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Targa Resources

254 hedge funds and large institutions have $4.28B invested in Targa Resources in 2014 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 118 increasing their positions, 66 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 66

7.29% more ownership

Funds ownership: 79.03%86.32% (+7.3%)

4% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 49

2% less funds holding

Funds holding: 260254 (-6)

6% less capital invested

Capital invested by funds: $4.54B → $4.28B (-$259M)

11% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $18.4M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
254
Holders Change
-6
Holders Change %
-2.31%
% of All Funds
6.78%
Holding in Top 10
4
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-55.56%
% of All Funds
0.11%
New
47
Increased
118
Reduced
66
Closed
49
Calls
$16.3M
Puts
$18.4M
Net Calls
-$2.1M
Net Calls Change
+$1.75M
Name Holding Trade Value Shares
Change
Change in
Stake
GCG
101
Giovine Capital Group
California
$3.75M -$539K -4,657 -12%
AQR Capital Management
102
AQR Capital Management
Connecticut
$3.51M +$197K +1,700 +5%
GACM
103
Green Arrow Capital Management
New York
$3.48M +$3.8M +32,782 New
State of Wisconsin Investment Board
104
State of Wisconsin Investment Board
Wisconsin
$3.12M +$194K +1,680 +6%
TAM
105
TPH Asset Management
Texas
$3.1M -$5.19M -44,847 -61%
RhumbLine Advisers
106
RhumbLine Advisers
Massachusetts
$2.99M +$13.9K +120 +0.4%
PPA
107
Parametric Portfolio Associates
Washington
$2.94M -$2.23M -19,257 -41%
Axa
108
Axa
France
$2.92M -$1.45M -12,500 -31%
VOYA Investment Management
109
VOYA Investment Management
Georgia
$2.88M +$942K +8,140 +43%
Capital Fund Management (CFM)
110
Capital Fund Management (CFM)
France
$2.84M -$717K -6,190 -19%
Cohen & Steers
111
Cohen & Steers
New York
$2.79M +$1.04M +9,015 +52%
BCM
112
Bridgeway Capital Management
Texas
$2.74M
FWIA
113
Fort Washington Investment Advisors
Ohio
$2.69M
HM
114
Heronetta Management
New York
$2.69M +$57.9K +500 +2%
CIMLRA
115
CBRE Investment Management Listed Real Assets
Pennsylvania
$2.67M +$2.34M +20,200 +410%
GC
116
Guggenheim Capital
Illinois
$2.55M +$1.99M +17,177 +249%
ST
117
Spot Trading
Illinois
$2.51M +$2.73M +23,622 +168,729%
AllianceBernstein
118
AllianceBernstein
Tennessee
$2.43M -$23.2K -200 -0.9%
MLICM
119
Metropolitan Life Insurance Company (MetLife)
New York
$2.4M +$2.32M +20,070 +775%
CM
120
Castleark Management
Illinois
$2.29M -$264K -2,280 -10%
AAM
121
Advisors Asset Management
Colorado
$2.29M +$49K +423 +2%
UBS AM
122
UBS AM
Illinois
$2.28M +$116K +1,000 +5%
WPEP
123
Walnut Private Equity Partners
Nebraska
$2.23M -$347K -3,000 -13%
AAMU
124
Amundi Asset Management US
Massachusetts
$2.19M +$124K +1,073 +5%
QI
125
QS Investors
New York
$2.19M +$2.39M +20,645 New

TRGP Hedge Fund Activity: Q4 2014 in Review

254 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2014, worth a combined $4.28B — down 5.7% from $4.54B a quarter earlier.

Sellers outnumbered buyers: 49 funds closed out of TRGP and 47 opened new positions — a net loss of 2 holders — while 66 trimmed existing stakes and 118 added.

The largest buyer was Salient Capital Advisors, adding an estimated $89.6M. The largest seller was Fidelity Investments, cutting an estimated $126M.

  • 254 institutional investors held Targa Resources (TRGP) as of Q4 2014, down from 260 in Q3 2014.
  • Funds reported $4.28B of Targa Resources stock for Q4 2014, down 5.7% quarter-over-quarter.
  • 47 funds opened new Targa Resources positions in Q4 2014 and 49 closed out, a net change of -2 holders.
  • The largest Targa Resources buyer in Q4 2014 was Salient Capital Advisors, an estimated $89.6M added.
  • The largest Targa Resources seller in Q4 2014 was Fidelity Investments, an estimated $126M sold.

Based on aggregated 13F filings for Q4 2014.