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TRTX · TPG RE Finance Trust, Inc. · Holdings

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$5.86 +0.05 (+0.86%) At close · Oct 20
Russell 2000 member Rebalance outlook locked
Market Cap
$454.57M
Shares
77.31M
Volume · Oct 20 1.56M Avg daily vol (3M) 1.06M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of TRTX: 13F, 13D and 13G, insiders and funds →
Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.
The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.
Holders: 156
Total Value: $509,070,710
Total Shares: 60,870,680
Showing 1–100 of 159 holdings by value · page 1 of 2

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 155 13F filers
Top Holder
11.5%
Sep 2023 → Jun 2026 · range 10.5% – 16.0%
of institutional value
Top 5
38.3%
Sep 2023 → Jun 2026 · range 37.9% – 56.1%
of institutional value
Top 10
54.3%
Sep 2023 → Jun 2026 · range 54.3% – 73.6%
of institutional value
HHI
441
Sep 2023 → Jun 2026 · range 441 – 776
Broadly held

Who Holds TRTX

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 154 filers, like-for-like change +0.6%; actively managed books -2.1%; index-like books +6.2%.

Holder type Share Filers Change
Registered adviser 43.6% 77 +1.8%
Exempt adviser 5.9% 3 -22.5%
Adviser 1.3% 5 +11.6%
Bank 10.3% 12 +9.9%
Insurer 0.0% 1 -98.4%
Broker-dealer 0.0% 1 -95.3%
Benefit plan 0.5% 6 +7.4%
Non-US 0.8% 6 -8.4%
Holding company 18.5% 6 +9.1%
Unknown 19.2% 37 +1.4%

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F. Compared across CIK changes: JANUS HENDERSON GROUP PLC continues as Jupiter Topco LLC.

Conviction and Crowding

154 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders
4
2.60% of filers hold it in their top 10
Mar 31, 2026: 5
Holders above 5%
4
median weight 0.001%
Mar 31, 2026: 4
Crowding
27.4%
of shares outstanding, 76th percentile
Mar 31, 2026: 28.0%
Private-fund advisers
26.9%
of shares outstanding
Institutional ownership
75.5%
78.1% of the estimated free float
Top 10 holders
56.7%
of 13F shares, Herfindahl 0.047
Active holders
-2.1%
like-for-like share change of active filers
5% stakes on record
5
0 13D, 5 13G (5 institutional, 0 passive, 0 exempt)
How long holders have held it value-weighted 12.2 quarters
Under 1 year 13.5% 1 to 3 years 51.6% 3 years or more 34.8% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost
$8.37
estimated per share
Mar 31, 2026: $8.38
Quarter-end price
$8.37
implied by 13F values
Estimated gain or loss
0.0%
price against the estimated cost
Estimated at a loss
47.3%
of costed 13F value

Estimated cost covers 47.1% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies TRTX's active holders also own, quarter ended Jun 30, 2026
# Company Shared holders
1 KREF KKR Real Estate Finance Trust Inc. 4
2 GPMT Granite Point Mortgage Trust Inc. 3
3 FBRT Franklin BSP Realty Trust, Inc. 3
4 SVC Service Properties Trust 3
5 BXMT Blackstone Mortgage Trust, Inc. 3
6 CPT Camden Property Trust 4
7 STWD Starwood Property Trust, Inc. 4
8 IRM Iron Mountain Inc 3
9 URI United Rentals, Inc. 4
10 TT Trane Technologies plc 3

Shareholder Targets

13F filers that own its peers but not TRTX, quarter ended Jun 30, 2026

Found through its holder-overlap peers: KREF, GPMT, FBRT, SVC, BXMT, CPT, STWD, IRM, URI, TT, IVZ, BNY, SPGI, MS, AMZN, HD, TSLA, MRVL, MSFT, V. 6,943 filers in all.

# Filer In peers
1 Capital Research Global Investors Adviser, Diversified active $82,557,325,420 10 held
2 MITSUBISHI UFJ FINANCIAL GROUP INC Bank, Unknown $78,825,883,309 1 held
3 Capital World Investors Adviser, Diversified active $73,633,585,506 11 held
4 Amundi Holding company, Index-like $53,299,406,454 16 held
5 Capital International Investors Adviser, Diversified active $43,003,656,120 10 held
6 DIMENSIONAL FUND ADVISORS LP Registered adviser, Diversified active $34,958,464,671 15 held
7 Fisher Asset Management, LLC Adviser, Diversified active $31,570,110,943 14 held
8 HSBC HOLDINGS PLC Unknown, Index-like $27,600,342,405 18 held
9 SG Americas Securities, LLC Unknown, Diversified active $25,705,503,789 18 held
10 Mitsubishi UFJ Asset Management Co., Ltd. Unknown, Index-like $23,387,641,402 17 held

Fund Ownership of TRTX by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 18.31% of shares outstanding.

Fund type Of shares outstanding Shares
Index funds 3.45% 2,667,560
Index ETFs 14.86% 11,489,921
Active ETFs 1.04% 801,210
Active funds 3.33% 2,577,899
Unclassified 0.01% 8,617
All registered funds 22.70% 17,545,207
How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 77 Exempt adviser 3 Adviser 5 Bank 12 Insurer 1 Broker-dealer 1 Benefit plan 6 Non-US 6 Holding company 6 Unknown 39
Showing 100 of 159
All Common Calls Puts
Export CSV
Holder Value (USD) % of 13F Shares Open
Long Pond Capital, LP $58,833,583 11.56% 7,029,102
BlackRock, Inc. $54,385,643 10.68% 6,497,688
VANGUARD CAPITAL MANAGEMENT LLC $28,063,228 5.51% 3,352,835
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $27,511,855 5.40% 3,286,960
State of New Jersey Common Pension Fund A $26,358,368 5.18% 3,149,148
TPG GP A, LLC $20,028,263 3.93% 2,392,863
GRATIA CAPITAL, LLC $17,303,577 3.40% 2,067,333
GEODE CAPITAL MANAGEMENT, LLC $16,365,592 3.21% 1,955,268
STATE STREET CORP $15,371,421 3.02% 1,836,490
GOLDMAN SACHS GROUP INC $12,691,178 2.49% 1,516,270
TWO SIGMA INVESTMENTS, LP $12,205,594 2.40% 1,458,255
Qube Research & Technologies Ltd $10,750,327 2.11% 1,284,388
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $10,617,052 2.09% 1,268,465
CITIGROUP INC $9,994,708 1.96% 1,194,111
MORGAN STANLEY $9,926,966 1.95% 1,186,018
SUSQUEHANNA INTERNATIONAL GROUP, LLP $9,414,576 1.85% 1,124,800
One William Street Capital Management, L.P. $8,955,900 1.76% 1,070,000
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $8,889,902 1.75% 1,062,115
FMR LLC $7,210,921 1.42% 861,520
VAN ECK ASSOCIATES CORP $6,830,740 1.34% 816,098
Caption Management, LLC $6,696,000 1.32% 800,000
NORTHERN TRUST CORP $6,244,052 1.23% 746,004
DIMENSION CAPITAL MANAGEMENT LLC $6,062,533 1.19% 724,317
WELLINGTON MANAGEMENT GROUP LLP $5,963,121 1.17% 712,440
UBS Group AG $5,726,903 1.12% 684,218
JPMORGAN CHASE & CO $5,698,177 1.12% 680,786
Balyasny Asset Management L.P. $5,290,132 1.04% 632,035
CONDOR CAPITAL MANAGEMENT $5,226,269 1.03% 624,405
VANGUARD PORTFOLIO MANAGEMENT LLC $4,946,569 0.97% 590,988
Q Global Advisors, LLC $4,937,488 0.97% 589,903
FRANKLIN RESOURCES INC $4,827,044 0.95% 576,708
VANGUARD FIDUCIARY TRUST CO $4,210,578 0.83% 503,056
WELLS FARGO & COMPANY/MN $4,185,000 0.82% 500,000
Focus Partners Wealth $3,916,197 0.77% 467,885
Cercano Management LLC $3,361,450 0.66% 401,607
Almitas Capital LLC $3,035,665 0.60% 362,684
Solel Partners LP $2,928,144 0.58% 349,838
Nokomis Capital, L.L.C. $2,618,956 0.51% 312,898
NORGES BANK $2,417,256 0.47% 288,800
ALLIANCEBERNSTEIN L.P. $2,399,427 0.47% 286,670
BANK OF AMERICA CORP /DE/ $2,265,348 0.44% 270,651
FJ Capital Management LLC $2,090,307 0.41% 249,738
BARCLAYS PLC $1,835,080 0.36% 219,245
Bank of New York Mellon Corp $1,768,018 0.35% 211,233
AQR CAPITAL MANAGEMENT LLC $1,542,036 0.30% 184,234
Bracebridge Capital, LLC $1,524,654 0.30% 182,157
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $1,514,474 0.30% 180,941
JUPITER ASSET MANAGEMENT LTD $1,390,164 0.27% 166,089
Penserra Capital Management LLC $1,239,245 0.24% 148,058
XTX Topco Ltd $1,200,015 0.24% 143,371
Nuveen, LLC $1,192,799 0.23% 142,509
Swiss National Bank $1,184,355 0.23% 141,500
MILLENNIUM MANAGEMENT LLC $1,157,043 0.23% 138,237
Invesco Ltd. $1,106,696 0.22% 132,222
STATE OF WISCONSIN INVESTMENT BOARD $1,092,234 0.21% 130,494
RENAISSANCE TECHNOLOGIES LLC $1,089,815 0.21% 130,205
JANE STREET GROUP, LLC $1,070,857 0.21% 127,940
VIRGINIA RETIREMENT SYSTEMS ET Al $1,065,501 0.21% 127,300
Bouchey Financial Group Ltd $1,060,989 0.21% 126,761
JENNISON ASSOCIATES LLC $1,033,987 0.20% 123,535
RAYMOND JAMES FINANCIAL INC $950,387 0.19% 113,547
PRICE T ROWE ASSOCIATES INC /MD/ $946,061 0.19% 113,030
Y-Intercept (Hong Kong) Ltd $894,929 0.18% 142,960
Russell Investments Group, Ltd. $886,708 0.17% 105,939
RHUMBLINE ADVISERS $827,073 0.16% 98,814
CAXTON ASSOCIATES LLP $748,428 0.15% 89,418
Atom Investors LP $681,786 0.13% 81,456
DEUTSCHE BANK AG\ $621,857 0.12% 74,296
Schonfeld Strategic Advisors LLC $616,726 0.12% 73,683
ROYAL BANK OF CANADA $609,092 0.12% 72,771
WELLS FARGO & COMPANY/MN $599,550 0.12% 71,631
CITADEL ADVISORS LLC $578,367 0.11% 69,100
Caption Management, LLC $562,857 0.11% 67,247
TEACHER RETIREMENT SYSTEM OF TEXAS $556,487 0.11% 66,486
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $540,434 0.11% 64,568
VOYA INVESTMENT MANAGEMENT LLC $484,246 0.10% 57,855
Cerity Partners LLC $460,207 0.09% 54,983
VANGUARD ASSET MANAGEMENT, Ltd $450,699 0.09% 53,847
Legal & General Group Plc $449,367 0.09% 53,688
MetLife Investment Management, LLC $347,129 0.07% 41,473
Quantinno Capital Management LP $341,010 0.07% 40,742
Engineers Gate Manager LP $314,712 0.06% 37,600
FEDERATED HERMES, INC. $310,719 0.06% 37,123
Zurcher Kantonalbank (Zurich Cantonalbank) $301,872 0.06% 36,066
Vanguard Global Advisers, LLC $261,604 0.05% 31,255
Creative Planning $251,476 0.05% 30,045
CANADA PENSION PLAN INVESTMENT BOARD $232,686 0.05% 27,800
FOX RUN MANAGEMENT, L.L.C. $222,432 0.04% 26,575
State of Wyoming $210,949 0.04% 25,203
VICTORY CAPITAL MANAGEMENT INC $188,140 0.04% 22,478
Jupiter Topco LLC $187,856 0.04% 22,444
NEW YORK STATE COMMON RETIREMENT FUND $184,834 0.04% 22,083
Janney Montgomery Scott LLC $167,274 0.03% 19,985
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $165,114 0.03% 19,727
ARIZONA STATE RETIREMENT SYSTEM $162,863 0.03% 19,458
Police & Firemen's Retirement System of New Jersey $157,950 0.03% 18,871
Pine Valley Investments Ltd Liability Co $157,565 0.03% 18,825
MANUFACTURERS LIFE INSURANCE COMPANY, THE $150,007 0.03% 17,922
Mariner, LLC $134,849 0.03% 16,111
Vanguard Investments Australia, Ltd. $131,425 0.03% 15,702

Showing the top 100 of 159 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.

Key facts CIK 1630472 CUSIP 87266M107 13F (30d) 12 filings 12 filers Visit website Investor relations