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KREF

KKR Real Estate Finance Trust
KREF

146 hedge funds and large institutions have $967M invested in KKR Real Estate Finance Trust in 2021 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 61 increasing their positions, 30 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 30

47% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 19

7% more funds holding

Funds holding: 137 → 146 (+9)

0.11% more ownership

Funds ownership: 82.25% → 82.36% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less capital invested

Capital invested by funds: $989M → $967M (-$22.2M)

55% less call options, than puts

Call options by funds: $527K | Put options by funds: $1.18M

Holders
146
Holders Change
+9
Holders Change %
+6.57%
% of All Funds
2.56%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
28
Increased
61
Reduced
30
Closed
19
Calls
$527K
Puts
$1.18M
Net Calls
-$650K
Net Calls Change
-$198K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$22.6M
2
ECM
Element Capital Management
New York
+$4.93M
3
Northern Trust
Northern Trust
Illinois
+$4.7M
4
State Street
State Street
Massachusetts
+$3.56M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$3.02M

Top Sellers

Rank Fund Capital Flow
1
Temasek Holdings
Temasek Holdings
Singapore
-$52.8M
2
N
Nuveen
North Carolina
-$2.98M
3
JAM
Jupiter Asset Management
United Kingdom
-$2.7M
4
Renaissance Technologies
Renaissance Technologies
New York
-$2.39M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$4.37M -$378K -17,808 -8%
Ameriprise
27
Ameriprise
Minnesota
$3.69M +$974K +45,912 +36%
AAM
28
Advisors Asset Management
Colorado
$3.01M -$12.9K -606 -0.4%
UBS Group
29
UBS Group
Switzerland
$2.73M +$1.79M +84,305 +188%
Prudential Financial
30
Prudential Financial
New Jersey
$2.65M +$209K +9,840 +9%
GA
31
GFS Advisors
Texas
$2.59M +$2.6M +122,650 New
GBI
32
GP Brinson Investments
Illinois
$2.58M – – –
Two Sigma Investments
33
Two Sigma Investments
New York
$2.47M +$2.48M +117,014 New
PPA
34
Parametric Portfolio Associates
Washington
$2.42M +$590K +27,802 +32%
Citigroup
35
Citigroup
New York
$2.42M +$1.21M +57,005 +99%
RhumbLine Advisers
36
RhumbLine Advisers
Massachusetts
$2.28M +$138K +6,484 +6%
CAM
37
Concorde Asset Management
Michigan
$2.2M +$2.21M +104,395 New
CC
38
Claybrook Capital
Massachusetts
$2.13M +$2.14M +100,984 New
Nomura Asset Management
39
Nomura Asset Management
Japan
$2.09M +$38.2K +1,800 +2%
Legal & General Group
40
Legal & General Group
United Kingdom
$1.84M +$641K +30,241 +53%
SG Americas Securities
41
SG Americas Securities
New York
$1.74M +$1.21M +57,189 +225%
Public Sector Pension Investment Board (PSP Investments)
42
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.72M +$549K +25,880 +46%
Two Sigma Advisers
43
Two Sigma Advisers
New York
$1.57M +$1.58M +74,300 New
Swiss National Bank
44
Swiss National Bank
Switzerland
$1.42M – – –
Bank of America
45
Bank of America
North Carolina
$1.38M +$302K +14,254 +28%
WG
46
Winton Group
United Kingdom
$1.35M -$85.8K -4,045 -6%
Schroder Investment Management Group
47
Schroder Investment Management Group
United Kingdom
$1.33M -$21.2K -1,001 -2%
Barclays
48
Barclays
United Kingdom
$1.19M +$360K +16,956 +43%
XF
49
XML Financial
Maryland
$1.03M +$1.04M +49,050 New
VOYA Investment Management
50
VOYA Investment Management
Georgia
$1.02M +$36.8K +1,735 +4%
1
2
3 4 5

KREF Hedge Fund Activity: Q3 2021 in Review

146 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2021, worth a combined $967M — down 2.2% from $989M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new KREF positions and 19 closed out — a net gain of 9 holders — while 61 added to existing stakes and 30 trimmed.

The largest buyer was BlackRock, adding an estimated $22.6M. The largest seller was Temasek Holdings, exiting entirely with an estimated $52.8M sold.

  • 146 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2021, up from 137 in Q2 2021.
  • Funds reported $967M of KKR Real Estate Finance Trust stock for Q3 2021, down 2.2% quarter-over-quarter.
  • 28 funds opened new KKR Real Estate Finance Trust positions in Q3 2021 and 19 closed out, a net change of +9 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q3 2021 was BlackRock, an estimated $22.6M added.
  • The largest KKR Real Estate Finance Trust seller in Q3 2021 was Temasek Holdings, an estimated $52.8M sold.

Based on aggregated 13F filings for Q3 2021.