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KREF

KKR Real Estate Finance Trust
KREF

168 hedge funds and large institutions have $1.01B invested in KKR Real Estate Finance Trust in 2021 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 84 increasing their positions, 29 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 11

190% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 29

34% more call options, than puts

Call options by funds: $1.82M | Put options by funds: $1.36M

15% more funds holding

Funds holding: 146 → 168 (+22)

4% more capital invested

Capital invested by funds: $967M → $1.01B (+$39.9M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.89% less ownership

Funds ownership: 82.36% → 79.47% (-2.9%)

Holders
168
Holders Change
+22
Holders Change %
+15.07%
% of All Funds
2.59%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
84
Reduced
29
Closed
11
Calls
$1.82M
Puts
$1.36M
Net Calls
+$462K
Net Calls Change
+$1.11M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$15.2M
2
SI
Stephens Inc
Arkansas
+$5M
3
GA
GFS Advisors
Texas
+$4.57M
4
RBC
Roble Belko & Company
Pennsylvania
+$3.83M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$3.53M

Top Sellers

Rank Fund Capital Flow
1
ECM
Element Capital Management
New York
-$4.91M
2
CS
Credit Suisse
Switzerland
-$3.93M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$3.22M
4
Federated Hermes
Federated Hermes
Pennsylvania
-$2.21M
5
First Trust Advisors
First Trust Advisors
Illinois
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
EH
76
Equitable Holdings
New York
$645K +$354K +16,450 +113%
BAM
77
Blueshift Asset Management
New Jersey
$625K +$647K +30,015 New
ETC
78
Exchange Traded Concepts
Oklahoma
$583K +$10.9K +507 +2%
HighTower Advisors
79
HighTower Advisors
Illinois
$569K +$589K +27,326 New
IC
80
IEQ Capital
California
$562K +$7.47K +347 +1%
New York State Common Retirement Fund
81
New York State Common Retirement Fund
New York
$523K +$323 +15 +0.1%
Deutsche Bank
82
Deutsche Bank
Germany
$516K +$63.3K +2,938 +13%
CS
83
Credit Suisse
Switzerland
$515K -$3.93M -182,293 -88%
AllianceBernstein
84
AllianceBernstein
Tennessee
$503K +$70.2K +3,259 +16%
ACM
85
AlphaStar Capital Management
North Carolina
$502K -$41.4K -1,924 -8%
Nisa Investment Advisors
86
Nisa Investment Advisors
Missouri
$488K -$28.4K -1,320 -5%
TGAM
87
TBH Global Asset Management
Tennessee
$483K +$22K +1,023 +5%
AIG
88
American International Group
New York
$462K +$27K +1,255 +6%
LSERS
89
Louisiana State Employees Retirement System
Louisiana
$448K +$43.1K +2,000 +10%
CSS
90
Cubist Systematic Strategies
Connecticut
$441K -$110K -5,114 -19%
LPL Financial
91
LPL Financial
California
$432K +$29.8K +1,384 +7%
Stifel Financial
92
Stifel Financial
Missouri
$417K +$206K +9,573 +92%
AB
93
Amalgamated Bank
New York
$406K +$26.3K +1,220 +7%
CWG
94
Crown Wealth Group
North Carolina
$375K +$388K +18,000 New
MSRPS
95
Maryland State Retirement & Pension System
Maryland
$369K +$39.1K +1,814 +11%
State of Tennessee, Department of Treasury
96
State of Tennessee, Department of Treasury
Tennessee
$360K +$40.3K +1,871 +12%
Los Angeles Capital Management
97
Los Angeles Capital Management
California
$352K -$21.1K -980 -5%
HF
98
HRT Financial
New York
$350K +$363K +16,834 New
IFG
99
Independent Financial Group
California
$347K +$1.08K +50 +0.3%
KPW
100
Kore Private Wealth
New York
$343K +$10.2K +473 +3%
2 3
4
5 6

KREF Hedge Fund Activity: Q4 2021 in Review

168 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2021, worth a combined $1.01B — up 4.1% from $967M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new KREF positions and 11 closed out — a net gain of 22 holders — while 84 added to existing stakes and 29 trimmed.

The largest buyer was BlackRock, adding an estimated $15.2M. The largest seller was Element Capital Management, exiting entirely with an estimated $4.91M sold.

  • 168 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2021, up from 146 in Q3 2021.
  • Funds reported $1.01B of KKR Real Estate Finance Trust stock for Q4 2021, up 4.1% quarter-over-quarter.
  • 33 funds opened new KKR Real Estate Finance Trust positions in Q4 2021 and 11 closed out, a net change of +22 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q4 2021 was BlackRock, an estimated $15.2M added.
  • The largest KKR Real Estate Finance Trust seller in Q4 2021 was Element Capital Management, an estimated $4.91M sold.

Based on aggregated 13F filings for Q4 2021.