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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
ZCM
401
Ziegler Capital Management
Illinois
$415K – – –
EAM
402
Erste Asset Management
Austria
$414K – – –
PSC
403
Portman Square Capital
United Kingdom
$408K +$389K +5,360 New
II
404
Inspire Investing
Idaho
$398K +$3.55K +49 +0.9%
RAM
405
Roanoke Asset Management
New Jersey
$397K – – –
S
406
SignatureFD
Georgia
$393K +$24.5K +338 +7%
BMSSC
407
B. Metzler seel. Sohn & Co
Germany
$393K – – –
TH
408
TCTC Holdings
Texas
$383K -$94.3K -1,300 -21%
AC
409
AWM Capital
Arizona
$381K – – –
FFM
410
Forum Financial Management
Illinois
$376K – – –
RWM
411
Ritholtz Wealth Management
New York
$375K +$3.7K +51 +1%
P
412
Pitcairn
Pennsylvania
$372K -$2.03K -28 -0.6%
OC
413
Oppenheimer & Co
New York
$369K -$329K -4,533 -48%
HWMT
414
Heritage Wealth Management (Texas)
Texas
$369K – – –
MFG
415
MidWestOne Financial Group
Iowa
$356K +$339K +4,674 New
MS
416
Maven Securities
Jersey
$355K +$338K +4,665 New
GSC
417
Grey Street Capital
Illinois
$353K +$6.75K +93 +2%
Cetera Investment Advisers
418
Cetera Investment Advisers
Illinois
$349K -$184K -2,533 -36%
CIC
419
Carnegie Investment Counsel
Ohio
$349K – – –
DCM
420
Dudley Capital Management
Virginia
$342K – – –
Luther King Capital Management (LKCM)
421
Luther King Capital Management (LKCM)
Texas
$341K – – –
Capstone Investment Advisors
422
Capstone Investment Advisors
New York
$337K -$190K -2,623 -37%
HWM
423
HB Wealth Management
Georgia
$337K +$7.76K +107 +2%
VAS
424
Vestmark Advisory Solutions
Massachusetts
$337K -$24.1K -332 -7%
SWP
425
Stratos Wealth Partners
Ohio
$335K -$12.9K -178 -4%
15 16
17
18 19

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.