Target
1,186 hedge funds and large institutions have $34.9B invested in Target in 2016 Q4 according to their latest regulatory filings, with 171 funds opening new positions, 369 increasing their positions, 510 reducing their positions, and 74 closing their positions.
131% more first-time investments, than exits
New positions opened: 171 | Existing positions closed: 74
38% more funds holding in top 10
Funds holding in top 10: 16 → 22 (+6)
7% more funds holding
Funds holding: 1,111 → 1,186 (+75)
8% more call options, than puts
Call options by funds: $982M | Put options by funds: $909M
4% more capital invested
Capital invested by funds: $33.7B → $34.9B (+$1.22B)
0.18% less ownership
Funds ownership: 86.41% → 86.23% (-0.18%)
28% less repeat investments, than reductions
Existing positions increased: 369 | Existing positions reduced: 510
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$175M |
| 2 |
Morgan Stanley
New York
|
+$164M |
| 3 |
D.E. Shaw & Co
New York
|
+$132M |
| 4 |
Renaissance Technologies
New York
|
+$130M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$114M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$445M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$433M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$361M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$225M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$210M |
TGT Hedge Fund Activity: Q4 2016 in Review
1,186 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q4 2016, worth a combined $34.9B — up 3.6% from $33.7B a quarter earlier.
Buyers outnumbered sellers: 171 funds opened new TGT positions and 74 closed out — a net gain of 97 holders — while 369 added to existing stakes and 510 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $175M. The largest seller was Massachusetts Financial Services, cutting an estimated $445M.
- 1,186 institutional investors held Target (TGT) as of Q4 2016, up from 1,111 in Q3 2016.
- Funds reported $34.9B of Target stock for Q4 2016, up 3.6% quarter-over-quarter.
- 171 funds opened new Target positions in Q4 2016 and 74 closed out, a net change of +97 holders.
- The largest Target buyer in Q4 2016 was Millennium Management, an estimated $175M added.
- The largest Target seller in Q4 2016 was Massachusetts Financial Services, an estimated $445M sold.
Based on aggregated 13F filings for Q4 2016.