TPG RE Finance Trust
TRTX
118 hedge funds and large institutions have $440M invested in TPG RE Finance Trust in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 49 reducing their positions, and 15 closing their positions.
15% more capital invested
Capital invested by funds: $384M → $440M (+$55.8M)
13% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 15
0% more funds holding
Funds holding: 118 → 118 (0)
5.07% less ownership
Funds ownership: 59.05% → 53.98% (-5.1%)
22% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 49
84% less call options, than puts
Call options by funds: $71K | Put options by funds: $455K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Gratia Capital
Los Angeles,
California
|
+$7.26M |
| 2 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
+$7.25M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$6.56M |
| 4 |
TG
TCW Group
Los Angeles,
California
|
+$4.94M |
| 5 |
JP Morgan Chase
New York
|
+$2.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$40.2M |
| 2 |
BCM
Brigade Capital Management
New York
|
-$7.2M |
| 3 |
Goldman Sachs
New York
|
-$5.23M |
| 4 |
HS
Hazelview Securities
Toronto,
Ontario, Canada
|
-$3.78M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAM
126
Concorde Asset Management
Ann Arbor,
Michigan
| – | -$85K | -10,089 | Closed |
|
127
Lazard Asset Management
New York
| – | -$33K | -3,940 | Closed |
|
|
ASN
128
Advisory Services Network
Atlanta,
Georgia
| – | -$15K | -1,803 | Closed |
|
|
PA
129
Parallel Advisors
San Francisco,
California
| – | -$7K | -872 | Closed |
|
|
GT
130
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$2K | -296 | Closed |
|
131
Fidelity Investments
Boston,
Massachusetts
| – | -$1.95K | -206 | -100% |
|
|
PFWA
132
Paces Ferry Wealth Advisors
Atlanta,
Georgia
| – | -$1K | -76 | Closed |
|
TRTX Hedge Fund Activity: Q4 2020 in Review
118 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q4 2020, worth a combined $440M — up 15% from $384M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new TRTX positions and 15 closed out — a net gain of 2 holders — while 38 added to existing stakes and 49 trimmed.
The largest buyer was Gratia Capital, opening a new position worth an estimated $7.26M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $40.2M sold.
- 118 institutional investors held TPG RE Finance Trust (TRTX) as of Q4 2020, unchanged from Q3 2020.
- Funds reported $440M of TPG RE Finance Trust stock for Q4 2020, up 15% quarter-over-quarter.
- 17 funds opened new TPG RE Finance Trust positions in Q4 2020 and 15 closed out, a net change of +2 holders.
- The largest TPG RE Finance Trust buyer in Q4 2020 was Gratia Capital, an estimated $7.26M added.
- The largest TPG RE Finance Trust seller in Q4 2020 was HG Vora Capital Management, an estimated $40.2M sold.
Based on aggregated 13F filings for Q4 2020.