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1,233 hedge funds and large institutions have $28.4B invested in Target in 2018 Q4 according to their latest regulatory filings, with 174 funds opening new positions, 456 increasing their positions, 460 reducing their positions, and 164 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more call options, than puts

Call options by funds: $863M | Put options by funds: $551M

6% more first-time investments, than exits

New positions opened: 174 | Existing positions closed: 164

0.23% less ownership

Funds ownership: 83.52%83.29% (-0.23%)

0% less funds holding

Funds holding: 1,2361,233 (-3)

1% less repeat investments, than reductions

Existing positions increased: 456 | Existing positions reduced: 460

27% less capital invested

Capital invested by funds: $38.7B → $28.4B (-$10.3B)

54% less funds holding in top 10

Funds holding in top 10: 4119 (-22)

Holders
1,233
Holders Change
-3
Holders Change %
-0.24%
% of All Funds
27.47%
Holding in Top 10
19
Holding in Top 10 Change
-22
Holding in Top 10 Change %
-53.66%
% of All Funds
0.42%
New
174
Increased
456
Reduced
460
Closed
164
Calls
$863M
Puts
$551M
Net Calls
+$311M
Net Calls Change
-$220M
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
26
Legal & General Group
United Kingdom
$220M +$17.2M +224,024 +7%
Skandinaviska Enskilda Banken (SEB)
27
Skandinaviska Enskilda Banken (SEB)
Sweden
$218M -$22.1M -287,701 -8%
Dodge & Cox
28
Dodge & Cox
California
$178M -$471M -6,124,531 -69%
UBS AM
29
UBS AM
Illinois
$178M +$11.6M +150,328 +6%
American Century Companies
30
American Century Companies
Missouri
$177M -$87.8M -1,141,561 -30%
PPA
31
Parametric Portfolio Associates
Washington
$173M +$2.02M +26,254 +1%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$157M +$242K +3,145 +0.1%
Robeco Institutional Asset Management
33
Robeco Institutional Asset Management
Netherlands
$155M +$24.7M +321,131 +16%
Swedbank
34
Swedbank
Sweden
$153M +$7.82M +101,671 +5%
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$152M +$67.7M +880,424 +62%
Janus Henderson Group
36
Janus Henderson Group
United Kingdom
$146M +$112M +1,454,295 +193%
TCIM
37
TIAA CREF Investment Management
New York
$141M -$5.64M -73,296 -3%
Deutsche Bank
38
Deutsche Bank
Germany
$130M -$47.8M -621,103 -24%
Sumitomo Mitsui Trust Group
39
Sumitomo Mitsui Trust Group
Japan
$130M +$23.6M +306,817 +18%
Nordea Investment Management
40
Nordea Investment Management
Sweden
$120M +$134M +1,739,892 +2,418%
UBS Group
41
UBS Group
Switzerland
$119M -$39.8M -516,738 -22%
LCOV
42
London Company of Virginia
Virginia
$108M -$9.97M -129,515 -7%
Swiss National Bank
43
Swiss National Bank
Switzerland
$107M +$669K +8,700 +0.5%
US Bancorp
44
US Bancorp
Minnesota
$104M -$1.34M -17,408 -1%
SCM
45
Smead Capital Management
Arizona
$95.8M -$4.69M -60,949 -4%
California Public Employees Retirement System
46
California Public Employees Retirement System
California
$95M -$743K -9,662 -0.7%
FI
47
Focused Investors
California
$93M -$4.62M -60,000 -4%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$86.9M -$1.37M -17,800 -1%
RJA
49
Raymond James & Associates
Florida
$85.4M +$3.51M +45,636 +4%
HCM
50
Hamlin Capital Management
New York
$84M +$26.1M +338,968 +36%

TGT Hedge Fund Activity: Q4 2018 in Review

1,233 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q4 2018, worth a combined $28.4B — down 27% from $38.7B a quarter earlier.

Buyers outnumbered sellers: 174 funds opened new TGT positions and 164 closed out — a net gain of 10 holders — while 456 added to existing stakes and 460 trimmed.

The largest buyer was Boston Partners, opening a new position worth an estimated $361M. The largest seller was Dodge & Cox, cutting an estimated $471M.

  • 1,233 institutional investors held Target (TGT) as of Q4 2018, down from 1,236 in Q3 2018.
  • Funds reported $28.4B of Target stock for Q4 2018, down 27% quarter-over-quarter.
  • 174 funds opened new Target positions in Q4 2018 and 164 closed out, a net change of +10 holders.
  • The largest Target buyer in Q4 2018 was Boston Partners, an estimated $361M added.
  • The largest Target seller in Q4 2018 was Dodge & Cox, an estimated $471M sold.

Based on aggregated 13F filings for Q4 2018.