13FPulse
TR

TRGP TARGA RESOURCES CORP

2026Q2 · CUSIP 87612G101 · Sector: Energy

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,058
Institutions that reported holding it to the SEC
Net increase in holders
+31
Last quarter 1,027 → now 1,058
How unusual is that
Top 20%
Stronger buying than 90% of US stocks
What the filings say, in one paragraph

1,058 funds held TRGP at the end of 2026Q2, up 31 from the quarter before. That is stronger buying than 89.9% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $16.7B(YoY -2.0%), the P/E is 28.3x, return on equity is 62.0%. TRGP has had 31 buying rushes in its history, and the price moved +5.7% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Energy sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=174 2013Q4: holders=188 2014Q1: holders=202 2014Q2: holders=227 2014Q3: holders=243 2014Q4: holders=239 2015Q1: holders=292 2015Q2: holders=271 2015Q3: holders=243 2015Q4: holders=211 2016Q1: holders=320 2016Q2: holders=348 2016Q3: holders=364 2016Q4: holders=410 2017Q1: holders=427 2017Q2: holders=409 2017Q3: holders=390 2017Q4: holders=420 2018Q1: holders=435 2018Q2: holders=441 2018Q3: holders=457 2018Q4: holders=471 2019Q1: holders=467 2019Q2: holders=434 2019Q3: holders=435 2019Q4: holders=457 2020Q1: holders=398 2020Q2: holders=345 2020Q3: holders=336 2020Q4: holders=366 2021Q1: holders=376 2021Q2: holders=407 2021Q3: holders=423 2021Q4: holders=470 2022Q1: holders=507 2022Q2: holders=515 2022Q3: holders=506 2022Q4: holders=553 2023Q1: holders=581 2023Q2: holders=594 2023Q3: holders=621 2023Q4: holders=651 2024Q1: holders=687 2024Q2: holders=737 2024Q3: holders=818 2024Q4: holders=943 2025Q1: holders=967 2025Q2: holders=906 2025Q3: holders=897 2025Q4: holders=948 2026Q1: holders=1027 2026Q2: holders=1058 -125 -62.5 +0 +62.5 +125 1566341111 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 31 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2026Q1 Top 5% -4.1%
2025Q4 Top 10% +12.0% +21.4%
2025Q1 Top 10% +4.8% -1.8%
2024Q4 Top 5% +0.2% -18.9%
2024Q3 Top 5% -6.5% +1.1%
2024Q2 Top 5% +7.6% +35.1%
2024Q1 Top 10% +12.6% +23.5%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
324
Change in large funds
+27
Total value they hold
$53.6B
Funds buying for the first time
140
Funds that sold out entirely
109
Price change that quarter
+8.3%
Funds holding puts (bearish)
13
Funds holding calls (bullish)
16

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
28.3
EPS (TTM)
$10.46
EPS YoY
+50.1%
Revenue (TTM)
$16.7B
Revenue YoY
-2.0%
Net margin
13.5%
ROE
62.0%
Debt ratio
87.2%
FCF (TTM)
$741M
Dividend (TTM)
$4.25
Quarterly Revenue & EPS
2021-09-30: EPS 0.66 2021-12-31: EPS -1.41 2022-03-31: EPS 0.06 2022-06-30: EPS 1.61 2022-09-30: EPS 0.84 2022-12-31: EPS 1.37 2023-03-31: EPS 0.03 2023-06-30: EPS 1.44 2023-09-30: EPS 0.97 2023-12-31: EPS 1.22 2024-03-31: EPS 1.22 2024-06-30: EPS 1.33 2024-09-30: EPS 1.75 2024-12-31: EPS 1.44 2025-03-31: EPS 0.91 2025-06-30: EPS 2.87 2025-09-30: EPS 2.20 2025-12-31: EPS 2.51 2026-03-31: EPS 2.21 2026-06-30: EPS 3.54 0B 3.0B 6.1B $B -1.55 1.17 3.89 201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 26 15 43 71 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-852M-79M694M 20162017201820192020202120222023202420252026
Latest quarter $-160M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.