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Targa Resources
TRGP

511 hedge funds and large institutions have $12.2B invested in Targa Resources in 2022 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 188 increasing their positions, 183 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more call options, than puts

Call options by funds: $69.6M | Put options by funds: $54.3M

14% more funds holding in top 10

Funds holding in top 10: 14 → 16 (+2)

1.95% more ownership

Funds ownership: 86.98% → 88.94% (+2%)

3% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 183

3% more capital invested

Capital invested by funds: $11.8B → $12.2B (+$320M)

2% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 56

2% less funds holding

Funds holding: 521 → 511 (-10)

Holders
511
Holders Change
-10
Holders Change %
-1.92%
% of All Funds
8.8%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.28%
New
55
Increased
188
Reduced
183
Closed
56
Calls
$69.6M
Puts
$54.3M
Net Calls
+$15.4M
Net Calls Change
+$32.5M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$131M
2
Los Angeles Capital Management
Los Angeles Capital Management
California
+$82.2M
3
EIP
Energy Income Partners
Connecticut
+$53M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$46M
5
First Trust Advisors
First Trust Advisors
Illinois
+$43.7M

Top Sellers

1
Blackstone Inc
Blackstone Inc
New York
-$58.6M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$54.2M
3
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$38.4M
4
BC
Brookfield Corp
Ontario, Canada
-$38M
5
Bank of America
Bank of America
North Carolina
-$37.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$1.47B -$15.4M -233,907 -1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.36B -$54.2M -825,871 -4%
Blackstone Inc
3
Blackstone Inc
New York
$603M -$58.6M -892,493 -8%
TCA
4
Tortoise Capital Advisors
Kansas
$535M -$4.61M -70,181 -0.8%
State Street
5
State Street
Massachusetts
$534M -$495K -7,534 -0.1%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$394M +$131M +1,998,442 +44%
Goldman Sachs
7
Goldman Sachs
New York
$373M +$9.77M +148,811 +2%
Invesco
8
Invesco
Georgia
$337M -$25.8M -392,260 -7%
Neuberger Berman Group
9
Neuberger Berman Group
New York
$266M +$104K +1,586 +0%
KACA
10
Kayne Anderson Capital Advisors
California
$250M -$14.9M -227,600 -5%
ZP
11
Zimmer Partners
New York
$212M +$26.4M +402,400 +13%
Jennison Associates
12
Jennison Associates
New York
$210M -$17.7M -269,657 -7%
CCM
13
Chickasaw Capital Management
Tennessee
$205M -$2.42M -36,819 -1%
Morgan Stanley
14
Morgan Stanley
New York
$181M -$221K -3,360 -0.1%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$179M +$3.12M +47,532 +2%
SCA
16
Salient Capital Advisors
Texas
$166M +$3.41M +51,969 +2%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$162M +$10.8M +163,707 +6%
Northern Trust
18
Northern Trust
Illinois
$148M -$2.53M -38,527 -2%
BC
19
Brookfield Corp
Ontario, Canada
$146M -$38M -578,037 -19%
Mitsubishi UFJ Trust & Banking
20
Mitsubishi UFJ Trust & Banking
Japan
$144M +$28.8M +439,038 +23%
Massachusetts Financial Services
21
Massachusetts Financial Services
Massachusetts
$125M +$1.77M +26,972 +1%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$123M -$8.84M -134,520 -6%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$117M +$10.2M +155,133 +9%
Legal & General Group
24
Legal & General Group
United Kingdom
$112M -$9.79M -149,116 -7%
Cohen & Steers
25
Cohen & Steers
New York
$95.2M +$6.3M +95,874 +6%
1
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TRGP Hedge Fund Activity: Q3 2022 in Review

511 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2022, worth a combined $12.2B — up 2.7% from $11.8B a quarter earlier.

Sellers outnumbered buyers: 56 funds closed out of TRGP and 55 opened new positions — a net loss of 1 holder — while 183 trimmed existing stakes and 188 added.

The largest buyer was Wellington Management Group, adding an estimated $131M. The largest seller was Blackstone Inc, cutting an estimated $58.6M.

  • 511 institutional investors held Targa Resources (TRGP) as of Q3 2022, down from 521 in Q2 2022.
  • Funds reported $12.2B of Targa Resources stock for Q3 2022, up 2.7% quarter-over-quarter.
  • 55 funds opened new Targa Resources positions in Q3 2022 and 56 closed out, a net change of -1 holder.
  • The largest Targa Resources buyer in Q3 2022 was Wellington Management Group, an estimated $131M added.
  • The largest Targa Resources seller in Q3 2022 was Blackstone Inc, an estimated $58.6M sold.

Based on aggregated 13F filings for Q3 2022.