Target Hospitality
140 hedge funds and large institutions have $509M invested in Target Hospitality in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 59 increasing their positions, 40 reducing their positions, and 33 closing their positions.
139% more call options, than puts
Call options by funds: $169M | Put options by funds: $70.8M
48% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 40
18% more capital invested
Capital invested by funds: $430M → $509M (+$79.1M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0.09% less ownership
Funds ownership: 31.62% → 31.53% (-0.09%)
7% less funds holding
Funds holding: 150 → 140 (-10)
30% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$18.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.38M |
| 3 |
CC
Conversant Capital
Summit,
New Jersey
|
+$4.75M |
| 4 |
BGC
Blue Grotto Capital
Atlanta,
Georgia
|
+$3.81M |
| 5 |
Group One Trading
Chicago,
Illinois
|
+$3.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$19.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$9.65M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$9.38M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$5.3M |
| 5 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$4.55M |
TH Hedge Fund Activity: Q3 2023 in Review
140 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q3 2023, worth a combined $509M — up 18% from $430M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of TH and 23 opened new positions — a net loss of 10 holders — while 40 trimmed existing stakes and 59 added.
The largest buyer was HighTower Advisors, adding an estimated $18.6M. The largest seller was Coastal Bridge Advisors, cutting an estimated $19.5M.
- 140 institutional investors held Target Hospitality (TH) as of Q3 2023, down from 150 in Q2 2023.
- Funds reported $509M of Target Hospitality stock for Q3 2023, up 18% quarter-over-quarter.
- 23 funds opened new Target Hospitality positions in Q3 2023 and 33 closed out, a net change of -10 holders.
- The largest Target Hospitality buyer in Q3 2023 was HighTower Advisors, an estimated $18.6M added.
- The largest Target Hospitality seller in Q3 2023 was Coastal Bridge Advisors, an estimated $19.5M sold.
Based on aggregated 13F filings for Q3 2023.