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KREF

KKR Real Estate Finance Trust

166 hedge funds and large institutions have $603M invested in KKR Real Estate Finance Trust in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 52 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 52

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.42% less ownership

Funds ownership: 76.87%76.45% (-0.42%)

1% less funds holding

Funds holding: 167166 (-1)

19% less capital invested

Capital invested by funds: $743M → $603M (-$140M)

43% less call options, than puts

Call options by funds: $433K | Put options by funds: $764K

Holders
166
Holders Change
-1
Holders Change %
-0.6%
% of All Funds
2.65%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
27
Increased
65
Reduced
52
Closed
25
Calls
$433K
Puts
$764K
Net Calls
-$331K
Net Calls Change
-$339K
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
76
Royal Bank of Canada
Ontario, Canada
$424K +$15.6K +1,111 +3%
SG Americas Securities
77
SG Americas Securities
New York
$408K +$304K +21,710 +154%
Deutsche Bank
78
Deutsche Bank
Germany
$401K +$153K +10,888 +45%
Manulife (Manufacturers Life Insurance)
79
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$393K -$10K -713 -2%
CSS
80
Cubist Systematic Strategies
Connecticut
$386K +$476K +33,920 New
State of Tennessee, Department of Treasury
81
State of Tennessee, Department of Treasury
Tennessee
$382K -$51.4K -3,662 -10%
YCM
82
Yousif Capital Management
Michigan
$373K -$53.5K -3,815 -10%
EW
83
Evoke Wealth
California
$357K -$36.5K -2,600 -8%
AIG
84
American International Group
New York
$356K +$2.51K +179 +0.6%
MIM
85
MetLife Investment Management
New Jersey
$347K
Citigroup
86
Citigroup
New York
$339K -$66.3K -4,729 -14%
Barclays
87
Barclays
United Kingdom
$338K +$27.9K +1,989 +7%
Janus Henderson Group
88
Janus Henderson Group
United Kingdom
$328K +$404K +28,838 New
LSERS
89
Louisiana State Employees Retirement System
Louisiana
$309K -$1.4K -100 -0.4%
SWP
90
Stratos Wealth Partners
Ohio
$307K +$67.2K +4,795 +22%
EMFAT
91
Emerald Mutual Fund Advisers Trust
Pennsylvania
$307K +$378K +26,920 New
CAN
92
Cetera Advisor Networks
California
$297K -$659 -47 -0.2%
HV
93
HST Ventures
Utah
$293K +$360K +25,704 New
PCM
94
Penserra Capital Management
California
$289K +$66.7K +4,756 +23%
CWM
95
Connecticut Wealth Management
Connecticut
$289K +$356K +25,369 New
JF
96
Jump Financial
Illinois
$281K +$346K +24,641 New
Nisa Investment Advisors
97
Nisa Investment Advisors
Missouri
$280K +$40.5K +2,885 +13%
AB
98
Amalgamated Bank
New York
$276K -$24.8K -1,768 -7%
MSRPS
99
Maryland State Retirement & Pension System
Maryland
$269K
Creative Planning
100
Creative Planning
Kansas
$246K +$302K +21,567 New

KREF Hedge Fund Activity: Q1 2023 in Review

166 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2023, worth a combined $603M — down 19% from $743M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new KREF positions and 25 closed out — a net gain of 2 holders — while 65 added to existing stakes and 52 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $16.3M. The largest seller was Goldman Sachs, cutting an estimated $22.4M.

  • 166 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2023, down from 167 in Q4 2022.
  • Funds reported $603M of KKR Real Estate Finance Trust stock for Q1 2023, down 19% quarter-over-quarter.
  • 27 funds opened new KKR Real Estate Finance Trust positions in Q1 2023 and 25 closed out, a net change of +2 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2023 was Balyasny Asset Management, an estimated $16.3M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2023 was Goldman Sachs, an estimated $22.4M sold.

Based on aggregated 13F filings for Q1 2023.