Targa Resources
TRGP
914 hedge funds and large institutions have $34.3B invested in Targa Resources in 2025 Q2 according to their latest regulatory filings, with 98 funds opening new positions, 337 increasing their positions, 354 reducing their positions, and 147 closing their positions.
102% more call options, than puts
Call options by funds: $180M | Put options by funds: $89.3M
0.04% less ownership
Funds ownership: 90.86% → 90.82% (-0.04%)
5% less repeat investments, than reductions
Existing positions increased: 337 | Existing positions reduced: 354
6% less funds holding
Funds holding: 976 → 914 (-62)
13% less capital invested
Capital invested by funds: $39.6B → $34.3B (-$5.34B)
29% less funds holding in top 10
Funds holding in top 10: 31 → 22 (-9)
33% less first-time investments, than exits
New positions opened: 98 | Existing positions closed: 147
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$711M |
| 2 |
D.E. Shaw & Co
New York
|
+$249M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$160M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$159M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$139M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$725M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$215M |
| 3 |
Blackstone Inc
New York
|
-$207M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$138M |
| 5 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
-$127M |
TRGP Hedge Fund Activity: Q2 2025 in Review
914 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2025, worth a combined $34.3B — down 13% from $39.6B a quarter earlier.
Sellers outnumbered buyers: 147 funds closed out of TRGP and 98 opened new positions — a net loss of 49 holders — while 354 trimmed existing stakes and 337 added.
The largest buyer was Wellington Management Group, adding an estimated $711M. The largest seller was GQG Partners, exiting entirely with an estimated $725M sold.
- 914 institutional investors held Targa Resources (TRGP) as of Q2 2025, down from 976 in Q1 2025.
- Funds reported $34.3B of Targa Resources stock for Q2 2025, down 13% quarter-over-quarter.
- 98 funds opened new Targa Resources positions in Q2 2025 and 147 closed out, a net change of -49 holders.
- The largest Targa Resources buyer in Q2 2025 was Wellington Management Group, an estimated $711M added.
- The largest Targa Resources seller in Q2 2025 was GQG Partners, an estimated $725M sold.
Based on aggregated 13F filings for Q2 2025.