KKR Real Estate Finance Trust
KREF
118 hedge funds and large institutions have $850M invested in KKR Real Estate Finance Trust in 2020 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 43 increasing their positions, 41 reducing their positions, and 15 closing their positions.
6% more capital invested
Capital invested by funds: $800M → $850M (+$50M)
3.83% more ownership
Funds ownership: 81.39% → 85.22% (+3.8%)
5% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 41
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 126 → 118 (-8)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.44M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$3.03M |
| 3 |
Aviva
London,
United Kingdom
|
+$2.62M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$2.55M |
| 5 |
Morgan Stanley
New York
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$11M |
| 2 |
WG
Winton Group
London,
United Kingdom
|
-$5.07M |
| 3 |
Barclays
London,
United Kingdom
|
-$3.77M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$2.63M |
| 5 |
JIC
JRM Investment Counsel
Omaha,
Nebraska
|
-$1.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Citadel Advisors
Miami,
Florida
| – | -$329K | -19,932 | Closed |
|
|
GCP
127
GSA Capital Partners
London,
United Kingdom
| – | -$202K | -12,220 | Closed |
|
|
GC
128
Guggenheim Capital
Chicago,
Illinois
| – | -$165K | -10,008 | Closed |
|
|
DA
129
Denali Advisors
San Diego,
California
| – | -$53K | -3,200 | Closed |
|
130
Lazard Asset Management
New York
| – | -$24K | -1,506 | Closed |
|
|
PA
131
Parallel Advisors
San Francisco,
California
| – | -$5K | -321 | Closed |
|
|
GT
132
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$5K | -314 | Closed |
|
KREF Hedge Fund Activity: Q4 2020 in Review
118 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2020, worth a combined $850M — up 6.3% from $800M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of KREF and 8 opened new positions — a net loss of 7 holders — while 41 trimmed existing stakes and 43 added.
The largest buyer was BlackRock, adding an estimated $3.44M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $11M.
- 118 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2020, down from 126 in Q3 2020.
- Funds reported $850M of KKR Real Estate Finance Trust stock for Q4 2020, up 6.3% quarter-over-quarter.
- 8 funds opened new KKR Real Estate Finance Trust positions in Q4 2020 and 15 closed out, a net change of -7 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2020 was BlackRock, an estimated $3.44M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2020 was Kohlberg Kravis Roberts & Co, an estimated $11M sold.
Based on aggregated 13F filings for Q4 2020.