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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$649M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$270M |
| 3 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$121M |
| 4 |
D.E. Shaw & Co
New York
|
+$87.3M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$70.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$206M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$127M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$87.3M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$72.7M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$64M |
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.