We are live on ! Find out more
KREF

KKR Real Estate Finance Trust
KREF

137 hedge funds and large institutions have $989M invested in KKR Real Estate Finance Trust in 2021 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 58 increasing their positions, 29 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 29

47% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 19

11% more capital invested

Capital invested by funds: $891M → $989M (+$98.5M)

7% more funds holding

Funds holding: 128 → 137 (+9)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4.85% less ownership

Funds ownership: 87.11% → 82.25% (-4.9%)

47% less call options, than puts

Call options by funds: $519K | Put options by funds: $971K

Holders
137
Holders Change
+9
Holders Change %
+7.03%
% of All Funds
2.38%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
28
Increased
58
Reduced
29
Closed
19
Calls
$519K
Puts
$971K
Net Calls
-$452K
Net Calls Change
-$452K

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$15.2M
2
Invesco
Invesco
Georgia
+$12.5M
3
Aviva
Aviva
United Kingdom
+$7.44M
4
N
Nuveen
North Carolina
+$7.41M
5
First Trust Advisors
First Trust Advisors
Illinois
+$6.88M

Top Sellers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$120M
2
Renaissance Technologies
Renaissance Technologies
New York
-$4.01M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$3.75M
4
Millennium Management
Millennium Management
New York
-$2.62M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
Charles Schwab
26
Charles Schwab
California
$4.34M +$258K +12,313 +7%
AAM
27
Advisors Asset Management
Colorado
$3.1M +$1.26M +60,158 +72%
Ameriprise
28
Ameriprise
Minnesota
$2.79M -$78.4K -3,746 -3%
JAM
29
Jupiter Asset Management
United Kingdom
$2.7M -$297K -14,162 -10%
GBI
30
GP Brinson Investments
Illinois
$2.64M +$32.5K +1,554 +1%
Prudential Financial
31
Prudential Financial
New Jersey
$2.5M +$228K +10,911 +10%
Renaissance Technologies
32
Renaissance Technologies
New York
$2.39M -$4.01M -191,700 -63%
Citadel Advisors
33
Citadel Advisors
Florida
$2.26M +$383K +18,282 +21%
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$2.2M +$12K +574 +0.6%
Nomura Asset Management
35
Nomura Asset Management
Japan
$2.1M +$2.04M +97,200 New
PPA
36
Parametric Portfolio Associates
Washington
$1.88M +$32.1K +1,534 +2%
Connor, Clark & Lunn Investment Management (CC&L)
37
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.85M +$1M +47,768 +126%
Lido Advisors
38
Lido Advisors
California
$1.54M +$1.46M +69,907 New
WG
39
Winton Group
United Kingdom
$1.47M +$199K +9,488 +16%
Swiss National Bank
40
Swiss National Bank
Switzerland
$1.46M -$52.3K -2,500 -4%
Schroder Investment Management Group
41
Schroder Investment Management Group
United Kingdom
$1.38M – – –
Citigroup
42
Citigroup
New York
$1.25M +$1.13M +53,908 +1,462%
Legal & General Group
43
Legal & General Group
United Kingdom
$1.23M -$379K -18,119 -24%
Public Sector Pension Investment Board (PSP Investments)
44
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.21M -$7.33K -350 -0.6%
IFG
45
Independent Financial Group
California
$1.19M +$1.15M +54,845 New
Bank of America
46
Bank of America
North Carolina
$1.11M -$841K -40,191 -44%
VOYA Investment Management
47
VOYA Investment Management
Georgia
$1.01M +$509K +24,298 +108%
UBS Group
48
UBS Group
Switzerland
$971K +$240K +11,467 +34%
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$964K +$30.8K +1,472 +3%
Ensign Peak Advisors
50
Ensign Peak Advisors
Utah
$880K +$320K +15,300 +60%
1
2
3 4 5

KREF Hedge Fund Activity: Q2 2021 in Review

137 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2021, worth a combined $989M — up 11% from $891M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new KREF positions and 19 closed out — a net gain of 9 holders — while 58 added to existing stakes and 29 trimmed.

The largest buyer was Vanguard Group, adding an estimated $15.2M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $120M.

  • 137 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2021, up from 128 in Q1 2021.
  • Funds reported $989M of KKR Real Estate Finance Trust stock for Q2 2021, up 11% quarter-over-quarter.
  • 28 funds opened new KKR Real Estate Finance Trust positions in Q2 2021 and 19 closed out, a net change of +9 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q2 2021 was Vanguard Group, an estimated $15.2M added.
  • The largest KKR Real Estate Finance Trust seller in Q2 2021 was Kohlberg Kravis Roberts & Co, an estimated $120M sold.

Based on aggregated 13F filings for Q2 2021.