Target Hospitality
150 hedge funds and large institutions have $430M invested in Target Hospitality in 2023 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 53 increasing their positions, 41 reducing their positions, and 28 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 41
21% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 28
20% more call options, than puts
Call options by funds: $56M | Put options by funds: $46.7M
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
4% more funds holding
Funds holding: 144 → 150 (+6)
1% more capital invested
Capital invested by funds: $427M → $430M (+$3.09M)
0.57% less ownership
Funds ownership: 32.19% → 31.62% (-0.57%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$13.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.95M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$9.67M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$5.75M |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$5.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWE
Avidian Wealth Enterprises
Houston,
Texas
|
-$13.5M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$11.4M |
| 3 |
Morgan Stanley
New York
|
-$7.38M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$5.55M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$5.4M |
TH Hedge Fund Activity: Q2 2023 in Review
150 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q2 2023, worth a combined $430M — up 0.72% from $427M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new TH positions and 28 closed out — a net gain of 6 holders — while 53 added to existing stakes and 41 trimmed.
The largest buyer was CastleKnight Management, opening a new position worth an estimated $13.8M. The largest seller was Avidian Wealth Enterprises, exiting entirely with an estimated $13.5M sold.
- 150 institutional investors held Target Hospitality (TH) as of Q2 2023, up from 144 in Q1 2023.
- Funds reported $430M of Target Hospitality stock for Q2 2023, up 0.72% quarter-over-quarter.
- 34 funds opened new Target Hospitality positions in Q2 2023 and 28 closed out, a net change of +6 holders.
- The largest Target Hospitality buyer in Q2 2023 was CastleKnight Management, an estimated $13.8M added.
- The largest Target Hospitality seller in Q2 2023 was Avidian Wealth Enterprises, an estimated $13.5M sold.
Based on aggregated 13F filings for Q2 2023.