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TRTX

TPG RE Finance Trust
TRTX

120 hedge funds and large institutions have $388M invested in TPG RE Finance Trust in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 46 increasing their positions, 44 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

135% more call options, than puts

Call options by funds: $1.74M | Put options by funds: $741K

57% more capital invested

Capital invested by funds: $247M → $388M (+$141M)

5% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 44

0.37% less ownership

Funds ownership: 59.17% → 58.81% (-0.37%)

14% less funds holding

Funds holding: 140 → 120 (-20)

53% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 38

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
120
Holders Change
-20
Holders Change %
-14.29%
% of All Funds
2.46%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
18
Increased
46
Reduced
44
Closed
38
Calls
$1.74M
Puts
$741K
Net Calls
+$997K
Net Calls Change
+$386K

Top Buyers

Rank Fund Capital Flow
1
HVCM
HG Vora Capital Management
New York
+$34.5M
2
Prudential Financial
Prudential Financial
New Jersey
+$12.8M
3
BCM
Brigade Capital Management
New York
+$6.3M
4
Goldman Sachs
Goldman Sachs
New York
+$5.79M
5
BlackRock
BlackRock
New York
+$3.55M

Top Sellers

Rank Fund Capital Flow
1
IC
IEQ Capital
California
-$21.4M
2
Renaissance Technologies
Renaissance Technologies
New York
-$9.92M
3
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$7.61M
4
EW
Evoke Wealth
California
-$5.77M
5
Millennium Management
Millennium Management
New York
-$4.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
VOYA Investment Management
76
VOYA Investment Management
Georgia
$170K -$35.6K -4,907 -20%
Ameriprise
77
Ameriprise
Minnesota
$170K +$134K +18,450 New
DIM
78
DC Investments Management
Virginia
$166K -$82.2K -11,320 -37%
ECM
79
Evergreen Capital Management
Washington
$166K -$51.1K -7,042 -27%
HSBC Holdings
80
HSBC Holdings
United Kingdom
$165K +$139K +19,162 New
NL
81
NWAM LLC
Washington
$162K -$6.5K -895 -5%
BCM
82
Bayesian Capital Management
New York
$158K +$28.8K +3,971 +28%
SEI Investments
83
SEI Investments
Pennsylvania
$152K -$15.2K -2,091 -12%
QT
84
Quantbot Technologies
New York
$141K +$119K +16,429 New
SO
85
STRS Ohio
Ohio
$136K +$19.6K +2,700 +20%
State Board of Administration of Florida Retirement System
86
State Board of Administration of Florida Retirement System
Florida
$131K +$111K +15,257 New
TRCT
87
Tower Research Capital (TRC)
New York
$129K -$171K -23,561 -61%
ZCM
88
Zebra Capital Management
Connecticut
$128K -$58.3K -8,028 -35%
EMFAT
89
Emerald Mutual Fund Advisers Trust
Pennsylvania
$124K +$105K +14,460 New
Millennium Management
90
Millennium Management
New York
$123K -$4.51M -620,481 -98%
QI
91
QS Investors
New York
$96K – – –
LSV Asset Management
92
LSV Asset Management
Illinois
$95K – – –
US Bancorp
93
US Bancorp
Minnesota
$91K +$32.6K +4,483 +73%
ASRS
94
Arizona State Retirement System
Arizona
$89K +$487 +67 +0.7%
PAM
95
Panagora Asset Management
Massachusetts
$81K +$11.9K +1,644 +21%
Zurich Cantonal Bank
96
Zurich Cantonal Bank
Switzerland
$80K – – –
Legal & General Group
97
Legal & General Group
United Kingdom
$78K +$9.86K +1,358 +18%
Lazard Asset Management
98
Lazard Asset Management
New York
$47K +$17.2K +2,374 +76%
AIP
99
Ameritas Investment Partners
Nebraska
$46K +$7.5K +1,033 +24%
BNP Paribas Financial Markets
100
BNP Paribas Financial Markets
France
$41.1K -$96K -13,213 -73%
2 3
4
5 6

TRTX Hedge Fund Activity: Q2 2020 in Review

120 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q2 2020, worth a combined $388M — up 57% from $247M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of TRTX and 18 opened new positions — a net loss of 20 holders — while 44 trimmed existing stakes and 46 added.

The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $34.5M. The largest seller was IEQ Capital, cutting an estimated $21.4M.

  • 120 institutional investors held TPG RE Finance Trust (TRTX) as of Q2 2020, down from 140 in Q1 2020.
  • Funds reported $388M of TPG RE Finance Trust stock for Q2 2020, up 57% quarter-over-quarter.
  • 18 funds opened new TPG RE Finance Trust positions in Q2 2020 and 38 closed out, a net change of -20 holders.
  • The largest TPG RE Finance Trust buyer in Q2 2020 was HG Vora Capital Management, an estimated $34.5M added.
  • The largest TPG RE Finance Trust seller in Q2 2020 was IEQ Capital, an estimated $21.4M sold.

Based on aggregated 13F filings for Q2 2020.