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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
MAS
476
Meeder Advisory Services
Ohio
$227K +$17.1K +236 +9%
NLP
477
Next Level Private
New York
$227K +$213K +2,942 New
IWC
478
Integrated Wealth Concepts
Massachusetts
$225K +$10.2K +140 +5%
JCIA
479
Jackson Creek Investment Advisors
Colorado
$225K – – –
FCH
480
Freestone Capital Holdings
Washington
$225K +$1.52K +21 +0.7%
SIA
481
Schechter Investment Advisors
Michigan
$224K +$8.34K +115 +4%
FMAEN1
482
Fund Management at Engine No 1
California
$224K +$14.4K +198 +7%
WPC
483
Wedmont Private Capital
Pennsylvania
$224K -$41.9K -578 -17%
STA
484
Summit Trail Advisors
New York
$223K +$212K +2,924 New
BPA
485
Beacon Pointe Advisors
California
$222K -$64.5K -889 -23%
MFWP
486
Mosaic Family Wealth Partners
Missouri
$221K – – –
GT
487
Glenview Trust
Kentucky
$220K +$8.78K +121 +4%
EF
488
Empirical Finance
Pennsylvania
$218K +$208K +2,863 New
SFA
489
Sequoia Financial Advisors
Ohio
$215K -$28.9K -398 -12%
VVP
490
Venture Visionary Partners
Ohio
$214K – – –
DGAM
491
Desjardins Global Asset Management
Quebec, Canada
$212K +$188K +2,585 +1,255%
WDL
492
Well Done LLC
Michigan
$211K +$201K +2,770 New
AWA
493
Aaron Wealth Advisors
Illinois
$210K +$201K +2,764 New
SIA
494
SkyView Investment Advisors
New Jersey
$207K +$197K +2,714 New
FCAG
495
First Capital Advisors Group
New Jersey
$207K +$197K +2,714 New
EA
496
Emerald Advisers
Pennsylvania
$206K +$197K +2,710 New
CI
497
Cigna Investments
Connecticut
$205K +$195K +2,694 New
LW
498
Linscomb Wealth
Texas
$202K +$193K +2,656 New
BCM
499
Basso Capital Management
Connecticut
$202K +$192K +2,650 New
Carson Wealth (CWM LLC)
500
Carson Wealth (CWM LLC)
Nebraska
$201K +$22.5K +310 +13%
18 19
20
21 22

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.