HF Sinclair

DINO • NYSE

HF Sinclair is a oil & gas refining & marketing company in the energy sector on NYSE, led by Michael C. Jennings, with a market cap of $9.3B. As of Q3 2025, 81% of shares are held by 580 institutional investors, with BlackRock, Inc. as the largest holder at 11.05%.

Chief Executive Officer of HF Sinclair CorporationMichael C. Jennings

Market Cap$9.3B

Oil & Gas Refining & Marketing

Energy

Employees5.2K

Websitehfsinclair.com

Country

United States of America

Overview

Overview of institutional ownership in DINO as of Q3 2025 with a market cap of $9.8B

All Institutions

Institutions: 580
Value Held: $7.9B
Shares Held: 151.3M
Avg Position: $13.7M
Median Position: $742.5K

Hedge Funds

Hedge Funds: 68
Value Held: $1.1B
Shares Held: 20.4M
Avg Position: $15.7M
Median Position: $4.8M

Ownership Breakdown

Institutional (non-HF)

69.99%

$6.9B

Hedge Funds

10.92%

$1.1B

Retail & Other

19.09%

$1.9B

Based on market cap of $9.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DINO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.1B 0.02% of portfolio	11.05% 20.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$857.5M 0.01% of portfolio	8.76% 16.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
T TCTC Holdings, LLC Institution	-	$645.4M 19.15% of portfolio	6.59% 12.3M shares	≤ Q2 2013 Held for 12y 5m+	$3.4B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$484.6M 0.10% of portfolio	4.95% 9.3M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$330.6M 0.05% of portfolio	3.38% 6.3M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$320.3M 0.01% of portfolio	3.27% 6.1M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$200.8M 0.13% of portfolio	2.05% 3.8M shares	≤ Q2 2013 Held for 12y 5m+	$156.17B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$171.1M 0.38% of portfolio	1.75% 3.3M shares	Q2 2018 Held for 7y 5m	$45.1B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$166.5M 0.01% of portfolio	1.70% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$148.7M 0.01% of portfolio	1.52% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for DINO in Q3 2025

Net Flow: −$140.3M
Buyers: 230
Sellers: 224
Total Bought: +$919.5M
Total Sold: −$1.1B
Avg Position: $14.4M

Biggest Buyers

Institution	Net Bought	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$82.1M +1.6M shares	$109.3M 2.1M shares
Invesco Ltd. ETF Provider	+$52.0M +994.1K shares	$101.9M 1.9M shares
D D. E. Shaw & Co., Inc. Institution	+$49.1M +937.5K shares	$49.7M 949.4K shares
Merewether Investment Management, LP Hedge Fund•Sector	+$35.7M +682.4K shares	$35.7M 682.4K shares
B BlackRock, Inc. Institution	+$32.6M +623.6K shares	$1.1B 20.7M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$32.4M +620.0K shares	$42.4M 810.0K shares
C Cubist Systematic Strategies, LLC Institution	+$31.1M +594.1K shares	$34.6M 662.0K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$30.4M +581.3K shares	$74.1M 1.4M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$29.3M +560.2K shares	$484.6M 9.3M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$28.5M +544.0K shares	$47.2M 902.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$129.9M −2.5M shares	$35.1M 670.8K shares
D DEPRINCE RACE & ZOLLO INC Long Only Manager	−$112.1M −2.1M shares	$229.6K 4.4K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$82.9M −1.5M shares	$50.3M 891.8K shares
S SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long Only Manager	−$72.0M −1.8M shares	Sold Off 0 shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$64.3M −1.2M shares	$40.0M 763.6K shares
Encompass Capital Advisors LLC Hedge Fund•Long/Short	−$53.2M −1.0M shares	$36.5M 697.6K shares
C Capital World Investors Institution	−$42.0M −1.0M shares	Sold Off 0 shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$33.0M −631.4K shares	$200.8M 3.8M shares
Engineers Gate Manager LP Hedge Fund•Quant	−$30.4M −580.7K shares	$10.8M 205.9K shares
FIRST TRUST ADVISORS LP ETF Provider	−$26.9M −513.9K shares	$16.3M 311.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DINO in Q3 2025

New Positions: 29
New Value: $60.4M
Exited Positions: 46
Exited Value: $167.5M

New Positions

Institution	Position Value
Susquehanna Portfolio Strategies, LLC Private Equity	$20.0M 381.2K shares
Sound Income Strategies, LLC RIA/Wealth	$14.3M 274.0K shares
Sagefield Capital LP Private Equity	$9.6M 183.6K shares
Lighthouse Investment Partners, LLC Fund of Funds	$4.2M 80.0K shares
R Ruffer LLP Long Only Manager	$3.9M 74.9K shares
Voleon Capital Management LP Hedge Fund•Quant	$3.3M 62.3K shares
R Squared Ltd Private Equity	$1.0M 19.4K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$943.3K 18.0K shares
F FIRST INTERSTATE BANK Institution	$471.1K 9.0K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$398.7K 7.6K shares

Exited Positions

Institution	Previous Position
S SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long Only Manager	$72.0M 1.8M shares
C Capital World Investors Institution	$42.0M 1.0M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$26.6M 648.6K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$5.5M 133.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.5M 109.5K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	$1.4M 34.5K shares
M MILLER HOWARD INVESTMENTS INC /NY Long Only Manager	$1.2M 29.2K shares
H HRT FINANCIAL LLC Institution	$1.2M 28.8K shares
F Financial Engines Advisors L.L.C. Institution	$1.1M 26.8K shares
Interval Partners, LLC Hedge Fund•Long/Short	$1.1M 26.0K shares

Options Activity

Institutions with the largest Call and Put options positions in DINO as of Q3 2025

Call Positions: 17
Call Value: $75.9M
Put Positions: 18
Put Value: $68.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.9M 3.2K contracts
J JANE STREET GROUP, LLC Institution	$13.9M 2.7K contracts
P PEAK6 LLC Institution	$12.2M 2.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.1M 1.9K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$6.6M 1.3K contracts
W WOLVERINE TRADING, LLC Institution	$4.1M 785.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$4.0M 765.0 contracts
D D. E. Shaw & Co., Inc. Institution	$2.9M 551.0 contracts
N NOMURA HOLDINGS INC Institution	$1.4M 270.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.3M 242.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.5M 2.6K contracts
J JANE STREET GROUP, LLC Institution	$13.5M 2.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$11.2M 2.1K contracts
D D. E. Shaw & Co., Inc. Institution	$8.5M 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$6.1M 1.2K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$4.6M 877.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$4.6M 875.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$3.5M 666.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.0M 200.0 contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$633.3K 121.0 contracts

Most Committed Institutions

Institutions with DINO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T TCTC Holdings, LLC Institution	-	19.15% $645.4M	6.59% 12.3M shares	≤ Q2 2013 Held for 12y 5m+	$3.4B
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	Brian Kuzma Managing Partner	5.11% $16.4M	0.17% 312.4K shares	Q3 2024 Held for 1y 2m	$320.9M
A Arkfeld Wealth Strategies, L.L.C. RIA/Wealth	Andrew Jay Arkfeld Managing Partner	4.79% $13.1M	0.14% 253.8K shares	Q4 2019 Held for 5y 11m	$273.8M
Corigliano Investment Advisers, LLC Hedge Fund•Sector	Mark E Corigliano CEO	3.99% $12.3M	0.13% 235.3K shares	Q2 2025 Held for 5 months	$308.5M
TOWLE & CO Long Only Manager	Christopher Daly Towle CEO	3.50% $13.9M	0.14% 264.8K shares	Q1 2020 Held for 5y 8m	$396.4M
Robertson Opportunity Capital, LLC Hedge Fund•Long/Short	James Brett Robertson President	3.34% $11.0M	0.11% 209.6K shares	≤ Q2 2013 Held for 12y 5m+	$328.2M
S SIR Capital Management, L.P. Hedge Fund•Long/Short	Mirco Ronald Elias CFO	2.74% $30.5M	0.31% 582.9K shares	Q3 2024 Held for 1y 2m	$1.1B
Summit Street Capital Management, LLC Hedge Fund•Value	Jennifer A. Wallace Managing Partner	2.63% $19.2M	0.20% 366.4K shares	Q1 2019 Held for 6y 8m	$729.0M
SEMPER AUGUSTUS INVESTMENTS GROUP LLC Family Office	Brandon Douglas Hill CEO	2.33% $18.7M	0.19% 356.7K shares	Q4 2020 Held for 4y 11m	$800.5M
P Pingora Partners LLC RIA/Wealth	Keith Bryan Ohnmeis Managing Partner	2.02% $3.1M	0.03% 58.3K shares	Q4 2023 Held for 1y 11m	$150.7M

Hedge Fund Spotlight

Discover hedge funds investing in DINO

OCCUDO QUANTITATIVE STRATEGIES LP

Hedge Fund • Market Neutral

Portfolio ManagerRicky Xiaoxiao Shi

Portfolio Value: $821.7M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in HF Sinclair

Market Value: $543.1K
Shares Held: 10.4K
Portfolio Weight: 0.07%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
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