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Targa Resources
TRGP

946 hedge funds and large institutions have $35.6B invested in Targa Resources in 2024 Q4 according to their latest regulatory filings, with 181 funds opening new positions, 323 increasing their positions, 328 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

262% more first-time investments, than exits

New positions opened: 181 | Existing positions closed: 50

30% more call options, than puts

Call options by funds: $256M | Put options by funds: $197M

22% more capital invested

Capital invested by funds: $29.1B → $35.6B (+$6.49B)

15% more funds holding

Funds holding: 825 → 946 (+121)

14% more funds holding in top 10

Funds holding in top 10: 21 → 24 (+3)

1.57% more ownership

Funds ownership: 89.8% → 91.38% (+1.6%)

2% less repeat investments, than reductions

Existing positions increased: 323 | Existing positions reduced: 328

Holders
946
Holders Change
+121
Holders Change %
+14.67%
% of All Funds
12.46%
Holding in Top 10
24
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+14.29%
% of All Funds
0.32%
New
181
Increased
323
Reduced
328
Closed
50
Calls
$256M
Puts
$197M
Net Calls
+$58.2M
Net Calls Change
+$16.8M

Top Buyers

1
GQG Partners
GQG Partners
Florida
+$395M
2
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$186M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$186M
4
TD Asset Management
TD Asset Management
Ontario, Canada
+$148M
5
Norges Bank
Norges Bank
Norway
+$96.5M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$408M
2
Blackstone Inc
Blackstone Inc
New York
-$237M
3
Invesco
Invesco
Georgia
-$120M
4
EIP
Energy Income Partners
Connecticut
-$95.3M
5
Citadel Advisors
Citadel Advisors
Florida
-$92.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
KACA
26
Kayne Anderson Capital Advisors
California
$262M -$82M -457,269 -24%
Charles Schwab
27
Charles Schwab
California
$261M +$6.94M +38,723 +3%
Legal & General Group
28
Legal & General Group
United Kingdom
$261M -$22.7M -126,610 -8%
UBS AM
29
UBS AM
Illinois
$233M -$4.78M -26,636 -2%
BC
30
Brookfield Corp
Ontario, Canada
$220M +$17M +94,622 +8%
Canada Pension Plan Investment Board
31
Canada Pension Plan Investment Board
Ontario, Canada
$204M +$186M +1,038,350 +982%
Qube Research & Technologies (QRT)
32
Qube Research & Technologies (QRT)
United Kingdom
$203M +$186M +1,037,513 +1,039%
WHG
33
Westwood Holdings Group
Texas
$184M +$22.5M +125,542 +14%
Bank of America
34
Bank of America
North Carolina
$175M +$22.5M +125,694 +15%
American Century Companies
35
American Century Companies
Missouri
$174M +$11.4M +63,548 +7%
TD Asset Management
36
TD Asset Management
Ontario, Canada
$173M +$148M +825,267 +569%
CIBC Private Wealth Group
37
CIBC Private Wealth Group
Georgia
$168M +$5.54M +30,904 +4%
JP Morgan Chase
38
JP Morgan Chase
New York
$167M -$57.3M -319,367 -25%
MIM
39
Merewether Investment Management
Texas
$167M +$14.7M +81,928 +10%
Barclays
40
Barclays
United Kingdom
$167M -$17.7M -98,593 -10%
Jennison Associates
41
Jennison Associates
New York
$164M -$68.5M -382,117 -29%
Allspring Global Investments
42
Allspring Global Investments
North Carolina
$162M -$3.26M -18,163 -2%
Allianz Asset Management
43
Allianz Asset Management
Germany
$159M +$45.6M +254,286 +40%
BG
44
Bahl & Gaynor
Ohio
$156M +$11.7M +65,346 +8%
Arrowstreet Capital
45
Arrowstreet Capital
Massachusetts
$151M +$9.02M +50,284 +6%
Raymond James Financial
46
Raymond James Financial
Florida
$150M +$151M +842,419 New
Truist Financial
47
Truist Financial
North Carolina
$148M -$19M -106,090 -11%
Cohen & Steers
48
Cohen & Steers
New York
$146M -$6.42M -35,787 -4%
Millennium Management
49
Millennium Management
New York
$144M +$33.7M +188,033 +30%
Balyasny Asset Management
50
Balyasny Asset Management
Illinois
$142M +$49M +273,273 +52%
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TRGP Hedge Fund Activity: Q4 2024 in Review

946 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2024, worth a combined $35.6B — up 22% from $29.1B a quarter earlier.

Buyers outnumbered sellers: 181 funds opened new TRGP positions and 50 closed out — a net gain of 131 holders — while 323 added to existing stakes and 328 trimmed.

The largest buyer was GQG Partners, opening a new position worth an estimated $395M. The largest seller was Wellington Management Group, cutting an estimated $408M.

  • 946 institutional investors held Targa Resources (TRGP) as of Q4 2024, up from 825 in Q3 2024.
  • Funds reported $35.6B of Targa Resources stock for Q4 2024, up 22% quarter-over-quarter.
  • 181 funds opened new Targa Resources positions in Q4 2024 and 50 closed out, a net change of +131 holders.
  • The largest Targa Resources buyer in Q4 2024 was GQG Partners, an estimated $395M added.
  • The largest Targa Resources seller in Q4 2024 was Wellington Management Group, an estimated $408M sold.

Based on aggregated 13F filings for Q4 2024.