TRTX Insider Trading

TPG RE Finance Trust, Inc. (TRTX) operates in the Real Estate sector, specifically the REIT - Mortgage industry, with a market capitalization near $443.0M, listed on NYSE, carrying a beta of 1.53 to the broader market. TPG RE Finance Trust, Inc. Led by Doug Bouquard, public since 2017-07-20.

In the last 12 months, TPG RE Finance Trust, Inc. insiders made 0 buy transactions and 0 sale transactions.

DateNameTypeSharesPriceValue
Jul 28, 2026Gillmore MichaelA-Award1,109$8.46$9.4K
Jul 28, 2026Schuster ToddA-Award152$8.46$1.3K
Jul 28, 2026SILVERSTEIN WENDYA-Award1,109$8.46$9.4K
Jul 28, 2026Smith Michael BradleyA-Award1,109$8.46$9.4K
Jul 2, 2026Banyasz AviF-InKind20,539$8.46$173.8K
Jul 2, 2026Coleman MatthewF-InKind34,696$8.46$293.5K
Jul 2, 2026Bouquard DougF-InKind223,533$8.46$1.9M
Jul 2, 2026Fox Brandon CF-InKind9,011$8.46$76.2K
Jul 2, 2026Hong JulieF-InKind6,195$8.46$52.4K
Apr 28, 2026Gillmore MichaelA-Award1,195$7.61$9.1K

TRTX Insider Activity by Quarter

Reported Form 4 and Form 5 lines under TRTX's own SEC company ID, by transaction date, back to Q4 2024. Purchases and sales are code P / S (open market or private) in the company's shares; other lines are purchases and sales of other securities (options, warrants, preferred), awards, exercises, tax withholding, gifts and other acquisitions and dispositions. Later filings and amendments can change the current quarter. Earlier quarters are not shown: the filings read reach back to Dec 4, 2017, and a quarter counts only when every filing for it was read.

QuarterPurchasesBoughtSalesSoldOther Lines
Q4 2026 (so far)0N/A0N/A0
Q3 20260N/A0N/A4
Q2 20260N/A0N/A9
Q1 20260N/A0N/A4
Q4 20250N/A0N/A14
Q3 20250N/A0N/A5
Q2 20250N/A0N/A10
Q1 20250N/A0N/A4
Q4 20240N/A0N/A16

TRTX Institutional Ownership (13F)

As of Jun 30, 2026 (Q2 2026), 154 institutions reported holding 58,390,822 TRTX shares, valued at $489.1M as reported, 73.9% of its market cap (market cap of Jun 26, 2026). That is -3 institutions from the quarter before. Among managers whose reports for both quarters are comparable, 15 opened a position, 14 closed one, 66 added and 40 trimmed.

Top Holders, Q2 2026

ManagerSharesValueChange
Long Pond Capital, LP7,029,102$58.8MUnchanged
BlackRock, Inc.6,497,688$54.4M+226,588
VANGUARD CAPITAL MANAGEMENT LLC3,352,835$28.1M+129,803
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.3,286,960$27.5M+105,664
State of New Jersey Common Pension Fund A3,149,148$26.4MUnchanged
TPG GP A, LLC2,392,863$20.0MUnchanged
GRATIA CAPITAL, LLC2,067,333$17.3M-634,416
GEODE CAPITAL MANAGEMENT, LLC1,955,268$16.4M+111,965
STATE STREET CORP1,836,490$15.8M-60,949
GOLDMAN SACHS GROUP INC1,516,270$12.7M+315,085

By Quarter

QuarterInstitutionsSharesValue
Q2 202615458,390,822$489.1M
Q1 202615757,789,381$452.0M
Q4 202515459,414,018$512.0M
Q3 202514059,060,923$506.0M
Q2 202513862,196,314$480.5M
Q1 202514763,016,612$514.0M
Q4 202415464,635,664$549.7M
Q3 202414955,175,407$471.0M
Q2 202413347,164,826$407.9M

From the SEC's Form 13F data sets: investment managers with $100 million or more in Section 13(f) securities report their holdings each quarter, up to 45 days after it ends; a restated filing replaces the original, and values are as the managers reported them (a position whose price runs about 1,000 times below other managers', from a manager whose positions mostly do, is read as reported in thousands of dollars). The same shares can be reported by more than one manager, so totals can count some twice.

ETFs Holding TRTX

FundWeight of TRTXShares (as reported)Value (as reported)Source updated
IWM iShares Russell 2000 ETF0.01%1,915,122$11.4MOct 8, 2026
SDIV Global X - SuperDividend ETF0.71%1,386,675$8.4MOct 7, 2026
REM iShares Mortgage Real Estate ETF1.48%1,127,693$6.7MOct 8, 2026
MORT VanEck Mortgage REIT Income ETF1.84%963,847$5.8MOct 8, 2026
SRET Global X - SuperDividend REIT ETF2.81%958,165$5.8MOct 7, 2026
FESM Fidelity Enhanced Small Cap ETF0.09%957,437$5.7MOct 8, 2026
SCHA Schwab U.S. Small-Cap ETF0.01%400,211$2.4MOct 8, 2026
FDM First Trust Dow Jones Select MicroCap Index Fund0.76%334,480$2.0MOct 8, 2026
FNDA Schwab Fundamental U.S. Small Company Index ETF0.02%320,596$1.9MOct 7, 2026
RIET Hoya Capital High Dividend Yield ETF1.00%164,617$981.1KOct 8, 2026
ITOT iShares Core S&P Total U.S. Stock Market ETF0.00%90,506$539.4KOct 8, 2026
PRFZ Invesco RAFI US 1500 Small-Mid ETF0.02%86,201$513.8KOct 8, 2026
GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF0.03%60,498$366.0KOct 8, 2026
RSSL Global X - Russell 2000 ETF0.02%36,247$219.3KOct 7, 2026
DVDN Kingsbarn Dividend Opportunity ETF5.29%23,180$140.2KOct 8, 2026

From each fund's latest holdings file on record that shows TRTX's listed security itself. A file counts when its line count is consistent with the fund's reported holdings count (at most twice it plus 10, or at most 1,000 lines for a reported count of exactly 10, which the data source gives many funds as a cap), read with that file or inherited from the fund's last classified file (within 20% of its line count, read within 60 days). Funds whose line for the company could not be confirmed as TRTX's listed security, or that hold it through underlying funds (look-through), are not listed. Only long positions count: a fund is left out when any of its lines for TRTX reports a negative weight, share count or value, or none of them above zero (a short position, or figures that disagree). Shares, value and weight are as reported in each fund's file, dated by the data source's last update of that file (not the date of the positions); the weight is TRTX's share of that fund.

How to Read TRTX Insider Activity

Net insider activity is balanced over the trailing twelve months: 0 buys against 0 sales. Balanced activity typically reflects routine compensation-related vesting and tax-driven liquidity rather than directional information signals. The transaction table above includes the filer's reporting name, transaction type, share count, per-share price, and total dollar value where computable. For options traders, insider activity is one input to event-driven sizing alongside earnings calendar, analyst-rating cluster moves, and the implied-vol surface. Form 4 filings (the dominant Section 16 reporting form) must be submitted within two business days of the transaction; clusters of buys across multiple insiders within a short window are the strongest informational pattern. SEC EDGAR carries the underlying source filings for verification and additional historical depth.

Learn how insider trading is reported and how to read the data →

Frequently asked TRTX insider trading questions

How active are TRTX insiders right now?
Over the trailing twelve months, TPG RE Finance Trust, Inc. (TRTX) insiders made 0 buy transactions and 0 sale transactions. Net insider activity over the trailing twelve months is balanced (0 buys, 0 sales). The transaction list above shows the most recent filings; each entry includes the insider's name, transaction type, share count, and per-share price.
What counts as an insider transaction?
Section 16 of the Securities Exchange Act requires officers, directors, and 10% beneficial-owner shareholders to disclose changes in their holdings via Form 3 (initial statement), Form 4 (subsequent transactions, filed within two business days), and Form 5 (annual catch-up). Insider transactions cover open-market purchases and sales, exercise of stock options, gifts, and grants. The "transaction type" field on each row distinguishes these subcategories.
Are TRTX insider buys a bullish signal?
Insider purchases (Type P, made on the open market or privately; the code covers both) carry more informational weight than insider sales: an insider must commit personal capital, and the SEC scrutinizes purchases under Rule 10b5-1 for material non-public information. Sales, by contrast, are often driven by liquidity, tax planning, or pre-scheduled 10b5-1 trading plans rather than negative information. Cluster buying (multiple insiders buying within a short window) is a stronger signal than isolated buys.
How do TRTX insider transactions affect options pricing?
Insider transaction data does not directly drive implied volatility, but Form 4 disclosures can move single-name IV if the size or timing is unusual (e.g. a large CEO buy ahead of an earnings window). Options markets price the marginal informational content; routine transactions under pre-scheduled plans are typically ignored. For event-driven options sizing, pair the insider transaction history with the upcoming earnings calendar.