State of Wisconsin Investment Board
KREF

State of Wisconsin Investment Board’s KKR Real Estate Finance Trust KREF Stock Holding History

State of Wisconsin Investment Board’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 		– Sell
-19,399
Closed -$159K – 2559
2025
Q4 		$159K Buy
+19,399
New +$164K ﹤0.01% 2295
2024
Q2 		– Sell
-16,255
Closed -$164K – 2343
2024
Q1 		$164K Sell
16,255
-43,315
-73% -$475K ﹤0.01% 2097
2023
Q4 		$788K Buy
59,570
+12,310
+26% +$148K ﹤0.01% 1463
2023
Q3 		$561K Sell
47,260
-17,482
-27% -$215K ﹤0.01% 1692
2023
Q2 		$788K Buy
64,742
+16,101
+33% +$181K ﹤0.01% 1567
2023
Q1 		$554K Buy
+48,641
New +$682K ﹤0.01% 1828
2022
Q3 		– Sell
-11,103
Closed -$194K – 2733
2022
Q2 		$194K Buy
+11,103
New +$214K ﹤0.01% 2502
2021
Q3 		– Sell
-13,600
Closed -$294K – 2150
2021
Q2 		$294K Buy
+13,600
New +$285K ﹤0.01% 1951
2021
Q1 		– Sell
-17,900
Closed -$321K – 2064
2020
Q4 		$321K Sell
17,900
-1,500
-8% -$26.5K ﹤0.01% 1777
2020
Q3 		$321K Buy
+19,400
New +$333K ﹤0.01% 1782

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

State of Wisconsin Investment Board's KREF Position: Q1 2026 in Review

State of Wisconsin Investment Board sold out of KKR Real Estate Finance Trust (KREF) in Q1 2026, closing a stake of 19,399 shares — an estimated $159K sold.

State of Wisconsin Investment Board first reported a position in KREF in Q3 2020 and held it in 10 quarters. The position peaked at $788K in Q4 2023. 169 funds tracked by Wall St. Rank hold KREF as of Q1 2026.

  • State of Wisconsin Investment Board reported no remaining KKR Real Estate Finance Trust position as of Q1 2026 after selling out during the quarter.
  • State of Wisconsin Investment Board sold 19,399 KKR Real Estate Finance Trust shares in Q1 2026, an estimated $159K.
  • State of Wisconsin Investment Board first reported a position in KKR Real Estate Finance Trust in Q3 2020 and held it in 10 quarters.
  • State of Wisconsin Investment Board's KKR Real Estate Finance Trust position peaked at $788K in Q4 2023.
  • 169 funds tracked by Wall St. Rank held KKR Real Estate Finance Trust as of Q1 2026.

Based on State of Wisconsin Investment Board's 13F filing for Q1 2026, filed 15 May 2026.