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Targa Resources

400 hedge funds and large institutions have $1.38B invested in Targa Resources in 2020 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 152 increasing their positions, 130 reducing their positions, and 119 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 152 | Existing positions reduced: 130

5.94% less ownership

Funds ownership: 90.87%84.93% (-5.9%)

14% less funds holding

Funds holding: 464400 (-64)

49% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 119

63% less call options, than puts

Call options by funds: $8.51M | Put options by funds: $23M

83% less funds holding in top 10

Funds holding in top 10: 122 (-10)

84% less capital invested

Capital invested by funds: $8.63B → $1.38B (-$7.25B)

Holders
400
Holders Change
-64
Holders Change %
-13.79%
% of All Funds
8.81%
Holding in Top 10
2
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-83.33%
% of All Funds
0.04%
New
61
Increased
152
Reduced
130
Closed
119
Calls
$8.51M
Puts
$23M
Net Calls
-$14.5M
Net Calls Change
-$57.6M
Name Holding Trade Value Shares
Change
Change in
Stake
PPA
26
Parametric Portfolio Associates
Washington
$11.3M +$35.8M +1,203,102 +281%
CIBC Private Wealth Group
27
CIBC Private Wealth Group
Georgia
$11M -$42.7M -1,438,065 -47%
Massachusetts Financial Services
28
Massachusetts Financial Services
Massachusetts
$10.9M +$1.25M +41,982 +3%
Northern Trust
29
Northern Trust
Illinois
$10.7M +$1.34M +45,186 +3%
Morgan Stanley
30
Morgan Stanley
New York
$10.7M -$18.3M -616,880 -29%
COPPSERS
31
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$10M -$16.9M -569,468 -28%
N
32
Nuveen
North Carolina
$9.45M -$16M -537,468 -28%
S
33
Seeyond
France
$9.12M -$2.32K -78 -0.8%
Mirae Asset Global Investments
34
Mirae Asset Global Investments
South Korea
$9.02M +$4.99M +167,762 +15%
Charles Schwab
35
Charles Schwab
California
$8.63M +$1.25M +41,984 +3%
Wells Fargo
36
Wells Fargo
California
$8.52M -$26.9M -906,524 -42%
Holocene Advisors
37
Holocene Advisors
New York
$8.4M -$13.7M -461,624 -28%
Bank of America
38
Bank of America
North Carolina
$8.09M -$15.5M -520,686 -31%
RA
39
RR Advisors
Texas
$8.01M -$50.8M -1,710,000 -60%
DPIM
40
Duff & Phelps Investment Management
Illinois
$7.51M -$18.3M -616,819 -36%
UBS AM
41
UBS AM
Illinois
$6.51M +$2.43M +81,686 +9%
Swiss National Bank
42
Swiss National Bank
Switzerland
$6.24M +$5.04M +169,400 +23%
Sumitomo Mitsui Trust Group
43
Sumitomo Mitsui Trust Group
Japan
$6.22M +$751K +25,274 +3%
APG Asset Management
44
APG Asset Management
Netherlands
$6.17M +$1.75M +58,900 +7%
Russell Investments Group
45
Russell Investments Group
United Kingdom
$5.33M -$3.84M -129,046 -14%
DBC
46
Deep Basin Capital
Connecticut
$5.26M +$1.13M +38,030 +5%
GT
47
Glenmede Trust
Pennsylvania
$5.26M
Millennium Management
48
Millennium Management
New York
$5.13M -$12.2M -411,467 -36%
HighTower Advisors
49
HighTower Advisors
Illinois
$5.05M -$3.13M -105,458 -13%
Balyasny Asset Management
50
Balyasny Asset Management
Illinois
$4.51M +$15.3M +515,710 +378%

TRGP Hedge Fund Activity: Q1 2020 in Review

400 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2020, worth a combined $1.38B — down 84% from $8.63B a quarter earlier.

Sellers outnumbered buyers: 119 funds closed out of TRGP and 61 opened new positions — a net loss of 58 holders — while 130 trimmed existing stakes and 152 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $160M. The largest seller was Tortoise Capital Advisors, cutting an estimated $306M.

  • 400 institutional investors held Targa Resources (TRGP) as of Q1 2020, down from 464 in Q4 2019.
  • Funds reported $1.38B of Targa Resources stock for Q1 2020, down 84% quarter-over-quarter.
  • 61 funds opened new Targa Resources positions in Q1 2020 and 119 closed out, a net change of -58 holders.
  • The largest Targa Resources buyer in Q1 2020 was T. Rowe Price Associates, an estimated $160M added.
  • The largest Targa Resources seller in Q1 2020 was Tortoise Capital Advisors, an estimated $306M sold.

Based on aggregated 13F filings for Q1 2020.