Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Targa Res Corp (TRGP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +86
Streak
2Q ▲
Buyers last Q
58%

Smart Money Signals — TRGP

Based on 1034 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 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
1,034 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.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+72 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

577 buying411 selling
Last quarter: 577 funds bought or added vs 411 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.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new TRGP position: 99 → 102 → 162 → 175. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 21% medium ■ 24% new
570 out of 1,034 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.
💰

Price up while funds trimmed (+30% value, -3% shares)

Value
+29%
Shares
-2%
Last quarter: total value of institutional TRGP holdings rose +30% even though funds reduced share count by 3%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

140 → 99 → 102 → 162 → 175 new funds/Q
New funds entering each quarter: 99 → 102 → 162 → 175. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 14% 1-2yr ■ 27% new
Of 1,058 current holders: 623 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
65 of 1034 holders are among the 100 largest funds by AUM, controlling 47% 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.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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.

Institutional Sentiment Summary — TRGP

In 2026 Q1, 577 hedge funds were net buyers of TRGP (175 opened a new position, 402 added to an existing one), while 411 reduced or exited (322 trimmed, 89 sold completely) — a 58% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 47% of total institutional value in TRGP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +86 funds (more new holders than closures). Total institutional holders: 1034.

Hedge Fund Ownership: TRGP

How many hedge funds hold TRGP — quarterly history vs. share price
Quarterly hedge fund ownership of TRGP vs. share price

Market Analysis: TRGP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRGP

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Targa Res Corp (TRGP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TRGP has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 73d ago
TRGP
+7.4%
XLE
-6.0%

TRGP outperformed XLE by +13.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 28d ago
TRGP
-1.0%
XLE
-3.1%

Since the filing became public, TRGP outperformed XLE by +2.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

65 top-rated funds 20 high-conviction
Consensus
7.9
/ 10
breadth
×
Elite
7.4
/ 10
conviction
Hedge Fund Positioning: TRGP
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1028 948 8.44%
13F Shares 198M 203M -2.56%
Total Value $47.71B $36.76B 29.81%
New Positions 174 162 +12
Increased Positions 396 341 +55
Closed Positions 94 101 -7
Reduced Positions 312 310 +2
Total Calls 14 14 -
Total Puts 17 9 88.89%
PUT/CALL Ratio 1.21 0.64 Bearish

Statistics: TRGP

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

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:
Top 25 TRGP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Tortoise Capital Advisors, L.L.C. 9.26% 3,546,761 $889.3M
2 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 8.10% 652,300 $163.6M
3 Sl Advisors, LLC 7.40% 17,438 $4.4M
4 Recurrent Investment Advisors LLC 7.12% 471,801 $118.3M
5 Bristol Gate Capital Partners Inc. 6.30% 389,655 $97.7M
6 ELCO Management Co., LLC 5.94% 49,405 $12.4M
7 Eagle Global Advisors LLC 4.88% 540,573 $135.5M
8 Zimmer Partners, LP 4.81% 794,933 $199.3M
9 Fractal Investments LLC 4.70% 158,424 $39.7M
10 NFC Investments, LLC 4.64% 66,501 $16.7M
11 RR Advisors, LLC 4.25% 61,054 $15.3M
12 Cambridge Financial Group, Inc. 4.12% 43,985 $11.0M
13 Amplify Investments, LLC 3.74% 833 $209K
14 Kayne Anderson Capital Advisors LP 3.74% 777,603 $195.0M
15 Munro Partners 3.64% 428,800 $107.5M
16 Sicart Associates LLC 3.42% 53,146 $13.3M
17 Blackstone Inc. 3.27% 3,342,348 $838.0M
18 Merewether Investment Management, LP 3.15% 648,440 $162.6M
19 Harris Associates L P 2.91% 8,723,203 $2.19B
20 Adams Natural Resources Fund, INC. 2.69% 92,500 $23.2M
21 Brentview Investment Management LLC 2.52% 23,227 $5.8M
22 Heronetta Management, L.P. 2.37% 10,342 $2.6M
23 Bahl & Gaynor Inc 2.18% 1,726,266 $432.8M
24 Eventide Asset Management, LLC 2.08% 502,287 $125.8M
25 Gunderson Capital Management LLC 2.03% 19,372 $4.9M
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 — 2 quarters in a row: For 2 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 — 58% buying: Last quarter: 577 funds bought or added vs 411 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 — 47% AUM from top-100 funds: 65 of 1034 holders are among the 100 largest funds by AUM, controlling 47% 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: 570 out of 1,034 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.

Is it too late to buy Targa Res Corp (TRGP) following the 2026 Q1 hedge fund 13F filings?

As of today, TRGP has moved -1.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.1% for the XLE sector ETF — an outperformance of +2.1%. Since the quarter end (March 31, 2026), TRGP has gained +7.4% vs -6.0% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →