KKR Real Estate Finance Trust
KREF
76 hedge funds and large institutions have $848M invested in KKR Real Estate Finance Trust in 2018 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 36 increasing their positions, 6 reducing their positions, and 5 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 6
320% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 5
27% more funds holding
Funds holding: 60 → 76 (+16)
12% more capital invested
Capital invested by funds: $757M → $848M (+$90.6M)
0.3% more ownership
Funds ownership: 72.15% → 72.45% (+0.3%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$15.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.2M |
| 3 |
RA
Resource America
New York
|
+$4.62M |
| 4 |
Renaissance Technologies
New York
|
+$4.22M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$4.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
-$5.49M |
| 2 |
OH
Oikos Holdings
New York
|
-$4.56M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$990K |
| 4 |
EMG
Ellington Management Group
Old Greenwich,
Connecticut
|
-$541K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$400K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$400K | -20,208 | Closed |
|
77
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$175K | -8,895 | Closed |
|
|
PIA
78
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$5K | -277 | Closed |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| – | -$2K | -100 | Closed |
|
|
AG
80
Advisor Group
Phoenix,
Arizona
| – | +$103 | +5 | New |
|
KREF Hedge Fund Activity: Q3 2018 in Review
76 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2018, worth a combined $848M — up 12% from $757M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new KREF positions and 5 closed out — a net gain of 16 holders — while 36 added to existing stakes and 6 trimmed.
The largest buyer was BlackRock, adding an estimated $15.8M. The largest seller was ArchPoint Investors, cutting an estimated $5.49M.
- 76 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2018, up from 60 in Q2 2018.
- Funds reported $848M of KKR Real Estate Finance Trust stock for Q3 2018, up 12% quarter-over-quarter.
- 21 funds opened new KKR Real Estate Finance Trust positions in Q3 2018 and 5 closed out, a net change of +16 holders.
- The largest KKR Real Estate Finance Trust buyer in Q3 2018 was BlackRock, an estimated $15.8M added.
- The largest KKR Real Estate Finance Trust seller in Q3 2018 was ArchPoint Investors, an estimated $5.49M sold.
Based on aggregated 13F filings for Q3 2018.