Target Hospitality
144 hedge funds and large institutions have $427M invested in Target Hospitality in 2023 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 42 increasing their positions, 53 reducing their positions, and 18 closing their positions.
174% more call options, than puts
Call options by funds: $38.1M | Put options by funds: $13.9M
44% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 18
6% more funds holding
Funds holding: 136 → 144 (+8)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
1.53% less ownership
Funds ownership: 33.73% → 32.19% (-1.5%)
14% less capital invested
Capital invested by funds: $497M → $427M (-$69.4M)
21% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$13.9M |
| 2 |
CC
Cowbird Capital
New York
|
+$10.4M |
| 3 |
CC
Conversant Capital
Summit,
New Jersey
|
+$7.2M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$6.24M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$5.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$14.3M |
| 2 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
-$5.92M |
| 3 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
-$4.9M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
-$4.6M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$3.83M |
TH Hedge Fund Activity: Q1 2023 in Review
144 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q1 2023, worth a combined $427M — down 14% from $497M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new TH positions and 18 closed out — a net gain of 8 holders — while 42 added to existing stakes and 53 trimmed.
The largest buyer was Philadelphia Financial Management of San Francisco, opening a new position worth an estimated $13.9M. The largest seller was Kornitzer Capital Management, exiting entirely with an estimated $14.3M sold.
- 144 institutional investors held Target Hospitality (TH) as of Q1 2023, up from 136 in Q4 2022.
- Funds reported $427M of Target Hospitality stock for Q1 2023, down 14% quarter-over-quarter.
- 26 funds opened new Target Hospitality positions in Q1 2023 and 18 closed out, a net change of +8 holders.
- The largest Target Hospitality buyer in Q1 2023 was Philadelphia Financial Management of San Francisco, an estimated $13.9M added.
- The largest Target Hospitality seller in Q1 2023 was Kornitzer Capital Management, an estimated $14.3M sold.
Based on aggregated 13F filings for Q1 2023.