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KREF

KKR Real Estate Finance Trust

155 hedge funds and large institutions have $500M invested in KKR Real Estate Finance Trust in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 48 increasing their positions, 63 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more call options, than puts

Call options by funds: $1.13M | Put options by funds: $774K

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.41% less ownership

Funds ownership: 71.48%71.07% (-0.41%)

3% less funds holding

Funds holding: 160155 (-5)

14% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 28

24% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 63

24% less capital invested

Capital invested by funds: $658M → $500M (-$158M)

Holders
155
Holders Change
-5
Holders Change %
-3.13%
% of All Funds
2.23%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
24
Increased
48
Reduced
63
Closed
28
Calls
$1.13M
Puts
$774K
Net Calls
+$354K
Net Calls Change
+$656K
Name Holding Trade Value Shares
Change
Change in
Stake
Janus Henderson Group
76
Janus Henderson Group
United Kingdom
$290K +$11 +1 +0%
LSERS
77
Louisiana State Employees Retirement System
Louisiana
$290K -$3.29K -300 -1%
State of Tennessee, Department of Treasury
78
State of Tennessee, Department of Treasury
Tennessee
$289K -$42.4K -3,865 -12%
Deutsche Bank
79
Deutsche Bank
Germany
$273K +$20K +1,822 +7%
YIH
80
Y-Intercept (HK)
Hong Kong
$265K +$289K +26,354 New
YCM
81
Yousif Capital Management
Michigan
$261K -$32.5K -2,965 -10%
CWM
82
Connecticut Wealth Management
Connecticut
$255K
New York State Teachers Retirement System (NYSTRS)
83
New York State Teachers Retirement System (NYSTRS)
New York
$249K
EW
84
Evoke Wealth
California
$239K
Nisa Investment Advisors
85
Nisa Investment Advisors
Missouri
$232K -$172K -15,700 -41%
TCA
86
Transcend Capital Advisors
New Jersey
$231K +$252K +23,000 New
Creative Planning
87
Creative Planning
Kansas
$229K -$256K -23,317 -51%
Stifel Financial
88
Stifel Financial
Missouri
$218K +$12.4K +1,129 +6%
EGM
89
Engineers Gate Manager
New York
$217K +$236K +21,540 New
New York State Common Retirement Fund
90
New York State Common Retirement Fund
New York
$213K -$5.68K -518 -2%
MSRPS
91
Maryland State Retirement & Pension System
Maryland
$203K
TCM
92
Triumph Capital Management
Colorado
$198K +$34.4K +3,138 +19%
BFM
93
Boothbay Fund Management
New York
$196K +$214K +19,500 New
Allianz Asset Management
94
Allianz Asset Management
Germany
$192K -$5.77M -526,112 -96%
STA
95
Summit Trail Advisors
New York
$190K +$2.31K +211 +1%
TRSOTSOK
96
Teachers Retirement System of the State of Kentucky
Kentucky
$190K
AB
97
Amalgamated Bank
New York
$179K -$35K -3,188 -15%
CCAL
98
City Center Advisors LLC
Michigan
$173K +$184K +16,749 New
T. Rowe Price Associates
99
T. Rowe Price Associates
Maryland
$170K +$27.2K +2,481 +17%
I
100
InceptionR
California
$169K +$184K +16,796 New

KREF Hedge Fund Activity: Q1 2024 in Review

155 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2024, worth a combined $500M — down 24% from $658M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of KREF and 24 opened new positions — a net loss of 4 holders — while 63 trimmed existing stakes and 48 added.

The largest buyer was Balyasny Asset Management, adding an estimated $10.3M. The largest seller was Morgan Stanley, cutting an estimated $11.3M.

  • 155 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2024, down from 160 in Q4 2023.
  • Funds reported $500M of KKR Real Estate Finance Trust stock for Q1 2024, down 24% quarter-over-quarter.
  • 24 funds opened new KKR Real Estate Finance Trust positions in Q1 2024 and 28 closed out, a net change of -4 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2024 was Balyasny Asset Management, an estimated $10.3M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2024 was Morgan Stanley, an estimated $11.3M sold.

Based on aggregated 13F filings for Q1 2024.