Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Target Hospitality Corp (TH)

134 + Investors. Track Smart Money conviction in TH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — TH

Based on 135 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
135 funds currently hold this stock — 91% of the 3.0-year high of 148 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding TH is almost the same as a year ago (-1 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 46% buying

68 buying79 selling
Last quarter: 79 funds reduced or exited vs 68 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new TH position: 23 → 14 → 18 → 26. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 27% medium ■ 20% new
71 out of 135 hedge funds have held TH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

33 → 23 → 14 → 18 → 26 new funds/Q
New funds entering each quarter: 23 → 14 → 18 → 26. A growing number of institutions are discovering TH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 25% newcomers

■ 65% veterans ■ 11% 1-2yr ■ 25% new
Entry-cohort mix of 142 holders: 92 (65%) are 2+ year veterans, 15 entered 1–2 years ago, and 35 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 27% AUM from major funds

27% from top-100 AUM funds
40 of 134 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TH

In 2026 Q1, 68 hedge funds were net buyers of TH (26 opened a new position, 42 added to an existing one), while 79 reduced or exited (50 trimmed, 29 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 27% of total institutional value in TH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 135.

Hedge Fund Ownership: TH

How many hedge funds hold TH — quarterly history vs. share price
Quarterly hedge fund ownership of TH vs. share price

Market Analysis: TH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Target Hospitality Corp (TH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TH has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 88d ago
TH
+118.4%
XLI
+12.3%

TH outperformed XLI by +106.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 43d ago
TH
+8.6%
XLI
+6.0%

Since the filing became public, TH outperformed XLI by +2.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 1 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: TH
134 + Investors

Track Smart Money conviction in TH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 134 138 -2.9%
13F Shares 33M 35M -6.02%
Total Value $298M $282M 5.69%
New Positions 25 18 +7
Increased Positions 39 48 -9
Closed Positions 29 14 +15
Reduced Positions 48 46 +2
Total Calls 6 7 -14.29%
Total Puts 2 4 -50.0%
PUT/CALL Ratio 0.33 0.57 Bullish

Statistics: TH

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

134 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kore Advisors LP 4.66% 466,055 $4.3M
2 Philadelphia Financial Management of San Francisco, LLC 4.34% 1,616,642 $15.0M
3 Private Capital Management, LLC 4.31% 4,660,619 $43.3M
4 Archon Capital Management LLC 2.29% 437,885 $4.1M
5 Appian Way Asset Management LP 2.07% 1,360,609 $11.5M
6 First Sabrepoint Capital Management LP 2.03% 601,777 $5.6M
7 SummerHaven Investment Management, LLC 0.54% 94,484 $877K
8 Lonestar Capital Management LLC 0.52% 375,000 $3.5M
9 Crestmont Private Wealth LLC 0.43% 146,566 $1.4M
10 71 West Capital Partners 0.37% 907,322 $8.4M
11 Shay Capital LLC 0.35% 450,000 $4.2M
12 KR Capital LP 0.26% 137,691 $1.3M
13 Tripletail Wealth Management, LLC 0.25% 13,150 $183K
14 Rubric Capital Management LP 0.22% 2,189,456 $20.3M
15 Diametric Capital, LP 0.14% 59,324 $551K
16 PDT Partners, LLC 0.09% 156,995 $1.5M
17 Galaxy Digital Capital Management GP LLC 0.07% 7,194 $67K
18 Equitable Trust Co 0.05% 123,827 $1.1M
19 Royce & Associates LP 0.05% 523,941 $4.9M
20 Bridgeway Capital Management, LLC 0.04% 240,028 $2.2M
21 Inspire Investing, LLC 0.04% 55,724 $517K
22 Fox Run Management, L.L.C. 0.02% 14,265 $132K
23 ANTIPODES PARTNERS Ltd 0.02% 121,912 $1.1M
24 Harbor Advisors LLC 0.02% 15,000 $139K
25 Occudo Quantitative Strategies LP 0.02% 23,512 $342K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Target Hospitality Corp (TH)

What does the Smart Money Trend signal show for TH?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TH?

More sellers than buyers — 46% buying: Last quarter: 79 funds reduced or exited vs 68 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TH holders?

Strong quality — 27% AUM from major funds: 40 of 134 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held TH?

53% of holders stayed for 2+ years: 71 out of 135 hedge funds have held TH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Target Hospitality Corp (TH) following the 2026 Q1 hedge fund 13F filings?

As of today, TH has moved +8.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLI sector ETF — an outperformance of +2.6%. Since the quarter end (March 31, 2026), TH has gained +118.4% vs +12.3% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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