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TRTX

TPG RE Finance Trust
TRTX

68 hedge funds and large institutions have $476M invested in TPG RE Finance Trust in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 30 increasing their positions, 9 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 9

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

30% more capital invested

Capital invested by funds: $366M → $476M (+$110M)

17% more funds holding

Funds holding: 58 → 68 (+10)

8.67% more ownership

Funds ownership: 32.2% → 40.88% (+8.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
68
Holders Change
+10
Holders Change %
+17.24%
% of All Funds
1.56%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
30
Reduced
9
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$88M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$39.2M
3
State Street
State Street
Massachusetts
+$5.79M
4
Two Sigma Investments
Two Sigma Investments
New York
+$4.14M
5
Goldman Sachs
Goldman Sachs
New York
+$2.82M

Top Sellers

Rank Fund Capital Flow
1
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$19.4M
2
ZP
Zimmer Partners
New York
-$16.8M
3
NIMC
NWQ Investment Management Company
California
-$12.8M
4
N
Nuveen
North Carolina
-$6.83M
5
SSA
Schonfeld Strategic Advisors
New York
-$2.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$788K +$275K +14,403 +57%
Bank of America
27
Bank of America
North Carolina
$757K +$628K +32,895 +638%
Invesco
28
Invesco
Georgia
$711K +$682K +35,739 New
HS
29
Hazelview Securities
Ontario, Canada
$673K +$2.61M +136,649 +117%
California State Teachers Retirement System (CalSTRS)
30
California State Teachers Retirement System (CalSTRS)
California
$627K +$266K +13,912 +79%
CSS
31
Cubist Systematic Strategies
Connecticut
$624K +$599K +31,383 New
TA
32
Teachers Advisors
New York
$592K +$210K +11,000 +59%
Wells Fargo
33
Wells Fargo
California
$558K +$128K +6,699 +31%
Millennium Management
34
Millennium Management
New York
$557K -$367K -19,219 -41%
RA
35
Resource America
New York
$497K +$477K +24,985 New
Balyasny Asset Management
36
Balyasny Asset Management
Illinois
$410K +$393K +20,592 New
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$375K +$360K +18,851 New
D.E. Shaw & Co
38
D.E. Shaw & Co
New York
$353K -$120K -6,266 -26%
CS
39
Credit Suisse
Switzerland
$353K +$339K +17,763 New
Manulife (Manufacturers Life Insurance)
40
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$332K +$137K +7,182 +76%
UBS AM
41
UBS AM
Illinois
$302K +$290K +15,200 New
New York State Common Retirement Fund
42
New York State Common Retirement Fund
New York
$272K +$166K +8,700 +174%
AIG
43
American International Group
New York
$263K +$110K +5,739 +77%
AllianceBernstein
44
AllianceBernstein
Tennessee
$243K +$233K +12,200 New
OAM
45
Oxford Asset Management
United Kingdom
$225K +$216K +11,297 New
ARTA
46
A.R.T. Advisors
New York
$208K +$200K +10,500 New
PPA
47
Parametric Portfolio Associates
Washington
$200K +$192K +10,067 New
MIM
48
MetLife Investment Management
New Jersey
$199K +$191K +10,006 New
MLICM
49
Metropolitan Life Insurance Company (MetLife)
New York
$140K +$134K +7,037 New
SO
50
STRS Ohio
Ohio
$117K +$51.5K +2,700 +84%
1
2
3 4

TRTX Hedge Fund Activity: Q1 2018 in Review

68 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q1 2018, worth a combined $476M — up 30% from $366M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new TRTX positions and 11 closed out — a net gain of 11 holders — while 30 added to existing stakes and 9 trimmed.

The largest buyer was BlackRock, adding an estimated $88M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $19.4M sold.

  • 68 institutional investors held TPG RE Finance Trust (TRTX) as of Q1 2018, up from 58 in Q4 2017.
  • Funds reported $476M of TPG RE Finance Trust stock for Q1 2018, up 30% quarter-over-quarter.
  • 22 funds opened new TPG RE Finance Trust positions in Q1 2018 and 11 closed out, a net change of +11 holders.
  • The largest TPG RE Finance Trust buyer in Q1 2018 was BlackRock, an estimated $88M added.
  • The largest TPG RE Finance Trust seller in Q1 2018 was Alyeska Investment Group, an estimated $19.4M sold.

Based on aggregated 13F filings for Q1 2018.