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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
State Street
1
State Street
Massachusetts
$3.92B +$43.5M +639,166 +1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$2.17B +$21.4M +313,910 +0.9%
Massachusetts Financial Services
3
Massachusetts Financial Services
Massachusetts
$1.61B -$28.6M -420,618 -2%
Barrow, Hanley, Mewhinney & Strauss
4
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.26B +$88.2M +1,295,832 +7%
BIT
5
BlackRock Institutional Trust
California
$1.22B +$116M +1,709,662 +10%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$1.04B -$172M -2,524,774 -13%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$943M +$5.27M +77,356 +0.5%
BBHC
8
Brown Brothers Harriman & Co
New York
$776M +$20.6M +302,708 +3%
Franklin Resources
9
Franklin Resources
California
$716M +$301M +4,414,496 +65%
Invesco
10
Invesco
Georgia
$678M +$17.6M +258,165 +2%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$669M -$62.6M -919,230 -8%
Wells Fargo
12
Wells Fargo
California
$657M +$43.8M +643,068 +7%
Bank of America
13
Bank of America
North Carolina
$637M +$95.4M +1,401,090 +16%
JP Morgan Chase
14
JP Morgan Chase
New York
$623M -$223M -3,274,899 -25%
Northern Trust
15
Northern Trust
Illinois
$603M -$33.9M -497,288 -5%
MAM
16
Magellan Asset Management
Australia
$529M +$563M +8,268,849 New
Hotchkis & Wiley Capital Management
17
Hotchkis & Wiley Capital Management
California
$413M +$174M +2,561,488 +66%
BTS
18
BB&T Securities
Virginia
$403M +$1.2M +17,628 +3%
BFA
19
BlackRock Fund Advisors
California
$385M -$21.5M -315,876 -5%
Norges Bank
20
Norges Bank
Norway
$365M -$2.13M -31,353 -0.5%
Grantham, Mayo, Van Otterloo & Co (GMO)
21
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$351M -$165M -2,421,800 -31%
American Century Companies
22
American Century Companies
Missouri
$346M +$148M +2,173,700 +67%
BG
23
BlackRock Group
United Kingdom
$335M +$55.8M +819,749 +19%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$286M +$4.18M +61,394 +1%
SF
25
Sarofim Fayez
Texas
$277M +$294M +4,323,438 New

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.