TPG RE Finance Trust, Inc.: which funds bought and sold

Institutions that bought and sold TPG RE Finance Trust shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 80 institutions that filed 13F reports for both quarters added to or opened positions in TPG RE Finance Trust, and 56 cut or closed them. Together they added a net 364K shares, +0.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 199K shares (−2.4%); index fund managers were net buyers of 459K shares (+2.8%). 15 opened a new position and 16 sold out entirely.

Bought, Q2 2026 80 institutions, 15 of them new holders Sold, Q2 2026 56 institutions, 16 of them sold out

Net change, all compared +364K shares (+0.6%)

Net change, active managers −199K shares (−2.4%), 13 bought, 12 sold

Buyers versus sellers

institutions compared, 167

80 bought 31 56 sold

Active managers and hedge funds 13 bought · 12 sold · −199K

Index fund managers 6 bought · 4 sold · +459K

Other institutions 61 bought · 40 sold · +104K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Balyasny Asset Management L.P. Hedge fund	+632K New position	632K	$5.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+339K +36.5%	1.3M	$10.6M
Goldman Sachs Group Inc	+315K +26.2%	1.5M	$12.7M
Fj Capital Management LLC	+250K New position	250K	$2.1M
Blackrock, Inc. Index funds	+227K +3.6%	6.5M	$54.4M
Jpmorgan Chase & Co	+225K +49.3%	681K	$5.8M
Morgan Stanley	+219K +22.7%	1.2M	$9.9M
Jupiter Asset Management Ltd Active manager	+166K New position	166K	$1.4M
Barclays PLC	+144K +191.9%	219K	$1.8M
FMR LLC Active manager	+142K +19.7%	862K	$7.2M
Vanguard Capital Management LLC Index funds	+130K +4.0%	3.4M	$28.1M
Jane Street Group, LLC	+128K New position	128K	$1.1M
Geode Capital Management, LLC Index funds	+112K +6.1%	2.0M	$16.4M
Mirae Asset Global Etfs Holdings Ltd.	+106K +3.3%	3.3M	$27.5M
AQR Capital Management LLC Hedge fund	+90K +95.9%	184K	$1.5M
Caxton Associates LLP Hedge fund	+89K New position	89K	$748,429
UBS Group AG	+89K +14.9%	684K	$5.7M
Northern Trust Corp Index funds	+74K +11.0%	746K	$6.2M
Van Eck Associates Corp	+69K +9.3%	816K	$6.8M
Franklin Resources Inc Active manager	+64K +12.4%	577K	$4.8M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Balyasny Asset Management L.P. Hedge fund	+632K New position	632K	$5.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+339K +36.5%	1.3M	$10.6M
Jupiter Asset Management Ltd Active manager	+166K New position	166K	$1.4M
FMR LLC Active manager	+142K +19.7%	862K	$7.2M
AQR Capital Management LLC Hedge fund	+90K +95.9%	184K	$1.5M
Caxton Associates LLP Hedge fund	+89K New position	89K	$748,429
Franklin Resources Inc Active manager	+64K +12.4%	577K	$4.8M
Alliancebernstein L.P. Active manager	+13K +4.9%	287K	$2.2M
D. E. Shaw & Co., Inc. Hedge fund	+13K New position	13K	$108,843
Federated Hermes, Inc. Active manager	+12K +49.3%	37K	$310,720

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Nan Shan Life Insurance Co., Ltd.	−712K Sold out	0	—
Gratia Capital, LLC	−634K −23.5%	2.1M	$17.3M
Millennium Management LLC Hedge fund	−530K −79.3%	138K	$1.2M
Two Sigma Investments, LP Hedge fund	−417K −22.2%	1.5M	$12.2M
Qube Research & Technologies Ltd Hedge fund	−329K −20.4%	1.3M	$10.8M
Citadel Advisors LLC Hedge fund	−252K Sold out	0	—
Solel Partners LP	−191K −35.3%	350K	$2.9M
Ascentis Independent Advisors	−97K Sold out	0	—
Charles Schwab Investment Management Inc Index funds	−73K −6.4%	1.1M	$8.9M
State Street Corp Index funds	−61K −3.2%	1.8M	$15.8M
Renaissance Technologies LLC Hedge fund	−55K −29.8%	130K	$1.1M
Squarepoint Ops LLC Hedge fund	−47K Sold out	0	—
Jennison Associates LLC Active manager	−47K −27.5%	124K	$1M
Engineers Gate Manager LP Hedge fund	−37K −49.9%	38K	$314,712
Caption Management, LLC	−33K −32.9%	67K	$562,857
LPL Financial LLC	−31K Sold out	0	—
Quantbot Technologies LP Hedge fund	−30K −78.4%	8,350	$69,890
Y-Intercept (Hong Kong) Ltd	−30K −21.6%	107K	$896,586
Empowered Funds, LLC	−28K Sold out	0	—
Dynamic Technology Lab Private Ltd	−25K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−530K −79.3%	138K	$1.2M
Two Sigma Investments, LP Hedge fund	−417K −22.2%	1.5M	$12.2M
Qube Research & Technologies Ltd Hedge fund	−329K −20.4%	1.3M	$10.8M
Citadel Advisors LLC Hedge fund	−252K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−55K −29.8%	130K	$1.1M
Squarepoint Ops LLC Hedge fund	−47K Sold out	0	—
Jennison Associates LLC Active manager	−47K −27.5%	124K	$1M
Engineers Gate Manager LP Hedge fund	−37K −49.9%	38K	$314,712
Quantbot Technologies LP Hedge fund	−30K −78.4%	8,350	$69,890
Brevan Howard Capital Management LP Hedge fund	−13K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Balyasny Asset Management L.P.Hedge fund	632K	$5.3M
Fj Capital Management LLC	250K	$2.1M
Jupiter Asset Management LtdActive manager	166K	$1.4M
Jane Street Group, LLC	128K	$1.1M
Caxton Associates LLPHedge fund	89K	$748,429
Janney Montgomery Scott LLC	20K	$167,000
Ieq Capital, LLC	15K	$127,877
D. E. Shaw & Co., Inc.Hedge fund	13K	$108,843
Arax Advisory Partners	1,410	$11,801
Integrated Wealth Concepts LLC	874	$7,316

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Nan Shan Life Insurance Co., Ltd.	712K	$5.6M
Citadel Advisors LLCHedge fund	252K	$2M
Ascentis Independent Advisors	97K	$757,367
Squarepoint Ops LLCHedge fund	47K	$366,351
LPL Financial LLC	31K	$244,618
Empowered Funds, LLC	28K	$216,946
Dynamic Technology Lab Private Ltd	25K	$198,686
Pharvision Advisers, LLC	15K	$116,619
Brevan Howard Capital Management LPHedge fund	13K	$102,530
Landscape Capital Management, L.L.C.	11K	$82,685

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 154
Ten largest holders: 56.7%
Index fund managers: 28.5%
Active managers and hedge funds: 14.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	13	12	4	3	−199K	−2.4%
Index fund managers	6	4	0	1	+459K	+2.8%
Other institutions	61	40	11	12	+104K	+0.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on TPG RE Finance Trust.

Only managers that filed a holdings report for both quarters are compared (167 here). 7 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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