KKR Real Estate Finance Trust
KREF
60 hedge funds and large institutions have $757M invested in KKR Real Estate Finance Trust in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 25 increasing their positions, 8 reducing their positions, and 8 closing their positions.
213% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 8
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
11% more funds holding
Funds holding: 54 → 60 (+6)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.53% less ownership
Funds ownership: 72.68% → 72.15% (-0.53%)
2% less capital invested
Capital invested by funds: $776M → $757M (-$18.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.99M |
| 2 |
Renaissance Technologies
New York
|
+$2.33M |
| 3 |
BlackRock
New York
|
+$1.99M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.72M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.6M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$6.49M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.15M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$2.63M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$2.01M |
KREF Hedge Fund Activity: Q2 2018 in Review
60 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2018, worth a combined $757M — down 2.4% from $776M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new KREF positions and 8 closed out — a net gain of 6 holders — while 25 added to existing stakes and 8 trimmed.
The largest buyer was Acadian Asset Management, opening a new position worth an estimated $2.99M. The largest seller was Fidelity Investments, exiting entirely with an estimated $13.6M sold.
- 60 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2018, up from 54 in Q1 2018.
- Funds reported $757M of KKR Real Estate Finance Trust stock for Q2 2018, down 2.4% quarter-over-quarter.
- 14 funds opened new KKR Real Estate Finance Trust positions in Q2 2018 and 8 closed out, a net change of +6 holders.
- The largest KKR Real Estate Finance Trust buyer in Q2 2018 was Acadian Asset Management, an estimated $2.99M added.
- The largest KKR Real Estate Finance Trust seller in Q2 2018 was Fidelity Investments, an estimated $13.6M sold.
Based on aggregated 13F filings for Q2 2018.