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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$567M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$134M |
| 3 |
ZP
Zimmer Partners
New York
|
+$113M |
| 4 |
Millennium Management
New York
|
+$104M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$98.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
S
Stonepeak
New York
|
-$428M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$67.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$62.1M |
| 4 |
PC
PointState Capital
New York
|
-$50.4M |
| 5 |
ClearBridge Investments
New York
|
-$47.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAM
476
Columbia Asset Management
Ann Arbor,
Michigan
| – | -$107K | -1,911 | Closed |
|
|
JIC
477
Joel Isaacson & Co
New York
| – | -$92K | -1,638 | Closed |
|
|
FNBT
478
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$21K | -372 | Closed |
|
|
SQA
479
Simon Quick Advisors
Morristown,
New Jersey
| – | -$21K | -372 | Closed |
|
|
CB
480
Community Bank
Dewitt,
New York
| – | -$10K | -186 | Closed |
|
|
ACM
481
Armbruster Capital Management
Pittsford,
New York
| – | -$10K | -181 | Closed |
|
482
EARNEST Partners
Atlanta,
Georgia
| – | -$5K | -97 | Closed |
|
|
GWS
483
Glassman Wealth Services
Vienna,
Virginia
| – | -$4K | -69 | Closed |
|
|
BA
484
BCM Advisors
Lafayette,
Louisiana
| – | -$3K | -53 | Closed |
|
|
WTB
485
Washington Trust Bank
Spokane,
Washington
| – | -$1K | -17 | Closed |
|
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.