Target
TGT
2,057 hedge funds and large institutions have $66.1B invested in Target in 2024 Q1 according to their latest regulatory filings, with 265 funds opening new positions, 757 increasing their positions, 787 reducing their positions, and 136 closing their positions.
95% more first-time investments, than exits
New positions opened: 265 | Existing positions closed: 136
65% more funds holding in top 10
Funds holding in top 10: 20 → 33 (+13)
26% more capital invested
Capital invested by funds: $52.5B → $66.1B (+$13.6B)
5% more funds holding
Funds holding: 1,953 → 2,057 (+104)
1.07% more ownership
Funds ownership: 79.77% → 80.84% (+1.1%)
4% less repeat investments, than reductions
Existing positions increased: 757 | Existing positions reduced: 787
13% less call options, than puts
Call options by funds: $3.09B | Put options by funds: $3.55B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$482M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$391M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$359M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$289M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$181M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$286M |
| 2 |
JP Morgan Chase
New York
|
-$245M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$171M |
| 4 |
PF
Phoenix Financial
Givatayim,
Israel
|
-$144M |
| 5 |
Jane Street
New York
|
-$126M |
TGT Hedge Fund Activity: Q1 2024 in Review
2,057 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2024, worth a combined $66.1B — up 26% from $52.5B a quarter earlier.
Buyers outnumbered sellers: 265 funds opened new TGT positions and 136 closed out — a net gain of 129 holders — while 757 added to existing stakes and 787 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $482M. The largest seller was State Street, cutting an estimated $286M.
- 2,057 institutional investors held Target (TGT) as of Q1 2024, up from 1,953 in Q4 2023.
- Funds reported $66.1B of Target stock for Q1 2024, up 26% quarter-over-quarter.
- 265 funds opened new Target positions in Q1 2024 and 136 closed out, a net change of +129 holders.
- The largest Target buyer in Q1 2024 was Victory Capital Management, an estimated $482M added.
- The largest Target seller in Q1 2024 was State Street, an estimated $286M sold.
Based on aggregated 13F filings for Q1 2024.