Target Hospitality
36 hedge funds and large institutions have $157M invested in Target Hospitality in 2019 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 2 increasing their positions, 10 reducing their positions, and 20 closing their positions.
20% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 20
13% more funds holding
Funds holding: 32 → 36 (+4)
30% less capital invested
Capital invested by funds: $224M → $157M (-$66.6M)
49.56% less ownership
Funds ownership: 65.27% → 15.71% (-50%)
80% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$30.3M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$25.2M |
| 3 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
+$10.2M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$9.19M |
| 5 |
LP
LMR Partners
London,
United Kingdom
|
+$7.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GL
Governors Lane
New York
|
-$20.2M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$13.6M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$13.2M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
-$11.1M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$10.9M |
TH Hedge Fund Activity: Q1 2019 in Review
36 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q1 2019, worth a combined $157M — down 30% from $224M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new TH positions and 20 closed out — a net gain of 4 holders — while 2 added to existing stakes and 10 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $30.3M. The largest seller was Governors Lane, exiting entirely with an estimated $20.2M sold.
- 36 institutional investors held Target Hospitality (TH) as of Q1 2019, up from 32 in Q4 2018.
- Funds reported $157M of Target Hospitality stock for Q1 2019, down 30% quarter-over-quarter.
- 24 funds opened new Target Hospitality positions in Q1 2019 and 20 closed out, a net change of +4 holders.
- The largest Target Hospitality buyer in Q1 2019 was Wellington Management Group, an estimated $30.3M added.
- The largest Target Hospitality seller in Q1 2019 was Governors Lane, an estimated $20.2M sold.
Based on aggregated 13F filings for Q1 2019.