KREF

KKR Real Estate Finance Trust

170 hedge funds and large institutions have $429M invested in KKR Real Estate Finance Trust in 2025 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 59 increasing their positions, 62 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

more funds holding in top 10

Funds holding in top 10:

less ownership

Funds ownership:

less repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

less funds holding

Funds holding:

21% less capital invested

Capital invested by funds: $542M → $429M (-$113M)

29% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 28

90% less call options, than puts

Call options by funds: $198K | Put options by funds: $1.9M

Holders
170
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$198K
Puts
$1.9M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
JG
101
Jain Global
New York
$169K
TRSOTSOK
102
Teachers Retirement System of the State of Kentucky
Kentucky
$165K
QCM
103
Quantinno Capital Management
New York
$159K
ASRS
104
Arizona State Retirement System
Arizona
$149K
MSRPS
105
Maryland State Retirement & Pension System
Maryland
$148K
State Board of Administration of Florida Retirement System
106
State Board of Administration of Florida Retirement System
Florida
$148K
Verition Fund Management
107
Verition Fund Management
Connecticut
$145K
AB
108
Amalgamated Bank
New York
$143K
WI
109
Westbourne Investments
Virginia
$132K
COPPSERS
110
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$128K
DTL
111
Dynamic Technology Lab
Singapore
$125K
PFSRSONJ
112
Police & Firemen's Retirement System of New Jersey
New Jersey
$118K
OPERF
113
Oregon Public Employees Retirement Fund
Oregon
$114K
New York State Common Retirement Fund
114
New York State Common Retirement Fund
New York
$114K
CAU
115
Caxton Associates (UK)
$113K
ProShare Advisors
116
ProShare Advisors
Maryland
$112K
Creative Planning
117
Creative Planning
Kansas
$108K
Group One Trading
118
Group One Trading
Illinois
$106K
Carson Wealth (CWM LLC)
119
Carson Wealth (CWM LLC)
Nebraska
$100K
SO
120
STRS Ohio
Ohio
$100K
Victory Capital Management
121
Victory Capital Management
Texas
$99.1K
Nisa Investment Advisors
122
Nisa Investment Advisors
Missouri
$98.7K
Mariner
123
Mariner
Kansas
$98K
AWS
124
Atria Wealth Solutions
New York
$94.3K
SOW
125
State of Wyoming
Wyoming
$92.3K