TPG RE Finance Trust, Inc.
US ˙ NYSE ˙ US87266M1071

SecurityTRTX / TPG RE Finance Trust, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership966,855 shares
Latest Disclosed Value $ 7,551,141
Morgan Stanley reports 4.17% decrease in ownership of TRTX / TPG RE Finance Trust, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 966,855 shares of TPG RE Finance Trust, Inc. (US:TRTX) valued at $7,551,138 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,008,925 shares of TPG RE Finance Trust, Inc.. This represents a change in shares of -4.17% during the quarter. The current value of the position is $8,169,925 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F TPG RE FIN TR COM 87266M107 966,855 -42,070 -4.17 7,551 -13.07 0.0005
2026-05-27 2025-12-31 13F/A-1 TPG RE FIN TR COM 87266M107 1,008,925 -1,944,988 -65.84 8,687 -65.65 0.0005
2026-02-13 2025-12-31 13F TPG RE FIN TR COM 87266M107 1,008,925 -1,944,988 8,687 0.0005
2026-05-27 2025-09-30 13F/A-1 TPG RE FIN TR COM 87266M107 2,953,913 -1,047,702 -26.18 25,286 -18.15 0.0015
2025-11-14 2025-09-30 13F TPG RE FIN TR COM 87266M107 2,953,913 -1,047,702 25,286 0.0015
2025-08-15 2025-06-30 13F TPG RE FIN TR COM 87266M107 4,001,615 460 0.01 30,892 -5.27 0.0020
2025-05-15 2025-03-31 13F TPG RE FIN TR COM 87266M107 4,001,155 230,587 6.12 32,609 1.75 0.0023
2025-05-15 2024-12-31 13F/A-1 TPG RE FIN TR COM 87266M107 3,770,568 333,346 9.70 32,050 9.31 0.0022
2025-02-14 2024-12-31 13F TPG RE FIN TR COM 87266M107 3,770,568 333,346 32,050 0.0022
2025-05-14 2024-09-30 13F/A-2 TPG RE FIN TR COM 87266M107 3,437,222 3,159,094 1,135.84 29,320 1,120.10 0.0021
2025-02-14 2024-09-30 13F/A-1 TPG RE FIN TR COM 87266M107 3,437,222 3,159,094 29,320 0.0021
2024-11-14 2024-09-30 13F TPG RE FIN TR COM 87266M107 3,437,222 3,159,094 29,320 0.0003
2025-05-14 2024-06-30 13F/A-2 TPG RE FIN TR COM 87266M107 278,128 39,938 16.77 2,403 30.74 0.0002
2024-10-17 2024-06-30 13F/A-1 TPG RE FIN TR COM 87266M107 278,128 39,938 2,403 0.0002
2024-08-14 2024-06-30 13F TPG RE FIN TR COM 87266M107 278,128 39,938 2,403 0.0002
2024-10-17 2024-03-31 13F/A-2 TPG RE FIN TR COM 87266M107 238,190 -48,643 -16.96 1,839 -1.39 0.0001
2024-08-16 2024-03-31 13F/A-1 TPG RE FIN TR COM 87266M107 238,190 -48,643 1,839 0.0000
2024-05-15 2024-03-31 13F TPG RE FIN TR COM 87266M107 238,190 -48,643 1,839 0.0001
2024-08-16 2023-12-31 13F/A-1 TPG RE FIN TR COM 87266M107 286,833 61,447 27.26 1,864 22.96 0.0002
2024-02-13 2023-12-31 13F TPG RE FIN TR COM 87266M107 286,833 61,447 1,864 0.0002
2023-11-15 2023-09-30 13F TPG RE FIN TR COM 87266M107 225,386 51,290 29.46 1,517 17.52 0.0002
2023-08-14 2023-06-30 13F TPG RE FIN TR COM 87266M107 174,096 74,866 75.45 1,290 79.17 0.0001
2023-05-15 2023-03-31 13F TPG RE FIN TR COM 87266M107 99,230 -39,366 -28.40 720 -23.49 0.0001
2023-02-14 2022-12-31 13F TPG RE FIN TR COM 87266M107 138,596 -67,623 -32.79 941 -34.83 0.0001
2022-11-14 2022-09-30 13F TPG RE FIN TR COM 87266M107 206,219 33,748 19.57 1,444 -7.14 0.0002
2022-10-27 2022-06-30 13F/A-1 TPG RE FIN TR COM 87266M107 172,471 77,340 81.30 1,555 38.47 0.0002
2022-08-15 2022-06-30 13F TPG RE FIN TR COM 87266M107 172,471 77,340 1,555 0.0000
2022-10-27 2022-03-31 13F/A-1 TPG RE FIN TR COM 87266M107 95,131 22,129 30.31 1,123 24.92 0.0002
2022-05-13 2022-03-31 13F TPG RE FIN TR COM 87266M107 95,131 22,129 1,123 0.0002
2022-02-14 2021-12-31 13F TPG RE FIN TR COM 87266M107 73,002 7,009 10.62 899 10.31 0.0001
2021-11-15 2021-09-30 13F TPG RE FIN TR COM 87266M107 65,993 18,671 39.46 815 27.94 0.0001
2021-08-23 2021-06-30 13F/A-1 TPG RE FIN TR COM 87266M107 47,322 17,139 56.78 637 88.46 0.0001
2021-08-16 2021-06-30 13F TPG RE FIN TR COM 87266M107 47,322 17,139 637 0.0000
2021-05-17 2021-03-31 13F TPG RE FIN TR COM 87266M107 30,183 -25,826 -46.11 338 -43.19 0.0000
2021-02-16 2020-12-31 13F TPG RE FIN TR COM 87266M107 56,009 42,071 301.84 595 404.24 0.0001
2020-11-13 2020-09-30 13F TPG RE FIN TR COM 87266M107 13,938 -20,030 -58.97 118 -59.73 0.0000
2020-08-14 2020-06-30 13F TPG RE FIN TR COM 87266M107 33,968 -116,151 -77.37 293 -64.44 0.0001
2020-05-26 2020-03-31 13F/A-1 TPG RE FIN TR COM 87266M107 150,119 -177,731 -54.21 824 -87.60 0.0002
2020-05-15 2020-03-31 13F TPG RE FIN TR COM 87266M107 150,119 -177,731 824 63.3004
2020-02-14 2019-12-31 13F TPG RE FIN TR COM 87266M107 327,850 171,273 109.39 6,646 113.90 0.0015
2019-11-14 2019-09-30 13F TPG RE FIN TR COM 87266M107 156,577 78,143 99.63 3,107 105.22 0.0008
2019-08-14 2019-06-30 13F TPG RE FIN TR COM 87266M107 78,434 -873,699 -91.76 1,514 -91.89 0.0004
2019-05-15 2019-03-31 13F TPG RE FIN TR COM 87266M107 952,133 772,322 429.52 18,662 467.58 0.0053
2019-02-14 2018-12-31 13F TPG RE FIN TR COM 87266M107 179,811 63,918 55.15 3,288 41.72 0.0010
2019-04-23 2018-09-30 13F/A-2 TPG RE FIN TR COM 87266M107 115,893 47,420 69.25 2,320 66.79 0.0006
2018-11-20 2018-09-30 13F/A-1 TPG RE FIN TR COM 87266M107 115,893 0 2,320 0.0006
2018-11-14 2018-09-30 13F TPG RE FIN TR COM 87266M107 115,893 47,420 2,320
2019-04-23 2018-06-30 13F/A-1 TPG RE FIN TR COM 87266M107 68,473 20,026 41.34 1,391 44.29 0.0004
2018-08-14 2018-06-30 13F TPG RE FIN TR COM 87266M107 68,473 20,026 1,391
2019-04-23 2018-03-31 13F/A-1 TPG RE FIN TR COM 87266M107 48,447 21,831 82.02 964 90.14 0.0003
2018-05-14 2018-03-31 13F TPG RE FIN TR COM 87266M107 48,447 21,831 964
2019-04-23 2017-12-31 13F/A-1 TPG RE FIN TR COM 87266M107 26,616 -2,072 -7.22 507 -10.58 0.0001
2018-02-14 2017-12-31 13F TPG RE FIN TR COM 87266M107 26,616 -2,072 507
2017-11-14 2017-09-30 13F TPG RE FIN TR COM 87266M107 28,688 28,688 567 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.