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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
ASN
351
Advisory Services Network
Georgia
$687K -$159K -2,198 -20%
BAAM
352
Baker Avenue Asset Management
California
$685K +$653K +9,000 +128,571%
QCM
353
Qsemble Capital Management
New York
$685K +$653K +9,000 New
SM
354
Sciencast Management
New Jersey
$678K +$404K +5,570 +178%
OTL
355
Oak Thistle LLC
New York
$662K +$242K +3,337 +62%
Squarepoint
356
Squarepoint
New York
$659K +$628K +8,661 New
Cerity Partners
357
Cerity Partners
New York
$659K +$27.1K +373 +5%
Commonwealth Equity Services
358
Commonwealth Equity Services
Massachusetts
$650K +$11.1K +153 +2%
FWIA
359
Fort Washington Investment Advisors
Ohio
$633K -$1.05M -14,500 -64%
Mercer Global Advisors
360
Mercer Global Advisors
Colorado
$626K -$28.3K -390 -5%
NB
361
Norinchukin Bank
Japan
$622K -$173K -2,386 -23%
BFG
362
Bleakley Financial Group
New Jersey
$621K -$6.67K -92 -1%
SS
363
Simplicity Solutions
Minnesota
$621K -$6.96K -96 -1%
KRSITF
364
Kentucky Retirement Systems Insurance Trust Fund
Kentucky
$617K +$4.28K +59 +0.7%
GS
365
GTS Securities
New York
$612K +$583K +8,041 New
CWP
366
CFM Wealth Partners
Texas
$599K -$3.19K -44 -0.6%
SI
367
SCP Investment
California
$594K +$50.8K +700 +10%
GCP
368
Garda Capital Partners
Minnesota
$592K +$314K +4,325 +125%
BAMF
369
BI Asset Management Fondsmaeglerselskab
Denmark
$587K +$188K +2,595 +51%
SLAM
370
Swiss Life Asset Management
$581K -$60.8K -838 -10%
BCM
371
Brasada Capital Management
Texas
$574K – – –
MML Investors Services
372
MML Investors Services
Massachusetts
$565K +$87.5K +1,206 +19%
Verition Fund Management
373
Verition Fund Management
Connecticut
$563K -$22.4M -309,314 -98%
CAM
374
Centre Asset Management
New York
$562K – – –
Lazard Asset Management
375
Lazard Asset Management
New York
$559K +$183K +2,516 +52%
13 14
15
16 17

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.