You’re About To See A Lot Of Fitbits Being Worn By Employees Of Target

Target Corporation (NYSE:TGT) has had a stable run in 2015, with its shares inching 2.84% higher year-to-date. The smart money had a bearish outlook on the retailer during the second quarter, with the aggregate hedge fund holdings dropping by 15% to $1.14 billion. It is important to note that the shares of Target Corp were down by just 0.54% during the period, indicating heavy selling activity among hedge funds. Columbus Circle Investors, led by Donald Chiboucis, was the largest shareholder in the company, owning 2.60 million shares. AQR Capital Management and Citadel Investment Group were other primary shareholders of the retailer, possessing 1.84 million shares and 1.83 million shares, respectively. Among the hedge funds disposing of their entire stakes in Target Corporation (NYSE:TGT) were Moore Global Investment, Maplelane Capital, and Algert Coldiron Investors.

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