Target
975 hedge funds and large institutions have $34.9B invested in Target in 2014 Q3 according to their latest regulatory filings, with 73 funds opening new positions, 352 increasing their positions, 424 reducing their positions, and 86 closing their positions.
44% more funds holding in top 10
Funds holding in top 10: 16 → 23 (+7)
11% more call options, than puts
Call options by funds: $674M | Put options by funds: $609M
9% more capital invested
Capital invested by funds: $31.9B → $34.9B (+$2.96B)
1.1% more ownership
Funds ownership: 86.68% → 87.78% (+1.1%)
2% less funds holding
Funds holding: 998 → 975 (-23)
15% less first-time investments, than exits
New positions opened: 73 | Existing positions closed: 86
17% less repeat investments, than reductions
Existing positions increased: 352 | Existing positions reduced: 424
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$409M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$373M |
| 3 |
SC
Sasco Capital
Fairfield,
Connecticut
|
+$192M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$121M |
| 5 |
GE
General Electric
Evendale,
Ohio
|
+$81.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$300M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$147M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$130M |
| 4 |
MAM
Magellan Asset Management
Sydney,
Australia
|
-$119M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
-$74.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JT
1051
Jump Trading
Chicago,
Illinois
| – | -$51.5K | -850 | Closed |
|
|
TCM
1052
Tributary Capital Management
Omaha,
Nebraska
| – | -$49K | -850 | Closed |
|
|
LWA
1053
Lenox Wealth Advisors
New York
| – | -$47K | -779 | Closed |
|
|
NYLT
1054
New York Life Trust
New York
| – | -$32K | -555 | Closed |
|
|
PI
1055
PineBridge Investments
New York
| – | -$12K | -214 | Closed |
|
|
AAC
1056
Asset Advisors Corp
Augusta,
Georgia
| – | -$7K | -120 | Closed |
|
1057
Group One Trading
Chicago,
Illinois
| – | -$6K | -100 | Closed |
|
|
WC
1058
Whitnell & Co
Oak Brook,
Illinois
| – | -$6K | -100 | Closed |
|
|
VAM
1059
Visionary Asset Management
Houston,
Texas
| – | -$4K | -69 | Closed |
|
|
VCM
1060
Vigilant Capital Management
Portland,
Maine
| – | -$3K | -50 | Closed |
|
|
JWA
1061
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$2K | -37 | Closed |
|
|
BCI
1062
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$1K | -20 | Closed |
|
TGT Hedge Fund Activity: Q3 2014 in Review
975 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q3 2014, worth a combined $34.9B — up 9.3% from $31.9B a quarter earlier.
Sellers outnumbered buyers: 86 funds closed out of TGT and 73 opened new positions — a net loss of 13 holders — while 424 trimmed existing stakes and 352 added.
The largest buyer was Franklin Resources, adding an estimated $409M. The largest seller was Norges Bank, cutting an estimated $300M.
- 975 institutional investors held Target (TGT) as of Q3 2014, down from 998 in Q2 2014.
- Funds reported $34.9B of Target stock for Q3 2014, up 9.3% quarter-over-quarter.
- 73 funds opened new Target positions in Q3 2014 and 86 closed out, a net change of -13 holders.
- The largest Target buyer in Q3 2014 was Franklin Resources, an estimated $409M added.
- The largest Target seller in Q3 2014 was Norges Bank, an estimated $300M sold.
Based on aggregated 13F filings for Q3 2014.