We are live on ! Find out more
KREF

KKR Real Estate Finance Trust
KREF

131 hedge funds and large institutions have $1,000M invested in KKR Real Estate Finance Trust in 2019 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 48 increasing their positions, 25 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

333% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 9

92% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 25

30% more funds holding

Funds holding: 101 → 131 (+30)

14% more capital invested

Capital invested by funds: $879M → $1,000M (+$121M)

6.76% more ownership

Funds ownership: 78.38% → 85.14% (+6.8%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
131
Holders Change
+30
Holders Change %
+29.7%
% of All Funds
2.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
39
Increased
48
Reduced
25
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$45.2M
2
Invesco
Invesco
Georgia
+$33.4M
3
State Street
State Street
Massachusetts
+$5.67M
4
Millennium Management
Millennium Management
New York
+$5.06M
5
Morgan Stanley
Morgan Stanley
New York
+$4.06M

Top Sellers

Rank Fund Capital Flow
1
CGM
Capital Growth Management
Massachusetts
-$26.5M
2
N
Nuveen
North Carolina
-$10.5M
3
HS
Hazelview Securities
Ontario, Canada
-$6.65M
4
RA
Resource America
New York
-$4.88M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$3.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
126
Parallel Advisors
California
$3K – – –
TFS
127
TrustCore Financial Services
Tennessee
$2K – – –
TWA
128
TCI Wealth Advisors
Arizona
$2K +$2.14K +107 New
GT
129
Glenmede Trust
Pennsylvania
$2K +$2.22K +111 New
PFGIA
130
Patriot Financial Group Insurance Agency
Massachusetts
$1K +$539 +27 New
Royal Bank of Canada
131
Royal Bank of Canada
Ontario, Canada
$1K +$1.1K +55 New
CGM
132
Capital Growth Management
Massachusetts
– -$26.5M -1,359,000 Closed
HS
133
Hazelview Securities
Ontario, Canada
– -$6.65M -340,280 Closed
RA
134
Resource America
New York
– -$4.88M -250,000 Closed
Blackstone Inc
135
Blackstone Inc
New York
– -$1.88M -96,142 Closed
Susquehanna International Group
136
Susquehanna International Group
Pennsylvania
– -$681K -34,881 Closed
GCP
137
GSA Capital Partners
United Kingdom
– -$427K -21,840 Closed
HF
138
HRT Financial
New York
– -$239K -12,248 Closed
QT
139
Quantamental Technologies
New York
– -$56K -2,863 Closed
TRCT
140
Tower Research Capital (TRC)
New York
– -$4K -205 Closed
2 3 4 5
6

KREF Hedge Fund Activity: Q4 2019 in Review

131 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2019, worth a combined $1,000M — up 14% from $879M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new KREF positions and 9 closed out — a net gain of 30 holders — while 48 added to existing stakes and 25 trimmed.

The largest buyer was BlackRock, adding an estimated $45.2M. The largest seller was Capital Growth Management, exiting entirely with an estimated $26.5M sold.

  • 131 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2019, up from 101 in Q3 2019.
  • Funds reported $1,000M of KKR Real Estate Finance Trust stock for Q4 2019, up 14% quarter-over-quarter.
  • 39 funds opened new KKR Real Estate Finance Trust positions in Q4 2019 and 9 closed out, a net change of +30 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q4 2019 was BlackRock, an estimated $45.2M added.
  • The largest KKR Real Estate Finance Trust seller in Q4 2019 was Capital Growth Management, an estimated $26.5M sold.

Based on aggregated 13F filings for Q4 2019.