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Targa Resources

254 hedge funds and large institutions have $4.28B invested in Targa Resources in 2014 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 118 increasing their positions, 66 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 66

7.29% more ownership

Funds ownership: 79.03%86.32% (+7.3%)

4% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 49

2% less funds holding

Funds holding: 260254 (-6)

6% less capital invested

Capital invested by funds: $4.54B → $4.28B (-$259M)

11% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $18.4M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
254
Holders Change
-6
Holders Change %
-2.31%
% of All Funds
6.78%
Holding in Top 10
4
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-55.56%
% of All Funds
0.11%
New
47
Increased
118
Reduced
66
Closed
49
Calls
$16.3M
Puts
$18.4M
Net Calls
-$2.1M
Net Calls Change
+$1.75M
Name Holding Trade Value Shares
Change
Change in
Stake
BFA
26
BlackRock Fund Advisors
California
$40.9M +$4.27M +36,885 +11%
TA
27
Teachers Advisors
New York
$35.7M +$1.64M +14,188 +4%
CS
28
Credit Suisse
Switzerland
$34.9M +$4.09M +35,321 +12%
O
29
OppenheimerFunds
New York
$34M +$31.2M +269,155 +528%
ZP
30
Zimmer Partners
New York
$31.8M -$17.1M -147,386 -33%
EGA
31
Eagle Global Advisors
Texas
$31.6M +$8.75M +75,600 +34%
Barclays
32
Barclays
United Kingdom
$30.5M +$17.5M +151,065 +111%
WRF
33
Waddell & Reed Financial
Kansas
$27.4M +$4.41M +38,110 +17%
Norges Bank
34
Norges Bank
Norway
$23.9M -$4.05M -35,019 -13%
Dimensional Fund Advisors
35
Dimensional Fund Advisors
Texas
$22M -$239K -2,065 -1%
CC
36
Carlson Capital
Texas
$21.9M +$23.9M +206,275 New
Massachusetts Financial Services
37
Massachusetts Financial Services
Massachusetts
$21.1M +$19.9M +171,774 +641%
TCIM
38
TIAA CREF Investment Management
New York
$21M -$5.86M -50,624 -20%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$20.2M +$625K +5,400 +3%
UBS Group
40
UBS Group
Switzerland
$19.9M +$21.7M +187,291 New
RJA
41
Raymond James & Associates
Florida
$19.4M +$2.86M +24,740 +16%
Wellington Management Group
42
Wellington Management Group
Massachusetts
$17.5M +$3.13M +27,052 +20%
Wells Fargo
43
Wells Fargo
California
$17.5M +$7.05M +60,897 +58%
Citigroup
44
Citigroup
New York
$16.3M -$8.39M -72,504 -32%
ACI
45
AMP Capital Investors
Australia
$15.9M +$8.25M +71,299 +92%
Geode Capital Management
46
Geode Capital Management
Massachusetts
$15.7M +$335K +2,898 +2%
Balyasny Asset Management
47
Balyasny Asset Management
Illinois
$13.8M +$15.1M +130,256 New
CC
48
Curian Capital
Colorado
$13.8M -$4.38M -37,811 -23%
MHI
49
Miller Howard Investments
New York
$13.4M +$1.41M +12,214 +11%
N
50
Nuveen
North Carolina
$13.3M +$835K +7,211 +6%

TRGP Hedge Fund Activity: Q4 2014 in Review

254 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2014, worth a combined $4.28B — down 5.7% from $4.54B a quarter earlier.

Sellers outnumbered buyers: 49 funds closed out of TRGP and 47 opened new positions — a net loss of 2 holders — while 66 trimmed existing stakes and 118 added.

The largest buyer was Salient Capital Advisors, adding an estimated $89.6M. The largest seller was Fidelity Investments, cutting an estimated $126M.

  • 254 institutional investors held Targa Resources (TRGP) as of Q4 2014, down from 260 in Q3 2014.
  • Funds reported $4.28B of Targa Resources stock for Q4 2014, down 5.7% quarter-over-quarter.
  • 47 funds opened new Targa Resources positions in Q4 2014 and 49 closed out, a net change of -2 holders.
  • The largest Targa Resources buyer in Q4 2014 was Salient Capital Advisors, an estimated $89.6M added.
  • The largest Targa Resources seller in Q4 2014 was Fidelity Investments, an estimated $126M sold.

Based on aggregated 13F filings for Q4 2014.