Targa Resources
TRGP
369 hedge funds and large institutions have $5.12B invested in Targa Resources in 2020 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 97 increasing their positions, 143 reducing their positions, and 36 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 5 → 10 (+5)
86% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 36
86% more capital invested
Capital invested by funds: $2.75B → $5.12B (+$2.37B)
8% more funds holding
Funds holding: 341 → 369 (+28)
0.67% more ownership
Funds ownership: 84.05% → 84.72% (+0.67%)
32% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 143
48% less call options, than puts
Call options by funds: $43.9M | Put options by funds: $83.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$89.7M |
| 2 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$40.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$30.2M |
| 4 |
D.E. Shaw & Co
New York
|
+$26.2M |
| 5 |
Morgan Stanley
New York
|
+$19.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$69.1M |
| 2 |
DBC
Deep Basin Capital
Stamford,
Connecticut
|
-$42.3M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$40M |
| 4 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$38.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$34.3M |
TRGP Hedge Fund Activity: Q4 2020 in Review
369 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2020, worth a combined $5.12B — up 86% from $2.75B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new TRGP positions and 36 closed out — a net gain of 31 holders — while 97 added to existing stakes and 143 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $89.7M. The largest seller was T. Rowe Price Associates, cutting an estimated $69.1M.
- 369 institutional investors held Targa Resources (TRGP) as of Q4 2020, up from 341 in Q3 2020.
- Funds reported $5.12B of Targa Resources stock for Q4 2020, up 86% quarter-over-quarter.
- 67 funds opened new Targa Resources positions in Q4 2020 and 36 closed out, a net change of +31 holders.
- The largest Targa Resources buyer in Q4 2020 was Deutsche Bank, an estimated $89.7M added.
- The largest Targa Resources seller in Q4 2020 was T. Rowe Price Associates, an estimated $69.1M sold.
Based on aggregated 13F filings for Q4 2020.