THNasdaqHotels, Rooming Houses, Camps & Other Lodging PlacesFiscal year ends December 31
Target Hospitality Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$15.32−0.14 (-0.91%)
Close on Oct 19, 2026
- Market cap
- $1.54B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
50.9%
51M of 100M shares
Institutional holders
172
55 new, 14 sold out
Net institutional buying
20M
In Q2 2026
Insider trades, 12 months
4 buys · 3 sales
Net bought $2.12M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Conversant Capital LLC | 5,042,960 | 5.00% | 13G (passive) | Mar 25, 2024 |
| TDR Capital II Investments L.P. | 45,978,409 | 46.20% | 13D (active) amendment | Jun 18, 2026 |
| Thomas Mitchell | 29,878,409 | 30.50% | 13D (active) amendment | Sep 10, 2026 |
| Gary Lindsay | 27,226,363 | 27.80% | 13D (active) amendment | Sep 25, 2026 |
| TDR Capital LLP | 16,226,363 | 16.60% | 13D (active) amendment | Oct 1, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Private Capital Management, LLC | 3,261,078 | 3.27% | $66.40M | −1,399,541 | 5.84% |
| BlackRock, Inc. | 3,158,745 | 3.17% | $64.31M | +674,996 | 0.00% |
| Ophir Asset Management Pty Ltd | 2,690,673 | 2.70% | $54.78M | New | 4.51% |
| Rubric Capital Management LP | 2,586,389 | 2.60% | $52.66M | +396,933 | 0.48% |
| Westfield Capital Management Co LP | 2,103,813 | 2.11% | $42.83M | New | 0.14% |
| Cooper Creek Partners Management LLC | 2,052,485 | 2.06% | $41.79K | +1,328,866 | 0.99% |
| HighTower Advisors, LLC | 1,842,267 | 1.85% | $37.51M | +238,280 | 0.04% |
| Arrowstreet Capital, Limited Partnership | 1,841,889 | 1.85% | $37.50M | +760,808 | 0.02% |
| Driehaus Capital Management LLC | 1,679,925 | 1.69% | $34.20M | New | 0.20% |
| Vanguard Capital Management LLC | 1,525,878 | 1.53% | $31.07M | +120,337 | 0.00% |
| Senator Investment Group LP | 1,399,345 | 1.40% | $28.49M | New | 1.04% |
| American Century Companies Inc | 1,361,041 | 1.37% | $27.71M | +191,978 | 0.01% |
| Dimensional Fund Advisors LP | 1,335,450 | 1.34% | $27.19M | −93,323 | 0.00% |
| Point72 Asset Management, L.P. | 1,190,691 | 1.20% | $24.24M | New | 0.03% |
| Geode Capital Management, LLC | 1,026,191 | 1.03% | $20.90M | +181,539 | 0.00% |
| Jennison Associates LLC | 938,269 | 0.94% | $19.10M | New | 0.01% |
| 71 West Capital Partners | 907,322 | 0.91% | $18.47M | – | 0.64% |
| Renaissance Technologies LLC | 885,044 | 0.89% | $18.02M | −66,258 | 0.02% |
| State Street Corp | 867,734 | 0.87% | $17.67M | +100,048 | 0.00% |
| Millennium Management LLC | 795,645 | 0.80% | $16.20M | +567,317 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 172 | 51M | 50.9% | 55 / 69 | 33 / 14 | 24M | 5M |
| Q1 2026 | 133 | 31M | 31.3% | 27 / 39 | 48 / 30 | 6M | 5M |
| Q4 2025 | 137 | 32M | 32.5% | 19 / 47 | 45 / 16 | 5M | 4M |
| Q3 2025 | 134 | 31M | 31.3% | 15 / 46 | 45 / 14 | 3M | 4M |
| Q2 2025 | 134 | 32M | 32.1% | 26 / 56 | 31 / 22 | 5M | 3M |
| Q1 2025 | 131 | 30M | 30.1% | 31 / 47 | 36 / 27 | 10M | 8M |
| Q4 2024 | 129 | 28M | 28.6% | 31 / 37 | 41 / 31 | 5M | 3M |
| Q3 2024 | 130 | 27M | 26.7% | 28 / 44 | 34 / 22 | 6M | 3M |
| Q2 2024 | 125 | 26M | 25.6% | 30 / 49 | 27 / 39 | 2M | 6M |
| Q1 2024 | 135 | 29M | 29.0% | 33 / 41 | 38 / 33 | 3M | 7M |
| Q4 2023 | 136 | 33M | 33.0% | 24 / 47 | 48 / 28 | 6M | 5M |
| Q3 2023 | 140 | 32M | 32.2% | 23 / 59 | 40 / 33 | 6M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TH | Value | % of fund | As of |
|---|---|---|---|---|---|
| Harbor Small Cap Growth Fund | 1,453,575 | 1.46% | $22.09M | 0.83% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 1,112,972 | 1.12% | $22.66M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,071,315 | 1.08% | $21.81M | 0.03% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 1,043,389 | 1.05% | $18.11M | 0.07% | May 31, 2026 |
| Hood River Small-Cap Growth Fund | 446,905 | 0.45% | $9.10M | 0.14% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 445,063 | 0.45% | $6.76M | 0.02% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 372,429 | 0.37% | $7.58M | 0.01% | Jun 30, 2026 |
| Counterpoint Quantitative Equity ETF | 355,095 | 0.36% | $7.23M | 1.96% | Jun 30, 2026 |
| Dimensional U.S. Small Cap ETF | 303,247 | 0.30% | $4.61M | 0.03% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 283,734 | 0.28% | $4.31M | 0.02% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 283,563 | 0.28% | $5.77M | 0.04% | Jun 30, 2026 |
| Driehaus Micro Cap Growth Fund | 264,629 | 0.27% | $5.39M | 0.90% | Jun 30, 2026 |
| Calamos Timpani Small Cap Growth Fund | 259,680 | 0.26% | $3.95M | 0.52% | Jul 31, 2026 |
| Private Capital Management Value Fund | 236,880 | 0.24% | $3.60M | 4.95% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 217,077 | 0.22% | $3.30M | 0.04% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| James Bradley Archer | Director and CEO and President | 1,845,441 | 1.85% | Sep 16, 2026 |
| Troy C. Schrenk | Chief Commercial Officer | 216,995 | 0.22% | Sep 18, 2026 |
| Mark Schuck | SVP, Finance & IR | 28,286 | 0.03% | Mar 3, 2026 |
| Brendan Dowhaniuk | EVP, Strategy & Corp. Dev. | 25,523 | 0.03% | Mar 3, 2026 |
| Jason Paul Vlacich | CFO | 147,810 | 0.15% | Mar 3, 2026 |
| Heidi Diane Lewis | EVP, General Counsel & Sec | 151,414 | 0.15% | Mar 3, 2026 |
| Cyril Jordanov Hahamski | Chief Accounting Officer | 0 | – | Feb 26, 2026 |
| Stephen Robertson | Director | 1,906,203 | 1.91% | Sep 29, 2026 |
| Margaret Mary Smyth | Director | 0 | – | Aug 6, 2026 |
| Erich Sanchack | Director | 0 | – | Aug 6, 2026 |
| Pamela H. Patenaude | Director | 70,331 | 0.07% | May 26, 2026 |
| Alejandro Hernandez | Director | 32,901 | 0.03% | May 26, 2026 |
| Paul Hohnsbeen | Director | 347 | 0.00% | May 26, 2026 |
| Linda R. Medler | Director | 62,885 | 0.06% | May 26, 2026 |
| Martin L. Jimmerson | Director | 172,465 | 0.17% | May 26, 2026 |
| John C. Dorman | Director | 13,047 | 0.01% | May 27, 2025 |
| Thomas Andrew Mitchell | 10% owner | – | – | Sep 28, 2026 |
| Holding S.a.r.l. MFA | 10% owner | 64,626,003 | 64.87% | Sep 28, 2026 |
| Gary Lindsay | 10% owner | 27,262,298 | 27.37% | Sep 28, 2026 |
| Holding S.a r.l. Sapphire | 10% owner | 47,322,869 | 47.50% | Sep 28, 2026 |
| Capital LLP TDR | 10% owner | 64,788,220 | 65.03% | Sep 28, 2026 |
| Limited Partnership SLP MFA | 10% owner | – | – | Sep 28, 2026 |
| Holdings S.a.r.l. Arrow | 10% owner | 56,576,003 | 56.79% | Sep 28, 2026 |
| Manjit Dale | 10% owner | 29,878,409 | 29.99% | Sep 28, 2026 |
| Capital II Investments LP TDR | 10% owner | 65,119,465 | 65.37% | Sep 28, 2026 |
| Global S.a.r.l. MFA | 10% owner | 64,602,717 | 64.85% | Sep 28, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Stephen Robertson Director | Sep 25, 2026 | Other | +78,150 | – | – | 210,147 |
| Stephen Robertson Director | Sep 25, 2026 | Other | +247,703 | – | – | 457,850 |
| Stephen Robertson Director | Sep 25, 2026 | Other | +465,105 | – | – | 1,230,106 |
| Stephen Robertson Director | Sep 25, 2026 | Other | +146,741 | – | – | 765,001 |
| Gary Lindsay 10% owner | Sep 25, 2026 | Other | −2,652,046 | – | – | 27,226,363 |
| Troy C. Schrenk Chief Commercial Officer | Sep 18, 2026 | Buy | +5,907 | $21.16 | $124.99K | 216,995 |
| James Bradley Archer Director and CEO and President | Sep 15, 2026 | Buy | +13,385 | $18.69 | $250.17K | 1,845,441 |
| Manjit Dale 10% owner | Sep 10, 2026 | Other | −16,100,000 | $17.71 | $285.13M | 29,878,409 |
| Stephen Robertson Director | Jun 18, 2026 | Other | +244,520 | – | – | 618,260 |
| Stephen Robertson Director | Jun 18, 2026 | Other | +13,098 | – | – | 90,482 |
| Stephen Robertson Director | Jun 18, 2026 | Other | +41,515 | – | – | 131,997 |
| Stephen Robertson Director | Jun 18, 2026 | Other | +77,147 | – | – | 373,740 |
| Manjit Dale 10% owner | Jun 18, 2026 | Other | −1,344,460 | – | – | 45,978,409 |
| Stephen Robertson Director | Jun 17, 2026 | Other | +348,475 | – | – | 655,689 |
| Stephen Robertson Director | Jun 17, 2026 | Other | +31,667 | – | – | 109,051 |
| Holding S.a r.l. Sapphire 10% owner | May 29, 2026 | Other | −8,050,000 | $16.36 | $131.70M | 47,322,869 |
| Stephen Robertson Director | May 28, 2026 | Other | +71,133 | – | – | 71,133 |
| Stephen Robertson Director | May 28, 2026 | Other | +225,460 | – | – | 296,593 |
| Stephen Robertson Director | May 28, 2026 | Other | +18,560 | – | – | 18,560 |
| Stephen Robertson Director | May 28, 2026 | Other | +58,824 | – | – | 77,384 |
| Stephen Robertson Director | May 28, 2026 | Other | +73,680 | – | – | 73,680 |
| Stephen Robertson Director | May 28, 2026 | Other | +233,534 | – | – | 307,214 |
| Holding S.a r.l. Sapphire 10% owner | May 28, 2026 | Other | −1,203,134 | – | – | 55,372,869 |
| Paul Hohnsbeen Director | May 21, 2026 | Option exercise | +347 | – | – | 347 |
| Pamela H. Patenaude Director | May 21, 2026 | Option exercise | +16,061 | – | – | 69,375 |
| Stephen Robertson Director | May 21, 2026 | Option exercise | +20,950 | – | – | 752,397 |
| Linda R. Medler Director | May 21, 2026 | Option exercise | +16,061 | – | – | 62,885 |
| Martin L. Jimmerson Director | May 21, 2026 | Option exercise | +16,061 | – | – | 172,465 |
| Alejandro Hernandez Director | May 21, 2026 | Option exercise | +16,061 | – | – | 32,901 |
| Holdings S.a.r.l. Arrow 10% owner | Apr 23, 2026 | Other | −8,050,000 | $13.27 | $106.82M | 56,576,003 |
| Jason Paul Vlacich CFO | Mar 1, 2026 | Tax withholding | −2,407 | $7.79 | $18.75K | 147,810 |
| Jason Paul Vlacich CFO | Mar 1, 2026 | Tax withholding | −468 | $7.79 | $3.65K | 149,265 |
| Jason Paul Vlacich CFO | Mar 1, 2026 | Option exercise | +9,889 | – | – | 150,217 |
| Jason Paul Vlacich CFO | Mar 1, 2026 | Option exercise | +1,923 | – | – | 149,733 |
| Mark Schuck SVP, Finance & IR | Mar 1, 2026 | Option exercise | +1,582 | – | – | 28,286 |
| Mark Schuck SVP, Finance & IR | Mar 1, 2026 | Tax withholding | −385 | $7.79 | $3.00K | 27,901 |
| Mark Schuck SVP, Finance & IR | Mar 1, 2026 | Option exercise | +1,154 | – | – | 29,055 |
| Mark Schuck SVP, Finance & IR | Mar 1, 2026 | Tax withholding | −281 | $7.79 | $2.19K | 28,774 |
| James Bradley Archer Director and CEO and President | Mar 1, 2026 | Tax withholding | −5,675 | $7.79 | $44.21K | 1,832,056 |
| James Bradley Archer Director and CEO and President | Mar 1, 2026 | Tax withholding | −9,858 | $7.79 | $76.79K | 1,823,308 |
| James Bradley Archer Director and CEO and President | Mar 1, 2026 | Option exercise | +25,053 | – | – | 1,833,166 |
| James Bradley Archer Director and CEO and President | Mar 1, 2026 | Option exercise | +14,423 | – | – | 1,837,731 |
| Heidi Diane Lewis EVP, General Counsel & Sec | Mar 1, 2026 | Tax withholding | −1,123 | $7.79 | $8.75K | 151,414 |
| Heidi Diane Lewis EVP, General Counsel & Sec | Mar 1, 2026 | Option exercise | +1,923 | – | – | 153,337 |
| Heidi Diane Lewis EVP, General Counsel & Sec | Mar 1, 2026 | Tax withholding | −468 | $7.79 | $3.65K | 152,869 |
| Heidi Diane Lewis EVP, General Counsel & Sec | Mar 1, 2026 | Option exercise | +4,615 | – | – | 152,537 |
| Troy C. Schrenk SEVP, Operations & CCO | Mar 1, 2026 | Tax withholding | −1,765 | $7.79 | $13.75K | 208,178 |
| Troy C. Schrenk SEVP, Operations & CCO | Mar 1, 2026 | Option exercise | +3,846 | – | – | 212,789 |
| Troy C. Schrenk SEVP, Operations & CCO | Mar 1, 2026 | Tax withholding | −936 | $7.79 | $7.29K | 211,088 |
| Troy C. Schrenk SEVP, Operations & CCO | Mar 1, 2026 | Option exercise | +7,252 | – | – | 209,943 |
| Jason Paul Vlacich CFO | Feb 27, 2026 | Option exercise | +13,393 | – | – | 143,589 |
| Jason Paul Vlacich CFO | Feb 27, 2026 | Tax withholding | −3,261 | $7.79 | $25.40K | 140,328 |
| Mark Schuck SVP, Finance & IR | Feb 27, 2026 | Tax withholding | −652 | $7.79 | $5.08K | 26,704 |
| Mark Schuck SVP, Finance & IR | Feb 27, 2026 | Option exercise | +2,679 | – | – | 27,356 |
| Brendan Dowhaniuk EVP, Strategy & Corp. Dev. | Feb 27, 2026 | Option exercise | +7,813 | – | – | 25,523 |
| James Bradley Archer Director and CEO and President | Feb 27, 2026 | Tax withholding | −16,688 | $7.79 | $130.00K | 1,808,113 |
| James Bradley Archer Director and CEO and President | Feb 27, 2026 | Option exercise | +42,411 | – | – | 1,824,801 |
| Heidi Diane Lewis EVP, General Counsel & Sec | Feb 27, 2026 | Tax withholding | −2,174 | $7.79 | $16.94K | 147,922 |
| Heidi Diane Lewis EVP, General Counsel & Sec | Feb 27, 2026 | Option exercise | +8,929 | – | – | 150,096 |
| Troy C. Schrenk SEVP, Operations & CCO | Feb 27, 2026 | Option exercise | +12,277 | – | – | 205,680 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Global S.a.r.l. MFA 10% Stockholder | Oct 1, 2026 | 2,638,171 | $48.54M | Oct 1, 2026 | Business combination transaction |
| Holdings S.a.r.l. Arrow 10% Stockholder | Oct 1, 2026 | 8,361,829 | $153.86M | Oct 1, 2026 | Business combination transaction |
| Heidi Diane Lewis Officer | Jan 20, 2026 | 27,754 | $159.87K | Jan 20, 2026 | VARIOUS METHODS & DATES |
| Heidi Diane Lewis Officer | Sep 22, 2025 | 43,712 | $262.44K | Sep 22, 2025 | RESTRICTED STOCK |
| Troy C. Schrenk Officer | Sep 18, 2025 | 49,344 | $423.35K | Sep 18, 2025 | Restricted Stock Vesting |
| Joy Anne Berry Former Board Member | Apr 4, 2024 | 10,000 | $108.00K | Apr 4, 2024 | Restricted Stock Vesting |
| Joy Anne Berry Former Board Member | Apr 4, 2024 | 20,000 | $220.50K | Apr 4, 2024 | Restricted Stock Vesting |
| Eric Kalamaras Former Officer | Apr 4, 2024 | 400 | $4.46K | Apr 4, 2024 | Option Granted - 09/03/2019 |
| Joy Anne Berry Former Director | Apr 3, 2024 | 20,000 | $214.35K | Apr 3, 2024 | Restricted Stock Vesting |
| Eric Kalamaras Former Officer | Mar 26, 2024 | 9,741 | $106.75K | Mar 26, 2024 | Restricted Stock Vesting |
| Joy Anne Berry Former Director | Mar 25, 2024 | 28,846 | $316.13K | Mar 25, 2024 | Restricted Stock Vesting |
| John Travis Kelley Former Officer | Mar 12, 2024 | 59,524 | $509.21K | Mar 12, 2024 | Options Granted - 03/04/2020 |
| Eric Kalamaras Officer | Oct 10, 2023 | 2,456 | $40.59K | Oct 10, 2023 | Restricted Stock Vesting |
| Eric Kalamaras Officer | Oct 3, 2023 | 442 | $7.29K | Oct 3, 2023 | Restricted Stock Vesting |
| Troy C. Schrenk Officer | Oct 3, 2023 | 4,901 | $80.87K | Oct 3, 2023 | Restricted Stock Vesting |