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Targa Resources
TRGP

441 hedge funds and large institutions have $8.71B invested in Targa Resources in 2018 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 164 increasing their positions, 133 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 46

34% more call options, than puts

Call options by funds: $64.9M | Put options by funds: $48.3M

23% more repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 133

4% more funds holding

Funds holding: 426 → 441 (+15)

0% more funds holding in top 10

Funds holding in top 10: 19 → 19 (0)

0.96% less ownership

Funds ownership: 91.5% → 90.54% (-0.96%)

9% less capital invested

Capital invested by funds: $9.55B → $8.71B (-$836M)

Holders
441
Holders Change
+15
Holders Change %
+3.52%
% of All Funds
10.11%
Holding in Top 10
19
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.44%
New
68
Increased
164
Reduced
133
Closed
46
Calls
$64.9M
Puts
$48.3M
Net Calls
+$16.6M
Net Calls Change
-$47.3M

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$93.9M
2
Millennium Management
Millennium Management
New York
+$70.4M
3
Neuberger Berman Group
Neuberger Berman Group
New York
+$35.1M
4
Goldman Sachs
Goldman Sachs
New York
+$32.8M
5
TCA
Tortoise Capital Advisors
Kansas
+$27M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$299M
2
BC
Brookfield Corp
Ontario, Canada
-$126M
3
SCM
Scopia Capital Management
New York
-$107M
4
Citadel Advisors
Citadel Advisors
Florida
-$32.4M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$22.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Point72 Asset Management
51
Point72 Asset Management
Connecticut
$25M +$23.4M +491,566 +644%
HCMT
52
Highland Capital Management (Texas)
Texas
$24.6M -$1.39M -29,093 -5%
Balyasny Asset Management
53
Balyasny Asset Management
Illinois
$24M -$3.45M -72,511 -12%
N
54
Nuveen
North Carolina
$22.5M -$1.16M -24,263 -5%
PWPCM
55
Perella Weinberg Partners Capital Management
New York
$21.7M +$23.4M +492,280 New
WHG
56
Westwood Holdings Group
Texas
$20.9M +$1.22M +25,664 +6%
Mitsubishi UFJ Trust & Banking
57
Mitsubishi UFJ Trust & Banking
Japan
$20.4M -$1.22M -25,531 -5%
New York State Common Retirement Fund
58
New York State Common Retirement Fund
New York
$20.3M -$548K -11,500 -2%
M&T Bank
59
M&T Bank
New York
$19M +$798K +16,752 +4%
California Public Employees Retirement System
60
California Public Employees Retirement System
California
$18.4M -$960K -20,155 -5%
AIM
61
Artemis Investment Management
United Kingdom
$17.2M +$18.6M +390,108 New
TA
62
Teachers Advisors
New York
$16.6M -$702K -14,745 -4%
Fidelity Investments
63
Fidelity Investments
Massachusetts
$16M +$17.1M +359,261 +7,563%
Asset Management One
64
Asset Management One
Japan
$16M -$68.6K -1,440 -0.4%
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$15.8M -$513K -10,766 -3%
AMH
66
Apollo Management Holdings
New York
$14.6M +$15.8M +330,783 New
TAM
67
Tocqueville Asset Management
New York
$14.5M +$26.9K +565 +0.2%
GC
68
Guggenheim Capital
Illinois
$14.4M -$422K -8,857 -3%
Allianz Asset Management
69
Allianz Asset Management
Germany
$14.3M +$1.27M +26,598 +9%
Franklin Resources
70
Franklin Resources
California
$13.7M +$319K +6,700 +2%
FWIA
71
Fort Washington Investment Advisors
Ohio
$13.5M -$1.48M -31,109 -9%
PPA
72
Parametric Portfolio Associates
Washington
$13.3M +$2.19M +45,953 +18%
BCM
73
Brigade Capital Management
New York
$13.2M +$14.3M +300,047 New
Russell Investments Group
74
Russell Investments Group
United Kingdom
$12.6M +$3.98M +83,618 +41%
SOAMC
75
Spirit of America Management Corp
New York
$12.6M +$966K +20,280 +8%
1 2
3
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TRGP Hedge Fund Activity: Q1 2018 in Review

441 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2018, worth a combined $8.71B — down 8.8% from $9.55B a quarter earlier.

Buyers outnumbered sellers: 68 funds opened new TRGP positions and 46 closed out — a net gain of 22 holders — while 164 added to existing stakes and 133 trimmed.

The largest buyer was Deutsche Bank, adding an estimated $93.9M. The largest seller was Blackstone Inc, cutting an estimated $299M.

  • 441 institutional investors held Targa Resources (TRGP) as of Q1 2018, up from 426 in Q4 2017.
  • Funds reported $8.71B of Targa Resources stock for Q1 2018, down 8.8% quarter-over-quarter.
  • 68 funds opened new Targa Resources positions in Q1 2018 and 46 closed out, a net change of +22 holders.
  • The largest Targa Resources buyer in Q1 2018 was Deutsche Bank, an estimated $93.9M added.
  • The largest Targa Resources seller in Q1 2018 was Blackstone Inc, an estimated $299M sold.

Based on aggregated 13F filings for Q1 2018.