TPG GP A, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), TPG GP A, LLC reported 49 stock positions worth $3.4 billion. Its top holding was Lifestance Health (LFST) at 26.1% of the portfolio, followed by Jackson Financial Class A (JXN, 14.6%) and Life Time (LTH, 14.1%). Compared with Q4 2025, it opened 39 new positions and reduced 2. The biggest buy was a new position in Jackson Financial Class A (JXN) and the biggest sale Lifestance Health (LFST, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001903793
- Portfolio Value
- $3.4B (Q1 2026)
- SEC Filing
- 0001903793-26-000002 ↗ filed May 15, 2026
Holdings Value
Holdings 49 stocks · $3.4B
| LFST Lifestance Health Group Inc. | 26.09% | 140,026,557 | $892.0M | Reduce -12.9% |
| JXN Jackson Financial Inc. Class A | 14.58% | 4,715,554 | $498.5M | New |
| LTH Life Time Group Holdings Inc. | 14.05% | 17,830,652 | $480.4M | No change |
| SION Sionna Therapeutics Inc. | 7.62% | 6,494,962 | $260.4M | Reduce -3.7% |
| BETA Beta Technologies Inc. Class A | 7.05% | 16,395,435 | $241.0M | No change |
| AMRX Amneal Pharmaceuticals Inc. | 4.48% | 12,328,767 | $153.2M | No change |
| NGL NGL Energy Partners LP | 2.14% | 5,934,493 | $73.2M | New |
| CBLL Ceribell Inc. | 2.13% | 3,967,422 | $72.7M | No change |
| NVRI Enviri Corp. | 2.07% | 3,613,688 | $70.9M | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | 1.98% | 56,633,000 | $67.7M | New |
| BCAX Bicara Therapeutics Inc. | 1.75% | 3,010,425 | $59.9M | No change |
| EVERGY INC (EVRG 4.5 12/15/27) | 1.58% | 40,000,000 | $54.0M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | 1.38% | 46,250,000 | $47.0M | New |
| ALLO Allogene Therapeutics Inc. | 1.34% | 18,716,306 | $45.7M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | 1.30% | 43,000,000 | $44.5M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | 1.23% | 34,000,000 | $42.1M | New |
| NX Quanex Building Products | 1.08% | 2,054,770 | $36.9M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | 0.87% | 31,000,000 | $29.8M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | 0.84% | 24,975,000 | $28.6M | New |
| BOX INC (BOX 1.5 09/15/29) | 0.78% | 29,000,000 | $26.6M | New |
| LCI INDUSTRIES (LCII 3 03/01/30) | 0.74% | 21,000,000 | $25.2M | New |
| TRTX TPG Re Finance Trust Inc. | 0.55% | 2,392,863 | $18.7M | No change |
| EA Electronic Arts Inc. | 0.39% | 65,000 | $13.3M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.36% | 10,500,000 | $12.3M | New |
| NSC Norfolk Southern Corp. | 0.34% | 40,000 | $11.5M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | 0.30% | 10,000,000 | $10.4M | New |
| CWAN Clearwater Analytics HDS-A | 0.27% | 385,000 | $9.1M | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | 0.26% | 7,500,000 | $8.7M | New |
| WBD Warner Bros Discovery Inc. | 0.24% | 295,000 | $8.1M | New |
| OS Onestream Inc. | 0.23% | 325,000 | $7.8M | New |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | 0.21% | 7,000,000 | $7.1M | New |
| PEN Penumbra Inc. | 0.19% | 20,000 | $6.6M | New |
| GTLS Chart Industries Inc. | 0.18% | 30,000 | $6.2M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | 0.17% | 5,000,000 | $5.7M | New |
| KVUE Kenvue Inc. | 0.15% | 300,000 | $5.2M | New |
| NUTANIX INC (NTNX 0.5 12/15/29) | 0.13% | 5,000,000 | $4.5M | New |
| MASI Masimo Corp. | 0.13% | 25,000 | $4.4M | New |
| BILL HOLDINGS INC (BILL 0 04/01/30) | 0.13% | 5,000,000 | $4.4M | New |
| ETSY INC (ETSY 0.25 06/15/28) | 0.12% | 4,727,000 | $4.2M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | 0.12% | 4,500,000 | $4.1M | New |
| RLYB Rallybio Corp. | 0.10% | 378,551 | $3.4M | No change |
| SLAB Silicon Laboratories Inc. | 0.09% | 15,000 | $3.1M | New |
| DBRG Digitalbridge Group Inc. | 0.09% | 200,000 | $3.1M | New |
| MITT TPG Mortgage Investment Trus | 0.06% | 288,290 | $2.1M | New |
| APLS Apellis Pharmaceuticals Inc. | 0.06% | 50,000 | $2.0M | New |
| CHMI Cherry Hill Mortgage Investm | 0.04% | 556,605 | $1.4M | New |
| PAYO Payoneer Global Inc. | 0.01% | 83,946 | $324K | New |
| RVMD Revolution Medicines Inc. | 0.01% | 2,500 | $243K | New |
| CORZ Core Scientific Inc. | 0.00% | 10,000 | $150K | New |
Other holdings (27): bonds, preferreds, convertibles and warrants · $260.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 163,000 | $47.0M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 575,000 | $37.3M | New |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 661,667 | $35.4M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 680,000 | $29.3M | New |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 575,000 | $28.8M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 325,000 | $19.1M | New |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | 370,000 | $18.9M | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 419,500 | $15.5M | New |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 225,000 | $10.3M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 150,000 | $8.5M | New |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 170,000 | $7.0M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 60,000 | $3.2M | New |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 25,000 | $74K | New |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 50,000 | $54K | New |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 25,000 | $47K | New |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 74,999 | $42K | New |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | 587,999 | $26K | New |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 25,000 | $13K | New |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 33,100 | $7K | New |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 25,000 | $6K | New |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 30,000 | $5K | New |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 50,000 | $4K | New |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 25,000 | $3K | New |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 25,000 | $1K | New |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 25,000 | $1K | New |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 20,000 | $220 | New |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 16,666 | $98 | New |
Total filed on the 13F, all lines: $3.7B.
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| JXN Jackson Financial Inc. Class A | New | 14.58% | +14.58 |
| NGL NGL Energy Partners LP | New | 2.14% | +2.14 |
| NVRI Enviri Corp. | New | 2.07% | +2.07 |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | New | 1.98% | +1.98 |
| EVERGY INC (EVRG 4.5 12/15/27) | New | 1.58% | +1.58 |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | New | 1.38% | +1.38 |
| PG&E CORP (PCG 4.25 12/01/27) | New | 1.30% | +1.30 |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | New | 1.23% | +1.23 |
| NX Quanex Building Products | New | 1.08% | +1.08 |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | New | 0.87% | +0.87 |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | New | 0.84% | +0.84 |
| BOX INC (BOX 1.5 09/15/29) | New | 0.78% | +0.78 |
| LCI INDUSTRIES (LCII 3 03/01/30) | New | 0.74% | +0.74 |
| EA Electronic Arts Inc. | New | 0.39% | +0.39 |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | New | 0.36% | +0.36 |
| NSC Norfolk Southern Corp. | New | 0.34% | +0.34 |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | New | 0.30% | +0.30 |
| CWAN Clearwater Analytics HDS-A | New | 0.27% | +0.27 |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | New | 0.26% | +0.26 |
| WBD Warner Bros Discovery Inc. | New | 0.24% | +0.24 |
| OS Onestream Inc. | New | 0.23% | +0.23 |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | New | 0.21% | +0.21 |
| PEN Penumbra Inc. | New | 0.19% | +0.19 |
| GTLS Chart Industries Inc. | New | 0.18% | +0.18 |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | New | 0.17% | +0.17 |
| KVUE Kenvue Inc. | New | 0.15% | +0.15 |
| NUTANIX INC (NTNX 0.5 12/15/29) | New | 0.13% | +0.13 |
| MASI Masimo Corp. | New | 0.13% | +0.13 |
| BILL HOLDINGS INC (BILL 0 04/01/30) | New | 0.13% | +0.13 |
| ETSY INC (ETSY 0.25 06/15/28) | New | 0.12% | +0.12 |
| DEXCOM INC (DXCM 0.375 05/15/28) | New | 0.12% | +0.12 |
| SLAB Silicon Laboratories Inc. | New | 0.09% | +0.09 |
| DBRG Digitalbridge Group Inc. | New | 0.09% | +0.09 |
| MITT TPG Mortgage Investment Trus | New | 0.06% | +0.06 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.06% | +0.06 |
| CHMI Cherry Hill Mortgage Investm | New | 0.04% | +0.04 |
| PAYO Payoneer Global Inc. | New | 0.01% | +0.01 |
| RVMD Revolution Medicines Inc. | New | 0.01% | +0.01 |
| CORZ Core Scientific Inc. | New | 0.00% | +0.00 |
Notes & Other Activity Q4 2025 → Q1 2026
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | New | 163,000 | $47.0M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 575,000 | $37.3M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 661,667 | $35.4M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 680,000 | $29.3M |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | New | 575,000 | $28.8M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | New | 325,000 | $19.1M |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | New | 370,000 | $18.9M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 419,500 | $15.5M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 225,000 | $10.3M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 150,000 | $8.5M |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | New | 170,000 | $7.0M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 60,000 | $3.2M |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | New | 25,000 | $74K |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | New | 50,000 | $54K |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | New | 25,000 | $47K |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | New | 74,999 | $42K |
| AMODW Insight Acquisition Co. -CW23 | *W EXP 12/13/202 | New | 587,999 | $26K |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | New | 25,000 | $13K |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | New | 33,100 | $7K |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | New | 25,000 | $6K |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | New | 30,000 | $5K |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | New | 50,000 | $4K |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | New | 25,000 | $3K |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | New | 25,000 | $1K |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | New | 25,000 | $1K |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | New | 20,000 | $220 |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | New | 16,666 | $98 |
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 |