Targa Resources
TRGP
218 hedge funds and large institutions have $1.49B invested in Targa Resources in 2015 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 78 increasing their positions, 83 reducing their positions, and 71 closing their positions.
7.08% more ownership
Funds ownership: 92.07% → 99.14% (+7.1%)
6% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 83
11% less call options, than puts
Call options by funds: $18.4M | Put options by funds: $20.7M
14% less funds holding
Funds holding: 253 → 218 (-35)
44% less capital invested
Capital invested by funds: $2.66B → $1.49B (-$1.17B)
45% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 71
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
+$111M |
| 2 |
Millennium Management
New York
|
+$67.4M |
| 3 |
CCM
Chickasaw Capital Management
Memphis,
Tennessee
|
+$46.5M |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$37.4M |
| 5 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$36.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$71.9M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$50.2M |
| 3 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$43.4M |
| 4 |
BAMCO Inc
New York
|
-$40.6M |
| 5 |
OA
Omega Advisors
New York
|
-$31.1M |
TRGP Hedge Fund Activity: Q4 2015 in Review
218 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2015, worth a combined $1.49B — down 44% from $2.66B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of TRGP and 39 opened new positions — a net loss of 32 holders — while 83 trimmed existing stakes and 78 added.
The largest buyer was Soroban Capital Partners, adding an estimated $111M. The largest seller was Brookfield Corp, cutting an estimated $71.9M.
- 218 institutional investors held Targa Resources (TRGP) as of Q4 2015, down from 253 in Q3 2015.
- Funds reported $1.49B of Targa Resources stock for Q4 2015, down 44% quarter-over-quarter.
- 39 funds opened new Targa Resources positions in Q4 2015 and 71 closed out, a net change of -32 holders.
- The largest Targa Resources buyer in Q4 2015 was Soroban Capital Partners, an estimated $111M added.
- The largest Targa Resources seller in Q4 2015 was Brookfield Corp, an estimated $71.9M sold.
Based on aggregated 13F filings for Q4 2015.