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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
GAM
376
Gould Asset Management
California
$554K – – –
CG
377
Caprock Group
Idaho
$553K +$239K +3,297 +83%
NMIMC
378
Northwestern Mutual Investment Management Company
Wisconsin
$543K +$1.02K +14 +0.2%
API
379
Advisor Partners II
California
$530K +$102K +1,403 +25%
SMH
380
Sanders Morris Harris
Texas
$513K – – –
V
381
Veritable
Delaware
$500K – – –
MAM
382
Meeder Asset Management
Ohio
$497K +$252K +3,468 +113%
JHCP
383
Jackson Hole Capital Partners
Oklahoma
$490K – – –
BBVA
384
Banco Bilbao Vizcaya Argentaria
Spain
$485K +$10.8K +149 +2%
CCM
385
Coldstream Capital Management
Washington
$484K +$14.1K +195 +3%
GAM
386
Gotham Asset Management
New York
$480K +$457K +6,303 New
HIM
387
Hillsdale Investment Management
Ontario, Canada
$476K +$453K +6,250 New
PTC
388
Petrus Trust Company
Texas
$469K +$149K +2,057 +50%
HCM
389
Hilton Capital Management
New York
$469K -$21.4K -295 -5%
GT
390
Greenleaf Trust
Michigan
$468K +$8.34K +115 +2%
BCI
391
Brinker Capital Investments
Pennsylvania
$466K +$9.29K +128 +2%
OPS
392
Orion Portfolio Solutions
Nebraska
$466K +$9.29K +128 +2%
SCM
393
Stevens Capital Management
Pennsylvania
$465K -$93.7K -1,292 -17%
KAS
394
Kestra Advisory Services
Texas
$462K +$7.54K +104 +2%
PP
395
Prudential plc
United Kingdom
$460K -$2.25K -31 -0.5%
OAM
396
Ostrum Asset Management
France
$449K +$363 +5 +0.1%
FTDI
397
First Trust Direct Indexing
Massachusetts
$448K +$5.15K +71 +1%
Cambridge Investment Research Advisors
398
Cambridge Investment Research Advisors
Iowa
$438K +$26.8K +370 +7%
IC
399
IEQ Capital
California
$420K +$41.2K +568 +11%
Truist Financial
400
Truist Financial
North Carolina
$417K +$5.44K +75 +1%
14 15
16
17 18

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.