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KREF

KKR Real Estate Finance Trust

130 hedge funds and large institutions have $732M invested in KKR Real Estate Finance Trust in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 46 increasing their positions, 30 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

53% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 30

3% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 31

0.35% less ownership

Funds ownership: 85.14%84.79% (-0.35%)

1% less funds holding

Funds holding: 131130 (-1)

27% less capital invested

Capital invested by funds: $1,000M → $732M (-$268M)

Holders
130
Holders Change
-1
Holders Change %
-0.76%
% of All Funds
2.86%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
32
Increased
46
Reduced
30
Closed
31
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
$112K
MERSOM
102
Municipal Employees' Retirement System of Michigan
Michigan
$110K
TRSOTSOK
103
Teachers Retirement System of the State of Kentucky
Kentucky
$110K
SO
104
STRS Ohio
Ohio
$100K
UBS Group
105
UBS Group
Switzerland
$78K -$14.5M -766,022 -99%
Zurich Cantonal Bank
106
Zurich Cantonal Bank
Switzerland
$51K +$29.2K +1,545 +83%
DA
107
Denali Advisors
California
$48K
PNC Financial Services Group
108
PNC Financial Services Group
Pennsylvania
$48K +$56.8K +3,002 +1,396%
Osaic Holdings
109
Osaic Holdings
Arizona
$43K +$55.6K +2,940 New
PHK
110
Point72 Hong Kong
Hong Kong
$41K +$51.2K +2,707 New
AIP
111
Ameritas Investment Partners
Nebraska
$33K
AS
112
Altshuler Shaham
Israel
$31K +$13.6K +718 +56%
VCM
113
Versant Capital Management
Arizona
$17K +$22.4K +1,185 New
MOACM
114
Mutual of America Capital Management
New York
$15K +$3.03K +160 +19%
Fidelity Investments
115
Fidelity Investments
Massachusetts
$14K
QCG
116
Quadrant Capital Group
Ohio
$11K +$13.7K +724 New
LIA
117
LS Investment Advisors
Michigan
$10K
LC
118
Lindbrook Capital
California
$10K +$12.8K +679 New
Bank of Montreal
119
Bank of Montreal
Ontario, Canada
$9K -$57.2K -3,024 -83%
US Bancorp
120
US Bancorp
Minnesota
$8K -$25K -1,323 -72%
NIT
121
NumerixS Investment Technologies
British Columbia, Canada
$8K +$9.46K +500 New
BCA
122
Berman Capital Advisors
Georgia
$6K +$4.03K +213 +104%
SWA
123
Sutton Wealth Advisors
Florida
$3.8K +$4.79K +253 New
GT
124
Glenmede Trust
Pennsylvania
$2K
PA
125
Parallel Advisors
California
$2K

KREF Hedge Fund Activity: Q1 2020 in Review

130 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2020, worth a combined $732M — down 27% from $1,000M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new KREF positions and 31 closed out — a net gain of 1 holder — while 46 added to existing stakes and 30 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $13.5M. The largest seller was UBS Group, cutting an estimated $14.5M.

  • 130 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2020, down from 131 in Q4 2019.
  • Funds reported $732M of KKR Real Estate Finance Trust stock for Q1 2020, down 27% quarter-over-quarter.
  • 32 funds opened new KKR Real Estate Finance Trust positions in Q1 2020 and 31 closed out, a net change of +1 holder.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2020 was Goldman Sachs, an estimated $13.5M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2020 was UBS Group, an estimated $14.5M sold.

Based on aggregated 13F filings for Q1 2020.