Who owns Target Hospitality (TH)
Which tracked institutional funds hold TH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TH company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on TH is one-sided between 2026-Q1 and 2026-Q2: 100 added or opened and 8 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TH’s largest tracked holder by dollar value, Private Capital Management, LLC, sizes it at 6.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TH divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 165 tracked filers holding TH, 120 increased or opened the position and 53 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TH between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 31
- Ophir Asset Management Pty Ltd$55M
- WESTFIELD CAPITAL MANAGEMENT CO LP$43M
- Driehaus Capital Management LLC$34M
- Senator Investment Group LP$28M
- Point72 Asset Management, L.P.$24M
- JENNISON ASSOCIATES LLC$19M
Full exits 5
- Philadelphia Financial Management of San Francisco, LLC$15M
- HighTower Advisors, LLC$15M
- COOPER CREEK PARTNERS MANAGEMENT LLC$7M
- Empowered Funds, LLC$2M
- Diametric Capital, LP$551K
Largest adds
- BlackRock, Inc.$41M
- Rubric Capital Management LP$32M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$27M
- Private Capital Management, LLC$23M
- VANGUARD CAPITAL MANAGEMENT LLC$18M
- AMERICAN CENTURY COMPANIES INC$17M
Largest trims
- BRIDGEWAY CAPITAL MANAGEMENT, LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
- PDT Partners, LLC$939K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Private Capital Management, LLC trimmed | 3,261,078 | $66M | 7.0% | 2026-Q2 |
| BlackRock, Inc. added | 3,158,745 | $64M | 6.8% | 2026-Q2 |
| Ophir Asset Management Pty Ltd new | 2,690,673 | $55M | 5.8% | 2026-Q2 |
| Rubric Capital Management LP added | 2,586,389 | $53M | 5.6% | 2026-Q2 |
| WESTFIELD CAPITAL MANAGEMENT CO LP new | 2,103,813 | $43M | 4.5% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 1,841,889 | $38M | 4.0% | 2026-Q2 |
| Driehaus Capital Management LLC new | 1,679,925 | $34M | 3.6% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 1,525,878 | $31M | 3.3% | 2026-Q2 |
| Senator Investment Group LP new | 1,399,345 | $28M | 3.0% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 1,361,041 | $28M | 2.9% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,335,450 | $27M | 2.9% | 2026-Q2 |
| Point72 Asset Management, L.P. new | 1,190,691 | $24M | 2.6% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,026,191 | $21M | 2.2% | 2026-Q2 |
| JENNISON ASSOCIATES LLC new | 938,269 | $19M | 2.0% | 2026-Q2 |
| 71 West Capital Partners | 907,322 | $18M | 2.0% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 885,044 | $18M | 1.9% | 2026-Q2 |
| STATE STREET CORP added | 867,734 | $18M | 1.9% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 795,645 | $16M | 1.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 726,830 | $15M | 1.6% | 2026-Q2 |
| Qube Research & Technologies Ltd new | 699,710 | $14M | 1.5% | 2026-Q2 |
| UBS Group AG added | 680,223 | $14M | 1.5% | 2026-Q2 |
| Hood River Capital Management LLC new | 673,847 | $14M | 1.4% | 2026-Q2 |
| KR Capital LP added | 556,093 | $11M | 1.2% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 551,826 | $11M | 1.2% | 2026-Q2 |
| ROYCE & ASSOCIATES LP | 523,941 | $11M | 1.1% | 2026-Q2 |
| Shay Capital LLC added | 505,000 | $10M | 1.1% | 2026-Q2 |
| SEVEN GRAND MANAGERS, LLC new | 500,000 | $10M | 1.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 487,692 | $10M | 1.0% | 2026-Q2 |
| Archon Capital Management LLC added | 462,422 | $9M | 1.0% | 2026-Q2 |
| BW Gestao de Investimentos Ltda. new | 450,000 | $9M | 1.0% | 2026-Q2 |
| Yaupon Capital Management LP new | 435,097 | $9M | 0.9% | 2026-Q2 |
| Kore Advisors LP trimmed | 433,853 | $9M | 0.9% | 2026-Q2 |
| LONESTAR CAPITAL MANAGEMENT LLC added | 433,100 | $9M | 0.9% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 423,317 | $9M | 0.9% | 2026-Q2 |
| FIRST SABREPOINT CAPITAL MANAGEMENT LP trimmed | 420,000 | $9M | 0.9% | 2026-Q2 |
| Bank of New York Mellon Corp added | 399,789 | $8M | 0.9% | 2026-Q2 |
| MORGAN STANLEY added | 362,299 | $7M | 0.8% | 2026-Q2 |
| Counterpoint Mutual Funds LLC new | 355,095 | $7M | 0.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 350,802 | $7M | 0.8% | 2026-Q2 |
| NORTHERN TRUST CORP added | 333,229 | $7M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 289,731 | $6M | 0.6% | 2026-Q2 |
| FRED ALGER MANAGEMENT, LLC new | 283,482 | $6M | 0.6% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 280,843 | $6M | 0.6% | 2026-Q2 |
| GROUP ONE TRADING LLC added | 273,036 | $6M | 0.6% | 2026-Q2 |
| Nicholas Investment Partners, LP new | 269,595 | $5M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 234,289 | $5M | 0.5% | 2026-Q2 |
| Informed Momentum Co LLC new | 188,805 | $4M | 0.4% | 2026-Q2 |
| CITIGROUP INC added | 174,747 | $4M | 0.4% | 2026-Q2 |
| Nuveen, LLC added | 168,933 | $3M | 0.4% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC new | 165,060 | $3M | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 156,748 | $3M | 0.3% | 2026-Q2 |
| Burkehill Global Management, LP new | 150,000 | $3M | 0.3% | 2026-Q2 |
| Crestmont Private Wealth LLC | 146,566 | $3M | 0.3% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 137,230 | $3M | 0.3% | 2026-Q2 |
| Squarepoint Ops LLC added | 132,521 | $3M | 0.3% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 131,458 | $3M | 0.3% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 122,059 | $2M | 0.3% | 2026-Q2 |
| EQUITABLE TRUST CO trimmed | 118,972 | $2M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 115,110 | $2M | 0.2% | 2026-Q2 |
| ExodusPoint Capital Management, LP added | 114,179 | $2M | 0.2% | 2026-Q2 |
| Centiva Capital, LP added | 111,672 | $2M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 104,692 | $2M | 0.2% | 2026-Q2 |
| Aquatic Capital Management LLC new | 103,699 | $2M | 0.2% | 2026-Q2 |
| SummerHaven Investment Management, LLC | 94,484 | $2M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 93,522 | $2M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC new | 75,108 | $2M | 0.2% | 2026-Q2 |
| WINTON GROUP Ltd added | 73,566 | $1M | 0.2% | 2026-Q2 |
| ANTIPODES PARTNERS Ltd trimmed | 73,157 | $1M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 72,534 | $1M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 72,490 | $1M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 72,333 | $1M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 70,817 | $1M | 0.2% | 2026-Q2 |
| Walleye Capital LLC new | 65,599 | $1M | 0.1% | 2026-Q2 |
| Swiss National Bank trimmed | 65,300 | $1M | 0.1% | 2026-Q2 |
| Calamos Advisors LLC new | 61,001 | $1M | 0.1% | 2026-Q2 |
| CREDIT AGRICOLE S A new | 60,000 | $1M | 0.1% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 55,000 | $1M | 0.1% | 2026-Q2 |
| Weiss Asset Management LP new | 54,088 | $1M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP trimmed | 53,556 | $1M | 0.1% | 2026-Q2 |
| Legato Capital Management LLC new | 52,918 | $1M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 51,489 | $1M | 0.1% | 2026-Q2 |
| IMC-Chicago, LLC added | 50,828 | $1M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 50,569 | $1M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 49,121 | $1M | 0.1% | 2026-Q2 |
| Vinva Investment Management Ltd new | 48,222 | $6M | 0.7% | 2026-Q2 |
| Walleye Trading LLC added | 45,568 | $928K | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 43,050 | $876K | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 42,520 | $866K | 0.1% | 2026-Q2 |
| FULLER & THALER ASSET MANAGEMENT, INC. trimmed | 40,861 | $832K | 0.1% | 2026-Q2 |
| STRS OHIO added | 37,700 | $768K | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 33,407 | $681K | 0.1% | 2026-Q2 |
| Inspire Investing, LLC trimmed | 33,300 | $678K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 32,614 | $664K | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 29,939 | $610K | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 28,628 | $583K | 0.1% | 2026-Q2 |
| US BANCORP \DE\ added | 26,845 | $547K | 0.1% | 2026-Q2 |
| Creative Planning added | 26,774 | $545K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 26,606 | $542K | 0.1% | 2026-Q2 |
| OMERS ADMINISTRATION Corp new | 26,600 | $542K | 0.1% | 2026-Q2 |
| PDT Partners, LLC trimmed | 25,447 | $518K | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.