TRTXNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as TRTX.PC
TPG RE Finance Trust, Inc.
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 28, 2026
$5.81+0.02 (+0.35%)
Close on Oct 19, 2026
- Market cap
- $459.36M
- P/E (TTM)
- 9.2
- Dividend yield
- 16.52%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
58M
Shares held, 13F filers
Institutional holders
154
17 new, 16 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Long Pond Capital, LP | 7,303,626 | 9.02% | 13G (passive) | Dec 31, 2024 |
| BlackRock, Inc. | 5,953,505 | 7.70% | 13G (passive) amendment | Jun 30, 2026 |
| State of New Jersey Common Pension Fund E | 4,693,916 | 5.97% | 13G (passive) | Aug 5, 2025 |
| Vanguard Capital Management | 3,927,117 | 5.07% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TRTX | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Long Pond Capital, LP | 7,029,102 | – | $58.83M | – | 5.66% |
| BlackRock, Inc. | 6,497,688 | – | $54.39M | +226,588 | 0.00% |
| Vanguard Capital Management LLC | 3,352,835 | – | $28.06M | +129,803 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,286,960 | – | $27.51M | +105,664 | 0.03% |
| State of New Jersey Common Pension Fund A | 3,149,148 | – | $26.36M | – | 11.80% |
| Tpg Gp A, LLC | 2,392,863 | – | $20.03M | – | 0.40% |
| Gratia Capital, LLC | 2,067,333 | – | $17.30M | −634,416 | 10.46% |
| Geode Capital Management, LLC | 1,955,268 | – | $16.37M | +111,965 | 0.00% |
| State Street Corp | 1,836,490 | – | $15.79M | −60,949 | 0.00% |
| Goldman Sachs Group Inc | 1,516,270 | – | $12.69M | +315,085 | 0.00% |
| Two Sigma Investments, LP | 1,458,255 | – | $12.21M | −416,874 | 0.01% |
| Qube Research & Technologies Ltd | 1,284,388 | – | $10.75M | −329,099 | 0.01% |
| Arrowstreet Capital, Limited Partnership | 1,268,465 | – | $10.62M | +338,899 | 0.00% |
| Citigroup Inc | 1,194,111 | – | $9.99M | +3,326 | 0.00% |
| Morgan Stanley | 1,186,018 | – | $9.93M | +219,163 | 0.00% |
| One William Street Capital Management, L.P. | 1,070,000 | – | $8.96M | – | 3.69% |
| Charles Schwab Investment Management Inc | 1,062,115 | – | $8.89M | −72,737 | 0.00% |
| FMR LLC | 861,520 | – | $7.21M | +141,690 | 0.00% |
| Van Eck Associates Corp | 816,098 | – | $6.83M | +69,463 | 0.00% |
| Northern Trust Corp | 746,004 | – | $6.24M | +73,976 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 154 | 58M | 17 / 66 | 40 / 16 | 5M | 4M |
| Q1 2026 | 157 | 58M | 29 / 44 | 61 / 25 | 12M | 9M |
| Q4 2025 | 154 | 59M | 27 / 58 | 43 / 11 | 5M | 5M |
| Q3 2025 | 140 | 59M | 20 / 51 | 46 / 18 | 8M | 11M |
| Q2 2025 | 139 | 62M | 15 / 63 | 42 / 23 | 5M | 6M |
| Q1 2025 | 148 | 63M | 23 / 41 | 55 / 27 | 5M | 6M |
| Q4 2024 | 154 | 65M | 26 / 64 | 41 / 19 | 14M | 4M |
| Q3 2024 | 150 | 55M | 26 / 62 | 39 / 9 | 17M | 3M |
| Q2 2024 | 134 | 47M | 29 / 47 | 43 / 18 | 6M | 5M |
| Q1 2024 | 124 | 46M | 27 / 39 | 37 / 18 | 6M | 5M |
| Q4 2023 | 116 | 45M | 15 / 48 | 37 / 17 | 4M | 4M |
| Q3 2023 | 119 | 45M | 17 / 38 | 45 / 8 | 3M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TRTX | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 2,381,899 | – | $19.94M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,878,742 | – | $15.73M | 0.02% | Jun 30, 2026 |
| Global X SuperDividend ETF | 1,375,096 | – | $10.96M | 0.90% | Jul 31, 2026 |
| Global X SuperDividend REIT ETF | 945,309 | – | $7.53M | 3.23% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 894,317 | – | $7.49M | 0.01% | Jun 30, 2026 |
| VanEck Mortgage REIT Income ETF | 826,997 | – | $6.92M | 1.73% | Jun 30, 2026 |
| iShares Mortgage Real Estate ETF | 808,649 | – | $6.77M | 1.24% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 801,889 | – | $6.39M | 0.02% | Jul 31, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 795,471 | – | $6.66M | 0.12% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 665,473 | – | $5.57M | 0.04% | Jun 30, 2026 |
| Goldman Sachs Small Cap Value Insights Fund | 528,476 | – | $4.21M | 0.32% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 416,950 | – | $3.50M | 0.01% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 371,380 | – | $3.12M | 0.01% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 366,456 | – | $3.08M | 0.02% | May 31, 2026 |
| Schwab Fundamental U.S. Small Company ETF | 352,030 | – | $2.96M | 0.03% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Doug Bouquard | Chief Executive Officer, Director | 1,070,146 | Jul 2, 2026 |
| Brandon C. Fox | See Remark (A) | 87,577 | Jul 2, 2026 |
| Matthew Coleman | President | 331,197 | Jul 2, 2026 |
| Robert Foley | Chief Financial Officer | 461,201 | Jul 2, 2025 |
| Michael Bradley Smith | Director | 98,699 | Jul 28, 2026 |
| Michael Gillmore | Director | 99,199 | Jul 28, 2026 |
| Wendy Silverstein | Director | 98,699 | Jul 28, 2026 |
| Todd Schuster | Director | 63,978 | Jul 28, 2026 |
| Julie Hong | Director | 35,330 | Jul 2, 2026 |
| Avi Banyasz | Director | 176,437 | Jul 2, 2026 |
| Edward J. Goldthorpe | Director | 2,169 | Dec 29, 2025 |
| Gregory White | Director | 78,340 | Dec 30, 2024 |
| Jon Winkelried | – | 7,084,645 | Aug 7, 2025 |
| Tpg Gp A, Llc | – | 2,492,170 | Aug 7, 2025 |
| James G. Coulter | – | 7,181,442 | Aug 7, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Todd Schuster Director | Jul 24, 2026 | Award | +152 | $8.46 | $1.29K | 63,978 |
| Wendy Silverstein Director | Jul 24, 2026 | Award | +1,109 | $8.46 | $9.38K | 98,699 |
| Michael Gillmore Director | Jul 24, 2026 | Award | +1,109 | $8.46 | $9.38K | 98,699 |
| Michael Bradley Smith Director | Jul 24, 2026 | Award | +1,109 | $8.46 | $9.38K | 98,699 |
| Julie Hong Director | Jun 30, 2026 | Tax withholding | −6,195 | $8.46 | $52.41K | 35,330 |
| Matthew Coleman President | Jun 30, 2026 | Tax withholding | −34,696 | $8.46 | $293.53K | 326,961 |
| Doug Bouquard Chief Executive Officer, Director | Jun 30, 2026 | Tax withholding | −223,533 | $8.46 | $1.89M | 1,070,146 |
| Avi Banyasz Director | Jun 30, 2026 | Tax withholding | −20,539 | $8.46 | $173.76K | 162,322 |
| Brandon C. Fox See Remark (A) | Jun 30, 2026 | Tax withholding | −9,011 | $8.46 | $76.23K | 87,577 |
| Michael Bradley Smith Director | Apr 24, 2026 | Award | +1,195 | $7.61 | $9.09K | 97,590 |
| Michael Gillmore Director | Apr 24, 2026 | Award | +1,195 | $7.61 | $9.09K | 97,590 |
| Wendy Silverstein Director | Apr 24, 2026 | Award | +1,195 | $7.61 | $9.09K | 97,590 |
| Todd Schuster Director | Apr 24, 2026 | Award | +164 | $7.61 | $1.25K | 63,826 |
| Michael Gillmore Director | Jan 23, 2026 | Award | +1,007 | $8.79 | $8.85K | 96,395 |
| Michael Bradley Smith Director | Jan 23, 2026 | Award | +1,007 | $8.79 | $8.85K | 96,395 |
| Todd Schuster Director | Jan 23, 2026 | Award | +138 | $8.79 | $1.21K | 63,662 |
| Wendy Silverstein Director | Jan 23, 2026 | Award | +1,007 | $8.79 | $8.85K | 96,395 |
| Julie Hong Director | Dec 24, 2025 | Award | +13,012 | – | – | 41,525 |
| Brandon C. Fox See Remark (A) | Dec 24, 2025 | Award | +26,000 | – | – | 96,588 |
| Doug Bouquard Chief Executive Officer, Director | Dec 24, 2025 | Award | +429,794 | – | – | 1,293,679 |
| Michael Bradley Smith Director | Dec 24, 2025 | Award | +13,012 | – | – | 95,388 |
| Edward J. Goldthorpe Director | Dec 24, 2025 | Award | +2,169 | – | – | 2,169 |
| Michael Gillmore Director | Dec 24, 2025 | Award | +13,012 | – | – | 95,388 |
| Wendy Silverstein Director | Dec 24, 2025 | Award | +13,012 | – | – | 95,388 |
| Todd Schuster Director | Dec 24, 2025 | Award | +13,012 | – | – | 63,524 |
| Avi Banyasz Director | Dec 24, 2025 | Award | +56,597 | – | – | 182,861 |
| Matthew Coleman President | Dec 24, 2025 | Award | +56,597 | – | – | 361,657 |
| Michael Bradley Smith Director | Oct 24, 2025 | Award | +998 | $8.62 | $8.60K | 82,376 |
| Wendy Silverstein Director | Oct 24, 2025 | Award | +998 | $8.62 | $8.60K | 82,376 |
| Todd Schuster Director | Oct 24, 2025 | Award | +137 | $8.62 | $1.18K | 50,512 |
| Michael Gillmore Director | Oct 24, 2025 | Award | +998 | $8.62 | $8.60K | 82,376 |
| Tpg Gp A, Llc – | Aug 5, 2025 | Other | −4,693,916 | – | – | 2,492,170 |
| Michael Bradley Smith Director | Jul 25, 2025 | Award | +1,088 | $7.68 | $8.36K | 81,378 |
| Wendy Silverstein Director | Jul 25, 2025 | Award | +1,088 | $7.68 | $8.36K | 81,378 |
| Todd Schuster Director | Jul 25, 2025 | Award | +149 | $7.68 | $1.14K | 50,375 |
| Michael Gillmore Director | Jul 25, 2025 | Award | +1,088 | $7.68 | $8.36K | 81,378 |
| Doug Bouquard Chief Executive Officer, Director | Jun 30, 2025 | Tax withholding | −164,114 | $7.68 | $1.26M | 863,885 |
| Matthew Coleman President | Jun 30, 2025 | Tax withholding | −36,655 | $7.68 | $281.51K | 305,060 |
| Robert Foley Chief Financial Officer | Jun 30, 2025 | Tax withholding | −58,231 | $7.68 | $447.21K | 428,326 |
| Brandon C. Fox Chief Accounting Officer | Jun 30, 2025 | Tax withholding | −7,944 | $7.68 | $61.01K | 70,588 |
| Julie Hong Director | Jun 30, 2025 | Tax withholding | −4,509 | $7.68 | $34.63K | 28,513 |
| Avi Banyasz Director | Jun 30, 2025 | Tax withholding | −14,135 | $7.68 | $108.56K | 126,264 |
| Todd Schuster Director | Apr 25, 2025 | Award | +139 | $8.02 | $1.11K | 50,226 |
| Michael Gillmore Director | Apr 25, 2025 | Award | +1,011 | $8.02 | $8.11K | 80,290 |
| Michael Bradley Smith Director | Apr 25, 2025 | Award | +1,011 | $8.02 | $8.11K | 80,290 |
| Wendy Silverstein Director | Apr 25, 2025 | Award | +1,011 | $8.02 | $8.11K | 80,290 |
| Michael Bradley Smith Director | Jan 24, 2025 | Award | +939 | $8.40 | $7.89K | 79,279 |
| Todd Schuster Director | Jan 24, 2025 | Award | +129 | $8.40 | $1.08K | 50,087 |
| Michael Gillmore Director | Jan 24, 2025 | Award | +939 | $8.40 | $7.89K | 79,279 |
| Wendy Silverstein Director | Jan 24, 2025 | Award | +939 | $8.40 | $7.89K | 79,279 |
| Avi Banyasz Director | Dec 27, 2024 | Award | +44,803 | – | – | 140,399 |
| Robert Foley Chief Financial Officer | Dec 27, 2024 | Award | +119,474 | – | – | 486,557 |
| Matthew Coleman President | Dec 27, 2024 | Award | +44,803 | – | – | 341,715 |
| Doug Bouquard Chief Executive Officer, Director | Dec 27, 2024 | Award | +418,517 | – | – | 1,027,999 |
| Julie Hong Director | Dec 27, 2024 | Award | +14,415 | – | – | 33,022 |
| Brandon C. Fox Chief Accounting Officer | Dec 27, 2024 | Award | +23,895 | – | – | 78,532 |
| Gregory White Director | Dec 27, 2024 | Award | +14,415 | – | – | 78,340 |
| Wendy Silverstein Director | Dec 27, 2024 | Award | +14,415 | – | – | 78,340 |
| Todd Schuster Director | Dec 27, 2024 | Award | +14,415 | – | – | 49,958 |
| Michael Bradley Smith Director | Dec 27, 2024 | Award | +14,415 | – | – | 78,340 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.