KKR Real Estate Finance Trust
KREF
100 hedge funds and large institutions have $898M invested in KKR Real Estate Finance Trust in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 31 increasing their positions, 26 reducing their positions, and 14 closing their positions.
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
19% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 26
9% more capital invested
Capital invested by funds: $827M → $898M (+$70.9M)
3% more funds holding
Funds holding: 97 → 100 (+3)
1.73% more ownership
Funds ownership: 73.94% → 75.67% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$17.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$13.9M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$5.85M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.03M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$9.71M |
| 2 |
Millennium Management
New York
|
-$3.22M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$3.08M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.83M |
| 5 |
SCA
Secor Capital Advisors
New York
|
-$2.64M |
KREF Hedge Fund Activity: Q1 2019 in Review
100 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2019, worth a combined $898M — up 8.6% from $827M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new KREF positions and 14 closed out — a net gain of 3 holders — while 31 added to existing stakes and 26 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $17.4M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $9.71M sold.
- 100 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2019, up from 97 in Q4 2018.
- Funds reported $898M of KKR Real Estate Finance Trust stock for Q1 2019, up 8.6% quarter-over-quarter.
- 17 funds opened new KKR Real Estate Finance Trust positions in Q1 2019 and 14 closed out, a net change of +3 holders.
- The largest KKR Real Estate Finance Trust buyer in Q1 2019 was Capital Growth Management, an estimated $17.4M added.
- The largest KKR Real Estate Finance Trust seller in Q1 2019 was Alyeska Investment Group, an estimated $9.71M sold.
Based on aggregated 13F filings for Q1 2019.