Target
1,067 hedge funds and large institutions have $25.5B invested in Target in 2017 Q1 according to their latest regulatory filings, with 103 funds opening new positions, 384 increasing their positions, 486 reducing their positions, and 209 closing their positions.
2.81% less ownership
Funds ownership: 86.26% → 83.45% (-2.8%)
10% less funds holding
Funds holding: 1,186 → 1,067 (-119)
21% less repeat investments, than reductions
Existing positions increased: 384 | Existing positions reduced: 486
27% less capital invested
Capital invested by funds: $35B → $25.5B (-$9.51B)
30% less call options, than puts
Call options by funds: $544M | Put options by funds: $779M
51% less first-time investments, than exits
New positions opened: 103 | Existing positions closed: 209
77% less funds holding in top 10
Funds holding in top 10: 22 → 5 (-17)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.79B |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$314M |
| 3 |
Two Sigma Advisers
New York
|
+$220M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$193M |
| 5 |
Two Sigma Investments
New York
|
+$158M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Magellan Asset Management
Sydney,
Australia
|
-$593M |
| 2 |
JP Morgan Chase
New York
|
-$273M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$222M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$168M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$168M |
TGT Hedge Fund Activity: Q1 2017 in Review
1,067 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2017, worth a combined $25.5B — down 27% from $35B a quarter earlier.
Sellers outnumbered buyers: 209 funds closed out of TGT and 103 opened new positions — a net loss of 106 holders — while 486 trimmed existing stakes and 384 added.
The largest buyer was BlackRock, adding an estimated $2.79B. The largest seller was Magellan Asset Management, cutting an estimated $593M.
- 1,067 institutional investors held Target (TGT) as of Q1 2017, down from 1,186 in Q4 2016.
- Funds reported $25.5B of Target stock for Q1 2017, down 27% quarter-over-quarter.
- 103 funds opened new Target positions in Q1 2017 and 209 closed out, a net change of -106 holders.
- The largest Target buyer in Q1 2017 was BlackRock, an estimated $2.79B added.
- The largest Target seller in Q1 2017 was Magellan Asset Management, an estimated $593M sold.
Based on aggregated 13F filings for Q1 2017.