TPG RE Finance Trust
TRTX
148 hedge funds and large institutions have $514M invested in TPG RE Finance Trust in 2025 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 41 increasing their positions, 55 reducing their positions, and 27 closing their positions.
36,283% more call options, than puts
Call options by funds: $14.9M | Put options by funds: $41K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.93% less ownership
Funds ownership: 79.67% → 77.74% (-1.9%)
4% less funds holding
Funds holding: 154 → 148 (-6)
6% less capital invested
Capital invested by funds: $548M → $514M (-$34.9M)
19% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 27
25% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$10.9M |
| 2 |
GC
Gratia Capital
Los Angeles,
California
|
+$7.65M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$2.41M |
| 4 |
SP
Solel Partners
Boston,
Massachusetts
|
+$2.32M |
| 5 |
Morgan Stanley
New York
|
+$1.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.83M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.84M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.12M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
-$2.5M |
| 5 |
D.E. Shaw & Co
New York
|
-$2.39M |
TRTX Hedge Fund Activity: Q1 2025 in Review
148 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q1 2025, worth a combined $514M — down 6.4% from $548M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of TRTX and 22 opened new positions — a net loss of 5 holders — while 55 trimmed existing stakes and 41 added.
The largest buyer was Mirae Asset Global ETFs Holdings, adding an estimated $10.9M. The largest seller was Millennium Management, cutting an estimated $5.83M.
- 148 institutional investors held TPG RE Finance Trust (TRTX) as of Q1 2025, down from 154 in Q4 2024.
- Funds reported $514M of TPG RE Finance Trust stock for Q1 2025, down 6.4% quarter-over-quarter.
- 22 funds opened new TPG RE Finance Trust positions in Q1 2025 and 27 closed out, a net change of -5 holders.
- The largest TPG RE Finance Trust buyer in Q1 2025 was Mirae Asset Global ETFs Holdings, an estimated $10.9M added.
- The largest TPG RE Finance Trust seller in Q1 2025 was Millennium Management, an estimated $5.83M sold.
Based on aggregated 13F filings for Q1 2025.