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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, Q2 2025

Institutional positions in TPG RE Finance Trust, Inc. as of Jun 30, 2025. 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
139
−8 vs. Q1 2025
Shares held
62.1M
−866.5K (−1.4%) vs. Q1 2025
Total value
$479.8M
−$33.8M (−6.6%) vs. Q1 2025
New holders
15
64 more added
Sold out
23
41 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 139 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 heldQ2 2025: $479.8M
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, Q2 2025

Shares, value and share of portfolio for each institution holding TPG RE Finance Trust, Inc.; share changes are against Q1 2025.

Institutions holding TRTX in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
AXS Investments LLC199,778$1.54M0.63%+2,764+1.4%Added
Invesco Ltd.204,447$1.58M0.00%−40,053−16.4%Reduced
Bank of America Corp223,979$1.73M0.00%−94,329−29.6%Reduced
Bracebridge Capital, LLC231,000$1.78M0.95%+87,900+61.4%Added
Segall Bryant & Hamill, LLC242,301$1.87M0.03%−28,939−10.7%Reduced
UBS Asset Management Americas Inc259,500$2.00M0.00%+66,286+34.3%Added
Norges Bank312,200$2.41M0.00%+312,200New
Kovitz Investment Group Partners, LLC340,975$2.63M0.01%+72,599+27.1%Added
Nokomis Capital, L.L.C.359,574$2.78M1.16%+43,703+13.8%Added
Renaissance Technologies LLC360,099$2.78M0.00%−149,900−29.4%Reduced
FMR LLC361,992$2.79M0.00%−65,601−15.3%Reduced
Cercano Management LLC401,607$3.10M0.09%00.0%Unchanged
Dimension Capital Management LLC459,723$3.55M0.56%+365,971+390.4%Added
Q Global Advisors, LLC516,832$3.99M3.36%+516,832New
Van Eck Associates Corp528,397$4.08M0.00%−6,971−1.3%Reduced
UBS Group AG535,327$4.13M0.00%+199,849+59.6%Added
JPMorgan Chase & Co595,330$4.60M0.00%−171,017−22.3%Reduced
Condor Capital Management620,539$4.79M0.42%+156,309+33.7%Added
Qube Research & Technologies Ltd624,027$4.82M0.01%−232,412−27.1%Reduced
Northern Trust Corp673,963$5.20M0.00%+53,013+8.5%Added
Wellington Management Group LLP705,947$5.45M0.00%−39,472−5.3%Reduced
Arrowstreet Capital, Limited Partnership707,362$5.46M0.00%−69,964−9.0%Reduced
Two Sigma Investments, LP720,109$5.56M0.01%−213,924−22.9%Reduced
Charles Schwab Investment Management Inc812,483$6.27M0.00%+159,892+24.5%Added
Solel Partners LP873,686$6.74M1.17%00.0%Unchanged
Balyasny Asset Management LLC980,198$7.57M0.02%+695,728+244.6%Added
Two Sigma Advisers, LP1,313,800$10.1M0.02%−212,400−13.9%Reduced
Citigroup Inc1,323,247$10.2M0.01%−580,243−30.5%Reduced
Mirae Asset Global ETFs Holdings Ltd.1,454,008$11.2M0.02%+129,651+9.8%Added
Geode Capital Management, LLC1,639,667$12.7M0.00%+115,707+7.6%Added
State Street Corp1,642,762$13.1M0.00%+55,813+3.5%Added
Gratia Capital, LLC2,664,589$20.6M22.40%+567,733+27.1%Added
Nan Shan Life Insurance Co., Ltd.2,821,091$21.8M0.48%−32,394−1.1%Reduced
Goldman Sachs Group Inc3,762,470$29.0M0.00%−168,395−4.3%Reduced
Vanguard Group Inc3,767,082$29.1M0.00%−1,258,750−25.0%Reduced
Morgan Stanley4,001,615$30.9M0.00%+4600.0%Added
BlackRock, Inc.6,182,768$47.7M0.00%+263,045+4.4%Added
TPG GP A, LLC7,086,779$54.7M2.92%00.0%Unchanged
Long Pond Capital, LP7,303,626$56.4M3.71%00.0%Unchanged
Wolverine Asset Management LLC0$00.00%−194,733−100.0%Sold out
FJ Capital Management LLC0$00.00%−190,510−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−122,486−100.0%Sold out
Campbell & CO Investment Adviser LLC0$00.00%−85,276−100.0%Sold out
Los Angeles Capital Management LLC0$00.00%−83,900−100.0%Sold out
Acadian Asset Management LLC0$00.00%−77,893−100.0%Sold out
Citadel Advisors LLC0$00.00%−69,693−100.0%Sold out
Polymer Capital Management (US) LLC0$00.00%−52,332−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−45,753−100.0%Sold out
Greenland Capital Management LP0$00.00%−45,000−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−29,219−100.0%Sold out
CIBC World Markets Corp0$00.00%−13,234−100.0%Sold out
Evergreen Capital Management LLC0$00.00%−10,566−100.0%Sold out
Fox Run Management, L.L.C.0$00.00%−10,043−100.0%Sold out
Quarry LP0$00.00%−1,852−100.0%Sold out
Quadrant Capital Group LLC0$00.00%−397−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−312−100.0%Sold out
US Bancorp0$00.00%−252−100.0%Sold out
Cornerstone Planning Group LLC0$00.00%−70−100.0%Sold out
CoreCap Advisors, LLC0$00.00%−57−100.0%Sold out
Stephens Consulting, LLC0$00.00%−45−100.0%Sold out
True Wealth Design, LLC0$00.00%−18−100.0%Sold out
Fortitude Family Office, LLC0$00.00%−3−100.0%Sold out
Glenmede Trust Co NA––––Not filed