Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TH held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Private Capital Management, LLC | 4.7M | $43.3M | +3.5% | 4.653% | 4.32% |
| 2 | BlackRock, Inc. | 2.5M | $23.0M | -4.9% | 2.480% | 0.00% |
| 3 | Rubric Capital Management LP | 2.2M | $20.3M | 0.0% | 2.186% | 0.25% |
| 4 | Philadelphia Financial Management of San Francisco, LLC | 1.6M | $15.0M | -51.1% | 1.614% | 4.81% |
| 5 | HighTower Advisors, LLC | 1.6M | $14.9M | +0.0% | 1.601% | 0.02% |
| 6 | DIMENSIONAL FUND ADVISORS LP | 1.4M | $13.3M | +21.4% | 1.426% | 0.00% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 1.4M | $13.0M | β | 1.403% | 0.00% |
| 8 | AMERICAN CENTURY COMPANIES INC | 1.2M | $10.8M | +8.2% | 1.167% | 0.01% |
| 9 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.1M | $10.0M | +15.9% | 1.079% | 0.01% |
| 10 | RENAISSANCE TECHNOLOGIES LLC | 951K | $8.8M | +4.5% | 0.950% | 0.01% |
| 11 | 71 West Capital Partners | 907K | $8.4M | +1.7% | 0.906% | 0.37% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 845K | $7.8M | +3.0% | 0.843% | 0.00% |
| 13 | STATE STREET CORP | 768K | $7.1M | +0.2% | 0.766% | 0.00% |
| 14 | CITADEL ADVISORS LLC | 651K | $6.0M | +1.3% | 0.649% | 0.00% |
| 15 | FIRST SABREPOINT CAPITAL MANAGEMENT LP | 602K | $5.6M | +301.2% | 0.601% | 2.28% |
| 16 | ROYCE & ASSOCIATES LP | 524K | $4.9M | +49.8% | 0.523% | 0.05% |
| 17 | Kore Advisors LP | 466K | $4.3M | +9.6% | 0.465% | 4.92% |
| 18 | Shay Capital LLC | 450K | $4.2M | -42.5% | 0.449% | 0.36% |
| 19 | Archon Capital Management LLC | 438K | $4.1M | β | 0.437% | 2.29% |
| 20 | LONESTAR CAPITAL MANAGEMENT LLC | 375K | $3.5M | -25.0% | 0.374% | 1.71% |
| 21 | VANGUARD PORTFOLIO MANAGEMENT LLC | 321K | $3.0M | β | 0.321% | 0.00% |
| 22 | NORTHERN TRUST CORP | 270K | $2.5M | +2.8% | 0.269% | 0.00% |
| 23 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 267K | $2.5M | -2.3% | 0.266% | 0.00% |
| 24 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 240K | $2.2M | -19.0% | 0.240% | 0.04% |
| 25 | MILLENNIUM MANAGEMENT LLC | 228K | $2.1M | +992.6% | 0.228% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in TH β a direct measure of their conviction.
Filings activity in TH during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new TH position in Q1 2026
Institutions that fully closed their TH position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 132 | 1.5% | 15.21% | +1.28 pp | $280M | +9.2% |
| Q4 2025 | 134 | +6.3% | 13.93% | 0.13 pp | $257M | 0.9% |
| Q3 2025 | 126 | 5.3% | 14.06% | +2.07 pp | $259M | +17% |
| Q2 2025 | 133 | +4.7% | 11.99% | +0.97 pp | $221M | +8.8% |
| Q1 2025 | 127 | +2.4% | 11.02% | 4.37 pp | $203M | 28% |
| Q4 2024 | 124 | +0.0% | 15.39% | +4.60 pp | $284M | +43% |
| Q3 2024 | 124 | +2.5% | 10.79% | 1.23 pp | $199M | 10% |
| Q2 2024 | 121 | β | 12.02% | β | $222M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TH stock.
Based on Q1 2026 13F filings, institutional ownership of Target Hospitality Corp. stands at 15.2%, held across 132 reporting institutions.
Private Capital Management, LLC is the largest reported institutional holder of TH, with approximately 4,660,619 shares worth $0.04B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of TH, including RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for TH is 66 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
28 institutions opened new positions in TH during Q1 2026, while 30 fully exited. 75 added to existing positions and 27 trimmed.
TH institutional ownership rose by 1.28 percentage points quarter-over-quarter, with a net change of -2 holders.
The top 10 institutions account for 61.5% of all reported 13F value in TH, and the top 25 account for 85.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Target Hospitality Corp. (TH) Institutional Ownership