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TRTX

TPG RE Finance Trust
TRTX

68 hedge funds and large institutions have $476M invested in TPG RE Finance Trust in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 30 increasing their positions, 9 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 9

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

30% more capital invested

Capital invested by funds: $366M → $476M (+$110M)

17% more funds holding

Funds holding: 58 → 68 (+10)

8.67% more ownership

Funds ownership: 32.2% → 40.88% (+8.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
68
Holders Change
+10
Holders Change %
+17.24%
% of All Funds
1.56%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
30
Reduced
9
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$88M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$39.2M
3
State Street
State Street
Massachusetts
+$5.79M
4
Two Sigma Investments
Two Sigma Investments
New York
+$4.14M
5
Goldman Sachs
Goldman Sachs
New York
+$2.82M

Top Sellers

Rank Fund Capital Flow
1
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$19.4M
2
ZP
Zimmer Partners
New York
-$16.8M
3
NIMC
NWQ Investment Management Company
California
-$12.8M
4
N
Nuveen
North Carolina
-$6.83M
5
SSA
Schonfeld Strategic Advisors
New York
-$2.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
TGHSA
1
TPG Group Holdings (SBS) Advisors
Texas
$129M – – –
BlackRock
2
BlackRock
New York
$107M +$88M +4,610,851 +607%
NSLI
3
Nan Shan Life Insurance
Taiwan
$67.3M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$60.5M +$39.2M +2,055,064 +208%
N
5
Nuveen
North Carolina
$20.3M -$6.83M -357,566 -26%
ICM
6
Indaba Capital Management
California
$13.3M – – –
ClearBridge Investments
7
ClearBridge Investments
New York
$11.5M -$24.6K -1,290 -0.2%
State Street
8
State Street
Massachusetts
$9.32M +$5.79M +303,540 +184%
Blackstone Inc
9
Blackstone Inc
New York
$9.01M -$536K -28,100 -6%
Two Sigma Investments
10
Two Sigma Investments
New York
$4.82M +$4.14M +216,855 +858%
Northern Trust
11
Northern Trust
Illinois
$4.1M +$1.66M +86,859 +73%
Norges Bank
12
Norges Bank
Norway
$3.98M – – –
Goldman Sachs
13
Goldman Sachs
New York
$3.47M +$2.82M +147,530 +543%
JP Morgan Chase
14
JP Morgan Chase
New York
$3.42M +$1.02M +53,404 +45%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$2.82M +$1.12M +58,625 +71%
Two Sigma Advisers
16
Two Sigma Advisers
New York
$2.34M +$2.25M +117,800 New
SSA
17
Schonfeld Strategic Advisors
New York
$1.9M -$2.6M -136,214 -59%
Deutsche Bank
18
Deutsche Bank
Germany
$1.59M +$1.04M +54,543 +213%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$1.57M +$776K +40,660 +107%
CIBC Private Wealth Group
20
CIBC Private Wealth Group
Georgia
$1.37M +$125K +6,554 +11%
JMPWA
21
JP Morgan Private Wealth Advisors
California
$1.33M +$1.03M +53,992 +420%
Swiss National Bank
22
Swiss National Bank
Switzerland
$1.24M +$796K +41,700 +203%
Charles Schwab
23
Charles Schwab
California
$1.21M +$256K +13,404 +28%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$1.12M +$1.07M +56,165 New
Morgan Stanley
25
Morgan Stanley
New York
$964K +$417K +21,831 +82%
1
2 3 4

TRTX Hedge Fund Activity: Q1 2018 in Review

68 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q1 2018, worth a combined $476M — up 30% from $366M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new TRTX positions and 11 closed out — a net gain of 11 holders — while 30 added to existing stakes and 9 trimmed.

The largest buyer was BlackRock, adding an estimated $88M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $19.4M sold.

  • 68 institutional investors held TPG RE Finance Trust (TRTX) as of Q1 2018, up from 58 in Q4 2017.
  • Funds reported $476M of TPG RE Finance Trust stock for Q1 2018, up 30% quarter-over-quarter.
  • 22 funds opened new TPG RE Finance Trust positions in Q1 2018 and 11 closed out, a net change of +11 holders.
  • The largest TPG RE Finance Trust buyer in Q1 2018 was BlackRock, an estimated $88M added.
  • The largest TPG RE Finance Trust seller in Q1 2018 was Alyeska Investment Group, an estimated $19.4M sold.

Based on aggregated 13F filings for Q1 2018.