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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
CAL
126
Capital Advisors Ltd
Ohio
$2K +$92 +12 +6%
Russell Investments Group
127
Russell Investments Group
United Kingdom
$1.8K +$1.24K +163 +233%
LFG
128
Larson Financial Group
Missouri
$1.27K +$1.26K +165 New
Osaic Holdings
129
Osaic Holdings
Arizona
$1.16K
C
130
Covestor
United Kingdom
$1K +$961 +126 New
GIM
131
Glenmede Investment Management
Pennsylvania
$826 +$816 +107 New
AF
132
Allworth Financial
California
$556 +$381 +50 +227%
PFBT
133
Parkside Financial Bank & Trust
Missouri
$510 +$46 +6 +10%
GI
134
GAMMA Investing
California
$154 -$305 -40 -67%
EP
135
Essential Partners
California
$154 +$153 +20 New
HFS
136
Hughes Financial Services
Virginia
$79 +$23 +3 +50%
FFA
137
Farther Finance Advisors
California
$39
A
138
AlphaQuest
New York
$8 -$65.3K -8,566 -100%
WAM
139
Wolverine Asset Management
Illinois
-$1.59M -194,733 Closed
FCM
140
FJ Capital Management
Virginia
-$1.55M -190,510 Closed
YIH
141
Y-Intercept (HK)
Hong Kong
-$998K -122,486 Closed
CCIA
142
Campbell & Co Investment Adviser
Maryland
-$695K -85,276 Closed
Los Angeles Capital Management
143
Los Angeles Capital Management
California
-$684K -83,900 Closed
Acadian Asset Management
144
Acadian Asset Management
Massachusetts
-$634K -77,893 Closed
Citadel Advisors
145
Citadel Advisors
Florida
-$531K -69,693 Closed
PCM
146
Polymer Capital Management
New York
-$427K -52,332 Closed
DFCM
147
Dark Forest Capital Management
Puerto Rico
-$373K -45,753 Closed
GCM
148
Greenland Capital Management
New York
-$367K -45,000 Closed
CF
149
Corebridge Financial
Texas
-$238K -29,219 Closed
CWM
150
CIBC World Markets
New York
-$108K -13,234 Closed

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.