Targa Resources
TRGP
380 hedge funds and large institutions have $7.21B invested in Targa Resources in 2016 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 148 increasing their positions, 112 reducing their positions, and 29 closing their positions.
195% more call options, than puts
Call options by funds: $197M | Put options by funds: $66.6M
86% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 29
32% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 112
27% more funds holding in top 10
Funds holding in top 10: 11 → 14 (+3)
23% more capital invested
Capital invested by funds: $5.85B → $7.21B (+$1.36B)
6% more funds holding
Funds holding: 360 → 380 (+20)
2.37% more ownership
Funds ownership: 86.45% → 88.82% (+2.4%)
Top Buyers
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$141M |
| 2 |
O
OppenheimerFunds
New York
|
+$74.8M |
| 3 |
Goldman Sachs
New York
|
+$67.2M |
| 4 |
Millennium Management
New York
|
+$58.6M |
| 5 |
Neuberger Berman Group
New York
|
+$42.4M |
Top Sellers
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$56.2M |
| 2 |
OA
Omega Advisors
New York
|
-$47.3M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$26.4M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$25.8M |
| 5 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$22.9M |
TRGP Hedge Fund Activity: Q3 2016 in Review
380 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2016, worth a combined $7.21B — up 23% from $5.85B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new TRGP positions and 29 closed out — a net gain of 25 holders — while 148 added to existing stakes and 112 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $141M. The largest seller was Alyeska Investment Group, cutting an estimated $56.2M.
- 380 institutional investors held Targa Resources (TRGP) as of Q3 2016, up from 360 in Q2 2016.
- Funds reported $7.21B of Targa Resources stock for Q3 2016, up 23% quarter-over-quarter.
- 54 funds opened new Targa Resources positions in Q3 2016 and 29 closed out, a net change of +25 holders.
- The largest Targa Resources buyer in Q3 2016 was T. Rowe Price Associates, an estimated $141M added.
- The largest Targa Resources seller in Q3 2016 was Alyeska Investment Group, an estimated $56.2M sold.
Based on aggregated 13F filings for Q3 2016.