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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
426
Holders Change
+21
Holders Change %
+5.19%
% of All Funds
9.66%
Holding in Top 10
19
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.43%
New
66
Increased
140
Reduced
153
Closed
40
Calls
$108M
Puts
$44.1M
Net Calls
+$64M
Net Calls Change
-$22.6M

Top Buyers

1
Blackstone Inc
Blackstone Inc
New York
+$281M
2
PC
PointState Capital
New York
+$170M
3
BC
Brookfield Corp
Ontario, Canada
+$116M
4
Deutsche Bank
Deutsche Bank
Germany
+$79.4M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$57.9M

Top Sellers

1
ZP
Zimmer Partners
New York
-$87.1M
2
TCIM
TIAA CREF Investment Management
New York
-$55.8M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$33.8M
4
CCCA
Center Coast Capital Advisors
Texas
-$26.4M
5
O
OppenheimerFunds
New York
-$23.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
TG
401
TLP Group
Illinois
$4K -$85.6K -1,914 -96%
CAW
402
Cornerstone Advisors (Washington)
Washington
$4K – – –
WA
403
Winfield Associates
Ohio
$4K – – –
HNB
404
Huntington National Bank
Ohio
$4K +$3.53K +79 New
Carson Wealth (CWM LLC)
405
Carson Wealth (CWM LLC)
Nebraska
$3K -$28.8K -645 -92%
EWM
406
Edge Wealth Management
New York
$3K – – –
MIM
407
Macroview Investment Management
Maryland
$3K – – –
VIA
408
Vantage Investment Advisors
Pennsylvania
$3K – – –
UOTTAIMCU
409
University of Texas/Texas AM Investment Management Co (UTIMCO)
Texas
$3K +$2.5K +56 New
Walleye Trading
410
Walleye Trading
New York
$2.06K +$1.9M +42,562 New
RWA
411
Ropes Wealth Advisors
Massachusetts
$2K -$9.7K -217 -85%
RIA
412
RPG Investment Advisory
California
$2K -$268 -6 -15%
CFA
413
Carroll Financial Associates
North Carolina
$2K – – –
AssetMark Inc
414
AssetMark Inc
California
$2K +$1.34K +30 +300%
FGC
415
Financial Gravity Companies
Texas
$2K +$1.65K +37 New
HFP
416
Holistic Financial Partners
Indiana
$2K +$1.97K +44 New
BFEC
417
Benjamin F. Edwards & Company
Missouri
$2K +$2.06K +46 New
AIS
418
Accurate Investment Solutions
Pennsylvania
$1K – – –
BTIS
419
BB&T Investment Services
North Carolina
$1K – – –
OC
420
Oakworth Capital
Alabama
$1K – – –
ED
421
Exane Derivatives
France
$727 +$45 +1 +7%
CHP
422
Castle Hook Partners
New York
– -$16.8M -354,491 Closed
BPGAM
423
BTG Pactual Global Asset Management
Bermuda
– -$10.6M -225,000 Closed
National Pension Service
424
National Pension Service
South Korea
– -$10M -211,024 Closed
LM
425
Luminus Management
Texas
– -$5.74M -121,300 Closed
15 16
17
18 19

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.