Targa Res Corp (TRGP) Hedge Fund Ownership (Q2 2026)

Targa Res Corp (TRGP)

1K + Investors. Track Smart Money conviction in TRGP. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — TRGP

Based on 1099 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added TRGP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

1,099 hedge funds hold TRGP right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +22% more funds vs a year ago

fund count last 6Q

+197 new funds entered over the past year (+22% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 55% buying

569 buying458 selling

Last quarter: 569 funds bought or added vs 458 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

⚠️

Fewer new buyers each quarter (-27 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 102 → 162 → 177 → 150. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 23% medium ■ 22% new

602 out of 1,099 hedge funds have held TRGP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares +47%, value +8%

Value

+7%

+47%

Last quarter: funds added +47% more shares while total portfolio value only changed +8%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

100 → 102 → 162 → 177 → 150 new funds/Q

New funds entering each quarter: 102 → 162 → 177 → 150. A growing number of institutions are discovering TRGP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 59% veterans vs 24% newcomers

■ 59% veterans ■ 17% 1-2yr ■ 24% new

Entry-cohort mix of 1,122 holders: 657 (59%) are 2+ year veterans, 191 entered 1–2 years ago, and 274 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds

68 of 1089 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in TRGP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.9

out of 10

Low Exit Risk

Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	1080	1038	4.05%
13F Shares	202M	201M	0.47%
Total Value	$51.80B	$48.36B	7.1%
New Positions	147	177	-30
Increased Positions	413	397	+16
Closed Positions	95	88	+7
Reduced Positions	359	317	+42
Total Calls	16	14	14.29%
Total Puts	14	17	-17.65%
PUT/CALL Ratio	0.88	1.21	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

1080

1038

4.05%

13F Shares

202M

201M

0.47%

Total Value

$51.80B

$48.36B

7.1%

New Positions

147

177

-30

Increased Positions

413

397

+16

Closed Positions

Reduced Positions

359

317

+42

Total Calls

14.29%

Total Puts

-17.65%

PUT/CALL Ratio

0.88

1.21

Neutral

Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TRGP. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 TRGP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Tortoise Capital Advisors, L.L.C.	9.62%	3,529,491	$946.4M
2	Sl Advisors, LLC	8.14%	17,346	$4.7M
3	Recurrent Investment Advisors LLC	7.83%	470,637	$126.2M
4	CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT	7.37%	614,300	$164.7M
5	Fractal Investments LLC	5.97%	193,089	$51.8M
6	Harrison Street Private Wealth LLC	5.59%	14,798	$4.0M
7	ELCO Management Co., LLC	5.39%	46,600	$12.5M
8	Kayne Anderson Capital Advisors LP	5.11%	970,898	$260.3M
9	Bristol Gate Capital Partners Inc.	4.92%	263,694	$70.7M
10	Eagle Global Advisors LLC	4.49%	506,239	$135.7M
11	Zimmer Partners, LP	4.04%	654,500	$175.5M
12	NFC Investments, LLC	4.03%	59,147	$15.9M
13	RR Advisors, LLC	3.96%	51,054	$13.7M
14	Amplify Investments, LLC	3.63%	980	$263K
15	Sicart Associates LLC	3.48%	53,016	$14.2M
16	Adams Natural Resources Fund, INC.	3.22%	91,600	$24.6M
17	Cambridge Financial Group, Inc.	3.08%	33,035	$8.9M
18	Harris Associates L P	2.82%	7,937,530	$2.13B
19	Brentview Investment Management LLC	2.59%	24,422	$6.5M
20	Heronetta Management, L.P.	2.55%	10,342	$2.8M
21	Merewether Investment Management, LP	2.54%	502,928	$134.9M
22	Axecap Investments, LLC	2.53%	17,087	$4.6M
23	Camelot Technology Advisors, INC.	2.00%	11,099	$3.0M
24	Cooksen Wealth, LLC	1.80%	10,640	$2.9M
25	Pinnacle Holdings, LLC	1.78%	21,569	$5.8M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Targa Res Corp (TRGP)

What does the Smart Money Trend signal show for TRGP?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added TRGP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TRGP?

Slight buying edge — 55% buying: Last quarter: 569 funds bought or added vs 458 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TRGP holders?

Elite ownership — 61% AUM from top-100 funds: 68 of 1089 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in TRGP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TRGP?

55% of holders stayed for 2+ years: 602 out of 1,099 hedge funds have held TRGP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Targa Res Corp (TRGP)

Smart Money Signals — TRGP

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +22% more funds vs a year ago

Slight buying edge — 55% buying

Fewer new buyers each quarter (-27 vs last Q)

55% of holders stayed for 2+ years

Buying through price weakness — shares +47%, value +8%

Growing discovery — still being found

Veteran-anchored — 59% veterans vs 24% newcomers

Elite ownership — 61% AUM from top-100 funds

Institutional Sentiment Summary — TRGP

Hedge Fund Ownership: TRGP

Market Analysis: TRGP

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TRGP

Hedge Fund Positioning: TRGP

Statistics: TRGP

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Targa Res Corp (TRGP)

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