KREF

KKR Real Estate Finance Trust

163 hedge funds and large institutions have $422M invested in KKR Real Estate Finance Trust in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 49 increasing their positions, 72 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

more funds holding in top 10

Funds holding in top 10:

more call options, than puts

Call options by funds: $ | Put options by funds: $

more ownership

Funds ownership:

less capital invested

Capital invested by funds: $ → $

5% less funds holding

Funds holding: 172163 (-9)

32% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 72

32% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 28

Holders
163
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$263K
Puts
$169K
Net Calls
Net Calls Change

Top Buyers

1 +$18.2M
2 +$7.76M
3 +$5.78M
4
NC
Nokomis Capital
Texas
+$5.33M
5
CRAM
Compass Rose Asset Management
New York
+$2.84M

Top Sellers

1 -$6.42M
2 -$3.91M
3 -$3.37M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$1.77M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$1.74M
Name Holding Trade Value Shares
Change
Change in
Stake
ASRS
101
Arizona State Retirement System
Arizona
$127K
Franklin Resources
102
Franklin Resources
California
$121K
YCM
103
Yousif Capital Management
Michigan
$118K
TRSOTSOK
104
Teachers Retirement System of the State of Kentucky
Kentucky
$114K
Squarepoint
105
Squarepoint
New York
$111K
COPPSERS
106
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$111K
New York State Common Retirement Fund
107
New York State Common Retirement Fund
New York
$107K
Russell Investments Group
108
Russell Investments Group
United Kingdom
$106K
Verition Fund Management
109
Verition Fund Management
Connecticut
$104K
OPERF
110
Oregon Public Employees Retirement Fund
Oregon
$102K
KK
111
KLP Kapitalforvaltning
Norway
$100K
Victory Capital Management
112
Victory Capital Management
Texas
$93K
ProShare Advisors
113
ProShare Advisors
Maryland
$88.1K
SO
114
STRS Ohio
Ohio
$79.7K
Carson Wealth (CWM LLC)
115
Carson Wealth (CWM LLC)
Nebraska
$78K
KAS
116
Kestra Advisory Services
Texas
$71.8K
Nisa Investment Advisors
117
Nisa Investment Advisors
Missouri
$66.9K
PA
118
Parallel Advisors
California
$59.3K
KFA
119
Kelleher Financial Advisors
New York
$55.4K
VCM
120
Versant Capital Management
Arizona
$52.1K
AIP
121
Ameritas Investment Partners
Nebraska
$39.2K
GWM
122
Geneos Wealth Management
Colorado
$36.6K
AF
123
Allworth Financial
California
$34.8K
TRCT
124
Tower Research Capital (TRC)
New York
$30.7K
PNC Financial Services Group
125
PNC Financial Services Group
Pennsylvania
$29.1K