Targa Resources
TRGP
443 hedge funds and large institutions have $9.01B invested in Targa Resources in 2018 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 165 increasing their positions, 133 reducing their positions, and 45 closing their positions.
53% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 45
34% more call options, than puts
Call options by funds: $64.9M | Put options by funds: $48.3M
24% more repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 133
4% more funds holding
Funds holding: 426 → 443 (+17)
2.09% more ownership
Funds ownership: 91.5% → 93.59% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
6% less capital invested
Capital invested by funds: $9.55B → $9.01B (-$543M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$196M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$93.9M |
| 3 |
Millennium Management
New York
|
+$70.4M |
| 4 |
Neuberger Berman Group
New York
|
+$35.1M |
| 5 |
Goldman Sachs
New York
|
+$32.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$299M |
| 2 |
SCM
Scopia Capital Management
New York
|
-$107M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$32.4M |
| 4 |
Bank of New York Mellon
New York
|
-$22.6M |
| 5 |
WC
Wexford Capital
West Palm Beach,
Florida
|
-$21.1M |
TRGP Hedge Fund Activity: Q1 2018 in Review
443 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2018, worth a combined $9.01B — down 5.7% from $9.55B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new TRGP positions and 45 closed out — a net gain of 24 holders — while 165 added to existing stakes and 133 trimmed.
The largest buyer was Brookfield Corp, adding an estimated $196M. The largest seller was Blackstone Inc, cutting an estimated $299M.
- 443 institutional investors held Targa Resources (TRGP) as of Q1 2018, up from 426 in Q4 2017.
- Funds reported $9.01B of Targa Resources stock for Q1 2018, down 5.7% quarter-over-quarter.
- 69 funds opened new Targa Resources positions in Q1 2018 and 45 closed out, a net change of +24 holders.
- The largest Targa Resources buyer in Q1 2018 was Brookfield Corp, an estimated $196M added.
- The largest Targa Resources seller in Q1 2018 was Blackstone Inc, an estimated $299M sold.
Based on aggregated 13F filings for Q1 2018.