Targa Resources
TRGP
475 hedge funds and large institutions have $8.8B invested in Targa Resources in 2019 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 179 increasing their positions, 153 reducing their positions, and 67 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 153
14% more capital invested
Capital invested by funds: $7.74B → $8.8B (+$1.06B)
3% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 67
9% less call options, than puts
Call options by funds: $146M | Put options by funds: $161M
1% less funds holding
Funds holding: 480 → 475 (-5)
2.65% less ownership
Funds ownership: 94% → 91.34% (-2.7%)
21% less funds holding in top 10
Funds holding in top 10: 19 → 15 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$145M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$56.1M |
| 3 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$46.5M |
| 4 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$39.1M |
| 5 |
Millennium Management
New York
|
+$36.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$81.4M |
| 2 |
CCM
Chickasaw Capital Management
Memphis,
Tennessee
|
-$54.3M |
| 3 |
PC
PointState Capital
New York
|
-$51.9M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$48.7M |
| 5 |
ZP
Zimmer Partners
New York
|
-$46.7M |
TRGP Hedge Fund Activity: Q1 2019 in Review
475 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2019, worth a combined $8.8B — up 14% from $7.74B a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of TRGP and 65 opened new positions — a net loss of 2 holders — while 153 trimmed existing stakes and 179 added.
The largest buyer was Tortoise Capital Advisors, adding an estimated $145M. The largest seller was Brookfield Corp, cutting an estimated $81.4M.
- 475 institutional investors held Targa Resources (TRGP) as of Q1 2019, down from 480 in Q4 2018.
- Funds reported $8.8B of Targa Resources stock for Q1 2019, up 14% quarter-over-quarter.
- 65 funds opened new Targa Resources positions in Q1 2019 and 67 closed out, a net change of -2 holders.
- The largest Targa Resources buyer in Q1 2019 was Tortoise Capital Advisors, an estimated $145M added.
- The largest Targa Resources seller in Q1 2019 was Brookfield Corp, an estimated $81.4M sold.
Based on aggregated 13F filings for Q1 2019.