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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
CM
101
Castleark Management
Illinois
$3.34M
LMGAM
102
Liberty Mutual Group Asset Management
Massachusetts
$3.22M
ST
103
Spot Trading
Illinois
$3.21M +$817K +7,108 +45%
AllianceBernstein
104
AllianceBernstein
Tennessee
$3.2M -$5.06M -44,058 -66%
SG Americas Securities
105
SG Americas Securities
New York
$3.04M +$2.5M +21,790 New
CAM
106
Cypress Asset Management
Texas
$3M -$107K -930 -4%
SAM
107
Symphony Asset Management
California
$2.94M -$705K -6,136 -23%
WPEP
108
Walnut Private Equity Partners
Nebraska
$2.87M
QBFM
109
QS Batterymarch Financial Management
New York
$2.85M -$218K -1,900 -9%
DCM
110
Driehaus Capital Management
Illinois
$2.8M -$5.02M -43,667 -69%
HT
111
HighTower Trust
Texas
$2.79M -$720K -6,268 -24%
Stifel Financial
112
Stifel Financial
Missouri
$2.78M -$1.39M -12,063 -38%
AAM
113
Advisors Asset Management
Colorado
$2.77M +$380K +3,305 +20%
CCMH
114
Cornerstone Capital Management Holdings
New York
$2.7M -$466K -4,051 -17%
VOYA Investment Management
115
VOYA Investment Management
Georgia
$2.68M +$321K +2,791 +17%
FIM
116
Friedberg Investment Management
Texas
$2.67M
UBS AM
117
UBS AM
Illinois
$2.65M +$391K +3,400 +22%
AAMU
118
Amundi Asset Management US
Massachusetts
$2.65M +$880K +7,655 +68%
JIM
119
Jupiter Investment Management
United Kingdom
$2.61M +$2.15M +18,700 New
AA
120
ALPS Advisors
Colorado
$2.53M +$452K +3,934 +28%
BlackRock
121
BlackRock
New York
$2.4M -$1.08M -9,399 -35%
Cohen & Steers
122
Cohen & Steers
New York
$2.34M +$819K +7,122 +74%
FFSOTS
123
Fiduciary Financial Services of The Southwest
Texas
$2.33M +$232K +2,020 +14%
D.E. Shaw & Co
124
D.E. Shaw & Co
New York
$2.14M +$1.76M +15,313 New
MCM
125
Matarin Capital Management
New York
$2.13M +$157K +1,370 +10%

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.