Targa Resources
TRGP
828 hedge funds and large institutions have $29.1B invested in Targa Resources in 2024 Q3 according to their latest regulatory filings, with 136 funds opening new positions, 317 increasing their positions, 274 reducing their positions, and 46 closing their positions.
196% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 46
22% more call options, than puts
Call options by funds: $232M | Put options by funds: $191M
16% more repeat investments, than reductions
Existing positions increased: 317 | Existing positions reduced: 274
11% more funds holding
Funds holding: 744 → 828 (+84)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
0.4% less ownership
Funds ownership: 90.11% → 89.71% (-0.4%)
21% less capital inflows, than outflows
Capital inflows: $1.51B | Capital outflows: $1.91B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$117M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$89.2M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$80.6M |
| 4 |
Millennium Management
New York
|
+$76.7M |
| 5 |
Morgan Stanley
New York
|
+$55.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$237M |
| 2 |
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$217M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$194M |
| 4 |
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$78.6M |
| 5 |
Jennison Associates
New York
|
-$69.3M |
TRGP Hedge Fund Activity: Q3 2024 in Review
828 of the 6,987 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2024, worth a combined $29.1B — up 13% from $25.7B a quarter earlier.
Buyers outnumbered sellers: 136 funds opened new TRGP positions and 46 closed out — a net gain of 90 holders — while 317 added to existing stakes and 274 trimmed.
The largest buyer was Nuveen, adding an estimated $117M. The largest seller was Blackstone Inc, cutting an estimated $237M.
- 828 institutional investors held Targa Resources (TRGP) as of Q3 2024, up from 744 in Q2 2024.
- Funds reported $29.1B of Targa Resources stock for Q3 2024, up 13% quarter-over-quarter.
- 136 funds opened new Targa Resources positions in Q3 2024 and 46 closed out, a net change of +90 holders.
- The largest Targa Resources buyer in Q3 2024 was Nuveen, an estimated $117M added.
- The largest Targa Resources seller in Q3 2024 was Blackstone Inc, an estimated $237M sold.
Based on aggregated 13F filings for Q3 2024.