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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.

New
Increased
Maintained
Reduced
Closed

96% more first-time investments, than exits

New positions opened: 147 | Existing positions closed: 75

6% more funds holding

Funds holding: 9671,028 (+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: 2924 (-5)

Holders
1,028
Holders Change
+61
Holders Change %
+6.31%
% of All Funds
29.84%
Holding in Top 10
24
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-17.24%
% of All Funds
0.7%
New
147
Increased
360
Reduced
415
Closed
75
Calls
$433M
Puts
$504M
Net Calls
-$71.7M
Net Calls Change
+$112M
Name Holding Trade Value Shares
Change
Change in
Stake
State Street
1
State Street
Massachusetts
$3.87B -$7.96M -124,535 -0.2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$2.18B +$39.9M +623,797 +2%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.8B +$877M +13,726,279 +93%
Massachusetts Financial Services
4
Massachusetts Financial Services
Massachusetts
$1.62B +$29.3M +458,172 +2%
Barrow, Hanley, Mewhinney & Strauss
5
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.39B +$153M +2,394,064 +12%
BIT
6
BlackRock Institutional Trust
California
$1.04B -$167M -2,616,790 -14%
Franklin Resources
7
Franklin Resources
California
$846M +$140M +2,193,514 +20%
Wellington Management Group
8
Wellington Management Group
Massachusetts
$816M -$218M -3,409,134 -21%
MAM
9
Magellan Asset Management
Australia
$803M +$283M +4,430,097 +54%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$779M +$119M +1,857,938 +18%
BBHC
11
Brown Brothers Harriman & Co
New York
$768M +$1.08M +16,942 +0.1%
Invesco
12
Invesco
Georgia
$681M +$11.2M +175,986 +2%
Wells Fargo
13
Wells Fargo
California
$648M -$1.7M -26,544 -0.3%
Northern Trust
14
Northern Trust
Illinois
$588M -$7.89M -123,496 -1%
Bank of America
15
Bank of America
North Carolina
$501M -$131M -2,042,374 -20%
BTS
16
BB&T Securities
Virginia
$473M +$7.56M +118,298 +19%
Hotchkis & Wiley Capital Management
17
Hotchkis & Wiley Capital Management
California
$455M +$46.8M +732,309 +11%
BFA
18
BlackRock Fund Advisors
California
$389M +$9.01M +140,979 +2%
American Century Companies
19
American Century Companies
Missouri
$359M +$16.6M +259,188 +5%
Norges Bank
20
Norges Bank
Norway
$314M -$47.4M -741,243 -13%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$295M +$11.6M +181,868 +4%
JP Morgan Chase
22
JP Morgan Chase
New York
$288M -$331M -5,174,191 -53%
BG
23
BlackRock Group
United Kingdom
$268M -$64.7M -1,012,618 -19%
Fayez Sarofim & Co
24
Fayez Sarofim & Co
Texas
$261M +$264M +4,132,561 New
Goldman Sachs
25
Goldman Sachs
New York
$256M +$42.3M +661,199 +20%

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.