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Targa Resources
TRGP

511 hedge funds and large institutions have $12.2B invested in Targa Resources in 2022 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 188 increasing their positions, 183 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more call options, than puts

Call options by funds: $69.6M | Put options by funds: $54.3M

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

1.95% more ownership

Funds ownership: 86.98% → 88.94% (+2%)

3% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 183

3% more capital invested

Capital invested by funds: $11.8B → $12.2B (+$320M)

2% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 56

2% less funds holding

Funds holding: 521 → 511 (-10)

Holders
511
Holders Change
-10
Holders Change %
-1.92%
% of All Funds
8.8%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.28%
New
55
Increased
188
Reduced
183
Closed
56
Calls
$69.6M
Puts
$54.3M
Net Calls
+$15.4M
Net Calls Change
+$32.5M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$131M
2
Los Angeles Capital Management
Los Angeles Capital Management
California
+$82.2M
3
EIP
Energy Income Partners
Connecticut
+$53M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$46M
5
First Trust Advisors
First Trust Advisors
Illinois
+$43.7M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$58.6M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$54.2M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$38.4M
4
BC
Brookfield Corp
Ontario, Canada
-$38M
5
Bank of America
Bank of America
North Carolina
-$37.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
51
Wells Fargo
California
$48.4M -$5.27M -80,171 -9%
CI Investments Inc
52
CI Investments Inc
Ontario, Canada
$47.9M -$860K -13,088 -2%
EGA
53
Eagle Global Advisors
Texas
$44.4M -$751K -11,430 -2%
UBS AM
54
UBS AM
Illinois
$43M -$832K -12,663 -2%
Mirae Asset Global Investments
55
Mirae Asset Global Investments
South Korea
$41.8M +$3.46M +52,672 +8%
RhumbLine Advisers
56
RhumbLine Advisers
Massachusetts
$39.2M +$771K +11,745 +2%
Ameriprise
57
Ameriprise
Minnesota
$38.6M +$12.7M +193,656 +43%
Bank of America
58
Bank of America
North Carolina
$37.1M -$37.8M -574,934 -48%
Millennium Management
59
Millennium Management
New York
$35.5M -$29.9M -454,951 -44%
Sumitomo Mitsui Trust Group
60
Sumitomo Mitsui Trust Group
Japan
$33.7M -$130K -1,976 -0.4%
California Public Employees Retirement System
61
California Public Employees Retirement System
California
$31.7M +$4.4M +67,050 +15%
Point72 Asset Management
62
Point72 Asset Management
Connecticut
$31.1M +$15M +228,558 +80%
CS
63
Credit Suisse
Switzerland
$29.5M +$1.48M +22,502 +5%
AMH
64
Apollo Management Holdings
New York
$27.7M +$30.1M +459,000 New
SSA
65
Schonfeld Strategic Advisors
New York
$26.8M -$394K -6,002 -1%
MHI
66
Miller Howard Investments
New York
$26.8M -$10M -152,847 -26%
Deutsche Bank
67
Deutsche Bank
Germany
$26.8M -$13.5M -205,327 -32%
Caisse de Depot et Placement du Quebec (CDPQ)
68
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$26.6M +$22.3M +340,072 +337%
SCM
69
SIR Capital Management
New York
$25.9M -$10.8M -164,781 -28%
HighTower Advisors
70
HighTower Advisors
Illinois
$23.9M -$200K -3,038 -0.8%
California State Teachers Retirement System (CalSTRS)
71
California State Teachers Retirement System (CalSTRS)
California
$23.7M -$347K -5,278 -1%
ECM
72
ExodusPoint Capital Management
New York
$23.2M -$15.5M -236,372 -38%
Retirement Systems of Alabama
73
Retirement Systems of Alabama
Alabama
$22.6M +$4.87M +74,169 +25%
AIG
74
American International Group
New York
$21.6M -$1.26M -19,138 -5%
Mackenzie Financial
75
Mackenzie Financial
Ontario, Canada
$21.4M -$1.12M -17,087 -5%
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TRGP Hedge Fund Activity: Q3 2022 in Review

511 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2022, worth a combined $12.2B — up 2.7% from $11.8B a quarter earlier.

Sellers outnumbered buyers: 56 funds closed out of TRGP and 55 opened new positions — a net loss of 1 holder — while 183 trimmed existing stakes and 188 added.

The largest buyer was Wellington Management Group, adding an estimated $131M. The largest seller was Blackstone Inc, cutting an estimated $58.6M.

  • 511 institutional investors held Targa Resources (TRGP) as of Q3 2022, down from 521 in Q2 2022.
  • Funds reported $12.2B of Targa Resources stock for Q3 2022, up 2.7% quarter-over-quarter.
  • 55 funds opened new Targa Resources positions in Q3 2022 and 56 closed out, a net change of -1 holder.
  • The largest Targa Resources buyer in Q3 2022 was Wellington Management Group, an estimated $131M added.
  • The largest Targa Resources seller in Q3 2022 was Blackstone Inc, an estimated $58.6M sold.

Based on aggregated 13F filings for Q3 2022.