Targa Resources
TRGP
287 hedge funds and large institutions have $4.38B invested in Targa Resources in 2015 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 124 increasing their positions, 98 reducing their positions, and 53 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 98
2% more call options, than puts
Call options by funds: $54.9M | Put options by funds: $54M
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
5.65% less ownership
Funds ownership: 93.35% → 87.7% (-5.6%)
6% less capital invested
Capital invested by funds: $4.67B → $4.38B (-$291M)
7% less funds holding
Funds holding: 307 → 287 (-20)
34% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$77.4M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$65.3M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$62.8M |
| 4 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$48.6M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$33.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$44M |
| 2 |
Jennison Associates
New York
|
-$42.6M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$38.4M |
| 4 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
-$36.8M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$32.5M |
TRGP Hedge Fund Activity: Q2 2015 in Review
287 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2015, worth a combined $4.38B — down 6.2% from $4.67B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of TRGP and 35 opened new positions — a net loss of 18 holders — while 98 trimmed existing stakes and 124 added.
The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $77.4M. The largest seller was Vanguard Group, cutting an estimated $44M.
- 287 institutional investors held Targa Resources (TRGP) as of Q2 2015, down from 307 in Q1 2015.
- Funds reported $4.38B of Targa Resources stock for Q2 2015, down 6.2% quarter-over-quarter.
- 35 funds opened new Targa Resources positions in Q2 2015 and 53 closed out, a net change of -18 holders.
- The largest Targa Resources buyer in Q2 2015 was Kayne Anderson Capital Advisors, an estimated $77.4M added.
- The largest Targa Resources seller in Q2 2015 was Vanguard Group, an estimated $44M sold.
Based on aggregated 13F filings for Q2 2015.