Target
TGT
1,831 hedge funds and large institutions have $48.7B invested in Target in 2023 Q2 according to their latest regulatory filings, with 160 funds opening new positions, 624 increasing their positions, 852 reducing their positions, and 255 closing their positions.
2% less call options, than puts
Call options by funds: $2.21B | Put options by funds: $2.26B
1% less ownership
Funds ownership: 80.99% → 79.99% (-1%)
6% less funds holding
Funds holding: 1,942 → 1,831 (-111)
21% less capital invested
Capital invested by funds: $61.6B → $48.7B (-$12.9B)
27% less repeat investments, than reductions
Existing positions increased: 624 | Existing positions reduced: 852
37% less first-time investments, than exits
New positions opened: 160 | Existing positions closed: 255
48% less funds holding in top 10
Funds holding in top 10: 21 → 11 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parnassus Investments
San Francisco,
California
|
+$350M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$348M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$303M |
| 4 |
Millennium Management
New York
|
+$282M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$270M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$598M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$501M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
-$476M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$324M |
| 5 |
BlackRock
New York
|
-$284M |
TGT Hedge Fund Activity: Q2 2023 in Review
1,831 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q2 2023, worth a combined $48.7B — down 21% from $61.6B a quarter earlier.
Sellers outnumbered buyers: 255 funds closed out of TGT and 160 opened new positions — a net loss of 95 holders — while 852 trimmed existing stakes and 624 added.
The largest buyer was Parnassus Investments, adding an estimated $350M. The largest seller was JP Morgan Chase, cutting an estimated $598M.
- 1,831 institutional investors held Target (TGT) as of Q2 2023, down from 1,942 in Q1 2023.
- Funds reported $48.7B of Target stock for Q2 2023, down 21% quarter-over-quarter.
- 160 funds opened new Target positions in Q2 2023 and 255 closed out, a net change of -95 holders.
- The largest Target buyer in Q2 2023 was Parnassus Investments, an estimated $350M added.
- The largest Target seller in Q2 2023 was JP Morgan Chase, an estimated $598M sold.
Based on aggregated 13F filings for Q2 2023.