Targa Resources
TRGP
216 hedge funds and large institutions have $3.41B invested in Targa Resources in 2014 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 95 increasing their positions, 64 reducing their positions, and 17 closing their positions.
88% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 17
48% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 64
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
13% more capital invested
Capital invested by funds: $3.01B → $3.41B (+$405M)
5% more funds holding
Funds holding: 205 → 216 (+11)
0.88% more ownership
Funds ownership: 80.55% → 81.44% (+0.88%)
4% less call options, than puts
Call options by funds: $32.9M | Put options by funds: $34.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$52.2M |
| 2 |
Goldman Sachs
New York
|
+$29M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$18.8M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$16.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$48.3M |
| 2 |
Bank of New York Mellon
New York
|
-$42M |
| 3 |
Millennium Management
New York
|
-$36.3M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$31.7M |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$25.7M |
TRGP Hedge Fund Activity: Q1 2014 in Review
216 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2014, worth a combined $3.41B — up 13% from $3.01B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new TRGP positions and 17 closed out — a net gain of 15 holders — while 95 added to existing stakes and 64 trimmed.
The largest buyer was AJO LP, adding an estimated $52.2M. The largest seller was Brookfield Corp, exiting entirely with an estimated $48.3M sold.
- 216 institutional investors held Targa Resources (TRGP) as of Q1 2014, up from 205 in Q4 2013.
- Funds reported $3.41B of Targa Resources stock for Q1 2014, up 13% quarter-over-quarter.
- 32 funds opened new Targa Resources positions in Q1 2014 and 17 closed out, a net change of +15 holders.
- The largest Targa Resources buyer in Q1 2014 was AJO LP, an estimated $52.2M added.
- The largest Targa Resources seller in Q1 2014 was Brookfield Corp, an estimated $48.3M sold.
Based on aggregated 13F filings for Q1 2014.