Targa Resources
TRGP
400 hedge funds and large institutions have $1.38B invested in Targa Resources in 2020 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 152 increasing their positions, 130 reducing their positions, and 119 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 130
5.94% less ownership
Funds ownership: 90.87% → 84.93% (-5.9%)
14% less funds holding
Funds holding: 464 → 400 (-64)
49% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 119
63% less call options, than puts
Call options by funds: $8.51M | Put options by funds: $23M
83% less funds holding in top 10
Funds holding in top 10: 12 → 2 (-10)
84% less capital invested
Capital invested by funds: $8.63B → $1.38B (-$7.25B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$160M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$139M |
| 3 |
Renaissance Technologies
New York
|
+$58.8M |
| 4 |
BPSG
Brookfield Public Securities Group
New York
|
+$48.5M |
| 5 |
CCM
Chickasaw Capital Management
Memphis,
Tennessee
|
+$40.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$306M |
| 2 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
-$67.5M |
| 3 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$64.7M |
| 4 |
Bank of New York Mellon
New York
|
-$58.7M |
| 5 |
Goldman Sachs
New York
|
-$50.9M |
TRGP Hedge Fund Activity: Q1 2020 in Review
400 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2020, worth a combined $1.38B — down 84% from $8.63B a quarter earlier.
Sellers outnumbered buyers: 119 funds closed out of TRGP and 61 opened new positions — a net loss of 58 holders — while 130 trimmed existing stakes and 152 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $160M. The largest seller was Tortoise Capital Advisors, cutting an estimated $306M.
- 400 institutional investors held Targa Resources (TRGP) as of Q1 2020, down from 464 in Q4 2019.
- Funds reported $1.38B of Targa Resources stock for Q1 2020, down 84% quarter-over-quarter.
- 61 funds opened new Targa Resources positions in Q1 2020 and 119 closed out, a net change of -58 holders.
- The largest Targa Resources buyer in Q1 2020 was T. Rowe Price Associates, an estimated $160M added.
- The largest Targa Resources seller in Q1 2020 was Tortoise Capital Advisors, an estimated $306M sold.
Based on aggregated 13F filings for Q1 2020.