TARGET CORP TGT
COM · Common Stock · CUSIP 87612E106 · ISIN US87612E1064
American retailer and supermarket chain
- SectorConsumer discretionary
- IndustryRetail-Variety Stores
- HeadquartersMinneapolis, MN
- Founded1902
- Websitetarget.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($204.2m this quarter). Holder counts are more reliable. Shares outstanding: 454.4m as of 2025-05-23, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $98.62. Options: 70 managers hold calls ($3.2bn notional), 59 hold puts ($3.1bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,937 |
| Q4 2022 | 1,953 |
| Q1 2023 | 1,948 |
| Q2 2023 | 1,838 |
| Q3 2023 | 1,749 |
| Q4 2023 | 1,956 |
| Q1 2024 | 2,060 |
| Q2 2024 | 1,956 |
| Q3 2024 | 1,999 |
| Q4 2024 | 1,986 |
| Q1 2025 | 1,828 |
| Q2 2025 | 1,753 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 793 | 929 |
| Q4 2023 | 859 | 894 |
| Q1 2024 | 991 | 923 |
| Q2 2024 | 884 | 976 |
| Q3 2024 | 928 | 890 |
| Q4 2024 | 793 | 1,097 |
| Q1 2025 | 835 | 1,034 |
| Q2 2025 | 754 | 992 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $2.5bn | $3.2bn | 1.30 |
| Q4 2024 | $3.1bn | $3.6bn | 1.16 |
| Q1 2025 | $2.5bn | $2.8bn | 1.16 |
| Q2 2025 | $3.2bn | $3.1bn | 0.99 |
Biggest buyers
| VANGUARD GROUP INC | Added | +6.6m |
| ROYAL BANK OF CANADA | Added | +4.9m |
| MORGAN STANLEY | Added | +2.1m |
| STATE STREET CORP | Added | +1.5m |
| FIL Ltd | Added | +1.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.3m |
| Hudson Bay Capital Management LP | Added | +1.2m |
| Robeco Institutional Asset Management B.V. | Added | +1.1m |
| California Public Employees Retirement System | Added | +1.1m |
| FMR LLC | Added | +1.1m |
Biggest sellers
| WELLS FARGO & COMPANY/MN | Reduced | -4.2m |
| Clearbridge Investments, LLC | Reduced | -2.4m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.9m |
| Amundi | Reduced | -1.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -1.1m |
| BlackRock, Inc. | Reduced | -1.1m |
| UBS Group AG | Reduced | -1.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.0m |
| Assenagon Asset Management S.A. | Reduced | -1.0m |
| FRANKLIN RESOURCES INC | Reduced | -938.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $581.6m5.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $525.3m5.3m shares |
| JANE STREET GROUP, LLC | Added | $436.3m4.4m shares |
| BARCLAYS PLC | Reduced | $299.1m3.0m shares |
| Squarepoint Ops LLC | Added | $260.3m2.6m shares |
| TUDOR INVESTMENT CORP ET AL | Added | $128.2m1.3m shares |
| IMC-Chicago, LLC | Added | $122.3m1.2m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $106.5m1.1m shares |
| Qube Research & Technologies Ltd | Added | $73.1m740.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $72.1m730.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $563.2m5.7m shares |
| CITADEL ADVISORS LLC | Added | $422.8m4.3m shares |
| JANE STREET GROUP, LLC | Added | $283.5m2.9m shares |
| UBS Group AG | Reduced | $235.6m2.4m shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $150.0m15.2k shares |
| Hudson Bay Capital Management LP | Added | $148.0m1.5m shares |
| D. E. Shaw & Co., Inc. | Added | $112.9m1.1m shares |
| IMC-Chicago, LLC | Added | $110.5m1.1m shares |
| BARCLAYS PLC | Reduced | $94.2m955.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $90.4m9.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 5.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $3.9m | — |
| Q4 2023 | 0 | — | 3 | $3.1m | — |
| Q1 2024 | 0 | — | 7 | $14.8m | $786.0k |
| Q2 2024 | 0 | — | 1 | $6.8m | — |
| Q3 2024 | 0 | — | 4 | $9.3m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $5.1m | — |
| Q2 2025 | 0 | — | 2 | $4.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-10 | LIEGEL MATTHEW A Chief Accounting Officer | Sold | $206.2k2.0k shares |
| 2025-05-28 | Cornell Brian C Executive Officer, director · By Trust | Sold | $4.3m45.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 51.4m $5.1bn | Added +6.6m |
| STATE STREET CORP 0.14% of their portfolio | 36.7m $3.6bn | Added +1.5m |
| BlackRock, Inc. 0.06% of their portfolio | 33.9m $3.3bn | Reduced -1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.28% of their portfolio | 16.2m $1.6bn | Added +277.2k |
| FMR LLC 0.08% of their portfolio | 13.7m $1.4bn | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 10.2m $1.0bn | Added +3.1k |
| MORGAN STANLEY 0.06% of their portfolio | 9.4m $931.7m | Added +2.1m |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 7.6m $746.6m | Added +4.9m |
| FRANKLIN RESOURCES INC 0.19% of their portfolio | 7.4m $729.6m | Reduced -938.0k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 6.5m $643.9m | Reduced -1.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.19% of their portfolio | 6.0m $590.8m | Reduced -630.1k |
| NORGES BANK 0.07% of their portfolio | 5.9m $578.0m | Reduced -64.8k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 5.2m $515.7m | Reduced -104.7k |
| UBS Group AG 0.11% of their portfolio | 5.2m $510.8m | Reduced -1.0m |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 4.9m $486.3m | Reduced -265.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 4.7m $466.8m | Added +703.0k |
| Capital World Investors 0.07% of their portfolio | 4.6m $451.7m | Reduced -877.6k |
| WELLS FARGO & COMPANY/MN 0.10% of their portfolio | 4.4m $435.0m | Reduced -4.2m |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 4.4m $433.5m | Added +494.4k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 3.6m $353.7m | Reduced -211.5k |
| Invesco Ltd. 0.06% of their portfolio | 3.5m $350.1m | Added +310.2k |
| Legal & General Group Plc 0.08% of their portfolio | 3.3m $323.9m | Reduced -101.5k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 3.2m $311.9m | Added +461.5k |
| Pacer Advisors, Inc. 0.72% of their portfolio | 2.9m $283.1m | Reduced -420.3k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.4m $240.0m | Added +173.6k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 1.03% of their portfolio | 2.3m $223.8m | Added +7.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio | 2.2m $219.4m | Added +1.3m |
| Allianz Asset Management GmbH 0.29% of their portfolio | 2.2m $215.7m | Reduced -185.0k |
| California Public Employees Retirement System 0.14% of their portfolio | 2.2m $213.6m | Added +1.1m |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 2.1m $212.0m | Reduced -127.8k |
| CITIGROUP INC 0.15% of their portfolio | 2.1m $211.8m | Added +602.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.82% of their portfolio | 2.1m $208.4m | Added +522.6k |
| BARCLAYS PLC 0.08% of their portfolio | 2.0m $200.9m | Reduced -384.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.18% of their portfolio | 2.0m $196.1m | Added +540.2k |
| Smead Capital Management, Inc. 3.90% of their portfolio | 2.0m $194.6m | Added +334.8k |
| Nuveen, LLC 0.05% of their portfolio | 1.9m $191.4m | Added +154.7k |
| STIFEL FINANCIAL CORP 0.17% of their portfolio | 1.8m $178.4m | Reduced -151 |
| ProShare Advisors LLC 0.35% of their portfolio | 1.8m $177.9m | Added +496.1k |
| NATIONAL BANK OF CANADA /FI/ 0.19% of their portfolio | 1.8m $172.8m | Added +319.7k |
| US BANCORP \DE\ 0.19% of their portfolio | 1.5m $151.0m | Reduced -155.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.23% of their portfolio | 1.5m $148.8m | Added +412.7k |
| Hudson Bay Capital Management LP 0.97% of their portfolio | 1.5m $148.1m | Added +1.2m |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 1.5m $146.3m | Added +88.0k |
| Amundi 0.05% of their portfolio | 1.4m $145.6m | Reduced -1.4m |
| Swiss National Bank 0.08% of their portfolio | 1.4m $136.0m | Added +86.8k |
| FIL Ltd 0.11% of their portfolio | 1.3m $131.9m | Added +1.3m |
| Robeco Institutional Asset Management B.V. 0.21% of their portfolio | 1.3m $131.8m | Added +1.1m |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 1.3m $130.0m | Added +908.5k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 1.3m $128.7m | Reduced -844.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 1.3m $127.1m | Added +79.8k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 1.3m $123.7m | Added +239.1k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 1.2m $118.1m | Reduced -65.7k |
| PRUDENTIAL FINANCIAL INC 0.15% of their portfolio | 1.1m $112.9m | Reduced -88.1k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 1.1m $112.8m | Added +485.2k |
| EQUITY INVESTMENT CORP 2.42% of their portfolio | 1.1m $110.3m | Added +270.3k |
| Cullen Capital Management, LLC 1.08% of their portfolio | 965.2k $95.2m | Added +25.7k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.47% of their portfolio | 958.8k $94.6m | Reduced -616.7k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 937.0k $92.5m | Added +210.1k |
| LSV ASSET MANAGEMENT 0.21% of their portfolio | 928.8k $91.6m | Added +393.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 926.1k $91.4m | Added +68.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 902.3k $89.0m | Reduced -932.3k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 857.4k $84.6m | Reduced -8.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 805.3k $79.4m | Reduced -10.7k |
| National Pension Service 0.07% of their portfolio | 790.9k $78.0m | Reduced -915.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 741.9k $73.2m | Reduced -1.9m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 741.6k $73.2m | Reduced -8.7k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 715.0k $70.5m | Added +335.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 706.7k $69.7m | Reduced -193.5k |
| Phoenix Financial Ltd. 0.91% of their portfolio | 702.1k $69.3m | Reduced -19.4k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 676.4k $67.1m | Added +615 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 674.2k $66.5m | Reduced -678.1k |
| Aberdeen Group plc 0.11% of their portfolio | 670.6k $66.3m | Added +32.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 661.8k $65.3m | Reduced -541.4k |
| FEDERATED HERMES, INC. 0.12% of their portfolio | 651.7k $64.3m | Reduced -4.8k |
| Empower Advisory Group, LLC 0.19% of their portfolio | 647.5k $63.9m | Added +284.2k |
| Man Group plc 0.14% of their portfolio | 639.7k $63.1m | Added +113.7k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.40% of their portfolio | 608.5k $60.0m | Added +16.9k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 606.5k $59.9m | Reduced -66.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.16% of their portfolio | 605.4k $59.7m | Added +138.5k |
| TORONTO DOMINION BANK 0.13% of their portfolio | 590.7k $58.3m | Reduced -198.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.20% of their portfolio | 589.4k $58.1m | Added +445.2k |
| Vest Financial, LLC 0.82% of their portfolio | 584.6k $57.7m | Added +193.5k |
| LPL Financial LLC 0.02% of their portfolio | 584.3k $57.6m | Reduced -17.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.07% of their portfolio | 567.9k $56.0m | Reduced -16.0k |
| Swedbank AB 0.06% of their portfolio | 534.2k $52.7m | First filing |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 530.9k $52.4m | Added +14.7k |
| EDGAR LOMAX CO/VA 3.25% of their portfolio | 520.1k $51.3m | Reduced -8.4k |
| M&T Bank Corp 0.18% of their portfolio | 517.7k $51.1m | Added +118.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 517.3k $51.0m | Reduced -26.3k |
| Capitolis Liquid Global Markets LLC 0.37% of their portfolio | 509.0k $50.2m | Reduced -170.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 505.2k $49.8m | Added +95.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.14% of their portfolio | 502.8k $49.6m | Added +31.8k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 498.4k $49.2m | Reduced -33.8k |
| Mirae Asset Global Investments Co., Ltd. 0.17% of their portfolio | 494.3k $48.8m | Added +48.0k |
| BANK OF NOVA SCOTIA 0.10% of their portfolio | 494.1k $48.7m | Reduced -218.7k |
| HighTower Advisors, LLC 0.06% of their portfolio | 470.7k $46.4m | Reduced -194.7k |
| CAMBIAR INVESTORS LLC 1.93% of their portfolio | 464.5k $45.8m | New |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 463.0k $45.7m | Reduced -298.6k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 452.6k $44.7m | Added +417.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 437.9k $43.2m | Added +5.4k |