Targa Resources
TRGP
464 hedge funds and large institutions have $8.63B invested in Targa Resources in 2019 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 138 increasing their positions, 164 reducing their positions, and 42 closing their positions.
71% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 42
30% more call options, than puts
Call options by funds: $189M | Put options by funds: $146M
6% more funds holding
Funds holding: 437 → 464 (+27)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
4% less capital invested
Capital invested by funds: $8.97B → $8.63B (-$341M)
5.29% less ownership
Funds ownership: 96.16% → 90.87% (-5.3%)
16% less repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 164
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$67.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$35.3M |
| 3 |
Holocene Advisors
New York
|
+$33M |
| 4 |
D.E. Shaw & Co
New York
|
+$20.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$116M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$90M |
| 3 |
BPSG
Brookfield Public Securities Group
New York
|
-$72.4M |
| 4 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$65.9M |
| 5 |
Goldman Sachs
New York
|
-$49.1M |
TRGP Hedge Fund Activity: Q4 2019 in Review
464 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2019, worth a combined $8.63B — down 3.8% from $8.97B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new TRGP positions and 42 closed out — a net gain of 30 holders — while 138 added to existing stakes and 164 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $67.6M. The largest seller was Harvest Fund Advisors, cutting an estimated $116M.
- 464 institutional investors held Targa Resources (TRGP) as of Q4 2019, up from 437 in Q3 2019.
- Funds reported $8.63B of Targa Resources stock for Q4 2019, down 3.8% quarter-over-quarter.
- 72 funds opened new Targa Resources positions in Q4 2019 and 42 closed out, a net change of +30 holders.
- The largest Targa Resources buyer in Q4 2019 was Deutsche Bank, an estimated $67.6M added.
- The largest Targa Resources seller in Q4 2019 was Harvest Fund Advisors, an estimated $116M sold.
Based on aggregated 13F filings for Q4 2019.