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TRTX

TPG RE Finance Trust

139 hedge funds and large institutions have $480M invested in TPG RE Finance Trust in 2025 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 64 increasing their positions, 41 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,925% more call options, than puts

Call options by funds: $32.9M | Put options by funds: $1.09M

56% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 41

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

0.03% more ownership

Funds ownership: 77.74%77.77% (+0.03%)

6% less funds holding

Funds holding: 148139 (-9)

7% less capital invested

Capital invested by funds: $514M → $480M (-$33.8M)

35% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 23

Holders
139
Holders Change
-9
Holders Change %
-6.08%
% of All Funds
1.83%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
15
Increased
64
Reduced
41
Closed
23
Calls
$32.9M
Puts
$1.09M
Net Calls
+$31.8M
Net Calls Change
+$16.9M
Name Holding Trade Value Shares
Change
Change in
Stake
QGA
26
Q Global Advisors
Texas
$3.99M +$3.94M +516,832 New
DCM
27
Dimension Capital Management
Florida
$3.55M +$2.79M +365,971 +390%
CM
28
Cercano Management
Washington
$3.1M
Fidelity Investments
29
Fidelity Investments
Massachusetts
$2.79M -$500K -65,601 -15%
Renaissance Technologies
30
Renaissance Technologies
New York
$2.78M -$1.14M -149,900 -29%
NC
31
Nokomis Capital
Texas
$2.78M +$333K +43,703 +14%
Kovitz Investment Group Partners
32
Kovitz Investment Group Partners
Illinois
$2.63M +$554K +72,599 +27%
Norges Bank
33
Norges Bank
Norway
$2.41M +$2.38M +312,200 New
UBS AM
34
UBS AM
Illinois
$2M +$505K +66,286 +34%
SBH
35
Segall Bryant & Hamill
Illinois
$1.87M -$221K -28,939 -11%
BCL
36
Bracebridge Capital LLC
Massachusetts
$1.78M +$670K +87,900 +61%
Bank of America
37
Bank of America
North Carolina
$1.73M -$719K -94,329 -30%
Invesco
38
Invesco
Georgia
$1.58M -$305K -40,053 -16%
AI
39
AXS Investments
New York
$1.54M +$21.1K +2,764 +1%
CSS
40
Cubist Systematic Strategies
Connecticut
$1.51M +$188K +24,653 +14%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$1.51M +$166K +21,775 +13%
SG Americas Securities
42
SG Americas Securities
New York
$1.44M +$1.24M +162,749 +684%
VI
43
Vestcor Inc
New Brunswick, Canada
$1.27M +$1.26M +164,775 New
Barclays
44
Barclays
United Kingdom
$1.26M -$759K -99,484 -38%
Franklin Resources
45
Franklin Resources
California
$1.23M +$6.25K +820 +0.5%
N
46
Nuveen
North Carolina
$1.13M -$120K -15,760 -10%
Raymond James Financial
47
Raymond James Financial
Florida
$1.11M +$557K +72,981 +104%
PCM
48
Penserra Capital Management
California
$1.04M +$70.4K +9,228 +7%
Swiss National Bank
49
Swiss National Bank
Switzerland
$1.01M -$21.4K -2,800 -2%
State of Wisconsin Investment Board
50
State of Wisconsin Investment Board
Wisconsin
$982K +$106K +13,954 +12%

TRTX Hedge Fund Activity: Q2 2025 in Review

139 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q2 2025, worth a combined $480M — down 6.6% from $514M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of TRTX and 15 opened new positions — a net loss of 8 holders — while 41 trimmed existing stakes and 64 added.

The largest buyer was Balyasny Asset Management, adding an estimated $5.31M. The largest seller was Vanguard Group, cutting an estimated $9.6M.

  • 139 institutional investors held TPG RE Finance Trust (TRTX) as of Q2 2025, down from 148 in Q1 2025.
  • Funds reported $480M of TPG RE Finance Trust stock for Q2 2025, down 6.6% quarter-over-quarter.
  • 15 funds opened new TPG RE Finance Trust positions in Q2 2025 and 23 closed out, a net change of -8 holders.
  • The largest TPG RE Finance Trust buyer in Q2 2025 was Balyasny Asset Management, an estimated $5.31M added.
  • The largest TPG RE Finance Trust seller in Q2 2025 was Vanguard Group, an estimated $9.6M sold.

Based on aggregated 13F filings for Q2 2025.