Targa Resources
TRGP
253 hedge funds and large institutions have $2.66B invested in Targa Resources in 2015 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 115 increasing their positions, 84 reducing their positions, and 63 closing their positions.
116% more call options, than puts
Call options by funds: $57.3M | Put options by funds: $26.5M
37% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 84
4.36% more ownership
Funds ownership: 87.7% → 92.07% (+4.4%)
12% less funds holding
Funds holding: 287 → 253 (-34)
39% less capital invested
Capital invested by funds: $4.38B → $2.66B (-$1.72B)
51% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 63
71% less funds holding in top 10
Funds holding in top 10: 7 → 2 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$94.5M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$48.9M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$45.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$25.1M |
| 5 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$23.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$71M |
| 2 |
CCCA
Center Coast Capital Advisors
Houston,
Texas
|
-$67.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$32.4M |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$27.7M |
| 5 |
Neuberger Berman Group
New York
|
-$25.1M |
TRGP Hedge Fund Activity: Q3 2015 in Review
253 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2015, worth a combined $2.66B — down 39% from $4.38B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of TRGP and 31 opened new positions — a net loss of 32 holders — while 84 trimmed existing stakes and 115 added.
The largest buyer was Brookfield Corp, adding an estimated $94.5M. The largest seller was BAMCO Inc, cutting an estimated $71M.
- 253 institutional investors held Targa Resources (TRGP) as of Q3 2015, down from 287 in Q2 2015.
- Funds reported $2.66B of Targa Resources stock for Q3 2015, down 39% quarter-over-quarter.
- 31 funds opened new Targa Resources positions in Q3 2015 and 63 closed out, a net change of -32 holders.
- The largest Targa Resources buyer in Q3 2015 was Brookfield Corp, an estimated $94.5M added.
- The largest Targa Resources seller in Q3 2015 was BAMCO Inc, an estimated $71M sold.
Based on aggregated 13F filings for Q3 2015.