Highland Global Allocation Fund ownership in TRGP / Targa Resources Corp.

Targa Resources Corp.

US ˙ NYSE ˙ US87612G1013

Security	TRGP / Targa Resources Corp.
Institution	Highland Global Allocation Fund
Latest Disclosed Ownership	65,800 shares
Latest Disclosed Value	$ 11,454,464

On August 29, 2025 - Highland Global Allocation Fund filed a NPORT-P form disclosing ownership of 65,800 shares of Targa Resources Corp. (US:TRGP) valued at $11,454,464 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 30, 2025 disclosing 65,800 shares of Targa Resources Corp.. This represents a change in shares of 0.00% during the quarter. The current value of the position is $17,285,002 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.

Upgrade to unlock premium data and export to Excel Premium Registration Required .

Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2025-08-29	2025-06-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	11,454	-13.16	4.1063
2025-05-30	2025-03-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	13,191	12.30	4.6438
2025-03-03	2024-12-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	11,745	20.60	3.9247
2024-11-29	2024-09-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	9,739	14.94	3.6422
2024-08-29	2024-06-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	8,474	15.00	3.2675
2024-05-30	2024-03-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	7,369	28.90	2.7922
2024-02-29	2023-12-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	5,716	1.35	2.1905
2023-11-29	2023-09-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	0	0.00	5,640	12.64	2.2192
2023-08-29	2023-06-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	65,800	-65,800	-50.00	5,007	-47.84	1.9530
2023-05-30	2023-03-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	9,600	-0.74	3.6301
2023-03-01	2022-12-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	9,673	21.81	3.6483
2022-11-29	2022-09-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	7,941	1.12	3.0738
2022-08-29	2022-06-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	7,853	-20.93	2.9196
2022-05-31	2022-03-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	9,932	44.47	3.5156
2022-03-01	2021-12-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	6,875	6.15	2.7158
2021-11-29	2021-09-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	6,476	10.72	2.4937
2021-08-30	2021-06-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	5,850	40.00	2.2562
2021-06-01	2021-03-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	4,178	20.37	1.7416
2021-03-01	2020-12-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	3,472	88.03	1.5893
2020-11-30	2020-09-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	1,846	-30.10	0.8952
2020-08-31	2020-06-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	0	0.00	2,641	190.54	1.2394
2020-05-28	2020-03-31	NP	TARGA RESOURCES CORP	EC	US87612G1013	131,600	18,600	16.46	909	-80.29	0.4919
2020-02-28	2019-12-31	NP	TARGA RESOURCES CORP	EC	87612G101	113,000	0	0.00	4,614	1.63	1.7254
2019-11-27	2019-09-30	NP	TARGA RESOURCES CORP	EC	US87612G1013	113,000	113,000		4,539		1.5292

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.