KKR Real Estate Finance Trust
KREF
160 hedge funds and large institutions have $658M invested in KKR Real Estate Finance Trust in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 49 increasing their positions, 61 reducing their positions, and 17 closing their positions.
35% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 17
11% more capital invested
Capital invested by funds: $591M → $658M (+$67.9M)
3% more funds holding
Funds holding: 155 → 160 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.18% less ownership
Funds ownership: 71.66% → 71.48% (-0.18%)
20% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 61
33% less call options, than puts
Call options by funds: $623K | Put options by funds: $925K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$10.5M |
| 2 |
Morgan Stanley
New York
|
+$7.86M |
| 3 |
BlackRock
New York
|
+$5.1M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$1.85M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$12.7M |
| 2 |
Goldman Sachs
New York
|
-$4.5M |
| 3 |
NSLI
Nan Shan Life Insurance
Taipei City,
Taiwan
|
-$3.4M |
| 4 |
RBC
Roble Belko & Company
Sewickley,
Pennsylvania
|
-$3.3M |
| 5 |
HV
HST Ventures
Park City,
Utah
|
-$2.53M |
KREF Hedge Fund Activity: Q4 2023 in Review
160 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2023, worth a combined $658M — up 11% from $591M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new KREF positions and 17 closed out — a net gain of 6 holders — while 49 added to existing stakes and 61 trimmed.
The largest buyer was Invesco, adding an estimated $10.5M. The largest seller was Balyasny Asset Management, cutting an estimated $12.7M.
- 160 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2023, up from 155 in Q3 2023.
- Funds reported $658M of KKR Real Estate Finance Trust stock for Q4 2023, up 11% quarter-over-quarter.
- 23 funds opened new KKR Real Estate Finance Trust positions in Q4 2023 and 17 closed out, a net change of +6 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2023 was Invesco, an estimated $10.5M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2023 was Balyasny Asset Management, an estimated $12.7M sold.
Based on aggregated 13F filings for Q4 2023.