Targa Resources
TRGP
350 hedge funds and large institutions have $3.84B invested in Targa Resources in 2020 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 90 increasing their positions, 152 reducing their positions, and 97 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
178% more capital invested
Capital invested by funds: $1.38B → $3.84B (+$2.46B)
2.85% less ownership
Funds ownership: 84.92% → 82.07% (-2.8%)
13% less funds holding
Funds holding: 401 → 350 (-51)
36% less call options, than puts
Call options by funds: $32.4M | Put options by funds: $50.4M
41% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 152
47% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 97
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
+$144M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$98.4M |
| 3 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$61.1M |
| 4 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$40.3M |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$36.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$75.3M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$50.3M |
| 3 |
BlackRock
New York
|
-$33.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$26.2M |
| 5 |
State Street
Boston,
Massachusetts
|
-$23.3M |
TRGP Hedge Fund Activity: Q2 2020 in Review
350 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2020, worth a combined $3.84B — up 178% from $1.38B a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of TRGP and 51 opened new positions — a net loss of 46 holders — while 152 trimmed existing stakes and 90 added.
The largest buyer was Blackstone Inc, adding an estimated $144M. The largest seller was Citadel Advisors, cutting an estimated $75.3M.
- 350 institutional investors held Targa Resources (TRGP) as of Q2 2020, down from 401 in Q1 2020.
- Funds reported $3.84B of Targa Resources stock for Q2 2020, up 178% quarter-over-quarter.
- 51 funds opened new Targa Resources positions in Q2 2020 and 97 closed out, a net change of -46 holders.
- The largest Targa Resources buyer in Q2 2020 was Blackstone Inc, an estimated $144M added.
- The largest Targa Resources seller in Q2 2020 was Citadel Advisors, an estimated $75.3M sold.
Based on aggregated 13F filings for Q2 2020.