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Targa Resources
TRGP

825 hedge funds and large institutions have $29.1B invested in Targa Resources in 2024 Q3 according to their latest regulatory filings, with 134 funds opening new positions, 318 increasing their positions, 273 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 46

22% more call options, than puts

Call options by funds: $232M | Put options by funds: $191M

16% more repeat investments, than reductions

Existing positions increased: 318 | Existing positions reduced: 273

13% more capital invested

Capital invested by funds: $25.7B → $29.1B (+$3.37B)

11% more funds holding

Funds holding: 743 → 825 (+82)

5% more funds holding in top 10

Funds holding in top 10: 20 → 21 (+1)

0.31% less ownership

Funds ownership: 90.11% → 89.8% (-0.31%)

Holders
825
Holders Change
+82
Holders Change %
+11.04%
% of All Funds
11.85%
Holding in Top 10
21
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5%
% of All Funds
0.3%
New
134
Increased
318
Reduced
273
Closed
46
Calls
$232M
Puts
$191M
Net Calls
+$41.4M
Net Calls Change
+$28.7M

Top Buyers

1
N
Nuveen
North Carolina
+$117M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$89.2M
3
Allianz Asset Management
Allianz Asset Management
Germany
+$80.6M
4
Millennium Management
Millennium Management
New York
+$76.7M
5
Morgan Stanley
Morgan Stanley
New York
+$55.6M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$237M
2
TCA
Tortoise Capital Advisors
Kansas
-$217M
3
Deutsche Bank
Deutsche Bank
Germany
-$194M
4
KACA
Kayne Anderson Capital Advisors
California
-$78.6M
5
Jennison Associates
Jennison Associates
New York
-$69.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Charles Schwab
26
Charles Schwab
California
$211M +$288K +2,045 +0.1%
ZP
27
Zimmer Partners
New York
$206M -$53.9M -383,200 -22%
UBS AM
28
UBS AM
Illinois
$197M +$2.01M +14,287 +1%
Jennison Associates
29
Jennison Associates
New York
$193M -$69.3M -492,458 -27%
JP Morgan Chase
30
JP Morgan Chase
New York
$186M +$13.5M +96,268 +8%
BC
31
Brookfield Corp
Ontario, Canada
$168M -$23M -163,638 -13%
Barclays
32
Barclays
United Kingdom
$153M +$23.7M +168,602 +19%
EIP
33
Energy Income Partners
Connecticut
$145M -$2.79M -19,845 -2%
Truist Financial
34
Truist Financial
North Carolina
$138M +$13.6M +96,406 +11%
American Century Companies
35
American Century Companies
Missouri
$135M +$16.8M +119,645 +15%
WHG
36
Westwood Holdings Group
Texas
$134M -$41.3M -293,343 -24%
Allspring Global Investments
37
Allspring Global Investments
North Carolina
$133M -$14.4M -102,184 -10%
Mitsubishi UFJ Trust & Banking
38
Mitsubishi UFJ Trust & Banking
Japan
$133M -$8.14M -57,819 -6%
Renaissance Technologies
39
Renaissance Technologies
New York
$127M +$13.8M +98,286 +13%
MIM
40
Merewether Investment Management
Texas
$127M +$15.2M +107,900 +14%
Bank of America
41
Bank of America
North Carolina
$126M +$18.9M +134,225 +19%
Cohen & Steers
42
Cohen & Steers
New York
$126M +$4.69M +33,339 +4%
CIBC Private Wealth Group
43
CIBC Private Wealth Group
Georgia
$125M +$3.2M +22,761 +3%
Principal Financial Group
44
Principal Financial Group
Iowa
$121M +$3.18M +22,621 +3%
BG
45
Bahl & Gaynor
Ohio
$120M +$17.4M +123,621 +18%
Arrowstreet Capital
46
Arrowstreet Capital
Massachusetts
$118M +$42.3M +300,820 +61%
ClearBridge Investments
47
ClearBridge Investments
New York
$117M -$830K -5,900 -0.7%
NIM
48
NXG Investment Management
Texas
$116M -$8.79M -62,479 -7%
Citadel Advisors
49
Citadel Advisors
Florida
$102M +$45.7M +325,000 +90%
CI Investments Inc
50
CI Investments Inc
Ontario, Canada
$96.3M -$8.82M -62,676 -9%
1
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3 4 5

TRGP Hedge Fund Activity: Q3 2024 in Review

825 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2024, worth a combined $29.1B — up 13% from $25.7B a quarter earlier.

Buyers outnumbered sellers: 134 funds opened new TRGP positions and 46 closed out — a net gain of 88 holders — while 318 added to existing stakes and 273 trimmed.

The largest buyer was Nuveen, adding an estimated $117M. The largest seller was Blackstone Inc, cutting an estimated $237M.

  • 825 institutional investors held Targa Resources (TRGP) as of Q3 2024, up from 743 in Q2 2024.
  • Funds reported $29.1B of Targa Resources stock for Q3 2024, up 13% quarter-over-quarter.
  • 134 funds opened new Targa Resources positions in Q3 2024 and 46 closed out, a net change of +88 holders.
  • The largest Targa Resources buyer in Q3 2024 was Nuveen, an estimated $117M added.
  • The largest Targa Resources seller in Q3 2024 was Blackstone Inc, an estimated $237M sold.

Based on aggregated 13F filings for Q3 2024.