KKR Real Estate Finance Trust
KREF
97 hedge funds and large institutions have $827M invested in KKR Real Estate Finance Trust in 2018 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 14 reducing their positions, and 4 closing their positions.
525% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 4
229% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 14
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
28% more funds holding
Funds holding: 76 → 97 (+21)
1.5% more ownership
Funds ownership: 72.45% → 73.94% (+1.5%)
2% less capital invested
Capital invested by funds: $848M → $827M (-$21M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
+$10.2M |
| 2 |
BlackRock
New York
|
+$10M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$7.68M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$5.36M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$34.5M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$5.87M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$4.09M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.57M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.76M |
KREF Hedge Fund Activity: Q4 2018 in Review
97 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2018, worth a combined $827M — down 2.5% from $848M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new KREF positions and 4 closed out — a net gain of 21 holders — while 46 added to existing stakes and 14 trimmed.
The largest buyer was Elliott Management, opening a new position worth an estimated $10.2M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $34.5M.
- 97 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2018, up from 76 in Q3 2018.
- Funds reported $827M of KKR Real Estate Finance Trust stock for Q4 2018, down 2.5% quarter-over-quarter.
- 25 funds opened new KKR Real Estate Finance Trust positions in Q4 2018 and 4 closed out, a net change of +21 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2018 was Elliott Management, an estimated $10.2M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2018 was Kohlberg Kravis Roberts & Co, an estimated $34.5M sold.
Based on aggregated 13F filings for Q4 2018.