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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWAM
Appian Way Asset Management
New York
|
+$14.5M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$14M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$9.21M |
| 4 |
SC
Shay Capital
New York
|
+$8.54M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$3.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Conversant Capital
Summit,
New Jersey
|
-$47.3M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$9.78M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$4.35M |
| 4 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
-$1.79M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASRS
151
Arizona State Retirement System
Phoenix,
Arizona
| – | -$98.5K | -10,190 | Closed |
|
152
Osaic Holdings
Scottsdale,
Arizona
| – | -$82.6K | -8,547 | Closed |
|
153
New York State Common Retirement Fund
Albany,
New York
| – | -$19K | -1,964 | Closed |
|
|
AWM
154
Avior Wealth Management
Omaha,
Nebraska
| – | -$11.3K | -1,174 | Closed |
|
|
VI
155
Vestcor Inc
Fredericton,
New Brunswick, Canada
| – | -$8K | -859 | Closed |
|
|
ACM
156
Aster Capital Management
Dubai,
United Arab Emirates
| – | -$918 | -95 | Closed |
|
|
CAS
157
Coppell Advisory Solutions
Coppell,
Texas
| – | -$808 | -85 | Closed |
|
|
PWMG
158
Private Wealth Management Group
Princeton,
New Jersey
| – | -$725 | -75 | Closed |
|
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.