Targa Resources
TRGP
744 hedge funds and large institutions have $25.7B invested in Targa Resources in 2024 Q2 according to their latest regulatory filings, with 106 funds opening new positions, 270 increasing their positions, 259 reducing their positions, and 44 closing their positions.
141% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 44
8% more funds holding
Funds holding: 691 → 744 (+53)
5% more funds holding in top 10
Funds holding in top 10: 19 → 20 (+1)
8% more call options, than puts
Call options by funds: $174M | Put options by funds: $161M
4% more repeat investments, than reductions
Existing positions increased: 270 | Existing positions reduced: 259
1.3% less ownership
Funds ownership: 91.41% → 90.11% (-1.3%)
25% less capital inflows, than outflows
Capital inflows: $1.23B | Capital outflows: $1.64B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$154M |
| 2 |
State Street
Boston,
Massachusetts
|
+$93.3M |
| 3 |
Zurich Insurance Group
Zurich,
Switzerland
|
+$65.8M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$65.3M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$50.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$235M |
| 2 |
Goldman Sachs
New York
|
-$135M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$130M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$92.2M |
| 5 |
ClearBridge Investments
New York
|
-$86.3M |
TRGP Hedge Fund Activity: Q2 2024 in Review
744 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q2 2024, worth a combined $25.7B — up 13% from $22.8B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new TRGP positions and 44 closed out — a net gain of 62 holders — while 270 added to existing stakes and 259 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $154M. The largest seller was Blackstone Inc, cutting an estimated $235M.
- 744 institutional investors held Targa Resources (TRGP) as of Q2 2024, up from 691 in Q1 2024.
- Funds reported $25.7B of Targa Resources stock for Q2 2024, up 13% quarter-over-quarter.
- 106 funds opened new Targa Resources positions in Q2 2024 and 44 closed out, a net change of +62 holders.
- The largest Targa Resources buyer in Q2 2024 was T. Rowe Price Associates, an estimated $154M added.
- The largest Targa Resources seller in Q2 2024 was Blackstone Inc, an estimated $235M sold.
Based on aggregated 13F filings for Q2 2024.