Private company
Who owns CF United LLC
One company in the researched set discloses a stake in CF United LLC, worth $298m between them. CF United LLC is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
CF United LLC - Profile
- Type
- joint venture
- Based in
- United States
CF United LLC is the holding company for United Pacific, one of the larger independent owners and operators of fuel stations and convenience stores in the western United States. The business runs more than 450 sites across California, Oregon, Washington and Colorado with over 3,500 staff, selling fuel under the 76, Conoco, Phillips 66, Shell, Chevron and United Oil brands and running its convenience shops under the Rocket banner, alongside the Alta Convenience chain it acquired in the Rocky Mountain states. Fortress Investment Group assembled the retail network and continues to manage it, while Phillips 66 took a stake in 2019 and supplies refined products to the sites under a consignment arrangement.
Source
CF United LLC files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from United Pacific completes a leveraged dividend recapitalization (Lincoln International), Phillips 66 Form 10-K for 2025 and Fortress and Phillips 66 joint venture Alta Convenience acquires JR's Retail Stores (Fortress). The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- Phillips 66, as of 31 Dec 2025. CF United ceased to be a variable interest entity (VIE) on 1 January 2024 after its governing agreement was amended and restated in connection with an acquisition of another joint venture interest. source
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of CF United LLC where a holder stated one, and are missing where no holder did.