Target
967 hedge funds and large institutions have $34.6B invested in Target in 2013 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 388 increasing their positions, 359 reducing their positions, and 88 closing their positions.
2.12% more ownership
Funds ownership: 83.55% → 85.67% (+2.1%)
8% more repeat investments, than reductions
Existing positions increased: 388 | Existing positions reduced: 359
5% less first-time investments, than exits
New positions opened: 84 | Existing positions closed: 88
1% less funds holding
Funds holding: 980 → 967 (-13)
6% less capital invested
Capital invested by funds: $36.9B → $34.6B (-$2.33B)
31% less funds holding in top 10
Funds holding in top 10: 42 → 29 (-13)
38% less call options, than puts
Call options by funds: $298M | Put options by funds: $482M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Magellan Asset Management
Sydney,
Australia
|
+$563M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$301M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$174M |
| 4 |
Renaissance Technologies
New York
|
+$155M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$148M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$236M |
| 2 |
JP Morgan Chase
New York
|
-$223M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$172M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$165M |
| 5 |
Neuberger Berman Group
New York
|
-$164M |
TGT Hedge Fund Activity: Q3 2013 in Review
967 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q3 2013, worth a combined $34.6B — down 6.3% from $36.9B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of TGT and 84 opened new positions — a net loss of 4 holders — while 359 trimmed existing stakes and 388 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 $34.6B of Target stock for Q3 2013, down 6.3% 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.