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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
IGAM
451
iA Global Asset Management
Quebec, Canada
$268K +$256K +3,524 New
OFS
452
OneAscent Financial Services
Alabama
$267K +$254K +3,502 New
XT
453
XTX Topco
Cayman Islands
$264K -$559K -7,709 -69%
SA
454
Syntax Advisors
New York
$263K -$1.09K -15 -0.4%
VCG
455
Vantage Consulting Group
Virginia
$263K -$1.09K -15 -0.4%
DAS
456
Dynamic Advisor Solutions
Arizona
$262K +$250K +3,448 New
BNP Paribas Asset Management
457
BNP Paribas Asset Management
France
$260K -$412K -5,676 -62%
RC
458
Resolution Capital
Australia
$260K +$248K +3,414 New
Brown Advisory
459
Brown Advisory
Maryland
$256K +$17.4K +240 +8%
PA
460
Parallel Advisors
California
$256K -$3.85K -53 -2%
HI
461
Horizon Investments
North Carolina
$253K +$18K +248 +8%
QFA
462
Quantum Financial Advisors
California
$253K – – –
RJT
463
Raymond James Trust
Florida
$252K +$6.53K +90 +3%
BP
464
Ballentine Partners
Massachusetts
$246K +$8.12K +112 +4%
MG
465
Mather Group
Illinois
$242K -$73 -1 -0%
ECM
466
Evergreen Capital Management
Washington
$241K +$230K +3,169 New
VIA
467
Vident Investment Advisory
Georgia
$238K +$19.4K +267 +9%
PCM
468
Pointe Capital Management
Michigan
$238K – – –
LF
469
Lee Financial
Texas
$236K – – –
UID
470
Union Investments & Development
Israel
$236K – – –
WP
471
Wealthspan Partners
Iowa
$236K – – –
KPWS
472
Kestra Private Wealth Services
Texas
$232K – – –
CC
473
Cornerstone Capital
California
$230K – – –
BCV
474
Banque Cantonale Vaudoise
Switzerland
$229K – – –
FA
475
FDx Advisors
Illinois
$229K +$218K +3,003 New
17 18
19
20 21

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.