TPG GP A, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), TPG GP A, LLC reported 56 stock positions worth $4.7 billion. Its top holding was Lifestance Health (LFST) at 25.6% of the portfolio, followed by Space Exploration Techn Class A (SPCX, 15.7%) and Jackson Financial Class A (JXN, 10.3%). Compared with Q1 2026, it opened 17 new positions, sold out of 10, added to 6 and reduced 13. The biggest buy was a new position in Space Exploration Techn Class A (SPCX) and the biggest sale Life Time (LTH, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001903793
- Portfolio Value
- $4.7B (Q2 2026)
- SEC Filing
- 0001903793-26-000003 ↗ filed Aug 14, 2026
Holdings Value
Holdings 56 stocks · $4.7B
| LFST Lifestance Health Group Inc. | 25.62% | 111,744,614 | $1.2B | Reduce -20.2% |
| SPCX Space Exploration Techn Class A | 15.73% | 4,300,035 | $734.7M | New |
| JXN Jackson Financial Inc. Class A | 10.34% | 4,715,554 | $482.8M | No change |
| LTH Life Time Group Holdings Inc. | 6.90% | 7,894,910 | $322.4M | Reduce -55.7% |
| SION Sionna Therapeutics Inc. | 6.12% | 6,494,962 | $285.7M | No change |
| BETA Beta Technologies Inc. Class A | 5.88% | 16,395,435 | $274.6M | No change |
| AMRX Amneal Pharmaceuticals Inc. | 4.57% | 12,328,767 | $213.4M | No change |
| INVH Invitation Homes Inc. | 2.66% | 4,113,763 | $124.3M | New |
| NGL NGL Energy Partners LP | 1.97% | 5,784,322 | $92.1M | Reduce -2.5% |
| BCAX Bicara Therapeutics Inc. | 1.91% | 3,010,425 | $89.4M | No change |
| CBLL Ceribell Inc. | 1.57% | 3,761,154 | $73.2M | Reduce -5.2% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | 1.52% | 56,633,000 | $71.2M | No change |
| ODTX Odyssey Therapeutics Inc. | 1.48% | 3,690,146 | $69.0M | New |
| ACHV Achieve Life Sciences Inc. | 0.96% | 6,877,580 | $44.9M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | 0.91% | 29,750,000 | $42.3M | Reduce -25.6% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | 0.90% | 34,000,000 | $42.1M | No change |
| ALLO Allogene Therapeutics Inc. | 0.83% | 18,716,306 | $38.9M | No change |
| NX Quanex Building Products | 0.82% | 2,054,770 | $38.3M | No change |
| DOORDASH INC (DASH 0 05/15/30) | 0.65% | 31,000,000 | $30.5M | New |
| PG&E CORP (PCG 4.25 12/01/27) | 0.62% | 28,500,000 | $29.1M | Reduce -33.7% |
| NVRI Enviri Corp. | 0.55% | 1,164,560 | $25.6M | Reduce -3.3% |
| AVLN Avalyn Pharma Inc. | 0.54% | 773,069 | $25.4M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | 0.51% | 19,975,000 | $23.8M | Reduce -20.0% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | 0.50% | 23,250,000 | $23.5M | Reduce -49.7% |
| FIRSTENERGY CORP (FE 3.625 01/15/29) | 0.47% | 20,000,000 | $21.8M | New |
| TRTX TPG Re Finance Trust Inc. | 0.43% | 2,392,863 | $20.0M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.25 05/15/33) | 0.41% | 13,175,000 | $19.2M | New |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | 0.38% | 14,000,000 | $17.8M | Add +100.0% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | 0.37% | 17,500,000 | $17.2M | Reduce -43.5% |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | 0.33% | 15,000,000 | $15.6M | New |
| GOLAR LNG LTD (GLNG 2.75 12/15/30) | 0.30% | 12,500,000 | $14.2M | New |
| LCI INDUSTRIES (LCII 3 03/01/30) | 0.30% | 12,500,000 | $14.0M | Reduce -40.5% |
| EA Electronic Arts Inc. | 0.29% | 65,000 | $13.3M | No change |
| NSC Norfolk Southern Corp. | 0.27% | 40,000 | $12.6M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | 0.24% | 10,000,000 | $11.1M | No change |
| GTLS Chart Industries Inc. | 0.22% | 50,000 | $10.4M | Add +66.7% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | 0.22% | 7,500,000 | $10.2M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.22% | 8,900,000 | $10.1M | Reduce -15.2% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | 0.18% | 10,000,000 | $8.6M | Add +100.0% |
| KVUE Kenvue Inc. | 0.16% | 400,000 | $7.6M | Add +33.3% |
| PEN Penumbra Inc. | 0.14% | 20,000 | $6.3M | No change |
| RLYB Rallybio Corp. | 0.13% | 378,551 | $6.1M | No change |
| WBD Warner Bros Discovery Inc. | 0.12% | 210,000 | $5.6M | Reduce -28.8% |
| DBRG Digitalbridge Group Inc. | 0.11% | 325,000 | $5.1M | Add +62.5% |
| NUVL Nuvalent Inc. Class A | 0.11% | 40,000 | $4.9M | New |
| ETSY INC (ETSY 0.25 06/15/28) | 0.09% | 4,727,000 | $4.3M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | 0.09% | 4,500,000 | $4.2M | No change |
| APGE Apogee Therapeutics Inc. | 0.07% | 25,000 | $3.3M | New |
| BLD Topbuild Corp. | 0.06% | 6,830 | $2.9M | New |
| MITT TPG Mortgage Investment Trus | 0.05% | 288,290 | $2.3M | No change |
| AES AES Corp. | 0.05% | 150,000 | $2.2M | New |
| TECH Bio-Techne Corp. | 0.05% | 30,000 | $2.1M | New |
| CHMI Cherry Hill Mortgage Investm | 0.04% | 734,800 | $1.7M | Add +32.0% |
| TRAVERE THERAPEUTICS INC (TVTX 0.5 05/15/32) | 0.03% | 1,000,000 | $1.2M | New |
| PAYO Payoneer Global Inc. | 0.01% | 83,946 | $478K | No change |
| NUVATION BIO INC (NUVB 0.75 07/01/32) | 0.00% | 100,000 | $104K | New |
Other holdings (26): bonds, preferreds, convertibles and warrants · $331.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 175,500 | $78.3M | Add +7.7% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 611,667 | $41.7M | Reduce -7.6% |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 825,000 | $39.3M | Add +43.5% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 250,000 | $29.2M | Reduce -56.5% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 680,000 | $28.2M | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 400,000 | $27.1M | New |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | 420,000 | $20.5M | Add +13.5% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 250,000 | $19.2M | Add +66.7% |
| SUPER MICRO COMPUTER INC (SMCI 7 06/01/29) | 7 DEP CM SR A WI | 300,000 | $15.3M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 250,000 | $15.2M | Reduce -23.1% |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 245,000 | $8.6M | Add +44.1% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 125,000 | $4.6M | Reduce -70.2% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 60,000 | $3.7M | No change |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 25,000 | $65K | No change |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 74,999 | $42K | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 50,000 | $37K | No change |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 587,999 | $15K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 25,000 | $10K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 30,000 | $7K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 25,000 | $5K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 25,000 | $3K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 33,100 | $3K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 50,000 | $2K | No change |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 25,000 | $1K | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 25,000 | $1K | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 16,666 | $170 | No change |
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q1 2026 → Q2 2026
| LTH Life Time Group Holdings Inc. | Reduce -55.7% | 6.90% | −7.15 |
| NVRI Enviri Corp. | Reduce -3.3% | 0.55% | −1.53 |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | Reduce -49.7% | 0.50% | −0.87 |
| BOX INC (BOX 1.5 09/15/29) | Sold out | 0.00% | −0.78 |
| PG&E CORP (PCG 4.25 12/01/27) | Reduce -33.7% | 0.62% | −0.68 |
| EVERGY INC (EVRG 4.5 12/15/27) | Reduce -25.6% | 0.91% | −0.67 |
| CBLL Ceribell Inc. | Reduce -5.2% | 1.57% | −0.56 |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | Reduce -43.5% | 0.37% | −0.50 |
| LFST Lifestance Health Group Inc. | Reduce -20.2% | 25.62% | −0.47 |
| LCI INDUSTRIES (LCII 3 03/01/30) | Reduce -40.5% | 0.30% | −0.44 |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | Reduce -20.0% | 0.51% | −0.33 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.27 |
| OS Onestream Inc. | Sold out | 0.00% | −0.23 |
| NGL NGL Energy Partners LP | Reduce -2.5% | 1.97% | −0.17 |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | Sold out | 0.00% | −0.17 |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | Reduce -15.2% | 0.22% | −0.14 |
| NUTANIX INC (NTNX 0.5 12/15/29) | Sold out | 0.00% | −0.13 |
| MASI Masimo Corp. | Sold out | 0.00% | −0.13 |
| WBD Warner Bros Discovery Inc. | Reduce -28.8% | 0.12% | −0.12 |
| SLAB Silicon Laboratories Inc. | Sold out | 0.00% | −0.09 |
| APLS Apellis Pharmaceuticals Inc. | Sold out | 0.00% | −0.06 |
| RVMD Revolution Medicines Inc. | Sold out | 0.00% | −0.01 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| SPCX Space Exploration Techn Class A | New | 15.73% | +15.73 |
| INVH Invitation Homes Inc. | New | 2.66% | +2.66 |
| ODTX Odyssey Therapeutics Inc. | New | 1.48% | +1.48 |
| ACHV Achieve Life Sciences Inc. | New | 0.96% | +0.96 |
| DOORDASH INC (DASH 0 05/15/30) | New | 0.65% | +0.65 |
| AVLN Avalyn Pharma Inc. | New | 0.54% | +0.54 |
| FIRSTENERGY CORP (FE 3.625 01/15/29) | New | 0.47% | +0.47 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.25 05/15/33) | New | 0.41% | +0.41 |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | New | 0.33% | +0.33 |
| GOLAR LNG LTD (GLNG 2.75 12/15/30) | New | 0.30% | +0.30 |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | Add +100.0% | 0.38% | +0.17 |
| NUVL Nuvalent Inc. Class A | New | 0.11% | +0.11 |
| APGE Apogee Therapeutics Inc. | New | 0.07% | +0.07 |
| BLD Topbuild Corp. | New | 0.06% | +0.06 |
| BILL HOLDINGS INC (BILL 0 04/01/30) | Add +100.0% | 0.18% | +0.05 |
| AES AES Corp. | New | 0.05% | +0.05 |
| TECH Bio-Techne Corp. | New | 0.05% | +0.05 |
| GTLS Chart Industries Inc. | Add +66.7% | 0.22% | +0.04 |
| TRAVERE THERAPEUTICS INC (TVTX 0.5 05/15/32) | New | 0.03% | +0.03 |
| DBRG Digitalbridge Group Inc. | Add +62.5% | 0.11% | +0.02 |
| KVUE Kenvue Inc. | Add +33.3% | 0.16% | +0.01 |
| NUVATION BIO INC (NUVB 0.75 07/01/32) | New | 0.00% | +0.00 |
| CHMI Cherry Hill Mortgage Investm | Add +32.0% | 0.04% | −0.00 |
Notes & Other Activity Q1 2026 → Q2 2026
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | Add +7.7% | 175,500 | $78.3M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | Reduce -7.6% | 611,667 | $41.7M |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | Add +43.5% | 825,000 | $39.3M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -56.5% | 250,000 | $29.2M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 400,000 | $27.1M |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | Add +13.5% | 420,000 | $20.5M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +66.7% | 250,000 | $19.2M |
| SUPER MICRO COMPUTER INC (SMCI 7 06/01/29) | 7 DEP CM SR A WI | New | 300,000 | $15.3M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -23.1% | 250,000 | $15.2M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | Sold out | 225,000 | $10.3Mbefore exit |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | Add +44.1% | 245,000 | $8.6M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -70.2% | 125,000 | $4.6M |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | Sold out | 25,000 | $74Kbefore exit |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | Sold out | 20,000 | $220before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $4.7B | LFST, SPCX, JXN, LTH, SION |
| Q1 2026 | 49 | $3.4B | LFST, JXN, LTH, SION, BETA |
| Q4 2025 | 10 | $2.7B | LFST, LTH, BETA, SION, AMRX |
| Q3 2025 | 9 | $1.8B | LFST, LTH, SION, AMRX, BCAX |
| Q2 2025 | 9 | $1.9B | LFST, LTH, SION, AMRX, CBLL |
| Q1 2025 | 27 | $5.0B | LFST, LTH, VIK, TTAN, PEGA |
| Q4 2024 | 31 | $6.2B | VIK, LFST, LTH, TTAN, MTN |
| Q3 2024 | 35 | $5.9B | VIK, LFST, LTH, PGRU, UNH |
| Q2 2024Amended | 34 | $6.4B | VIK, LTH, LFST, LW, PGRU |
| Q1 2024Amended | 34 | $5.2B | LFST, LTH, Nextracker Inc, Progyny Inc, ELV |