Targa Resources
TRGP
385 hedge funds and large institutions have $6.2B invested in Targa Resources in 2021 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 113 increasing their positions, 144 reducing their positions, and 42 closing their positions.
48% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 42
21% more capital invested
Capital invested by funds: $5.12B → $6.2B (+$1.08B)
5% more funds holding
Funds holding: 368 → 385 (+17)
3% more call options, than puts
Call options by funds: $43.1M | Put options by funds: $41.6M
0.8% more ownership
Funds ownership: 84.73% → 85.53% (+0.8%)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
22% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 144
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$106M |
| 2 |
ZP
Zimmer Partners
New York
|
+$95.8M |
| 3 |
Jennison Associates
New York
|
+$61.3M |
| 4 |
BlackRock
New York
|
+$57.4M |
| 5 |
Cohen & Steers
New York
|
+$39.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$70.7M |
| 2 |
Millennium Management
New York
|
-$56M |
| 3 |
CCM
Chickasaw Capital Management
Memphis,
Tennessee
|
-$45.2M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$38.6M |
| 5 |
Holocene Advisors
New York
|
-$36.8M |
TRGP Hedge Fund Activity: Q1 2021 in Review
385 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2021, worth a combined $6.2B — up 21% from $5.12B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new TRGP positions and 42 closed out — a net gain of 20 holders — while 113 added to existing stakes and 144 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $106M. The largest seller was T. Rowe Price Associates, cutting an estimated $70.7M.
- 385 institutional investors held Targa Resources (TRGP) as of Q1 2021, up from 368 in Q4 2020.
- Funds reported $6.2B of Targa Resources stock for Q1 2021, up 21% quarter-over-quarter.
- 62 funds opened new Targa Resources positions in Q1 2021 and 42 closed out, a net change of +20 holders.
- The largest Targa Resources buyer in Q1 2021 was Deutsche Bank, an estimated $106M added.
- The largest Targa Resources seller in Q1 2021 was T. Rowe Price Associates, an estimated $70.7M sold.
Based on aggregated 13F filings for Q1 2021.