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Targa Resources
TRGP

426 hedge funds and large institutions have $9.55B invested in Targa Resources in 2017 Q4 according to their latest regulatory filings, with 66 funds opening new positions, 140 increasing their positions, 153 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

145% more call options, than puts

Call options by funds: $108M | Put options by funds: $44.1M

65% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 40

7% more capital invested

Capital invested by funds: $8.9B → $9.55B (+$644M)

5% more funds holding

Funds holding: 405 → 426 (+21)

4.16% more ownership

Funds ownership: 87.34% → 91.5% (+4.2%)

0% more funds holding in top 10

Funds holding in top 10: 19 → 19 (0)

8% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 153

Holders
426
Holders Change
+21
Holders Change %
+5.19%
% of All Funds
9.66%
Holding in Top 10
19
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.43%
New
66
Increased
140
Reduced
153
Closed
40
Calls
$108M
Puts
$44.1M
Net Calls
+$64M
Net Calls Change
-$22.6M

Top Buyers

1
Blackstone Inc
Blackstone Inc
New York
+$281M
2
PC
PointState Capital
New York
+$170M
3
BC
Brookfield Corp
Ontario, Canada
+$116M
4
Deutsche Bank
Deutsche Bank
Germany
+$79.4M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$57.9M

Top Sellers

1
ZP
Zimmer Partners
New York
-$87.1M
2
TCIM
TIAA CREF Investment Management
New York
-$55.8M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$33.8M
4
CCCA
Center Coast Capital Advisors
Texas
-$26.4M
5
O
OppenheimerFunds
New York
-$23.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
126
T. Rowe Price Associates
Maryland
$4.24M -$385K -8,607 -9%
BCIM
127
British Columbia Investment Management
British Columbia, Canada
$4.22M +$417K +9,319 +12%
PNC Financial Services Group
128
PNC Financial Services Group
Pennsylvania
$4.21M -$49.6K -1,109 -1%
Macquarie Group
129
Macquarie Group
Australia
$4.06M +$3.51M +78,537 New
DILIC
130
Dai-ichi Life Insurance Company
Japan
$4.06M +$3.75M +83,869 New
CWA
131
Cypress Wealth Advisors
California
$4.06M +$3.53M +78,950 +1,622%
SIC
132
Starr International Company
Switzerland
$4.02M – – –
WPEP
133
Walnut Private Equity Partners
Nebraska
$3.7M -$1.56M -35,000 -30%
Point72 Asset Management
134
Point72 Asset Management
Connecticut
$3.69M -$33.8M -755,600 -91%
STA
135
Summit Trail Advisors
New York
$3.61M +$3.22M +72,037 New
GIBU
136
Gulf International Bank (UK)
United Kingdom
$3.57M – – –
PH
137
Pinnacle Holdings
Oklahoma
$3.55M -$117K -2,628 -3%
Calamos Advisors
138
Calamos Advisors
Illinois
$3.52M +$3.25M +72,605 New
Barclays
139
Barclays
United Kingdom
$3.44M -$850K -19,027 -21%
Bessemer Group
140
Bessemer Group
New Jersey
$3.37M -$194K -4,330 -6%
FNF
141
Fidelity National Financial
Florida
$3.29M – – –
GFP
142
Gryphon Financial Partners
Ohio
$3.24M +$3M +67,014 New
SFM
143
Soros Fund Management
New York
$3.22M -$6.7M -150,000 -69%
DCM
144
Driehaus Capital Management
Illinois
$3.14M +$422K +9,450 +17%
Citigroup
145
Citigroup
New York
$3.13M -$3.68M -82,408 -56%
Fidelity International
146
Fidelity International
Bermuda
$2.97M – – –
AIM
147
Achmea Investment Management
Netherlands
$2.94M +$2.05M +45,752 +304%
Teacher Retirement System of Texas
148
Teacher Retirement System of Texas
Texas
$2.84M -$8.8M -196,890 -77%
NCM
149
Novare Capital Management
North Carolina
$2.8M -$9.7K -217 -0.4%
VOYA Investment Management
150
VOYA Investment Management
Georgia
$2.77M -$595K -13,322 -19%
4 5
6
7 8

TRGP Hedge Fund Activity: Q4 2017 in Review

426 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2017, worth a combined $9.55B — up 7.2% from $8.9B a quarter earlier.

Buyers outnumbered sellers: 66 funds opened new TRGP positions and 40 closed out — a net gain of 26 holders — while 140 added to existing stakes and 153 trimmed.

The largest buyer was Blackstone Inc, adding an estimated $281M. The largest seller was Zimmer Partners, cutting an estimated $87.1M.

  • 426 institutional investors held Targa Resources (TRGP) as of Q4 2017, up from 405 in Q3 2017.
  • Funds reported $9.55B of Targa Resources stock for Q4 2017, up 7.2% quarter-over-quarter.
  • 66 funds opened new Targa Resources positions in Q4 2017 and 40 closed out, a net change of +26 holders.
  • The largest Targa Resources buyer in Q4 2017 was Blackstone Inc, an estimated $281M added.
  • The largest Targa Resources seller in Q4 2017 was Zimmer Partners, an estimated $87.1M sold.

Based on aggregated 13F filings for Q4 2017.