Target
1,016 hedge funds and large institutions have $33.1B invested in Target in 2014 Q1 according to their latest regulatory filings, with 114 funds opening new positions, 365 increasing their positions, 433 reducing their positions, and 114 closing their positions.
20% more call options, than puts
Call options by funds: $698M | Put options by funds: $585M
0% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 114
0.67% less ownership
Funds ownership: 86.08% → 85.41% (-0.67%)
5% less capital invested
Capital invested by funds: $34.8B → $33.1B (-$1.66B)
1% less funds holding
Funds holding: 1,028 → 1,016 (-12)
16% less repeat investments, than reductions
Existing positions increased: 365 | Existing positions reduced: 433
25% less funds holding in top 10
Funds holding in top 10: 24 → 18 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$439M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$361M |
| 3 |
MAM
Magellan Asset Management
Sydney,
Australia
|
+$146M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$135M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$120M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$763M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$198M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$168M |
| 4 |
State Street
Boston,
Massachusetts
|
-$144M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$118M |
TGT Hedge Fund Activity: Q1 2014 in Review
1,016 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2014, worth a combined $33.1B — down 4.8% from $34.8B a quarter earlier.
Fund positioning in TGT was balanced in Q1 2014: 114 funds opened new positions, 114 closed out, 365 added to existing stakes and 433 trimmed.
The largest buyer was Franklin Resources, adding an estimated $439M. The largest seller was Wellington Management Group, cutting an estimated $763M.
- 1,016 institutional investors held Target (TGT) as of Q1 2014, down from 1,028 in Q4 2013.
- Funds reported $33.1B of Target stock for Q1 2014, down 4.8% quarter-over-quarter.
- 114 funds opened new Target positions in Q1 2014 and 114 closed out, a net change of 0 holders.
- The largest Target buyer in Q1 2014 was Franklin Resources, an estimated $439M added.
- The largest Target seller in Q1 2014 was Wellington Management Group, an estimated $763M sold.
Based on aggregated 13F filings for Q1 2014.