Maryland State Retirement & Pension System’s KKR Real Estate Finance Trust KREF Stock Holding History

Maryland State Retirement & Pension System’s Portfolio KREF Stock Details KREF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-16,843	Closed	-$148K	–	1438
2025 Q2	$148K	Hold	16,843	–	–	﹤0.01%	1466
2025 Q1	$182K	Sell	16,843 -2,824	-14%	-$30.4K	﹤0.01%	1413
2024 Q4	$199K	Hold	19,667	–	–	﹤0.01%	1488
2024 Q3	$243K	Sell	19,667 -633	-3%	-$7.08K	0.01%	1448
2024 Q2	$184K	Sell	20,300 -1,081	-5%	-$10.3K	﹤0.01%	1522
2024 Q1	$203K	Hold	21,381	–	–	﹤0.01%	1489
2023 Q4	$283K	Hold	21,381	–	–	0.01%	1427
2023 Q3	$254K	Sell	21,381 -1,231	-5%	-$15.2K	0.01%	1420
2023 Q2	$275K	Sell	22,612 -1,006	-4%	-$11.3K	0.01%	1418
2023 Q1	$269K	Hold	23,618	–	–	0.01%	1382
2022 Q4	$330K	Buy	+23,618	New	+$386K	0.01%	1243
2022 Q3	–	Sell	-20,096	Closed	-$351K	–	786
2022 Q2	$351K	Buy	20,096 +2,136	+12%	+$41.2K	0.01%	1181
2022 Q1	$370K	Buy	17,960 +259	+1%	+$5.44K	0.01%	1240
2021 Q4	$369K	Buy	17,701 +1,814	+11%	+$39.1K	0.01%	1267
2021 Q3	$340K	Buy	+15,887	New	+$337K	0.01%	1315

Other funds holding KREF

KKRC

Kohlberg Kravis Roberts & Co New York $5.35B AUM 63.01% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

NSLI

Nan Shan Life Insurance Taipei City, Taiwan $2.76B AUM 6.75% 1-Year Est. Return

LPC

Long Pond Capital New York $1.05B AUM 16.49% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $73.7B AUM 53.56% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

Maryland State Retirement & Pension System's KREF Position: Q3 2025 in Review

Maryland State Retirement & Pension System sold out of KKR Real Estate Finance Trust (KREF) in Q3 2025, closing a stake of 16,843 shares — an estimated $148K sold.

Maryland State Retirement & Pension System first reported a position in KREF in Q3 2021 and held it in 15 quarters. The position peaked at $370K in Q1 2022. 173 funds tracked by Wall St. Rank hold KREF as of Q3 2025.

Maryland State Retirement & Pension System reported no remaining KKR Real Estate Finance Trust position as of Q3 2025 after selling out during the quarter.
Maryland State Retirement & Pension System sold 16,843 KKR Real Estate Finance Trust shares in Q3 2025, an estimated $148K.
Maryland State Retirement & Pension System first reported a position in KKR Real Estate Finance Trust in Q3 2021 and held it in 15 quarters.
Maryland State Retirement & Pension System's KKR Real Estate Finance Trust position peaked at $370K in Q1 2022.
173 funds tracked by Wall St. Rank held KKR Real Estate Finance Trust as of Q3 2025.

Based on Maryland State Retirement & Pension System's 13F filing for Q3 2025, filed 29 Oct 2025.