Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in TRGP held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 20.8M | $5.59B | +1.4% | 9.706% | 0.08% |
| 2 | STATE STREET CORP | 14.2M | $3.81B | +4.6% | 6.628% | 0.06% |
| 3 | WELLINGTON MANAGEMENT GROUP LLP | 14.2M | $3.80B | -5.8% | 6.605% | 0.66% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 14.0M | $3.76B | +0.5% | 6.530% | 0.08% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.7M | $3.14B | -1.3% | 5.450% | 0.14% |
| 6 | HARRIS ASSOCIATES L P | 7.9M | $2.13B | -9.0% | 3.698% | 2.82% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 6.1M | $1.63B | +1.3% | 2.834% | 0.09% |
| 8 | NORGES BANK | 4.2M | $1.13B | — | 1.964% | 0.11% |
| 9 | Blackstone Inc. | 3.6M | $965.8M | +7.8% | 1.678% | 2.48% |
| 10 | MORGAN STANLEY | 3.6M | $954.4M | +10.6% | 1.658% | 0.05% |
| 11 | TORTOISE CAPITAL ADVISORS, L.L.C. | 3.5M | $946.4M | -0.5% | 1.644% | 9.62% |
| 12 | Invesco Ltd. | 3.4M | $910.6M | +11.9% | 1.582% | 0.07% |
| 13 | FMR LLC | 3.3M | $896.8M | +24.8% | 1.558% | 0.04% |
| 14 | GOLDMAN SACHS GROUP INC | 3.1M | $831.0M | -0.9% | 1.444% | 0.07% |
| 15 | DEUTSCHE BANK AG\ | 3.0M | $811.2M | +21.7% | 1.409% | 0.24% |
| 16 | BANK OF AMERICA CORP /DE/ | 2.7M | $734.8M | -13.1% | 1.277% | 0.05% |
| 17 | Neuberger Berman Group LLC | 2.7M | $722.2M | -0.6% | 1.255% | 0.24% |
| 18 | NORTHERN TRUST CORP | 2.3M | $627.9M | -5.2% | 1.091% | 0.07% |
| 19 | D. E. Shaw & Co., Inc. | 2.3M | $616.0M | -5.4% | 1.070% | 0.29% |
| 20 | DIMENSIONAL FUND ADVISORS LP | 2.3M | $614.1M | +2.4% | 1.067% | 0.11% |
| 21 | Amundi | 2.2M | $595.8M | +10.8% | 1.035% | 0.14% |
| 22 | UBS Group AG | 1.8M | $494.1M | -0.7% | 0.859% | 0.06% |
| 23 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.8M | $488.1M | +6.8% | 0.848% | 0.06% |
| 24 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 1.4M | $382.0M | -5.7% | 0.664% | 0.07% |
| 25 | JPMORGAN CHASE & CO | 1.4M | $375.1M | -15.7% | 0.644% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in TRGP — a direct measure of their conviction.
Filings activity in TRGP during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new TRGP position in Q2 2026
Institutions that fully closed their TRGP position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,095 | +6.8% | 93.97% | +2.69 pp | $52.71B | +10% |
| Q1 2026 | 1,025 | +9.5% | 91.28% | 0.98 pp | $47.91B | +35% |
| Q4 2025 | 936 | +6.2% | 92.26% | +2.23 pp | $35.56B | +13% |
| Q3 2025 | 881 | 0.9% | 90.03% | +1.13 pp | $31.46B | 3.4% |
| Q2 2025 | 889 | 4.9% | 88.90% | +0.60 pp | $32.57B | 11% |
| Q1 2025 | 935 | +2.9% | 88.30% | 1.78 pp | $36.73B | +8.5% |
| Q4 2024 | 909 | +16% | 90.08% | +2.68 pp | $33.86B | +25% |
| Q3 2024 | 786 | — | 87.40% | — | $27.16B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TRGP stock.
Based on Q2 2026 13F filings, institutional ownership of Targa Resources Corp. stands at 94.0%, held across 1,095 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of TRGP, with approximately 20,832,687 shares worth $5.59B as of Q2 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of TRGP.
Our composite Smart Money Score for TRGP is 55 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
129 institutions opened new positions in TRGP during Q2 2026, while 70 fully exited. 728 added to existing positions and 204 trimmed.
TRGP institutional ownership rose by 2.69 percentage points quarter-over-quarter, with a net change of +70 holders.
The top 10 institutions account for 51.0% of all reported 13F value in TRGP, and the top 25 account for 70.1%.
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.
Targa Resources Corp. (TRGP) Institutional Ownership