Targa Resources
TRGP
657 hedge funds and large institutions have $18.1B invested in Targa Resources in 2023 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 237 increasing their positions, 219 reducing their positions, and 51 closing their positions.
76% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 51
23% more call options, than puts
Call options by funds: $111M | Put options by funds: $89.9M
5% more funds holding
Funds holding: 626 → 657 (+31)
2.62% more ownership
Funds ownership: 90.94% → 93.56% (+2.6%)
8% more repeat investments, than reductions
Existing positions increased: 237 | Existing positions reduced: 219
4% more capital invested
Capital invested by funds: $17.4B → $18.1B (+$671M)
0% more funds holding in top 10
Funds holding in top 10: 17 → 17 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
+$305M |
| 2 |
Neuberger Berman Group
New York
|
+$295M |
| 3 |
BlackRock
New York
|
+$126M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$87.8M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$82.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$151M |
| 2 |
Millennium Management
New York
|
-$90.6M |
| 3 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$68M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$65.5M |
| 5 |
State Street
Boston,
Massachusetts
|
-$34.2M |
TRGP Hedge Fund Activity: Q4 2023 in Review
657 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2023, worth a combined $18.1B — up 3.8% from $17.4B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new TRGP positions and 51 closed out — a net gain of 39 holders — while 237 added to existing stakes and 219 trimmed.
The largest buyer was Blackstone Inc, adding an estimated $305M. The largest seller was Citadel Advisors, cutting an estimated $151M.
- 657 institutional investors held Targa Resources (TRGP) as of Q4 2023, up from 626 in Q3 2023.
- Funds reported $18.1B of Targa Resources stock for Q4 2023, up 3.8% quarter-over-quarter.
- 90 funds opened new Targa Resources positions in Q4 2023 and 51 closed out, a net change of +39 holders.
- The largest Targa Resources buyer in Q4 2023 was Blackstone Inc, an estimated $305M added.
- The largest Targa Resources seller in Q4 2023 was Citadel Advisors, an estimated $151M sold.
Based on aggregated 13F filings for Q4 2023.