Tom Sandell’s Playing Phillips 66 (PSX) & Spectra Energy Corp. (SE)

And the fifth place is held by yet another new position. Sandell disclosed ownership of 396,790 shares in Phillips 66 (NYSE:PSX). The value of the stake amounts to $27.8 million. The stock of Phillips 66 (NYSE:PSX) has a year-to-date return of over 15.6% and sports a P/E of 7.9x.

On the whole, Sandell Asset Management reported an equity portfolio, which contains stakes in 27 companies, from various sectors. The value of the hedge fund’s 13F portfolio amounts to $503.7 million, up from $304.6 million reported at the end of 2012.

In addition to Sandell Asset Management, there are some other hedge funds whose top picks are important to watch. In this way we suggest you take a look at the top picks of Quincy Lee’s Ancient Art (Teton Capital), Robert Raiff’s Raiff Partners and Lisa Rapuano’s Lane Five Capital.

Disclosure: none