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MITT

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
104
Holders Change
-5
Holders Change %
-4.59%
% of All Funds
3.37%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
19
Increased
31
Reduced
40
Closed
22
Calls
$1.14M
Puts
$818K
Net Calls
+$324K
Net Calls Change
+$660K

Top Buyers

1
Citigroup
Citigroup
New York
+$7.31M
2
Ameriprise
Ameriprise
Minnesota
+$6.87M
3
Deutsche Bank
Deutsche Bank
Germany
+$5.87M
4
WAM
Wolverine Asset Management
Illinois
+$3.85M
5
TC
Talkot Capital
California
+$2.9M

Top Sellers

1
RFC
Russell Frank Company
Washington
-$7.31M
2
1IC
1919 Investment Counsel
Maryland
-$7.24M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$6.82M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$4.93M
5
DAM
Doheny Asset Management
California
-$3.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
1IC
1
1919 Investment Counsel
Maryland
$28.9M -$7.24M -138,642 -19%
Vanguard Group
2
Vanguard Group
Pennsylvania
$24.1M +$1.35M +25,797 +6%
BFA
3
BlackRock Fund Advisors
California
$22M +$2.23M +42,622 +11%
BIT
4
BlackRock Institutional Trust
California
$14.9M +$675K +12,914 +5%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$9.62M – – –
State Street
6
State Street
Massachusetts
$9.37M -$634K -12,140 -6%
HBWM
7
Hollow Brook Wealth Management
New York
$9.02M -$47.6K -912 -0.5%
Northern Trust
8
Northern Trust
Illinois
$8.58M +$118K +2,256 +1%
Citigroup
9
Citigroup
New York
$7.32M +$7.31M +139,988 +2,071%
Ameriprise
10
Ameriprise
Minnesota
$6.98M +$6.87M +131,412 +1,518%
AGC
11
Angelo Gordon & Co
New York
$6.65M – – –
SCM
12
Sterling Capital Management
North Carolina
$6.62M -$1.26M -24,032 -15%
Deutsche Bank
13
Deutsche Bank
Germany
$6.34M +$5.87M +112,351 +759%
GC
14
Guggenheim Capital
Illinois
$4.29M +$669K +12,811 +18%
YMRC
15
Yorktown Management & Research Company
Virginia
$4.16M -$871K -16,667 -17%
GE
16
General Electric
Ohio
$4.16M – – –
WAM
17
Wolverine Asset Management
Illinois
$3.68M +$3.85M +73,743 New
CLG
18
Cooperman Leon G
$3.32M -$1.21M -23,196 -26%
AWCI
19
Alpine Woods Capital Investors
New York
$3.32M -$174K -3,333 -5%
U
20
UBS
Switzerland
$3.12M -$159K -3,034 -5%
TC
21
Talkot Capital
California
$2.77M +$2.9M +55,578 New
TBA
22
Thomas B. Akin
$2.77M +$2.9M +55,578 New
Morgan Stanley
23
Morgan Stanley
New York
$2.59M -$2.63M -50,373 -49%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$2.39M +$4.39K +84 +0.2%
Bank of America
25
Bank of America
North Carolina
$2.29M -$1.23M -23,524 -34%
1
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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.