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KREF

KKR Real Estate Finance Trust
KREF

126 hedge funds and large institutions have $800M invested in KKR Real Estate Finance Trust in 2020 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 48 increasing their positions, 35 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

37% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 35

0% less capital invested

Capital invested by funds: $801M → $800M (-$1.31M)

2% less funds holding

Funds holding: 129 → 126 (-3)

5.63% less ownership

Funds ownership: 87.01% → 81.39% (-5.6%)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

Holders
126
Holders Change
-3
Holders Change %
-2.33%
% of All Funds
2.54%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
14
Increased
48
Reduced
35
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JIC
JRM Investment Counsel
Nebraska
+$5.04M
2
TD Asset Management
TD Asset Management
Ontario, Canada
+$4.16M
3
BlackRock
BlackRock
New York
+$3.78M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$1.82M
5
AG
AlphaSimPlex Group
Massachusetts
+$1.19M

Top Sellers

Rank Fund Capital Flow
1
WG
Winton Group
United Kingdom
-$5.47M
2
Millennium Management
Millennium Management
New York
-$2.91M
3
KKRC
Kohlberg Kravis Roberts & Co
New York
-$2.58M
4
N
Nuveen
North Carolina
-$2.11M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
126
Millennium Management
New York
– -$2.91M -175,457 Closed
CCM
127
Callodine Capital Management
Massachusetts
– -$1.24M -75,000 Closed
PGFC
128
Peapack-Gladstone Financial Corp
New Jersey
– -$665K -40,136 Closed
ECM
129
ExodusPoint Capital Management
New York
– -$516K -31,119 Closed
Acadian Asset Management
130
Acadian Asset Management
Massachusetts
– -$494K -29,840 Closed
LCM
131
Laurion Capital Management
New York
– -$336K -20,237 Closed
6M
132
6 Meridian
Kansas
– -$301K -18,167 Closed
NL
133
NWAM LLC
Washington
– -$297K -17,938 Closed
DTL
134
Dynamic Technology Lab
Singapore
– -$297K -17,909 Closed
Allianz Asset Management
135
Allianz Asset Management
Germany
– -$297K -17,900 Closed
Squarepoint
136
Squarepoint
New York
– -$294K -17,735 Closed
Stifel Financial
137
Stifel Financial
Missouri
– -$289K -17,452 Closed
SG Americas Securities
138
SG Americas Securities
New York
– -$259K -15,650 Closed
PAG
139
Private Advisor Group
New Jersey
– -$33K -2,000 Closed
LIA
140
LS Investment Advisors
Michigan
– -$11K -685 Closed
OIA
141
Optimum Investment Advisors
Illinois
– -$5K -300 Closed
PFWA
142
Paces Ferry Wealth Advisors
Georgia
– +$206 +12 New
2 3 4 5
6

KREF Hedge Fund Activity: Q3 2020 in Review

126 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2020, worth a combined $800M — down 0.16% from $801M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of KREF and 14 opened new positions — a net loss of 2 holders — while 35 trimmed existing stakes and 48 added.

The largest buyer was JRM Investment Counsel, adding an estimated $5.04M. The largest seller was Winton Group, cutting an estimated $5.47M.

  • 126 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2020, down from 129 in Q2 2020.
  • Funds reported $800M of KKR Real Estate Finance Trust stock for Q3 2020, down 0.16% quarter-over-quarter.
  • 14 funds opened new KKR Real Estate Finance Trust positions in Q3 2020 and 16 closed out, a net change of -2 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q3 2020 was JRM Investment Counsel, an estimated $5.04M added.
  • The largest KKR Real Estate Finance Trust seller in Q3 2020 was Winton Group, an estimated $5.47M sold.

Based on aggregated 13F filings for Q3 2020.