Long Pond Capital, LP: TPG RE FIN TR INC (TRTX): Quarterly 13F Position History
As of Q1 2026, Long Pond Capital, LP reported 7,029,102 shares of TPG RE FIN TR INC (TRTX), worth $54.9M and representing 5.6% of its 13F equity book. Quarter-over-quarter share count change: 3,524 (-0.1%) . The position first appeared in Q1 2024 and has been disclosed across 9 13F-HR filings in Pactolio's tracked window.
- 7,029,102Shares Held (Latest Filing)
- $54.9MReported Market Value (Latest Filing)
- 5.6%Portfolio Weight (% of 13F Equity Book)
- 3,524Quarter-over-Quarter Share Change
- -$5.7MQuarter-over-Quarter Value Change
- 7,303,626Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 9 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 7,029,102 | 3,524 | -0.1% | $54.9M | 5.6% | $7.8 |
| Q4 2025 | 7,032,626 | +134,000 | +1.9% | $60.6M | 7.1% | $8.6 |
| Q3 2025 | 6,898,626 | 405,000 | -5.5% | $59.1M | 4.3% | $8.6 |
| Q2 2025 | 7,303,626 | 0 | — | $56.4M | 3.7% | $7.7 |
| Q1 2025 | 7,303,626 | 0 | — | $59.5M | 4.0% | $8.2 |
| Q4 2024 | 7,303,626 | +3,938,800 | +117.1% | $62.1M | 3.3% | $8.5 |
| Q3 2024 | 3,364,826 | +511,932 | +17.9% | $28.7M | 1.3% | $8.5 |
| Q2 2024 | 2,852,894 | +697,736 | +32.4% | $24.6M | 1.3% | $8.6 |
| Q1 2024 | 2,155,158 | — | — | $16.6M | 1.0% | $7.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Long Pond Capital, LP first disclose a TRTX position in 13F-HR filings?
Long Pond Capital, LP first reported TPG RE FIN TR INC (TRTX) on its 13F-HR filing for the period ending 2024-03-31 (Q1 2024). The position has appeared on 9 reported quarters within Pactolio's tracked window.
What was Long Pond Capital, LP's most recent quarter-over-quarter share-count change in TRTX?
Between Q4 2025 and Q1 2026, Long Pond Capital, LP reduced its TRTX position by 3,524 shares (-0.1%), leaving 7,029,102 shares at a market value of $54.9M.
Does the implied price-per-share represent Long Pond Capital, LP's cost basis in TRTX?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.