 - Vision Capital Management, Inc. has filed a 13F-HR form disclosing ownership of 49,489 shares of HollyFrontier Corp. (NYSE:HFC) with total holdings valued at $3,387,000 USD as of June 30, 2018. Vision Capital Management, Inc. had filed a previous 13F-HR on April 23, 2018 disclosing 51,796 shares of HollyFrontier Corp. at a value of $2,531,000 USD. This represents a change in shares of -4.45 percent and a change in value of 33.82 percent during the quarter.

Other investors with positions similar to Vision Capital Management, Inc. include Edgestream Partners, L.P., Fjarde Ap-fonden /fourth Swedish National Pension Fund, A.R.T. Advisors, LLC, Summit Global Investments, Metlife Investment Advisors, Llc, and Commerzbank Aktiengesellschaft /fi.

HollyFrontier Corp. has declared a standard industrial code (sic) of 2911 which is the "Petroleum Refining" industry. Vision Capital Management, Inc.'s top industries are "Leather And Leather Products" (sic 31), "Holding And Other Investment Offices" (sic 67), and "Motor Freight Transportation And Warehousing" (sic 42).

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 CORP COM cs 436106108 58.65 49,489 -4.45 3,387 33.82 -135 991 39.17
2018-03-31 13F-HR HOLLYFRONTIER CORP COM cs 436106108 50.04 51,796 -6.94 2,531 -11.22 -193 -127 -4.44
2017-12-31 13F-HR HOLLYFRONTIER CORP COM cs 436106108 43.59 55,660 -0.12 2,851 42.27 -3 850 42.41
2017-09-30 13F-HR HOLLYFRONTIER CORP COM cs 436106108 31.72 55,725 -0.26 2,004 30.55 -5 474 30.85
2017-06-30 13F-HR HOLLYFRONTIER CORP COM cs 436106108 27.91 55,870 23.40 1,535 19.64 296 -44 -3.40
2017-03-31 13F-HR HOLLYFRONTIER CORP COM cs 436106108 30.56 45,275 38.41 1,283 19.68 384 -173 -16.13
2016-12-31 13F-HR HOLLYFRONTIER CORP COM cs 436106108 28.64 32,710 22.17 1,072 63.41 170 246 37.51
2016-09-30 13F-HR HOLLYFRONTIER CORP COM cs 436106108 24.13 26,775 -19.27 656 -16.75 -154 22 2.82
2016-06-30 13F-HR HOLLYFRONTIER CORP COM cs 436106108 33,165 788


CUSIP: 436106108