Target
1,188 hedge funds and large institutions have $32.1B invested in Target in 2018 Q1 according to their latest regulatory filings, with 157 funds opening new positions, 395 increasing their positions, 490 reducing their positions, and 101 closing their positions.
55% more first-time investments, than exits
New positions opened: 157 | Existing positions closed: 101
30% more funds holding in top 10
Funds holding in top 10: 20 → 26 (+6)
4% more funds holding
Funds holding: 1,141 → 1,188 (+47)
4% more capital invested
Capital invested by funds: $30.9B → $32.1B (+$1.17B)
1.35% less ownership
Funds ownership: 87.19% → 85.83% (-1.4%)
17% less call options, than puts
Call options by funds: $698M | Put options by funds: $839M
19% less repeat investments, than reductions
Existing positions increased: 395 | Existing positions reduced: 490
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$425M |
| 2 |
Two Sigma Investments
New York
|
+$187M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$187M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$183M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$630M |
| 2 |
Dodge & Cox
San Francisco,
California
|
-$458M |
| 3 |
BlackRock
New York
|
-$274M |
| 4 |
State Street
Boston,
Massachusetts
|
-$232M |
| 5 |
Morgan Stanley
New York
|
-$219M |
TGT Hedge Fund Activity: Q1 2018 in Review
1,188 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2018, worth a combined $32.1B — up 3.8% from $30.9B a quarter earlier.
Buyers outnumbered sellers: 157 funds opened new TGT positions and 101 closed out — a net gain of 56 holders — while 395 added to existing stakes and 490 trimmed.
The largest buyer was Bank of America, adding an estimated $425M. The largest seller was Franklin Resources, cutting an estimated $630M.
- 1,188 institutional investors held Target (TGT) as of Q1 2018, up from 1,141 in Q4 2017.
- Funds reported $32.1B of Target stock for Q1 2018, up 3.8% quarter-over-quarter.
- 157 funds opened new Target positions in Q1 2018 and 101 closed out, a net change of +56 holders.
- The largest Target buyer in Q1 2018 was Bank of America, an estimated $425M added.
- The largest Target seller in Q1 2018 was Franklin Resources, an estimated $630M sold.
Based on aggregated 13F filings for Q1 2018.