Targa Resources
TRGP
185 hedge funds and large institutions have $2.41B invested in Targa Resources in 2013 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 90 increasing their positions, 53 reducing their positions, and 31 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 53
41% more call options, than puts
Call options by funds: $16.5M | Put options by funds: $11.7M
14% more capital invested
Capital invested by funds: $2.11B → $2.41B (+$302M)
1.4% more ownership
Funds ownership: 76.66% → 78.06% (+1.4%)
6% less funds holding
Funds holding: 197 → 185 (-12)
32% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 31
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
Top Buyers
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$41.1M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$33.2M |
| 3 |
Goldman Sachs
New York
|
+$21.3M |
| 4 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$18.6M |
| 5 |
Millennium Management
New York
|
+$13.4M |
Top Sellers
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$18.2M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
-$14.3M |
| 3 |
Morgan Stanley
New York
|
-$12.1M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$8.29M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
-$8.07M |
TRGP Hedge Fund Activity: Q3 2013 in Review
185 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2013, worth a combined $2.41B — up 14% from $2.11B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of TRGP and 21 opened new positions — a net loss of 10 holders — while 53 trimmed existing stakes and 90 added.
The largest buyer was Brookfield Corp, adding an estimated $41.1M. The largest seller was T. Rowe Price Associates, cutting an estimated $18.2M.
- 185 institutional investors held Targa Resources (TRGP) as of Q3 2013, down from 197 in Q2 2013.
- Funds reported $2.41B of Targa Resources stock for Q3 2013, up 14% quarter-over-quarter.
- 21 funds opened new Targa Resources positions in Q3 2013 and 31 closed out, a net change of -10 holders.
- The largest Targa Resources buyer in Q3 2013 was Brookfield Corp, an estimated $41.1M added.
- The largest Targa Resources seller in Q3 2013 was T. Rowe Price Associates, an estimated $18.2M sold.
Based on aggregated 13F filings for Q3 2013.