Targa Resources
TRGP
452 hedge funds and large institutions have $10.4B invested in Targa Resources in 2018 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 164 increasing their positions, 142 reducing their positions, and 49 closing their positions.
163% more call options, than puts
Call options by funds: $106M | Put options by funds: $40.3M
32% more funds holding in top 10
Funds holding in top 10: 19 → 25 (+6)
22% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 49
15% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 142
15% more capital invested
Capital invested by funds: $9.01B → $10.4B (+$1.39B)
2.07% more ownership
Funds ownership: 93.59% → 95.66% (+2.1%)
2% more funds holding
Funds holding: 443 → 452 (+9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
PointState Capital
New York
|
+$202M |
| 2 |
ZP
Zimmer Partners
New York
|
+$87M |
| 3 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$46.2M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
+$41M |
| 5 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$33.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$136M |
| 2 |
Millennium Management
New York
|
-$69.5M |
| 3 |
Goldman Sachs
New York
|
-$59.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$27.1M |
| 5 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$23.2M |
TRGP Hedge Fund Activity: Q2 2018 in Review
452 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2018, worth a combined $10.4B — up 15% from $9.01B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new TRGP positions and 49 closed out — a net gain of 11 holders — while 164 added to existing stakes and 142 trimmed.
The largest buyer was PointState Capital, adding an estimated $202M. The largest seller was Deutsche Bank, cutting an estimated $136M.
- 452 institutional investors held Targa Resources (TRGP) as of Q2 2018, up from 443 in Q1 2018.
- Funds reported $10.4B of Targa Resources stock for Q2 2018, up 15% quarter-over-quarter.
- 60 funds opened new Targa Resources positions in Q2 2018 and 49 closed out, a net change of +11 holders.
- The largest Targa Resources buyer in Q2 2018 was PointState Capital, an estimated $202M added.
- The largest Targa Resources seller in Q2 2018 was Deutsche Bank, an estimated $136M sold.
Based on aggregated 13F filings for Q2 2018.