Targa Resources
TRGP
602 hedge funds and large institutions have $15.5B invested in Targa Resources in 2023 Q2 according to their latest regulatory filings, with 75 funds opening new positions, 228 increasing their positions, 207 reducing their positions, and 58 closing their positions.
48% more call options, than puts
Call options by funds: $125M | Put options by funds: $84.7M
29% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 58
10% more repeat investments, than reductions
Existing positions increased: 228 | Existing positions reduced: 207
6% more funds holding in top 10
Funds holding in top 10: 18 → 19 (+1)
2% more funds holding
Funds holding: 588 → 602 (+14)
3% more capital invested
Capital invested by funds: $15B → $15.5B (+$462M)
0.75% less ownership
Funds ownership: 90.65% → 89.89% (-0.75%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$90.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$49.9M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$47.3M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$43M |
| 5 |
Cohen & Steers
New York
|
+$37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$142M |
| 2 |
MP
Munro Partners
Melbourne,
Australia
|
-$66.9M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$44.6M |
| 4 |
ACG
Aventail Capital Group
New York
|
-$41.9M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$41.5M |
TRGP Hedge Fund Activity: Q2 2023 in Review
602 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2023, worth a combined $15.5B — up 3.1% from $15B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new TRGP positions and 58 closed out — a net gain of 17 holders — while 228 added to existing stakes and 207 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $90.8M. The largest seller was Blackstone Inc, cutting an estimated $142M.
- 602 institutional investors held Targa Resources (TRGP) as of Q2 2023, up from 588 in Q1 2023.
- Funds reported $15.5B of Targa Resources stock for Q2 2023, up 3.1% quarter-over-quarter.
- 75 funds opened new Targa Resources positions in Q2 2023 and 58 closed out, a net change of +17 holders.
- The largest Targa Resources buyer in Q2 2023 was Deutsche Bank, an estimated $90.8M added.
- The largest Targa Resources seller in Q2 2023 was Blackstone Inc, an estimated $142M sold.
Based on aggregated 13F filings for Q2 2023.