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Target
TGT

1,285 hedge funds and large institutions have $34.7B invested in Target in 2019 Q1 according to their latest regulatory filings, with 157 funds opening new positions, 507 increasing their positions, 465 reducing their positions, and 93 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more funds holding in top 10

Funds holding in top 10: 19 → 36 (+17)

69% more first-time investments, than exits

New positions opened: 157 | Existing positions closed: 93

33% more call options, than puts

Call options by funds: $795M | Put options by funds: $595M

22% more capital invested

Capital invested by funds: $28.4B → $34.7B (+$6.37B)

4% more funds holding

Funds holding: 1,232 → 1,285 (+53)

9% more repeat investments, than reductions

Existing positions increased: 507 | Existing positions reduced: 465

0.75% more ownership

Funds ownership: 83.29% → 84.04% (+0.75%)

Holders
1,285
Holders Change
+53
Holders Change %
+4.3%
% of All Funds
27.81%
Holding in Top 10
36
Holding in Top 10 Change
+17
Holding in Top 10 Change %
+89.47%
% of All Funds
0.78%
New
157
Increased
507
Reduced
465
Closed
93
Calls
$795M
Puts
$595M
Net Calls
+$199M
Net Calls Change
-$112M

Top Buyers

Rank Fund Capital Flow
1
Franklin Resources
Franklin Resources
California
+$487M
2
Bank of America
Bank of America
North Carolina
+$237M
3
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
+$214M
4
State Street
State Street
Massachusetts
+$104M
5
Citadel Advisors
Citadel Advisors
Florida
+$93.7M

Top Sellers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
-$514M
2
Morgan Stanley
Morgan Stanley
New York
-$458M
3
JP Morgan Chase
JP Morgan Chase
New York
-$220M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$200M
5
BlackRock
BlackRock
New York
-$151M
Name Holding Trade Value Shares
Change 		Change in
Stake
Nordea Investment Management
26
Nordea Investment Management
Sweden
$232M +$79.1M +1,081,856 +60%
UBS AM
27
UBS AM
Illinois
$219M +$3.04M +41,614 +2%
PPA
28
Parametric Portfolio Associates
Washington
$213M +$3.38M +46,261 +2%
Dodge & Cox
29
Dodge & Cox
California
$208M -$7.87M -107,629 -4%
Robeco Institutional Asset Management
30
Robeco Institutional Asset Management
Netherlands
$193M +$3.93M +53,730 +2%
Deutsche Bank
31
Deutsche Bank
Germany
$189M +$28.1M +384,085 +20%
TCIM
32
TIAA CREF Investment Management
New York
$178M +$5.95M +81,441 +4%
Morgan Stanley
33
Morgan Stanley
New York
$174M -$458M -6,273,266 -74%
UBS Group
34
UBS Group
Switzerland
$166M +$19M +259,838 +14%
Sumitomo Mitsui Trust Group
35
Sumitomo Mitsui Trust Group
Japan
$163M +$2.71M +37,072 +2%
Swedbank
36
Swedbank
Sweden
$158M -$28.1M -384,026 -16%
Janus Henderson Group
37
Janus Henderson Group
United Kingdom
$134M -$39.3M -538,001 -24%
Swiss National Bank
38
Swiss National Bank
Switzerland
$133M +$2.13M +29,200 +2%
Holocene Advisors
39
Holocene Advisors
New York
$131M +$91.6M +1,253,350 +333%
LCOV
40
London Company of Virginia
Virginia
$131M -$656K -8,970 -0.5%
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$128M -$51.7M -707,853 -31%
US Bancorp
42
US Bancorp
Minnesota
$127M +$535K +7,326 +0.5%
AQR Capital Management
43
AQR Capital Management
Connecticut
$122M -$514M -7,036,281 -82%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$122M -$63.2M -865,149 -36%
RJA
45
Raymond James & Associates
Florida
$118M +$12.9M +176,877 +14%
Citadel Advisors
46
Citadel Advisors
Florida
$115M +$93.7M +1,281,522 +831%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$112M +$38.3M +524,052 +61%
SCM
48
Smead Capital Management
Arizona
$111M -$4.91M -67,208 -5%
FI
49
Focused Investors
California
$109M -$3.19M -43,600 -3%
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$108M -$7.01M -95,868 -7%
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TGT Hedge Fund Activity: Q1 2019 in Review

1,285 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2019, worth a combined $34.7B — up 22% from $28.4B a quarter earlier.

Buyers outnumbered sellers: 157 funds opened new TGT positions and 93 closed out — a net gain of 64 holders — while 507 added to existing stakes and 465 trimmed.

The largest buyer was Franklin Resources, adding an estimated $487M. The largest seller was AQR Capital Management, cutting an estimated $514M.

  • 1,285 institutional investors held Target (TGT) as of Q1 2019, up from 1,232 in Q4 2018.
  • Funds reported $34.7B of Target stock for Q1 2019, up 22% quarter-over-quarter.
  • 157 funds opened new Target positions in Q1 2019 and 93 closed out, a net change of +64 holders.
  • The largest Target buyer in Q1 2019 was Franklin Resources, an estimated $487M added.
  • The largest Target seller in Q1 2019 was AQR Capital Management, an estimated $514M sold.

Based on aggregated 13F filings for Q1 2019.