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TRTX

TPG RE Finance Trust
TRTX

105 hedge funds and large institutions have $542M invested in TPG RE Finance Trust in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

595% more call options, than puts

Call options by funds: $1.18M | Put options by funds: $170K

148% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 21

82% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 11

9% more funds holding

Funds holding: 96 → 105 (+9)

0.81% less ownership

Funds ownership: 45.81% → 45% (-0.81%)

11% less capital invested

Capital invested by funds: $606M → $542M (-$63.8M)

Holders
105
Holders Change
+9
Holders Change %
+9.38%
% of All Funds
2.34%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
20
Increased
52
Reduced
21
Closed
11
Calls
$1.18M
Puts
$170K
Net Calls
+$1.01M
Net Calls Change
+$519K

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$5.58M
2
AAMU
AEGON Asset Management (UK)
United Kingdom
+$3.98M
3
APG Asset Management
APG Asset Management
Netherlands
+$2.85M
4
Millennium Management
Millennium Management
New York
+$2.84M
5
Invesco
Invesco
Georgia
+$2.55M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$32.7M
2
SG Americas Securities
SG Americas Securities
New York
-$5.82M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$4.89M
4
N
Nuveen
North Carolina
-$3.48M
5
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$3.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
TGHSA
1
TPG Group Holdings (SBS) Advisors
Texas
$119M – – –
Vanguard Group
2
Vanguard Group
Pennsylvania
$77.5M +$374K +19,098 +0.5%
BlackRock
3
BlackRock
New York
$77.2M -$32.7M -1,669,716 -28%
NSLI
4
Nan Shan Life Insurance
Taiwan
$61.9M – – –
N
5
Nuveen
North Carolina
$23.1M -$3.48M -177,891 -12%
State Street
6
State Street
Massachusetts
$14.8M +$1.2M +61,191 +8%
AAMU
7
AEGON Asset Management (UK)
United Kingdom
$10.7M +$3.98M +203,258 +53%
Bank of America
8
Bank of America
North Carolina
$10.7M +$5.58M +285,006 +95%
ClearBridge Investments
9
ClearBridge Investments
New York
$9.5M -$350K -17,890 -3%
HS
10
Hazelview Securities
Ontario, Canada
$8.89M +$1.16M +59,443 +14%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$8.25M +$552K +28,183 +7%
Northern Trust
12
Northern Trust
Illinois
$7.75M +$33.9K +1,730 +0.4%
Renaissance Technologies
13
Renaissance Technologies
New York
$7.44M -$2.68M -137,000 -25%
Invesco
14
Invesco
Georgia
$7.2M +$2.55M +130,338 +50%
LCM
15
LDR Capital Management
New York
$5.75M +$1.19M +60,736 +24%
RA
16
Resource America
New York
$5.67M +$1.81M +92,337 +42%
D.E. Shaw & Co
17
D.E. Shaw & Co
New York
$4.86M +$2.2M +112,583 +73%
Millennium Management
18
Millennium Management
New York
$4.58M +$2.84M +145,195 +138%
JMPWA
19
JP Morgan Private Wealth Advisors
California
$4.55M +$323K +16,518 +7%
Charles Schwab
20
Charles Schwab
California
$3.98M -$14.5K -739 -0.3%
Alyeska Investment Group
21
Alyeska Investment Group
Illinois
$3.66M +$1.89M +96,600 +93%
Morgan Stanley
22
Morgan Stanley
New York
$3.29M +$1.25M +63,918 +55%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$3.08M +$172K +8,773 +5%
APG Asset Management
24
APG Asset Management
Netherlands
$3.07M +$2.85M +145,800 +314%
MAM
25
Martingale Asset Management
Massachusetts
$2.91M +$961K +49,100 +45%
1
2 3 4 5

TRTX Hedge Fund Activity: Q4 2018 in Review

105 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q4 2018, worth a combined $542M — down 11% from $606M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new TRTX positions and 11 closed out — a net gain of 9 holders — while 52 added to existing stakes and 21 trimmed.

The largest buyer was Bank of America, adding an estimated $5.58M. The largest seller was BlackRock, cutting an estimated $32.7M.

  • 105 institutional investors held TPG RE Finance Trust (TRTX) as of Q4 2018, up from 96 in Q3 2018.
  • Funds reported $542M of TPG RE Finance Trust stock for Q4 2018, down 11% quarter-over-quarter.
  • 20 funds opened new TPG RE Finance Trust positions in Q4 2018 and 11 closed out, a net change of +9 holders.
  • The largest TPG RE Finance Trust buyer in Q4 2018 was Bank of America, an estimated $5.58M added.
  • The largest TPG RE Finance Trust seller in Q4 2018 was BlackRock, an estimated $32.7M sold.

Based on aggregated 13F filings for Q4 2018.