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KREF

KKR Real Estate Finance Trust

131 hedge funds and large institutions have $1,000M invested in KKR Real Estate Finance Trust in 2019 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 48 increasing their positions, 25 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

333% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 9

92% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 25

30% more funds holding

Funds holding: 101131 (+30)

14% more capital invested

Capital invested by funds: $879M → $1,000M (+$121M)

6.76% more ownership

Funds ownership: 78.38%85.14% (+6.8%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
131
Holders Change
+30
Holders Change %
+29.7%
% of All Funds
2.58%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
39
Increased
48
Reduced
25
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MLICM
101
Metropolitan Life Insurance Company (MetLife)
New York
$153K
SIC
102
Samalin Investment Counsel
New York
$152K +$149K +7,471 New
TRSOTSOK
103
Teachers Retirement System of the State of Kentucky
Kentucky
$149K +$146K +7,300 New
MERSOM
104
Municipal Employees' Retirement System of Michigan
Michigan
$149K +$146K +7,310 New
PCM
105
Prelude Capital Management
New York
$141K
SO
106
STRS Ohio
Ohio
$136K
CCA
107
Catalyst Capital Advisors
New York
$119K +$7.69K +385 +7%
Bank of Montreal
108
Bank of Montreal
Ontario, Canada
$75K +$18.5K +926 +34%
DA
109
Denali Advisors
California
$65K +$63.9K +3,200 New
LTFS
110
Ladenburg Thalmann Financial Services
Florida
$51K +$50.7K +2,537 New
AIP
111
Ameritas Investment Partners
Nebraska
$44K
MAM
112
Meeder Asset Management
Ohio
$41K -$213K -10,680 -84%
Zurich Cantonal Bank
113
Zurich Cantonal Bank
Switzerland
$38K
US Bancorp
114
US Bancorp
Minnesota
$37K +$29.1K +1,456 +392%
AS
115
Altshuler Shaham
Israel
$27K +$7.27K +364 +39%
AI
116
ArchPoint Investors
Florida
$25K
AssetMark Inc
117
AssetMark Inc
California
$24K +$40 +2 +0.2%
Fidelity Investments
118
Fidelity Investments
Massachusetts
$19K
MOACM
119
Mutual of America Capital Management
New York
$18K +$17.2K +860 New
LIA
120
LS Investment Advisors
Michigan
$14K +$13.7K +685 New
SBL
121
Sargent Bickham Lagudis
Colorado
$12K +$12K +600 New
AG
122
Advisor Group
Arizona
$10K
BCI
123
Brinker Capital Investments
Pennsylvania
$10K +$9.49K +475 New
BCA
124
Berman Capital Advisors
Georgia
$4K +$80 +4 +2%
PNC Financial Services Group
125
PNC Financial Services Group
Pennsylvania
$4K +$4.29K +215 New

KREF Hedge Fund Activity: Q4 2019 in Review

131 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2019, worth a combined $1,000M — up 14% from $879M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new KREF positions and 9 closed out — a net gain of 30 holders — while 48 added to existing stakes and 25 trimmed.

The largest buyer was BlackRock, adding an estimated $45.2M. The largest seller was Capital Growth Management, exiting entirely with an estimated $26.5M sold.

  • 131 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2019, up from 101 in Q3 2019.
  • Funds reported $1,000M of KKR Real Estate Finance Trust stock for Q4 2019, up 14% quarter-over-quarter.
  • 39 funds opened new KKR Real Estate Finance Trust positions in Q4 2019 and 9 closed out, a net change of +30 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q4 2019 was BlackRock, an estimated $45.2M added.
  • The largest KKR Real Estate Finance Trust seller in Q4 2019 was Capital Growth Management, an estimated $26.5M sold.

Based on aggregated 13F filings for Q4 2019.