We are live on ! Find out more
KREF

KKR Real Estate Finance Trust
KREF

103 hedge funds and large institutions have $909M invested in KKR Real Estate Finance Trust in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 22

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

3.76% more ownership

Funds ownership: 75.67% → 79.43% (+3.8%)

3% more funds holding

Funds holding: 100 → 103 (+3)

1% more capital invested

Capital invested by funds: $898M → $909M (+$10.7M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
103
Holders Change
+3
Holders Change %
+3%
% of All Funds
2.24%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
15
Increased
47
Reduced
22
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CGM
Capital Growth Management
Massachusetts
+$17.7M
2
CCM
Callodine Capital Management
Massachusetts
+$5.71M
3
N
Nuveen
North Carolina
+$5.1M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$3.9M
5
BlackRock
BlackRock
New York
+$2.33M

Top Sellers

Rank Fund Capital Flow
1
EM
Elliott Management
New York
-$10.4M
2
Renaissance Technologies
Renaissance Technologies
New York
-$5M
3
Bank of America
Bank of America
North Carolina
-$2.78M
4
Deutsche Bank
Deutsche Bank
Germany
-$2.62M
5
First Trust Advisors
First Trust Advisors
Illinois
-$2.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
SSA
76
Schonfeld Strategic Advisors
New York
$223K +$226K +11,200 New
QSS
77
Quantitative Systematic Strategies
Florida
$210K +$212K +10,518 New
MIM
78
MetLife Investment Management
New Jersey
$201K – – –
Morgan Stanley
79
Morgan Stanley
New York
$177K -$474K -23,444 -72%
MLICM
80
Metropolitan Life Insurance Company (MetLife)
New York
$147K – – –
PAM
81
Panagora Asset Management
Massachusetts
$141K – – –
SO
82
STRS Ohio
Ohio
$133K +$18.2K +900 +16%
Citigroup
83
Citigroup
New York
$129K +$25.8K +1,275 +25%
Legal & General Group
84
Legal & General Group
United Kingdom
$112K +$34.1K +1,689 +43%
Nisa Investment Advisors
85
Nisa Investment Advisors
Missouri
$111K +$44.1K +2,181 +64%
BNP Paribas Financial Markets
86
BNP Paribas Financial Markets
France
$84K -$15.8K -783 -16%
QT
87
Quantamental Technologies
New York
$55K -$10.1K -500 -15%
Bank of Montreal
88
Bank of Montreal
Ontario, Canada
$52K +$43.1K +2,133 +411%
AG
89
Aperio Group
California
$46K +$46.3K +2,290 New
AIP
90
Ameritas Investment Partners
Nebraska
$43K +$14.6K +721 +50%
CCA
91
Catalyst Capital Advisors
New York
$39K -$5.25K -260 -12%
Zurich Cantonal Bank
92
Zurich Cantonal Bank
Switzerland
$37K – – –
Canada Life
93
Canada Life
Manitoba, Canada
$33K – – –
PNC Financial Services Group
94
PNC Financial Services Group
Pennsylvania
$31K +$31.2K +1,545 New
AI
95
ArchPoint Investors
Florida
$25K – – –
TRCT
96
Tower Research Capital (TRC)
New York
$23K +$22.8K +1,130 New
Fidelity Investments
97
Fidelity Investments
Massachusetts
$19K – – –
AS
98
Altshuler Shaham
Israel
$16K – – –
AG
99
Advisor Group
Arizona
$10K -$1.48K -73 -13%
Royal Bank of Canada
100
Royal Bank of Canada
Ontario, Canada
$10K +$9.7K +480 New
1 2 3
4
5

KREF Hedge Fund Activity: Q2 2019 in Review

103 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2019, worth a combined $909M — up 1.2% from $898M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new KREF positions and 10 closed out — a net gain of 5 holders — while 47 added to existing stakes and 22 trimmed.

The largest buyer was Capital Growth Management, adding an estimated $17.7M. The largest seller was Elliott Management, exiting entirely with an estimated $10.4M sold.

  • 103 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2019, up from 100 in Q1 2019.
  • Funds reported $909M of KKR Real Estate Finance Trust stock for Q2 2019, up 1.2% quarter-over-quarter.
  • 15 funds opened new KKR Real Estate Finance Trust positions in Q2 2019 and 10 closed out, a net change of +5 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q2 2019 was Capital Growth Management, an estimated $17.7M added.
  • The largest KKR Real Estate Finance Trust seller in Q2 2019 was Elliott Management, an estimated $10.4M sold.

Based on aggregated 13F filings for Q2 2019.