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Targa Resources
TRGP

443 hedge funds and large institutions have $10.3B invested in Targa Resources in 2017 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 190 increasing their positions, 118 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

126% more call options, than puts

Call options by funds: $100M | Put options by funds: $44.3M

61% more repeat investments, than reductions

Existing positions increased: 190 | Existing positions reduced: 118

58% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 43

21% more funds holding in top 10

Funds holding in top 10: 19 → 23 (+4)

15% more capital invested

Capital invested by funds: $8.97B → $10.3B (+$1.35B)

4% more funds holding

Funds holding: 426 → 443 (+17)

0.47% more ownership

Funds ownership: 88.45% → 88.92% (+0.47%)

Holders
443
Holders Change
+17
Holders Change %
+3.99%
% of All Funds
11.03%
Holding in Top 10
23
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+21.05%
% of All Funds
0.57%
New
68
Increased
190
Reduced
118
Closed
43
Calls
$100M
Puts
$44.3M
Net Calls
+$56M
Net Calls Change
+$9.92M

Top Buyers

1
BlackRock
BlackRock
New York
+$567M
2
TCA
Tortoise Capital Advisors
Kansas
+$134M
3
ZP
Zimmer Partners
New York
+$113M
4
Millennium Management
Millennium Management
New York
+$104M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$98.3M

Top Sellers

1
S
Stonepeak
New York
-$428M
2
Deutsche Bank
Deutsche Bank
Germany
-$67.1M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$62.1M
4
PC
PointState Capital
New York
-$50.4M
5
ClearBridge Investments
ClearBridge Investments
New York
-$47.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
EGA
26
Eagle Global Advisors
Texas
$94.5M -$1.1M -19,000 -1%
UBS Group
27
UBS Group
Switzerland
$92.5M +$8.61M +148,217 +11%
BC
28
Brookfield Corp
Ontario, Canada
$91.8M -$2.87M -49,450 -3%
Morgan Stanley
29
Morgan Stanley
New York
$90.9M -$562K -9,677 -0.6%
Geode Capital Management
30
Geode Capital Management
Massachusetts
$88.3M +$11.1M +191,217 +15%
SCM
31
Scopia Capital Management
New York
$88M +$85.3M +1,468,325 New
Fidelity Investments
32
Fidelity Investments
Massachusetts
$84.7M -$32.9M -566,964 -29%
TCIM
33
TIAA CREF Investment Management
New York
$80.4M +$913K +15,727 +1%
RA
34
RR Advisors
Texas
$78.3M +$13.8M +237,000 +22%
DPIM
35
Duff & Phelps Investment Management
Illinois
$76.7M -$145K -2,505 -0.2%
LC
36
LNZ Capital
New York
$65.9M +$63.9M +1,100,000 New
Cohen & Steers
37
Cohen & Steers
New York
$65.2M -$7.59M -130,713 -11%
Northern Trust
38
Northern Trust
Illinois
$64.7M +$6.85M +117,981 +12%
DZ Bank
39
DZ Bank
Germany
$58.8M +$17.4M +299,707 +44%
Point72 Asset Management
40
Point72 Asset Management
Connecticut
$57.6M +$20.7M +356,000 +59%
COPPSERS
41
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$52.4M +$7.97M +137,303 +19%
EIP
42
Energy Income Partners
Connecticut
$51.3M +$13.6M +234,385 +38%
EAM
43
Edge Asset Management
Washington
$50.9M +$2.84M +48,894 +6%
DCM
44
Discovery Capital Management
Connecticut
$47.6M +$29.4M +505,973 +176%
Legal & General Group
45
Legal & General Group
United Kingdom
$46.8M +$36.2M +624,121 +396%
JHIU
46
Janus Henderson Investors US
Colorado
$42.6M +$38.3M +659,400 +1,268%
Russell Investments Group
47
Russell Investments Group
United Kingdom
$39.5M +$5.09M +87,620 +15%
Charles Schwab
48
Charles Schwab
California
$39.4M +$8.18M +140,945 +27%
Swiss National Bank
49
Swiss National Bank
Switzerland
$38.4M +$10.3M +177,500 +38%
ACM
50
Arosa Capital Management
Florida
$35.8M +$6.6M +113,695 +23%
1
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TRGP Hedge Fund Activity: Q1 2017 in Review

443 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2017, worth a combined $10.3B — up 15% from $8.97B a quarter earlier.

Buyers outnumbered sellers: 68 funds opened new TRGP positions and 43 closed out — a net gain of 25 holders — while 190 added to existing stakes and 118 trimmed.

The largest buyer was BlackRock, adding an estimated $567M. The largest seller was Stonepeak, exiting entirely with an estimated $428M sold.

  • 443 institutional investors held Targa Resources (TRGP) as of Q1 2017, up from 426 in Q4 2016.
  • Funds reported $10.3B of Targa Resources stock for Q1 2017, up 15% quarter-over-quarter.
  • 68 funds opened new Targa Resources positions in Q1 2017 and 43 closed out, a net change of +25 holders.
  • The largest Targa Resources buyer in Q1 2017 was BlackRock, an estimated $567M added.
  • The largest Targa Resources seller in Q1 2017 was Stonepeak, an estimated $428M sold.

Based on aggregated 13F filings for Q1 2017.