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KREF

KKR Real Estate Finance Trust
KREF

128 hedge funds and large institutions have $891M invested in KKR Real Estate Finance Trust in 2021 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 46 increasing their positions, 43 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 13

8% more funds holding

Funds holding: 118 → 128 (+10)

1.89% more ownership

Funds ownership: 85.22% → 87.11% (+1.9%)

7% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 43

5% more capital invested

Capital invested by funds: $850M → $891M (+$41.1M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
128
Holders Change
+10
Holders Change %
+8.47%
% of All Funds
2.25%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
24
Increased
46
Reduced
43
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$19.8M
2
BlackRock
BlackRock
New York
+$7.01M
3
JP Morgan Chase
JP Morgan Chase
New York
+$5.77M
4
N
Nuveen
North Carolina
+$5.3M
5
Renaissance Technologies
Renaissance Technologies
New York
+$4.83M

Top Sellers

Rank Fund Capital Flow
1
KKRC
Kohlberg Kravis Roberts & Co
New York
-$22.6M
2
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$16.3M
3
Barclays
Barclays
United Kingdom
-$2.93M
4
Aviva
Aviva
United Kingdom
-$1.62M
5
First Trust Advisors
First Trust Advisors
Illinois
-$1.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
101
Citigroup
New York
$68K -$75.1K -4,094 -53%
MOACM
102
Mutual of America Capital Management
New York
$67K +$4.44K +242 +7%
PAM
103
Panagora Asset Management
Massachusetts
$66K – – –
QT
104
Quantbot Technologies
New York
$57K +$56.9K +3,100 New
PNC Financial Services Group
105
PNC Financial Services Group
Pennsylvania
$56K +$275 +15 +0.5%
AIP
106
Ameritas Investment Partners
Nebraska
$40K – – –
SPIA
107
Steward Partners Investment Advisory
New York
$37K +$35K +1,911 +1,911%
CCA
108
Catalyst Capital Advisors
New York
$33K +$11.7K +640 +55%
PG
109
Proffitt & Goodson
Tennessee
$31K -$33.3K -1,815 -52%
US Bancorp
110
US Bancorp
Minnesota
$28K +$8.14K +444 +41%
Lazard Asset Management
111
Lazard Asset Management
New York
$26K +$26.6K +1,451 New
VCM
112
Versant Capital Management
Arizona
$25K – – –
Osaic Holdings
113
Osaic Holdings
Arizona
$25K +$1.83K +100 +8%
S
114
SignatureFD
Georgia
$25K +$4.31K +235 +21%
SWA
115
Sutton Wealth Advisors
Florida
$22K – – –
Royal Bank of Canada
116
Royal Bank of Canada
Ontario, Canada
$19K -$168K -9,183 -90%
LC
117
Lindbrook Capital
California
$16K +$3.69K +201 +30%
QCG
118
Quadrant Capital Group
Ohio
$12K +$4.51K +246 +63%
MAM
119
Meeder Asset Management
Ohio
$9K +$5.28K +288 +159%
PHK
120
Point72 Hong Kong
Hong Kong
$7K +$7.24K +395 New
EVM
121
Eaton Vance Management
Massachusetts
$6K +$6.44K +351 New
Macquarie Group
122
Macquarie Group
Australia
$5K -$2.53K -138 -32%
Fifth Third Bancorp
123
Fifth Third Bancorp
Ohio
$5K – – –
Fidelity Investments
124
Fidelity Investments
Massachusetts
$3K -$14.5K -792 -85%
TPCW
125
TD Private Client Wealth
New York
$625 – – –
2 3 4
5
6

KREF Hedge Fund Activity: Q1 2021 in Review

128 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2021, worth a combined $891M — up 4.8% from $850M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new KREF positions and 13 closed out — a net gain of 11 holders — while 46 added to existing stakes and 43 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $19.8M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $22.6M.

  • 128 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2021, up from 118 in Q4 2020.
  • Funds reported $891M of KKR Real Estate Finance Trust stock for Q1 2021, up 4.8% quarter-over-quarter.
  • 24 funds opened new KKR Real Estate Finance Trust positions in Q1 2021 and 13 closed out, a net change of +11 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2021 was Allianz Asset Management, an estimated $19.8M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $22.6M sold.

Based on aggregated 13F filings for Q1 2021.