Hedge Funds Are Selling Murphy USA Inc (MUSA)

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Murphy USA Inc (NYSE:MUSA) was in 19 hedge funds’ portfolios at the end of the third quarter of 2016. MUSA has seen a decrease in enthusiasm from smart money in recent months. There were 23 hedge funds in our database with MUSA holdings at the end of the previous quarter. At the end of this article we will also compare MUSA to other stocks including ProAssurance Corporation (NYSE:PRA), NorthWestern Corp (NYSE:NWE), and MFA Financial, Inc. (NYSE:MFA) to get a better sense of its popularity.

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What have hedge funds been doing with Murphy USA Inc (NYSE:MUSA)?

At Q3’s end, a total of 19 of the hedge funds tracked by Insider Monkey held long positions in this stock, down by 17% from the second quarter of 2016. On the other hand, there were a total of 19 hedge funds with a bullish position in MUSA at the beginning of this year. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.


According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Cliff Asness of AQR Capital Management holds the most valuable position in Murphy USA Inc (NYSE:MUSA). AQR Capital Management has a $89.4 million position in the stock. Coming in second is Mario Gabelli of GAMCO Investors, with a $29.9 million position. Remaining hedge funds and institutional investors that hold long positions comprise Renaissance Technologies, one of the biggest hedge funds in the world, Wallace Weitz’s Wallace R. Weitz & Co. and D. E. Shaw’s D E Shaw. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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