Target
1,016 hedge funds and large institutions have $32.7B invested in Target in 2014 Q1 according to their latest regulatory filings, with 114 funds opening new positions, 364 increasing their positions, 434 reducing their positions, and 115 closing their positions.
19% more call options, than puts
Call options by funds: $700M | Put options by funds: $587M
1% less first-time investments, than exits
New positions opened: 114 | Existing positions closed: 115
1% less funds holding
Funds holding: 1,029 → 1,016 (-13)
2.59% less ownership
Funds ownership: 88% → 85.41% (-2.6%)
7% less capital invested
Capital invested by funds: $35.2B → $32.7B (-$2.46B)
16% less repeat investments, than reductions
Existing positions increased: 364 | Existing positions reduced: 434
25% less funds holding in top 10
Funds holding in top 10: 24 → 18 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$439M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$361M |
| 3 |
MAM
Magellan Asset Management
Sydney,
Australia
|
+$146M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$135M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$120M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$763M |
| 2 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$706M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$198M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$168M |
| 5 |
State Street
Boston,
Massachusetts
|
-$144M |
TGT Hedge Fund Activity: Q1 2014 in Review
1,016 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2014, worth a combined $32.7B — down 7% from $35.2B a quarter earlier.
Sellers outnumbered buyers: 115 funds closed out of TGT and 114 opened new positions — a net loss of 1 holder — while 434 trimmed existing stakes and 364 added.
The largest buyer was Franklin Resources, adding an estimated $439M. The largest seller was Wellington Management Group, cutting an estimated $763M.
- 1,016 institutional investors held Target (TGT) as of Q1 2014, down from 1,029 in Q4 2013.
- Funds reported $32.7B of Target stock for Q1 2014, down 7% quarter-over-quarter.
- 114 funds opened new Target positions in Q1 2014 and 115 closed out, a net change of -1 holder.
- The largest Target buyer in Q1 2014 was Franklin Resources, an estimated $439M added.
- The largest Target seller in Q1 2014 was Wellington Management Group, an estimated $763M sold.
Based on aggregated 13F filings for Q1 2014.