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TPG RE Finance Trust, Inc.

TRTX
Exchange
NYSE
Industry
Real Estate Investment Trusts
SEC CIK
0001630472

No open-market purchases or sales by TPG RE Finance Trust, Inc. insiders were filed in the last 90 days; 154 institutions reported holding it in 13F filings for Q2 2026, worth $489.1M in total; no superinvestor holds it.

Other share classesTRTX.PC

13F holders, Q4 2024

Institutional positions in TPG RE Finance Trust, Inc. as of Dec 31, 2024. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
154
+7 vs. Q3 2024
Shares held
64.5M
+10.2M (+18.9%) vs. Q3 2024
Total value
$548.5M
+$85.5M (+18.5%) vs. Q3 2024
New holders
26
64 more added
Sold out
19
41 more reduced

3 institutions that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TRTX on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2024: 154 institutions
Q1 2021: 106 institutionsQ2 2021: 106 institutionsQ3 2021: 109 institutionsQ4 2021: 118 institutionsQ1 2022: 127 institutionsQ2 2022: 128 institutionsQ3 2022: 132 institutionsQ4 2022: 116 institutionsQ1 2023: 109 institutionsQ2 2023: 111 institutionsQ3 2023: 119 institutionsQ4 2023: 116 institutionsQ1 2024: 124 institutionsQ2 2024: 134 institutionsQ3 2024: 150 institutionsQ4 2024: 154 institutionsQ1 2025: 148 institutionsQ2 2025: 139 institutionsQ3 2025: 140 institutionsQ4 2025: 154 institutionsQ1 2026: 157 institutionsQ2 2026: 154 institutions
Value heldQ4 2024: $548.5M
Q1 2021: $463.7MQ2 2021: $541.2MQ3 2021: $522.1MQ4 2021: $517.5MQ1 2022: $514.8MQ2 2022: $399.2MQ3 2022: $309.1MQ4 2022: $302.3MQ1 2023: $319.5MQ2 2023: $329.8MQ3 2023: $301.8MQ4 2023: $288.6MQ1 2024: $347.1MQ2 2024: $392.8MQ3 2024: $463.6MQ4 2024: $548.5MQ1 2025: $513.6MQ2 2025: $479.8MQ3 2025: $500.5MQ4 2025: $511.3MQ1 2026: $452.0MQ2 2026: $489.1M
Institutions holding TRTX and their total value by quarter
QuarterHoldersValue
Q2 2026154$489.1M
Q1 2026157$452.0M
Q4 2025154$511.3M
Q3 2025140$500.5M
Q2 2025139$479.8M
Q1 2025148$513.6M
Q4 2024154$548.5M
Q3 2024150$463.6M
Q2 2024134$392.8M
Q1 2024124$347.1M
Q4 2023116$288.6M
Q3 2023119$301.8M
Q2 2023111$329.8M
Q1 2023109$319.5M
Q4 2022116$302.3M
Q3 2022132$309.1M
Q2 2022128$399.2M
Q1 2022127$514.8M
Q4 2021118$517.5M
Q3 2021109$522.1M
Q2 2021106$541.2M
Q1 2021106$463.7M

Institutions, Q4 2024

Shares, value and share of portfolio for each institution holding TPG RE Finance Trust, Inc.; share changes are against Q3 2024.

Institutions holding TRTX in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Long Pond Capital, LP7,303,626$62.1M3.28%+3,938,800+117.1%Added
TPG GP A, LLC7,086,779$60.2M0.97%00.0%Unchanged
BlackRock, Inc.5,978,687$50.8M0.00%−51,560−0.9%Reduced
Vanguard Group Inc4,939,620$42.0M0.00%+63,529+1.3%Added
Morgan Stanley3,770,568$32.0M0.00%+333,346+9.7%Added
Goldman Sachs Group Inc3,738,739$31.8M0.01%+2,133,164+132.9%Added
Nan Shan Life Insurance Co., Ltd.2,853,485$24.3M0.58%00.0%Unchanged
Citigroup Inc1,907,182$16.2M0.02%+5,441+0.3%Added
State Street Corp1,683,260$14.7M0.00%+148,185+9.7%Added
Two Sigma Advisers, LP1,585,600$13.5M0.03%+303,100+23.6%Added
Geode Capital Management, LLC1,464,001$12.4M0.00%+7,118+0.5%Added
Gratia Capital, LLC1,192,777$10.1M11.86%−310,473−20.7%Reduced
Millennium Management LLC1,053,474$8.95M0.01%+68,116+6.9%Added
Arrowstreet Capital, Limited Partnership1,019,924$8.67M0.01%+485,690+90.9%Added
Two Sigma Investments, LP1,015,597$8.63M0.02%+154,401+17.9%Added
JPMorgan Chase & Co776,262$6.60M0.00%−91,965−10.6%Reduced
Charles Schwab Investment Management Inc737,075$6.27M0.00%−208,498−22.0%Reduced
UBS Group AG704,376$5.99M0.00%+316,538+81.6%Added
Wellington Management Group LLP703,900$5.98M0.00%+703,900New
Qube Research & Technologies Ltd698,103$5.93M0.01%+363,150+108.4%Added
Van Eck Associates Corp657,384$5.59M0.01%+657,384New
Acadian Asset Management LLC649,523$5.52M0.02%+75,129+13.1%Added
Northern Trust Corp629,451$5.35M0.00%+84,652+15.5%Added
Solel Partners LP599,666$5.10M1.00%+599,666New
Renaissance Technologies LLC570,699$4.85M0.01%+211,205+58.8%Added
Condor Capital Management438,548$3.73M0.33%+163,934+59.7%Added
Bank of America Corp426,174$3.62M0.00%+140,507+49.2%Added
Cercano Management LLC401,607$3.41M0.09%00.0%Unchanged
D. E. Shaw & Co., Inc.389,905$3.31M0.00%+126,482+48.0%Added
FMR LLC353,095$3.00M0.00%+93,886+36.2%Added
Barclays PLC341,721$2.90M0.00%+169,003+97.8%Added
SEI Investments Co294,462$2.50M0.00%−93,227−24.0%Reduced
Teacher Retirement System of Texas293,525$2.50M0.01%+86,337+41.7%Added
Invesco Ltd.285,833$2.43M0.00%−1,214,542−80.9%Reduced
Tudor Investment Corp Et Al283,014$2.41M0.03%+66,667+30.8%Added
Citadel Advisors LLC277,171$2.36M0.00%+40,658+17.2%Added
Segall Bryant & Hamill, LLC272,539$2.32M0.03%+777+0.3%Added
Wolverine Asset Management LLC269,092$2.29M0.04%+269,092New
Kovitz Investment Group Partners, LLC267,910$2.28M0.01%−4,961−1.8%Reduced
Cubist Systematic Strategies, LLC266,260$2.26M0.04%−190,413−41.7%Reduced
Marshall Wace, LLP251,525$2.14M0.00%+73,809+41.5%Added
AXS Investments LLC221,331$1.88M0.52%+221,331New
Nokomis Capital, L.L.C.204,673$1.74M0.80%+30,000+17.2%Added
Wolverine Trading, LLC203,124$1.69M0.04%+123,882+156.3%Added
Algert Global LLC193,844$1.65M0.04%−113−0.1%Reduced
UBS Asset Management Americas Inc193,214$1.64M0.00%+37,282+23.9%Added
Gsa Capital Partners LLP190,750$1.62M0.12%−15,328−7.4%Reduced
Bank of New York Mellon Corp181,368$1.54M0.00%+4,468+2.5%Added
Prudential Financial Inc179,520$1.53M0.00%+179,520New
FJ Capital Management LLC173,812$1.48M0.17%+129,902+295.8%Added
Brevan Howard Capital Management LP165,918$1.41M0.03%00.0%Unchanged
Nuveen Asset Management, LLC162,093$1.38M0.00%−12,910−7.4%Reduced
HRT Financial LP160,940$1.37M0.01%+160,940New
Franklin Resources Inc155,190$1.32M0.00%−1,254−0.8%Reduced
Los Angeles Capital Management LLC132,222$1.12M0.00%−22,500−14.5%Reduced
Deutsche Bank AG130,903$1.11M0.00%+69,895+114.6%Added
ExodusPoint Capital Management, LP127,418$1.08M0.01%+55,666+77.6%Added
Campbell & CO Investment Adviser LLC122,670$1.04M0.08%+17,678+16.8%Added
Clear Street Markets LLC113,100$961.4K0.36%+113,100New
Swiss National Bank111,400$946.9K0.00%−6,100−5.2%Reduced
Connor, Clark & Lunn Investment Management Ltd.108,585$923.0K0.00%−40,739−27.3%Reduced
Golden State Equity Partners105,045$892.9K0.17%−22,206−17.5%Reduced
Penserra Capital Management LLC104,012$884.0K0.02%−12,614−10.8%Reduced
Magnetar Financial LLC95,054$808.0K0.02%+23,711+33.2%Added
Rhumbline Advisers94,973$807.3K0.00%−494−0.5%Reduced
Graham Capital Management, L.P.84,586$719.0K0.02%+46,937+124.7%Added
Thrivent Financial for Lutherans78,961$672.0K0.00%+78,961New
Price T Rowe Associates Inc78,716$670.0K0.00%+4,007+5.4%Added
Cerity Partners LLC71,828$610.9K0.00%+2,837+4.1%Added
Nebula Research & Development LLC70,487$599.1K0.07%+11,455+19.4%Added
Caxton Associates LP70,187$596.6K0.02%+70,187New
Raymond James Financial Inc64,441$547.8K0.00%+64,441New
Voya Investment Management LLC64,401$547.4K0.00%+2,417+3.9%Added
State of Wisconsin Investment Board64,007$544.1K0.00%−16,200−20.2%Reduced
Alliancebernstein L.P.63,410$539.0K0.00%−12,320−16.3%Reduced
State Board of Administration of Florida Retirement System61,936$526.5K0.00%+42,209+214.0%Added
Caption Management, LLC60,874$517.4K0.02%−6,514−9.7%Reduced
Mackenzie Financial Corp59,011$501.6K0.00%+44,222+299.0%Added
Legal & General Group Plc57,095$485.3K0.00%+11,919+26.4%Added
Royal Bank of Canada56,199$478.0K0.00%+6,780+13.7%Added
Susquehanna International Group, LLP55,644$473.0K0.00%−40,825−42.3%Reduced
FNY Investment Advisers, LLC55,600$472.0K0.25%+55,600New
Engineers Gate Manager LP55,428$471.1K0.01%−314−0.6%Reduced
HSBC Holdings PLC55,120$469.6K0.00%+10,964+24.8%Added
PharVision Advisers, LLC54,131$460.1K0.39%+54,131New
California State Teachers Retirement System53,137$451.7K0.00%−3,764−6.6%Reduced
Y-Intercept (Hong Kong) Ltd50,641$430.4K0.03%−89,070−63.8%Reduced
State of Wyoming48,955$416.1K0.05%+1,374+2.9%Added
Verition Fund Management LLC46,900$398.6K0.00%−865−1.8%Reduced
Sterling Capital Management LLC45,021$382.7K0.01%+44,820+22,298.5%Added
Summit Global Investments43,045$366.0K0.02%−25,551−37.2%Reduced
Simplex Trading, LLC41,948$356.0K0.01%+25,159+149.9%Added
Fox Run Management, L.L.C.41,543$353.1K0.06%+9,424+29.3%Added
TCW Group Inc38,376$326.2K0.00%−2,494−6.1%Reduced
Wells Fargo & Company37,762$321.0K0.00%+7,825+26.1%Added
Alpine Global Management, LLC37,261$316.7K0.09%+37,261New
Tower Research Capital LLC (TRC)36,961$314.2K0.01%+24,245+190.7%Added
MetLife Investment Management34,322$291.7K0.00%+2,490+7.8%Added
Mirae Asset Global ETFs Holdings Ltd.34,101$289.9K0.00%+2,478+7.8%Added
SG Americas Securities, LLC30,596$260.0K0.00%+4,944+19.3%Added