Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TPG RE FIN TR INC (TRTX)

154 + Investors. Track Smart Money conviction in TRTX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
3Q ▲
Buyers last Q
45%

Smart Money Signals — TRTX

Based on 154 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added TRTX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
154 hedge funds hold TRTX right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding TRTX is almost the same as a year ago (+4 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 45% buying

72 buying88 selling
Last quarter: 88 funds reduced or exited vs 72 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~27 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 19 → 26 → 27. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 23% medium ■ 21% new
85 out of 154 hedge funds have held TRTX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

22 → 12 → 19 → 26 → 27 new funds/Q
New funds entering each quarter: 12 → 19 → 26 → 27. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 13% 1-2yr ■ 23% new
Of 159 current holders: 102 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
42 of 154 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TRTX

In 2026 Q1, 72 hedge funds were net buyers of TRTX (27 opened a new position, 45 added to an existing one), while 88 reduced or exited (62 trimmed, 26 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 28% of total institutional value in TRTX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 154.

Hedge Fund Ownership: TRTX

How many hedge funds hold TRTX — quarterly history vs. share price
Quarterly hedge fund ownership of TRTX vs. share price

Market Analysis: TRTX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRTX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy TPG RE FIN TR INC (TRTX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TRTX has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 71d ago
TRTX
+12.2%
XLRE
+10.1%

TRTX outperformed XLRE by +2.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 26d ago
TRTX
+5.7%
XLRE
+4.0%

Since the filing became public, TRTX outperformed XLRE by +1.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: TRTX
154 + Investors

Track Smart Money conviction in TRTX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 154 153 0.65%
13F Shares 64M 64M -0.64%
Total Value $488M $552M -11.7%
New Positions 27 26 +1
Increased Positions 43 59 -16
Closed Positions 26 13 +13
Reduced Positions 59 43 +16
Total Calls 6 5 20.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.2 Bullish

Statistics: TRTX

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

154 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TRTX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of TRTX — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 State of New Jersey Common Pension Fund A 10.89% 3,149,148 $24.6M
2 GRATIA CAPITAL, LLC 9.29% 2,701,749 $21.1M
3 GRATIA CAPITAL, LLC 5.50% 1,600,000 $12.5M
4 Long Pond Capital, LP 5.24% 7,029,102 $54.9M
5 Q Global Advisors, LLC 4.06% 589,903 $5K
6 Solel Partners LP 0.90% 540,574 $4.2M
7 DIMENSION CAPITAL MANAGEMENT LLC 0.79% 720,597 $5.6M
8 One William Street Capital Management, L.P. 0.71% 1,070,000 $8.4M
9 Nokomis Capital, L.L.C. 0.70% 312,898 $2.4M
10 Almitas Capital LLC 0.58% 327,832 $2.6M
11 TPG GP A, LLC 0.51% 2,392,863 $18.7M
12 CONDOR CAPITAL MANAGEMENT 0.41% 631,201 $4.9M
13 Nan Shan Life Insurance Co., Ltd. 0.20% 711,605 $5.6M
14 Cercano Management LLC 0.14% 401,607 $3.1M
15 Redhawk Wealth Advisors, Inc. 0.09% 99,624 $778K
16 Caption Management, LLC 0.07% 1,600,000 $12.5M
17 Ascentis Independent Advisors 0.06% 96,974 $757K
18 Nebula Research & Development LLC 0.05% 74,943 $579K
19 Bouchey Financial Group Ltd 0.04% 65,616 $536K
20 Bracebridge Capital, LLC 0.04% 182,157 $1.4M
21 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% 3,181,296 $24.8M
22 Dynamic Technology Lab Private Ltd 0.03% 25,440 $199K
23 State of Wyoming 0.03% 31,217 $244K
24 TWO SIGMA ADVISERS, LP 0.02% 1,446,300 $12.5M
25 Y-Intercept (Hong Kong) Ltd 0.02% 136,659 $1.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — TPG RE FIN TR INC (TRTX)

What does the Smart Money Trend signal show for TRTX?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added TRTX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TRTX?

More sellers than buyers — 45% buying: Last quarter: 88 funds reduced or exited vs 72 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TRTX holders?

Strong quality — 28% AUM from major funds: 42 of 154 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held TRTX?

55% of holders stayed for 2+ years: 85 out of 154 hedge funds have held TRTX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy TPG RE FIN TR INC (TRTX) following the 2026 Q1 hedge fund 13F filings?

As of today, TRTX has moved +5.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.0% for the XLRE sector ETF — an outperformance of +1.7%. Since the quarter end (March 31, 2026), TRTX has gained +12.2% vs +10.1% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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