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KREF

KKR Real Estate Finance Trust

166 hedge funds and large institutions have $603M invested in KKR Real Estate Finance Trust in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 52 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 52

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.42% less ownership

Funds ownership: 76.87%76.45% (-0.42%)

1% less funds holding

Funds holding: 167166 (-1)

19% less capital invested

Capital invested by funds: $743M → $603M (-$140M)

43% less call options, than puts

Call options by funds: $433K | Put options by funds: $764K

Holders
166
Holders Change
-1
Holders Change %
-0.6%
% of All Funds
2.65%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
27
Increased
65
Reduced
52
Closed
25
Calls
$433K
Puts
$764K
Net Calls
-$331K
Net Calls Change
-$339K
Name Holding Trade Value Shares
Change
Change in
Stake
VOYA Investment Management
26
VOYA Investment Management
Georgia
$2.97M +$830K +59,154 +29%
Ameriprise
27
Ameriprise
Minnesota
$2.63M -$176K -12,573 -5%
GA
28
GFS Advisors
Texas
$2.4M +$14.5K +1,035 +0.5%
RhumbLine Advisers
29
RhumbLine Advisers
Massachusetts
$2.15M +$127K +9,038 +5%
Wells Fargo
30
Wells Fargo
California
$2.14M -$354K -25,244 -12%
Citadel Advisors
31
Citadel Advisors
Florida
$2.1M +$1.74M +123,875 +205%
TD Asset Management
32
TD Asset Management
Ontario, Canada
$2.1M -$1.16M -82,500 -31%
First Trust Advisors
33
First Trust Advisors
Illinois
$1.73M -$314K -22,402 -13%
Fidelity Investments
34
Fidelity Investments
Massachusetts
$1.71M +$2.09M +148,947 +19,419%
CC
35
Claybrook Capital
Massachusetts
$1.69M +$186K +13,245 +10%
Legal & General Group
36
Legal & General Group
United Kingdom
$1.66M +$119K +8,474 +6%
Qube Research & Technologies (QRT)
37
Qube Research & Technologies (QRT)
United Kingdom
$1.53M +$1.13M +80,694 +149%
Aviva
38
Aviva
United Kingdom
$1.53M -$4.24M -302,263 -69%
UBS Group
39
UBS Group
Switzerland
$1.52M +$329K +23,472 +21%
Prudential Financial
40
Prudential Financial
New Jersey
$1.52M +$47.4K +3,380 +3%
Voloridge Investment Management
41
Voloridge Investment Management
Florida
$1.35M -$1.01M -71,694 -38%
Swiss National Bank
42
Swiss National Bank
Switzerland
$1.27M -$191K -13,600 -11%
Public Sector Pension Investment Board (PSP Investments)
43
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.16M -$32.3K -2,303 -2%
BAMF
44
BI Asset Management Fondsmaeglerselskab
Denmark
$1.03M +$257K +18,337 +25%
XF
45
XML Financial
Maryland
$930K -$78.5K -5,600 -6%
LPL Financial
46
LPL Financial
California
$896K +$676K +48,231 +159%
RJA
47
Raymond James & Associates
Florida
$872K -$231K -16,504 -18%
Bank of America
48
Bank of America
North Carolina
$804K +$434K +30,930 +78%
CF
49
Cantor Fitzgerald
New York
$786K +$968K +69,000 New
Neuberger Berman Group
50
Neuberger Berman Group
New York
$780K +$24.9K +1,778 +3%

KREF Hedge Fund Activity: Q1 2023 in Review

166 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2023, worth a combined $603M — down 19% from $743M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new KREF positions and 25 closed out — a net gain of 2 holders — while 65 added to existing stakes and 52 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $16.3M. The largest seller was Goldman Sachs, cutting an estimated $22.4M.

  • 166 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2023, down from 167 in Q4 2022.
  • Funds reported $603M of KKR Real Estate Finance Trust stock for Q1 2023, down 19% quarter-over-quarter.
  • 27 funds opened new KKR Real Estate Finance Trust positions in Q1 2023 and 25 closed out, a net change of +2 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2023 was Balyasny Asset Management, an estimated $16.3M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2023 was Goldman Sachs, an estimated $22.4M sold.

Based on aggregated 13F filings for Q1 2023.