Targa Resources
TRGP
260 hedge funds and large institutions have $4.54B invested in Targa Resources in 2014 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 108 increasing their positions, 83 reducing their positions, and 23 closing their positions.
74% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 23
30% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 83
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
7% more funds holding
Funds holding: 243 → 260 (+17)
2.49% less ownership
Funds ownership: 81.52% → 79.03% (-2.5%)
5% less capital invested
Capital invested by funds: $4.8B → $4.54B (-$260M)
16% less call options, than puts
Call options by funds: $19.9M | Put options by funds: $23.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$31.6M |
| 2 |
Goldman Sachs
New York
|
+$27.4M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$25.8M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$24.4M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$21.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$164M |
| 2 |
MCM
Mason Capital Management
New York
|
-$50.9M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$38.5M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$31.3M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.4M |
TRGP Hedge Fund Activity: Q3 2014 in Review
260 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2014, worth a combined $4.54B — down 5.4% from $4.8B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new TRGP positions and 23 closed out — a net gain of 17 holders — while 108 added to existing stakes and 83 trimmed.
The largest buyer was Salient Capital Advisors, adding an estimated $31.6M. The largest seller was Jennison Associates, cutting an estimated $164M.
- 260 institutional investors held Targa Resources (TRGP) as of Q3 2014, up from 243 in Q2 2014.
- Funds reported $4.54B of Targa Resources stock for Q3 2014, down 5.4% quarter-over-quarter.
- 40 funds opened new Targa Resources positions in Q3 2014 and 23 closed out, a net change of +17 holders.
- The largest Targa Resources buyer in Q3 2014 was Salient Capital Advisors, an estimated $31.6M added.
- The largest Targa Resources seller in Q3 2014 was Jennison Associates, an estimated $164M sold.
Based on aggregated 13F filings for Q3 2014.