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.
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%)
Top Buyers
Top Sellers
| 1 |
OIAM
OFI Invest Asset Management
Paris,
France
|
-$1.66B |
| 2 |
Blackstone Inc
New York
|
-$142M |
| 3 |
MP
Munro Partners
Melbourne,
Australia
|
-$66.9M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$44.6M |
| 5 |
ACG
Aventail Capital Group
New York
|
-$41.9M |
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.