Target Hospitality Corp.: which funds bought and sold

Institutions that bought and sold Target Hospitality shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 119 institutions that filed 13F reports for both quarters added to or opened positions in Target Hospitality, and 46 cut or closed them. Together they added a net 18.0M shares, +57.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 10.5M shares (+138.4%); index fund managers were net buyers of 1.4M shares (+21.5%). 50 opened a new position and 13 sold out entirely.

Bought, Q2 2026 119 institutions, 50 of them new holders Sold, Q2 2026 46 institutions, 13 of them sold out

Net change, all compared +18.0M shares (+57.8%)

Net change, active managers +10.5M shares (+138.4%), 29 bought, 7 sold

Buyers versus sellers

institutions compared, 180

119 bought 15 46 sold

Active managers and hedge funds 29 bought · 7 sold · +10.5M

Index fund managers 9 bought · 0 sold · +1.4M

Other institutions 81 bought · 39 sold · +6.1M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Ophir Asset Management Pty Ltd	+2.7M New position	2.7M	$54.8M
Westfield Capital Management Co LP Active manager	+2.1M New position	2.1M	$42.8M
Driehaus Capital Management LLC Active manager	+1.7M New position	1.7M	$34.2M
Cooper Creek Partners Management LLC	+1.3M +183.6%	2.1M	$41.8M
Point72 Asset Management, L.P. Hedge fund	+1.2M New position	1.2M	$24.2M
Jennison Associates LLC Active manager	+938K New position	938K	$19.1M
Arrowstreet Capital, Limited Partnership Hedge fund	+761K +70.4%	1.8M	$37.5M
Qube Research & Technologies Ltd Hedge fund	+700K New position	700K	$14.2M
Blackrock, Inc. Index funds	+675K +27.2%	3.2M	$64.3M
Hood River Capital Management LLC	+674K New position	674K	$13.7M
Two Sigma Investments, LP Hedge fund	+633K +677.8%	727K	$14.8M
UBS Group AG	+619K +1011.1%	680K	$13.8M
Millennium Management LLC Hedge fund	+567K +248.5%	796K	$16.2M
Seven Grand Managers, LLC	+500K New position	500K	$10.2M
Bw Gestao De Investimentos Ltda.	+450K New position	450K	$9.2M
Yaupon Capital Management LP Hedge fund	+435K New position	435K	$8.9M
Kr Capital LP	+418K +303.9%	556K	$11.3M
Rubric Capital Management LP Hedge fund	+397K +18.1%	2.6M	$52.7M
D. E. Shaw & Co., Inc. Hedge fund	+358K +548.1%	423K	$8.6M
Counterpoint Mutual Funds LLC	+355K New position	355K	$7.2M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Westfield Capital Management Co LP Active manager	+2.1M New position	2.1M	$42.8M
Driehaus Capital Management LLC Active manager	+1.7M New position	1.7M	$34.2M
Point72 Asset Management, L.P. Hedge fund	+1.2M New position	1.2M	$24.2M
Jennison Associates LLC Active manager	+938K New position	938K	$19.1M
Arrowstreet Capital, Limited Partnership Hedge fund	+761K +70.4%	1.8M	$37.5M
Qube Research & Technologies Ltd Hedge fund	+700K New position	700K	$14.2M
Two Sigma Investments, LP Hedge fund	+633K +677.8%	727K	$14.8M
Millennium Management LLC Hedge fund	+567K +248.5%	796K	$16.2M
Yaupon Capital Management LP Hedge fund	+435K New position	435K	$8.9M
Rubric Capital Management LP Hedge fund	+397K +18.1%	2.6M	$52.7M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Philadelphia Financial Management Of San Francisco, LLC	−1.6M Sold out	0	—
Private Capital Management, LLC	−1.4M −30.0%	3.3M	$66.4M
Jane Street Group, LLC	−326K −53.7%	281K	$5.7M
Bridgeway Capital Management, LLC Active manager	−185K −77.1%	55K	$1.1M
Empowered Funds, LLC	−185K Sold out	0	—
First Sabrepoint Capital Management LP	−182K −30.2%	420K	$8.6M
PDT Partners, LLC Hedge fund	−132K −83.8%	25K	$518,101
Susquehanna International Group, LLP	−124K −91.1%	12K	$245,440
Dimensional Fund Advisors LP	−93K −6.5%	1.3M	$27.2M
Renaissance Technologies LLC Hedge fund	−66K −7.0%	885K	$18M
Diametric Capital, LP	−59K Sold out	0	—
Captrust Financial Advisors	−56K −31.3%	122K	$2.5M
Antipodes Partners Ltd Hedge fund	−49K −40.0%	73K	$1.5M
Goldman Sachs Group Inc	−36K −27.9%	94K	$1.9M
Kore Advisors LP	−32K −6.9%	434K	$8.8M
Inspire Investing, LLC	−22K −40.2%	33K	$677,988
Mirabella Financial Services LLP	−20K Sold out	0	—
Fuller & Thaler Asset Management, Inc.	−17K −29.5%	41K	$831,930
Canada Pension Plan Investment Board	−16K Sold out	0	—
Harbor Advisors LLC	−15K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Bridgeway Capital Management, LLC Active manager	−185K −77.1%	55K	$1.1M
PDT Partners, LLC Hedge fund	−132K −83.8%	25K	$518,101
Renaissance Technologies LLC Hedge fund	−66K −7.0%	885K	$18M
Antipodes Partners Ltd Hedge fund	−49K −40.0%	73K	$1.5M
FMR LLC Active manager	−11K −70.3%	4,735	$96,404
Boston Partners Active manager	−10K Sold out	0	—
Alliancebernstein L.P. Active manager	−920 −2.1%	44K	$404,422

New positions

largest by value

Institution	Shares	Value June 30, 2026
Ophir Asset Management Pty Ltd	2.7M	$54.8M
Westfield Capital Management Co LPActive manager	2.1M	$42.8M
Driehaus Capital Management LLCActive manager	1.7M	$34.2M
Point72 Asset Management, L.P.Hedge fund	1.2M	$24.2M
Jennison Associates LLCActive manager	938K	$19.1M
Qube Research & Technologies LtdHedge fund	700K	$14.2M
Hood River Capital Management LLC	674K	$13.7M
Seven Grand Managers, LLC	500K	$10.2M
Bw Gestao De Investimentos Ltda.	450K	$9.2M
Yaupon Capital Management LPHedge fund	435K	$8.9M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Philadelphia Financial Management Of San Francisco, LLC	1.6M	$15M
Empowered Funds, LLC	185K	$1.7M
Diametric Capital, LP	59K	$550,526
Mirabella Financial Services LLP	20K	$185,117
Canada Pension Plan Investment Board	16K	$146,624
Harbor Advisors LLC	15K	$139,200
Fox Run Management, L.L.C.	14K	$131,951
Clear Harbor Asset Management, LLC	12K	$106,720
Amundi	11K	$101,263
Boston PartnersActive manager	10K	$94,310

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 170
Ten largest holders: 44.9%
Index fund managers: 15.9%
Active managers and hedge funds: 38.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	29	7	16	1	+10.5M	+138.4%
Index fund managers	9	0	0	0	+1.4M	+21.5%
Other institutions	81	39	34	12	+6.1M	+35.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Target Hospitality.

Only managers that filed a holdings report for both quarters are compared (180 here). 5 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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