Target
1,152 hedge funds and large institutions have $40.3B invested in Target in 2015 Q2 according to their latest regulatory filings, with 105 funds opening new positions, 422 increasing their positions, 444 reducing their positions, and 59 closing their positions.
78% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 59
3% more funds holding
Funds holding: 1,118 → 1,152 (+34)
5% less repeat investments, than reductions
Existing positions increased: 422 | Existing positions reduced: 444
2% less funds holding in top 10
Funds holding in top 10: 44 → 43 (-1)
8.8% less ownership
Funds ownership: 86.58% → 77.78% (-8.8%)
11% less capital invested
Capital invested by funds: $45.5B → $40.3B (-$5.17B)
11% less call options, than puts
Call options by funds: $560M | Put options by funds: $633M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$384M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$343M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$229M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$118M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$4.65B |
| 2 |
Franklin Resources
San Mateo,
California
|
-$387M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$206M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$172M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$149M |
TGT Hedge Fund Activity: Q2 2015 in Review
1,152 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q2 2015, worth a combined $40.3B — down 11% from $45.5B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new TGT positions and 59 closed out — a net gain of 46 holders — while 422 added to existing stakes and 444 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $384M. The largest seller was State Street, exiting entirely with an estimated $4.65B sold.
- 1,152 institutional investors held Target (TGT) as of Q2 2015, up from 1,118 in Q1 2015.
- Funds reported $40.3B of Target stock for Q2 2015, down 11% quarter-over-quarter.
- 105 funds opened new Target positions in Q2 2015 and 59 closed out, a net change of +46 holders.
- The largest Target buyer in Q2 2015 was JP Morgan Chase, an estimated $384M added.
- The largest Target seller in Q2 2015 was State Street, an estimated $4.65B sold.
Based on aggregated 13F filings for Q2 2015.