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KREF

KKR Real Estate Finance Trust

166 hedge funds and large institutions have $603M invested in KKR Real Estate Finance Trust in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 52 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 52

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.42% less ownership

Funds ownership: 76.87%76.45% (-0.42%)

1% less funds holding

Funds holding: 167166 (-1)

19% less capital invested

Capital invested by funds: $743M → $603M (-$140M)

43% less call options, than puts

Call options by funds: $433K | Put options by funds: $764K

Holders
166
Holders Change
-1
Holders Change %
-0.6%
% of All Funds
2.65%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
27
Increased
65
Reduced
52
Closed
25
Calls
$433K
Puts
$764K
Net Calls
-$331K
Net Calls Change
-$339K
Name Holding Trade Value Shares
Change
Change in
Stake
JMPWA
101
JP Morgan Private Wealth Advisors
California
$224K +$32.6K +2,326 +13%
CAM
102
Carret Asset Management
New York
$222K -$10.5K -750 -4%
Two Sigma Advisers
103
Two Sigma Advisers
New York
$221K -$2.87M -204,900 -91%
OPERF
104
Oregon Public Employees Retirement Fund
Oregon
$217K -$701 -50 -0.3%
STA
105
Summit Trail Advisors
New York
$212K
YIH
106
Y-Intercept (HK)
Hong Kong
$210K +$53.6K +3,824 +26%
New York State Teachers Retirement System (NYSTRS)
107
New York State Teachers Retirement System (NYSTRS)
New York
$205K -$28.6K -2,039 -10%
TRSOTSOK
108
Teachers Retirement System of the State of Kentucky
Kentucky
$203K
AAM
109
Advisors Asset Management
Colorado
$201K -$24.7K -1,762 -9%
DA
110
Denali Advisors
California
$192K
GCP
111
GSA Capital Partners
United Kingdom
$192K +$236K +16,843 New
Stifel Financial
112
Stifel Financial
Missouri
$179K -$53.7K -3,832 -20%
BFM
113
Boothbay Fund Management
New York
$176K +$217K +15,451 New
ASRS
114
Arizona State Retirement System
Arizona
$171K +$5.03K +359 +2%
SIC
115
Samalin Investment Counsel
New York
$163K +$17.2K +1,227 +9%
CCIA
116
Campbell & Co Investment Adviser
Maryland
$146K +$180K +12,809 New
AWS
117
Atria Wealth Solutions
New York
$137K +$6.38K +455 +4%
SO
118
STRS Ohio
Ohio
$137K
MOACM
119
Mutual of America Capital Management
New York
$136K -$1.02K -73 -0.6%
T. Rowe Price Associates
120
T. Rowe Price Associates
Maryland
$123K +$9.75K +695 +7%
TC
121
Telemus Capital
Michigan
$122K
Victory Capital Management
122
Victory Capital Management
Texas
$115K -$48.8K -3,480 -26%
SIM
123
Sandia Investment Management
Massachusetts
$114K -$35.1K -2,500 -20%
AGP
124
Autumn Glory Partners
Texas
$114K
HCM
125
Highlander Capital Management
New Jersey
$98K +$1.4K +100 +1%

KREF Hedge Fund Activity: Q1 2023 in Review

166 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2023, worth a combined $603M — down 19% from $743M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new KREF positions and 25 closed out — a net gain of 2 holders — while 65 added to existing stakes and 52 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $16.3M. The largest seller was Goldman Sachs, cutting an estimated $22.4M.

  • 166 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2023, down from 167 in Q4 2022.
  • Funds reported $603M of KKR Real Estate Finance Trust stock for Q1 2023, down 19% quarter-over-quarter.
  • 27 funds opened new KKR Real Estate Finance Trust positions in Q1 2023 and 25 closed out, a net change of +2 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2023 was Balyasny Asset Management, an estimated $16.3M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2023 was Goldman Sachs, an estimated $22.4M sold.

Based on aggregated 13F filings for Q1 2023.