KKR Real Estate Finance Trust
KREF
171 hedge funds and large institutions have $513M invested in KKR Real Estate Finance Trust in 2024 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 66 increasing their positions, 42 reducing their positions, and 24 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 42
8% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 24
0.45% less ownership
Funds ownership: 73.36% → 72.91% (-0.45%)
1% less funds holding
Funds holding: 172 → 171 (-1)
18% less capital invested
Capital invested by funds: $629M → $513M (-$116M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
56% less call options, than puts
Call options by funds: $1.16M | Put options by funds: $2.62M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$6.07M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$5.26M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$5.21M |
| 4 |
LIP
Lighthouse Investment Partners
Palm Beach Gardens,
Florida
|
+$2.81M |
| 5 |
JP Morgan Chase
New York
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
-$20.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$6.76M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$5.17M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.28M |
| 5 |
A
AlphaQuest
New York
|
-$1.2M |
KREF Hedge Fund Activity: Q4 2024 in Review
171 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2024, worth a combined $513M — down 18% from $629M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new KREF positions and 24 closed out — a net gain of 2 holders — while 66 added to existing stakes and 42 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $6.07M. The largest seller was Azora Capital LP, exiting entirely with an estimated $20.2M sold.
- 171 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2024, down from 172 in Q3 2024.
- Funds reported $513M of KKR Real Estate Finance Trust stock for Q4 2024, down 18% quarter-over-quarter.
- 26 funds opened new KKR Real Estate Finance Trust positions in Q4 2024 and 24 closed out, a net change of +2 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2024 was Wellington Management Group, an estimated $6.07M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2024 was Azora Capital LP, an estimated $20.2M sold.
Based on aggregated 13F filings for Q4 2024.