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KREF

KKR Real Estate Finance Trust
KREF

128 hedge funds and large institutions have $891M invested in KKR Real Estate Finance Trust in 2021 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 46 increasing their positions, 43 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 13

8% more funds holding

Funds holding: 118 → 128 (+10)

1.89% more ownership

Funds ownership: 85.22% → 87.11% (+1.9%)

7% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 43

5% more capital invested

Capital invested by funds: $850M → $891M (+$41.1M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
128
Holders Change
+10
Holders Change %
+8.47%
% of All Funds
2.25%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
24
Increased
46
Reduced
43
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$19.8M
2
BlackRock
BlackRock
New York
+$7.01M
3
JP Morgan Chase
JP Morgan Chase
New York
+$5.77M
4
N
Nuveen
North Carolina
+$5.3M
5
Renaissance Technologies
Renaissance Technologies
New York
+$4.83M

Top Sellers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$22.6M
2
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$16.3M
3
Barclays
Barclays
United Kingdom
-$2.93M
4
Aviva
Aviva
United Kingdom
-$1.62M
5
First Trust Advisors
First Trust Advisors
Illinois
-$1.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$2.62M +$2.61M +142,374 New
JAM
27
Jupiter Asset Management
United Kingdom
$2.56M +$1.46M +79,536 +134%
Ameriprise
28
Ameriprise
Minnesota
$2.44M +$158K +8,601 +7%
GBI
29
GP Brinson Investments
Illinois
$2.22M +$2.21M +120,584 New
Prudential Financial
30
Prudential Financial
New Jersey
$1.93M +$147K +8,015 +8%
RhumbLine Advisers
31
RhumbLine Advisers
Massachusetts
$1.86M -$34.3K -1,871 -2%
D.E. Shaw & Co
32
D.E. Shaw & Co
New York
$1.72M +$1.71M +93,480 New
Bank of America
33
Bank of America
North Carolina
$1.68M +$1.35M +73,651 +414%
Citadel Advisors
34
Citadel Advisors
Florida
$1.59M +$1.58M +86,404 New
PPA
35
Parametric Portfolio Associates
Washington
$1.57M -$19.1K -1,042 -1%
AAM
36
Advisors Asset Management
Colorado
$1.53M +$1.52M +83,113 New
Aviva
37
Aviva
United Kingdom
$1.5M -$1.62M -88,127 -52%
Federated Hermes
38
Federated Hermes
Pennsylvania
$1.44M +$8.31K +453 +0.6%
Arrowstreet Capital
39
Arrowstreet Capital
Massachusetts
$1.39M +$1.38M +75,400 New
Legal & General Group
40
Legal & General Group
United Kingdom
$1.38M +$1.69K +92 +0.1%
Swiss National Bank
41
Swiss National Bank
Switzerland
$1.28M -$73.4K -4,000 -5%
Barclays
42
Barclays
United Kingdom
$1.25M -$2.93M -159,822 -70%
Schroder Investment Management Group
43
Schroder Investment Management Group
United Kingdom
$1.17M -$856K -46,685 -42%
WG
44
Winton Group
United Kingdom
$1.08M +$5.65K +308 +0.5%
California Public Employees Retirement System
45
California Public Employees Retirement System
California
$1.07M -$98.8K -5,386 -8%
Public Sector Pension Investment Board (PSP Investments)
46
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.03M -$167K -9,099 -14%
Two Sigma Investments
47
Two Sigma Investments
New York
$897K +$895K +48,801 New
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$792K – – –
Tudor Investment Corp
49
Tudor Investment Corp
Connecticut
$733K +$368K +20,065 +102%
Stifel Financial
50
Stifel Financial
Missouri
$723K +$721K +39,300 New
1
2
3 4 5

KREF Hedge Fund Activity: Q1 2021 in Review

128 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2021, worth a combined $891M — up 4.8% from $850M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new KREF positions and 13 closed out — a net gain of 11 holders — while 46 added to existing stakes and 43 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $19.8M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $22.6M.

  • 128 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2021, up from 118 in Q4 2020.
  • Funds reported $891M of KKR Real Estate Finance Trust stock for Q1 2021, up 4.8% quarter-over-quarter.
  • 24 funds opened new KKR Real Estate Finance Trust positions in Q1 2021 and 13 closed out, a net change of +11 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2021 was Allianz Asset Management, an estimated $19.8M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $22.6M sold.

Based on aggregated 13F filings for Q1 2021.