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Targa Resources

254 hedge funds and large institutions have $4.28B invested in Targa Resources in 2014 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 118 increasing their positions, 66 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 66

7.29% more ownership

Funds ownership: 79.03%86.32% (+7.3%)

4% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 49

2% less funds holding

Funds holding: 260254 (-6)

6% less capital invested

Capital invested by funds: $4.54B → $4.28B (-$259M)

11% less call options, than puts

Call options by funds: $16.3M | Put options by funds: $18.4M

56% less funds holding in top 10

Funds holding in top 10: 94 (-5)

Holders
254
Holders Change
-6
Holders Change %
-2.31%
% of All Funds
6.78%
Holding in Top 10
4
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-55.56%
% of All Funds
0.11%
New
47
Increased
118
Reduced
66
Closed
49
Calls
$16.3M
Puts
$18.4M
Net Calls
-$2.1M
Net Calls Change
+$1.75M
Name Holding Trade Value Shares
Change
Change in
Stake
ACM
1
Americafirst Capital Management
California
$420M +$458K +3,957 New
SCA
2
Salient Capital Advisors
Texas
$347M +$89.6M +774,397 +31%
Vanguard Group
3
Vanguard Group
Pennsylvania
$282M +$35.1M +303,393 +13%
Goldman Sachs
4
Goldman Sachs
New York
$258M +$52.2M +451,014 +23%
BAMCO Inc
5
BAMCO Inc
New York
$250M +$434K +3,750 +0.2%
Jennison Associates
6
Jennison Associates
New York
$179M -$106M -915,107 -35%
CCM
7
Chickasaw Capital Management
Tennessee
$148M +$21.7M +187,432 +16%
NIM
8
NXG Investment Management
Texas
$130M +$25.1M +216,522 +21%
HFA
9
Harvest Fund Advisors
Pennsylvania
$113M +$73.2M +631,982 +146%
KACA
10
Kayne Anderson Capital Advisors
California
$97.9M +$22.1M +190,500 +26%
BIT
11
BlackRock Institutional Trust
California
$96.9M +$6.83M +59,037 +7%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$94.6M -$126M -1,089,663 -55%
Neuberger Berman Group
13
Neuberger Berman Group
New York
$83.3M +$12.9M +111,289 +17%
BC
14
Brookfield Corp
Ontario, Canada
$75M +$81.8M +707,000 New
Renaissance Technologies
15
Renaissance Technologies
New York
$70.4M -$14M -120,966 -15%
TCA
16
Tortoise Capital Advisors
Kansas
$69.5M +$14.7M +126,701 +24%
JHIU
17
Janus Henderson Investors US
Colorado
$68.1M +$670K +5,785 +0.9%
CIBC Private Wealth Group
18
CIBC Private Wealth Group
Georgia
$67.2M +$33.5M +289,765 +84%
CCCA
19
Center Coast Capital Advisors
Texas
$66.7M +$45.8M +395,341 +170%
COPPSERS
20
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$62.8M +$26.8M +231,892 +64%
Millennium Management
21
Millennium Management
New York
$48.9M +$47.1M +406,652 +753%
State Street
22
State Street
Massachusetts
$45.4M -$428K -3,696 -0.9%
Morgan Stanley
23
Morgan Stanley
New York
$44.7M +$13.2M +114,393 +37%
AR
24
Advisory Research
Illinois
$42M +$4.84M +41,815 +12%
Northern Trust
25
Northern Trust
Illinois
$41.1M -$3.12M -26,923 -6%

TRGP Hedge Fund Activity: Q4 2014 in Review

254 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2014, worth a combined $4.28B — down 5.7% from $4.54B a quarter earlier.

Sellers outnumbered buyers: 49 funds closed out of TRGP and 47 opened new positions — a net loss of 2 holders — while 66 trimmed existing stakes and 118 added.

The largest buyer was Salient Capital Advisors, adding an estimated $89.6M. The largest seller was Fidelity Investments, cutting an estimated $126M.

  • 254 institutional investors held Targa Resources (TRGP) as of Q4 2014, down from 260 in Q3 2014.
  • Funds reported $4.28B of Targa Resources stock for Q4 2014, down 5.7% quarter-over-quarter.
  • 47 funds opened new Targa Resources positions in Q4 2014 and 49 closed out, a net change of -2 holders.
  • The largest Targa Resources buyer in Q4 2014 was Salient Capital Advisors, an estimated $89.6M added.
  • The largest Targa Resources seller in Q4 2014 was Fidelity Investments, an estimated $126M sold.

Based on aggregated 13F filings for Q4 2014.