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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
480
Holders Change
+13
Holders Change %
+2.78%
% of All Funds
10.7%
Holding in Top 10
19
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-24%
% of All Funds
0.42%
New
100
Increased
178
Reduced
133
Closed
83
Calls
$76.7M
Puts
$127M
Net Calls
-$50.1M
Net Calls Change
-$108M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$64.2M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$60.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$59.4M
4
Renaissance Technologies
Renaissance Technologies
New York
+$53M
5
TCA
Tortoise Capital Advisors
Kansas
+$46.2M

Top Sellers

1
PC
PointState Capital
New York
-$240M
2
ZP
Zimmer Partners
New York
-$196M
3
Jennison Associates
Jennison Associates
New York
-$64.2M
4
Citadel Advisors
Citadel Advisors
Florida
-$54M
5
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$39.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
51
HighTower Advisors
Illinois
$27.1M +$32.4M +668,664 +793%
WC
52
Wexford Capital
Florida
$26.4M +$4.75M +98,235 +15%
Swiss National Bank
53
Swiss National Bank
Switzerland
$26.4M +$1.58M +32,600 +5%
TA
54
Teachers Advisors
New York
$23.3M +$13.7M +282,513 +77%
PWPCM
55
Perella Weinberg Partners Capital Management
New York
$23.3M +$11.6M +239,303 +59%
Balyasny Asset Management
56
Balyasny Asset Management
Illinois
$23M +$14.6M +302,445 +90%
EIP
57
Energy Income Partners
Connecticut
$21.1M +$3.08M +63,576 +12%
Wells Fargo
58
Wells Fargo
California
$20.5M -$706K -14,595 -3%
Massachusetts Financial Services
59
Massachusetts Financial Services
Massachusetts
$20.3M -$11M -226,935 -29%
California Public Employees Retirement System
60
California Public Employees Retirement System
California
$19M +$4.97M +102,783 +24%
Citadel Advisors
61
Citadel Advisors
Florida
$18.9M -$54M -1,116,183 -68%
NMIMC
62
Northwestern Mutual Investment Management Company
Wisconsin
$18M +$6.06M +125,214 +33%
DZ Bank
63
DZ Bank
Germany
$16.8M -$29.2M -602,485 -56%
WHG
64
Westwood Holdings Group
Texas
$15.3M +$1.49M +30,872 +8%
KL
65
KGH Ltd
Bahamas
$15.3M +$14M +289,561 +216%
Russell Investments Group
66
Russell Investments Group
United Kingdom
$15M +$276K +5,703 +1%
WHRC
67
W.H. Reaves & Co
New Jersey
$14.2M +$7.33M +151,519 +63%
Asset Management One
68
Asset Management One
Japan
$14.1M -$260K -5,372 -1%
New York State Common Retirement Fund
69
New York State Common Retirement Fund
New York
$14M -$145K -3,000 -0.8%
PR
70
Payden & Rygel
California
$14M +$7.68M +158,800 +69%
WRF
71
Waddell & Reed Financial
Kansas
$13.4M +$8.35M +172,547 +86%
California State Teachers Retirement System (CalSTRS)
72
California State Teachers Retirement System (CalSTRS)
California
$13.3M -$369K -7,617 -2%
N
73
Nuveen
North Carolina
$12.8M -$8.29M -171,366 -32%
PPA
74
Parametric Portfolio Associates
Washington
$12M +$844K +17,443 +6%
MIM
75
MetLife Investment Management
New Jersey
$11.7M +$4.4M +90,995 +39%
1 2
3
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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.