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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$34.5M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$12.8M |
| 3 |
BCM
Brigade Capital Management
New York
|
+$6.3M |
| 4 |
Goldman Sachs
New York
|
+$5.79M |
| 5 |
BlackRock
New York
|
+$3.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
IEQ Capital
Foster City,
California
|
-$21.4M |
| 2 |
Renaissance Technologies
New York
|
-$9.92M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$7.61M |
| 4 |
EW
Evoke Wealth
Los Angeles,
California
|
-$5.77M |
| 5 |
Millennium Management
New York
|
-$4.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Parallax Volatility Advisers
San Francisco,
California
| – | -$20K | -3,629 | Closed |
|
|
AS
152
Altshuler Shaham
Tel Aviv,
Israel
| – | -$12K | -2,042 | Closed |
|
153
Simplex Trading
Chicago,
Illinois
| – | -$8.08K | -1,112 | Closed |
|
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.