Targa Resources CORP (TRGP) Hedge Fund & Institutional Holdings (Q2 2026)

TRGP ranks #404 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

TRGP is a top-conviction position for Chickasaw Capital Management LLC — at 15.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in TRGP belongs to BlackRock, Inc., but the position matters far more to Chickasaw Capital Management LLC, who has 15.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

BlackRock has added to its TRGP position for two straight quarters, increasing it by $1.9B to reach $5.6B today.

Cbre Investment Management Listed Real Assets LLC has trimmed its TRGP position for two straight quarters, cutting it by $31.2M while still holding $83.9M.

TRGP is up 2% today, and institutions have been net buyers of $17.9B this quarter — today's price move and the underlying institutional flow are pointing the same direction.

TRGP posted net income of $2.3B over the trailing twelve months, and currently trades at a P/E of 28.1.

• Profitable — net income of $2.3B over the trailing twelve months
• Revenue declined 2.0% year over year
• Net income improved year over year, from $1.6B to $2.3B
• Generated $3.9B in positive operating cash flow
• Current ratio of 0.67x — below the conventional 1.5x liquidity buffer
• Liabilities run 8.22x equity — a highly leveraged balance sheet worth noting