Targa Resources
TRGP
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.
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: 6 → 7 (+1)
13% more funds holding
Funds holding: 216 → 243 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$78.5M |
| 2 |
Goldman Sachs
New York
|
+$57.5M |
| 3 |
MCM
Mason Capital Management
New York
|
+$42M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$39.5M |
| 5 |
ZP
Zimmer Partners
New York
|
+$30.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$67.6M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
-$55.4M |
| 3 |
Jennison Associates
New York
|
-$43.3M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$41.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$39.7M |
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.