Targa Resources
TRGP
440 hedge funds and large institutions have $8.76B invested in Targa Resources in 2019 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 154 increasing their positions, 156 reducing their positions, and 71 closing their positions.
30% more call options, than puts
Call options by funds: $159M | Put options by funds: $123M
4.76% more ownership
Funds ownership: 91.34% → 96.1% (+4.8%)
0% more funds holding in top 10
Funds holding in top 10: 15 → 15 (0)
0% less capital invested
Capital invested by funds: $8.8B → $8.76B (-$34.7M)
1% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 156
7% less funds holding
Funds holding: 475 → 440 (-35)
41% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$371M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$298M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$164M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$95.1M |
| 5 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$65.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$70.6M |
| 2 |
ZP
Zimmer Partners
New York
|
-$59.9M |
| 3 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$42.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$26.9M |
| 5 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$26.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIA
501
Alera Investment Advisors
Deerfield,
Illinois
| – | -$4K | -85 | Closed |
|
|
OFW
502
Omnia Family Wealth
Aventura,
Florida
| – | -$3K | -81 | Closed |
|
|
ONST
503
Old North State Trust
Greensboro,
North Carolina
| – | -$2K | -64 | Closed |
|
|
GWMIA
504
Global Wealth Management Investment Advisory
Fort Lauderdale,
Florida
| – | -$3K | -62 | Closed |
|
|
CQS
505
Credential Qtrade Securities
Vancouver,
| – | -$1.58K | -38 | Closed |
|
|
ED
506
Exane Derivatives
Paris,
France
| – | -$498 | -12 | Closed |
|
|
HNB
507
Huntington National Bank
Columbus,
Ohio
| – | +$40 | +1 | New |
|
508
Parallax Volatility Advisers
San Francisco,
California
| – | +$40 | +1 | New |
|
TRGP Hedge Fund Activity: Q2 2019 in Review
440 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2019, worth a combined $8.76B — down 0.39% from $8.8B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of TRGP and 42 opened new positions — a net loss of 29 holders — while 156 trimmed existing stakes and 154 added.
The largest buyer was Invesco, adding an estimated $371M. The largest seller was Millennium Management, exiting entirely with an estimated $70.6M sold.
- 440 institutional investors held Targa Resources (TRGP) as of Q2 2019, down from 475 in Q1 2019.
- Funds reported $8.76B of Targa Resources stock for Q2 2019, down 0.39% quarter-over-quarter.
- 42 funds opened new Targa Resources positions in Q2 2019 and 71 closed out, a net change of -29 holders.
- The largest Targa Resources buyer in Q2 2019 was Invesco, an estimated $371M added.
- The largest Targa Resources seller in Q2 2019 was Millennium Management, an estimated $70.6M sold.
Based on aggregated 13F filings for Q2 2019.