Target Hospitality
137 hedge funds and large institutions have $259M invested in Target Hospitality in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 44 reducing their positions, and 16 closing their positions.
100% more call options, than puts
Call options by funds: $5.29M | Put options by funds: $2.64M
19% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 16
2% more funds holding
Funds holding: 134 → 137 (+3)
1.27% more ownership
Funds ownership: 31.17% → 32.44% (+1.3%)
9% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 44
2% less capital invested
Capital invested by funds: $264M → $259M (-$4.42M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$6.12M |
| 2 |
LCM
Lonestar Capital Management
San Francisco,
California
|
+$3.79M |
| 3 |
RA
Royce & Associates
New York
|
+$2.65M |
| 4 |
PCM
Philosophy Capital Management
Alamo,
California
|
+$2.17M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Shay Capital
New York
|
-$2.64M |
| 2 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$1.95M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
-$1.84M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$1.75M |
| 5 |
Bank of New York Mellon
New York
|
-$900K |
TH Hedge Fund Activity: Q4 2025 in Review
137 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Target Hospitality (TH) for Q4 2025, worth a combined $259M — down 1.7% from $264M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new TH positions and 16 closed out — a net gain of 3 holders — while 48 added to existing stakes and 44 trimmed.
The largest buyer was Philadelphia Financial Management of San Francisco, adding an estimated $6.12M. The largest seller was Shay Capital, cutting an estimated $2.64M.
- 137 institutional investors held Target Hospitality (TH) as of Q4 2025, up from 134 in Q3 2025.
- Funds reported $259M of Target Hospitality stock for Q4 2025, down 1.7% quarter-over-quarter.
- 19 funds opened new Target Hospitality positions in Q4 2025 and 16 closed out, a net change of +3 holders.
- The largest Target Hospitality buyer in Q4 2025 was Philadelphia Financial Management of San Francisco, an estimated $6.12M added.
- The largest Target Hospitality seller in Q4 2025 was Shay Capital, an estimated $2.64M sold.
Based on aggregated 13F filings for Q4 2025.