KKR Real Estate Finance Trust
KREF
103 hedge funds and large institutions have $909M invested in KKR Real Estate Finance Trust in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 22 reducing their positions, and 10 closing their positions.
114% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 22
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
3.76% more ownership
Funds ownership: 75.67% → 79.43% (+3.8%)
3% more funds holding
Funds holding: 100 → 103 (+3)
1% more capital invested
Capital invested by funds: $898M → $909M (+$10.7M)
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
|
+$17.7M |
| 2 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$5.71M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$5.1M |
| 4 |
D.E. Shaw & Co
New York
|
+$3.9M |
| 5 |
BlackRock
New York
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
-$10.4M |
| 2 |
Renaissance Technologies
New York
|
-$5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.78M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.62M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
101
Parallel Advisors
San Francisco,
California
| $3K | – | – | – |
|
102
US Bancorp
Minneapolis,
Minnesota
| $3K | +$3.33K | +165 | New |
|
|
EM
103
Elliott Management
New York
| – | -$10.4M | -518,000 | Closed |
|
|
SCA
104
Secor Capital Advisors
New York
| – | -$1.89M | -94,222 | Closed |
|
|
JIM
105
Jupiter Investment Management
London,
United Kingdom
| – | -$1.36M | -67,124 | -100% |
|
|
WAM
106
Wolverine Asset Management
Chicago,
Illinois
| – | -$917K | -45,852 | Closed |
|
107
Squarepoint
New York
| – | -$830K | -41,448 | Closed |
|
108
SEI Investments
Oaks,
Pennsylvania
| – | -$315K | -15,719 | Closed |
|
|
PP
109
Paloma Partners
Greenwich,
Connecticut
| – | -$233K | -11,629 | Closed |
|
|
BCA
110
Berman Capital Advisors
Atlanta,
Georgia
| – | -$2K | -116 | Closed |
|
|
CAM
111
Cresset Asset Management
Chicago,
Illinois
| – | -$1K | -30 | Closed |
|
KREF Hedge Fund Activity: Q2 2019 in Review
103 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2019, worth a combined $909M — up 1.2% from $898M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new KREF positions and 10 closed out — a net gain of 5 holders — while 47 added to existing stakes and 22 trimmed.
The largest buyer was Capital Growth Management, adding an estimated $17.7M. The largest seller was Elliott Management, exiting entirely with an estimated $10.4M sold.
- 103 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2019, up from 100 in Q1 2019.
- Funds reported $909M of KKR Real Estate Finance Trust stock for Q2 2019, up 1.2% quarter-over-quarter.
- 15 funds opened new KKR Real Estate Finance Trust positions in Q2 2019 and 10 closed out, a net change of +5 holders.
- The largest KKR Real Estate Finance Trust buyer in Q2 2019 was Capital Growth Management, an estimated $17.7M added.
- The largest KKR Real Estate Finance Trust seller in Q2 2019 was Elliott Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q2 2019.