Ranked by reported Q1 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. | 20.5M | $5.15B | +3.9% | 9.570% | 0.09% |
| 2 | WELLINGTON MANAGEMENT GROUP LLP | 15.0M | $3.77B | -18.6% | 7.009% | 0.70% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 14.0M | $3.50B | — | 6.499% | 0.09% |
| 4 | STATE STREET CORP | 13.6M | $3.41B | +7.3% | 6.336% | 0.12% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.9M | $2.97B | — | 5.521% | 0.16% |
| 6 | HARRIS ASSOCIATES L P | 8.7M | $2.19B | -10.3% | 4.064% | 2.91% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 6.0M | $1.50B | +2.4% | 2.799% | 0.09% |
| 8 | TORTOISE CAPITAL ADVISORS, L.L.C. | 3.5M | $889.3M | +4.7% | 1.652% | 9.26% |
| 9 | Blackstone Inc | 3.3M | $838.0M | -10.9% | 1.557% | 3.47% |
| 10 | MORGAN STANLEY | 3.2M | $806.9M | -2.6% | 1.499% | 0.05% |
| 11 | BANK OF AMERICA CORP /DE/ | 3.2M | $790.3M | +28.0% | 1.468% | 0.06% |
| 12 | GOLDMAN SACHS GROUP INC | 3.1M | $783.9M | -5.0% | 1.456% | 0.09% |
| 13 | Invesco Ltd. | 3.0M | $760.9M | -6.9% | 1.414% | 0.12% |
| 14 | Neuberger Berman Group LLC | 2.7M | $679.4M | -3.0% | 1.263% | 0.52% |
| 15 | FMR LLC | 2.7M | $671.7M | +32.0% | 1.248% | 0.04% |
| 16 | DEUTSCHE BANK AG\ | 2.5M | $623.2M | +97.2% | 1.158% | 0.21% |
| 17 | NORTHERN TRUST CORP | 2.5M | $619.6M | +10.0% | 1.151% | 0.08% |
| 18 | D. E. Shaw & Co., Inc. | 2.4M | $608.8M | — | 1.131% | 0.57% |
| 19 | DIMENSIONAL FUND ADVISORS LP | 2.2M | $560.5M | -0.9% | 1.042% | 0.12% |
| 20 | Amundi | 2.0M | $503.0M | +9.3% | 0.935% | 0.14% |
| 21 | UBS Group AG | 1.9M | $465.5M | +11.3% | 0.865% | 0.07% |
| 22 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.7M | $427.4M | +3.2% | 0.794% | 0.07% |
| 23 | CANADA PENSION PLAN INVESTMENT BOARD | 1.7M | $416.3M | -16.6% | 0.774% | 0.27% |
| 24 | UBS ASSET MANAGEMENT AMERICAS INC | 1.5M | $378.7M | +9.2% | 0.704% | 0.08% |
| 25 | BROOKFIELD ASSET MANAGEMENT INC. | 1.5M | $366.7M | -12.3% | 0.681% | 0.49% |
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 Q1 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,005 | +8.2% | 80.90% | +21.14 pp | $47.34B | +35% |
| Q4 2025 | 929 | +6.3% | 59.76% | +7.01 pp | $34.97B | +13% |
| Q3 2025 | 874 | 1.7% | 52.75% | 2.91 pp | $30.87B | 5.2% |
| Q2 2025 | 889 | 4.9% | 55.66% | 7.11 pp | $32.57B | 11% |
| Q1 2025 | 935 | +2.9% | 62.77% | +4.91 pp | $36.73B | +8.5% |
| Q4 2024 | 909 | +16% | 57.86% | +11.44 pp | $33.86B | +25% |
| Q3 2024 | 786 | +10% | 46.42% | +4.87 pp | $27.16B | +12% |
| Q2 2024 | 712 | — | 41.55% | — | $24.31B | — |
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 Q1 2026 13F filings, institutional ownership of Targa Resources Corp. stands at 80.9%, held across 1,005 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of TRGP, with approximately 20,541,573 shares worth $5.15B as of Q1 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.
170 institutions opened new positions in TRGP during Q1 2026, while 94 fully exited. 749 added to existing positions and 80 trimmed.
TRGP institutional ownership rose by 21.14 percentage points quarter-over-quarter, with a net change of +76 holders.
The top 10 institutions account for 52.9% of all reported 13F value in TRGP, and the top 25 account for 71.1%.
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