Targa Resources
TRGP
480 hedge funds and large institutions have $7.74B invested in Targa Resources in 2018 Q4 according to their latest regulatory filings, with 100 funds opening new positions, 178 increasing their positions, 133 reducing their positions, and 83 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 133
20% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 83
3% more funds holding
Funds holding: 467 → 480 (+13)
1.74% less ownership
Funds ownership: 95.73% → 94% (-1.7%)
24% less funds holding in top 10
Funds holding in top 10: 25 → 19 (-6)
36% less capital invested
Capital invested by funds: $12.2B → $7.74B (-$4.43B)
39% less call options, than puts
Call options by funds: $76.7M | Put options by funds: $127M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$64.2M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$60.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$59.4M |
| 4 |
Renaissance Technologies
New York
|
+$53M |
| 5 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$46.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
PointState Capital
New York
|
-$240M |
| 2 |
ZP
Zimmer Partners
New York
|
-$196M |
| 3 |
Jennison Associates
New York
|
-$64.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$54M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$39.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LWA
551
Lowe Wealth Advisors
Columbia,
Maryland
| – | -$5K | -95 | Closed |
|
|
TPWA
552
TRUE Private Wealth Advisors
Salem,
Oregon
| – | -$4.45K | -79 | Closed |
|
|
DWM
553
Destination Wealth Management
Walnut Creek,
California
| – | -$4K | -67 | Closed |
|
|
TC
554
Trilogy Capital
Irvine,
California
| – | -$2K | -39 | Closed |
|
|
APP
555
Avantax Planning Partners
Dubuque,
Iowa
| – | -$2K | -37 | Closed |
|
|
TFO
556
Tarbox Family Office
Newport Beach,
California
| – | -$2K | -32 | Closed |
|
557
Parallax Volatility Advisers
San Francisco,
California
| – | +$48 | +1 | New |
|
|
FTI
558
Fiduciary Trust International
Lincoln,
Massachusetts
| – | +$484 | +10 | New |
|
TRGP Hedge Fund Activity: Q4 2018 in Review
480 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2018, worth a combined $7.74B — down 36% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 100 funds opened new TRGP positions and 83 closed out — a net gain of 17 holders — while 178 added to existing stakes and 133 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $64.2M. The largest seller was PointState Capital, cutting an estimated $240M.
- 480 institutional investors held Targa Resources (TRGP) as of Q4 2018, up from 467 in Q3 2018.
- Funds reported $7.74B of Targa Resources stock for Q4 2018, down 36% quarter-over-quarter.
- 100 funds opened new Targa Resources positions in Q4 2018 and 83 closed out, a net change of +17 holders.
- The largest Targa Resources buyer in Q4 2018 was Janus Henderson Group, an estimated $64.2M added.
- The largest Targa Resources seller in Q4 2018 was PointState Capital, an estimated $240M sold.
Based on aggregated 13F filings for Q4 2018.