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Targa Resources
TRGP

946 hedge funds and large institutions have $35.6B invested in Targa Resources in 2024 Q4 according to their latest regulatory filings, with 181 funds opening new positions, 323 increasing their positions, 328 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

262% more first-time investments, than exits

New positions opened: 181 | Existing positions closed: 50

30% more call options, than puts

Call options by funds: $256M | Put options by funds: $197M

22% more capital invested

Capital invested by funds: $29.1B → $35.6B (+$6.49B)

15% more funds holding

Funds holding: 825 → 946 (+121)

14% more funds holding in top 10

Funds holding in top 10: 21 → 24 (+3)

1.57% more ownership

Funds ownership: 89.8% → 91.38% (+1.6%)

2% less repeat investments, than reductions

Existing positions increased: 323 | Existing positions reduced: 328

Holders
946
Holders Change
+121
Holders Change %
+14.67%
% of All Funds
12.46%
Holding in Top 10
24
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+14.29%
% of All Funds
0.32%
New
181
Increased
323
Reduced
328
Closed
50
Calls
$256M
Puts
$197M
Net Calls
+$58.2M
Net Calls Change
+$16.8M

Top Buyers

1
GQG Partners
GQG Partners
Florida
+$395M
2
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$186M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$186M
4
TD Asset Management
TD Asset Management
Ontario, Canada
+$148M
5
Norges Bank
Norges Bank
Norway
+$96.5M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$408M
2
Blackstone Inc
Blackstone Inc
New York
-$237M
3
Invesco
Invesco
Georgia
-$120M
4
EIP
Energy Income Partners
Connecticut
-$95.3M
5
Citadel Advisors
Citadel Advisors
Florida
-$92.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
ClearBridge Investments
51
ClearBridge Investments
New York
$140M -$995K -5,550 -0.7%
Renaissance Technologies
52
Renaissance Technologies
New York
$140M -$13.5M -75,086 -9%
Mitsubishi UFJ Trust & Banking
53
Mitsubishi UFJ Trust & Banking
Japan
$134M -$26.1M -145,488 -16%
Principal Financial Group
54
Principal Financial Group
Iowa
$133M -$12.2M -67,807 -8%
HSBC Holdings
55
HSBC Holdings
United Kingdom
$128M +$16.4M +91,668 +15%
Russell Investments Group
56
Russell Investments Group
United Kingdom
$128M +$21.4M +119,181 +20%
NIM
57
NXG Investment Management
Texas
$120M -$19.4M -108,150 -14%
CI Investments Inc
58
CI Investments Inc
Ontario, Canada
$110M -$5.97M -33,289 -5%
Swiss National Bank
59
Swiss National Bank
Switzerland
$105M -$6.78M -37,800 -6%
Mirae Asset Global ETFs Holdings
60
Mirae Asset Global ETFs Holdings
Hong Kong
$103M -$4.01M -22,359 -4%
DPIM
61
Duff & Phelps Investment Management
Illinois
$99.5M -$8.51M -47,446 -8%
Aberdeen Group
62
Aberdeen Group
United Kingdom
$98.7M +$450K +2,512 +0.5%
Sumitomo Mitsui Trust Group
63
Sumitomo Mitsui Trust Group
Japan
$91.5M -$991K -5,527 -1%
EGA
64
Eagle Global Advisors
Texas
$87.9M -$23.8M -132,590 -21%
Los Angeles Capital Management
65
Los Angeles Capital Management
California
$84.3M +$34.8M +194,180 +70%
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$82.9M -$2.53M -14,101 -3%
Federated Hermes
67
Federated Hermes
Pennsylvania
$82.6M +$37.8M +210,943 +84%
Point72 Asset Management
68
Point72 Asset Management
Connecticut
$82.5M +$42.9M +239,017 +107%
Ameriprise
69
Ameriprise
Minnesota
$82.1M -$7.82M -43,597 -9%
CIMLRA
70
CBRE Investment Management Listed Real Assets
Pennsylvania
$81.8M -$16.1M -89,870 -16%
EIP
71
Energy Income Partners
Connecticut
$80.3M -$95.3M -531,712 -54%
Royal Bank of Canada
72
Royal Bank of Canada
Ontario, Canada
$79.7M +$15.7M +87,485 +24%
EAM
73
Eventide Asset Management
Massachusetts
$79.3M -$3.65M -20,337 -4%
BNP Paribas Financial Markets
74
BNP Paribas Financial Markets
France
$79M -$2.35M -13,090 -3%
Envestnet Asset Management
75
Envestnet Asset Management
Illinois
$76.2M -$10.2M -56,785 -12%
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TRGP Hedge Fund Activity: Q4 2024 in Review

946 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2024, worth a combined $35.6B — up 22% from $29.1B a quarter earlier.

Buyers outnumbered sellers: 181 funds opened new TRGP positions and 50 closed out — a net gain of 131 holders — while 323 added to existing stakes and 328 trimmed.

The largest buyer was GQG Partners, opening a new position worth an estimated $395M. The largest seller was Wellington Management Group, cutting an estimated $408M.

  • 946 institutional investors held Targa Resources (TRGP) as of Q4 2024, up from 825 in Q3 2024.
  • Funds reported $35.6B of Targa Resources stock for Q4 2024, up 22% quarter-over-quarter.
  • 181 funds opened new Targa Resources positions in Q4 2024 and 50 closed out, a net change of +131 holders.
  • The largest Targa Resources buyer in Q4 2024 was GQG Partners, an estimated $395M added.
  • The largest Targa Resources seller in Q4 2024 was Wellington Management Group, an estimated $408M sold.

Based on aggregated 13F filings for Q4 2024.