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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
BIA
576
Bell Investment Advisors
California
$5.56K -$6.75K -93 -56%
BAM
577
Byrne Asset Management
New Jersey
$5K – – –
TCM
578
TD Capital Management
Tennessee
$4.6K – – –
ACA
579
Atlas Capital Advisors
Wyoming
$4.49K – – –
CSB
580
City State Bank
Iowa
$4K – – –
AF
581
Advisornet Financial
Minnesota
$3.96K -$290 -4 -7%
SCA
582
Stonebridge Capital Advisors
Minnesota
$3.81K – – –
SHIM
583
Stone House Investment Management
Pennsylvania
$3.45K +$3.26K +45 New
CFGS
584
Concourse Financial Group Securities
Alabama
$2.13K -$4.57K -63 -69%
PVH
585
Psagot Value Holdings
Israel
$2K +$1.6K +22 New
GKIM
586
GW&K Investment Management
Massachusetts
$2K +$1.81K +25 New
SIC
587
SJS Investment Consulting
Ohio
$1.98K +$290 +4 +18%
DI
588
Disciplined Investments
Oklahoma
$1.75K +$145 +2 +10%
AFG
589
Albion Financial Group
Utah
$1.68K – – –
AAP
590
Arax Advisory Partners
Colorado
$1.16K -$653 -9 -38%
MCM
591
MV Capital Management
Maryland
$914 +$218 +3 +33%
TPCW
592
TD Private Client Wealth
New York
$761 -$580 -8 -44%
SWM
593
Spire Wealth Management
Virginia
$609 +$580 +8 New
TWP
594
TFO Wealth Partners
Ohio
$533 – – –
MCM
595
Manchester Capital Management
Vermont
$533 +$508 +7 New
AWM
596
Abound Wealth Management
Tennessee
$457 +$435 +6 New
HCP
597
Hexagon Capital Partners
Arkansas
$381 +$363 +5 New
TWD
598
True Wealth Design
Ohio
$305 -$1.02K -14 -78%
FSWA
599
Financial Synergies Wealth Advisors
Texas
$305 – – –
AWM
600
Avior Wealth Management
Nebraska
$76 +$73 +1 New
22 23
24
25 26

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.