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KREF

KKR Real Estate Finance Trust

164 hedge funds and large institutions have $422M invested in KKR Real Estate Finance Trust in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 49 increasing their positions, 73 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

56% more call options, than puts

Call options by funds: $263K | Put options by funds: $169K

3.36% more ownership

Funds ownership: 74.81%78.17% (+3.4%)

5% less capital invested

Capital invested by funds: $443M → $422M (-$20.7M)

5% less funds holding

Funds holding: 173164 (-9)

32% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 28

33% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 73

Holders
164
Holders Change
-9
Holders Change %
-5.2%
% of All Funds
1.99%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
19
Increased
49
Reduced
73
Closed
28
Calls
$263K
Puts
$169K
Net Calls
+$94K
Net Calls Change
-$219K
Name Holding Trade Value Shares
Change
Change in
Stake
IMRF
76
Illinois Municipal Retirement Fund
Illinois
$234K -$8.38K -990 -3%
SIA
77
Soltis Investment Advisors
Utah
$233K -$170K -20,091 -41%
MIM
78
MetLife Investment Management
New Jersey
$227K -$36.3K -4,288 -13%
SOADOR
79
State of Alaska Department of Revenue
Alaska
$224K -$1.02K -120 -0.4%
WCA
80
Whetstone Capital Advisors
Kansas
$219K +$20.3K +2,400 +10%
LSERS
81
Louisiana State Employees Retirement System
Louisiana
$205K -$1.69K -200 -0.8%
GCM
82
Graham Capital Management
Connecticut
$203K -$246K -29,070 -54%
1832 Asset Management
83
1832 Asset Management
Ontario, Canada
$195K -$16.9K -1,994 -8%
New York State Teachers Retirement System (NYSTRS)
84
New York State Teachers Retirement System (NYSTRS)
New York
$192K
BHCM
85
Brevan Howard Capital Management
Jersey
$191K +$197K +23,292 New
Zurich Cantonal Bank
86
Zurich Cantonal Bank
Switzerland
$182K
Cerity Partners
87
Cerity Partners
New York
$173K -$54.9K -6,480 -24%
Millennium Management
88
Millennium Management
New York
$172K -$1.25M -148,035 -88%
SG Americas Securities
89
SG Americas Securities
New York
$170K +$40K +4,724 +30%
AHL
90
Abel Hall LLC
Louisiana
$166K -$22.4K -2,649 -12%
GC
91
Guggenheim Capital
Illinois
$163K +$167K +19,779 New
QC
92
Quadrature Capital
United Kingdom
$161K +$8.56K +1,011 +5%
State of Wisconsin Investment Board
93
State of Wisconsin Investment Board
Wisconsin
$159K +$164K +19,399 New
Citigroup
94
Citigroup
New York
$149K -$14.1K -1,660 -8%
Comerica Bank
95
Comerica Bank
Texas
$146K -$27.1K -3,206 -15%
PFSRSONJ
96
Police & Firemen's Retirement System of New Jersey
New Jersey
$143K +$1.74K +205 +1%
FRM
97
Fox Run Management
Connecticut
$142K +$36.8K +4,345 +34%
State of Tennessee, Department of Treasury
98
State of Tennessee, Department of Treasury
Tennessee
$139K -$63K -7,444 -31%
State Board of Administration of Florida Retirement System
99
State Board of Administration of Florida Retirement System
Florida
$138K
AB
100
Amalgamated Bank
New York
$128K -$10.4K -1,234 -7%