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Targa Resources
TRGP

480 hedge funds and large institutions have $7.74B invested in Targa Resources in 2018 Q4 according to their latest regulatory filings, with 100 funds opening new positions, 178 increasing their positions, 133 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 133

20% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 83

3% more funds holding

Funds holding: 467 → 480 (+13)

1.74% less ownership

Funds ownership: 95.73% → 94% (-1.7%)

24% less funds holding in top 10

Funds holding in top 10: 25 → 19 (-6)

36% less capital invested

Capital invested by funds: $12.2B → $7.74B (-$4.43B)

39% less call options, than puts

Call options by funds: $76.7M | Put options by funds: $127M

Holders
480
Holders Change
+13
Holders Change %
+2.78%
% of All Funds
10.7%
Holding in Top 10
19
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-24%
% of All Funds
0.42%
New
100
Increased
178
Reduced
133
Closed
83
Calls
$76.7M
Puts
$127M
Net Calls
-$50.1M
Net Calls Change
-$108M

Top Buyers

1
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$64.2M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
+$60.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$59.4M
4
Renaissance Technologies
Renaissance Technologies
New York
+$53M
5
TCA
Tortoise Capital Advisors
Kansas
+$46.2M

Top Sellers

1
PC
PointState Capital
New York
-$240M
2
ZP
Zimmer Partners
New York
-$196M
3
Jennison Associates
Jennison Associates
New York
-$64.2M
4
Citadel Advisors
Citadel Advisors
Florida
-$54M
5
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$39.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$768M +$59.4M +1,226,927 +6%
BlackRock
2
BlackRock
New York
$476M +$11.5M +237,329 +2%
HFA
3
Harvest Fund Advisors
Pennsylvania
$463M -$17M -351,133 -3%
Goldman Sachs
4
Goldman Sachs
New York
$376M -$23.5M -486,091 -4%
TCA
5
Tortoise Capital Advisors
Kansas
$349M +$46.2M +955,152 +11%
KACA
6
Kayne Anderson Capital Advisors
California
$289M -$5.09M -105,230 -1%
O
7
OppenheimerFunds
New York
$247M -$5.54M -114,571 -2%
BC
8
Brookfield Corp
Ontario, Canada
$238M +$3.64M +75,201 +1%
CCM
9
Chickasaw Capital Management
Tennessee
$230M -$28.3M -584,997 -8%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$179M +$20.7M +428,105 +9%
SCA
11
Salient Capital Advisors
Texas
$178M +$11.3M +233,062 +5%
State Street
12
State Street
Massachusetts
$173M +$10.1M +208,588 +5%
Neuberger Berman Group
13
Neuberger Berman Group
New York
$150M -$18.3M -377,262 -8%
Bank of America
14
Bank of America
North Carolina
$149M +$43.9M +907,885 +28%
ClearBridge Investments
15
ClearBridge Investments
New York
$110M -$14.3M -296,085 -9%
AR
16
Advisory Research
Illinois
$106M -$24.6M -509,009 -15%
Wellington Management Group
17
Wellington Management Group
Massachusetts
$104M +$291K +6,019 +0.2%
ZP
18
Zimmer Partners
New York
$92.1M -$196M -4,050,436 -61%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$91M +$18.7M +387,257 +18%
NIM
20
NXG Investment Management
Texas
$91M -$25.8M -532,351 -17%
RA
21
RR Advisors
Texas
$90.2M +$29.6M +612,000 +32%
UBS Group
22
UBS Group
Switzerland
$89.7M -$6.94M -143,461 -5%
CIBC Private Wealth Group
23
CIBC Private Wealth Group
Georgia
$88.6M +$27.4M +567,278 +30%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$85.8M +$11.7M +241,381 +11%
Jennison Associates
25
Jennison Associates
New York
$81.6M -$64.2M -1,326,950 -37%
1
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TRGP Hedge Fund Activity: Q4 2018 in Review

480 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2018, worth a combined $7.74B — down 36% from $12.2B a quarter earlier.

Buyers outnumbered sellers: 100 funds opened new TRGP positions and 83 closed out — a net gain of 17 holders — while 178 added to existing stakes and 133 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $64.2M. The largest seller was PointState Capital, cutting an estimated $240M.

  • 480 institutional investors held Targa Resources (TRGP) as of Q4 2018, up from 467 in Q3 2018.
  • Funds reported $7.74B of Targa Resources stock for Q4 2018, down 36% quarter-over-quarter.
  • 100 funds opened new Targa Resources positions in Q4 2018 and 83 closed out, a net change of +17 holders.
  • The largest Targa Resources buyer in Q4 2018 was Janus Henderson Group, an estimated $64.2M added.
  • The largest Targa Resources seller in Q4 2018 was PointState Capital, an estimated $240M sold.

Based on aggregated 13F filings for Q4 2018.