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967 hedge funds and large institutions have $34.8B invested in Target in 2013 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 387 increasing their positions, 360 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.93% more ownership

Funds ownership: 83.55%85.48% (+1.9%)

8% more repeat investments, than reductions

Existing positions increased: 387 | Existing positions reduced: 360

5% less first-time investments, than exits

New positions opened: 84 | Existing positions closed: 88

1% less funds holding

Funds holding: 980967 (-13)

6% less capital invested

Capital invested by funds: $36.8B → $34.8B (-$2.03B)

31% less funds holding in top 10

Funds holding in top 10: 4229 (-13)

38% less call options, than puts

Call options by funds: $298M | Put options by funds: $482M

Holders
967
Holders Change
-13
Holders Change %
-1.33%
% of All Funds
31.35%
Holding in Top 10
29
Holding in Top 10 Change
-13
Holding in Top 10 Change %
-30.95%
% of All Funds
0.94%
New
84
Increased
387
Reduced
360
Closed
88
Calls
$298M
Puts
$482M
Net Calls
-$184M
Net Calls Change
+$90.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Retirement Systems of Alabama
126
Retirement Systems of Alabama
Alabama
$37.5M -$618K -9,076 -2%
PI
127
PGGM Investments
Netherlands
$37.1M -$42.6M -625,743 -52%
Neuberger Berman Group
128
Neuberger Berman Group
New York
$37M -$164M -2,412,040 -81%
Ohio Public Employees Retirement System (OPERS)
129
Ohio Public Employees Retirement System (OPERS)
Ohio
$35.8M -$4.2M -61,657 -10%
Royal Bank of Canada
130
Royal Bank of Canada
Ontario, Canada
$35.8M -$12.2M -178,970 -24%
PAM
131
Panagora Asset Management
Massachusetts
$35.4M +$291K +4,268 +0.8%
Fifth Third Bancorp
132
Fifth Third Bancorp
Ohio
$35.3M +$1.72M +25,279 +5%
GC
133
Guggenheim Capital
Illinois
$32.5M +$11.5M +169,094 +50%
HI
134
HBK Investments
Texas
$32M -$10.2M -150,000 -23%
1IC
135
1919 Investment Counsel
Maryland
$31.4M +$3.79M +55,730 +13%
BA
136
BlackRock Advisors
Delaware
$30.8M -$1.02M -14,919 -3%
Adage Capital Partners
137
Adage Capital Partners
Massachusetts
$30.7M -$32M -470,000 -49%
Caisse de Depot et Placement du Quebec (CDPQ)
138
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$30.5M -$7.2M -105,700 -18%
FMI
139
Factory Mutual Insurance
Massachusetts
$30.3M
JIR
140
James Investment Research
Ohio
$30M -$615K -9,031 -2%
GAI
141
General American Investors
New York
$29.4M
GT
142
Glenmede Trust
Pennsylvania
$29.3M -$79.4K -1,166 -0.3%
Chevy Chase Trust
143
Chevy Chase Trust
Maryland
$29.2M +$262K +3,850 +0.9%
TGCM
144
Tukman Grossman Capital Management
California
$28.7M -$23.1M -338,600 -43%
Susquehanna International Group
145
Susquehanna International Group
Pennsylvania
$28.5M +$5.65M +82,981 +23%
SONJCPFA
146
State of New Jersey Common Pension Fund A
New Jersey
$28.5M
CCMH
147
Cornerstone Capital Management Holdings
New York
$27.8M +$4.29M +63,086 +17%
DCM
148
Dupont Capital Management
Delaware
$27.8M +$6.62M +97,179 +29%
RCM
149
RNC Capital Management
California
$27.8M +$1.3M +19,032 +5%
BNP Paribas Financial Markets
150
BNP Paribas Financial Markets
France
$27.6M +$21.4M +314,141 +269%

TGT Hedge Fund Activity: Q3 2013 in Review

967 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q3 2013, worth a combined $34.8B — down 5.5% from $36.8B a quarter earlier.

Sellers outnumbered buyers: 88 funds closed out of TGT and 84 opened new positions — a net loss of 4 holders — while 360 trimmed existing stakes and 387 added.

The largest buyer was Magellan Asset Management, opening a new position worth an estimated $563M. The largest seller was Artisan Partners, exiting entirely with an estimated $236M sold.

  • 967 institutional investors held Target (TGT) as of Q3 2013, down from 980 in Q2 2013.
  • Funds reported $34.8B of Target stock for Q3 2013, down 5.5% quarter-over-quarter.
  • 84 funds opened new Target positions in Q3 2013 and 88 closed out, a net change of -4 holders.
  • The largest Target buyer in Q3 2013 was Magellan Asset Management, an estimated $563M added.
  • The largest Target seller in Q3 2013 was Artisan Partners, an estimated $236M sold.

Based on aggregated 13F filings for Q3 2013.