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KREF

KKR Real Estate Finance Trust
KREF

169 hedge funds and large institutions have $857M invested in KKR Real Estate Finance Trust in 2022 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 73 increasing their positions, 59 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

592% more call options, than puts

Call options by funds: $1.38M | Put options by funds: $199K

24% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 59

0.11% more ownership

Funds ownership: 75.99% → 76.1% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5% less capital invested

Capital invested by funds: $902M → $857M (-$44.6M)

5% less funds holding

Funds holding: 177 → 169 (-8)

32% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 25

Holders
169
Holders Change
-8
Holders Change %
-4.52%
% of All Funds
2.91%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
73
Reduced
59
Closed
25
Calls
$1.38M
Puts
$199K
Net Calls
+$1.18M
Net Calls Change
-$406K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$19.1M
2
State Street
State Street
Massachusetts
+$5.28M
3
Goldman Sachs
Goldman Sachs
New York
+$4.99M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.85M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$2.08M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$5.71M
2
N
Nuveen
North Carolina
-$4.3M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$4.25M
4
Two Sigma Investments
Two Sigma Investments
New York
-$2.59M
5
RVPG
Relative Value Partners Group
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$3.97M +$108K +5,715 +2%
GA
27
GFS Advisors
Texas
$3.54M +$177K +9,400 +5%
Wells Fargo
28
Wells Fargo
California
$3.5M -$440K -23,371 -10%
VanEck Associates
29
VanEck Associates
New York
$3.47M +$733K +38,924 +22%
VOYA Investment Management
30
VOYA Investment Management
Georgia
$3.39M +$895K +47,542 +29%
Federated Hermes
31
Federated Hermes
Pennsylvania
$3.04M -$256K -13,614 -7%
Voloridge Investment Management
32
Voloridge Investment Management
Florida
$3.03M +$739K +39,226 +27%
RhumbLine Advisers
33
RhumbLine Advisers
Massachusetts
$2.84M +$497K +26,376 +18%
UBS Group
34
UBS Group
Switzerland
$2.83M +$1.03M +54,901 +46%
Citadel Advisors
35
Citadel Advisors
Florida
$2.81M -$5.71M -303,378 -64%
Renaissance Technologies
36
Renaissance Technologies
New York
$2.74M -$311K -16,500 -9%
Prudential Financial
37
Prudential Financial
New Jersey
$2.28M -$671K -35,615 -20%
CC
38
Claybrook Capital
Massachusetts
$2.19M – – –
Legal & General Group
39
Legal & General Group
United Kingdom
$2.17M +$344K +18,262 +16%
Swiss National Bank
40
Swiss National Bank
Switzerland
$1.96M +$232K +12,300 +11%
Public Sector Pension Investment Board (PSP Investments)
41
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.73M +$279K +14,829 +16%
GBI
42
GP Brinson Investments
Illinois
$1.72M -$304K -16,142 -13%
XF
43
XML Financial
Maryland
$1.46M +$1.69M +89,650 New
Balyasny Asset Management
44
Balyasny Asset Management
Illinois
$1.26M -$4.25M -225,490 -74%
AI
45
AXS Investments
New York
$1.22M -$262K -13,900 -16%
RJA
46
Raymond James & Associates
Florida
$1.21M -$396K -21,017 -22%
CC
47
Cipher Capital
New York
$1.16M +$1.34M +71,405 New
AllianceBernstein
48
AllianceBernstein
Tennessee
$1.12M +$28.3K +1,502 +2%
Neuberger Berman Group
49
Neuberger Berman Group
New York
$1.09M +$1.27M +67,343 New
HighTower Advisors
50
HighTower Advisors
Illinois
$1.08M +$243K +12,916 +24%
1
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KREF Hedge Fund Activity: Q3 2022 in Review

169 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2022, worth a combined $857M — down 4.9% from $902M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of KREF and 17 opened new positions — a net loss of 8 holders — while 59 trimmed existing stakes and 73 added.

The largest buyer was BlackRock, adding an estimated $19.1M. The largest seller was Citadel Advisors, cutting an estimated $5.71M.

  • 169 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2022, down from 177 in Q2 2022.
  • Funds reported $857M of KKR Real Estate Finance Trust stock for Q3 2022, down 4.9% quarter-over-quarter.
  • 17 funds opened new KKR Real Estate Finance Trust positions in Q3 2022 and 25 closed out, a net change of -8 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q3 2022 was BlackRock, an estimated $19.1M added.
  • The largest KKR Real Estate Finance Trust seller in Q3 2022 was Citadel Advisors, an estimated $5.71M sold.

Based on aggregated 13F filings for Q3 2022.