Target
1,141 hedge funds and large institutions have $30.9B invested in Target in 2017 Q4 according to their latest regulatory filings, with 199 funds opening new positions, 336 increasing their positions, 502 reducing their positions, and 86 closing their positions.
131% more first-time investments, than exits
New positions opened: 199 | Existing positions closed: 86
82% more funds holding in top 10
Funds holding in top 10: 11 → 20 (+9)
10% more funds holding
Funds holding: 1,035 → 1,141 (+106)
9% more capital invested
Capital invested by funds: $28.4B → $30.9B (+$2.47B)
1% less call options, than puts
Call options by funds: $962M | Put options by funds: $968M
1.01% less ownership
Funds ownership: 88.19% → 87.19% (-1%)
33% less repeat investments, than reductions
Existing positions increased: 336 | Existing positions reduced: 502
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$281M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$147M |
| 3 |
Barclays
London,
United Kingdom
|
+$134M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$91.5M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$346M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$217M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$186M |
| 4 |
Two Sigma Investments
New York
|
-$173M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$135M |
TGT Hedge Fund Activity: Q4 2017 in Review
1,141 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q4 2017, worth a combined $30.9B — up 8.7% from $28.4B a quarter earlier.
Buyers outnumbered sellers: 199 funds opened new TGT positions and 86 closed out — a net gain of 113 holders — while 336 added to existing stakes and 502 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $281M. The largest seller was Highfields Capital Management, exiting entirely with an estimated $346M sold.
- 1,141 institutional investors held Target (TGT) as of Q4 2017, up from 1,035 in Q3 2017.
- Funds reported $30.9B of Target stock for Q4 2017, up 8.7% quarter-over-quarter.
- 199 funds opened new Target positions in Q4 2017 and 86 closed out, a net change of +113 holders.
- The largest Target buyer in Q4 2017 was Morgan Stanley, an estimated $281M added.
- The largest Target seller in Q4 2017 was Highfields Capital Management, an estimated $346M sold.
Based on aggregated 13F filings for Q4 2017.