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KREF

KKR Real Estate Finance Trust

166 hedge funds and large institutions have $603M invested in KKR Real Estate Finance Trust in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 52 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 52

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.42% less ownership

Funds ownership: 76.87%76.45% (-0.42%)

1% less funds holding

Funds holding: 167166 (-1)

19% less capital invested

Capital invested by funds: $743M → $603M (-$140M)

43% less call options, than puts

Call options by funds: $433K | Put options by funds: $764K

Holders
166
Holders Change
-1
Holders Change %
-0.6%
% of All Funds
2.65%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
27
Increased
65
Reduced
52
Closed
25
Calls
$433K
Puts
$764K
Net Calls
-$331K
Net Calls Change
-$339K
Name Holding Trade Value Shares
Change
Change in
Stake
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$760K -$16.2K -1,158 -2%
Corient Private Wealth
52
Corient Private Wealth
Florida
$759K -$691K -49,283 -43%
HighTower Advisors
53
HighTower Advisors
Illinois
$723K -$183K -13,073 -17%
AllianceBernstein
54
AllianceBernstein
Tennessee
$707K -$119K -8,467 -12%
COPPSERS
55
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$700K +$701 +50 +0.1%
Thrivent Financial for Lutherans
56
Thrivent Financial for Lutherans
Minnesota
$655K -$18.7K -1,334 -2%
Susquehanna International Group
57
Susquehanna International Group
Pennsylvania
$646K +$582K +41,516 +272%
Canada Life
58
Canada Life
Manitoba, Canada
$634K -$17.9K -1,277 -2%
Renaissance Technologies
59
Renaissance Technologies
New York
$617K -$1.36M -97,300 -64%
AI
60
AXS Investments
New York
$607K -$237K -16,897 -24%
UBS AM
61
UBS AM
Illinois
$607K +$78.2K +5,575 +12%
TPSF
62
Texas Permanent School Fund
Texas
$589K +$186K +13,263 +35%
Osaic Holdings
63
Osaic Holdings
Arizona
$588K +$270K +19,284 +60%
RVPG
64
Relative Value Partners Group
$573K +$2.65K +189 +0.4%
GI
65
GAMCO Investors
Connecticut
$570K
IC
66
IEQ Capital
California
$558K +$210K +15,009 +44%
State of Wisconsin Investment Board
67
State of Wisconsin Investment Board
Wisconsin
$554K +$682K +48,641 New
RJFSA
68
Raymond James Financial Services Advisors
Florida
$541K +$339K +24,172 +104%
AWA
69
Arete Wealth Advisors
Illinois
$516K +$635K +45,300 New
CS
70
Credit Suisse
Switzerland
$515K +$182 +13 +0%
BNP Paribas Financial Markets
71
BNP Paribas Financial Markets
France
$476K +$338K +24,112 +137%
Russell Investments Group
72
Russell Investments Group
United Kingdom
$469K
Ensign Peak Advisors
73
Ensign Peak Advisors
Utah
$466K +$208K +14,800 +57%
SOADOR
74
State of Alaska Department of Revenue
Alaska
$452K -$2.9K -207 -0.5%
New York State Common Retirement Fund
75
New York State Common Retirement Fund
New York
$437K -$119K -8,500 -18%

KREF Hedge Fund Activity: Q1 2023 in Review

166 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2023, worth a combined $603M — down 19% from $743M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new KREF positions and 25 closed out — a net gain of 2 holders — while 65 added to existing stakes and 52 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $16.3M. The largest seller was Goldman Sachs, cutting an estimated $22.4M.

  • 166 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2023, down from 167 in Q4 2022.
  • Funds reported $603M of KKR Real Estate Finance Trust stock for Q1 2023, down 19% quarter-over-quarter.
  • 27 funds opened new KKR Real Estate Finance Trust positions in Q1 2023 and 25 closed out, a net change of +2 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2023 was Balyasny Asset Management, an estimated $16.3M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2023 was Goldman Sachs, an estimated $22.4M sold.

Based on aggregated 13F filings for Q1 2023.