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Targa Resources
TRGP

946 hedge funds and large institutions have $35.6B invested in Targa Resources in 2024 Q4 according to their latest regulatory filings, with 181 funds opening new positions, 323 increasing their positions, 328 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

262% more first-time investments, than exits

New positions opened: 181 | Existing positions closed: 50

30% more call options, than puts

Call options by funds: $256M | Put options by funds: $197M

22% more capital invested

Capital invested by funds: $29.1B → $35.6B (+$6.49B)

15% more funds holding

Funds holding: 825 → 946 (+121)

14% more funds holding in top 10

Funds holding in top 10: 21 → 24 (+3)

1.57% more ownership

Funds ownership: 89.8% → 91.38% (+1.6%)

2% less repeat investments, than reductions

Existing positions increased: 323 | Existing positions reduced: 328

Holders
946
Holders Change
+121
Holders Change %
+14.67%
% of All Funds
12.46%
Holding in Top 10
24
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+14.29%
% of All Funds
0.32%
New
181
Increased
323
Reduced
328
Closed
50
Calls
$256M
Puts
$197M
Net Calls
+$58.2M
Net Calls Change
+$16.8M

Top Buyers

1
GQG Partners
GQG Partners
Florida
+$395M
2
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$186M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$186M
4
TD Asset Management
TD Asset Management
Ontario, Canada
+$148M
5
Norges Bank
Norges Bank
Norway
+$96.5M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$408M
2
Blackstone Inc
Blackstone Inc
New York
-$237M
3
Invesco
Invesco
Georgia
-$120M
4
EIP
Energy Income Partners
Connecticut
-$95.3M
5
Citadel Advisors
Citadel Advisors
Florida
-$92.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
101
Stifel Financial
Missouri
$40.7M +$6.64M +37,028 +19%
Retirement Systems of Alabama
102
Retirement Systems of Alabama
Alabama
$39.7M -$4.51M -25,157 -10%
Canada Life
103
Canada Life
Manitoba, Canada
$39.4M -$5.58M -31,150 -12%
CSS
104
Cubist Systematic Strategies
Connecticut
$39.2M +$25.8M +144,162 +192%
State Board of Administration of Florida Retirement System
105
State Board of Administration of Florida Retirement System
Florida
$37.4M +$153K +851 +0.4%
VOYA Investment Management
106
VOYA Investment Management
Georgia
$36.7M -$2.1M -11,695 -5%
Adage Capital Partners
107
Adage Capital Partners
Massachusetts
$36.4M -$502K -2,800 -1%
First Trust Advisors
108
First Trust Advisors
Illinois
$35M +$12.4M +69,266 +55%
CIBC World Market
109
CIBC World Market
Ontario, Canada
$34.9M +$3.59M +20,047 +11%
National Bank of Canada
110
National Bank of Canada
Quebec, Canada
$34.6M -$73.6M -410,464 -68%
MSRPS
111
Maryland State Retirement & Pension System
Maryland
$34.2M -$1.1M -6,118 -3%
FGP
112
Freestone Grove Partners
California
$34.1M +$34.2M +190,873 New
Two Sigma Investments
113
Two Sigma Investments
New York
$33.5M +$11.6M +64,855 +53%
State of Wisconsin Investment Board
114
State of Wisconsin Investment Board
Wisconsin
$32.7M -$6.82M -38,057 -17%
Connor, Clark & Lunn Investment Management (CC&L)
115
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$32.3M +$23.9M +133,391 +282%
SEI Investments
116
SEI Investments
Pennsylvania
$32M +$2.62M +14,620 +9%
ECM
117
ExodusPoint Capital Management
New York
$31.6M +$2.43M +13,549 +8%
OIAM
118
OFI Invest Asset Management
France
$31.3M +$32.5M +181,474 New
Citadel Advisors
119
Citadel Advisors
Florida
$30.2M -$92.7M -517,160 -75%
Universal-Beteiligungs- und Servicegesellschaft
120
Universal-Beteiligungs- und Servicegesellschaft
Germany
$29.8M +$29.9M +166,767 New
Assenagon Asset Management
121
Assenagon Asset Management
Luxembourg
$29M +$15.7M +87,395 +117%
DB
122
Danske Bank
Denmark
$28.8M -$1.42M -7,900 -5%
MCM
123
Moore Capital Management
New York
$28.7M – – –
FI
124
Fractal Investments
Connecticut
$28.3M -$4.25M -23,721 -13%
LPL Financial
125
LPL Financial
California
$27.9M +$8.24M +45,981 +42%
3 4
5
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TRGP Hedge Fund Activity: Q4 2024 in Review

946 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2024, worth a combined $35.6B — up 22% from $29.1B a quarter earlier.

Buyers outnumbered sellers: 181 funds opened new TRGP positions and 50 closed out — a net gain of 131 holders — while 323 added to existing stakes and 328 trimmed.

The largest buyer was GQG Partners, opening a new position worth an estimated $395M. The largest seller was Wellington Management Group, cutting an estimated $408M.

  • 946 institutional investors held Targa Resources (TRGP) as of Q4 2024, up from 825 in Q3 2024.
  • Funds reported $35.6B of Targa Resources stock for Q4 2024, up 22% quarter-over-quarter.
  • 181 funds opened new Targa Resources positions in Q4 2024 and 50 closed out, a net change of +131 holders.
  • The largest Targa Resources buyer in Q4 2024 was GQG Partners, an estimated $395M added.
  • The largest Targa Resources seller in Q4 2024 was Wellington Management Group, an estimated $408M sold.

Based on aggregated 13F filings for Q4 2024.