TPG Mortgage Investment Trust
MITT
104 hedge funds and large institutions have $243M invested in TPG Mortgage Investment Trust in 2013 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 31 increasing their positions, 40 reducing their positions, and 22 closing their positions.
40% more call options, than puts
Call options by funds: $1.14M | Put options by funds: $818K
0.8% less ownership
Funds ownership: 18.01% → 17.22% (-0.8%)
5% less funds holding
Funds holding: 109 → 104 (-5)
14% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 22
14% less capital invested
Capital invested by funds: $284M → $243M (-$40.6M)
23% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 40
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$7.31M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.87M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$5.87M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$3.85M |
| 5 |
TC
Talkot Capital
Sausalito,
California
|
+$2.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$7.31M |
| 2 |
1IC
1919 Investment Counsel
Baltimore,
Maryland
|
-$7.24M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$6.82M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$4.93M |
| 5 |
DAM
Doheny Asset Management
Los Angeles,
California
|
-$3.79M |
MITT Hedge Fund Activity: Q3 2013 in Review
104 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in TPG Mortgage Investment Trust (MITT) for Q3 2013, worth a combined $243M — down 14% from $284M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of MITT and 19 opened new positions — a net loss of 3 holders — while 40 trimmed existing stakes and 31 added.
The largest buyer was Citigroup, adding an estimated $7.31M. The largest seller was Russell Frank Company, cutting an estimated $7.31M.
- 104 institutional investors held TPG Mortgage Investment Trust (MITT) as of Q3 2013, down from 109 in Q2 2013.
- Funds reported $243M of TPG Mortgage Investment Trust stock for Q3 2013, down 14% quarter-over-quarter.
- 19 funds opened new TPG Mortgage Investment Trust positions in Q3 2013 and 22 closed out, a net change of -3 holders.
- The largest TPG Mortgage Investment Trust buyer in Q3 2013 was Citigroup, an estimated $7.31M added.
- The largest TPG Mortgage Investment Trust seller in Q3 2013 was Russell Frank Company, an estimated $7.31M sold.
Based on aggregated 13F filings for Q3 2013.