HF SINCLAIR CORP DINO
COM · Common Stock · CUSIP 403949100 · ISIN US4039491000
- SectorEnergy
- IndustryPipe Lines (No Natural Gas)
- HeadquartersDallas, TX
- Founded1947
- Websitehollyfrontier.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($14.9m this quarter). Holder counts are more reliable. Shares outstanding: 187.1m as of 2025-07-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $41.12. Options: 19 managers hold calls ($105.3m notional), 22 hold puts ($65.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 473 |
| Q4 2022 | 536 |
| Q1 2023 | 510 |
| Q2 2023 | 488 |
| Q3 2023 | 533 |
| Q4 2023 | 591 |
| Q1 2024 | 582 |
| Q2 2024 | 574 |
| Q3 2024 | 536 |
| Q4 2024 | 546 |
| Q1 2025 | 511 |
| Q2 2025 | 544 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 265 | 212 |
| Q4 2023 | 316 | 227 |
| Q1 2024 | 288 | 263 |
| Q2 2024 | 276 | 271 |
| Q3 2024 | 279 | 275 |
| Q4 2024 | 273 | 274 |
| Q1 2025 | 267 | 274 |
| Q2 2025 | 310 | 239 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $104.1m | $55.6m | 0.53 |
| Q4 2024 | $45.8m | $46.0m | 1.00 |
| Q1 2025 | $57.9m | $55.4m | 0.96 |
| Q2 2025 | $105.3m | $65.6m | 0.62 |
Biggest buyers
| VICTORY CAPITAL MANAGEMENT INC | Added | +2.3m |
| Encompass Capital Advisors LLC | New | +1.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| Engineers Gate Manager LP | Added | +719.3k |
| ExodusPoint Capital Management, LP | Added | +622.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +513.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +451.3k |
| BlackRock, Inc. | Added | +396.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +379.6k |
| FMR LLC | Added | +369.7k |
Biggest sellers
| Pacer Advisors, Inc. | Sold out | -1.5m |
| Point72 Asset Management, L.P. | Reduced | -1.2m |
| Invesco Ltd. | Reduced | -974.9k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | Reduced | -916.9k |
| Balyasny Asset Management L.P. | Reduced | -832.0k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -696.0k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Reduced | -603.9k |
| CANADA LIFE ASSURANCE Co | Sold out | -595.0k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -562.0k |
| DEUTSCHE BANK AG\ | Reduced | -561.4k |
Biggest calls
| Yaupon Capital Management LP | Added | $33.2m808.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $17.9m435.1k shares |
| CITADEL ADVISORS LLC | Added | $11.4m278.5k shares |
| JANE STREET GROUP, LLC | Added | $10.6m258.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $8.9m216.9k shares |
| SIMPLEX TRADING, LLC | Added | $4.7m113.9k shares |
| Twin Tree Management, LP | New | $3.8m91.3k shares |
| Parallax Volatility Advisers, L.P. | New | $2.6m63.3k shares |
| IMC-Chicago, LLC | Added | $2.5m61.1k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $2.1m50.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $14.5m353.9k shares |
| JANE STREET GROUP, LLC | New | $10.4m253.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.5m207.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $7.0m169.4k shares |
| WOLVERINE TRADING, LLC | Added | $5.2m127.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.4m106.2k shares |
| D. E. Shaw & Co., Inc. | Added | $4.0m97.6k shares |
| Twin Tree Management, LP | New | $2.6m63.6k shares |
| IMC-Chicago, LLC | Reduced | $2.5m61.1k shares |
| Squarepoint Ops LLC | Reduced | $1.8m44.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-03 | 10.1% |
REH Advisors Inc.
13D · may seek influence
-1.2 pts · filed 2026-08-04
Stated purposeThe information contained in the explanatory note and Items 3 and 6 of the Schedule 13D is incorporated herein by reference. On August 2, 2026, the Issuer entered into a Stock Purchase Agreement (the "Twenty-Second Purchase Agreement") with the Reporting Person to repurchase 2,375,000 shares of Common Stock, for $89.41 per share, for the aggregate purchase price of $212,348,750 in a privately negotiated transaction (the "Twenty-Third Repurchase Transaction"). The Twenty-Third Repurchase Transaction is expected to close on or about August 5, 2026, subject to customary closing conditions. The foregoing description of the Twenty-Second Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Twenty-Second Purchase Agreement, whi… Full filing |
5.1% |
Fell to 5% or below in the last year: DIMENSIONAL FUND ADVISORS LP (4.1%, 2026-10-08), VANGUARD PORTFOLIO MANAGEMENT LLC (4.9%, 2026-07-31), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 2 | $3.1m | — |
| Q4 2023 | 1 | $273.9k | 4 | $1.5m | — |
| Q1 2024 | 1 | $246.4k | 4 | $230.0m | — |
| Q2 2024 | 1 | $477.0k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 4 | $984.0k | 0 | — | — |
| Q1 2025 | 2 | $198.3k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 20.1m $823.7m | Added +396.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 16.5m $678.3m | Reduced -15.5k |
| TCTC Holdings, LLC 16.28% of their portfolio | 12.3m $506.6m | Added +8.2k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 8.7m $357.4m | Added +513.5k |
| STATE STREET CORP 0.01% of their portfolio | 6.6m $269.4m | Reduced -459.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 6.2m $255.8m | Added +298.7k |
| AQR CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 4.5m $183.5m | Reduced -519.3k |
| LSV ASSET MANAGEMENT 0.35% of their portfolio | 3.6m $148.8m | Reduced -128.9k |
| MORGAN STANLEY 0.01% of their portfolio | 3.2m $131.6m | Added +322.7k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 3.2m $129.5m | Added +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.9m $119.0m | Added +27.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 2.4m $99.9m | Added +2.3m |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.34% of their portfolio | 2.2m $92.2m | Reduced -299.5k |
| DEPRINCE RACE & ZOLLO INC 1.83% of their portfolio | 2.1m $88.1m | Added +123.2k |
| THOMPSON SIEGEL & WALMSLEY LLC 1.46% of their portfolio | 2.1m $86.7m | Reduced -504.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.1m $85.2m | Added +379.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio | 2.0m $81.8m | Reduced -696.0k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 3.63% of their portfolio | 1.8m $72.0m | Reduced -916.9k |
| Encompass Capital Advisors LLC 2.84% of their portfolio | 1.7m $70.4m | New |
| FMR LLC 0.00% of their portfolio | 1.6m $66.9m | Added +369.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $58.0m | Added +46.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 1.2m $49.8m | Reduced -76.5k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.2m $49.2m | Added +136.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $47.2m | Reduced -70.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $44.2m | Added +59.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio | 1.1m $43.6m | Added +7.4k |
| Capital World Investors 0.01% of their portfolio | 1.0m $42.0m | Unchanged |
| Invesco Ltd. 0.01% of their portfolio | 953.0k $39.1m | Reduced -974.9k |
| Nuveen, LLC 0.01% of their portfolio | 934.0k $38.4m | Added +172.1k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 834.1k $34.3m | Reduced -561.4k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 825.8k $33.9m | Reduced -265.0k |
| Engineers Gate Manager LP 0.40% of their portfolio | 786.6k $32.3m | Added +719.3k |
| River Road Asset Management, LLC 0.44% of their portfolio | 781.4k $34.3m | Reduced -407 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 779.0k $32.0m | Added +451.3k |
| UBS Group AG 0.01% of their portfolio | 752.9k $30.9m | Reduced -544.1k |
| ExodusPoint Capital Management, LP 0.34% of their portfolio | 669.7k $27.5m | Added +622.3k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 648.6k $26.6m | Reduced -1.2m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 641.0k $26.3m | Reduced -298.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 629.4k $25.9m | Added +195.1k |
| NORGES BANK 0.00% of their portfolio | 621.5k $25.5m | Reduced -480.8k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 610.4k $25.1m | Reduced -473.5k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 571.5k $23.5m | Reduced -832.0k |
| Alyeska Investment Group, L.P. 0.08% of their portfolio | 545.7k $22.4m | Added +281.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 522.4k $21.5m | Added +41.5k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 520.0k $21.4m | Reduced -129.3k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.51% of their portfolio | 515.8k $21.2m | Added +48.9k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.41% of their portfolio | 501.0k $20.6m | Added +3.0k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 498.4k $20.5m | Added +108.5k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 488.7k $20.1m | Added +61.5k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 486.5k $20.0m | Reduced -526.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 477.0k $19.6m | Added +40.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 453.3k $18.6m | Added +9.4k |
| DDD Partners, LLC 1.78% of their portfolio | 405.0k $16.6m | Reduced -111.0k |
| Gotham Asset Management, LLC 0.10% of their portfolio | 403.5k $16.6m | Reduced -76.8k |
| Legal & General Group Plc 0.00% of their portfolio | 399.0k $16.4m | Added +98.7k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.09% of their portfolio | 367.6k $15.1m | New |
| Summit Street Capital Management, LLC 2.48% of their portfolio | 366.4k $15.1m | Reduced -202.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 358.1k $14.7m | Reduced -31.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 355.6k $14.6m | Reduced -250 |
| Freestone Grove Partners LP 0.11% of their portfolio | 354.1k $14.5m | New |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC 2.02% of their portfolio | 348.9k $14.3m | Added +49.7k |
| South Dakota Investment Council 0.27% of their portfolio | 341.3k $14.0m | Reduced -59.8k |
| IEQ CAPITAL, LLC 0.08% of their portfolio | 324.2k $13.3m | Added +153.9k |
| TOWLE & CO 3.07% of their portfolio | 318.0k $13.1m | Reduced -87.8k |
| CITIGROUP INC 0.01% of their portfolio | 314.8k $12.9m | Added +199.0k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 311.2k $12.8m | Added +83.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.09% of their portfolio | 310.5k $12.8m | Reduced -200.0k |
| Swiss National Bank 0.01% of their portfolio | 306.0k $12.6m | Reduced -4.0k |
| Pacific Heights Asset Management LLC 0.66% of their portfolio | 300.0k $12.3m | Added +60.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 279.1k $11.5m | Added +5.8k |
| BARCLAYS PLC 0.00% of their portfolio | 260.0k $10.7m | Added +63.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 253.5k $10.4m | Reduced -3.5k |
| Arkfeld Wealth Strategies, L.L.C. 4.44% of their portfolio | 253.2k $11.2m | Added +21.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 251.5k $10.3m | Reduced -66.3k |
| NorthCoast Asset Management LLC 0.04% of their portfolio | 245.7k $10.1m | Added +4.2k |
| Adams Asset Advisors, LLC 1.42% of their portfolio | 244.9k $10.1m | Reduced -34.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 221.7k $9.1m | Unchanged |
| CAMBIAR INVESTORS LLC 0.38% of their portfolio | 217.9k $9.0m | Reduced -8.7k |
| Pine Valley Investments Ltd Liability Co 0.53% of their portfolio | 217.6k $8.9m | Reduced -87.6k |
| Aquatic Capital Management LLC 0.18% of their portfolio | 217.0k $8.9m | Added +77.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 214.9k $8.8m | Reduced -19.7k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 214.6k $8.8m | Added +599 |
| SIR Capital Management, L.P. 0.77% of their portfolio | 211.0k $8.7m | Reduced -296.0k |
| Robertson Opportunity Capital, LLC 3.19% of their portfolio | 209.6k $8.6m | Unchanged |
| SG Americas Securities, LLC 0.04% of their portfolio | 209.2k $8.6m | Added +202.0k |
| Squarepoint Ops LLC 0.02% of their portfolio | 205.6k $8.4m | Added +198.6k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 204.5k $8.4m | Reduced -8.8k |
| WHITTIER TRUST CO 0.10% of their portfolio | 197.6k $8.1m | Added +4.0k |
| Retirement Systems of Alabama 0.03% of their portfolio | 195.7k $8.0m | Added +1.1k |
| Brevan Howard Capital Management LP 0.09% of their portfolio | 190.6k $7.8m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 190.0k $7.8m | Reduced -178.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 185.0k $7.6m | Reduced -25.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 184.5k $7.6m | Reduced -8.4k |
| Amundi 0.00% of their portfolio | 174.2k $7.6m | Added +12.4k |
| Holocene Advisors, LP 0.02% of their portfolio | 172.8k $7.1m | Reduced -32.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 171.3k $7.0m | Reduced -3.2k |
| Walleye Capital LLC 0.06% of their portfolio | 166.3k $6.8m | Reduced -95.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 164.1k $6.7m | Added +1.9k |
| KLP KAPITALFORVALTNING AS 0.03% of their portfolio | 162.7k $6.7m | Added +19.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 160.0k $6.6m | Reduced -1.3k |