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Targa Resources
TRGP

825 hedge funds and large institutions have $29.1B invested in Targa Resources in 2024 Q3 according to their latest regulatory filings, with 134 funds opening new positions, 318 increasing their positions, 273 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

191% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 46

22% more call options, than puts

Call options by funds: $232M | Put options by funds: $191M

16% more repeat investments, than reductions

Existing positions increased: 318 | Existing positions reduced: 273

13% more capital invested

Capital invested by funds: $25.7B → $29.1B (+$3.37B)

11% more funds holding

Funds holding: 743 → 825 (+82)

5% more funds holding in top 10

Funds holding in top 10: 20 → 21 (+1)

0.31% less ownership

Funds ownership: 90.11% → 89.8% (-0.31%)

Holders
825
Holders Change
+82
Holders Change %
+11.04%
% of All Funds
11.85%
Holding in Top 10
21
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5%
% of All Funds
0.3%
New
134
Increased
318
Reduced
273
Closed
46
Calls
$232M
Puts
$191M
Net Calls
+$41.4M
Net Calls Change
+$28.7M

Top Buyers

1
N
Nuveen
North Carolina
+$117M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$89.2M
3
Allianz Asset Management
Allianz Asset Management
Germany
+$80.6M
4
Millennium Management
Millennium Management
New York
+$76.7M
5
Morgan Stanley
Morgan Stanley
New York
+$55.6M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$237M
2
TCA
Tortoise Capital Advisors
Kansas
-$217M
3
Deutsche Bank
Deutsche Bank
Germany
-$194M
4
KACA
Kayne Anderson Capital Advisors
California
-$78.6M
5
Jennison Associates
Jennison Associates
New York
-$69.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
SW
851
SVB Wealth
Massachusetts
– -$229K -1,777 Closed
NAS
852
Nicolet Advisory Services
Wisconsin
– -$234K -1,761 Closed
AI
853
Atom Investors
Texas
– -$211K -1,641 Closed
ATPW
854
Ashton Thomas Private Wealth
Arizona
– -$77.5K -602 Closed
VAG
855
VisionPoint Advisory Group
Texas
– -$72.2K -561 Closed
EC
856
EdgeRock Capital
Colorado
– -$69K -536 Closed
RFA
857
Register Financial Advisors
Georgia
– -$51.5K -400 Closed
EC
858
EntryPoint Capital
New York
– -$36.8K -286 Closed
RFG
859
RFP Financial Group
Georgia
– -$31.9K -248 Closed
MIFH
860
Migdal Insurance & Financial Holdings
Israel
– -$22.2K -158 -98%
SWS
861
SYSTM Wealth Solutions
Illinois
– -$16.7K -130 Closed
BIM
862
Breakwater Investment Management
Washington
– -$12.9K -100 Closed
RWMG
863
Redwood Wealth Management Group
New Jersey
– -$9.02K -70 Closed
SOS
864
Silver Oak Securities
Tennessee
– -$7.47K -58 Closed
PCWA
865
Pacific Capital Wealth Advisors
California
– -$5.79K -45 Closed
VNA
866
Valley National Advisers
Pennsylvania
– -$2K -20 Closed
OWA
867
Opal Wealth Advisors
New York
– -$2.45K -19 Closed
TWP
868
Triad Wealth Partners
Kansas
– -$2.19K -17 Closed
GI
869
Gradient Investments
Minnesota
– -$2.06K -16 Closed
IC
870
Innealta Capital
Texas
– -$1.67K -13 Closed
UWS
871
Unique Wealth Strategies
Illinois
– -$224 -2 Closed
HIA
872
Harbor Investment Advisory
Maryland
– -$129 -1 Closed
31 32 33 34
35

TRGP Hedge Fund Activity: Q3 2024 in Review

825 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2024, worth a combined $29.1B — up 13% from $25.7B a quarter earlier.

Buyers outnumbered sellers: 134 funds opened new TRGP positions and 46 closed out — a net gain of 88 holders — while 318 added to existing stakes and 273 trimmed.

The largest buyer was Nuveen, adding an estimated $117M. The largest seller was Blackstone Inc, cutting an estimated $237M.

  • 825 institutional investors held Targa Resources (TRGP) as of Q3 2024, up from 743 in Q2 2024.
  • Funds reported $29.1B of Targa Resources stock for Q3 2024, up 13% quarter-over-quarter.
  • 134 funds opened new Targa Resources positions in Q3 2024 and 46 closed out, a net change of +88 holders.
  • The largest Targa Resources buyer in Q3 2024 was Nuveen, an estimated $117M added.
  • The largest Targa Resources seller in Q3 2024 was Blackstone Inc, an estimated $237M sold.

Based on aggregated 13F filings for Q3 2024.