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MITT

TPG Mortgage Investment Trust
MITT

120 hedge funds and large institutions have $369M invested in TPG Mortgage Investment Trust in 2019 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 49 increasing their positions, 28 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 28

25% more capital invested

Capital invested by funds: $295M → $369M (+$73.6M)

1.19% more ownership

Funds ownership: 21.47% → 22.66% (+1.2%)

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

2% less funds holding

Funds holding: 122 → 120 (-2)

74% less call options, than puts

Call options by funds: $543K | Put options by funds: $2.06M

Holders
120
Holders Change
-2
Holders Change %
-1.64%
% of All Funds
2.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
49
Reduced
28
Closed
21
Calls
$543K
Puts
$2.06M
Net Calls
-$1.51M
Net Calls Change
-$1.51M

Top Buyers

Rank Fund Capital Flow
1
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$9.29M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$7.12M
3
Goldman Sachs
Goldman Sachs
New York
+$7M
4
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$4.23M
5
Morgan Stanley
Morgan Stanley
New York
+$3.92M

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$2.63M
2
RCAMU
Rothschild & Co Asset Management US
Connecticut
-$2.25M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.34M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.33M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$1.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
Allianz Asset Management
26
Allianz Asset Management
Germany
$3.79M +$105K +2,000 +3%
Deutsche Bank
27
Deutsche Bank
Germany
$3.31M +$1.3M +24,801 +61%
Charles Schwab
28
Charles Schwab
California
$3.03M +$446K +8,527 +17%
PPA
29
Parametric Portfolio Associates
Washington
$3.03M -$471K -8,996 -13%
CAM
30
ClariVest Asset Management
California
$2.98M +$1.4M +26,791 +83%
OC
31
Oppenheimer & Co
New York
$2.32M -$54.5K -1,041 -2%
VanEck Associates
32
VanEck Associates
New York
$2.26M +$360K +6,878 +18%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$2.2M +$34K +650 +2%
OAM
34
Oxford Asset Management
United Kingdom
$2.14M +$2.22M +42,409 New
CEP
35
Chicago Equity Partners
Illinois
$1.95M +$211K +4,026 +12%
AllianceBernstein
36
AllianceBernstein
Tennessee
$1.88M -$363K -6,934 -16%
Acadian Asset Management
37
Acadian Asset Management
Massachusetts
$1.8M -$1.34M -25,586 -42%
USAA
38
United Services Automobile Association
Texas
$1.77M +$1.41M +27,001 +336%
Wells Fargo
39
Wells Fargo
California
$1.71M +$12.6K +240 +0.7%
Thrivent Financial for Lutherans
40
Thrivent Financial for Lutherans
Minnesota
$1.69M – – –
AIM
41
Artemis Investment Management
United Kingdom
$1.54M – – –
Bessemer Group
42
Bessemer Group
New Jersey
$1.47M +$413K +7,900 +37%
Nordea Investment Management
43
Nordea Investment Management
Sweden
$1.47M +$1.52M +29,004 New
Citadel Advisors
44
Citadel Advisors
Florida
$1.44M -$170K -3,251 -10%
NAM
45
Nissay Asset Management
Japan
$1.19M – – –
TCIM
46
TIAA CREF Investment Management
New York
$1.16M -$663K -12,660 -36%
Connor, Clark & Lunn Investment Management (CC&L)
47
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.07M -$705K -13,472 -39%
TA
48
Teachers Advisors
New York
$1.03M – – –
Swiss National Bank
49
Swiss National Bank
Switzerland
$975K +$159K +3,033 +19%
SG Americas Securities
50
SG Americas Securities
New York
$953K +$228K +4,354 +30%
1
2
3 4 5

MITT Hedge Fund Activity: Q1 2019 in Review

120 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in TPG Mortgage Investment Trust (MITT) for Q1 2019, worth a combined $369M — up 25% from $295M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of MITT and 19 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 49 added.

The largest buyer was Mirae Asset Global Investments, opening a new position worth an estimated $9.29M. The largest seller was Wolverine Asset Management, cutting an estimated $2.63M.

  • 120 institutional investors held TPG Mortgage Investment Trust (MITT) as of Q1 2019, down from 122 in Q4 2018.
  • Funds reported $369M of TPG Mortgage Investment Trust stock for Q1 2019, up 25% quarter-over-quarter.
  • 19 funds opened new TPG Mortgage Investment Trust positions in Q1 2019 and 21 closed out, a net change of -2 holders.
  • The largest TPG Mortgage Investment Trust buyer in Q1 2019 was Mirae Asset Global Investments, an estimated $9.29M added.
  • The largest TPG Mortgage Investment Trust seller in Q1 2019 was Wolverine Asset Management, an estimated $2.63M sold.

Based on aggregated 13F filings for Q1 2019.