Targa Resources
TRGP
422 hedge funds and large institutions have $8.62B invested in Targa Resources in 2017 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 207 increasing their positions, 100 reducing their positions, and 73 closing their positions.
107% more repeat investments, than reductions
Existing positions increased: 207 | Existing positions reduced: 100
72% more call options, than puts
Call options by funds: $73.8M | Put options by funds: $42.9M
0.43% less ownership
Funds ownership: 88.92% → 88.49% (-0.43%)
5% less funds holding
Funds holding: 443 → 422 (-21)
16% less capital invested
Capital invested by funds: $10.3B → $8.62B (-$1.7B)
25% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 73
26% less funds holding in top 10
Funds holding in top 10: 23 → 17 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
+$302M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$142M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$114M |
| 4 |
Barclays
London,
United Kingdom
|
+$96.5M |
| 5 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$78.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$154M |
| 2 |
LC
LNZ Capital
New York
|
-$65.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$58.4M |
| 4 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$47.6M |
| 5 |
Cohen & Steers
New York
|
-$47.4M |
TRGP Hedge Fund Activity: Q2 2017 in Review
422 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2017, worth a combined $8.62B — down 16% from $10.3B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of TRGP and 55 opened new positions — a net loss of 18 holders — while 100 trimmed existing stakes and 207 added.
The largest buyer was Zimmer Partners, adding an estimated $302M. The largest seller was Millennium Management, cutting an estimated $154M.
- 422 institutional investors held Targa Resources (TRGP) as of Q2 2017, down from 443 in Q1 2017.
- Funds reported $8.62B of Targa Resources stock for Q2 2017, down 16% quarter-over-quarter.
- 55 funds opened new Targa Resources positions in Q2 2017 and 73 closed out, a net change of -18 holders.
- The largest Targa Resources buyer in Q2 2017 was Zimmer Partners, an estimated $302M added.
- The largest Targa Resources seller in Q2 2017 was Millennium Management, an estimated $154M sold.
Based on aggregated 13F filings for Q2 2017.