KKR Real Estate Finance Trust
KREF
146 hedge funds and large institutions have $967M invested in KKR Real Estate Finance Trust in 2021 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 61 increasing their positions, 30 reducing their positions, and 19 closing their positions.
103% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 30
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
7% more funds holding
Funds holding: 137 → 146 (+9)
0.11% more ownership
Funds ownership: 82.25% → 82.36% (+0.11%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $989M → $967M (-$22.2M)
55% less call options, than puts
Call options by funds: $527K | Put options by funds: $1.18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$22.6M |
| 2 |
ECM
Element Capital Management
New York
|
+$4.93M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$4.7M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.56M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Temasek Holdings
Singapore
|
-$52.8M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$2.98M |
| 3 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$2.7M |
| 4 |
Renaissance Technologies
New York
|
-$2.39M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.85M |
KREF Hedge Fund Activity: Q3 2021 in Review
146 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2021, worth a combined $967M — down 2.2% from $989M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new KREF positions and 19 closed out — a net gain of 9 holders — while 61 added to existing stakes and 30 trimmed.
The largest buyer was BlackRock, adding an estimated $22.6M. The largest seller was Temasek Holdings, exiting entirely with an estimated $52.8M sold.
- 146 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2021, up from 137 in Q2 2021.
- Funds reported $967M of KKR Real Estate Finance Trust stock for Q3 2021, down 2.2% quarter-over-quarter.
- 28 funds opened new KKR Real Estate Finance Trust positions in Q3 2021 and 19 closed out, a net change of +9 holders.
- The largest KKR Real Estate Finance Trust buyer in Q3 2021 was BlackRock, an estimated $22.6M added.
- The largest KKR Real Estate Finance Trust seller in Q3 2021 was Temasek Holdings, an estimated $52.8M sold.
Based on aggregated 13F filings for Q3 2021.