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Targa Resources

400 hedge funds and large institutions have $1.38B invested in Targa Resources in 2020 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 152 increasing their positions, 130 reducing their positions, and 119 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 152 | Existing positions reduced: 130

5.94% less ownership

Funds ownership: 90.87%84.93% (-5.9%)

14% less funds holding

Funds holding: 464400 (-64)

49% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 119

63% less call options, than puts

Call options by funds: $8.51M | Put options by funds: $23M

83% less funds holding in top 10

Funds holding in top 10: 122 (-10)

84% less capital invested

Capital invested by funds: $8.63B → $1.38B (-$7.25B)

Holders
400
Holders Change
-64
Holders Change %
-13.79%
% of All Funds
8.81%
Holding in Top 10
2
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-83.33%
% of All Funds
0.04%
New
61
Increased
152
Reduced
130
Closed
119
Calls
$8.51M
Puts
$23M
Net Calls
-$14.5M
Net Calls Change
-$57.6M
Name Holding Trade Value Shares
Change
Change in
Stake
PAM
426
PVG Asset Management
Colorado
-$566K -13,863 Closed
FCH
427
Freestone Capital Holdings
Washington
-$534 -13,084 Closed
SM
428
Sciencast Management
New Jersey
-$497K -12,368 Closed
MYAM
429
Meiji Yasuda Asset Management
Japan
-$490K -11,990 Closed
Luther King Capital Management (LKCM)
430
Luther King Capital Management (LKCM)
Texas
-$469K -11,486 Closed
CIBC Asset Management
431
CIBC Asset Management
Ontario, Canada
-$467K -11,437 Closed
EA
432
Emerald Advisers
Pennsylvania
-$432K -10,577 Closed
AIA
433
Avalon Investment & Advisory
Texas
-$432K -10,569 Closed
RJT
434
Raymond James Trust
Florida
-$428K -10,493 Closed
Coatue Management
435
Coatue Management
New York
-$420K -10,294 Closed
Brown Advisory
436
Brown Advisory
Maryland
-$419K -10,256 Closed
SB
437
Simmons Bank
Arkansas
-$408K -10,000 Closed
QIM
438
Quantitative Investment Management
Virginia
-$403K -9,894 Closed
P
439
&Partners
Tennessee
-$384K -9,507 Closed
CAM
440
Centre Asset Management
New York
-$375K -9,182 Closed
Nordea Investment Management
441
Nordea Investment Management
Sweden
-$365K -9,002 Closed
BA
442
Bristlecone Advisors
Washington
-$365K -8,939 Closed
SPC
443
Sigma Planning Corp
Michigan
-$363K -8,892 Closed
GAM
444
Gould Asset Management
California
-$358K -8,773 Closed
LW
445
Linscomb Wealth
Texas
-$357K -8,749 Closed
WAM
446
World Asset Management
Michigan
-$347K -8,497 Closed
RAM
447
Roanoke Asset Management
New Jersey
-$338K -8,282 Closed
PTP
448
Platform Technology Partners
New York
-$331K -8,095 Closed
Fiera Capital (Canada)
449
Fiera Capital (Canada)
Quebec, Canada
-$313K -7,669 Closed
BB
450
Busey Bank
Illinois
-$308K -7,544 Closed

TRGP Hedge Fund Activity: Q1 2020 in Review

400 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2020, worth a combined $1.38B — down 84% from $8.63B a quarter earlier.

Sellers outnumbered buyers: 119 funds closed out of TRGP and 61 opened new positions — a net loss of 58 holders — while 130 trimmed existing stakes and 152 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $160M. The largest seller was Tortoise Capital Advisors, cutting an estimated $306M.

  • 400 institutional investors held Targa Resources (TRGP) as of Q1 2020, down from 464 in Q4 2019.
  • Funds reported $1.38B of Targa Resources stock for Q1 2020, down 84% quarter-over-quarter.
  • 61 funds opened new Targa Resources positions in Q1 2020 and 119 closed out, a net change of -58 holders.
  • The largest Targa Resources buyer in Q1 2020 was T. Rowe Price Associates, an estimated $160M added.
  • The largest Targa Resources seller in Q1 2020 was Tortoise Capital Advisors, an estimated $306M sold.

Based on aggregated 13F filings for Q1 2020.