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Targa Resources

243 hedge funds and large institutions have $4.8B invested in Targa Resources in 2014 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 80 increasing their positions, 91 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 24

41% more capital invested

Capital invested by funds: $3.41B → $4.8B (+$1.39B)

17% more funds holding in top 10

Funds holding in top 10: 67 (+1)

13% more funds holding

Funds holding: 216243 (+27)

0.05% more ownership

Funds ownership: 81.47%81.52% (+0.05%)

2% less call options, than puts

Call options by funds: $71.7M | Put options by funds: $73.1M

12% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 91

Holders
243
Holders Change
+27
Holders Change %
+12.5%
% of All Funds
6.98%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.2%
New
52
Increased
80
Reduced
91
Closed
24
Calls
$71.7M
Puts
$73.1M
Net Calls
-$1.36M
Net Calls Change
+$28K
Name Holding Trade Value Shares
Change
Change in
Stake
AR
26
Advisory Research
Illinois
$45.2M -$201K -1,745 -0.5%
BFA
27
BlackRock Fund Advisors
California
$41.9M -$67.6M -587,967 -66%
TA
28
Teachers Advisors
New York
$39.2M -$13.6M -118,669 -30%
HFA
29
Harvest Fund Advisors
Pennsylvania
$34.3M -$15.4M -134,376 -35%
TCIM
30
TIAA CREF Investment Management
New York
$32.3M -$18.6M -161,479 -41%
EGA
31
Eagle Global Advisors
Texas
$31.3M -$264K -2,300 -1%
WRF
32
Waddell & Reed Financial
Kansas
$29.8M -$4.34M -37,800 -15%
AL
33
AJO LP
Pennsylvania
$29.6M -$41.2M -358,390 -63%
Deutsche Bank
34
Deutsche Bank
Germany
$29.3M -$2.26M -19,632 -9%
U
35
UBS
Switzerland
$28.8M -$1.98M -17,252 -8%
Dimensional Fund Advisors
36
Dimensional Fund Advisors
Texas
$28M +$4.13M +35,948 +22%
Citigroup
37
Citigroup
New York
$27M +$21.4M +186,117 +2,558%
Bank of America
38
Bank of America
North Carolina
$26.9M +$4.48M +39,006 +25%
TEC
39
Tiger Eye Capital
Tennessee
$25.2M +$20.8M +180,600 New
CCCA
40
Center Coast Capital Advisors
Texas
$24.8M +$20.5M +178,013 New
Barclays
41
Barclays
United Kingdom
$24.4M +$7.26M +63,207 +56%
Wellington Management Group
42
Wellington Management Group
Massachusetts
$22.9M -$5.08M -44,200 -21%
CC
43
Curian Capital
Colorado
$22.5M +$904K +7,862 +5%
Bank of New York Mellon
44
Bank of New York Mellon
New York
$22.2M -$6.06M -52,753 -25%
Geode Capital Management
45
Geode Capital Management
Massachusetts
$20.2M -$881K -7,664 -5%
RJA
46
Raymond James & Associates
Florida
$19.5M +$6.91M +60,162 +75%
Prudential Financial
47
Prudential Financial
New Jersey
$19.1M -$74.4K -647 -0.5%
CPIM
48
Columbia Partners Investment Management
Virginia
$18.4M -$2.48M -21,594 -14%
SC
49
Sculptor Capital
New York
$16.6M +$13.7M +118,921 New
Two Sigma Advisers
50
Two Sigma Advisers
New York
$15.8M +$3.59M +31,200 +38%

TRGP Hedge Fund Activity: Q2 2014 in Review

243 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2014, worth a combined $4.8B — up 41% from $3.41B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new TRGP positions and 24 closed out — a net gain of 28 holders — while 80 added to existing stakes and 91 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $78.5M. The largest seller was BlackRock Fund Advisors, cutting an estimated $67.6M.

  • 243 institutional investors held Targa Resources (TRGP) as of Q2 2014, up from 216 in Q1 2014.
  • Funds reported $4.8B of Targa Resources stock for Q2 2014, up 41% quarter-over-quarter.
  • 52 funds opened new Targa Resources positions in Q2 2014 and 24 closed out, a net change of +28 holders.
  • The largest Targa Resources buyer in Q2 2014 was Fidelity Investments, an estimated $78.5M added.
  • The largest Targa Resources seller in Q2 2014 was BlackRock Fund Advisors, an estimated $67.6M sold.

Based on aggregated 13F filings for Q2 2014.