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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
HB
176
Homrich & Berg
Georgia
$635K
First Manhattan
177
First Manhattan
New York
$628K
MSA
178
Mason Street Advisors
Wisconsin
$596K -$3.53M -30,730 -88%
CA
179
Commerzbank Aktiengesellschaft
Germany
$588K +$484K +4,213 New
Nomura Holdings
180
Nomura Holdings
Japan
$571K -$252K -2,190 -34%
AB
181
Amalgamated Bank
New York
$567K +$78.6K +684 +20%
ClearBridge Investments
182
ClearBridge Investments
New York
$559K +$172K +1,498 +60%
GCP
183
GSA Capital Partners
United Kingdom
$552K +$455K +3,957 New
CAS
184
CTC Alternative Strategies
Illinois
$551K +$454K +3,950 New
SAM
185
Strategy Asset Managers
California
$528K +$44.9K +391 +12%
CIBC World Market
186
CIBC World Market
Ontario, Canada
$510K +$420K +3,654 New
Canada Pension Plan Investment Board
187
Canada Pension Plan Investment Board
Ontario, Canada
$461K +$103K +900 +38%
LCS
188
Levin Capital Strategies
New York
$425K -$573K -4,982 -62%
DFIM
189
Detwiler Fenton Investment Management
Massachusetts
$422K
CBU
190
CIBC Bank USA
Illinois
$388K
Franklin Resources
191
Franklin Resources
California
$371K +$306K +2,660 New
MLICM
192
Metropolitan Life Insurance Company (MetLife)
New York
$364K -$2.7M -23,509 -90%
SFA
193
Sequoia Financial Advisors
Ohio
$364K -$330K -2,868 -52%
Marshall Wace
194
Marshall Wace
United Kingdom
$363K +$299K +2,600 New
Commonwealth Equity Services
195
Commonwealth Equity Services
Massachusetts
$358K -$17K -148 -5%
WMSA
196
Weiss Multi-Strategy Advisers
New York
$343K -$293K -2,550 -51%
TC
197
TradeLink Capital
Illinois
$335K +$276K +2,400 New
CCM
198
Copeland Capital Management
Pennsylvania
$325K -$13.2K -115 -5%
Comerica Bank
199
Comerica Bank
Texas
$321K -$327K -2,845 -55%
Canada Life
200
Canada Life
Manitoba, Canada
$311K

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.