Target Hospitality
131 hedge funds and large institutions have $197M invested in Target Hospitality in 2025 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 47 increasing their positions, 36 reducing their positions, and 27 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
81% more call options, than puts
Call options by funds: $12.9M | Put options by funds: $7.12M
31% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 36
11% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 27
2% more funds holding
Funds holding: 129 → 131 (+2)
1.38% more ownership
Funds ownership: 28.8% → 30.18% (+1.4%)
28% less capital invested
Capital invested by funds: $275M → $197M (-$78.1M)
Top Buyers
Top Sellers
TH Hedge Fund Activity: Q1 2025 in Review
131 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q1 2025, worth a combined $197M — down 28% from $275M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new TH positions and 27 closed out — a net gain of 3 holders — while 47 added to existing stakes and 36 trimmed.
The largest buyer was Appian Way Asset Management, opening a new position worth an estimated $14.5M. The largest seller was Conversant Capital, exiting entirely with an estimated $47.3M sold.
- 131 institutional investors held Target Hospitality (TH) as of Q1 2025, up from 129 in Q4 2024.
- Funds reported $197M of Target Hospitality stock for Q1 2025, down 28% quarter-over-quarter.
- 30 funds opened new Target Hospitality positions in Q1 2025 and 27 closed out, a net change of +3 holders.
- The largest Target Hospitality buyer in Q1 2025 was Appian Way Asset Management, an estimated $14.5M added.
- The largest Target Hospitality seller in Q1 2025 was Conversant Capital, an estimated $47.3M sold.
Based on aggregated 13F filings for Q1 2025.