Targa Resources
TRGP
254 hedge funds and large institutions have $4.28B invested in Targa Resources in 2014 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 118 increasing their positions, 66 reducing their positions, and 49 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 66
7.29% more ownership
Funds ownership: 79.03% → 86.32% (+7.3%)
4% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 49
2% less funds holding
Funds holding: 260 → 254 (-6)
6% less capital invested
Capital invested by funds: $4.54B → $4.28B (-$259M)
11% less call options, than puts
Call options by funds: $16.3M | Put options by funds: $18.4M
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$89.6M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$81.8M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$73.2M |
| 4 |
Goldman Sachs
New York
|
+$52.2M |
| 5 |
Millennium Management
New York
|
+$47.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$126M |
| 2 |
Jennison Associates
New York
|
-$106M |
| 3 |
AIM
Assured Investment Management
New York
|
-$58M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$46.4M |
| 5 |
Two Sigma Investments
New York
|
-$28.3M |
TRGP Hedge Fund Activity: Q4 2014 in Review
254 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2014, worth a combined $4.28B — down 5.7% from $4.54B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of TRGP and 47 opened new positions — a net loss of 2 holders — while 66 trimmed existing stakes and 118 added.
The largest buyer was Salient Capital Advisors, adding an estimated $89.6M. The largest seller was Fidelity Investments, cutting an estimated $126M.
- 254 institutional investors held Targa Resources (TRGP) as of Q4 2014, down from 260 in Q3 2014.
- Funds reported $4.28B of Targa Resources stock for Q4 2014, down 5.7% quarter-over-quarter.
- 47 funds opened new Targa Resources positions in Q4 2014 and 49 closed out, a net change of -2 holders.
- The largest Targa Resources buyer in Q4 2014 was Salient Capital Advisors, an estimated $89.6M added.
- The largest Targa Resources seller in Q4 2014 was Fidelity Investments, an estimated $126M sold.
Based on aggregated 13F filings for Q4 2014.