Gratia Capital’s TPG RE Finance Trust TRTX Stock Holding History

Gratia Capital’s Portfolio TRTX Stock Details TRTX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	–	Sell	-1,600,000	Closed	-$12.5M	–	41
2026 Q1	$12.5M	Buy	+1,600,000	New	+$13.8M	5.5%	5
2025 Q4	–	Sell	-500,000	Closed	-$4.28M	–	36
2025 Q3	$4.28M	Hold	500,000	–	–	3.07%	9
2025 Q2	$3.86M	Buy	+500,000	New	+$3.81M	3.76%	8
2025 Q1	–	Sell	-614,400	Closed	-$5.22M	–	33
2024 Q4	$5.22M	Sell	614,400 -385,600	-39%	-$3.36M	5.11%	6
2024 Q3	$8.53M	Hold	1,000,000	–	–	9.65%	3
2024 Q2	$8.64M	Hold	1,000,000	–	–	8.2%	4
2024 Q1	$7.72M	Buy	+1,000,000	New	+$6.67M	8.44%	5

Other funds holding TRTX

LPC

Long Pond Capital New York $1.04B AUM 2.38% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $83.9B AUM 60.43% 1-Year Est. Return

SONJCPFA

State of New Jersey Common Pension Fund A Trenton, New Jersey $223M AUM 26.5% 1-Year Est. Return

TGA

TPG GP A Fort Worth, Texas $5B AUM 58.56% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Gratia Capital's TRTX Position: Q2 2026 in Review

Gratia Capital reduced its TPG RE Finance Trust (TRTX) stake by 23% in Q2 2026, selling an estimated $5.3M and leaving 2,067,333 shares worth $17.3M. The position accounts for 10.46% of the portfolio, ranked #2.

Gratia Capital first reported a position in TRTX in Q4 2020 and has held it in 19 quarters since. The position peaked at $21.1M in Q1 2026. 154 funds tracked by Wall St. Rank hold TRTX as of Q2 2026.

Gratia Capital held 2,067,333 shares of TPG RE Finance Trust worth $17.3M as of Q2 2026.
Gratia Capital sold 634,416 TPG RE Finance Trust shares in Q2 2026, an estimated $5.3M.
TPG RE Finance Trust made up 10.46% of Gratia Capital's portfolio in Q2 2026, its #2 holding.
Gratia Capital first reported a position in TPG RE Finance Trust in Q4 2020 and has held it in 19 quarters since.
Gratia Capital's TPG RE Finance Trust position peaked at $21.1M in Q1 2026.
154 funds tracked by Wall St. Rank held TPG RE Finance Trust as of Q2 2026.

Based on Gratia Capital's 13F filing for Q2 2026, filed 14 Aug 2026.