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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
GCP
426
GSA Capital Partners
United Kingdom
$332K +$44.8K +618 +17%
QI
427
Qtron Investments
Massachusetts
$332K – – –
PSP
428
Principal Street Partners
Tennessee
$327K -$26.9K -371 -8%
QPWM
429
Quadrant Private Wealth Management
Pennsylvania
$325K +$5.08K +70 +2%
SGCA
430
Steel Grove Capital Advisors
Tennessee
$322K -$9.94K -137 -3%
AAM
431
Advisors Asset Management
Colorado
$317K +$220K +3,026 +264%
MYAM
432
Meiji Yasuda Asset Management
Japan
$314K +$18.1K +250 +6%
CM
433
Capula Management
Cayman Islands
$314K +$299K +4,120 New
TRCT
434
Tower Research Capital (TRC)
New York
$308K -$1.06M -14,618 -78%
EVM
435
Evelyn V. Moreno
$307K – – –
SF
436
Summit Financial
New Jersey
$305K – – –
Northwestern Mutual Wealth Management
437
Northwestern Mutual Wealth Management
Wisconsin
$304K +$10.5K +145 +4%
VFA
438
Values First Advisors
Tennessee
$299K +$90K +1,241 +46%
VC
439
Veracity Capital
Georgia
$299K +$10.2K +141 +4%
SPIA
440
Steward Partners Investment Advisory
New York
$299K +$218 +3 +0.1%
LWM
441
Lyell Wealth Management
California
$299K – – –
NA
442
NewEdge Advisors
Louisiana
$299K +$263K +3,629 +1,230%
Vontobel Holding
443
Vontobel Holding
Switzerland
$291K +$25.7K +354 +10%
OLA
444
Oliver Luxxe Assets
New Jersey
$291K – – –
Wolverine Trading
445
Wolverine Trading
Illinois
$291K +$280K +3,866 New
OWM
446
OneAscent Wealth Management
Alabama
$286K +$272K +3,756 New
LCM
447
Lazari Capital Management
California
$280K +$267K +3,682 New
SCA
448
Snowden Capital Advisors
New York
$276K +$4.86K +67 +2%
FW
449
FirstPurpose Wealth
Utah
$272K – – –
CCA
450
Checchi Capital Advisers
California
$270K +$12.3K +169 +5%
16 17
18
19 20

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.