Targa Resources
TRGP
441 hedge funds and large institutions have $8.71B invested in Targa Resources in 2018 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 164 increasing their positions, 133 reducing their positions, and 46 closing their positions.
48% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 46
34% more call options, than puts
Call options by funds: $64.9M | Put options by funds: $48.3M
23% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 133
4% more funds holding
Funds holding: 426 → 441 (+15)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
0.96% less ownership
Funds ownership: 91.5% → 90.54% (-0.96%)
9% less capital invested
Capital invested by funds: $9.55B → $8.71B (-$836M)
Top Buyers
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$93.9M |
| 2 |
Millennium Management
New York
|
+$70.4M |
| 3 |
Neuberger Berman Group
New York
|
+$35.1M |
| 4 |
Goldman Sachs
New York
|
+$32.8M |
| 5 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$27M |
Top Sellers
| 1 |
Blackstone Inc
New York
|
-$299M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$126M |
| 3 |
SCM
Scopia Capital Management
New York
|
-$107M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$32.4M |
| 5 |
Bank of New York Mellon
New York
|
-$22.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBHC
476
Brown Brothers Harriman & Co
New York
| – | -$8K | -170 | Closed |
|
|
HNB
477
Huntington National Bank
Columbus,
Ohio
| – | -$4K | -79 | Closed |
|
|
WA
478
Winfield Associates
Cleveland,
Ohio
| – | -$4K | -65 | Closed |
|
|
UOTTAIMCU
479
University of Texas/Texas AM Investment Management Co (UTIMCO)
Austin,
Texas
| – | -$3K | -56 | Closed |
|
|
BFEC
480
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$2K | -46 | Closed |
|
481
AssetMark Inc
Concord,
California
| – | -$2K | -40 | Closed |
|
|
FGC
482
Financial Gravity Companies
Lakeway,
Texas
| – | -$2K | -37 | Closed |
|
|
GWS
483
Glassman Wealth Services
Vienna,
Virginia
| – | +$238 | +5 | +83% |
|
TRGP Hedge Fund Activity: Q1 2018 in Review
441 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2018, worth a combined $8.71B — down 8.8% from $9.55B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new TRGP positions and 46 closed out — a net gain of 22 holders — while 164 added to existing stakes and 133 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $93.9M. The largest seller was Blackstone Inc, cutting an estimated $299M.
- 441 institutional investors held Targa Resources (TRGP) as of Q1 2018, up from 426 in Q4 2017.
- Funds reported $8.71B of Targa Resources stock for Q1 2018, down 8.8% quarter-over-quarter.
- 68 funds opened new Targa Resources positions in Q1 2018 and 46 closed out, a net change of +22 holders.
- The largest Targa Resources buyer in Q1 2018 was Deutsche Bank, an estimated $93.9M added.
- The largest Targa Resources seller in Q1 2018 was Blackstone Inc, an estimated $299M sold.
Based on aggregated 13F filings for Q1 2018.