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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
185
Holders Change
-12
Holders Change %
-6.09%
% of All Funds
6%
Holding in Top 10
5
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-44.44%
% of All Funds
0.16%
New
21
Increased
90
Reduced
53
Closed
31
Calls
$16.5M
Puts
$11.7M
Net Calls
+$4.81M
Net Calls Change
-$24.4M

Top Buyers

1
BC
Brookfield Corp
Ontario, Canada
+$41.1M
2
KACA
Kayne Anderson Capital Advisors
California
+$33.2M
3
Goldman Sachs
Goldman Sachs
New York
+$21.3M
4
SCA
Salient Capital Advisors
Texas
+$18.6M
5
Millennium Management
Millennium Management
New York
+$13.4M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$18.2M
2
CC
Carlson Capital
Texas
-$14.3M
3
Morgan Stanley
Morgan Stanley
New York
-$12.1M
4
Deutsche Bank
Deutsche Bank
Germany
-$8.29M
5
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
-$8.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
GEM
76
Global Endowment Management
North Carolina
$3.08M +$1.76M +25,480 +153%
RFC
77
Russell Frank Company
Washington
$2.89M -$239K -3,465 -8%
JP Morgan Chase
78
JP Morgan Chase
New York
$2.88M +$626K +9,068 +30%
MOACM
79
Mutual of America Capital Management
New York
$2.8M -$543K -7,864 -17%
PPA
80
Parametric Portfolio Associates
Washington
$2.79M -$723K -10,471 -21%
Axa
81
Axa
France
$2.77M +$2.62M +38,000 New
Royal Bank of Canada
82
Royal Bank of Canada
Ontario, Canada
$2.76M +$757K +10,959 +41%
HT
83
HighTower Trust
Texas
$2.66M +$877K +12,700 +54%
BAM
84
Burnham Asset Management
New York
$2.62M +$78.7K +1,140 +3%
RhumbLine Advisers
85
RhumbLine Advisers
Massachusetts
$2.6M -$62.5K -905 -2%
Commonwealth Equity Services
86
Commonwealth Equity Services
Massachusetts
$2.35M +$110K +1,598 +5%
State Board of Administration of Florida Retirement System
87
State Board of Administration of Florida Retirement System
Florida
$2.17M +$9.67K +140 +0.5%
Swiss National Bank
88
Swiss National Bank
Switzerland
$1.99M -$104K -1,500 -5%
QBFM
89
QS Batterymarch Financial Management
New York
$1.93M -$6.15M -89,068 -77%
NFA
90
Nationwide Fund Advisors
Ohio
$1.91M +$203K +2,940 +13%
MLICM
91
Metropolitan Life Insurance Company (MetLife)
New York
$1.91M – – –
DILH
92
Dai-ichi Life Holdings
Japan
$1.86M -$69.1K -1,001 -4%
Balyasny Asset Management
93
Balyasny Asset Management
Illinois
$1.82M +$1.73M +25,000 New
AIG
94
American International Group
New York
$1.63M +$144K +2,089 +10%
MAA
95
Managed Account Advisors
New Jersey
$1.63M +$37.3K +540 +2%
CAM
96
Cypress Asset Management
Texas
$1.63M -$110K -1,586 -7%
SIM
97
Spark Investment Management
New York
$1.52M – – –
ProShare Advisors
98
ProShare Advisors
Maryland
$1.52M +$132K +1,912 +10%
HHAM
99
HITE Hedge Asset Management
Massachusetts
$1.48M -$6.92M -100,177 -83%
BC
100
Beaconlight Capital
New York
$1.46M – – –
2 3
4
5 6

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.