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Targa Resources
TRGP

443 hedge funds and large institutions have $10.3B invested in Targa Resources in 2017 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 190 increasing their positions, 118 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

126% more call options, than puts

Call options by funds: $100M | Put options by funds: $44.3M

61% more repeat investments, than reductions

Existing positions increased: 190 | Existing positions reduced: 118

58% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 43

21% more funds holding in top 10

Funds holding in top 10: 19 → 23 (+4)

15% more capital invested

Capital invested by funds: $8.97B → $10.3B (+$1.35B)

4% more funds holding

Funds holding: 426 → 443 (+17)

0.47% more ownership

Funds ownership: 88.45% → 88.92% (+0.47%)

Holders
443
Holders Change
+17
Holders Change %
+3.99%
% of All Funds
11.03%
Holding in Top 10
23
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+21.05%
% of All Funds
0.57%
New
68
Increased
190
Reduced
118
Closed
43
Calls
$100M
Puts
$44.3M
Net Calls
+$56M
Net Calls Change
+$9.92M

Top Buyers

1
BlackRock
BlackRock
New York
+$567M
2
TCA
Tortoise Capital Advisors
Kansas
+$134M
3
ZP
Zimmer Partners
New York
+$113M
4
Millennium Management
Millennium Management
New York
+$104M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$98.3M

Top Sellers

1
S
Stonepeak
New York
-$428M
2
Deutsche Bank
Deutsche Bank
Germany
-$67.1M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$62.1M
4
PC
PointState Capital
New York
-$50.4M
5
ClearBridge Investments
ClearBridge Investments
New York
-$47.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
76
California Public Employees Retirement System
California
$15.1M -$743K -12,800 -5%
MLICM
77
Metropolitan Life Insurance Company (MetLife)
New York
$14.8M +$601K +10,343 +4%
GC
78
Guggenheim Capital
Illinois
$14.6M -$523K -9,014 -4%
State Board of Administration of Florida Retirement System
79
State Board of Administration of Florida Retirement System
Florida
$14M +$143K +2,468 +1%
First Trust Advisors
80
First Trust Advisors
Illinois
$13.9M -$19.6M -337,855 -59%
SA
81
SL Advisors
New Jersey
$13.6M +$2.33M +40,095 +21%
Wells Fargo
82
Wells Fargo
California
$13.6M +$1.45M +24,907 +12%
Canada Pension Plan Investment Board
83
Canada Pension Plan Investment Board
Ontario, Canada
$13.6M +$8.32M +143,300 +172%
Invesco
84
Invesco
Georgia
$13.5M -$3.25M -56,052 -20%
Ameriprise
85
Ameriprise
Minnesota
$12.9M +$205K +3,524 +2%
GCC
86
Guardian Capital (Canada)
Ontario, Canada
$12.6M +$12.3M +211,131 New
CCA
87
Catalyst Capital Advisors
New York
$12.2M +$2.35M +40,513 +25%
TC
88
Teilinger Capital
Texas
$12.2M +$11.8M +202,965 New
PPA
89
Parametric Portfolio Associates
Washington
$12.1M +$530K +9,127 +5%
Capital Fund Management (CFM)
90
Capital Fund Management (CFM)
France
$12.1M +$10.2M +175,166 +666%
RhumbLine Advisers
91
RhumbLine Advisers
Massachusetts
$12M +$1.34M +23,024 +13%
GAMA
92
Graticule Asia Macro Advisors
New York
$11.5M +$11.1M +192,000 New
B
93
Barings
North Carolina
$11.5M +$5.57M +95,987 +100%
MHI
94
Miller Howard Investments
New York
$11.4M +$7.49K +129 +0.1%
CVSCT
95
C.V. Starr & Co Trust
New York
$11.3M – – –
Royal Bank of Canada
96
Royal Bank of Canada
Ontario, Canada
$11.3M +$3.14M +54,005 +40%
SCM
97
SIR Capital Management
New York
$11.2M -$4M -68,900 -27%
WMSA
98
Weiss Multi-Strategy Advisers
New York
$11.1M +$10.7M +185,000 New
KBC Group
99
KBC Group
Belgium
$11M +$9.82M +169,118 +1,226%
National Pension Service
100
National Pension Service
South Korea
$10.9M +$10.7M +184,412 New
2 3
4
5 6

TRGP Hedge Fund Activity: Q1 2017 in Review

443 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2017, worth a combined $10.3B — up 15% from $8.97B a quarter earlier.

Buyers outnumbered sellers: 68 funds opened new TRGP positions and 43 closed out — a net gain of 25 holders — while 190 added to existing stakes and 118 trimmed.

The largest buyer was BlackRock, adding an estimated $567M. The largest seller was Stonepeak, exiting entirely with an estimated $428M sold.

  • 443 institutional investors held Targa Resources (TRGP) as of Q1 2017, up from 426 in Q4 2016.
  • Funds reported $10.3B of Targa Resources stock for Q1 2017, up 15% quarter-over-quarter.
  • 68 funds opened new Targa Resources positions in Q1 2017 and 43 closed out, a net change of +25 holders.
  • The largest Targa Resources buyer in Q1 2017 was BlackRock, an estimated $567M added.
  • The largest Targa Resources seller in Q1 2017 was Stonepeak, an estimated $428M sold.

Based on aggregated 13F filings for Q1 2017.