Targa Resources
TRGP
946 hedge funds and large institutions have $35.6B invested in Targa Resources in 2024 Q4 according to their latest regulatory filings, with 181 funds opening new positions, 323 increasing their positions, 328 reducing their positions, and 50 closing their positions.
262% more first-time investments, than exits
New positions opened: 181 | Existing positions closed: 50
30% more call options, than puts
Call options by funds: $256M | Put options by funds: $197M
22% more capital invested
Capital invested by funds: $29.1B → $35.6B (+$6.49B)
15% more funds holding
Funds holding: 825 → 946 (+121)
14% more funds holding in top 10
Funds holding in top 10: 21 → 24 (+3)
1.57% more ownership
Funds ownership: 89.8% → 91.38% (+1.6%)
2% less repeat investments, than reductions
Existing positions increased: 323 | Existing positions reduced: 328
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$395M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$186M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$186M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$148M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$96.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$408M |
| 2 |
Blackstone Inc
New York
|
-$237M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$120M |
| 4 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$95.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$92.7M |
TRGP Hedge Fund Activity: Q4 2024 in Review
946 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2024, worth a combined $35.6B — up 22% from $29.1B a quarter earlier.
Buyers outnumbered sellers: 181 funds opened new TRGP positions and 50 closed out — a net gain of 131 holders — while 323 added to existing stakes and 328 trimmed.
The largest buyer was GQG Partners, opening a new position worth an estimated $395M. The largest seller was Wellington Management Group, cutting an estimated $408M.
- 946 institutional investors held Targa Resources (TRGP) as of Q4 2024, up from 825 in Q3 2024.
- Funds reported $35.6B of Targa Resources stock for Q4 2024, up 22% quarter-over-quarter.
- 181 funds opened new Targa Resources positions in Q4 2024 and 50 closed out, a net change of +131 holders.
- The largest Targa Resources buyer in Q4 2024 was GQG Partners, an estimated $395M added.
- The largest Targa Resources seller in Q4 2024 was Wellington Management Group, an estimated $408M sold.
Based on aggregated 13F filings for Q4 2024.