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Targa Resources

243 hedge funds and large institutions have $4.8B invested in Targa Resources in 2014 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 80 increasing their positions, 91 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 24

41% more capital invested

Capital invested by funds: $3.41B → $4.8B (+$1.39B)

17% more funds holding in top 10

Funds holding in top 10: 67 (+1)

13% more funds holding

Funds holding: 216243 (+27)

0.05% more ownership

Funds ownership: 81.47%81.52% (+0.05%)

2% less call options, than puts

Call options by funds: $71.7M | Put options by funds: $73.1M

12% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 91

Holders
243
Holders Change
+27
Holders Change %
+12.5%
% of All Funds
6.98%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.2%
New
52
Increased
80
Reduced
91
Closed
24
Calls
$71.7M
Puts
$73.1M
Net Calls
-$1.36M
Net Calls Change
+$28K
Name Holding Trade Value Shares
Change
Change in
Stake
GA
51
Geneva Advisors
Illinois
$15M +$901K +7,841 +8%
MCM
52
MAI Capital Management
Ohio
$14.9M -$182K -1,580 -1%
Royal Bank of Canada
53
Royal Bank of Canada
Ontario, Canada
$14.5M +$7.35M +63,930 +161%
Wells Fargo
54
Wells Fargo
California
$14.2M +$1.74M +15,158 +18%
Asset Management One
55
Asset Management One
Japan
$13.7M -$188K -1,634 -2%
MHI
56
Miller Howard Investments
New York
$13.6M +$1.39M +12,072 +14%
ACI
57
AMP Capital Investors
Australia
$13.1M +$483K +4,200 +5%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$12.4M -$1.21M -10,510 -11%
RFC
59
Russell Frank Company
Washington
$12.1M -$3.42M -29,784 -26%
HCM
60
Highline Capital Management
New York
$11.7M +$9.67M +84,163 New
Susquehanna International Group
61
Susquehanna International Group
Pennsylvania
$11.2M +$9.2M +80,089 New
Massachusetts Financial Services
62
Massachusetts Financial Services
Massachusetts
$11.1M +$3.12M +27,110 +52%
AAM
63
Aureus Asset Management
Massachusetts
$10.8M -$1.15K -10 -0%
Two Sigma Investments
64
Two Sigma Investments
New York
$10.3M +$3.8M +33,085 +81%
FAM
65
Fred Alger Management
New York
$10.2M +$8.44M +73,394 New
Charles Schwab
66
Charles Schwab
California
$10.2M -$5.49M -47,741 -39%
PP
67
Paloma Partners
Connecticut
$10.2M +$8.39M +73,001 New
Invesco
68
Invesco
Georgia
$9.96M -$39.7M -345,710 -83%
N
69
Nuveen
North Carolina
$9.77M -$564K -4,911 -7%
California State Teachers Retirement System (CalSTRS)
70
California State Teachers Retirement System (CalSTRS)
California
$9.61M +$1.03M +9,000 +15%
California Public Employees Retirement System
71
California Public Employees Retirement System
California
$9.25M +$425K +3,700 +6%
NC
72
NBW Capital
Massachusetts
$8.43M -$5.82M -50,655 -46%
AQR Capital Management
73
AQR Capital Management
Connecticut
$8.29M +$4.75M +41,300 +228%
YCM
74
Yorkville Capital Management
New York
$7.79M +$195K +1,696 +3%
GXMC
75
Global X Management Company
New York
$7.64M +$2.86M +24,881 +83%

TRGP Hedge Fund Activity: Q2 2014 in Review

243 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2014, worth a combined $4.8B — up 41% from $3.41B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new TRGP positions and 24 closed out — a net gain of 28 holders — while 80 added to existing stakes and 91 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $78.5M. The largest seller was BlackRock Fund Advisors, cutting an estimated $67.6M.

  • 243 institutional investors held Targa Resources (TRGP) as of Q2 2014, up from 216 in Q1 2014.
  • Funds reported $4.8B of Targa Resources stock for Q2 2014, up 41% quarter-over-quarter.
  • 52 funds opened new Targa Resources positions in Q2 2014 and 24 closed out, a net change of +28 holders.
  • The largest Targa Resources buyer in Q2 2014 was Fidelity Investments, an estimated $78.5M added.
  • The largest Targa Resources seller in Q2 2014 was BlackRock Fund Advisors, an estimated $67.6M sold.

Based on aggregated 13F filings for Q2 2014.