TPG Mortgage Investment Trust
MITT
121 hedge funds and large institutions have $295M invested in TPG Mortgage Investment Trust in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 44 increasing their positions, 39 reducing their positions, and 13 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 39
10% more call options, than puts
Call options by funds: $5.63M | Put options by funds: $5.13M
0.15% more ownership
Funds ownership: 19.32% → 19.47% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 124 → 121 (-3)
5% less capital invested
Capital invested by funds: $311M → $295M (-$16.2M)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$5.57M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$2.93M |
| 3 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$2.37M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$2.24M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$5.52M |
| 2 |
1IC
1919 Investment Counsel
Baltimore,
Maryland
|
-$4.44M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.1M |
| 4 |
Two Sigma Investments
New York
|
-$2.35M |
| 5 |
Renaissance Technologies
New York
|
-$1.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EML
126
Eos Management LP
New York
| – | -$508K | -8,941 | Closed |
|
|
DLG
127
Daniel L. Goodwin
| – | -$473K | -8,333 | Closed |
|
|
BIG
128
Blackthorn Investment Group
Overland Park,
Kansas
| – | -$471K | -8,300 | Closed |
|
|
MIM
129
Miller Investment Management
West Conshohocken,
Pennsylvania
| – | -$237K | -4,167 | Closed |
|
130
Tudor Investment Corp
Stamford,
Connecticut
| – | -$206K | -3,626 | Closed |
|
|
JG
131
Jefferies Group
New York
| – | -$200K | -3,517 | Closed |
|
|
VFA
132
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$46K | -807 | Closed |
|
133
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$13K | -230 | Closed |
|
|
ST
134
Spot Trading
Chicago,
Illinois
| – | -$9K | -160 | Closed |
|
MITT Hedge Fund Activity: Q3 2014 in Review
121 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in TPG Mortgage Investment Trust (MITT) for Q3 2014, worth a combined $295M — down 5.2% from $311M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of MITT and 11 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 44 added.
The largest buyer was Putnam Investments, adding an estimated $5.57M. The largest seller was Mangrove Partners, exiting entirely with an estimated $5.52M sold.
- 121 institutional investors held TPG Mortgage Investment Trust (MITT) as of Q3 2014, down from 124 in Q2 2014.
- Funds reported $295M of TPG Mortgage Investment Trust stock for Q3 2014, down 5.2% quarter-over-quarter.
- 11 funds opened new TPG Mortgage Investment Trust positions in Q3 2014 and 13 closed out, a net change of -2 holders.
- The largest TPG Mortgage Investment Trust buyer in Q3 2014 was Putnam Investments, an estimated $5.57M added.
- The largest TPG Mortgage Investment Trust seller in Q3 2014 was Mangrove Partners, an estimated $5.52M sold.
Based on aggregated 13F filings for Q3 2014.