KKR Real Estate Finance Trust
KREF
54 hedge funds and large institutions have $779M invested in KKR Real Estate Finance Trust in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
6% more funds holding
Funds holding: 51 → 54 (+3)
0.15% more ownership
Funds ownership: 72.34% → 72.49% (+0.15%)
5% less capital invested
Capital invested by funds: $818M → $779M (-$38.7M)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$16.6M |
| 2 |
Renaissance Technologies
New York
|
+$1.32M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.07M |
| 4 |
State Street
Boston,
Massachusetts
|
+$767K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$729K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$10.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$9.66M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$1.46M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$995K |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$630K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWM
51
Perigon Wealth Management
San Francisco,
California
| $4K | – | – | – |
|
52
Citigroup
New York
| $3K | +$3.54K | +171 | New |
|
|
DOA
53
D'Orazio & Associates
Falls Church,
Virginia
| $2K | – | – | – |
|
|
54
Teacher Retirement System of Texas
Austin,
Texas
| – | -$10.3M | -490,652 | Closed |
|
|
OAM
55
Oxford Asset Management
Oxford,
United Kingdom
| – | -$603K | -28,668 | Closed |
|
56
RhumbLine Advisers
Boston,
Massachusetts
| – | -$233K | -11,089 | Closed |
|
|
MLICM
57
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$224K | -10,665 | Closed |
|
|
RJFSA
58
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$205K | -9,750 | Closed |
|
|
NFA
59
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$125K | -5,955 | Closed |
|
|
FMA
60
FNY Managed Accounts
New York
| – | -$67K | -3,200 | Closed |
|
61
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$20.5K | -989 | -98% |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$16K | -765 | Closed |
|
KREF Hedge Fund Activity: Q4 2017 in Review
54 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2017, worth a combined $779M — down 4.7% from $818M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new KREF positions and 8 closed out — a net gain of 3 holders — while 14 added to existing stakes and 15 trimmed.
The largest buyer was Vanguard Group, adding an estimated $16.6M. The largest seller was Teacher Retirement System of Texas, exiting entirely with an estimated $10.3M sold.
- 54 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2017, up from 51 in Q3 2017.
- Funds reported $779M of KKR Real Estate Finance Trust stock for Q4 2017, down 4.7% quarter-over-quarter.
- 11 funds opened new KKR Real Estate Finance Trust positions in Q4 2017 and 8 closed out, a net change of +3 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2017 was Vanguard Group, an estimated $16.6M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2017 was Teacher Retirement System of Texas, an estimated $10.3M sold.
Based on aggregated 13F filings for Q4 2017.