Targa Resources
TRGP
426 hedge funds and large institutions have $9.55B invested in Targa Resources in 2017 Q4 according to their latest regulatory filings, with 66 funds opening new positions, 140 increasing their positions, 153 reducing their positions, and 40 closing their positions.
145% more call options, than puts
Call options by funds: $108M | Put options by funds: $44.1M
65% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 40
7% more capital invested
Capital invested by funds: $8.9B → $9.55B (+$644M)
5% more funds holding
Funds holding: 405 → 426 (+21)
4.16% more ownership
Funds ownership: 87.34% → 91.5% (+4.2%)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
8% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 153
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
+$281M |
| 2 |
PC
PointState Capital
New York
|
+$170M |
| 3 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$116M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$79.4M |
| 5 |
Bank of New York Mellon
New York
|
+$57.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$87.1M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
-$55.8M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$33.8M |
| 4 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
-$26.4M |
| 5 |
O
OppenheimerFunds
New York
|
-$23.1M |
TRGP Hedge Fund Activity: Q4 2017 in Review
426 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2017, worth a combined $9.55B — up 7.2% from $8.9B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new TRGP positions and 40 closed out — a net gain of 26 holders — while 140 added to existing stakes and 153 trimmed.
The largest buyer was Blackstone Inc, adding an estimated $281M. The largest seller was Zimmer Partners, cutting an estimated $87.1M.
- 426 institutional investors held Targa Resources (TRGP) as of Q4 2017, up from 405 in Q3 2017.
- Funds reported $9.55B of Targa Resources stock for Q4 2017, up 7.2% quarter-over-quarter.
- 66 funds opened new Targa Resources positions in Q4 2017 and 40 closed out, a net change of +26 holders.
- The largest Targa Resources buyer in Q4 2017 was Blackstone Inc, an estimated $281M added.
- The largest Targa Resources seller in Q4 2017 was Zimmer Partners, an estimated $87.1M sold.
Based on aggregated 13F filings for Q4 2017.