Target
TGT
998 hedge funds and large institutions have $31.9B invested in Target in 2014 Q2 according to their latest regulatory filings, with 87 funds opening new positions, 413 increasing their positions, 372 reducing their positions, and 99 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 413 | Existing positions reduced: 372
1.27% more ownership
Funds ownership: 85.41% → 86.68% (+1.3%)
4% less capital invested
Capital invested by funds: $33.1B → $31.9B (-$1.2B)
8% less call options, than puts
Call options by funds: $552M | Put options by funds: $601M
2% less funds holding
Funds holding: 1,016 → 998 (-18)
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
12% less first-time investments, than exits
New positions opened: 87 | Existing positions closed: 99
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
+$991M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$444M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$300M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$115M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$399M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$147M |
| 3 |
Bank of New York Mellon
New York
|
-$145M |
| 4 |
Parnassus Investments
San Francisco,
California
|
-$119M |
| 5 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$109M |
TGT Hedge Fund Activity: Q2 2014 in Review
998 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q2 2014, worth a combined $31.9B — down 3.6% from $33.1B a quarter earlier.
Sellers outnumbered buyers: 99 funds closed out of TGT and 87 opened new positions — a net loss of 12 holders — while 372 trimmed existing stakes and 413 added.
The largest buyer was Dodge & Cox, adding an estimated $991M. The largest seller was Fidelity Investments, cutting an estimated $399M.
- 998 institutional investors held Target (TGT) as of Q2 2014, down from 1,016 in Q1 2014.
- Funds reported $31.9B of Target stock for Q2 2014, down 3.6% quarter-over-quarter.
- 87 funds opened new Target positions in Q2 2014 and 99 closed out, a net change of -12 holders.
- The largest Target buyer in Q2 2014 was Dodge & Cox, an estimated $991M added.
- The largest Target seller in Q2 2014 was Fidelity Investments, an estimated $399M sold.
Based on aggregated 13F filings for Q2 2014.