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Targa Resources
TRGP

441 hedge funds and large institutions have $8.71B invested in Targa Resources in 2018 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 164 increasing their positions, 133 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 46

34% more call options, than puts

Call options by funds: $64.9M | Put options by funds: $48.3M

23% more repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 133

4% more funds holding

Funds holding: 426 → 441 (+15)

0% more funds holding in top 10

Funds holding in top 10: 19 → 19 (0)

0.96% less ownership

Funds ownership: 91.5% → 90.54% (-0.96%)

9% less capital invested

Capital invested by funds: $9.55B → $8.71B (-$836M)

Holders
441
Holders Change
+15
Holders Change %
+3.52%
% of All Funds
10.11%
Holding in Top 10
19
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.44%
New
68
Increased
164
Reduced
133
Closed
46
Calls
$64.9M
Puts
$48.3M
Net Calls
+$16.6M
Net Calls Change
-$47.3M

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$93.9M
2
Millennium Management
Millennium Management
New York
+$70.4M
3
Neuberger Berman Group
Neuberger Berman Group
New York
+$35.1M
4
Goldman Sachs
Goldman Sachs
New York
+$32.8M
5
TCA
Tortoise Capital Advisors
Kansas
+$27M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$299M
2
BC
Brookfield Corp
Ontario, Canada
-$126M
3
SCM
Scopia Capital Management
New York
-$107M
4
Citadel Advisors
Citadel Advisors
Florida
-$32.4M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$22.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
AQR Capital Management
451
AQR Capital Management
Connecticut
– -$521K -10,753 Closed
SIA
452
Starfire Investment Advisers
Michigan
– -$503K -10,378 Closed
BOIA
453
Bush ODonnell Investment Advisors
Missouri
– -$494K -10,195 Closed
Tudor Investment Corp
454
Tudor Investment Corp
Connecticut
– -$475K -9,818 Closed
LFAS
455
Level Four Advisory Services
Texas
– -$458K -9,457 Closed
PL
456
Perpetual Ltd
Australia
– -$449K -9,300 Closed
BFA
457
Benedict Financial Advisors
Georgia
– -$326K -6,740 Closed
VI
458
Versor Investments
New York
– -$270K -5,573 Closed
CGH
459
Crossmark Global Holdings
Texas
– -$269K -5,562 Closed
Truist Financial
460
Truist Financial
North Carolina
– -$248K -5,120 Closed
WIA
461
Westbourne Investment Advisors
Maryland
– -$245K -5,054 Closed
EIM
462
Essex Investment Management
Massachusetts
– -$228K -4,701 Closed
FBT
463
First Bankers Trust
Kentucky
– -$219K -4,533 Closed
GIA
464
Guyasuta Investment Advisors
Pennsylvania
– -$211K -4,360 Closed
QPWM
465
Quadrant Private Wealth Management
Pennsylvania
– -$203K -4,196 Closed
CAG
466
Crestwood Advisors Group
Massachusetts
– -$201K -4,141 Closed
TAF
467
Tredje AP-fonden
Sweden
– -$167K -3,450 Closed
BL
468
Balentine LLC
Georgia
– -$101K -2,087 Closed
PI
469
PineBridge Investments
New York
– -$77K -1,597 Closed
Federated Hermes
470
Federated Hermes
Pennsylvania
– -$74K -1,521 Closed
C
471
Cerebellum
California
– -$67K -1,382 Closed
EWM
472
Evercore Wealth Management
New York
– -$35K -724 Closed
KJWM
473
Kiley Juergens Wealth Management
Washington
– -$31K -651 Closed
ST
474
Smithfield Trust
Pennsylvania
– -$15K -310 Closed
GBT
475
Grove Bank & Trust
Florida
– -$10K -210 Closed
16 17 18
19
20

TRGP Hedge Fund Activity: Q1 2018 in Review

441 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2018, worth a combined $8.71B — down 8.8% from $9.55B a quarter earlier.

Buyers outnumbered sellers: 68 funds opened new TRGP positions and 46 closed out — a net gain of 22 holders — while 164 added to existing stakes and 133 trimmed.

The largest buyer was Deutsche Bank, adding an estimated $93.9M. The largest seller was Blackstone Inc, cutting an estimated $299M.

  • 441 institutional investors held Targa Resources (TRGP) as of Q1 2018, up from 426 in Q4 2017.
  • Funds reported $8.71B of Targa Resources stock for Q1 2018, down 8.8% quarter-over-quarter.
  • 68 funds opened new Targa Resources positions in Q1 2018 and 46 closed out, a net change of +22 holders.
  • The largest Targa Resources buyer in Q1 2018 was Deutsche Bank, an estimated $93.9M added.
  • The largest Targa Resources seller in Q1 2018 was Blackstone Inc, an estimated $299M sold.

Based on aggregated 13F filings for Q1 2018.