TRTX TPG RE Finance Trust, Inc. Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$8.03
Price · Aug 19, 2026
Fundamentals as of Jul 28, 2026
52W Range
$8–$10
20% of range
Analyst Rating
BUY
12 analysts
Price Target
$10
+23% upside
P/E (TTM)
14.1
ROE
5.6%
Net Profit Margin
41.3%

TRTX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$8.03
Market Cap
$629M
P/E (TTM)
14.1
EPS (TTM)
$0.57
Revenue (TTM)
—
Div Yield
—
ROE
5.6%
Debt/Equity
—
52W Range
$8 – $10

TRTX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS $0.57
10-point trend, -66.3%
2016-12-31 → 2025-12-31
Free Cash Flow —
2017-12-31 → 2017-12-31
Margins 41.3%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
TRTX
Peer Median
P/E (TTM)
5-point trend, +6.7%
14.1
6.3
P/S (TTM)
5-point trend, -24.5%
4.3
1.6
P/B
5-point trend, -2.7%
0.6
0.6

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
TRTX
Peer Median
Net Profit Margin
5-point trend, -53.6%
41.3%
-7.5%
ROA
5-point trend, -46.0%
1.5%
-0.57%
ROE
5-point trend, -41.3%
5.6%
-3.4%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
TRTX
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
TRTX
Peer Median
Revenue YoY
-4.6%
—
Revenue CAGR 3Y
0.27%
—
Revenue CAGR 5Y
-3.8%
—
EPS YoY
5-point trend, -34.5%
-24.0%
—
Net Income YoY
5-point trend, -56.5%
-18.9%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
TRTX
Peer Median
EPS (Diluted)
5-point trend, -34.5%
$0.57
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
TRTX
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
Ex-dateAmount
June 26, 2026$0.2400
March 27, 2026$0.2400
Dec. 26, 2025$0.2400
Sept. 26, 2025$0.2400
June 27, 2025$0.2400
March 28, 2025$0.2400
Dec. 27, 2024$0.2400
Sept. 27, 2024$0.2400
June 27, 2024$0.2400
March 27, 2024$0.2400
Dec. 28, 2023$0.2400
Sept. 27, 2023$0.2400
June 27, 2023$0.2400
March 28, 2023$0.2400
Dec. 28, 2022$0.2400
Sept. 27, 2022$0.2400
June 27, 2022$0.2400
March 28, 2022$0.2400
Dec. 28, 2021$0.3100
Sept. 28, 2021$0.2400

TRTX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 12 analysts
  • Strong Buy 4 33.3%
  • Buy 6 50.0%
  • Hold 1 8.3%
  • Sell 1 8.3%
  • Strong Sell 0 0.0%

12-Month Price Target

6 analysts · 2026-08-13
Median target $10.00 +24.5%
Mean target $9.88 +23.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.23 $0.26 -0.03%
March 31, 2026 $0.25 $0.26 -0.01%
Dec. 31, 2025 $0.24 $0.26 -0.02%
Sept. 30, 2025 $0.25 $0.26 -0.01%
June 30, 2025 $0.24 $0.23 0.01%
March 31, 2025 $0.24 $0.26 -0.02%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
TRTX $674M 15.1 -4.6% 41.3% 5.6% —
ARI — 12.0 -10.6% — — —
PMT $1.09B 12.7 — -656.4% 6.8% —
IVR $604M 6.4 104.8% 134.3% 13.4% —
FBRT $818M 15.7 20.9% 30.5% 5.6% —
BRSP — -21.5 -7.9% -9.4% -3.1% —
RWT — — — — — —
KREF $529M -7.8 -25.8% -41.8% -3.7% —
NREF $262M 4.9 67.7% 261.0% 33.5% —
RC $355M -1.5 3.0% -217.3% -13.1% —
REFI $258M 7.3 — 65.0% 11.7% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 10
Annual Income Statement data for TRTX
Metric Trend 2025202420232022202120202019201820172016
SG&A Expense 10-point trend, +94.2% $4M $4M $4M $4M $4M $4M $3M $3M $3M $2M
Interest Expense 8-point trend, +344.2% · · $274M $161M $85M $107M $175M $126M $78M $62M
Interest Income 10-point trend, +88.9% $290M $307M $363M $303M $240M $284M $340M $266M $199M $154M
Pretax Income 10-point trend, -13.2% $61M $75M $-116M $-60M $140M $-137M $127M $107M $94M $70M
Income Tax 10-point trend, +7660.0% $378.0K $399.0K $259.0K $530.0K $1M $305.0K $579.0K $340.0K $146.0K $-5.0K
Net Income 10-point trend, -13.8% $60M $74M $-117M $-60M $139M $-137M $126M $107M $94M $70M
EPS (Basic) 10-point trend, -66.3% $0.57 $0.75 $-1.69 $-0.95 $0.92 $-2.03 $1.73 $1.70 $1.74 $1.69
EPS (Diluted) 10-point trend, -66.3% $0.57 $0.75 $-1.69 $-0.95 $0.87 $-2.03 $1.73 $1.70 $1.74 $1.69
Shares (Basic) 10-point trend, +91.5% 79,299,265 79,801,990 77,575,788 77,296,524 76,977,743 76,656,756 72,743,171 63,034,806 54,194,596 41,406,026
Shares (Diluted) 10-point trend, +91.9% 79,445,823 79,888,044 77,575,788 77,296,524 81,684,388 76,656,756 72,743,171 63,034,806 54,194,596 41,406,026
Balance Sheet 12
Annual Balance Sheet data for TRTX
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents 10-point trend, -15.0% $88M $190M $206M $254M $261M $320M $79M $40M $75M $103M
Intangibles 3-point trend, -48.7% $15M $22M $29M · · · · · · ·
Total Assets 10-point trend, +65.3% $4.41B $3.73B $4.21B $5.55B $5.22B $4.91B $5.89B $4.53B $3.36B $2.67B
Total Liabilities 10-point trend, +97.0% $3.34B $2.62B $3.09B $4.22B $3.75B $3.44B $4.39B $3.20B $2.15B $1.69B
Long-term Debt 5-point trend, -11.1% $3.31B $2.57B $3.05B $4.18B $3.72B · · · · ·
Common Stock 5-point trend, +1.3% $78.0K $81.0K $77.0K $77.0K $77.0K · · · · ·
Paid-in Capital 10-point trend, +77.7% $1.74B $1.73B $1.72B $1.72B $1.71B $1.56B $1.53B $1.36B $1.22B $979M
Retained Earnings 10-point trend, -6581.0% $-673M $-617M $-600M $-395M $-247M $-293M $-28M $-26M $-15M $-10M
AOCI 4-point trend, -15.9% · · · · · · $1M $-2M $-34.0K $1M
Stockholders' Equity 10-point trend, +10.0% $1.07B $1.11B $1.12B $1.32B $1.46B $1.27B $1.50B $1.33B $1.20B $971M
Liabilities + Equity 10-point trend, +65.3% $4.41B $3.73B $4.21B $5.55B $5.22B $4.91B $5.89B $4.53B $3.36B $2.67B
Shares Outstanding 10-point trend, +65.7% 78,318,722 81,003,693 77,868,565 77,410,282 77,183,892 76,787,006 74,886,113 66,020,387 59,440,112 47,251,165
Cash Flow 11
Annual Cash Flow data for TRTX
Metric Trend 2025202420232022202120202019201820172016
Stock-based Comp 9-point trend, +29618.2% $10M $6M $8M $5M $6M $6M $3M $665.0K $33.0K ·
Operating Cash Flow 10-point trend, +5.4% $90M $112M $80M $100M $132M $132M $122M $108M $91M $86M
CapEx 2-point trend, -77.8% · · · · · · · · $111.0K $500.0K
Investing Cash Flow 10-point trend, -44.9% $-790M $441M $1.10B $-453M $-343M $965M $-1.31B $-1.19B $-703M $-545M
Stock Issued 7-point trend, -100.0% · · · $0 $0 $13M $175M $139M $244M $245M
Stock Repurchased 4-point trend, +25349000.00 $25M $37.0K $0 $0 · · · · · ·
Net Stock Activity 5-point trend, -118.2% $-25M $-37.0K · $0 · $13M · $139M · ·
Financing Cash Flow 10-point trend, +30.6% $597M $-569M $-1.22B $345M $152M $-857M $1.23B $1.05B $583M $457M
Net Change in Cash 10-point trend, -5072.9% $-102M $-17M $-47M $-7M $-59M $240M $39M $-35M $-28M $-2M
Free Cash Flow · · · · · · · · $91M ·
Levered FCF · · · · · · · · $13M ·
Profitability 4
Annual Profitability data for TRTX
Metric Trend 2025202420232022202120202019201820172016
Net Margin 8-point trend, -46.5% 41.3% 48.5% -100.2% -41.4% 89.0% -77.3% · 75.9% 77.1% ·
Pretax Margin 8-point trend, -46.2% 41.5% 48.8% -100.0% -41.1% 89.7% -77.1% · 76.1% 77.2% ·
ROA 8-point trend, -52.7% 1.5% 1.9% -2.4% -1.1% 2.7% -2.5% · 2.7% 3.1% ·
ROE 8-point trend, -28.6% 5.6% 6.6% -10.3% -4.6% 9.5% -10.7% · 8.1% 7.8% ·
Efficiency 1
Annual Efficiency data for TRTX
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 8-point trend, -11.6% 0.0 0.0 0.0 0.0 0.0 0.0 · 0.0 0.0 ·
Per Share 6
Annual Per Share data for TRTX
Metric Trend 2025202420232022202120202019201820172016
Book Value / Share 8-point trend, -32.5% $13.64 $13.75 $14.44 $17.08 $18.98 $16.50 · $20.10 $20.21 ·
Revenue / Share 8-point trend, -18.5% $1.84 $1.92 $1.50 $1.88 $1.91 $2.31 · $2.23 $2.26 ·
Cash Flow / Share 8-point trend, -32.4% $1.14 $1.40 $1.03 $1.30 $1.62 $1.72 · $1.71 $1.68 ·
Cash / Share 8-point trend, -11.4% $1.12 $2.35 $2.65 $3.28 $3.38 $4.16 · $0.60 $1.26 ·
Dividend / Share 10-point trend, -40.7% $1 $1 $1 $1 $1 $1 $2 $2 $2 $2
EPS (TTM) 9-point trend, -67.2% $0.57 $0.75 $-1.69 $-0.95 $0.87 $-2.03 $1.73 $1.70 $1.74 ·
Growth Rates 7
Annual Growth Rates data for TRTX
Metric Trend 2025202420232022202120202019201820172016
Revenue YoY 5-point trend, +62.1% -4.6% 31.6% -19.7% -6.9% -12.1% · · · · ·
Revenue CAGR 3Y 3-point trend, +102.1% 0.27% -0.54% -13.0% · · · · · · ·
Revenue CAGR 5Y -3.8% · · · · · · · · ·
EPS YoY -24.0% · · · · · · · · ·
EPS CAGR 3Y · -4.8% · · · · · · · ·
Net Income YoY -18.9% · · · · · · · · ·
Net Income CAGR 3Y · -18.7% · · · · · · · ·
Valuation (TTM) 10
Annual Valuation (TTM) data for TRTX
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM 9-point trend, +19.4% $146M $153M $116M $145M $156M $177M $167M $141M $122M ·
Net Income TTM 9-point trend, -36.1% $60M $74M $-117M $-60M $139M $-137M $126M $107M $94M ·
Market Cap 8-point trend, -40.4% $674M $689M $506M $526M $951M $815M · $1.21B $1.13B ·
P/E 9-point trend, +38.0% 15.1 11.3 -3.8 -7.1 14.2 -5.2 11.7 10.8 10.9 ·
P/S 8-point trend, -50.1% 4.6 4.5 4.3 3.6 6.1 4.6 · 8.6 9.3 ·
P/B 8-point trend, -33.0% 0.6 0.6 0.5 0.4 0.6 0.6 · 0.9 0.9 ·
P / Tangible Book 6-point trend, -0.5% 0.6 0.6 0.5 0.4 0.6 0.6 · · · ·
P / Cash Flow 8-point trend, -39.9% 7.5 6.1 6.3 5.2 7.2 6.2 · 11.2 12.4 ·
P / FCF · · · · · · · · 12.4 ·
Earnings Yield 9-point trend, -27.5% 6.6% 8.8% -26.0% -14.0% 7.1% -19.1% 8.5% 9.3% 9.1% ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Net Income $60M$74M$-117M$-60M$139M
Diluted EPS $0.57$0.75$-1.69$-0.95$0.87

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Institutional owners (13F) 170 filers · $408.7M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
23 (-2 vs prior Q) 15 (-7 vs prior Q) 62 (+22 vs prior Q) 38 (-22 vs prior Q) +1.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Long Pond Capital, LP $58,833,584 7,029,102 14.39% Shares
VANGUARD CAPITAL MANAGEMENT LLC $28,063,229 3,352,835 6.87% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $27,511,855 3,286,960 6.73% Shares
State of New Jersey Common Pension Fund A $26,358,369 3,149,148 6.45% Shares
TPG GP A, LLC $20,028,263 2,392,863 4.90% Shares
GRATIA CAPITAL, LLC $17,303,577 2,067,333 4.23% Shares
STATE STREET CORP $15,791,663 1,836,490 3.86% Shares
GEODE CAPITAL MANAGEMENT, LLC $14,008,094 1,673,081 3.43% Shares
TWO SIGMA ADVISERS, LP $12,452,643 1,446,300 3.05% Shares
TWO SIGMA INVESTMENTS, LP $12,205,594 1,458,255 2.99% Shares
Qube Research & Technologies Ltd $10,750,328 1,284,388 2.63% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $10,617,052 1,268,465 2.60% Shares
CITIGROUP INC $9,960,342 1,190,005 2.44% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $9,414,576 1,124,800 2.30% Call option
One William Street Capital Management, L.P. $8,955,900 1,070,000 2.19% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $8,889,903 1,062,115 2.18% Shares
FMR LLC $7,204,394 860,740 1.76% Shares
VAN ECK ASSOCIATES CORP $6,830,740 816,098 1.67% Shares
Caption Management, LLC $6,696,000 800,000 1.64% Call option
DIMENSION CAPITAL MANAGEMENT LLC $6,062,533 724,317 1.48% Shares
Balyasny Asset Management L.P. $5,290,133 632,035 1.29% Shares
CONDOR CAPITAL MANAGEMENT $5,226,275 624,405 1.28% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $4,946,570 590,988 1.21% Shares
GOLDMAN SACHS GROUP INC $4,277,355 511,034 1.05% Shares
VANGUARD FIDUCIARY TRUST CO $4,210,579 503,056 1.03% Shares
WELLS FARGO & COMPANY/MN $4,185,000 500,000 1.02% Call option
Focus Partners Wealth $3,916,349 467,885 0.96% Shares
WELLINGTON MANAGEMENT GROUP LLP $3,448,473 412,004 0.84% Shares
Cercano Management LLC $3,361,451 401,607 0.82% Shares
Almitas Capital LLC $3,035,665 362,684 0.74% Shares
Solel Partners LP $2,928,144 349,838 0.72% Shares
Nokomis Capital, L.L.C. $2,618,956 312,898 0.64% Shares
NORGES BANK $2,417,256 288,800 0.59% Shares
ALLIANCEBERNSTEIN L.P. $2,238,893 286,670 0.55% Shares
FJ Capital Management LLC $2,090,307 249,738 0.51% Shares
BANK OF AMERICA CORP /DE/ $1,832,377 218,922 0.45% Shares
BARCLAYS PLC $1,824,258 217,952 0.45% Shares
Bracebridge Capital, LLC $1,524,654 182,157 0.37% Shares
JUPITER ASSET MANAGEMENT LTD $1,390,165 166,089 0.34% Shares
XTX Topco Ltd $1,200,015 143,371 0.29% Shares
Swiss National Bank $1,184,355 141,500 0.29% Shares
MILLENNIUM MANAGEMENT LLC $1,157,044 138,237 0.28% Shares
STATE OF WISCONSIN INVESTMENT BOARD $1,092,235 130,494 0.27% Shares
Bouchey Financial Group, Ltd. $1,091,413 126,761 0.27% Shares
RENAISSANCE TECHNOLOGIES LLC $1,089,816 130,205 0.27% Shares
JANE STREET GROUP, LLC $1,070,858 127,940 0.26% Shares
JENNISON ASSOCIATES LLC $1,033,988 123,535 0.25% Shares
Y-Intercept (Hong Kong) Ltd $896,586 107,119 0.22% Shares
RHUMBLINE ADVISERS $827,064 98,814 0.20% Shares
Redhawk Wealth Advisors, Inc. $812,285 97,047 0.20% Shares
CAXTON ASSOCIATES LLP $748,429 89,418 0.18% Shares
Cubist Systematic Strategies, LLC $737,393 86,144 0.18% Shares
Bank of New York Mellon Corp $686,256 81,990 0.17% Shares
Atom Investors LP $681,787 81,456 0.17% Shares
DEUTSCHE BANK AG\ $621,858 74,296 0.15% Shares
Schonfeld Strategic Advisors LLC $616,724 73,683 0.15% Shares
CAXTON ASSOCIATES LP $596,590 70,187 0.15% Shares
Nebula Research & Development LLC $578,560 74,943 0.14% Shares
CITADEL ADVISORS LLC $578,367 69,100 0.14% Call option
Caption Management, LLC $562,857 67,247 0.14% Shares
RAYMOND JAMES FINANCIAL INC $562,109 67,158 0.14% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $556,488 66,486 0.14% Shares
BlackRock, Inc. $533,897 63,787 0.13% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $522,356 66,883 0.13% Shares
WELLS FARGO & COMPANY/MN $498,710 59,583 0.12% Shares
VOYA INVESTMENT MANAGEMENT LLC $484,246 57,855 0.12% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $458,052 53,200 0.11% Shares
VANGUARD ASSET MANAGEMENT, Ltd $450,699 53,847 0.11% Shares
CWM, LLC $391,476 50,125 0.10% Shares
MetLife Investment Management, LLC $347,129 41,473 0.08% Shares
Quantinno Capital Management LP $341,017 40,742 0.08% Shares
Engineers Gate Manager LP $314,712 37,600 0.08% Shares
FEDERATED HERMES, INC. $310,720 37,123 0.08% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $301,872 36,066 0.07% Shares
Vanguard Global Advisers, LLC $261,604 31,255 0.06% Shares
AlphaQuest LLC $257,163 29,868 0.06% Shares
Creative Planning $251,477 30,045 0.06% Shares
CANADA PENSION PLAN INVESTMENT BOARD $232,686 27,800 0.06% Shares
Invesco Ltd. $231,757 27,689 0.06% Shares
FOX RUN MANAGEMENT, L.L.C. $222,433 26,575 0.05% Shares
UBS Group AG $218,131 26,061 0.05% Shares
State of Wyoming $210,949 25,203 0.05% Shares
VICTORY CAPITAL MANAGEMENT INC $188,141 22,478 0.05% Shares
NEW YORK STATE COMMON RETIREMENT FUND $184,835 22,083 0.05% Shares
JANUS HENDERSON GROUP PLC $175,624 22,444 0.04% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $165,115 19,727 0.04% Shares
ARIZONA STATE RETIREMENT SYSTEM $162,863 19,458 0.04% Shares
Pine Valley Investments Ltd Liability Co $160,572 18,825 0.04% Shares
Police & Firemen's Retirement System of New Jersey $157,950 18,871 0.04% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $150,007 17,922 0.04% Shares
VANGUARD GROUP INC $135,194 15,702 0.03% Shares
Mariner, LLC $134,842 16,111 0.03% Shares
Vanguard Investments Australia, Ltd. $131,426 15,702 0.03% Shares
INTECH INVESTMENT MANAGEMENT LLC $129,224 15,439 0.03% Shares
IEQ CAPITAL, LLC $127,877 15,278 0.03% Shares
KLP KAPITALFORVALTNING AS $127,753 14,900 0.03% Shares
BNP PARIBAS FINANCIAL MARKETS $122,244 14,605 0.03% Shares
D. E. Shaw & Co., Inc. $108,843 13,004 0.03% Shares
STRS OHIO $107,973 12,900 0.03% Shares
PRUDENTIAL FINANCIAL INC $100,566 12,015 0.02% Shares

Company insiders 16 insiders · 7 officers · 11 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Doug Bouquard Chief Executive Officer June 30, 2026 F 1,070,146 0 0 $0
Greta Guggenheim CEO & President Dec. 17, 2020 A 599,589 0 0 $0
Robert Foley Chief Financial Officer June 30, 2025 F 428,326 0 0 $0
Matthew Coleman President June 30, 2026 F 326,961 0 0 $0
Brandon C Fox See Remark (A) June 30, 2026 F 87,577 0 0 $0
Peter A. Smith (3) Chief Investment Officer and Vice President. (4) Matthew Coleman is signing on behalf of Mr. Smith pursuant to the power of June 30, 2023 F 308,361 0 0 $0
Deborah J. Ginsberg (3) Vice President, General Counsel and Secretary. (4) Matthew Coleman is signing on behalf of Ms. Ginsberg pursuant to the pow June 30, 2023 F 145,185 0 0 $0
Michael Bradley Smith Director July 24, 2026 A 98,699 0 0 $0
Michael Gillmore Director July 24, 2026 A 98,699 0 0 $0
Todd Schuster Director July 24, 2026 A 63,978 0 0 $0
Wendy Silverstein Director July 24, 2026 A 98,699 0 0 $0
Julie Hong Clayton Director June 30, 2026 F 35,330 0 0 $0
Avi Banyasz Director June 30, 2026 F 162,322 0 0 $0
Edward J. Goldthorpe Director Dec. 24, 2025 A 2,169 0 0 $0
Gregory White Director Dec. 27, 2024 A 78,340 0 0 $0
Kelvin L. Davis Director Dec. 17, 2021 A 59,032 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 2 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Gratia Capital, LLC, Steve Pei ×2 filings April 21, 2026 3.70% Amendment Passive investment SEC
PE Holder, L.L.C., PE Holdings, L.L.C., SOF-XI U.S. Public MAR Holdings L.P., Starwood XI Management Holdings GP, L.L.C., Starwood XI Management, L.P., Starwood XI Management GP, L.L.C., Starwood Capital Group Global II, L.P., SCGG II GP, L.L.C., Starwood Capital Group Holdings GP, L.L.C., BSS SCG GP Holdings, LLC, Barry S. Sternlicht ×2 filings May 10, 2024 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 31 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SRET · Global X Funds 3.13% 874,779 NS April 30, 2026 N-PORT
REM · iShares Trust 1.30% 876,981 SH Aug. 8, 2026 Daily
RIET · ETF Series Solutions 1.08% 134,390 NS May 31, 2026 N-PORT
SDIV · Global X Funds 0.92% 1,391,472 NS April 30, 2026 N-PORT
PFF · iShares Trust 0.07% 494,353 SH Aug. 8, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.04% 62,186 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.04% 658,882 SH Aug. 8, 2026 Daily
FNDA · SCHWAB STRATEGIC TRUST 0.03% 352,030 NS May 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.02% 88,010 Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.02% 408,827 SH Aug. 8, 2026 Daily
GSSC · Goldman Sachs ETF Trust 0.02% 22,483 NS May 31, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.02% 6,641 Aug. 8, 2026 Daily
RSSL · Global X Funds 0.02% 30,953 NS April 30, 2026 N-PORT
IWM · iShares Trust 0.02% 1,840,662 SH Aug. 8, 2026 Daily
ITWO · ProShares Trust 0.02% 3,364 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.01% 371,380 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.01% 893,929 SH Aug. 8, 2026 Daily
VFH · VANGUARD WORLD FUND 0.01% 114,310 SH Aug. 8, 2026 Daily
FNCL · FIDELITY COVINGTON TRUST 0.01% 23,538 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.01% 2,631 NS May 31, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.01% 5,593 NS April 30, 2026 N-PORT
WSML · iShares Trust 0.01% 5,612 SH Aug. 8, 2026 Daily
URTY · ProShares Trust 0.01% 2,661 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 3,121 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 67 NS May 31, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.00% 3,914 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 45,894 NS May 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 90,402 SH Aug. 8, 2026 Daily
IWV · iShares Trust 0.00% 15,155 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 2,386,001 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 5,665 SH Aug. 8, 2026 Daily