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Targa Resources
TRGP

380 hedge funds and large institutions have $7.21B invested in Targa Resources in 2016 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 148 increasing their positions, 112 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

195% more call options, than puts

Call options by funds: $197M | Put options by funds: $66.6M

86% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 29

32% more repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 112

27% more funds holding in top 10

Funds holding in top 10: 11 → 14 (+3)

23% more capital invested

Capital invested by funds: $5.85B → $7.21B (+$1.36B)

6% more funds holding

Funds holding: 360 → 380 (+20)

2.37% more ownership

Funds ownership: 86.45% → 88.82% (+2.4%)

Holders
380
Holders Change
+20
Holders Change %
+5.56%
% of All Funds
10.14%
Holding in Top 10
14
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+27.27%
% of All Funds
0.37%
New
54
Increased
148
Reduced
112
Closed
29
Calls
$197M
Puts
$66.6M
Net Calls
+$130M
Net Calls Change
+$22.1M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$141M
2
O
OppenheimerFunds
New York
+$74.8M
3
Goldman Sachs
Goldman Sachs
New York
+$67.2M
4
Millennium Management
Millennium Management
New York
+$58.6M
5
Neuberger Berman Group
Neuberger Berman Group
New York
+$42.4M

Top Sellers

1
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$56.2M
2
OA
Omega Advisors
New York
-$47.3M
3
SFM
Systematic Financial Management
New Jersey
-$26.4M
4
HFA
Harvest Fund Advisors
Pennsylvania
-$25.8M
5
BC
Brookfield Corp
Ontario, Canada
-$22.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSS
176
Cubist Systematic Strategies
Connecticut
$1.51M +$852K +19,623 +176%
Prudential Financial
177
Prudential Financial
New Jersey
$1.5M -$426K -9,800 -24%
SBIA
178
Sheaff Brock Investment Advisors
Indiana
$1.48M – – –
TG
179
TCW Group
California
$1.45M -$2.27M -52,221 -64%
IA
180
IFP Advisors
Florida
$1.41M +$105K +2,419 +9%
URS
181
Utah Retirement Systems
Utah
$1.39M – – –
M&T Bank
182
M&T Bank
New York
$1.38M -$87.1K -2,005 -7%
Pacer Advisors
183
Pacer Advisors
Pennsylvania
$1.36M +$86.5K +1,993 +8%
Nordea Investment Management
184
Nordea Investment Management
Sweden
$1.35M +$526K +12,109 +79%
SCA
185
Secor Capital Advisors
New York
$1.27M +$907K +20,889 +417%
NIT
186
NumerixS Investment Technologies
British Columbia, Canada
$1.26M +$567K +13,052 +104%
VKH
187
Virtu KCG Holdings
New York
$1.25M +$325K +7,485 +42%
LA
188
LVW Advisors
New York
$1.24M +$61.9K +1,425 +6%
PP
189
Paloma Partners
Connecticut
$1.2M -$535K -12,311 -34%
CIA
190
Capital Impact Advisors
Massachusetts
$1.17M +$1.04M +23,900 New
Mitsubishi UFJ Trust & Banking
191
Mitsubishi UFJ Trust & Banking
Japan
$1.17M +$210K +4,829 +25%
MC
192
Miles Capital
Iowa
$1.17M +$1.03M +23,719 New
EGM
193
Engineers Gate Manager
New York
$1.16M -$1.35M -31,000 -57%
CCM
194
Cadence Capital Management
Massachusetts
$1.16M +$53.5K +1,232 +5%
DIA
195
Denver Investment Advisors
Colorado
$1.16M – – –
MI
196
Montage Investments
Kansas
$1.15M +$1.02M +23,399 New
CPIG
197
Chicago Partners Investment Group
Illinois
$1.14M +$14.5K +335 +1%
WHRC
198
W.H. Reaves & Co
New Jersey
$1.13M +$999K +23,000 New
MFW
199
Mosaic Family Wealth
Missouri
$1.12M -$2.17K -50 -0.2%
HCM
200
Hilton Capital Management
New York
$1.08M -$188K -4,340 -16%
6 7
8
9 10

TRGP Hedge Fund Activity: Q3 2016 in Review

380 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2016, worth a combined $7.21B — up 23% from $5.85B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new TRGP positions and 29 closed out — a net gain of 25 holders — while 148 added to existing stakes and 112 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $141M. The largest seller was Alyeska Investment Group, cutting an estimated $56.2M.

  • 380 institutional investors held Targa Resources (TRGP) as of Q3 2016, up from 360 in Q2 2016.
  • Funds reported $7.21B of Targa Resources stock for Q3 2016, up 23% quarter-over-quarter.
  • 54 funds opened new Targa Resources positions in Q3 2016 and 29 closed out, a net change of +25 holders.
  • The largest Targa Resources buyer in Q3 2016 was T. Rowe Price Associates, an estimated $141M added.
  • The largest Targa Resources seller in Q3 2016 was Alyeska Investment Group, an estimated $56.2M sold.

Based on aggregated 13F filings for Q3 2016.