Targa Resources Corp.
Targa Resources Corp. (TRGP) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · TRGP · as of Sep 30, 2025
Ownership Breakdown
936
Institutional Holders
▼ 20 vs Q2
$32.55B
Total Inst. Value
▼ $1.74B vs Q2
214.64M
Shares Outstanding
freeFloat 98.43%
194.43M
13F Shares Held
▼ 2.60M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
TRGP largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC natural gas transmission | 28.38M | 13.10% | 13.10% | $4.76T | Nov 7, 2025 | ▲ 422.1K |
BLACKROCK, INC. natural gas transmission | 19.84M | 9.16% | 9.16% | $3.32T | Nov 12, 2025 | ▼ 1.24M |
WELLINGTON MANAGEMENT GROUP LLP natural gas transmission | 19.64M | 9.07% | 9.07% | $3.29T | Nov 14, 2025 | ▲ 1.62M |
STATE STREET CORP natural gas transmission | 12.51M | 5.77% | 5.77% | $2.10T | Nov 14, 2025 | ▼ 384.2K |
GEODE CAPITAL MANAGEMENT, LLC natural gas transmission | 5.82M | 2.69% | 2.69% | $971.53B | Nov 12, 2025 | ▼ 35.0K |
HARRIS ASSOCIATES L P natural gas transmission | 4.16M | 1.92% | 1.92% | $696.13B | Nov 14, 2025 | ▲ 3.89M |
BLACKSTONE INC. natural gas transmission | 3.82M | 1.76% | 1.76% | $639.67B | Nov 14, 2025 | ▲ 191.5K |
INVESCO LTD. natural gas transmission | 3.44M | 1.59% | 1.59% | $575.82B | Nov 13, 2025 | ▼ 308.2K |
MORGAN STANLEY natural gas transmission | 3.41M | 1.58% | 1.58% | $571.91B | May 27, 2026 | ▼ 197.4K |
TORTOISE CAPITAL ADVISORS, L.L.C. natural gas transmission | 2.82M | 1.30% | 1.30% | $471.87B | Nov 13, 2025 | ▼ 30.2K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
25
Increased
+10.15M shares0
New Positions
first time holders25
Decreased
−5.06M shares0
Sold Out
fully exitedNet shares change (top 50)
+5.09M
+10.15M / −5.06M
Net new holders
+0
0 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
TRGP insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
0
Buy transactions
3
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
MELOY MATTHEW J Chief Executive Officer | May 14, 2026 | Gift | 15,000 | — | — | 712.3K | Form 4 ↗ |
CRISP CHARLES R director | May 12, 2026 | Sale | 10,602 | $255.96 | $2.71M | 66.5K | Form 4 ↗ |
Chung Paul W director | May 12, 2026 | Gift | 6,000 | — | — | 31.5K | Form 4 ↗ |
Muraro Robert Chief Commercial Officer | Mar 5, 2026 | Sale | 24,589 | $241.34 | $5.93M | 197.4K | Form 4 ↗ |
McDonie Patrick J. See Remarks | Mar 2, 2026 | Sale | 30,421 | $239.33 | $7.28M | 306.3K | Form 4 ↗ |
McDonie Patrick J. See Remarks | Mar 2, 2026 | Sale | 1,116 | $240.25 | $268.1K | 305.2K | Form 4 ↗ |
Branstetter Benjamin James See Remarks | Mar 1, 2026 | Tax Withhold | 3,542 | $235.80 | $835.2K | 32.5K | Form 4 ↗ |
Branstetter Benjamin James See Remarks | Mar 2, 2026 | Sale | 3,158 | $238.83 | $754.2K | 29.4K | Form 4 ↗ |
Branstetter Benjamin James See Remarks | Mar 2, 2026 | Sale | 100 | $238.99 | $23.9K | 29.3K | Form 4 ↗ |
Cooksen Lindsey director | Feb 26, 2026 | Sale | 435 | $231.72 | $100.8K | 11.7K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Targa Resources Corp. (TRGP) is primarily owned by institutional investors, who hold approximately 90.6% of total shares outstanding. Company insiders own approximately 1.57%, while retail and public investors account for the remaining 7.85%.
The largest institutional shareholder of Targa Resources Corp. is VANGUARD GROUP INC, holding approximately 28.38 million shares — equal to 13.10% of outstanding shares — as of September 30, 2025.
A total of 936 institutional investors currently hold TRGP stock, with a combined institutional value of approximately $32.55 billion as of the most recent 13F filing period.
Frequently asked questions
TRGP ownershipTarga Resources Corp. (TRGP) is primarily owned by institutional investors, who hold approximately 90.6% of shares. The largest shareholder is VANGUARD GROUP INC with a 13.10% stake. Company insiders hold 1.57%. Data sourced from SEC Form 13F as of September 30, 2025.