Targa Resources
TRGP
587 hedge funds and large institutions have $15.3B invested in Targa Resources in 2023 Q1 according to their latest regulatory filings, with 85 funds opening new positions, 207 increasing their positions, 204 reducing their positions, and 48 closing their positions.
85% more call options, than puts
Call options by funds: $77.8M | Put options by funds: $42.1M
77% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 48
10.44% more ownership
Funds ownership: 90.31% → 100.75% (+10%)
5% more funds holding
Funds holding: 558 → 587 (+29)
3% more capital invested
Capital invested by funds: $14.9B → $15.3B (+$434M)
1% more repeat investments, than reductions
Existing positions increased: 207 | Existing positions reduced: 204
0% more funds holding in top 10
Funds holding in top 10: 18 → 18 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$102M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$83.8M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$82.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$62.4M |
| 5 |
ACG
Aventail Capital Group
New York
|
+$34.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$107M |
| 2 |
Blackstone Inc
New York
|
-$73.3M |
| 3 |
Los Angeles Capital Management
Los Angeles,
California
|
-$49.3M |
| 4 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$47.8M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$44.5M |
TRGP Hedge Fund Activity: Q1 2023 in Review
587 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2023, worth a combined $15.3B — up 2.9% from $14.9B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new TRGP positions and 48 closed out — a net gain of 37 holders — while 207 added to existing stakes and 204 trimmed.
The largest buyer was Vanguard Group, adding an estimated $102M. The largest seller was Goldman Sachs, cutting an estimated $107M.
- 587 institutional investors held Targa Resources (TRGP) as of Q1 2023, up from 558 in Q4 2022.
- Funds reported $15.3B of Targa Resources stock for Q1 2023, up 2.9% quarter-over-quarter.
- 85 funds opened new Targa Resources positions in Q1 2023 and 48 closed out, a net change of +37 holders.
- The largest Targa Resources buyer in Q1 2023 was Vanguard Group, an estimated $102M added.
- The largest Targa Resources seller in Q1 2023 was Goldman Sachs, an estimated $107M sold.
Based on aggregated 13F filings for Q1 2023.