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TRTX

TPG RE Finance Trust
TRTX

69 hedge funds and large institutions have $497M invested in TPG RE Finance Trust in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 10 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

290% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 10

1% more funds holding

Funds holding: 68 → 69 (+1)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

4% more capital invested

Capital invested by funds: $476M → $497M (+$21.3M)

0.56% more ownership

Funds ownership: 40.88% → 41.44% (+0.56%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
69
Holders Change
+1
Holders Change %
+1.47%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
39
Reduced
10
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.75M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$5.38M
3
HS
Hazelview Securities
Ontario, Canada
+$3.17M
4
State Street
State Street
Massachusetts
+$2.91M
5
RA
Resource America
New York
+$2.88M

Top Sellers

Rank Fund Capital Flow
1
ICM
Indaba Capital Management
California
-$13.3M
2
N
Nuveen
North Carolina
-$7.11M
3
Blackstone Inc
Blackstone Inc
New York
-$2.38M
4
Goldman Sachs
Goldman Sachs
New York
-$2.27M
5
Norges Bank
Norges Bank
Norway
-$1.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
51
SG Americas Securities
New York
$125K +$124K +6,152 New
Legal & General Group
52
Legal & General Group
United Kingdom
$109K +$39.2K +1,942 +57%
Acadian Asset Management
53
Acadian Asset Management
Massachusetts
$87K +$86.3K +4,274 New
AIP
54
Ameritas Investment Partners
Nebraska
$54K +$18.2K +899 +51%
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$50K +$49.5K +2,452 +30,650%
Barclays
56
Barclays
United Kingdom
$47K +$46.6K +2,305 New
BNP Paribas Financial Markets
57
BNP Paribas Financial Markets
France
$45.3K -$40.4K -2,001 -47%
Zurich Cantonal Bank
58
Zurich Cantonal Bank
Switzerland
$43K +$42.8K +2,119 New
Canada Life
59
Canada Life
Manitoba, Canada
$30K – – –
AS
60
Altshuler Shaham
Israel
$23K +$9.98K +494 +77%
IA
61
IFP Advisors
Florida
$12K +$2.02K +100 +20%
HIM
62
Hillsdale Investment Management
Ontario, Canada
$11K +$1.21K +60 +12%
PIA
63
Piedmont Investment Advisors
North Carolina
$11K +$11K +546 New
AG
64
Advisor Group
Arizona
$6K – – –
TRCT
65
Tower Research Capital (TRC)
New York
$6K +$6.22K +308 New
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$5K +$4.5K +223 New
SEI Investments
67
SEI Investments
Pennsylvania
$2K +$788 +39 +58%
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$1K – – –
PCG
69
Private Capital Group
Connecticut
$1K – – –
ICM
70
Indaba Capital Management
California
– -$13.3M -667,555 Closed
SSA
71
Schonfeld Strategic Advisors
New York
– -$1.9M -95,403 Closed
Nomura Holdings
72
Nomura Holdings
Japan
– -$1.16K -58,255 Closed
CSS
73
Cubist Systematic Strategies
Connecticut
– -$624K -31,383 Closed
Millennium Management
74
Millennium Management
New York
– -$557K -28,010 Closed
Balyasny Asset Management
75
Balyasny Asset Management
Illinois
– -$410K -20,592 Closed
1 2
3
4

TRTX Hedge Fund Activity: Q2 2018 in Review

69 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q2 2018, worth a combined $497M — up 4.5% from $476M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new TRTX positions and 12 closed out — a net gain of 1 holder — while 39 added to existing stakes and 10 trimmed.

The largest buyer was BlackRock, adding an estimated $6.75M. The largest seller was Indaba Capital Management, exiting entirely with an estimated $13.3M sold.

  • 69 institutional investors held TPG RE Finance Trust (TRTX) as of Q2 2018, up from 68 in Q1 2018.
  • Funds reported $497M of TPG RE Finance Trust stock for Q2 2018, up 4.5% quarter-over-quarter.
  • 13 funds opened new TPG RE Finance Trust positions in Q2 2018 and 12 closed out, a net change of +1 holder.
  • The largest TPG RE Finance Trust buyer in Q2 2018 was BlackRock, an estimated $6.75M added.
  • The largest TPG RE Finance Trust seller in Q2 2018 was Indaba Capital Management, an estimated $13.3M sold.

Based on aggregated 13F filings for Q2 2018.