KKR Real Estate Finance Trust
KREF
51 hedge funds and large institutions have $818M invested in KKR Real Estate Finance Trust in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
4% more funds holding
Funds holding: 49 → 51 (+2)
0.06% more ownership
Funds ownership: 72.27% → 72.34% (+0.06%)
2% less capital invested
Capital invested by funds: $835M → $818M (-$17.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$5.92M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$2.59M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$2M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.59M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$1.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.07M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
-$4.31M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$1.84M |
| 4 |
Goldman Sachs
New York
|
-$1.41M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DOA
51
D'Orazio & Associates
Falls Church,
Virginia
| $2K | +$2.08K | +100 | New |
|
|
52
Westfield Capital Management
Boston,
Massachusetts
| – | -$4.31M | -200,565 | Closed |
|
|
53
Goldman Sachs
New York
| – | -$1.41M | -65,602 | Closed |
|
54
JP Morgan Chase
New York
| – | -$9K | -400 | Closed |
|
|
CCA
55
Catalyst Capital Advisors
Huntington,
New York
| – | -$5K | -240 | Closed |
|
56
Citigroup
New York
| – | -$2K | -128 | Closed |
|
KREF Hedge Fund Activity: Q3 2017 in Review
51 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2017, worth a combined $818M — down 2% from $835M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KREF positions and 5 closed out — a net gain of 2 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was BlackRock, adding an estimated $5.92M. The largest seller was Fidelity Investments, cutting an estimated $7.07M.
- 51 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2017, up from 49 in Q2 2017.
- Funds reported $818M of KKR Real Estate Finance Trust stock for Q3 2017, down 2% quarter-over-quarter.
- 7 funds opened new KKR Real Estate Finance Trust positions in Q3 2017 and 5 closed out, a net change of +2 holders.
- The largest KKR Real Estate Finance Trust buyer in Q3 2017 was BlackRock, an estimated $5.92M added.
- The largest KKR Real Estate Finance Trust seller in Q3 2017 was Fidelity Investments, an estimated $7.07M sold.
Based on aggregated 13F filings for Q3 2017.