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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
FWIA
76
Fort Washington Investment Advisors
Ohio
$7.57M -$1.49M -13,000 -19%
BG
77
BlackRock Group
United Kingdom
$7.15M +$110K +960 +2%
PR
78
Payden & Rygel
California
$7.15M -$724K -6,300 -11%
BG
79
Bahl & Gaynor
Ohio
$6.98M -$517K -4,497 -8%
B
80
Baird
Wisconsin
$6.9M +$317K +2,759 +6%
HAI
81
Hennessy Advisors Inc
California
$6.7M -$23K -200 -0.4%
MAA
82
Managed Account Advisors
New Jersey
$5.66M +$1.45M +12,649 +45%
Swiss National Bank
83
Swiss National Bank
Switzerland
$5.63M +$586K +5,100 +14%
Axa
84
Axa
France
$5.58M +$575K +5,000 +14%
MOACM
85
Mutual of America Capital Management
New York
$5.45M +$9.88K +86 +0.2%
OSAM
86
O'Shaughnessy Asset Management
Connecticut
$5.42M +$3.75M +32,599 +524%
BAM
87
Burnham Asset Management
New York
$5.28M +$243K +2,118 +6%
State Board of Administration of Florida Retirement System
88
State Board of Administration of Florida Retirement System
Florida
$4.66M +$446K +3,883 +13%
DILH
89
Dai-ichi Life Holdings
Japan
$4.6M +$1.18M +10,283 +45%
TAM
90
TPH Asset Management
Texas
$4.59M -$1.22M -10,651 -24%
T. Rowe Price Associates
91
T. Rowe Price Associates
Maryland
$4.56M +$2.72M +23,700 +263%
BCM
92
Bridgeway Capital Management
Texas
$4.21M +$3.47M +30,200 New
SIM
93
Spark Investment Management
New York
$4.03M +$1.3M +11,300 +64%
JG
94
Jefferies Group
New York
$3.91M +$3.22M +27,990 New
RhumbLine Advisers
95
RhumbLine Advisers
Massachusetts
$3.9M -$844K -7,344 -21%
State of Wisconsin Investment Board
96
State of Wisconsin Investment Board
Wisconsin
$3.85M +$3.17M +27,580 New
Bank of Montreal
97
Bank of Montreal
Ontario, Canada
$3.57M +$1.08M +9,412 +58%
GCG
98
Giovine Capital Group
California
$3.49M +$2.87M +25,000 New
HM
99
Heronetta Management
New York
$3.47M
PL
100
Parkwood LLC
Ohio
$3.37M +$16K +139 +0.6%

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.