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Targa Resources
TRGP

602 hedge funds and large institutions have $15.5B invested in Targa Resources in 2023 Q2 according to their latest regulatory filings, with 76 funds opening new positions, 228 increasing their positions, 207 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more call options, than puts

Call options by funds: $125M | Put options by funds: $84.7M

31% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 58

10% more repeat investments, than reductions

Existing positions increased: 228 | Existing positions reduced: 207

6% more funds holding in top 10

Funds holding in top 10: 18 → 19 (+1)

3% more funds holding

Funds holding: 587 → 602 (+15)

1% more capital invested

Capital invested by funds: $15.3B → $15.5B (+$168M)

10.85% less ownership

Funds ownership: 100.75% → 89.89% (-11%)

Holders
602
Holders Change
+15
Holders Change %
+2.56%
% of All Funds
9.45%
Holding in Top 10
19
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.56%
% of All Funds
0.3%
New
76
Increased
228
Reduced
207
Closed
58
Calls
$125M
Puts
$84.7M
Net Calls
+$40.6M
Net Calls Change
+$4.85M

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$90.8M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$49.9M
3
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$47.3M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
+$43M
5
Cohen & Steers
Cohen & Steers
New York
+$37M

Top Sellers

1
OIAM
OFI Invest Asset Management
France
-$1.66B
2
Blackstone Inc
Blackstone Inc
New York
-$142M
3
MP
Munro Partners
Australia
-$66.9M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$44.6M
5
ACG
Aventail Capital Group
New York
-$41.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
301
Teza Capital Management
Illinois
$1.12M +$1.07M +14,726 New
DAC
302
Dividend Assets Capital
South Carolina
$1.1M +$1.04M +14,356 +9,571%
PA
303
Profund Advisors
Maryland
$1.1M -$112K -1,541 -10%
Jacobs Levy Equity Management
304
Jacobs Levy Equity Management
New Jersey
$1.07M +$1.02M +14,115 New
RWA
305
River Wealth Advisors
Pennsylvania
$1.07M +$453K +6,241 +79%
Schroder Investment Management Group
306
Schroder Investment Management Group
United Kingdom
$1.07M +$339K +4,679 +50%
LSERS
307
Louisiana State Employees Retirement System
Louisiana
$1.07M -$50.8K -700 -5%
AIP
308
Ameritas Investment Partners
Nebraska
$1.07M – – –
PL
309
Parkwood LLC
Ohio
$1.05M -$21.4K -295 -2%
N
310
Natixis
France
$1.04M +$467K +6,436 +88%
AP
311
Americana Partners
Texas
$1.04M +$73 +1 +0%
TI
312
Tidal Investments
Wisconsin
$1.03M +$175K +2,407 +22%
SC
313
Skylands Capital
Wisconsin
$1.03M +$979K +13,500 New
Nordea Investment Management
314
Nordea Investment Management
Sweden
$1.03M – – –
PAG
315
Private Advisor Group
New Jersey
$1.01M +$669K +9,225 +274%
RA
316
RFG Advisory
Alabama
$1.01M +$133K +1,828 +16%
IMRF
317
Illinois Municipal Retirement Fund
Illinois
$1M -$1.07M -14,779 -53%
LNWWM
318
Laird Norton Wetherby Wealth Management
California
$998K -$25.2K -347 -3%
BRWA
319
B. Riley Wealth Advisors
Florida
$988K -$291K -4,012 -24%
CGH
320
Crossmark Global Holdings
Texas
$968K +$138K +1,903 +19%
AAS
321
Avantax Advisory Services
Texas
$965K -$174K -2,393 -16%
PWM
322
Prosperity Wealth Management
California
$963K -$140K -1,927 -13%
BWP
323
Baldwin Wealth Partners
Massachusetts
$958K -$20.3K -280 -2%
US Bancorp
324
US Bancorp
Minnesota
$951K +$42.8K +590 +5%
BCM
325
Bourgeon Capital Management
Connecticut
$913K – – –
11 12
13
14 15

TRGP Hedge Fund Activity: Q2 2023 in Review

602 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2023, worth a combined $15.5B — up 1.1% from $15.3B a quarter earlier.

Buyers outnumbered sellers: 76 funds opened new TRGP positions and 58 closed out — a net gain of 18 holders — while 228 added to existing stakes and 207 trimmed.

The largest buyer was Deutsche Bank, adding an estimated $90.8M. The largest seller was OFI Invest Asset Management, cutting an estimated $1.66B.

  • 602 institutional investors held Targa Resources (TRGP) as of Q2 2023, up from 587 in Q1 2023.
  • Funds reported $15.5B of Targa Resources stock for Q2 2023, up 1.1% quarter-over-quarter.
  • 76 funds opened new Targa Resources positions in Q2 2023 and 58 closed out, a net change of +18 holders.
  • The largest Targa Resources buyer in Q2 2023 was Deutsche Bank, an estimated $90.8M added.
  • The largest Targa Resources seller in Q2 2023 was OFI Invest Asset Management, an estimated $1.66B sold.

Based on aggregated 13F filings for Q2 2023.