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TRTX

TPG RE Finance Trust
TRTX

116 hedge funds and large institutions have $290M invested in TPG RE Finance Trust in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 48 increasing their positions, 37 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more call options, than puts

Call options by funds: $428K | Put options by funds: $158K

30% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.22% less ownership

Funds ownership: 57.62% → 57.4% (-0.22%)

4% less capital invested

Capital invested by funds: $302M → $290M (-$11.3M)

3% less funds holding

Funds holding: 119 → 116 (-3)

12% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 17

Holders
116
Holders Change
-3
Holders Change %
-2.52%
% of All Funds
1.69%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
15
Increased
48
Reduced
37
Closed
17
Calls
$428K
Puts
$158K
Net Calls
+$270K
Net Calls Change
+$120K

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$3.13M
2
BlackRock
BlackRock
New York
+$2.35M
3
Morgan Stanley
Morgan Stanley
New York
+$2.1M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.89M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.52M

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$7.75M
2
TG
TCW Group
California
-$3.22M
3
NSLI
Nan Shan Life Insurance
Taiwan
-$2.8M
4
Goldman Sachs
Goldman Sachs
New York
-$1.61M
5
Millennium Management
Millennium Management
New York
-$1.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
TGA
1
TPG GP A
Texas
$46.1M – – –
BlackRock
2
BlackRock
New York
$38.5M +$2.35M +389,371 +7%
Vanguard Group
3
Vanguard Group
Pennsylvania
$30.6M -$7.75M -1,284,634 -21%
Goldman Sachs
4
Goldman Sachs
New York
$19.4M -$1.61M -267,146 -8%
NSLI
5
Nan Shan Life Insurance
Taiwan
$18.5M -$2.8M -464,654 -14%
Invesco
6
Invesco
Georgia
$16.2M +$3.13M +518,016 +26%
Citigroup
7
Citigroup
New York
$12.5M +$422K +69,978 +4%
State Street
8
State Street
Massachusetts
$10.3M +$34K +5,636 +0.4%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$9.37M +$424K +70,231 +5%
Charles Schwab
10
Charles Schwab
California
$8M +$652K +108,106 +10%
Hotchkis & Wiley Capital Management
11
Hotchkis & Wiley Capital Management
California
$5.91M +$737K +122,080 +16%
Mirae Asset Global Investments
12
Mirae Asset Global Investments
South Korea
$5.57M -$476K -78,858 -8%
BHCM
13
Brevan Howard Capital Management
Jersey
$4.58M – – –
GC
14
Gratia Capital
California
$4.54M -$51.9K -8,605 -1%
Northern Trust
15
Northern Trust
Illinois
$4.09M +$47.3K +7,831 +1%
Morgan Stanley
16
Morgan Stanley
New York
$3.73M +$2.1M +348,280 +155%
RVPG
17
Relative Value Partners Group
$3.55M -$1.12M -185,834 -25%
Bank of America
18
Bank of America
North Carolina
$3.29M -$341K -56,446 -10%
Two Sigma Investments
19
Two Sigma Investments
New York
$2.69M +$1.52M +251,711 +156%
Allianz Asset Management
20
Allianz Asset Management
Germany
$2.25M – – –
Millennium Management
21
Millennium Management
New York
$2.25M -$1.44M -237,990 -41%
JP Morgan Chase
22
JP Morgan Chase
New York
$2.22M +$1.46M +241,846 +241%
Two Sigma Advisers
23
Two Sigma Advisers
New York
$2.2M +$1.27M +210,200 +165%
Barclays
24
Barclays
United Kingdom
$2.13M +$919K +152,317 +87%
AI
25
AXS Investments
New York
$2.12M -$76.5K -12,684 -4%
1
2 3 4 5

TRTX Hedge Fund Activity: Q4 2023 in Review

116 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q4 2023, worth a combined $290M — down 3.8% from $302M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of TRTX and 15 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 48 added.

The largest buyer was Invesco, adding an estimated $3.13M. The largest seller was Vanguard Group, cutting an estimated $7.75M.

  • 116 institutional investors held TPG RE Finance Trust (TRTX) as of Q4 2023, down from 119 in Q3 2023.
  • Funds reported $290M of TPG RE Finance Trust stock for Q4 2023, down 3.8% quarter-over-quarter.
  • 15 funds opened new TPG RE Finance Trust positions in Q4 2023 and 17 closed out, a net change of -2 holders.
  • The largest TPG RE Finance Trust buyer in Q4 2023 was Invesco, an estimated $3.13M added.
  • The largest TPG RE Finance Trust seller in Q4 2023 was Vanguard Group, an estimated $7.75M sold.

Based on aggregated 13F filings for Q4 2023.