Targa Resources
TRGP
341 hedge funds and large institutions have $2.75B invested in Targa Resources in 2020 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 108 increasing their positions, 126 reducing their positions, and 51 closing their positions.
1.98% more ownership
Funds ownership: 82.07% → 84.05% (+2%)
3% less funds holding
Funds holding: 350 → 341 (-9)
12% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 51
14% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 126
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
28% less capital invested
Capital invested by funds: $3.84B → $2.75B (-$1.09B)
55% less call options, than puts
Call options by funds: $26.6M | Put options by funds: $58.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$33.4M |
| 2 |
Neuberger Berman Group
New York
|
+$32.8M |
| 3 |
DBC
Deep Basin Capital
Stamford,
Connecticut
|
+$26.2M |
| 4 |
Two Sigma Advisers
New York
|
+$25.9M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$36.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$27.9M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$19.1M |
| 4 |
State Street
Boston,
Massachusetts
|
-$16.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$14.7M |
TRGP Hedge Fund Activity: Q3 2020 in Review
341 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2020, worth a combined $2.75B — down 28% from $3.84B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of TRGP and 45 opened new positions — a net loss of 6 holders — while 126 trimmed existing stakes and 108 added.
The largest buyer was Two Sigma Investments, adding an estimated $33.4M. The largest seller was Salient Capital Advisors, cutting an estimated $36.8M.
- 341 institutional investors held Targa Resources (TRGP) as of Q3 2020, down from 350 in Q2 2020.
- Funds reported $2.75B of Targa Resources stock for Q3 2020, down 28% quarter-over-quarter.
- 45 funds opened new Targa Resources positions in Q3 2020 and 51 closed out, a net change of -6 holders.
- The largest Targa Resources buyer in Q3 2020 was Two Sigma Investments, an estimated $33.4M added.
- The largest Targa Resources seller in Q3 2020 was Salient Capital Advisors, an estimated $36.8M sold.
Based on aggregated 13F filings for Q3 2020.