Target
1,287 hedge funds and large institutions have $34.8B invested in Target in 2019 Q1 according to their latest regulatory filings, with 157 funds opening new positions, 509 increasing their positions, 464 reducing their positions, and 92 closing their positions.
89% more funds holding in top 10
Funds holding in top 10: 19 → 36 (+17)
71% more first-time investments, than exits
New positions opened: 157 | Existing positions closed: 92
33% more call options, than puts
Call options by funds: $795M | Put options by funds: $595M
22% more capital invested
Capital invested by funds: $28.7B → $34.8B (+$6.17B)
4% more funds holding
Funds holding: 1,234 → 1,287 (+53)
10% more repeat investments, than reductions
Existing positions increased: 509 | Existing positions reduced: 464
0.8% more ownership
Funds ownership: 83.3% → 84.1% (+0.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$487M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$237M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$214M |
| 4 |
State Street
Boston,
Massachusetts
|
+$104M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$93.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$514M |
| 2 |
Morgan Stanley
New York
|
-$458M |
| 3 |
JP Morgan Chase
New York
|
-$220M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$200M |
| 5 |
BlackRock
New York
|
-$151M |
TGT Hedge Fund Activity: Q1 2019 in Review
1,287 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2019, worth a combined $34.8B — up 22% from $28.7B a quarter earlier.
Buyers outnumbered sellers: 157 funds opened new TGT positions and 92 closed out — a net gain of 65 holders — while 509 added to existing stakes and 464 trimmed.
The largest buyer was Franklin Resources, adding an estimated $487M. The largest seller was AQR Capital Management, cutting an estimated $514M.
- 1,287 institutional investors held Target (TGT) as of Q1 2019, up from 1,234 in Q4 2018.
- Funds reported $34.8B of Target stock for Q1 2019, up 22% quarter-over-quarter.
- 157 funds opened new Target positions in Q1 2019 and 92 closed out, a net change of +65 holders.
- The largest Target buyer in Q1 2019 was Franklin Resources, an estimated $487M added.
- The largest Target seller in Q1 2019 was AQR Capital Management, an estimated $514M sold.
Based on aggregated 13F filings for Q1 2019.