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Targa Resources

690 hedge funds and large institutions have $22.8B invested in Targa Resources in 2024 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 232 increasing their positions, 264 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 45

26% more capital invested

Capital invested by funds: $18.1B → $22.8B (+$4.68B)

18% more call options, than puts

Call options by funds: $158M | Put options by funds: $133M

12% more funds holding in top 10

Funds holding in top 10: 1719 (+2)

5% more funds holding

Funds holding: 655690 (+35)

2.2% less ownership

Funds ownership: 93.61%91.41% (-2.2%)

12% less repeat investments, than reductions

Existing positions increased: 232 | Existing positions reduced: 264

Holders
690
Holders Change
+35
Holders Change %
+5.34%
% of All Funds
9.94%
Holding in Top 10
19
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+11.76%
% of All Funds
0.27%
New
88
Increased
232
Reduced
264
Closed
45
Calls
$158M
Puts
$133M
Net Calls
+$24.3M
Net Calls Change
+$3.19M
Name Holding Trade Value Shares
Change
Change in
Stake
WP
501
Wealthspan Partners
Iowa
$347K
IWC
502
Integrated Wealth Concepts
Massachusetts
$346K -$23.5K -249 -7%
KPWS
503
Kestra Private Wealth Services
Texas
$345K +$377 +4 +0.1%
HFM
504
Harvest Fund Management
China
$344K +$284K +3,012 +5,193%
NP
505
NorthRock Partners
Minnesota
$344K +$3.87K +41 +1%
SWA
506
SFMG Wealth Advisors
Texas
$339K -$94 -1 -0%
CC
507
Cornerstone Capital
California
$339K
SIA
508
Schechter Investment Advisors
Michigan
$338K -$3.87K -41 -1%
PTC
509
Petrus Trust Company
Texas
$337K -$54K -572 -16%
WDL
510
Well Done LLC
Michigan
$336K +$20.1K +213 +8%
DADC
511
D.A. Davidson & Co
Montana
$336K +$283K +2,997 New
MFG
512
MidWestOne Financial Group
Iowa
$333K -$119K -1,260 -30%
CCG
513
Catalina Capital Group
California
$330K +$39.1K +414 +16%
NLP
514
Next Level Private
New York
$329K
LOAMS
515
Lombard Odier Asset Management (Switzerland)
Switzerland
$329K +$277K +2,936 New
CA
516
Cornerstone Advisory
Maryland
$326K -$943 -10 -0.3%
MFWP
517
Mosaic Family Wealth Partners
Missouri
$326K
SW
518
SVB Wealth
Massachusetts
$325K -$19.1K -202 -7%
AWA
519
Aaron Wealth Advisors
Illinois
$323K +$20.7K +219 +8%
KWM
520
Kingsview Wealth Management
Oregon
$315K +$265K +2,812 New
FA
521
FDx Advisors
Illinois
$308K -$16.9K -179 -6%
MWA
522
MN Wealth Advisors
Kansas
$307K -$2.73K -29 -1%
AA
523
Advisory Alpha
Michigan
$305K +$257K +2,722 New
OWM
524
OneAscent Wealth Management
Alabama
$300K -$65K -689 -20%
STA
525
Summit Trail Advisors
New York
$300K +$252K +2,675 New

TRGP Hedge Fund Activity: Q1 2024 in Review

690 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2024, worth a combined $22.8B — up 26% from $18.1B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new TRGP positions and 45 closed out — a net gain of 43 holders — while 232 added to existing stakes and 264 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $618M. The largest seller was Morgan Stanley, cutting an estimated $343M.

  • 690 institutional investors held Targa Resources (TRGP) as of Q1 2024, up from 655 in Q4 2023.
  • Funds reported $22.8B of Targa Resources stock for Q1 2024, up 26% quarter-over-quarter.
  • 88 funds opened new Targa Resources positions in Q1 2024 and 45 closed out, a net change of +43 holders.
  • The largest Targa Resources buyer in Q1 2024 was Wellington Management Group, an estimated $618M added.
  • The largest Targa Resources seller in Q1 2024 was Morgan Stanley, an estimated $343M sold.

Based on aggregated 13F filings for Q1 2024.