TPG RE Finance Trust
TRTX
140 hedge funds and large institutions have $247M invested in TPG RE Finance Trust in 2020 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 68 increasing their positions, 29 reducing their positions, and 42 closing their positions.
276% more call options, than puts
Call options by funds: $832K | Put options by funds: $221K
134% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 29
2.95% less ownership
Funds ownership: 62.12% → 59.17% (-2.9%)
10% less funds holding
Funds holding: 156 → 140 (-16)
33% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 42
73% less capital invested
Capital invested by funds: $920M → $247M (-$674M)
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$18.3M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$12.3M |
| 3 |
Goldman Sachs
New York
|
+$10.1M |
| 4 |
JP Morgan Chase
New York
|
+$9.3M |
| 5 |
Renaissance Technologies
New York
|
+$8.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$18.5M |
| 2 |
EW
Evoke Wealth
Los Angeles,
California
|
-$13.1M |
| 3 |
IC
IEQ Capital
Foster City,
California
|
-$12.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$11.5M |
| 5 |
ClearBridge Investments
New York
|
-$10.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
S
176
SignatureFD
Atlanta,
Georgia
| – | -$2K | -96 | Closed |
|
177
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -29 | Closed |
|
|
PFGIA
178
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | +$155 | +9 | +113% |
|
|
ASN
179
Advisory Services Network
Atlanta,
Georgia
| – | +$691 | +40 | New |
|
TRTX Hedge Fund Activity: Q1 2020 in Review
140 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q1 2020, worth a combined $247M — down 73% from $920M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of TRTX and 28 opened new positions — a net loss of 14 holders — while 29 trimmed existing stakes and 68 added.
The largest buyer was Mirae Asset Global Investments, adding an estimated $18.3M. The largest seller was UBS Group, cutting an estimated $18.5M.
- 140 institutional investors held TPG RE Finance Trust (TRTX) as of Q1 2020, down from 156 in Q4 2019.
- Funds reported $247M of TPG RE Finance Trust stock for Q1 2020, down 73% quarter-over-quarter.
- 28 funds opened new TPG RE Finance Trust positions in Q1 2020 and 42 closed out, a net change of -14 holders.
- The largest TPG RE Finance Trust buyer in Q1 2020 was Mirae Asset Global Investments, an estimated $18.3M added.
- The largest TPG RE Finance Trust seller in Q1 2020 was UBS Group, an estimated $18.5M sold.
Based on aggregated 13F filings for Q1 2020.