KKR Real Estate Finance Trust
KREF
172 hedge funds and large institutions have $629M invested in KKR Real Estate Finance Trust in 2024 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 59 increasing their positions, 49 reducing their positions, and 15 closing their positions.
2,806% more call options, than puts
Call options by funds: $13.7M | Put options by funds: $473K
147% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 15
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
40% more capital invested
Capital invested by funds: $448M → $629M (+$180M)
20% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 49
15% more funds holding
Funds holding: 150 → 172 (+22)
2.6% more ownership
Funds ownership: 70.76% → 73.36% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
+$18.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.62M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$7.84M |
| 4 |
GC
Gratia Capital
Los Angeles,
California
|
+$3.69M |
| 5 |
GA
GFS Advisors
Houston,
Texas
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$13.8M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.68M |
| 3 |
NWM
Nicola Wealth Management
Vancouver,
British Columbia, Canada
|
-$5.61M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$3.35M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$2.65M |
KREF Hedge Fund Activity: Q3 2024 in Review
172 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2024, worth a combined $629M — up 40% from $448M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new KREF positions and 15 closed out — a net gain of 22 holders — while 59 added to existing stakes and 49 trimmed.
The largest buyer was Azora Capital LP, opening a new position worth an estimated $18.3M. The largest seller was Nomura Holdings, exiting entirely with an estimated $13.8M sold.
- 172 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2024, up from 150 in Q2 2024.
- Funds reported $629M of KKR Real Estate Finance Trust stock for Q3 2024, up 40% quarter-over-quarter.
- 37 funds opened new KKR Real Estate Finance Trust positions in Q3 2024 and 15 closed out, a net change of +22 holders.
- The largest KKR Real Estate Finance Trust buyer in Q3 2024 was Azora Capital LP, an estimated $18.3M added.
- The largest KKR Real Estate Finance Trust seller in Q3 2024 was Nomura Holdings, an estimated $13.8M sold.
Based on aggregated 13F filings for Q3 2024.