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Targa Resources
TRGP

655 hedge funds and large institutions have $18.1B invested in Targa Resources in 2023 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 236 increasing their positions, 220 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 51

23% more call options, than puts

Call options by funds: $111M | Put options by funds: $89.9M

5% more funds holding

Funds holding: 625 → 655 (+30)

2.67% more ownership

Funds ownership: 90.94% → 93.61% (+2.7%)

7% more repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 220

4% more capital invested

Capital invested by funds: $17.4B → $18.1B (+$681M)

0% more funds holding in top 10

Funds holding in top 10: 17 → 17 (0)

Holders
655
Holders Change
+30
Holders Change %
+4.8%
% of All Funds
9.55%
Holding in Top 10
17
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.25%
New
89
Increased
236
Reduced
220
Closed
51
Calls
$111M
Puts
$89.9M
Net Calls
+$21.1M
Net Calls Change
+$23M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$315M
2
Blackstone Inc
Blackstone Inc
New York
+$305M
3
BlackRock
BlackRock
New York
+$126M
4
Norges Bank
Norges Bank
Norway
+$87.8M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$82.6M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$151M
2
Millennium Management
Millennium Management
New York
-$90.6M
3
TCA
Tortoise Capital Advisors
Kansas
-$68M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$65.5M
5
State Street
State Street
Massachusetts
-$34.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
M&T Bank
226
M&T Bank
New York
$2.77M -$86.2K -1,003 -3%
NYLIM
227
New York Life Investment Management
New York
$2.76M -$125K -1,461 -4%
BCV
228
Banque Cantonale Vaudoise
Switzerland
$2.72M +$2.43M +28,337 +945%
KBC Group
229
KBC Group
Belgium
$2.69M -$1.95M -22,725 -42%
CIBC Asset Management
230
CIBC Asset Management
Ontario, Canada
$2.66M -$127K -1,481 -5%
IG
231
ING Group
Netherlands
$2.65M +$210K +2,441 +9%
LOAMU
232
Lombard Odier Asset Management (USA)
New York
$2.65M – – –
FWIA
233
Fort Washington Investment Advisors
Ohio
$2.64M +$1.6M +18,601 +157%
WorldQuant Millennium Advisors
234
WorldQuant Millennium Advisors
New York
$2.61M +$2.58M +30,059 New
PCA
235
Pallas Capital Advisors
Massachusetts
$2.6M -$70.6K -822 -3%
MOACM
236
Mutual of America Capital Management
New York
$2.59M -$126K -1,467 -5%
Schroder Investment Management Group
237
Schroder Investment Management Group
United Kingdom
$2.54M +$263K +3,067 +12%
DWA
238
Dorsey Wright & Associates
California
$2.52M +$2.49M +28,989 New
MP
239
Munro Partners
Australia
$2.49M +$2.46M +28,610 New
Daiwa Securities Group
240
Daiwa Securities Group
Japan
$2.48M -$621K -7,226 -20%
CWM
241
CIBC World Markets
New York
$2.47M +$1.38M +16,058 +130%
DA
242
Duality Advisers
Florida
$2.45M -$392K -4,561 -14%
LC
243
Lavaca Capital
Texas
$2.45M – – –
MCM
244
Marathon Capital Management
Maryland
$2.45M -$68.7K -800 -3%
PM
245
Penbrook Management
New York
$2.42M -$33.2K -386 -1%
Osaic Holdings
246
Osaic Holdings
Arizona
$2.36M -$577K -6,719 -20%
Creative Planning
247
Creative Planning
Kansas
$2.31M +$345K +4,016 +18%
SC
248
Searle & Co
Connecticut
$2.3M – – –
II
249
Inspire Investing
Idaho
$2.29M +$183K +2,129 +9%
RWM
250
RBA Wealth Management
California
$2.22M +$66.8K +778 +3%
8 9
10
11 12

TRGP Hedge Fund Activity: Q4 2023 in Review

655 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2023, worth a combined $18.1B — up 3.9% from $17.4B a quarter earlier.

Buyers outnumbered sellers: 89 funds opened new TRGP positions and 51 closed out — a net gain of 38 holders — while 236 added to existing stakes and 220 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $315M. The largest seller was Citadel Advisors, cutting an estimated $151M.

  • 655 institutional investors held Targa Resources (TRGP) as of Q4 2023, up from 625 in Q3 2023.
  • Funds reported $18.1B of Targa Resources stock for Q4 2023, up 3.9% quarter-over-quarter.
  • 89 funds opened new Targa Resources positions in Q4 2023 and 51 closed out, a net change of +38 holders.
  • The largest Targa Resources buyer in Q4 2023 was Morgan Stanley, an estimated $315M added.
  • The largest Targa Resources seller in Q4 2023 was Citadel Advisors, an estimated $151M sold.

Based on aggregated 13F filings for Q4 2023.