KREF

KKR Real Estate Finance Trust

170 hedge funds and large institutions have $429M invested in KKR Real Estate Finance Trust in 2025 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 59 increasing their positions, 62 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

more funds holding in top 10

Funds holding in top 10:

less ownership

Funds ownership:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

less funds holding

Funds holding:

21% less capital invested

Capital invested by funds: $542M → $429M (-$113M)

29% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 28

90% less call options, than puts

Call options by funds: $198K | Put options by funds: $1.9M

Holders
170
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$198K
Puts
$1.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Deutsche Bank
76
Deutsche Bank
Germany
$347K
Ensign Peak Advisors
77
Ensign Peak Advisors
Utah
$339K
MIM
78
MetLife Investment Management
New Jersey
$324K
Teacher Retirement System of Texas
79
Teacher Retirement System of Texas
Texas
$308K
SOADOR
80
State of Alaska Department of Revenue
Alaska
$296K
1W
81
1776 Wealth
Georgia
$276K
XF
82
XML Financial
Maryland
$271K
IMRF
83
Illinois Municipal Retirement Fund
Illinois
$256K
Janus Henderson Group
84
Janus Henderson Group
United Kingdom
$250K
FRM
85
Fox Run Management
Connecticut
$247K
P
86
&Partners
Tennessee
$247K
TPSF
87
Texas Permanent School Fund
Texas
$244K
BHCM
88
Brevan Howard Capital Management
Jersey
$240K
QT
89
Quantbot Technologies
New York
$234K
LSERS
90
Louisiana State Employees Retirement System
Louisiana
$233K
Comerica Bank
91
Comerica Bank
Texas
$224K
Qube Research & Technologies (QRT)
92
Qube Research & Technologies (QRT)
United Kingdom
$219K
New York State Teachers Retirement System (NYSTRS)
93
New York State Teachers Retirement System (NYSTRS)
New York
$205K
AHL
94
Abel Hall LLC
Louisiana
$202K
Cerity Partners
95
Cerity Partners
New York
$202K
State of Tennessee, Department of Treasury
96
State of Tennessee, Department of Treasury
Tennessee
$200K
Zurich Cantonal Bank
97
Zurich Cantonal Bank
Switzerland
$194K
YCM
98
Yousif Capital Management
Michigan
$189K
WCA
99
Whetstone Capital Advisors
Kansas
$179K
A
100
AlphaQuest
New York
$179K