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KREF

KKR Real Estate Finance Trust
KREF

168 hedge funds and large institutions have $1.01B invested in KKR Real Estate Finance Trust in 2021 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 84 increasing their positions, 29 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 11

190% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 29

34% more call options, than puts

Call options by funds: $1.82M | Put options by funds: $1.36M

15% more funds holding

Funds holding: 146 → 168 (+22)

4% more capital invested

Capital invested by funds: $967M → $1.01B (+$39.9M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.89% less ownership

Funds ownership: 82.36% → 79.47% (-2.9%)

Holders
168
Holders Change
+22
Holders Change %
+15.07%
% of All Funds
2.59%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
84
Reduced
29
Closed
11
Calls
$1.82M
Puts
$1.36M
Net Calls
+$462K
Net Calls Change
+$1.11M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$15.2M
2
SI
Stephens Inc
Arkansas
+$5M
3
GA
GFS Advisors
Texas
+$4.57M
4
RBC
Roble Belko & Company
Pennsylvania
+$3.83M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$3.53M

Top Sellers

Rank Fund Capital Flow
1
ECM
Element Capital Management
New York
-$4.91M
2
CS
Credit Suisse
Switzerland
-$3.93M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$3.22M
4
Federated Hermes
Federated Hermes
Pennsylvania
-$2.21M
5
First Trust Advisors
First Trust Advisors
Illinois
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
Federated Hermes
26
Federated Hermes
Pennsylvania
$4.25M -$2.21M -102,820 -33%
Ameriprise
27
Ameriprise
Minnesota
$3.9M +$268K +12,423 +7%
UBS Group
28
UBS Group
Switzerland
$3.74M +$1.08M +50,207 +39%
RBC
29
Roble Belko & Company
Pennsylvania
$3.71M +$3.83M +177,914 New
Acadian Asset Management
30
Acadian Asset Management
Massachusetts
$3.41M +$3.53M +163,968 New
Renaissance Technologies
31
Renaissance Technologies
New York
$2.98M +$3.08M +143,121 New
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$2.97M +$2.71M +125,861 +761%
AAM
33
Advisors Asset Management
Colorado
$2.94M -$30.7K -1,427 -1%
Citigroup
34
Citigroup
New York
$2.83M +$463K +21,486 +19%
Prudential Financial
35
Prudential Financial
New Jersey
$2.75M +$141K +6,542 +5%
PPA
36
Parametric Portfolio Associates
Washington
$2.69M +$305K +14,154 +12%
GBI
37
GP Brinson Investments
Illinois
$2.54M – – –
Citadel Advisors
38
Citadel Advisors
Florida
$2.51M +$2.23M +103,378 +599%
Nomura Asset Management
39
Nomura Asset Management
Japan
$2.47M +$418K +19,400 +20%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$2.33M +$82.6K +3,835 +4%
CC
41
Claybrook Capital
Massachusetts
$2.26M +$161K +7,470 +7%
CAM
42
Concorde Asset Management
Michigan
$2.15M -$25.4K -1,181 -1%
Legal & General Group
43
Legal & General Group
United Kingdom
$2.08M +$280K +13,016 +15%
Public Sector Pension Investment Board (PSP Investments)
44
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.88M +$190K +8,840 +11%
Two Sigma Investments
45
Two Sigma Investments
New York
$1.58M -$887K -41,163 -35%
Barclays
46
Barclays
United Kingdom
$1.55M +$388K +18,029 +32%
Bank of America
47
Bank of America
North Carolina
$1.48M +$118K +5,462 +8%
RJA
48
Raymond James & Associates
Florida
$1.45M +$876K +40,681 +140%
Swiss National Bank
49
Swiss National Bank
Switzerland
$1.4M – – –
VOYA Investment Management
50
VOYA Investment Management
Georgia
$1.4M +$405K +18,791 +39%
1
2
3 4 5

KREF Hedge Fund Activity: Q4 2021 in Review

168 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2021, worth a combined $1.01B — up 4.1% from $967M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new KREF positions and 11 closed out — a net gain of 22 holders — while 84 added to existing stakes and 29 trimmed.

The largest buyer was BlackRock, adding an estimated $15.2M. The largest seller was Element Capital Management, exiting entirely with an estimated $4.91M sold.

  • 168 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2021, up from 146 in Q3 2021.
  • Funds reported $1.01B of KKR Real Estate Finance Trust stock for Q4 2021, up 4.1% quarter-over-quarter.
  • 33 funds opened new KKR Real Estate Finance Trust positions in Q4 2021 and 11 closed out, a net change of +22 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q4 2021 was BlackRock, an estimated $15.2M added.
  • The largest KKR Real Estate Finance Trust seller in Q4 2021 was Element Capital Management, an estimated $4.91M sold.

Based on aggregated 13F filings for Q4 2021.