Target
1,035 hedge funds and large institutions have $28.4B invested in Target in 2017 Q3 according to their latest regulatory filings, with 113 funds opening new positions, 363 increasing their positions, 432 reducing their positions, and 84 closing their positions.
83% more funds holding in top 10
Funds holding in top 10: 6 → 11 (+5)
35% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 84
18% more capital invested
Capital invested by funds: $24.1B → $28.4B (+$4.28B)
4.51% more ownership
Funds ownership: 83.68% → 88.19% (+4.5%)
2% more funds holding
Funds holding: 1,013 → 1,035 (+22)
2% less call options, than puts
Call options by funds: $778M | Put options by funds: $796M
16% less repeat investments, than reductions
Existing positions increased: 363 | Existing positions reduced: 432
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$363M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$281M |
| 3 |
Two Sigma Advisers
New York
|
+$196M |
| 4 |
Goldman Sachs
New York
|
+$154M |
| 5 |
Two Sigma Investments
New York
|
+$117M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$159M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$157M |
| 3 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$136M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$107M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$87.4M |
TGT Hedge Fund Activity: Q3 2017 in Review
1,035 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q3 2017, worth a combined $28.4B — up 18% from $24.1B a quarter earlier.
Buyers outnumbered sellers: 113 funds opened new TGT positions and 84 closed out — a net gain of 29 holders — while 363 added to existing stakes and 432 trimmed.
The largest buyer was Bank of America, adding an estimated $363M. The largest seller was Massachusetts Financial Services, exiting entirely with an estimated $159M sold.
- 1,035 institutional investors held Target (TGT) as of Q3 2017, up from 1,013 in Q2 2017.
- Funds reported $28.4B of Target stock for Q3 2017, up 18% quarter-over-quarter.
- 113 funds opened new Target positions in Q3 2017 and 84 closed out, a net change of +29 holders.
- The largest Target buyer in Q3 2017 was Bank of America, an estimated $363M added.
- The largest Target seller in Q3 2017 was Massachusetts Financial Services, an estimated $159M sold.
Based on aggregated 13F filings for Q3 2017.