Target
1,028 hedge funds and large institutions have $34.8B invested in Target in 2013 Q4 according to their latest regulatory filings, with 147 funds opening new positions, 360 increasing their positions, 415 reducing their positions, and 75 closing their positions.
96% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 75
6% more funds holding
Funds holding: 967 → 1,028 (+61)
0.6% more ownership
Funds ownership: 85.48% → 86.08% (+0.6%)
0% less capital invested
Capital invested by funds: $34.8B → $34.8B (-$3.44M)
13% less repeat investments, than reductions
Existing positions increased: 360 | Existing positions reduced: 415
14% less call options, than puts
Call options by funds: $433M | Put options by funds: $504M
17% less funds holding in top 10
Funds holding in top 10: 29 → 24 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$877M |
| 2 |
MAM
Magellan Asset Management
Sydney,
Australia
|
+$283M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$153M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$140M |
| 5 |
Bank of New York Mellon
New York
|
+$119M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$331M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$218M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$167M |
| 4 |
WA
WestEnd Advisors
Charlotte,
North Carolina
|
-$139M |
| 5 |
Renaissance Technologies
New York
|
-$135M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VCM
1101
Vigilant Capital Management
Portland,
Maine
| – | -$24K | -375 | Closed |
|
1102
Victory Capital Management
San Antonio,
Texas
| – | -$11K | -178 | Closed |
|
|
HDIM
1103
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | -$1K | -23 | Closed |
|
TGT Hedge Fund Activity: Q4 2013 in Review
1,028 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q4 2013, worth a combined $34.8B — down 0.01% from $34.8B a quarter earlier.
Buyers outnumbered sellers: 147 funds opened new TGT positions and 75 closed out — a net gain of 72 holders — while 360 added to existing stakes and 415 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $877M. The largest seller was JP Morgan Chase, cutting an estimated $331M.
- 1,028 institutional investors held Target (TGT) as of Q4 2013, up from 967 in Q3 2013.
- Funds reported $34.8B of Target stock for Q4 2013, down 0.01% quarter-over-quarter.
- 147 funds opened new Target positions in Q4 2013 and 75 closed out, a net change of +72 holders.
- The largest Target buyer in Q4 2013 was Fidelity Investments, an estimated $877M added.
- The largest Target seller in Q4 2013 was JP Morgan Chase, an estimated $331M sold.
Based on aggregated 13F filings for Q4 2013.