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Targa Resources

254 hedge funds and large institutions have $4.28B invested in Targa Resources in 2014 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 118 increasing their positions, 66 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 66

7.29% more ownership

Funds ownership: 79.03%86.32% (+7.3%)

4% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 49

2% less funds holding

Funds holding: 260254 (-6)

6% less capital invested

Capital invested by funds: $4.54B → $4.28B (-$259M)

11% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $18.4M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
254
Holders Change
-6
Holders Change %
-2.31%
% of All Funds
6.78%
Holding in Top 10
4
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-55.56%
% of All Funds
0.11%
New
47
Increased
118
Reduced
66
Closed
49
Calls
$16.3M
Puts
$18.4M
Net Calls
-$2.1M
Net Calls Change
+$1.75M
Name Holding Trade Value Shares
Change
Change in
Stake
Prudential Financial
51
Prudential Financial
New Jersey
$13.1M +$2.67M +23,100 +23%
DCM
52
Driehaus Capital Management
Illinois
$13M +$14.2M +123,031 New
Two Sigma Advisers
53
Two Sigma Advisers
New York
$12.9M -$8.47M -73,200 -38%
Hudson Bay Capital Management
54
Hudson Bay Capital Management
Connecticut
$12.8M -$46.4M -400,940 -77%
T. Rowe Price Associates
55
T. Rowe Price Associates
Maryland
$12.7M +$1.48M +12,800 +12%
MCM
56
MAI Capital Management
Ohio
$11.6M +$539K +4,659 +4%
WHG
57
Westwood Holdings Group
Texas
$10.6M +$11.5M +99,748 New
Jacobs Levy Equity Management
58
Jacobs Levy Equity Management
New Jersey
$10.3M +$11.3M +97,452 New
GA
59
Geneva Advisors
Illinois
$9.54M -$2.78M -23,982 -21%
RFC
60
Russell Frank Company
Washington
$9.37M -$811K -7,007 -7%
NC
61
NBW Capital
Massachusetts
$9.26M +$5.02M +43,340 +99%
AL
62
AJO LP
Pennsylvania
$8.88M -$46.3K -400 -0.5%
Charles Schwab
63
Charles Schwab
California
$8.34M +$391K +3,375 +4%
CCMH
64
Cornerstone Capital Management Holdings
New York
$8.26M +$1.1M +9,499 +14%
Deutsche Bank
65
Deutsche Bank
Germany
$8.24M +$3.7M +31,947 +70%
PNC Financial Services Group
66
PNC Financial Services Group
Pennsylvania
$8.01M +$229K +1,979 +3%
Asset Management One
67
Asset Management One
Japan
$7.86M -$1.15M -9,947 -12%
GXMC
68
Global X Management Company
New York
$7.51M +$2.14M +18,494 +35%
California State Teachers Retirement System (CalSTRS)
69
California State Teachers Retirement System (CalSTRS)
California
$7.46M +$80.8K +698 +1%
AAM
70
Aureus Asset Management
Massachusetts
$7.43M -$1.3M -11,215 -14%
CPIM
71
Columbia Partners Investment Management
Virginia
$7.16M -$4.62M -39,869 -37%
Bank of America
72
Bank of America
North Carolina
$7.06M -$2.36M -20,348 -23%
SCM
73
SeaStone Capital Management
New York
$6.55M +$7.15M +61,742 New
California Public Employees Retirement System
74
California Public Employees Retirement System
California
$6.44M +$382K +3,300 +5%
Royal Bank of Canada
75
Royal Bank of Canada
Ontario, Canada
$6.42M -$10.8M -93,098 -61%

TRGP Hedge Fund Activity: Q4 2014 in Review

254 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2014, worth a combined $4.28B — down 5.7% from $4.54B a quarter earlier.

Sellers outnumbered buyers: 49 funds closed out of TRGP and 47 opened new positions — a net loss of 2 holders — while 66 trimmed existing stakes and 118 added.

The largest buyer was Salient Capital Advisors, adding an estimated $89.6M. The largest seller was Fidelity Investments, cutting an estimated $126M.

  • 254 institutional investors held Targa Resources (TRGP) as of Q4 2014, down from 260 in Q3 2014.
  • Funds reported $4.28B of Targa Resources stock for Q4 2014, down 5.7% quarter-over-quarter.
  • 47 funds opened new Targa Resources positions in Q4 2014 and 49 closed out, a net change of -2 holders.
  • The largest Targa Resources buyer in Q4 2014 was Salient Capital Advisors, an estimated $89.6M added.
  • The largest Targa Resources seller in Q4 2014 was Fidelity Investments, an estimated $126M sold.

Based on aggregated 13F filings for Q4 2014.