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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
ZCM
51
Zebra Capital Management
Connecticut
$1.11M +$290K +14,792 +35%
EMG
52
Ellington Management Group
Connecticut
$1.1M +$1.11M +56,829 New
WG
53
Winton Group
United Kingdom
$1.09M +$419K +21,384 +61%
SWM
54
Stockman Wealth Management
Montana
$1.03M +$202K +10,285 +24%
Canada Pension Plan Investment Board
55
Canada Pension Plan Investment Board
Ontario, Canada
$1.02M +$1.04M +52,950 New
New York State Common Retirement Fund
56
New York State Common Retirement Fund
New York
$980K +$320K +16,300 +47%
JCM
57
Jag Capital Management
Missouri
$948K +$963K +49,132 New
MC
58
Menta Capital
California
$936K -$241K -12,293 -20%
Principal Financial Group
59
Principal Financial Group
Iowa
$927K -$261K -13,293 -22%
EGPO
60
EnTrust Global Partners Offshore
New York
$751K -$394K -20,100 -34%
Voloridge Investment Management
61
Voloridge Investment Management
Florida
$751K +$763K +38,915 New
AM
62
Ares Management
California
$744K +$468K +23,849 +162%
CC
63
Cannell & Co
New York
$702K +$490K +25,000 +219%
SGI
64
Summit Global Investments
Utah
$675K +$25.5K +1,300 +4%
Goldman Sachs
65
Goldman Sachs
New York
$653K -$1.86M -94,915 -74%
QI
66
QS Investors
New York
$640K +$250K +12,769 +63%
Barclays
67
Barclays
United Kingdom
$637K -$712K -36,325 -52%
AIG
68
American International Group
New York
$608K +$179K +9,106 +41%
Allianz Asset Management
69
Allianz Asset Management
Germany
$600K +$12.8K +653 +2%
American Century Companies
70
American Century Companies
Missouri
$579K +$59K +3,011 +11%
ARTA
71
A.R.T. Advisors
New York
$569K +$249K +12,700 +76%
Manulife (Manufacturers Life Insurance)
72
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$553K +$328K +16,712 +140%
DIM
73
DC Investments Management
Virginia
$535K -$33.6K -1,712 -6%
Commonwealth Equity Services
74
Commonwealth Equity Services
Massachusetts
$502K +$3.49K +178 +0.7%
AG
75
Aperio Group
California
$486K -$152K -7,747 -24%
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.