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KREF

KKR Real Estate Finance Trust

155 hedge funds and large institutions have $500M invested in KKR Real Estate Finance Trust in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 48 increasing their positions, 63 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more call options, than puts

Call options by funds: $1.13M | Put options by funds: $774K

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.41% less ownership

Funds ownership: 71.48%71.07% (-0.41%)

3% less funds holding

Funds holding: 160155 (-5)

14% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 28

24% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 63

24% less capital invested

Capital invested by funds: $658M → $500M (-$158M)

Holders
155
Holders Change
-5
Holders Change %
-3.13%
% of All Funds
2.23%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
24
Increased
48
Reduced
63
Closed
28
Calls
$1.13M
Puts
$774K
Net Calls
+$354K
Net Calls Change
+$656K
Name Holding Trade Value Shares
Change
Change in
Stake
BAMF
26
BI Asset Management Fondsmaeglerselskab
Denmark
$2.13M +$732K +66,716 +46%
RhumbLine Advisers
27
RhumbLine Advisers
Massachusetts
$1.86M -$2.33K -212 -0.1%
Ameriprise
28
Ameriprise
Minnesota
$1.8M -$198K -18,087 -9%
AI
29
AXS Investments
New York
$1.72M -$257K -23,444 -12%
D.E. Shaw & Co
30
D.E. Shaw & Co
New York
$1.66M +$1.57M +143,061 +646%
Legal & General Group
31
Legal & General Group
United Kingdom
$1.63M +$34.4K +3,136 +2%
UBS Group
32
UBS Group
Switzerland
$1.53M -$14.3K -1,303 -0.9%
N
33
Nuveen
North Carolina
$1.44M -$529K -48,216 -25%
Prudential Financial
34
Prudential Financial
New Jersey
$1.33M -$11K -1,000 -0.8%
Citadel Advisors
35
Citadel Advisors
Florida
$1.3M +$151K +13,738 +12%
Public Sector Pension Investment Board (PSP Investments)
36
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.22M
Swiss National Bank
37
Swiss National Bank
Switzerland
$1.16M
Wells Fargo
38
Wells Fargo
California
$1.05M -$924K -84,268 -45%
LPL Financial
39
LPL Financial
California
$923K -$117K -10,686 -10%
AG
40
Algert Global
California
$828K +$69.1K +6,300 +8%
CS
41
Credit Suisse
Switzerland
$747K +$22K +2,003 +3%
Canada Life
42
Canada Life
Manitoba, Canada
$733K +$245K +22,312 +44%
Lido Advisors
43
Lido Advisors
California
$709K -$936K -85,372 -55%
Jane Street
44
Jane Street
New York
$708K +$428K +39,054 +125%
AWA
45
Arete Wealth Advisors
Illinois
$703K +$101K +9,234 +15%
RJA
46
Raymond James & Associates
Florida
$656K +$47K +4,284 +7%
Osaic Holdings
47
Osaic Holdings
Arizona
$643K -$95K -8,660 -12%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$593K -$34.3K -3,132 -5%
AllianceBernstein
49
AllianceBernstein
Tennessee
$560K -$2.36K -215 -0.4%
PCM
50
Penserra Capital Management
California
$553K +$75K +6,840 +14%

KREF Hedge Fund Activity: Q1 2024 in Review

155 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2024, worth a combined $500M — down 24% from $658M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of KREF and 24 opened new positions — a net loss of 4 holders — while 63 trimmed existing stakes and 48 added.

The largest buyer was Balyasny Asset Management, adding an estimated $10.3M. The largest seller was Morgan Stanley, cutting an estimated $11.3M.

  • 155 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2024, down from 160 in Q4 2023.
  • Funds reported $500M of KKR Real Estate Finance Trust stock for Q1 2024, down 24% quarter-over-quarter.
  • 24 funds opened new KKR Real Estate Finance Trust positions in Q1 2024 and 28 closed out, a net change of -4 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2024 was Balyasny Asset Management, an estimated $10.3M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2024 was Morgan Stanley, an estimated $11.3M sold.

Based on aggregated 13F filings for Q1 2024.