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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
Millennium Management
76
Millennium Management
New York
$314K -$2.47M -323,842 -89%
HSBC Holdings
77
HSBC Holdings
United Kingdom
$312K +$33K +4,333 +12%
SOW
78
State of Wyoming
Wyoming
$291K -$216K -28,345 -43%
Verition Fund Management
79
Verition Fund Management
Connecticut
$288K +$285K +37,345 New
IIM
80
INTECH Investment Management
Florida
$230K -$64K -8,388 -22%
CC
81
Centiva Capital
New York
$214K -$49.2K -6,446 -19%
BHCM
82
Brevan Howard Capital Management
Jersey
$207K -$1.06M -139,098 -84%
VA
83
Vident Advisory
Georgia
$198K +$85.2K +11,166 +77%
Manulife (Manufacturers Life Insurance)
84
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$187K +$22.8K +2,985 +14%
Janus Henderson Group
85
Janus Henderson Group
United Kingdom
$173K
MWM
86
Modern Wealth Management
Kansas
$161K +$159K +20,855 New
ASRS
87
Arizona State Retirement System
Arizona
$154K +$1.59K +209 +1%
Prudential Financial
88
Prudential Financial
New Jersey
$147K -$1.21M -158,465 -89%
Squarepoint
89
Squarepoint
New York
$141K -$75.1K -9,849 -35%
Mariner
90
Mariner
Kansas
$135K -$1.56K -204 -1%
KK
91
KLP Kapitalforvaltning
Norway
$118K +$48K +6,300 +73%
Zurich Cantonal Bank
92
Zurich Cantonal Bank
Switzerland
$117K
Nisa Investment Advisors
93
Nisa Investment Advisors
Missouri
$113K -$36.9K -4,838 -26%
Jane Street
94
Jane Street
New York
$113K -$115K -15,075 -51%
Canada Life
95
Canada Life
Manitoba, Canada
$111K +$87.6K +11,481 +396%
GCM
96
Graham Capital Management
Connecticut
$109K -$442K -58,010 -80%
ProShare Advisors
97
ProShare Advisors
Maryland
$109K +$8.72K +1,144 +9%
PFSRSONJ
98
Police & Firemen's Retirement System of New Jersey
New Jersey
$106K
New York State Common Retirement Fund
99
New York State Common Retirement Fund
New York
$104K
SO
100
STRS Ohio
Ohio
$99.6K +$16.8K +2,200 +21%

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.