Targa Resources
TRGP
626 hedge funds and large institutions have $17.4B invested in Targa Resources in 2023 Q3 according to their latest regulatory filings, with 72 funds opening new positions, 204 increasing their positions, 245 reducing their positions, and 42 closing their positions.
71% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 42
13% more capital invested
Capital invested by funds: $15.5B → $17.4B (+$1.99B)
4% more funds holding
Funds holding: 602 → 626 (+24)
1.05% more ownership
Funds ownership: 89.89% → 90.94% (+1%)
2% less call options, than puts
Call options by funds: $124M | Put options by funds: $126M
11% less funds holding in top 10
Funds holding in top 10: 19 → 17 (-2)
17% less repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 245
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$308M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$53.3M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$52.3M |
| 4 |
Morgan Stanley
New York
|
+$43.5M |
| 5 |
Amundi
Paris,
France
|
+$39.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$64M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$54.3M |
| 3 |
Charles Schwab
San Francisco,
California
|
-$49.1M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$40.6M |
| 5 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$38.9M |
TRGP Hedge Fund Activity: Q3 2023 in Review
626 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2023, worth a combined $17.4B — up 13% from $15.5B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new TRGP positions and 42 closed out — a net gain of 30 holders — while 204 added to existing stakes and 245 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $308M. The largest seller was Zimmer Partners, cutting an estimated $64M.
- 626 institutional investors held Targa Resources (TRGP) as of Q3 2023, up from 602 in Q2 2023.
- Funds reported $17.4B of Targa Resources stock for Q3 2023, up 13% quarter-over-quarter.
- 72 funds opened new Targa Resources positions in Q3 2023 and 42 closed out, a net change of +30 holders.
- The largest Targa Resources buyer in Q3 2023 was Deutsche Bank, an estimated $308M added.
- The largest Targa Resources seller in Q3 2023 was Zimmer Partners, an estimated $64M sold.
Based on aggregated 13F filings for Q3 2023.