Targa Resources
TRGP
405 hedge funds and large institutions have $8.9B invested in Targa Resources in 2017 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 163 increasing their positions, 129 reducing their positions, and 49 closing their positions.
169% more call options, than puts
Call options by funds: $138M | Put options by funds: $51.3M
26% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 129
12% more funds holding in top 10
Funds holding in top 10: 17 → 19 (+2)
3% more capital invested
Capital invested by funds: $8.62B → $8.9B (+$287M)
1.15% less ownership
Funds ownership: 88.49% → 87.34% (-1.2%)
4% less funds holding
Funds holding: 422 → 405 (-17)
27% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$65.7M |
| 2 |
PC
PointState Capital
New York
|
+$36.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$36.3M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$25.4M |
| 5 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$24.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$91.3M |
| 2 |
Barclays
London,
United Kingdom
|
-$85.4M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$30.5M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$30.2M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$30.2M |
TRGP Hedge Fund Activity: Q3 2017 in Review
405 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2017, worth a combined $8.9B — up 3.3% from $8.62B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of TRGP and 36 opened new positions — a net loss of 13 holders — while 129 trimmed existing stakes and 163 added.
The largest buyer was Harvest Fund Advisors, adding an estimated $65.7M. The largest seller was Zimmer Partners, cutting an estimated $91.3M.
- 405 institutional investors held Targa Resources (TRGP) as of Q3 2017, down from 422 in Q2 2017.
- Funds reported $8.9B of Targa Resources stock for Q3 2017, up 3.3% quarter-over-quarter.
- 36 funds opened new Targa Resources positions in Q3 2017 and 49 closed out, a net change of -13 holders.
- The largest Targa Resources buyer in Q3 2017 was Harvest Fund Advisors, an estimated $65.7M added.
- The largest Targa Resources seller in Q3 2017 was Zimmer Partners, an estimated $91.3M sold.
Based on aggregated 13F filings for Q3 2017.