KKR Real Estate Finance Trust
KREF
129 hedge funds and large institutions have $801M invested in KKR Real Estate Finance Trust in 2020 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 52 increasing their positions, 39 reducing their positions, and 24 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 39
9% more capital invested
Capital invested by funds: $732M → $801M (+$69.2M)
2.23% more ownership
Funds ownership: 84.79% → 87.01% (+2.2%)
1% less funds holding
Funds holding: 130 → 129 (-1)
4% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 24
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$24.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.32M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$7.67M |
| 4 |
WG
Winton Group
London,
United Kingdom
|
+$4.43M |
| 5 |
JP Morgan Chase
New York
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$28.2M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$10.7M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
-$8.31M |
| 4 |
SCP
Steamboat Capital Partners
Rye,
New York
|
-$5.08M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$2.21M |
KREF Hedge Fund Activity: Q2 2020 in Review
129 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2020, worth a combined $801M — up 9.5% from $732M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of KREF and 23 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 52 added.
The largest buyer was Goldman Sachs, adding an estimated $24.4M. The largest seller was Invesco, cutting an estimated $28.2M.
- 129 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2020, down from 130 in Q1 2020.
- Funds reported $801M of KKR Real Estate Finance Trust stock for Q2 2020, up 9.5% quarter-over-quarter.
- 23 funds opened new KKR Real Estate Finance Trust positions in Q2 2020 and 24 closed out, a net change of -1 holder.
- The largest KKR Real Estate Finance Trust buyer in Q2 2020 was Goldman Sachs, an estimated $24.4M added.
- The largest KKR Real Estate Finance Trust seller in Q2 2020 was Invesco, an estimated $28.2M sold.
Based on aggregated 13F filings for Q2 2020.