Target Hospitality
136 hedge funds and large institutions have $317M invested in Target Hospitality in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 46 increasing their positions, 49 reducing their positions, and 28 closing their positions.
249% more call options, than puts
Call options by funds: $66M | Put options by funds: $18.9M
0.51% more ownership
Funds ownership: 31.53% → 32.05% (+0.51%)
6% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 49
3% less funds holding
Funds holding: 140 → 136 (-4)
14% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 28
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
38% less capital invested
Capital invested by funds: $509M → $317M (-$192M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VC
Voss Capital
Houston,
Texas
|
+$16.7M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$4.42M |
| 3 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
+$4.17M |
| 4 |
Renaissance Technologies
New York
|
+$3.54M |
| 5 |
CM
CastleKnight Management
New York
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$6.63M |
| 2 |
CC
Cowbird Capital
New York
|
-$5.67M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$4.65M |
| 4 |
Two Sigma Advisers
New York
|
-$4.3M |
| 5 |
BGC
Blue Grotto Capital
Atlanta,
Georgia
|
-$4.29M |
TH Hedge Fund Activity: Q4 2023 in Review
136 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q4 2023, worth a combined $317M — down 38% from $509M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TH and 24 opened new positions — a net loss of 4 holders — while 49 trimmed existing stakes and 46 added.
The largest buyer was Voss Capital, opening a new position worth an estimated $16.7M. The largest seller was Stephens Inc, exiting entirely with an estimated $6.63M sold.
- 136 institutional investors held Target Hospitality (TH) as of Q4 2023, down from 140 in Q3 2023.
- Funds reported $317M of Target Hospitality stock for Q4 2023, down 38% quarter-over-quarter.
- 24 funds opened new Target Hospitality positions in Q4 2023 and 28 closed out, a net change of -4 holders.
- The largest Target Hospitality buyer in Q4 2023 was Voss Capital, an estimated $16.7M added.
- The largest Target Hospitality seller in Q4 2023 was Stephens Inc, an estimated $6.63M sold.
Based on aggregated 13F filings for Q4 2023.