State of Tennessee, Department of Treasury
KREF

State of Tennessee, Department of Treasury’s KKR Real Estate Finance Trust KREF Stock Holding History

State of Tennessee, Department of Treasury’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 		$80.3K Sell
13,117
-3,636
-22% -$26.6K ﹤0.01% 1705
2025
Q4 		$139K Sell
16,753
-7,444
-31% -$63K ﹤0.01% 1682
2025
Q3 		$218K Buy
24,197
+1,389
+6% +$12.9K ﹤0.01% 1607
2025
Q2 		$200K Sell
22,808
-3,316
-13% -$30.5K ﹤0.01% 1612
2025
Q1 		$282K Hold
26,124
– – ﹤0.01% 1536
2024
Q4 		$264K Sell
26,124
-620
-2% -$7.11K ﹤0.01% 1578
2024
Q3 		$330K Sell
26,744
-1,425
-5% -$15.9K ﹤0.01% 1521
2024
Q2 		$255K Sell
28,169
-580
-2% -$5.54K ﹤0.01% 1562
2024
Q1 		$289K Sell
28,749
-3,865
-12% -$42.4K ﹤0.01% 1510
2023
Q4 		$431K Sell
32,614
-802
-2% -$9.61K ﹤0.01% 1442
2023
Q3 		$397K Sell
33,416
-632
-2% -$7.78K ﹤0.01% 1357
2023
Q2 		$414K Buy
34,048
+517
+2% +$5.82K ﹤0.01% 1450
2023
Q1 		$382K Sell
33,531
-3,662
-10% -$51.4K ﹤0.01% 1420
2022
Q4 		$519K Buy
37,193
+4,527
+14% +$73.9K ﹤0.01% 1344
2022
Q3 		$530K Buy
32,666
+4,368
+15% +$82.3K ﹤0.01% 1299
2022
Q2 		$493K Sell
28,298
-1,320
-4% -$25.5K ﹤0.01% 1335
2022
Q1 		$610K Buy
29,618
+12,349
+72% +$260K ﹤0.01% 1340
2021
Q4 		$360K Buy
17,269
+1,871
+12% +$40.3K ﹤0.01% 1460
2021
Q3 		$326K Sell
15,398
-626
-4% -$13.3K ﹤0.01% 1485
2021
Q2 		$346K Buy
16,024
+572
+4% +$12K ﹤0.01% 1467
2021
Q1 		$285K Buy
15,452
+21
+0.1% +$385 ﹤0.01% 1469
2020
Q4 		$276K Buy
15,431
+1,378
+10% +$24.4K ﹤0.01% 1422
2020
Q3 		$233K Buy
14,053
+343
+3% +$5.89K ﹤0.01% 1362
2020
Q2 		$227K Sell
13,710
-1,611
-11% -$25.5K ﹤0.01% 1382
2020
Q1 		$230K Sell
15,321
-194
-1% -$3.67K ﹤0.01% 1331
2019
Q4 		$317K Buy
+15,515
New +$310K ﹤0.01% 1375

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 $6.73T AUM 46.02% 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 $3.37T AUM 44.26% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
NC
Nokomis Capital Dallas, Texas $349M AUM 75.66% 1-Year Est. Return

State of Tennessee, Department of Treasury's KREF Position: Q1 2026 in Review

State of Tennessee, Department of Treasury reduced its KKR Real Estate Finance Trust (KREF) stake by 22% in Q1 2026, selling an estimated $26.6K and leaving 13,117 shares worth $80.3K. The position accounts for ﹤0.01% of the portfolio, ranked #1705.

State of Tennessee, Department of Treasury first reported a position in KREF in Q4 2019 and has held it in 26 quarters since. The position peaked at $610K in Q1 2022. 169 funds tracked by Wall St. Rank hold KREF as of Q1 2026.

  • State of Tennessee, Department of Treasury held 13,117 shares of KKR Real Estate Finance Trust worth $80.3K as of Q1 2026.
  • State of Tennessee, Department of Treasury sold 3,636 KKR Real Estate Finance Trust shares in Q1 2026, an estimated $26.6K.
  • KKR Real Estate Finance Trust made up ﹤0.01% of State of Tennessee, Department of Treasury's portfolio in Q1 2026, its #1705 holding.
  • State of Tennessee, Department of Treasury first reported a position in KKR Real Estate Finance Trust in Q4 2019 and has held it in 26 quarters since.
  • State of Tennessee, Department of Treasury's KKR Real Estate Finance Trust position peaked at $610K in Q1 2022.
  • 169 funds tracked by Wall St. Rank held KKR Real Estate Finance Trust as of Q1 2026.

Based on State of Tennessee, Department of Treasury's 13F filing for Q1 2026, filed 15 May 2026.