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Target Hospitality Corp.

TH
Exchange
Nasdaq
Industry
Hotels, Rooming Houses, Camps & Other Lodging Places
SEC CIK
0001712189

In the last 90 days, Target Hospitality Corp. insiders filed 2 open-market purchases and 0 sales; 171 institutions reported holding it in 13F filings for Q2 2026, worth $1.03B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Target Hospitality Corp. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
137
+3 vs. Q3 2025
Shares held
32.4M
+1.27M (+4.1%) vs. Q3 2025
Total value
$259.2M
−$4.42M (−1.7%) vs. Q3 2025
New holders
19
48 more added
Sold out
16
44 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 137 institutions
Q1 2021: 50 institutionsQ2 2021: 66 institutionsQ3 2021: 65 institutionsQ4 2021: 66 institutionsQ1 2022: 74 institutionsQ2 2022: 86 institutionsQ3 2022: 128 institutionsQ4 2022: 136 institutionsQ1 2023: 144 institutionsQ2 2023: 150 institutionsQ3 2023: 140 institutionsQ4 2023: 136 institutionsQ1 2024: 135 institutionsQ2 2024: 125 institutionsQ3 2024: 130 institutionsQ4 2024: 129 institutionsQ1 2025: 131 institutionsQ2 2025: 134 institutionsQ3 2025: 134 institutionsQ4 2025: 137 institutionsQ1 2026: 133 institutionsQ2 2026: 171 institutions
Value heldQ4 2025: $259.2M
Q1 2021: $46.8MQ2 2021: $71.7MQ3 2021: $75.8MQ4 2021: $76.8MQ1 2022: $125.0MQ2 2022: $133.6MQ3 2022: $372.1MQ4 2022: $496.6MQ1 2023: $427.3MQ2 2023: $430.1MQ3 2023: $509.5MQ4 2023: $317.0MQ1 2024: $309.1MQ2 2024: $222.0MQ3 2024: $204.3MQ4 2024: $275.4MQ1 2025: $197.2MQ2 2025: $226.1MQ3 2025: $263.7MQ4 2025: $259.2MQ1 2026: $289.5MQ2 2026: $1.03B
Institutions holding TH and their total value by quarter
QuarterHoldersValue
Q2 2026171$1.03B
Q1 2026133$289.5M
Q4 2025137$259.2M
Q3 2025134$263.7M
Q2 2025134$226.1M
Q1 2025131$197.2M
Q4 2024129$275.4M
Q3 2024130$204.3M
Q2 2024125$222.0M
Q1 2024135$309.1M
Q4 2023136$317.0M
Q3 2023140$509.5M
Q2 2023150$430.1M
Q1 2023144$427.3M
Q4 2022136$496.6M
Q3 2022128$372.1M
Q2 202286$133.6M
Q1 202274$125.0M
Q4 202166$76.8M
Q3 202165$75.8M
Q2 202166$71.7M
Q1 202150$46.8M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Target Hospitality Corp.; share changes are against Q3 2025.

Institutions holding TH in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
SummerHaven Investment Management, LLC104,725$838.8K0.48%00.0%Unchanged
Legal & General Group Plc106,068$849.6K0.00%+89,003+521.6%Added
Bank of New York Mellon Corp120,991$969.1K0.00%−118,564−49.5%Reduced
D. E. Shaw & Co., Inc.124,315$995.8K0.00%+44,869+56.5%Added
First Sabrepoint Capital Management LP150,000$1.20M0.49%+150,000New
Teacher Retirement System of Texas150,177$1.20M0.00%−257,089−63.1%Reduced
UBS Group AG153,416$1.23M0.00%−30,742−16.7%Reduced
PDT Partners, LLC156,995$1.26M0.08%00.0%Unchanged
Group One Trading, L.P.161,892$1.30M0.04%+50,171+44.9%Added
Y-Intercept (Hong Kong) Ltd163,480$1.31M0.03%+42,306+34.9%Added
Captrust Financial Advisors187,277$1.50M0.00%−266−0.1%Reduced
Empowered Funds, LLC216,340$1.73M0.03%+55,046+34.1%Added
Goldman Sachs Group Inc224,296$1.80M0.00%+67,388+42.9%Added
Northern Trust Corp262,320$2.10M0.00%−37,617−12.5%Reduced
Charles Schwab Investment Management Inc273,163$2.19M0.00%+260+0.1%Added
Bridgeway Capital Management, LLC296,340$2.37M0.05%+55,046+22.8%Added
Susquehanna International Group, LLP297,836$2.39M0.00%+97,236+48.5%Added
Royce & Associates LP349,723$2.80M0.03%+349,723New
Citadel Advisors LLC366,625$2.94M0.00%+9,565+2.7%Added
Kore Advisors LP425,213$3.41M5.31%+100,418+30.9%Added
Lonestar Capital Management LLC500,000$4.00M2.14%+500,000New
Philosophy Capital Management LLC650,364$5.21M0.61%+285,338+78.2%Added
Cooper Creek Partners Management LLC726,473$5.82M0.28%−242,784−25.0%Reduced
State Street Corp766,061$6.14M0.00%−21,573−2.7%Reduced
Shay Capital LLC782,250$6.27M1.01%−348,049−30.8%Reduced
Geode Capital Management, LLC820,096$6.57M0.00%−9,227−1.1%Reduced
71 West Capital Partners892,322$7.15M0.33%+892,322New
Renaissance Technologies LLC910,424$7.29M0.01%−70,700−7.2%Reduced
Arrowstreet Capital, Limited Partnership933,131$7.47M0.00%−117,958−11.2%Reduced
American Century Companies Inc1,080,407$8.65M0.00%+91,036+9.2%Added
Dimensional Fund Advisors LP1,176,561$9.42M0.00%+171,324+17.0%Added
HighTower Advisors, LLC1,603,648$12.8M0.01%+70.0%Added
Vanguard Group Inc1,955,135$15.7M0.00%−39,506−2.0%Reduced
Rubric Capital Management LP2,189,456$17.5M0.21%00.0%Unchanged
BlackRock, Inc.2,612,793$20.9M0.00%+33,900+1.3%Added
Philadelphia Financial Management of San Francisco, LLC3,304,424$26.5M5.47%+806,755+32.3%Added
Private Capital Management, LLC4,504,638$36.1M3.43%−6,390−0.1%Reduced
Appian Way Asset Management LP0$00.00%−1,360,609−100.0%Sold out
Skopos Labs, Inc.0$00.00%−55,244−100.0%Sold out
Saranac Partners Ltd0$00.00%−29,999−100.0%Sold out
Fox Run Management, L.L.C.0$00.00%−23,380−100.0%Sold out
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−21,195−100.0%Sold out
Moore Capital Management, LP0$00.00%−20,000−100.0%Sold out
Gotham Asset Management, LLC0$00.00%−16,935−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−13,917−100.0%Sold out
Sanctuary Advisors, LLC0$00.00%−11,526−100.0%Sold out
FourThought Financial Partners, LLC0$00.00%−11,247−100.0%Sold out
Arizona State Retirement System0$00.00%−10,279−100.0%Sold out
Clearstead Advisors, LLC0$00.00%−138−100.0%Sold out
Quarry LP0$00.00%−138−100.0%Sold out
Clear Street Group Inc.0$00.00%−100−100.0%Sold out
Sunbelt Securities, Inc.0$00.00%−7−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−1−100.0%Sold out