Targa Resources
TRGP
655 hedge funds and large institutions have $18.1B invested in Targa Resources in 2023 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 236 increasing their positions, 220 reducing their positions, and 51 closing their positions.
75% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 51
23% more call options, than puts
Call options by funds: $111M | Put options by funds: $89.9M
5% more funds holding
Funds holding: 625 → 655 (+30)
2.67% more ownership
Funds ownership: 90.94% → 93.61% (+2.7%)
7% more repeat investments, than reductions
Existing positions increased: 236 | Existing positions reduced: 220
4% more capital invested
Capital invested by funds: $17.4B → $18.1B (+$681M)
0% more funds holding in top 10
Funds holding in top 10: 17 → 17 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$315M |
| 2 |
Blackstone Inc
New York
|
+$305M |
| 3 |
BlackRock
New York
|
+$126M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$87.8M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$82.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$151M |
| 2 |
Millennium Management
New York
|
-$90.6M |
| 3 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$68M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$65.5M |
| 5 |
State Street
Boston,
Massachusetts
|
-$34.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
701
EARNEST Partners
Atlanta,
Georgia
| – | -$8.31K | -97 | Closed |
|
|
QT
702
Quantbot Technologies
New York
| – | -$6.69K | -78 | Closed |
|
|
SCA
703
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$4.29K | -50 | Closed |
|
|
SHIM
704
Stone House Investment Management
Tunkhannock,
Pennsylvania
| – | -$3.91K | -46 | Closed |
|
|
WT
705
Whittier Trust
South Pasadena,
California
| – | -$2.57K | -30 | Closed |
|
|
CSPIA
706
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$1.71K | -20 | Closed |
|
|
PCTC
707
Perkins Coie Trust Company
Seattle,
Washington
| – | -$1.03K | -12 | Closed |
|
TRGP Hedge Fund Activity: Q4 2023 in Review
655 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2023, worth a combined $18.1B — up 3.9% from $17.4B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new TRGP positions and 51 closed out — a net gain of 38 holders — while 236 added to existing stakes and 220 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $315M. The largest seller was Citadel Advisors, cutting an estimated $151M.
- 655 institutional investors held Targa Resources (TRGP) as of Q4 2023, up from 625 in Q3 2023.
- Funds reported $18.1B of Targa Resources stock for Q4 2023, up 3.9% quarter-over-quarter.
- 89 funds opened new Targa Resources positions in Q4 2023 and 51 closed out, a net change of +38 holders.
- The largest Targa Resources buyer in Q4 2023 was Morgan Stanley, an estimated $315M added.
- The largest Targa Resources seller in Q4 2023 was Citadel Advisors, an estimated $151M sold.
Based on aggregated 13F filings for Q4 2023.