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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
State of Wisconsin Investment Board
76
State of Wisconsin Investment Board
Wisconsin
$11.2M +$6.32M +130,540 +73%
State Board of Administration of Florida Retirement System
77
State Board of Administration of Florida Retirement System
Florida
$10.9M +$908K +18,766 +7%
SSA
78
Schonfeld Strategic Advisors
New York
$10.9M +$14.6M +301,412 New
MF
79
Magnetar Financial
Illinois
$10.8M +$14.5M +300,000 New
MHI
80
Miller Howard Investments
New York
$10.8M +$4.08M +84,302 +39%
CS
81
Credit Suisse
Switzerland
$10.4M +$3.56M +73,480 +34%
VAIA
82
Virtus Alternative Investment Advisers
Connecticut
$10.3M -$1.21M -25,000 -8%
RhumbLine Advisers
83
RhumbLine Advisers
Massachusetts
$10.2M +$2.04M +42,211 +17%
SOAMC
84
Spirit of America Management Corp
New York
$9.92M -$368K -7,600 -3%
APG Asset Management
85
APG Asset Management
Netherlands
$9.89M +$50.4K +1,042 +0.3%
Royal Bank of Canada
86
Royal Bank of Canada
Ontario, Canada
$9.78M +$315K +6,514 +2%
CCM
87
Cadence Capital Management
Massachusetts
$9.7M +$7.69M +158,894 +144%
GC
88
Guggenheim Capital
Illinois
$9.65M +$132K +2,735 +1%
Mitsubishi UFJ Trust & Banking
89
Mitsubishi UFJ Trust & Banking
Japan
$9.64M +$2.61M +54,007 +25%
CCA
90
Catalyst Capital Advisors
New York
$9.64M +$290K +6,000 +2%
Blackstone Inc
91
Blackstone Inc
New York
$9.3M -$12.5M -258,302 -50%
SEI Investments
92
SEI Investments
Pennsylvania
$9.29M – – –
TIS
93
Tortoise Index Solutions
Kansas
$9.13M +$6.17M +127,495 +101%
YCM
94
Yaupon Capital Management
New York
$8.83M +$11.9M +245,183 New
FWIA
95
Fort Washington Investment Advisors
Ohio
$8.79M -$6.15M -127,071 -34%
MBA
96
McQueen Ball & Associates
Pennsylvania
$8.76M – – –
Invesco
97
Invesco
Georgia
$8.21M +$2.4M +49,515 +28%
Barclays
98
Barclays
United Kingdom
$8.11M +$3.63M +75,059 +50%
SCM
99
Stevens Capital Management
Pennsylvania
$8.1M +$10.9M +224,831 New
JG
100
Jefferies Group
New York
$7.99M +$9.71M +200,618 +950%
2 3
4
5 6

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.