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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
ERIM
201
Eagle Ridge Investment Management
Connecticut
$303K
AG
202
Algert Global
California
$303K +$249K +2,170 New
TAM
203
Tocqueville Asset Management
New York
$284K +$233K +2,027 +18,427%
SB
204
Suntrust Banks
Georgia
$279K -$364K -3,166 -61%
B
205
Barings
North Carolina
$279K +$230K +2,000 New
AL
206
Airain Ltd
Guernsey
$273K +$225K +1,954 New
MCM
207
Murphy Capital Management
New Jersey
$272K +$224K +1,950 New
AG
208
Aperio Group
California
$266K +$219K +1,908 New
FIM
209
Fernwood Investment Management
Massachusetts
$265K +$218K +1,900 New
BNP Paribas Financial Markets
210
BNP Paribas Financial Markets
France
$259K +$194K +1,686 +998%
MLM
211
Mount Lucas Management
Pennsylvania
$258K -$64.7K -563 -23%
LPL Financial
212
LPL Financial
California
$257K +$212K +1,844 New
SEC
213
Seven Eight Capital
New York
$251K +$207K +1,800 New
Verition Fund Management
214
Verition Fund Management
Connecticut
$244K +$201K +1,748 New
SWM
215
Segment Wealth Management
Texas
$241K +$198K +1,727 New
SNT
216
Security National Trust
West Virginia
$219K +$7.93K +69 +5%
WAM
217
World Asset Management
Michigan
$213K +$176K +1,527 New
Cambridge Investment Research Advisors
218
Cambridge Investment Research Advisors
Iowa
$209K +$172K +1,498 New
HighTower Advisors
219
HighTower Advisors
Illinois
$203K +$167K +1,453 New
Teacher Retirement System of Texas
220
Teacher Retirement System of Texas
Texas
$192K +$23.6K +205 +17%
Manulife (Manufacturers Life Insurance)
221
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$169K -$2.7M -23,502 -95%
BRWA
222
B. Riley Wealth Advisors
Florida
$160K +$132K +1,145 New
AIG
223
American International Group
New York
$158K -$2.5M -21,719 -95%
Parallax Volatility Advisers
224
Parallax Volatility Advisers
California
$151K +$125K +1,084 New
PTC
225
Private Trust Company
Ohio
$142K +$115 +1 +0.1%

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.