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Target Hospitality
TH

129 hedge funds and large institutions have $275M invested in Target Hospitality in 2024 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 37 increasing their positions, 41 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

251% more call options, than puts

Call options by funds: $37.4M | Put options by funds: $10.6M

35% more capital invested

Capital invested by funds: $204M → $275M (+$71.1M)

2.65% more ownership

Funds ownership: 26.15% → 28.8% (+2.6%)

0% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 31

1% less funds holding

Funds holding: 130 → 129 (-1)

10% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 41

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
129
Holders Change
-1
Holders Change %
-0.77%
% of All Funds
1.7%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
31
Increased
37
Reduced
41
Closed
31
Calls
$37.4M
Puts
$10.6M
Net Calls
+$26.7M
Net Calls Change
-$1.49M

Top Buyers

1
ECP
Empyrean Capital Partners
California
+$8.46M
2
RCMNY
Rubric Capital Management (New York)
New York
+$7.13M
3
IECM
Intrinsic Edge Capital Management
Illinois
+$3.76M
4
Teacher Retirement System of Texas
Teacher Retirement System of Texas
Texas
+$2.34M
5
SC
Shay Capital
New York
+$2.31M

Top Sellers

1
LP
LB Partners
Virginia
-$4.17M
2
GS
GTS Securities
New York
-$1.59M
3
Nordea Investment Management
Nordea Investment Management
Sweden
-$1.51M
4
DS
DRW Securities
Illinois
-$1.08M
5
JP Morgan Chase
JP Morgan Chase
New York
-$978K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCMF
1
Private Capital Management (Florida)
Florida
$48.4M -$933K -111,529 -2%
CC
2
Conversant Capital
New Jersey
$47.3M +$836K +100,000 +2%
BlackRock
3
BlackRock
New York
$24.2M -$39.8K -4,754 -0.2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$19M +$665K +79,561 +4%
HighTower Advisors
5
HighTower Advisors
Illinois
$14.2M – – –
ECP
6
Empyrean Capital Partners
California
$9.78M +$8.46M +1,012,000 New
Arrowstreet Capital
7
Arrowstreet Capital
Massachusetts
$9.75M +$2.05M +245,252 +32%
Renaissance Technologies
8
Renaissance Technologies
New York
$8.41M +$125K +14,992 +2%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$8.33M +$55.4K +6,624 +0.8%
RCMNY
10
Rubric Capital Management (New York)
New York
$8.24M +$7.13M +852,505 New
State Street
11
State Street
Massachusetts
$7.33M +$272K +32,540 +4%
American Century Companies
12
American Century Companies
Missouri
$6.72M +$821K +98,135 +16%
Citadel Advisors
13
Citadel Advisors
Florida
$4.42M -$817K -97,704 -18%
IECM
14
Intrinsic Edge Capital Management
Illinois
$4.35M +$3.76M +450,000 New
Northern Trust
15
Northern Trust
Illinois
$3.25M +$127K +15,155 +5%
Teacher Retirement System of Texas
16
Teacher Retirement System of Texas
Texas
$2.71M +$2.34M +279,834 New
Charles Schwab
17
Charles Schwab
California
$2.68M +$49.9K +5,967 +2%
SC
18
Shay Capital
New York
$2.67M +$2.31M +275,900 New
CAPTRUST Financial Advisors
19
CAPTRUST Financial Advisors
North Carolina
$2.33M -$79.1K -9,459 -4%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$2.2M -$110K -13,164 -5%
Squarepoint
21
Squarepoint
New York
$2.08M +$1.8M +214,830 New
Morgan Stanley
22
Morgan Stanley
New York
$1.99M +$383K +45,818 +29%
Dimensional Fund Advisors
23
Dimensional Fund Advisors
Texas
$1.93M +$1.35M +161,036 +420%
JP Morgan Chase
24
JP Morgan Chase
New York
$1.88M -$978K -116,907 -38%
CM
25
Caption Management
Oklahoma
$1.79M +$950K +113,648 +159%
1
2 3 4 5

TH Hedge Fund Activity: Q4 2024 in Review

129 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q4 2024, worth a combined $275M — up 35% from $204M a quarter earlier.

Fund positioning in TH was balanced in Q4 2024: 31 funds opened new positions, 31 closed out, 37 added to existing stakes and 41 trimmed.

The largest buyer was Empyrean Capital Partners, opening a new position worth an estimated $8.46M. The largest seller was LB Partners, exiting entirely with an estimated $4.17M sold.

  • 129 institutional investors held Target Hospitality (TH) as of Q4 2024, down from 130 in Q3 2024.
  • Funds reported $275M of Target Hospitality stock for Q4 2024, up 35% quarter-over-quarter.
  • 31 funds opened new Target Hospitality positions in Q4 2024 and 31 closed out, a net change of 0 holders.
  • The largest Target Hospitality buyer in Q4 2024 was Empyrean Capital Partners, an estimated $8.46M added.
  • The largest Target Hospitality seller in Q4 2024 was LB Partners, an estimated $4.17M sold.

Based on aggregated 13F filings for Q4 2024.