Target Hospitality Corp.
US ˙ NasdaqCM ˙ US87615L1070

SecurityTH / Target Hospitality Corp.
InstitutionNorthern Trust Corp
Latest Disclosed Ownership269,686 shares
Latest Disclosed Value $ 2,502,685
Northern Trust Corp reports 2.81% increase in ownership of TH / Target Hospitality Corp.

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 269,686 shares of Target Hospitality Corp. (US:TH) valued at $2,502,686 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 262,320 shares of Target Hospitality Corp.. This represents a change in shares of 2.81% during the quarter. The current value of the position is $4,600,843 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F TARGET HOSPITALITY COM 87615L107 269,686 7,366 2.81 2,503 19.09 0.0001
2026-02-17 2025-12-31 13F TARGET HOSPITALITY COM 87615L107 262,320 -37,617 -12.54 2,101 -17.38 0.0001
2025-11-14 2025-09-30 13F TARGET HOSPITALITY COM 87615L107 299,937 -11,608 -3.73 2,543 14.65 0.0001
2025-08-13 2025-06-30 13F TARGET HOSPITALITY COM 87615L107 311,545 -24,117 -7.18 2,218 0.45 0.0003
2025-05-13 2025-03-31 13F TARGET HOSPITALITY COM 87615L107 335,662 -441 -0.13 2,209 -32.02 0.0003
2025-02-14 2024-12-31 13F TARGET HOSPITALITY COM 87615L107 336,103 15,155 4.72 3,248 30.13 0.0005
2024-11-13 2024-09-30 13F TARGET HOSPITALITY COM 87615L107 320,948 19,547 6.49 2,497 -4.91 0.0004
2024-08-14 2024-06-30 13F TARGET HOSPITALITY COM 87615L107 301,401 -21,040 -6.53 2,625 -25.09 0.0004
2024-05-14 2024-03-31 13F TARGET HOSPITALITY COM 87615L107 322,441 -10,052 -3.02 3,505 8.32 0.0006
2024-02-13 2023-12-31 13F TARGET HOSPITALITY COM 87615L107 332,493 -34,511 -9.40 3,235 -44.49 0.0006
2023-11-13 2023-09-30 13F TARGET HOSPITALITY COM 87615L107 367,004 9,079 2.54 5,828 21.34 0.0011
2023-08-11 2023-06-30 13F TARGET HOSPITALITY COM 87615L107 357,925 101,867 39.78 4,803 42.78 0.0009
2023-05-15 2023-03-31 13F TARGET HOSPITALITY COM 87615L107 256,058 3,797 1.51 3,365 -11.91 0.0007
2023-02-13 2022-12-31 13F TARGET HOSPITALITY COM 87615L107 252,261 -4,496 -1.75 3,819 17.87 0.0008
2022-11-14 2022-09-30 13F TARGET HOSPITALITY COM 87615L107 256,757 -11,897 -4.43 3,240 111.21 0.0007
2022-08-12 2022-06-30 13F TARGET HOSPITALITY COM 87615L107 268,654 50,616 23.21 1,534 17.28 0.0003
2022-05-13 2022-03-31 13F TARGET HOSPITALITY COM 87615L107 218,038 -13,169 -5.70 1,308 58.93 0.0002
2022-02-08 2021-12-31 13F TARGET HOSPITALITY COM 87615L107 231,207 -4,767 -2.02 823 -6.48 0.0001
2021-11-15 2021-09-30 13F TARGET HOSPITALITY COM 87615L107 235,974 -21,285 -8.27 880 -7.85 0.0002
2021-08-13 2021-06-30 13F TARGET HOSPITALITY COM 87615L107 257,259 -89,292 -25.77 955 9.64 0.0002
2021-05-12 2021-03-31 13F TARGET HOSPITALITY COM 87615L107 346,551 4,591 1.34 871 61.30 0.0002
2021-02-11 2020-12-31 13F TARGET HOSPITALITY COM 87615L107 341,960 -16,764 -4.67 540 23.57 0.0001
2020-11-16 2020-09-30 13F TARGET HOSPITALITY COM 87615L107 358,724 -19,743 -5.22 437 -31.61 0.0001
2020-08-14 2020-06-30 13F TARGET HOSPITALITY COM 87615L107 378,467 -34,788 -8.42 639 -22.26 0.0002
2020-05-14 2020-03-31 13F TARGET HOSPITALITY COM 87615L107 413,255 38,956 10.41 822 -56.09 0.0002
2020-02-14 2019-12-31 13F TARGET HOSPITALITY COM 87615L107 374,299 -3,631 -0.96 1,872 -27.24 0.0004
2019-11-13 2019-09-30 13F TARGET HOSPITALITY COM 87615L107 377,930 285,223 307.66 2,573 204.86 0.0006
2019-08-13 2019-06-30 13F TARGET HOSPITALITY COM 87615L107 92,707 92,707 844 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.