Target Hospitality
136 hedge funds and large institutions have $497M invested in Target Hospitality in 2022 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 26 closing their positions.
63% more call options, than puts
Call options by funds: $42M | Put options by funds: $25.8M
33% more capital invested
Capital invested by funds: $372M → $497M (+$125M)
31% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 26
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% more funds holding
Funds holding: 128 → 136 (+8)
3.4% more ownership
Funds ownership: 30.33% → 33.73% (+3.4%)
2% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cowbird Capital
New York
|
+$19.5M |
| 2 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
+$6.06M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$5.88M |
| 4 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
+$4.19M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$4.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFA
Harbert Fund Advisors
Birmingham,
Alabama
|
-$5.68M |
| 2 |
IM
Islet Management
New York
|
-$5.39M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$3.56M |
| 4 |
KLC
Kent Lake Capital
Reno,
Nevada
|
-$2.64M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$1.87M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Ensign Peak Advisors
Salt Lake City,
Utah
| – | -$162K | -12,830 | Closed |
|
152
Balyasny Asset Management
Chicago,
Illinois
| – | -$159K | -12,631 | Closed |
|
|
OSAM
153
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$142K | -11,243 | Closed |
|
154
Verition Fund Management
Greenwich,
Connecticut
| – | -$131K | -10,348 | Closed |
|
|
BAMF
155
BI Asset Management Fondsmaeglerselskab
Kobenhavn,
Denmark
| – | -$98K | -7,784 | Closed |
|
|
HIM
156
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$96K | -7,600 | Closed |
|
157
Wells Fargo
San Francisco,
California
| – | -$64K | -5,129 | Closed |
|
|
IA
158
IFP Advisors
Tampa,
Florida
| – | -$16K | -1,600 | Closed |
|
159
Simplex Trading
Chicago,
Illinois
| – | -$20.8K | -1,546 | Closed |
|
|
FHA
160
First Horizon Advisors
Memphis,
Tennessee
| – | -$8K | -689 | Closed |
|
|
AF
161
Allworth Financial
Folsom,
California
| – | -$1K | -56 | Closed |
|
162
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$323 | +24 | New |
|
TH Hedge Fund Activity: Q4 2022 in Review
136 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q4 2022, worth a combined $497M — up 33% from $372M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new TH positions and 26 closed out — a net gain of 8 holders — while 42 added to existing stakes and 43 trimmed.
The largest buyer was Cowbird Capital, opening a new position worth an estimated $19.5M. The largest seller was Harbert Fund Advisors, exiting entirely with an estimated $5.68M sold.
- 136 institutional investors held Target Hospitality (TH) as of Q4 2022, up from 128 in Q3 2022.
- Funds reported $497M of Target Hospitality stock for Q4 2022, up 33% quarter-over-quarter.
- 34 funds opened new Target Hospitality positions in Q4 2022 and 26 closed out, a net change of +8 holders.
- The largest Target Hospitality buyer in Q4 2022 was Cowbird Capital, an estimated $19.5M added.
- The largest Target Hospitality seller in Q4 2022 was Harbert Fund Advisors, an estimated $5.68M sold.
Based on aggregated 13F filings for Q4 2022.