Targa Resources
TRGP
958 hedge funds and large institutions have $37.2B invested in Targa Resources in 2025 Q4 according to their latest regulatory filings, with 157 funds opening new positions, 350 increasing their positions, 314 reducing their positions, and 89 closing their positions.
291% more call options, than puts
Call options by funds: $105M | Put options by funds: $26.9M
76% more first-time investments, than exits
New positions opened: 157 | Existing positions closed: 89
31% more funds holding in top 10
Funds holding in top 10: 13 → 17 (+4)
14% more capital invested
Capital invested by funds: $32.6B → $37.2B (+$4.66B)
11% more repeat investments, than reductions
Existing positions increased: 350 | Existing positions reduced: 314
6% more funds holding
Funds holding: 906 → 958 (+52)
3.65% more ownership
Funds ownership: 90.36% → 94.02% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$939M |
| 2 |
Goldman Sachs
New York
|
+$183M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$145M |
| 4 |
D.E. Shaw & Co
New York
|
+$132M |
| 5 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$96.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$195M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$155M |
| 3 |
Millennium Management
New York
|
-$129M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$117M |
| 5 |
WorldQuant Millennium Advisors
New York
|
-$97.2M |
TRGP Hedge Fund Activity: Q4 2025 in Review
958 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q4 2025, worth a combined $37.2B — up 14% from $32.6B a quarter earlier.
Buyers outnumbered sellers: 157 funds opened new TRGP positions and 89 closed out — a net gain of 68 holders — while 350 added to existing stakes and 314 trimmed.
The largest buyer was Harris Associates, adding an estimated $939M. The largest seller was Wellington Management Group, cutting an estimated $195M.
- 958 institutional investors held Targa Resources (TRGP) as of Q4 2025, up from 906 in Q3 2025.
- Funds reported $37.2B of Targa Resources stock for Q4 2025, up 14% quarter-over-quarter.
- 157 funds opened new Targa Resources positions in Q4 2025 and 89 closed out, a net change of +68 holders.
- The largest Targa Resources buyer in Q4 2025 was Harris Associates, an estimated $939M added.
- The largest Targa Resources seller in Q4 2025 was Wellington Management Group, an estimated $195M sold.
Based on aggregated 13F filings for Q4 2025.