TPG RE Finance Trust
TRTX
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.
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: 2 → 3 (+1)
0.03% more ownership
Funds ownership: 77.74% → 77.77% (+0.03%)
6% less funds holding
Funds holding: 148 → 139 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$5.31M |
| 2 |
GC
Gratia Capital
Los Angeles,
California
|
+$4.33M |
| 3 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
+$3.94M |
| 4 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
+$2.79M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.6M |
| 2 |
Citigroup
New York
|
-$4.42M |
| 3 |
Millennium Management
New York
|
-$2.47M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$1.77M |
| 5 |
Two Sigma Investments
New York
|
-$1.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
151
Evergreen Capital Management
Bellevue,
Washington
| – | -$88.6K | -10,566 | Closed |
|
|
FRM
152
Fox Run Management
Greenwich,
Connecticut
| – | -$81.8K | -10,043 | Closed |
|
|
QL
153
Quarry LP
New York
| – | -$15.1K | -1,852 | Closed |
|
|
QCG
154
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$3.24K | -397 | Closed |
|
|
CCM
155
Coldstream Capital Management
Bellevue,
Washington
| – | -$2.54K | -312 | Closed |
|
156
US Bancorp
Minneapolis,
Minnesota
| – | -$2.05K | -252 | Closed |
|
|
CPG
157
Cornerstone Planning Group
Fairfield,
New Jersey
| – | -$512 | -70 | Closed |
|
|
CA
158
CoreCap Advisors
Southfield,
Michigan
| – | -$465 | -57 | Closed |
|
|
SC
159
Stephens Consulting
Flint,
Michigan
| – | -$367 | -45 | Closed |
|
|
TWD
160
True Wealth Design
Akron,
Ohio
| – | -$147 | -18 | Closed |
|
|
FFO
161
Fortitude Family Office
Scottsdale,
Arizona
| – | -$24 | -3 | 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.