Targa Resources
TRGP
1,036 hedge funds and large institutions have $49.9B invested in Targa Resources in 2026 Q1 according to their latest regulatory filings, with 166 funds opening new positions, 402 increasing their positions, 320 reducing their positions, and 77 closing their positions.
233% more call options, than puts
Call options by funds: $236M | Put options by funds: $71.1M
116% more first-time investments, than exits
New positions opened: 166 | Existing positions closed: 77
59% more funds holding in top 10
Funds holding in top 10: 17 → 27 (+10)
34% more capital invested
Capital invested by funds: $37.2B → $49.9B (+$12.6B)
26% more repeat investments, than reductions
Existing positions increased: 402 | Existing positions reduced: 320
8% more funds holding
Funds holding: 957 → 1,036 (+79)
1.47% less ownership
Funds ownership: 94.12% → 92.65% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$266M |
| 2 |
State Street
Boston,
Massachusetts
|
+$202M |
| 3 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$195M |
| 4 |
BlackRock
New York
|
+$168M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$149M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$746M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$218M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$150M |
| 4 |
Blackstone Inc
New York
|
-$89M |
| 5 |
D.E. Shaw & Co
New York
|
-$79.3M |
TRGP Hedge Fund Activity: Q1 2026 in Review
1,036 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q1 2026, worth a combined $49.9B — up 34% from $37.2B a quarter earlier.
Buyers outnumbered sellers: 166 funds opened new TRGP positions and 77 closed out — a net gain of 89 holders — while 402 added to existing stakes and 320 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $266M. The largest seller was Wellington Management Group, cutting an estimated $746M.
- 1,036 institutional investors held Targa Resources (TRGP) as of Q1 2026, up from 957 in Q4 2025.
- Funds reported $49.9B of Targa Resources stock for Q1 2026, up 34% quarter-over-quarter.
- 166 funds opened new Targa Resources positions in Q1 2026 and 77 closed out, a net change of +89 holders.
- The largest Targa Resources buyer in Q1 2026 was Deutsche Bank, an estimated $266M added.
- The largest Targa Resources seller in Q1 2026 was Wellington Management Group, an estimated $746M sold.
Based on aggregated 13F filings for Q1 2026.