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1,067 hedge funds and large institutions have $25.4B invested in Target in 2017 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 385 increasing their positions, 486 reducing their positions, and 208 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.78% less ownership

Funds ownership: 86.23%83.45% (-2.8%)

10% less funds holding

Funds holding: 1,1861,067 (-119)

21% less repeat investments, than reductions

Existing positions increased: 385 | Existing positions reduced: 486

27% less capital invested

Capital invested by funds: $34.9B → $25.4B (-$9.51B)

30% less call options, than puts

Call options by funds: $539M | Put options by funds: $776M

51% less first-time investments, than exits

New positions opened: 102 | Existing positions closed: 208

77% less funds holding in top 10

Funds holding in top 10: 225 (-17)

Holders
1,067
Holders Change
-119
Holders Change %
-10.03%
% of All Funds
26.56%
Holding in Top 10
5
Holding in Top 10 Change
-17
Holding in Top 10 Change %
-77.27%
% of All Funds
0.12%
New
102
Increased
385
Reduced
486
Closed
208
Calls
$539M
Puts
$776M
Net Calls
-$236M
Net Calls Change
-$309M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$74.1M -$45.4M -729,987 -35%
WRF
52
Waddell & Reed Financial
Kansas
$69M +$9.66M +155,250 +14%
Lord, Abbett & Co
53
Lord, Abbett & Co
New Jersey
$67.4M -$19.6M -315,331 -21%
SC
54
SRB Corp
Massachusetts
$66.2M +$32.6K +524 +0%
AllianceBernstein
55
AllianceBernstein
Tennessee
$65M -$8.34M -134,022 -10%
Mitsubishi UFJ Trust & Banking
56
Mitsubishi UFJ Trust & Banking
Japan
$64.1M -$9.7M -155,825 -12%
GC
57
Guggenheim Capital
Illinois
$63.9M +$13.9M +223,414 +24%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$62.6M -$7.98M -128,300 -10%
Schroder Investment Management Group
59
Schroder Investment Management Group
United Kingdom
$62.2M +$37.1M +596,551 +113%
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$62.1M -$9.85M -158,309 -12%
RJA
61
Raymond James & Associates
Florida
$61.9M +$8.14M +130,781 +13%
RRAM
62
River Road Asset Management
Kentucky
$61M +$7.61M +122,225 +12%
PPA
63
Parametric Portfolio Associates
Washington
$60.6M -$41.4M -665,131 -38%
OSAM
64
O'Shaughnessy Asset Management
Connecticut
$59.5M +$19.8M +318,540 +42%
T. Rowe Price Associates
65
T. Rowe Price Associates
Maryland
$59.5M -$2.04M -32,859 -3%
JP Morgan Chase
66
JP Morgan Chase
New York
$57.8M -$273M -4,383,247 -81%
Bank of Montreal
67
Bank of Montreal
Ontario, Canada
$57.7M +$14.7M +235,920 +29%
RhumbLine Advisers
68
RhumbLine Advisers
Massachusetts
$56.9M +$1.29M +20,772 +2%
HSBC Holdings
69
HSBC Holdings
United Kingdom
$56.7M +$5.2M +83,518 +9%
AAM
70
Aberdeen Asset Management
United Kingdom
$55.4M +$1.54M +24,778 +3%
New York State Teachers Retirement System (NYSTRS)
71
New York State Teachers Retirement System (NYSTRS)
New York
$55.4M -$942K -15,143 -1%
Susquehanna International Group
72
Susquehanna International Group
Pennsylvania
$52.1M +$58.7M +944,016 New
ProShare Advisors
73
ProShare Advisors
Maryland
$51.9M +$6.66M +106,967 +13%
NIMC
74
NWQ Investment Management Company
California
$50.1M -$4.36M -70,122 -7%
Chevy Chase Trust
75
Chevy Chase Trust
Maryland
$49.4M +$6.48M +104,130 +13%

TGT Hedge Fund Activity: Q1 2017 in Review

1,067 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2017, worth a combined $25.4B — down 27% from $34.9B a quarter earlier.

Sellers outnumbered buyers: 208 funds closed out of TGT and 102 opened new positions — a net loss of 106 holders — while 486 trimmed existing stakes and 385 added.

The largest buyer was BlackRock, adding an estimated $2.79B. The largest seller was Magellan Asset Management, cutting an estimated $593M.

  • 1,067 institutional investors held Target (TGT) as of Q1 2017, down from 1,186 in Q4 2016.
  • Funds reported $25.4B of Target stock for Q1 2017, down 27% quarter-over-quarter.
  • 102 funds opened new Target positions in Q1 2017 and 208 closed out, a net change of -106 holders.
  • The largest Target buyer in Q1 2017 was BlackRock, an estimated $2.79B added.
  • The largest Target seller in Q1 2017 was Magellan Asset Management, an estimated $593M sold.

Based on aggregated 13F filings for Q1 2017.