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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
Teacher Retirement System of Texas
51
Teacher Retirement System of Texas
Texas
$911K -$362K -47,407 -29%
RhumbLine Advisers
52
RhumbLine Advisers
Massachusetts
$889K +$188K +24,691 +27%
Thrivent Financial for Lutherans
53
Thrivent Financial for Lutherans
Minnesota
$871K
Susquehanna International Group
54
Susquehanna International Group
Pennsylvania
$861K +$274K +35,976 +48%
GSEP
55
Golden State Equity Partners
California
$774K +$5.74K +753 +0.8%
Cerity Partners
56
Cerity Partners
New York
$744K +$183K +23,957 +33%
Royal Bank of Canada
57
Royal Bank of Canada
Ontario, Canada
$724K +$407K +53,429 +132%
VOYA Investment Management
58
VOYA Investment Management
Georgia
$700K +$2.01K +264 +0.3%
T. Rowe Price Associates
59
T. Rowe Price Associates
Maryland
$686K +$59.1K +7,751 +10%
Tudor Investment Corp
60
Tudor Investment Corp
Connecticut
$670K -$653K -85,618 -50%
NRD
61
Nebula Research & Development
New York
$579K +$100K +13,122 +21%
AllianceBernstein
62
AllianceBernstein
Tennessee
$578K -$56K -7,340 -9%
CAU
63
Caxton Associates (UK)
$545K -$122K -16,025 -18%
EGM
64
Engineers Gate Manager
New York
$513K -$134K -17,593 -21%
State Board of Administration of Florida Retirement System
65
State Board of Administration of Florida Retirement System
Florida
$508K +$8.53K +1,118 +2%
Universal-Beteiligungs- und Servicegesellschaft
66
Universal-Beteiligungs- und Servicegesellschaft
Germany
$463K
AQR Capital Management
67
AQR Capital Management
Connecticut
$459K +$335K +43,915 +282%
Legal & General Group
68
Legal & General Group
United Kingdom
$447K +$5.94K +779 +1%
JAM
69
Jupiter Asset Management
United Kingdom
$419K -$293K -38,469 -41%
California State Teachers Retirement System (CalSTRS)
70
California State Teachers Retirement System (CalSTRS)
California
$410K
Wells Fargo
71
Wells Fargo
California
$356K +$64.7K +8,480 +23%
PVI
72
Pine Valley Investments
New Jersey
$345K +$7.25K +950 +2%
Deutsche Bank
73
Deutsche Bank
Germany
$322K -$65.7K -8,613 -17%
MIM
74
MetLife Investment Management
New Jersey
$319K +$45.9K +6,024 +17%
D.E. Shaw & Co
75
D.E. Shaw & Co
New York
$317K -$508K -66,582 -62%

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.