Targa Resources
TRGP
307 hedge funds and large institutions have $4.67B invested in Targa Resources in 2015 Q1 according to their latest regulatory filings, with 90 funds opening new positions, 142 increasing their positions, 63 reducing their positions, and 36 closing their positions.
150% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 36
125% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 63
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
21% more funds holding
Funds holding: 254 → 307 (+53)
19% more call options, than puts
Call options by funds: $85.2M | Put options by funds: $71.6M
9% more capital invested
Capital invested by funds: $4.28B → $4.67B (+$395M)
7.02% more ownership
Funds ownership: 86.32% → 93.35% (+7%)
Top Buyers
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$224M |
| 2 |
OA
Omega Advisors
New York
|
+$184M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$117M |
| 4 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
+$89.2M |
| 5 |
Bank of New York Mellon
New York
|
+$64.1M |
Top Sellers
| 1 |
ACM
Americafirst Capital Management
Roseville,
California
|
-$420M |
| 2 |
Jennison Associates
New York
|
-$105M |
| 3 |
BAMCO Inc
New York
|
-$36.3M |
| 4 |
Neuberger Berman Group
New York
|
-$34.7M |
| 5 |
ZP
Zimmer Partners
New York
|
-$31.8M |
TRGP Hedge Fund Activity: Q1 2015 in Review
307 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2015, worth a combined $4.67B — up 9.2% from $4.28B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new TRGP positions and 36 closed out — a net gain of 54 holders — while 142 added to existing stakes and 63 trimmed.
The largest buyer was Tortoise Capital Advisors, adding an estimated $224M. The largest seller was Americafirst Capital Management, exiting entirely with an estimated $420M sold.
- 307 institutional investors held Targa Resources (TRGP) as of Q1 2015, up from 254 in Q4 2014.
- Funds reported $4.67B of Targa Resources stock for Q1 2015, up 9.2% quarter-over-quarter.
- 90 funds opened new Targa Resources positions in Q1 2015 and 36 closed out, a net change of +54 holders.
- The largest Targa Resources buyer in Q1 2015 was Tortoise Capital Advisors, an estimated $224M added.
- The largest Targa Resources seller in Q1 2015 was Americafirst Capital Management, an estimated $420M sold.
Based on aggregated 13F filings for Q1 2015.