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Target
TGT

1,645 hedge funds and large institutions have $33.2B invested in Target in 2025 Q3 according to their latest regulatory filings, with 126 funds opening new positions, 570 increasing their positions, 752 reducing their positions, and 205 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more call options, than puts

Call options by funds: $3.36B | Put options by funds: $3.25B

2.05% less ownership

Funds ownership: 83.65% → 81.6% (-2.1%)

6% less funds holding

Funds holding: 1,751 → 1,645 (-106)

12% less capital invested

Capital invested by funds: $37.6B → $33.2B (-$4.37B)

24% less repeat investments, than reductions

Existing positions increased: 570 | Existing positions reduced: 752

38% less funds holding in top 10

Funds holding in top 10: 8 → 5 (-3)

39% less first-time investments, than exits

New positions opened: 126 | Existing positions closed: 205

Holders
1,645
Holders Change
-106
Holders Change %
-6.05%
% of All Funds
21.59%
Holding in Top 10
5
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-37.5%
% of All Funds
0.07%
New
126
Increased
570
Reduced
752
Closed
205
Calls
$3.36B
Puts
$3.25B
Net Calls
+$108M
Net Calls Change
+$61.8M

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$638M
2
Jane Street
Jane Street
New York
+$136M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$130M
4
Man Group
Man Group
United Kingdom
+$104M
5
WorldQuant Millennium Advisors
WorldQuant Millennium Advisors
New York
+$101M

Top Sellers

1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$495M
2
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$224M
3
Goldman Sachs
Goldman Sachs
New York
-$174M
4
UBS Group
UBS Group
Switzerland
-$160M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$148M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$5.2B +$638M +6,481,560 +13%
State Street
2
State Street
Massachusetts
$3.38B +$89.8M +911,964 +2%
BlackRock
3
BlackRock
New York
$3.13B +$92M +934,180 +3%
Charles Schwab
4
Charles Schwab
California
$1.48B +$25.3M +256,438 +2%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$1.29B +$68.3M +693,344 +5%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$919M +$10.1M +103,002 +1%
Morgan Stanley
7
Morgan Stanley
New York
$736M -$123M -1,244,111 -13%
Franklin Resources
8
Franklin Resources
California
$543M -$132M -1,343,900 -18%
Bank of America
9
Bank of America
North Carolina
$495M -$99.2M -1,007,828 -15%
Northern Trust
10
Northern Trust
Illinois
$455M -$15.8M -160,842 -3%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$453M +$12M +122,300 +2%
Capital World Investors
12
Capital World Investors
California
$411M +$783K +7,950 +0.2%
Wells Fargo
13
Wells Fargo
California
$368M -$29.8M -302,505 -7%
Invesco
14
Invesco
Georgia
$351M +$35.5M +360,781 +10%
UBS AM
15
UBS AM
Illinois
$345M -$86.8M -881,858 -19%
UBS Group
16
UBS Group
Switzerland
$319M -$160M -1,624,745 -31%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$309M -$33.2M -336,909 -9%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$305M -$18.6M -189,271 -5%
Legal & General Group
19
Legal & General Group
United Kingdom
$297M +$2.56M +25,989 +0.8%
Ameriprise
20
Ameriprise
Minnesota
$269M -$15.7M -159,671 -5%
Citigroup
21
Citigroup
New York
$238M +$50M +508,216 +24%
Goldman Sachs
22
Goldman Sachs
New York
$236M -$174M -1,763,182 -40%
Pacer Advisors
23
Pacer Advisors
Pennsylvania
$216M -$45.9M -466,551 -16%
Barclays
24
Barclays
United Kingdom
$215M +$35.2M +357,690 +18%
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$213M +$85.4M +867,385 +57%
1
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TGT Hedge Fund Activity: Q3 2025 in Review

1,645 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q3 2025, worth a combined $33.2B — down 12% from $37.6B a quarter earlier.

Sellers outnumbered buyers: 205 funds closed out of TGT and 126 opened new positions — a net loss of 79 holders — while 752 trimmed existing stakes and 570 added.

The largest buyer was Vanguard Group, adding an estimated $638M. The largest seller was Massachusetts Financial Services, cutting an estimated $495M.

  • 1,645 institutional investors held Target (TGT) as of Q3 2025, down from 1,751 in Q2 2025.
  • Funds reported $33.2B of Target stock for Q3 2025, down 12% quarter-over-quarter.
  • 126 funds opened new Target positions in Q3 2025 and 205 closed out, a net change of -79 holders.
  • The largest Target buyer in Q3 2025 was Vanguard Group, an estimated $638M added.
  • The largest Target seller in Q3 2025 was Massachusetts Financial Services, an estimated $495M sold.

Based on aggregated 13F filings for Q3 2025.