TPG RE Finance Trust
TRTX
154 hedge funds and large institutions have $511M invested in TPG RE Finance Trust in 2025 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 57 increasing their positions, 44 reducing their positions, and 11 closing their positions.
3,670% more call options, than puts
Call options by funds: $41.6M | Put options by funds: $1.1M
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
30% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 44
10% more funds holding
Funds holding: 140 → 154 (+14)
1.49% more ownership
Funds ownership: 74.33% → 75.82% (+1.5%)
2% more capital invested
Capital invested by funds: $500M → $511M (+$10.9M)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$4.08M |
| 2 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
+$3.74M |
| 3 |
Millennium Management
New York
|
+$3.06M |
| 4 |
Jane Street
New York
|
+$2.96M |
| 5 |
BlackRock
New York
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$17.3M |
| 2 |
Goldman Sachs
New York
|
-$5.33M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$3.28M |
| 4 |
CAU
Caxton Associates (UK)
London,
|
-$1.3M |
| 5 |
SSG
Summit Securities Group
New York
|
-$1.28M |
TRTX Hedge Fund Activity: Q4 2025 in Review
154 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q4 2025, worth a combined $511M — up 2.2% from $500M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TRTX positions and 11 closed out — a net gain of 16 holders — while 57 added to existing stakes and 44 trimmed.
The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $4.08M. The largest seller was Morgan Stanley, cutting an estimated $17.3M.
- 154 institutional investors held TPG RE Finance Trust (TRTX) as of Q4 2025, up from 140 in Q3 2025.
- Funds reported $511M of TPG RE Finance Trust stock for Q4 2025, up 2.2% quarter-over-quarter.
- 27 funds opened new TPG RE Finance Trust positions in Q4 2025 and 11 closed out, a net change of +16 holders.
- The largest TPG RE Finance Trust buyer in Q4 2025 was Focus Partners Wealth, an estimated $4.08M added.
- The largest TPG RE Finance Trust seller in Q4 2025 was Morgan Stanley, an estimated $17.3M sold.
Based on aggregated 13F filings for Q4 2025.