Target Hospitality
125 hedge funds and large institutions have $222M invested in Target Hospitality in 2024 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 49 increasing their positions, 27 reducing their positions, and 39 closing their positions.
597% more call options, than puts
Call options by funds: $32M | Put options by funds: $4.6M
81% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 27
2.86% less ownership
Funds ownership: 28.28% → 25.43% (-2.9%)
7% less funds holding
Funds holding: 135 → 125 (-10)
23% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 39
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
28% less capital invested
Capital invested by funds: $309M → $222M (-$87.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.75M |
| 2 |
DA
Denali Advisors
San Diego,
California
|
+$1.73M |
| 3 |
AMC
Atlas Merchant Capital
New York
|
+$1.57M |
| 4 |
LP
LB Partners
Charlottesville,
Virginia
|
+$1.4M |
| 5 |
ACM
ADAR1 Capital Management
Austin,
Texas
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KLC
Kent Lake Capital
Reno,
Nevada
|
-$5.43M |
| 2 |
CC
Conversant Capital
Summit,
New Jersey
|
-$5.28M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$4.49M |
| 4 |
YSP
Yarra Square Partners
New York
|
-$4.25M |
| 5 |
CC
Cowbird Capital
New York
|
-$4.18M |
TH Hedge Fund Activity: Q2 2024 in Review
125 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q2 2024, worth a combined $222M — down 28% from $309M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of TH and 30 opened new positions — a net loss of 9 holders — while 27 trimmed existing stakes and 49 added.
The largest buyer was DRW Securities, opening a new position worth an estimated $1.75M. The largest seller was Kent Lake Capital, exiting entirely with an estimated $5.43M sold.
- 125 institutional investors held Target Hospitality (TH) as of Q2 2024, down from 135 in Q1 2024.
- Funds reported $222M of Target Hospitality stock for Q2 2024, down 28% quarter-over-quarter.
- 30 funds opened new Target Hospitality positions in Q2 2024 and 39 closed out, a net change of -9 holders.
- The largest Target Hospitality buyer in Q2 2024 was DRW Securities, an estimated $1.75M added.
- The largest Target Hospitality seller in Q2 2024 was Kent Lake Capital, an estimated $5.43M sold.
Based on aggregated 13F filings for Q2 2024.