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Targa Resources
TRGP

903 hedge funds and large institutions have $32.6B invested in Targa Resources in 2025 Q3 according to their latest regulatory filings, with 98 funds opening new positions, 313 increasing their positions, 348 reducing their positions, and 100 closing their positions.

New
Increased
Maintained
Reduced
Closed

223% more call options, than puts

Call options by funds: $205M | Put options by funds: $63.5M

0.46% less ownership

Funds ownership: 90.82% → 90.36% (-0.46%)

2% less first-time investments, than exits

New positions opened: 98 | Existing positions closed: 100

1% less funds holding

Funds holding: 914 → 903 (-11)

5% less capital invested

Capital invested by funds: $34.3B → $32.6B (-$1.74B)

10% less repeat investments, than reductions

Existing positions increased: 313 | Existing positions reduced: 348

41% less funds holding in top 10

Funds holding in top 10: 22 → 13 (-9)

Holders
903
Holders Change
-11
Holders Change %
-1.2%
% of All Funds
11.85%
Holding in Top 10
13
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-40.91%
% of All Funds
0.17%
New
98
Increased
313
Reduced
348
Closed
100
Calls
$205M
Puts
$63.5M
Net Calls
+$141M
Net Calls Change
+$50.2M

Top Buyers

Rank Fund Capital Flow
1
Harris Associates
Harris Associates
Illinois
+$649M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$270M
3
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$121M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$87.3M
5
Bank of America
Bank of America
North Carolina
+$70.7M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$206M
2
Citadel Advisors
Citadel Advisors
Florida
-$127M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$87.3M
4
Allianz Asset Management
Allianz Asset Management
Germany
-$72.7M
5
UBS AM
UBS AM
Illinois
-$64M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
926
Strategy Asset Managers
California
– -$1.06M -6,114 Closed
CI
927
Cavalier Investments
Georgia
– -$1.06M -6,074 Closed
Jacobs Levy Equity Management
928
Jacobs Levy Equity Management
New Jersey
– -$1.05M -6,021 Closed
PAG
929
Private Advisory Group
Washington
– -$1.02M -5,864 Closed
HIM
930
Hanlon Investment Management
New Jersey
– -$894K -5,135 Closed
LJAC
931
L.J. Altfest & Co
New York
– -$852K -4,895 Closed
SPA
932
Sherbrooke Park Advisers
New York
– -$831K -4,772 Closed
HCMT
933
Highland Capital Management (Tennessee)
Tennessee
– -$791K -4,546 Closed
VSQM
934
V-Square Quantitative Management
Illinois
– -$714K -4,099 Closed
CIC
935
Chilton Investment Company
Connecticut
– -$688K -3,954 Closed
HIM
936
Hillsdale Investment Management
Ontario, Canada
– -$688K -3,950 Closed
WA
937
Wealthstar Advisors
Texas
– -$673K -3,865 Closed
IC
938
IEQ Capital
California
– -$671K -3,857 Closed
BMCM
939
Bryn Mawr Capital Management
Pennsylvania
– -$566K -3,250 Closed
MIM
940
Morningstar Investment Management
Illinois
– -$537K -3,087 Closed
CFM
941
Catalyst Funds Management
Australia
– -$522K -3,000 Closed
RAM
942
Readystate Asset Management
Illinois
– -$449K -2,582 Closed
GS
943
GTS Securities
New York
– -$401K -2,301 Closed
NCM
944
Novare Capital Management
North Carolina
– -$383K -2,200 Closed
AWM
945
Axxcess Wealth Management
California
– -$376K -2,160 Closed
BMWM
946
Brown Miller Wealth Management
Virginia
– -$376K -2,160 Closed
MOS
947
MGO One Seven
Ohio
– -$372K -2,136 Closed
SOW
948
State of Wyoming
Wyoming
– -$361K -2,076 Closed
CC
949
Centiva Capital
New York
– -$292K -1,677 Closed
FEM
950
Fulcrum Equity Management
Texas
– -$290K -1,667 Closed
36 37
38
39 40

TRGP Hedge Fund Activity: Q3 2025 in Review

903 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2025, worth a combined $32.6B — down 5.1% from $34.3B a quarter earlier.

Sellers outnumbered buyers: 100 funds closed out of TRGP and 98 opened new positions — a net loss of 2 holders — while 348 trimmed existing stakes and 313 added.

The largest buyer was Harris Associates, adding an estimated $649M. The largest seller was BlackRock, cutting an estimated $206M.

  • 903 institutional investors held Targa Resources (TRGP) as of Q3 2025, down from 914 in Q2 2025.
  • Funds reported $32.6B of Targa Resources stock for Q3 2025, down 5.1% quarter-over-quarter.
  • 98 funds opened new Targa Resources positions in Q3 2025 and 100 closed out, a net change of -2 holders.
  • The largest Targa Resources buyer in Q3 2025 was Harris Associates, an estimated $649M added.
  • The largest Targa Resources seller in Q3 2025 was BlackRock, an estimated $206M sold.

Based on aggregated 13F filings for Q3 2025.