Targa Resources
TRGP
205 hedge funds and large institutions have $3.01B invested in Targa Resources in 2013 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 69 increasing their positions, 76 reducing their positions, and 17 closing their positions.
124% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 17
55% more call options, than puts
Call options by funds: $16.3M | Put options by funds: $10.5M
25% more capital invested
Capital invested by funds: $2.41B → $3.01B (+$592M)
11% more funds holding
Funds holding: 185 → 205 (+20)
2.49% more ownership
Funds ownership: 78.06% → 80.55% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
9% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
+$32.8M |
| 2 |
Goldman Sachs
New York
|
+$26M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$22.6M |
| 4 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$20.3M |
| 5 |
AIM
Assured Investment Management
New York
|
+$18.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$33.2M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$22.3M |
| 3 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$11.6M |
| 4 |
Renaissance Technologies
New York
|
-$11M |
| 5 |
Citigroup
New York
|
-$8.8M |
TRGP Hedge Fund Activity: Q4 2013 in Review
205 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2013, worth a combined $3.01B — up 25% from $2.41B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new TRGP positions and 17 closed out — a net gain of 21 holders — while 69 added to existing stakes and 76 trimmed.
The largest buyer was Carlson Capital, adding an estimated $32.8M. The largest seller was Millennium Management, cutting an estimated $33.2M.
- 205 institutional investors held Targa Resources (TRGP) as of Q4 2013, up from 185 in Q3 2013.
- Funds reported $3.01B of Targa Resources stock for Q4 2013, up 25% quarter-over-quarter.
- 38 funds opened new Targa Resources positions in Q4 2013 and 17 closed out, a net change of +21 holders.
- The largest Targa Resources buyer in Q4 2013 was Carlson Capital, an estimated $32.8M added.
- The largest Targa Resources seller in Q4 2013 was Millennium Management, an estimated $33.2M sold.
Based on aggregated 13F filings for Q4 2013.