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TRTX

TPG RE Finance Trust
TRTX

121 hedge funds and large institutions have $737M invested in TPG RE Finance Trust in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 65 increasing their positions, 25 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

4,563% more call options, than puts

Call options by funds: $1.26M | Put options by funds: $27K

160% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 25

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

5% less funds holding

Funds holding: 128 → 121 (-7)

7.06% less ownership

Funds ownership: 59.41% → 52.35% (-7.1%)

12% less capital invested

Capital invested by funds: $839M → $737M (-$102M)

14% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 21

Holders
121
Holders Change
-7
Holders Change %
-5.47%
% of All Funds
2.63%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.11%
New
18
Increased
65
Reduced
25
Closed
21
Calls
$1.26M
Puts
$27K
Net Calls
+$1.23M
Net Calls Change
+$297K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$17.8M
2
HS
Hazelview Securities
Ontario, Canada
+$9.04M
3
N
Nuveen
North Carolina
+$7.36M
4
CM
Crestline Management
Texas
+$7.34M
5
State Street
State Street
Massachusetts
+$4.32M

Top Sellers

Rank Fund Capital Flow
1
JMPWA
JP Morgan Private Wealth Advisors
California
-$125M
2
Morgan Stanley
Morgan Stanley
New York
-$17.1M
3
Marshall Wace
Marshall Wace
United Kingdom
-$8.16M
4
MWNA
Marshall Wace North America
New York
-$7.34M
5
MIM
Monashee Investment Management
Massachusetts
-$5.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$4.5M +$2.45M +124,900 +116%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$4.06M +$811K +41,371 +24%
Wells Fargo
28
Wells Fargo
California
$4.02M +$1.39M +70,910 +52%
JP Morgan Chase
29
JP Morgan Chase
New York
$3.72M +$1.83M +93,508 +92%
MAM
30
Martingale Asset Management
Massachusetts
$3.69M +$86.3K +4,401 +2%
Prudential Financial
31
Prudential Financial
New Jersey
$3.6M +$1.02M +52,120 +39%
First Trust Advisors
32
First Trust Advisors
Illinois
$3.51M +$247K +12,598 +7%
CS
33
Credit Suisse
Switzerland
$3.37M +$1.05M +53,386 +44%
WAM
34
Wolverine Asset Management
Illinois
$3.18M +$1.99M +101,640 +161%
YMRC
35
Yorktown Management & Research Company
Virginia
$3.08M – – –
Schroder Investment Management Group
36
Schroder Investment Management Group
United Kingdom
$2.72M +$153K +7,796 +6%
Nomura Asset Management
37
Nomura Asset Management
Japan
$2.43M +$537K +27,400 +28%
PPA
38
Parametric Portfolio Associates
Washington
$2.36M +$158K +8,055 +7%
RVPG
39
Relative Value Partners Group
$2.32M +$1.08M +55,077 +84%
VanEck Associates
40
VanEck Associates
New York
$2.08M -$221K -11,276 -9%
Bessemer Group
41
Bessemer Group
New Jersey
$1.97M +$51K +2,600 +3%
Blackstone Inc
42
Blackstone Inc
New York
$1.68M – – –
Deutsche Bank
43
Deutsche Bank
Germany
$1.61M -$1.38M -70,516 -46%
Morgan Stanley
44
Morgan Stanley
New York
$1.51M -$17.1M -873,699 -92%
B
45
Barings
North Carolina
$1.5M -$25.7K -1,310 -2%
California State Teachers Retirement System (CalSTRS)
46
California State Teachers Retirement System (CalSTRS)
California
$1.47M +$441K +22,505 +42%
Swiss National Bank
47
Swiss National Bank
Switzerland
$1.42M +$265K +13,500 +22%
AG
48
AlphaSimPlex Group
Massachusetts
$1.42M +$1.44M +73,466 New
AllianceBernstein
49
AllianceBernstein
Tennessee
$1.33M +$551K +28,100 +69%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$1.3M +$313K +15,952 +31%
1
2
3 4 5

TRTX Hedge Fund Activity: Q2 2019 in Review

121 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q2 2019, worth a combined $737M — down 12% from $839M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of TRTX and 18 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 65 added.

The largest buyer was BlackRock, adding an estimated $17.8M. The largest seller was JP Morgan Private Wealth Advisors, cutting an estimated $125M.

  • 121 institutional investors held TPG RE Finance Trust (TRTX) as of Q2 2019, down from 128 in Q1 2019.
  • Funds reported $737M of TPG RE Finance Trust stock for Q2 2019, down 12% quarter-over-quarter.
  • 18 funds opened new TPG RE Finance Trust positions in Q2 2019 and 21 closed out, a net change of -3 holders.
  • The largest TPG RE Finance Trust buyer in Q2 2019 was BlackRock, an estimated $17.8M added.
  • The largest TPG RE Finance Trust seller in Q2 2019 was JP Morgan Private Wealth Advisors, an estimated $125M sold.

Based on aggregated 13F filings for Q2 2019.