Targa Resources
TRGP
426 hedge funds and large institutions have $8.97B invested in Targa Resources in 2016 Q4 according to their latest regulatory filings, with 92 funds opening new positions, 147 increasing their positions, 121 reducing their positions, and 41 closing their positions.
124% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 41
91% more call options, than puts
Call options by funds: $96.6M | Put options by funds: $50.5M
36% more funds holding in top 10
Funds holding in top 10: 14 → 19 (+5)
23% more capital invested
Capital invested by funds: $7.26B → $8.97B (+$1.7B)
21% more repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 121
12% more funds holding
Funds holding: 381 → 426 (+45)
0.37% less ownership
Funds ownership: 88.82% → 88.45% (-0.37%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$101M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$88.1M |
| 3 |
Jennison Associates
New York
|
+$79.6M |
| 4 |
State Street
Boston,
Massachusetts
|
+$52.7M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$38.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
-$132M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$109M |
| 3 |
Morgan Stanley
New York
|
-$65.9M |
| 4 |
TPCM
Tide Point Capital Management
Old Greenwich,
Connecticut
|
-$56M |
| 5 |
Millennium Management
New York
|
-$47.6M |
TRGP Hedge Fund Activity: Q4 2016 in Review
426 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2016, worth a combined $8.97B — up 23% from $7.26B a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new TRGP positions and 41 closed out — a net gain of 51 holders — while 147 added to existing stakes and 121 trimmed.
The largest buyer was Vanguard Group, adding an estimated $101M. The largest seller was OppenheimerFunds, cutting an estimated $132M.
- 426 institutional investors held Targa Resources (TRGP) as of Q4 2016, up from 381 in Q3 2016.
- Funds reported $8.97B of Targa Resources stock for Q4 2016, up 23% quarter-over-quarter.
- 92 funds opened new Targa Resources positions in Q4 2016 and 41 closed out, a net change of +51 holders.
- The largest Targa Resources buyer in Q4 2016 was Vanguard Group, an estimated $101M added.
- The largest Targa Resources seller in Q4 2016 was OppenheimerFunds, an estimated $132M sold.
Based on aggregated 13F filings for Q4 2016.