Targa Resources
TRGP
325 hedge funds and large institutions have $3.97B invested in Targa Resources in 2016 Q1 according to their latest regulatory filings, with 151 funds opening new positions, 133 increasing their positions, 34 reducing their positions, and 41 closing their positions.
837% more capital inflows, than outflows
Capital inflows: $2.06B | Capital outflows: $219M
700% more funds holding in top 10
Funds holding in top 10: 1 → 8 (+7)
291% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 34
268% more first-time investments, than exits
New positions opened: 151 | Existing positions closed: 41
49% more funds holding
Funds holding: 218 → 325 (+107)
7% less call options, than puts
Call options by funds: $37.5M | Put options by funds: $40.2M
16.41% less ownership
Funds ownership: 99.14% → 82.73% (-16%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$179M |
| 2 |
Goldman Sachs
New York
|
+$176M |
| 3 |
Center Coast Capital Advisors
Houston,
Texas
|
+$152M |
| 4 |
OppenheimerFunds
New York
|
+$152M |
| 5 |
Chickasaw Capital Management
Memphis,
Tennessee
|
+$104M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Soroban Capital Partners
New York
|
-$59.6M |
| 2 |
Jana Partners
New York
|
-$19.4M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$13.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$13.2M |
| 5 |
Hutchin Hill Capital
New York
|
-$11.7M |
TRGP Hedge Fund Activity: Q1 2016 in Review
325 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2016, worth a combined $3.97B — up 166% from $1.49B a quarter earlier.
Buyers outnumbered sellers: 151 funds opened new TRGP positions and 41 closed out — a net gain of 110 holders — while 133 added to existing stakes and 34 trimmed.
The largest buyer was Vanguard Group, adding an estimated $179M. The largest seller was Soroban Capital Partners, cutting an estimated $59.6M.
- 325 institutional investors held Targa Resources (TRGP) as of Q1 2016, up from 218 in Q4 2015.
- Funds reported $3.97B of Targa Resources stock for Q1 2016, up 166% quarter-over-quarter.
- 151 funds opened new Targa Resources positions in Q1 2016 and 41 closed out, a net change of +110 holders.
- The largest Targa Resources buyer in Q1 2016 was Vanguard Group, an estimated $179M added.
- The largest Targa Resources seller in Q1 2016 was Soroban Capital Partners, an estimated $59.6M sold.
Based on aggregated 13F filings for Q1 2016.