Target Hospitality Corp. (TH) shareholders
THNasdaqHotels, Rooming Houses, Camps & Other Lodging PlacesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 5/3018% below fair value
$11.98+0.18 (+1.53%)
Close on Nov 12, 2026Market cap $1.19BP/E –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 · 4 sales
Net sold $200.28M
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 |
|---|---|---|---|---|
| Gary Lindsay Joint filing with Manjit Dale (46.20%), Thomas Mitchell (46.20%) and 7 more | 45,978,409 | 46.20% | 13D (active) amendment | Jun 18, 2026 |
| TDR Capital LLP Joint filing with Manjit Dale (30.50%), Gary Lindsay (30.50%) and 7 more | 29,878,409 | 30.50% | 13D (active) amendment | Sep 10, 2026 |
| Thomas Mitchell Joint filing with Manjit Dale (27.80%), Gary Lindsay (27.80%) and 7 more | 27,226,363 | 27.80% | 13D (active) amendment | Sep 25, 2026 |
| TDR Capital II Investments L.P. Joint filing with Manjit Dale (14.60%), Gary Lindsay (14.60%) and 4 more | 14,303,619 | 14.60% | 13D (active) amendment | Oct 22, 2026 |
| Point72 Asset Management, L.P. Joint filing with Point72 Capital Advisors, Inc. (5.20%), Steven A. Cohen (5.20%) | 5,046,156 | 5.20% | 13G (passive) | Nov 4, 2026 |
| Conversant Gp Holdings LLC Joint filing with Conversant Capital LLC (5.00%), Conversant Opportunity Master Fund LP (5.00%) and 1 more | 5,042,960 | 5.00% | 13G (passive) | Mar 25, 2024 |
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% | $41.79M | +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)
180 funds held TH in Q2 2026, 48% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| 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 | 2,824,203 | 2.83% | Oct 23, 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 | – | – | Oct 26, 2026 |
| Holding S.a.r.l. MFA | 10% owner | 64,626,003 | 64.87% | Oct 26, 2026 |
| Gary Lindsay | 10% owner | 27,262,298 | 27.37% | Oct 26, 2026 |
| Holding S.a r.l. Sapphire | 10% owner | 47,322,869 | 47.50% | Oct 26, 2026 |
| Capital LLP TDR | 10% owner | 64,788,220 | 65.03% | Oct 26, 2026 |
| Limited Partnership SLP MFA | 10% owner | – | – | Oct 26, 2026 |
| Holdings S.a.r.l. Arrow | 10% owner | 56,576,003 | 56.79% | Oct 26, 2026 |
| Manjit Dale | 10% owner | 29,878,409 | 29.99% | Oct 26, 2026 |
| Capital II Investments LP TDR | 10% owner | 14,303,619 | 14.36% | Oct 26, 2026 |
| Global S.a.r.l. MFA | 10% owner | 64,602,717 | 64.85% | Oct 26, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Capital II Investments LP TDR 10% owner | Oct 22, 2026 | Other | −1,922,744 | – | – | 14,303,619 |
| Stephen Robertson Director | Oct 22, 2026 | Other | +246,100 | – | – | 1,665,769 |
| Stephen Robertson Director | Oct 22, 2026 | Other | +189,563 | – | – | 1,419,669 |
| Stephen Robertson Director | Oct 22, 2026 | Other | +178,361 | – | – | 692,484 |
| Stephen Robertson Director | Oct 22, 2026 | Other | +56,273 | – | – | 514,123 |
| Capital II Investments LP TDR 10% owner | Oct 1, 2026 | Sale | −11,000,000 | $18.40 | $202.40M | 16,226,363 |
| 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 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
4.56%
4M shares short
Days to cover
1.9
At 2M shares a day
Change since last report
-0.3%
From 4M shares
Short volume, 20 days
31.7%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Target Hospitality's stock actually held short. Settlement fails (shares not delivered on time) peaked at 87,409 shares on Sep 22, 2026 over the last 90 days.
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 |
| Berry Joy Anne Former Board Member | Apr 4, 2024 | 10,000 | $108.00K | Apr 4, 2024 | Restricted Stock Vesting |
| Berry Joy Anne Former Board Member | Apr 4, 2024 | 20,000 | $220.50K | Apr 4, 2024 | Restricted Stock Vesting |
| Kalamaras Eric Former Officer | Apr 4, 2024 | 400 | $4.46K | Apr 4, 2024 | Option Granted - 09/03/2019 |
| Berry Joy Anne Former Director | Apr 3, 2024 | 20,000 | $214.35K | Apr 3, 2024 | Restricted Stock Vesting |
| Kalamaras Eric Former Officer | Mar 26, 2024 | 9,741 | $106.75K | Mar 26, 2024 | Restricted Stock Vesting |
| Berry Joy Anne Former Director | Mar 25, 2024 | 28,846 | $316.13K | Mar 25, 2024 | Restricted Stock Vesting |
| Kelley John Travis Former Officer | Mar 12, 2024 | 59,524 | $509.21K | Mar 12, 2024 | Options Granted - 03/04/2020 |
| Kalamaras Eric Officer | Oct 10, 2023 | 2,456 | $40.59K | Oct 10, 2023 | Restricted Stock Vesting |
| Kalamaras Eric 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 |
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