Targa Resources
TRGP
437 hedge funds and large institutions have $8.97B invested in Targa Resources in 2019 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 151 increasing their positions, 135 reducing their positions, and 54 closing their positions.
89% more call options, than puts
Call options by funds: $209M | Put options by funds: $110M
12% more repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 135
7% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 54
2% more capital invested
Capital invested by funds: $8.76B → $8.97B (+$210M)
0.06% more ownership
Funds ownership: 96.1% → 96.16% (+0.06%)
1% less funds holding
Funds holding: 440 → 437 (-3)
20% less funds holding in top 10
Funds holding in top 10: 15 → 12 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$63.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$58.3M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$56.4M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$45.4M |
| 5 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$44.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$179M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
-$94.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$72.2M |
| 4 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$58.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$38.4M |
TRGP Hedge Fund Activity: Q3 2019 in Review
437 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2019, worth a combined $8.97B — up 2.4% from $8.76B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new TRGP positions and 54 closed out — a net gain of 4 holders — while 151 added to existing stakes and 135 trimmed.
The largest buyer was Tortoise Capital Advisors, adding an estimated $63.3M. The largest seller was Brookfield Corp, exiting entirely with an estimated $179M sold.
- 437 institutional investors held Targa Resources (TRGP) as of Q3 2019, down from 440 in Q2 2019.
- Funds reported $8.97B of Targa Resources stock for Q3 2019, up 2.4% quarter-over-quarter.
- 58 funds opened new Targa Resources positions in Q3 2019 and 54 closed out, a net change of +4 holders.
- The largest Targa Resources buyer in Q3 2019 was Tortoise Capital Advisors, an estimated $63.3M added.
- The largest Targa Resources seller in Q3 2019 was Brookfield Corp, an estimated $179M sold.
Based on aggregated 13F filings for Q3 2019.