Target Hospitality
128 hedge funds and large institutions have $372M invested in Target Hospitality in 2022 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 38 increasing their positions, 32 reducing their positions, and 7 closing their positions.
600% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 7
316% more call options, than puts
Call options by funds: $26.2M | Put options by funds: $6.3M
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
179% more capital invested
Capital invested by funds: $134M → $372M (+$239M)
49% more funds holding
Funds holding: 86 → 128 (+42)
19% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 32
6.22% more ownership
Funds ownership: 24.11% → 30.33% (+6.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Conversant Capital
Summit,
New Jersey
|
+$23.7M |
| 2 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
+$7.94M |
| 3 |
Morgan Stanley
New York
|
+$7.81M |
| 4 |
HFA
Harbert Fund Advisors
Birmingham,
Alabama
|
+$5.63M |
| 5 |
KLC
Kent Lake Capital
Reno,
Nevada
|
+$5.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$8.27M |
| 2 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
-$3.7M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$2.87M |
| 4 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
-$1.98M |
| 5 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$1.94M |
TH Hedge Fund Activity: Q3 2022 in Review
128 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q3 2022, worth a combined $372M — up 179% from $134M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new TH positions and 7 closed out — a net gain of 42 holders — while 38 added to existing stakes and 32 trimmed.
The largest buyer was Conversant Capital, adding an estimated $23.7M. The largest seller was BlackRock, cutting an estimated $8.27M.
- 128 institutional investors held Target Hospitality (TH) as of Q3 2022, up from 86 in Q2 2022.
- Funds reported $372M of Target Hospitality stock for Q3 2022, up 179% quarter-over-quarter.
- 49 funds opened new Target Hospitality positions in Q3 2022 and 7 closed out, a net change of +42 holders.
- The largest Target Hospitality buyer in Q3 2022 was Conversant Capital, an estimated $23.7M added.
- The largest Target Hospitality seller in Q3 2022 was BlackRock, an estimated $8.27M sold.
Based on aggregated 13F filings for Q3 2022.