Target
TGT
1,111 hedge funds and large institutions have $33.7B invested in Target in 2016 Q3 according to their latest regulatory filings, with 91 funds opening new positions, 398 increasing their positions, 495 reducing their positions, and 95 closing their positions.
13% more call options, than puts
Call options by funds: $925M | Put options by funds: $818M
1.18% more ownership
Funds ownership: 85.23% → 86.41% (+1.2%)
4% less capital invested
Capital invested by funds: $35.1B → $33.7B (-$1.33B)
4% less first-time investments, than exits
New positions opened: 91 | Existing positions closed: 95
2% less funds holding
Funds holding: 1,128 → 1,111 (-17)
20% less repeat investments, than reductions
Existing positions increased: 398 | Existing positions reduced: 495
20% less funds holding in top 10
Funds holding in top 10: 20 → 16 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$429M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$347M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$345M |
| 4 |
Two Sigma Advisers
New York
|
+$125M |
| 5 |
LCS
Levin Capital Strategies
New York
|
+$99.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$214M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$177M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$158M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$127M |
| 5 |
Jennison Associates
New York
|
-$125M |
TGT Hedge Fund Activity: Q3 2016 in Review
1,111 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q3 2016, worth a combined $33.7B — down 3.8% from $35.1B a quarter earlier.
Sellers outnumbered buyers: 95 funds closed out of TGT and 91 opened new positions — a net loss of 4 holders — while 495 trimmed existing stakes and 398 added.
The largest buyer was Franklin Resources, adding an estimated $429M. The largest seller was JP Morgan Chase, cutting an estimated $214M.
- 1,111 institutional investors held Target (TGT) as of Q3 2016, down from 1,128 in Q2 2016.
- Funds reported $33.7B of Target stock for Q3 2016, down 3.8% quarter-over-quarter.
- 91 funds opened new Target positions in Q3 2016 and 95 closed out, a net change of -4 holders.
- The largest Target buyer in Q3 2016 was Franklin Resources, an estimated $429M added.
- The largest Target seller in Q3 2016 was JP Morgan Chase, an estimated $214M sold.
Based on aggregated 13F filings for Q3 2016.