Nan Shan Life Insurance’s KKR Real Estate Finance Trust KREF Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$26.8M	Sell	3,060,384 -19,069	-0.6%	-$167K	0.6%	58
2025 Q1	$33.3M	Hold	3,079,453	–	–	0.78%	43
2024 Q4	$31.1M	Hold	3,079,453	–	–	0.75%	49
2024 Q3	$38M	Hold	3,079,453	–	–	0.9%	35
2024 Q2	$27.9M	Hold	3,079,453	–	–	0.66%	55
2024 Q1	$31M	Hold	3,079,453	–	–	0.73%	54
2023 Q4	$40.7M	Sell	3,079,453 -283,350	-8%	-$3.75M	0.98%	37
2023 Q3	$39.9M	Sell	3,362,803 -137,197	-4%	-$1.63M	1.09%	32
2023 Q2	$42.6M	Hold	3,500,000	–	–	1.03%	37
2023 Q1	$39.9M	Hold	3,500,000	–	–	0.95%	33
2022 Q4	$48.9M	Hold	3,500,000	–	–	1.33%	19
2022 Q3	$56.9M	Hold	3,500,000	–	–	1.39%	21
2022 Q2	$61.1M	Hold	3,500,000	–	–	1.28%	21
2022 Q1	$72.1M	Hold	3,500,000	–	–	1.26%	26
2021 Q4	$72.9M	Hold	3,500,000	–	–	1.11%	27
2021 Q3	$73.9M	Hold	3,500,000	–	–	1.23%	27
2021 Q2	$75.7M	Hold	3,500,000	–	–	1.28%	27
2021 Q1	$64.4M	Hold	3,500,000	–	–	1.25%	20
2020 Q4	$62.7M	Hold	3,500,000	–	–	1.3%	23
2020 Q3	$57.9M	Hold	3,500,000	–	–	1.52%	21
2020 Q2	$58M	Hold	3,500,000	–	–	1.76%	18
2020 Q1	$52.5M	Hold	3,500,000	–	–	1.92%	15
2019 Q4	$71.5M	Hold	3,500,000	–	–	2.23%	13
2019 Q3	$68.4M	Hold	3,500,000	–	–	1.88%	18
2019 Q2	$69.7M	Hold	3,500,000	–	–	1.78%	19
2019 Q1	$70.1M	Hold	3,500,000	–	–	1.38%	27
2018 Q4	$67M	Hold	3,500,000	–	–	1.6%	18
2018 Q3	$70.6M	Hold	3,500,000	–	–	1.37%	24
2018 Q2	$69.2M	Hold	3,500,000	–	–	1.6%	19
2018 Q1	$70.2M	Hold	3,500,000	–	–	1.43%	20
2017 Q4	$70M	Hold	3,500,000	–	–	1.82%	20
2017 Q3	$73.6M	Hold	3,500,000	–	–	1.52%	24
2017 Q2	$75.3M	Buy	+3,500,000	New	+$75.3M	1.91%	22