Murphy USA

MUSA • NYSE

Murphy USA is a specialty retail company in the consumer cyclical sector on NYSE, led by R. Andrew Clyde, with a market cap of $7.6B. As of Q3 2025, 83% of shares are held by 488 institutional investors, with BlackRock, Inc. as the largest holder at 8.75%.

President and Chief Executive OfficerR. Andrew Clyde

Market Cap$7.6B

Specialty Retail

Consumer Cyclical

Employees15.6K

Websitemurphyusa.com

Country

United States of America

Overview

Overview of institutional ownership in MUSA as of Q3 2025 with a market cap of $7.5B

All Institutions

Institutions: 488
Value Held: $6.2B
Shares Held: 16.1M
Avg Position: $12.8M
Median Position: $597.5K

Hedge Funds

Hedge Funds: 45
Value Held: $704.9M
Shares Held: 1.8M
Avg Position: $15.7M
Median Position: $1.5M

Ownership Breakdown

Institutional (non-HF)

73.79%

$5.5B

Hedge Funds

9.41%

$704.9M

Retail & Other

16.8%

$1.3B

Based on market cap of $7.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in MUSA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$655.7M 0.01% of portfolio	8.75% 1.7M shares	Q3 2013 Held for 12y 2m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$647.3M 0.01% of portfolio	8.64% 1.7M shares	Q3 2013 Held for 12y 2m	$6.69T
FMR LLC Institution	-	$442.7M 0.02% of portfolio	5.91% 1.1M shares	Q3 2013 Held for 12y 2m	$1.92T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$285.7M 0.23% of portfolio	3.81% 735.9K shares	Q3 2013 Held for 12y 2m	$121.98B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$225.6M 0.01% of portfolio	3.01% 581.2K shares	Q3 2013 Held for 12y 2m	$2.88T
River Road Asset Management, LLC Long Only Manager	Richard Andrew Beck CEO	$193.4M 2.17% of portfolio	2.58% 498.2K shares	Q3 2015 Held for 10y 2m	$8.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$177.7M 0.01% of portfolio	2.37% 457.7K shares	Q3 2013 Held for 12y 2m	$1.57T
BARCLAYS PLC Institution	-	$164.9M 0.06% of portfolio	2.20% 424.8K shares	Q3 2013 Held for 12y 2m	$271.65B
B BancorpSouth Bank Institution	-	$161.0M 9.78% of portfolio	2.15% 414.7K shares	Q4 2017 Held for 7y 11m	$1.6B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$138.7M 0.01% of portfolio	1.85% 357.2K shares	Q3 2013 Held for 12y 2m	$1.56T

Net Capital Flow

Institutional buying and selling activity for MUSA in Q3 2025

Traded: +$27.0M
Buyers: 235
Sellers: 223
Total Bought: +$661.1M
Total Sold: −$634.2M
Avg Position: $11.4M

Biggest Buyers

Institution	Net Bought	Current Position
BARCLAYS PLC Institution	+$125.5M +323.3K shares	$164.9M 424.8K shares
FMR LLC Institution	+$92.8M +239.0K shares	$442.7M 1.1M shares
JPMORGAN CHASE & CO Institution	+$56.9M +146.7K shares	$138.7M 357.2K shares
Recurrent Investment Advisors LLC Long Only Manager	+$38.4M +99.0K shares	$39.2M 100.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$37.1M +95.6K shares	$42.8M 110.1K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$31.3M +80.7K shares	$78.8M 203.1K shares
Robeco Investment Management, Inc. Long Only Manager	+$24.3M +62.6K shares	$36.9M 95.0K shares
ARGENT CAPITAL MANAGEMENT LLC Long Only Manager	+$16.8M +43.2K shares	$50.7M 130.6K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	+$15.2M +39.2K shares	$25.4M 65.4K shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	+$14.4M +37.0K shares	$14.4M 37.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
Invesco Ltd. ETF Provider	−$50.6M −130.2K shares	$100.1M 257.9K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	−$42.9M −110.4K shares	$5.2M 13.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$42.6M −109.8K shares	$285.7M 735.9K shares
SAMLYN CAPITAL, LLC Hedge Fund•Multi-Strategy	−$37.9M −93.3K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$29.4M −75.8K shares	$655.7M 1.7M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$28.5M −73.5K shares	$30.3M 78.2K shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	−$28.1M −72.5K shares	$13.4M 34.5K shares
VANGUARD GROUP INC Institution	−$24.3M −62.7K shares	$647.3M 1.7M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$21.3M −54.7K shares	$5.7M 14.7K shares
FRANKLIN RESOURCES INC Institution	−$21.0M −54.1K shares	$43.7M 112.6K shares

Entry and Exit Activity

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

New Positions: 31
New Value: $37.6M
Exited Positions: 59
Exited Value: $129.0M

New Positions

Institution	Position Value
I IPG Investment Advisors LLC RIA/Wealth	$11.3M 29.1K shares
JCP Investment Management, LLC Hedge Fund•Event Driven	$10.8M 27.9K shares
Lighthouse Investment Partners, LLC Fund of Funds	$4.9M 12.6K shares
O OSSIAM Institution	$2.6M 6.8K shares
JOHNSON INVESTMENT COUNSEL INC RIA/Wealth	$2.1M 5.5K shares
P Perbak Capital Partners LLP Institution	$910.5K 2.3K shares
AlTi Global, Inc. Institution	$660.4K 1.7K shares
Optimize Financial Inc RIA/Wealth	$597.5K 1.5K shares
Semanteon Capital Management, LP Hedge Fund•Long/Short	$565.3K 1.5K shares
Dynasty Wealth Management, LLC Fund of Funds	$483.4K 1.2K shares

Exited Positions

Institution	Previous Position
SAMLYN CAPITAL, LLC Hedge Fund•Multi-Strategy	$37.9M 93.3K shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	$11.1M 27.2K shares
A Artemis Investment Management LLP Institution	$10.5M 25.7K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$10.4M 25.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$9.1M 22.4K shares
E Eisler Capital Management Ltd. Institution	$5.9M 14.6K shares
T TCW GROUP INC Institution	$5.9M 14.4K shares
PARTNERS CAPITAL INVESTMENT GROUP, LLP Fund of Funds	$5.1M 12.6K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$4.8M 11.8K shares
X XTX Topco Ltd Institution	$3.2M 8.0K shares

Options Activity

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

Call Positions: 14
Call Value: $44.7M
Put Positions: 9
Put Value: $14.3M

Call Positions

Institution	Position Value
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$19.4M 500.0 contracts
J JANE STREET GROUP, LLC Institution	$6.1M 158.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.1M 156.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.3M 112.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$4.0M 104.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.9M 50.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 33.0 contracts
D D. E. Shaw & Co., Inc. Institution	$931.8K 24.0 contracts
Walleye Trading LLC RIA/Wealth	$504.7K 13.0 contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.6M 197.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.1M 106.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.4M 37.0 contracts
D D. E. Shaw & Co., Inc. Institution	$1.1M 28.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts
J JANE STREET GROUP, LLC Institution	- - contracts
P PEAK6 LLC Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B BancorpSouth Bank Institution	-	9.78% $161.0M	2.15% 414.7K shares	Q4 2017 Held for 7y 11m	$1.6B
JCP Investment Management, LLC Hedge Fund•Event Driven	James Christopher Pappas Managing Partner	7.10% $10.8M	0.14% 27.9K shares	Q3 2025 Held for 2 months	$152.6M
SOUTHERNSUN ASSET MANAGEMENT, LLC Long Only Manager	Michael Whitman Cook Chairman	4.83% $37.3M	0.50% 95.9K shares	Q3 2014 Held for 11y 2m	$771.8M
H Horrell Capital Management, Inc. RIA/Wealth	Scott Lee Horrell President	4.18% $9.8M	0.13% 25.2K shares	Q3 2013 Held for 12y 2m	$234.0M
S Security National Bank Institution	-	3.13% $20.4M	0.27% 52.6K shares	Q1 2017 Held for 8y 8m	$652.8M
Recurrent Investment Advisors LLC Long Only Manager	Bradley Richard Olsen Managing Partner	3.00% $39.2M	0.52% 100.9K shares	Q2 2023 Held for 2y 5m	$1.3B
River Road Asset Management, LLC Long Only Manager	Richard Andrew Beck CEO	2.17% $193.4M	2.58% 498.2K shares	Q3 2015 Held for 10y 2m	$8.9B
D De Lisle Partners LLP Institution	-	2.01% $16.4M	0.22% 42.3K shares	Q1 2024 Held for 1y 8m	$815.6M
I IPG Investment Advisors LLC RIA/Wealth	Albert Benrey CEO	2.00% $11.3M	0.15% 29.1K shares	Q3 2025 Held for 2 months	$564.6M
ARGENT CAPITAL MANAGEMENT LLC Long Only Manager	Steven Logan Finerty CEO	1.38% $50.7M	0.68% 130.6K shares	Q2 2023 Held for 2y 5m	$3.7B

Hedge Fund Spotlight

Discover hedge funds investing in MUSA

FOX RUN MANAGEMENT, L.L.C.

Hedge Fund • Quant

Portfolio ManagerSandeep Kumar

Portfolio Value: $640.3M
Positions: 870
Last Reported: Q3 2025

Sector Allocation

Position in Murphy USA

Market Value: $474.5K
Shares Held: 1.2K
Portfolio Weight: 0.07%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Energy Select Sector SPDR Fund XLE	ETF ETF	$7.7M	1.20%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$4.3M	0.67%
3 iShares U.S. Real Estate IYR	ETF ETF	$3.9M	0.61%