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KREF

KKR Real Estate Finance Trust
KREF

128 hedge funds and large institutions have $891M invested in KKR Real Estate Finance Trust in 2021 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 46 increasing their positions, 43 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 13

8% more funds holding

Funds holding: 118 → 128 (+10)

1.89% more ownership

Funds ownership: 85.22% → 87.11% (+1.9%)

7% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 43

5% more capital invested

Capital invested by funds: $850M → $891M (+$41.1M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
128
Holders Change
+10
Holders Change %
+8.47%
% of All Funds
2.25%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
24
Increased
46
Reduced
43
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$19.8M
2
BlackRock
BlackRock
New York
+$7.01M
3
JP Morgan Chase
JP Morgan Chase
New York
+$5.77M
4
N
Nuveen
North Carolina
+$5.3M
5
Renaissance Technologies
Renaissance Technologies
New York
+$4.83M

Top Sellers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$22.6M
2
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$16.3M
3
Barclays
Barclays
United Kingdom
-$2.93M
4
Aviva
Aviva
United Kingdom
-$1.62M
5
First Trust Advisors
First Trust Advisors
Illinois
-$1.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
76
Verition Fund Management
Connecticut
$348K +$347K +18,924 New
SOADOR
77
State of Alaska Department of Revenue
Alaska
$339K -$49.7K -2,710 -13%
TRCT
78
Tower Research Capital (TRC)
New York
$332K +$315K +17,203 +1,966%
QI
79
QS Investors
New York
$332K +$330K +18,000 New
BNP Paribas Financial Markets
80
BNP Paribas Financial Markets
France
$296K +$135K +7,383 +85%
State of Tennessee, Department of Treasury
81
State of Tennessee, Department of Treasury
Tennessee
$285K +$385 +21 +0.1%
JMPWA
82
JP Morgan Private Wealth Advisors
California
$273K – – –
New York State Teachers Retirement System (NYSTRS)
83
New York State Teachers Retirement System (NYSTRS)
New York
$248K -$9.17K -500 -4%
Manulife (Manufacturers Life Insurance)
84
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$247K -$56.5K -3,083 -19%
AIM
85
Aigen Investment Management
New York
$246K +$245K +13,354 New
HF
86
HRT Financial
New York
$239K +$239K +13,024 New
SG Americas Securities
87
SG Americas Securities
New York
$234K -$164K -8,930 -41%
LSERS
88
Louisiana State Employees Retirement System
Louisiana
$228K -$1.83K -100 -0.8%
MIM
89
MetLife Investment Management
New Jersey
$222K -$53.7K -2,930 -20%
SDWIA
90
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$212K – – –
IA
91
IndexIQ Advisors
New York
$210K +$24.7K +1,345 +13%
Baird Financial Group
92
Baird Financial Group
Wisconsin
$206K +$205K +11,200 New
OPERF
93
Oregon Public Employees Retirement Fund
Oregon
$203K +$3.67K +200 +2%
E
94
Ergoteles
New York
$201K +$201K +10,943 New
MLICM
95
Metropolitan Life Insurance Company (MetLife)
New York
$155K -$19.7K -1,073 -11%
TRSOTSOK
96
Teachers Retirement System of the State of Kentucky
Kentucky
$134K – – –
SO
97
STRS Ohio
Ohio
$128K – – –
Bank of Montreal
98
Bank of Montreal
Ontario, Canada
$122K -$6.01K -328 -5%
Zurich Cantonal Bank
99
Zurich Cantonal Bank
Switzerland
$107K +$44.3K +2,417 +71%
Russell Investments Group
100
Russell Investments Group
United Kingdom
$75K -$1.13M -61,840 -94%
2 3
4
5 6

KREF Hedge Fund Activity: Q1 2021 in Review

128 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2021, worth a combined $891M — up 4.8% from $850M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new KREF positions and 13 closed out — a net gain of 11 holders — while 46 added to existing stakes and 43 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $19.8M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $22.6M.

  • 128 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2021, up from 118 in Q4 2020.
  • Funds reported $891M of KKR Real Estate Finance Trust stock for Q1 2021, up 4.8% quarter-over-quarter.
  • 24 funds opened new KKR Real Estate Finance Trust positions in Q1 2021 and 13 closed out, a net change of +11 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2021 was Allianz Asset Management, an estimated $19.8M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $22.6M sold.

Based on aggregated 13F filings for Q1 2021.