Targa Resources
TRGP
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.
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: 17 → 19 (+2)
5% more funds holding
Funds holding: 655 → 690 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$618M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$46.5M |
| 3 |
Two Sigma Investments
New York
|
+$43.3M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$40.4M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
+$36.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$343M |
| 2 |
ZP
Zimmer Partners
New York
|
-$89.3M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$64.1M |
| 4 |
State Street
Boston,
Massachusetts
|
-$62.2M |
| 5 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
-$61.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
726
Twin Tree Management
Dallas,
Texas
| – | -$218K | -2,315 | Closed |
|
727
Simplex Trading
Chicago,
Illinois
| – | -$143K | -1,517 | Closed |
|
|
TCG
728
Transcendent Capital Group
Edmond,
Oklahoma
| – | -$130K | -1,502 | Closed |
|
|
RFA
729
Resurgent Financial Advisors
Atlanta,
Georgia
| – | -$86.9K | -1,000 | Closed |
|
|
EC
730
EdgeRock Capital
Denver,
Colorado
| – | -$41.5K | -480 | Closed |
|
|
GWS
731
Glassman Wealth Services
Vienna,
Virginia
| – | -$14.8K | -170 | Closed |
|
|
PE
732
Point72 Europe
London,
United Kingdom
| – | -$10.3K | -119 | Closed |
|
|
TWM
733
Tradition Wealth Management
Edina,
Minnesota
| – | -$9K | -105 | Closed |
|
|
TCWA
734
Turtle Creek Wealth Advisors
Dallas,
Texas
| – | -$6.69K | -77 | Closed |
|
|
RS
735
Rakuten Securities
Tokyo,
Japan
| – | -$1.39K | -16 | Closed |
|
|
EWM
736
Evermay Wealth Management
Arlington,
Virginia
| – | -$348 | -4 | Closed |
|
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.