Morgan Stanley
KREF

Morgan Stanley’s KKR Real Estate Finance Trust KREF Stock Holding History

Morgan Stanley’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
2026
Q1 		$4.6M Buy
752,053
+117,256
+18% +$857K ﹤0.01% 4201
2025
Q4 		$5.22M Buy
634,797
+24,445
+4% +$207K ﹤0.01% 4137
2025
Q3 		$5.49M Sell
610,352
-277,014
-31% -$2.58M ﹤0.01% 4081
2025
Q2 		$7.78M Buy
887,366
+24,640
+3% +$227K ﹤0.01% 3683
2025
Q1 		$9.32M Sell
862,726
-65,848
-7% -$709K ﹤0.01% 3397
2024
Q4 		$9.38M Buy
928,574
+74,884
+9% +$858K ﹤0.01% 3465
2024
Q3 		$10.5M Buy
853,690
+189,812
+29% +$2.12M ﹤0.01% 3391
2024
Q2 		$6.01M Sell
663,878
-56,269
-8% -$538K ﹤0.01% 3744
2024
Q1 		$7.24M Sell
720,147
-1,030,925
-59% -$11.3M ﹤0.01% 3596
2023
Q4 		$23.2M Buy
1,751,072
+656,137
+60% +$7.86M ﹤0.01% 3202
2023
Q3 		$13M Buy
1,094,935
+31,180
+3% +$384K ﹤0.01% 2875
2023
Q2 		$12.9M Buy
1,063,755
+157,220
+17% +$1.77M ﹤0.01% 2918
2023
Q1 		$10.3M Buy
906,535
+77,274
+9% +$1.08M ﹤0.01% 3109
2022
Q4 		$11.6M Sell
829,261
-73,858
-8% -$1.21M ﹤0.01% 2931
2022
Q3 		$14.7M Sell
903,119
-7,341
-0.8% -$138K ﹤0.01% 2545
2022
Q2 		$15.9M Buy
910,460
+248,987
+38% +$4.8M ﹤0.01% 2532
2022
Q1 		$13.6M Sell
661,473
-2,225
-0.3% -$46.8K ﹤0.01% 2535
2021
Q4 		$13.8M Buy
663,698
+145,371
+28% +$3.13M ﹤0.01% 2560
2021
Q3 		$10.9M Buy
518,327
+12,236
+2% +$259K ﹤0.01% 2786
2021
Q2 		$10.9M Buy
506,091
+147,475
+41% +$3.09M ﹤0.01% 2871
2021
Q1 		$6.59M Buy
358,616
+180,259
+101% +$3.31M ﹤0.01% 3116
2020
Q4 		$3.2M Buy
178,357
+66,369
+59% +$1.17M ﹤0.01% 3745
2020
Q3 		$1.85M Buy
111,988
+22,672
+25% +$389K ﹤0.01% 3720
2020
Q2 		$1.48M Sell
89,316
-4,112
-4% -$65.1K ﹤0.01% 3861
2020
Q1 		$1.4M Sell
93,428
-190,990
-67% -$3.61M ﹤0.01% 3675
2019
Q4 		$5.81M Buy
284,418
+203,411
+251% +$4.06M ﹤0.01% 3029
2019
Q3 		$1.58M Buy
81,007
+72,106
+810% +$1.42M ﹤0.01% 3987
2019
Q2 		$177K Sell
8,901
-23,444
-72% -$474K ﹤0.01% 5072
2019
Q1 		$647K Sell
32,345
-63,858
-66% -$1.29M ﹤0.01% 4400
2018
Q4 		$1.84M Buy
96,203
+53,350
+124% +$1.05M ﹤0.01% 3838
2018
Q3 		$864K Sell
42,853
-15,974
-27% -$328K ﹤0.01% 4655
2018
Q2 		$1.16M Buy
58,827
+25,177
+75% +$506K ﹤0.01% 4518
2018
Q1 		$675K Sell
33,650
-1,656
-5% -$32.7K ﹤0.01% 4821
2017
Q4 		$707K Buy
35,306
+10,263
+41% +$212K ﹤0.01% 4775
2017
Q3 		$526K Buy
25,043
+16,004
+177% +$333K ﹤0.01% 4853
2017
Q2 		$194K Buy
+9,039
New +$198K ﹤0.01% 5347

Other funds holding KREF

KKRC
Kohlberg Kravis Roberts & Co New York $5.35B AUM 63.01% 1-Year Est. Return
LPC
Long Pond Capital New York $1.05B AUM 16.49% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Nomura Holdings
Nomura Holdings Tokyo, Japan $37.7B AUM 34.44% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Millennium Management
Millennium Management New York $240B AUM 35.51% 1-Year Est. Return
CC
Conversant Capital Summit, New Jersey $745M AUM 20.03% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
NC
Nokomis Capital Dallas, Texas $349M AUM 75.66% 1-Year Est. Return

Morgan Stanley's KREF Position: Q1 2026 in Review

Morgan Stanley increased its KKR Real Estate Finance Trust (KREF) stake by 18% in Q1 2026, buying an estimated $857K and bringing the position to 752,053 shares worth $4.6M. The position accounts for ﹤0.01% of the portfolio, ranked #4201.

Morgan Stanley first reported a position in KREF in Q2 2017 and has held it in 36 quarters since. The position peaked at $23.2M in Q4 2023. 169 funds tracked by Wall St. Rank hold KREF as of Q1 2026.

  • Morgan Stanley held 752,053 shares of KKR Real Estate Finance Trust worth $4.6M as of Q1 2026.
  • Morgan Stanley bought 117,256 KKR Real Estate Finance Trust shares in Q1 2026, an estimated $857K.
  • KKR Real Estate Finance Trust made up ﹤0.01% of Morgan Stanley's portfolio in Q1 2026, its #4201 holding.
  • Morgan Stanley first reported a position in KKR Real Estate Finance Trust in Q2 2017 and has held it in 36 quarters since.
  • Morgan Stanley's KKR Real Estate Finance Trust position peaked at $23.2M in Q4 2023.
  • 169 funds tracked by Wall St. Rank held KKR Real Estate Finance Trust as of Q1 2026.

Based on Morgan Stanley's 13F filing for Q1 2026, filed 15 May 2026.