Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tpg Re Fin Tr Inc (TRTX)

150 + 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
↓ -2
Streak
1Q ▼
Buyers last Q
59%

Smart Money Signals — TRTX

Based on 154 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TRTX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

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.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 4 quarters from the low — a sharp move.
🟡

Slight buying edge — 59% buying

89 buying62 selling
Last quarter: 89 funds bought or added vs 62 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 20 → 26 → 27 → 19. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 23% medium ■ 19% new
89 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.
💰

Price up while funds trimmed (+15% value, -5% shares)

Value
+15%
Shares
-4%
Last quarter: total value of institutional TRTX holdings rose +15% even though funds reduced share count by 5%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~19 new funds/quarter

12 → 20 → 26 → 27 → 19 new funds/Q
New funds entering each quarter: 20 → 26 → 27 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 21% newcomers

■ 64% veterans ■ 15% 1-2yr ■ 21% new
Entry-cohort mix of 157 holders: 101 (64%) are 2+ year veterans, 23 entered 1–2 years ago, and 33 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
44 of 153 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in TRTX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 Q2, 89 hedge funds were net buyers of TRTX (19 opened a new position, 70 added to an existing one), while 62 reduced or exited (41 trimmed, 21 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 51% of total institutional value in TRTX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). 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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 2 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: TRTX
150 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 150 156 -3.85%
13F Shares 60M 64M -5.57%
Total Value $497M $488M 1.82%
New Positions 18 27 -9
Increased Positions 65 43 +22
Closed Positions 23 24 -1
Reduced Positions 40 61 -21
Total Calls 4 6 -33.33%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TRTX

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Financial Highlights

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Institutional Holders (2026 Q2)

150 + 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 TRTX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 State of New Jersey Common Pension Fund A 11.80% 3,149,148 $26.4M
2 Gratia Capital, LLC 10.46% 2,067,333 $17.3M
3 Long Pond Capital, LP 5.66% 7,029,102 $58.8M
4 One William Street Capital Management, L.P. 3.69% 1,070,000 $9.0M
5 Nokomis Capital, L.L.C. 0.88% 312,898 $2.6M
6 Almitas Capital LLC 0.73% 362,684 $3.0M
7 Dimension Capital Management LLC 0.71% 724,317 $6.1M
8 Solel Partners LP 0.50% 349,838 $2.9M
9 Tpg GP A, LLC 0.40% 2,392,863 $20.0M
10 Condor Capital Management 0.39% 624,405 $5.2M
11 FJ Capital Management LLC 0.27% 249,738 $2.1M
12 Redhawk Wealth Advisors, Inc. 0.08% 97,047 $812K
13 Bouchey Financial Group, Ltd. 0.07% 126,761 $1.1M
14 Atom Investors LP 0.06% 81,456 $682K
15 Fox Run Management, L.L.C. 0.04% 26,575 $222K
16 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% 3,286,960 $27.5M
17 Caption Management, LLC 0.03% 800,000 $6.7M
18 Bracebridge Capital, LLC 0.03% 182,157 $1.5M
19 State of Wyoming 0.02% 25,203 $211K
20 Y-Intercept (Hong Kong) Ltd 0.02% 107,119 $897K
21 XTX Topco Ltd 0.02% 143,371 $1.2M
22 Caxton Associates LLP 0.01% 89,418 $748K
23 Qube Research & Technologies Ltd 0.01% 1,284,388 $10.8M
24 Two Sigma Investments, LP 0.01% 1,458,255 $12.2M
25 Jupiter Asset Management Ltd 0.01% 166,089 $1.4M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TRTX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TRTX?

Slight buying edge — 59% buying: Last quarter: 89 funds bought or added vs 62 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TRTX holders?

Elite ownership — 51% AUM from top-100 funds: 44 of 153 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in TRTX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TRTX?

58% of holders stayed for 2+ years: 89 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.

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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