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KREF

KKR Real Estate Finance Trust
KREF

146 hedge funds and large institutions have $967M invested in KKR Real Estate Finance Trust in 2021 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 61 increasing their positions, 30 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 30

47% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 19

7% more funds holding

Funds holding: 137 → 146 (+9)

0.11% more ownership

Funds ownership: 82.25% → 82.36% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less capital invested

Capital invested by funds: $989M → $967M (-$22.2M)

55% less call options, than puts

Call options by funds: $527K | Put options by funds: $1.18M

Holders
146
Holders Change
+9
Holders Change %
+6.57%
% of All Funds
2.56%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
28
Increased
61
Reduced
30
Closed
19
Calls
$527K
Puts
$1.18M
Net Calls
-$650K
Net Calls Change
-$198K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$22.6M
2
ECM
Element Capital Management
New York
+$4.93M
3
Northern Trust
Northern Trust
Illinois
+$4.7M
4
State Street
State Street
Massachusetts
+$3.56M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$3.02M

Top Sellers

Rank Fund Capital Flow
1
Temasek Holdings
Temasek Holdings
Singapore
-$52.8M
2
N
Nuveen
North Carolina
-$2.98M
3
JAM
Jupiter Asset Management
United Kingdom
-$2.7M
4
Renaissance Technologies
Renaissance Technologies
New York
-$2.39M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
PG
126
Proffitt & Goodson
Tennessee
$17K -$12.1K -570 -41%
MAM
127
Meeder Asset Management
Ohio
$17K -$8.29K -391 -32%
QCG
128
Quadrant Capital Group
Ohio
$17K +$3.67K +173 +27%
VCM
129
Versant Capital Management
Arizona
$15K – – –
GT
130
Glenmede Trust
Pennsylvania
$9K -$1.51K -71 -13%
HI
131
Harbour Investments
Wisconsin
$9K +$170 +8 +2%
AWA
132
Arkadios Wealth Advisors
Georgia
$9K +$9.54K +450 New
Macquarie Group
133
Macquarie Group
Australia
$6K – – –
Fifth Third Bancorp
134
Fifth Third Bancorp
Ohio
$4K -$1.82K -86 -33%
SWM
135
Spire Wealth Management
Virginia
$4K – – –
TWA
136
TCI Wealth Advisors
Arizona
$4K +$4.2K +198 New
MCM
137
Manchester Capital Management
Vermont
$3K +$2.54K +120 New
RTL
138
Red Tortoise LLC
Georgia
$2K +$2.27K +107 New
GKWIM
139
Gerber Kawasaki Wealth & Investment Management
California
$1K +$21 +1 New
LAS
140
Lloyd Advisory Services
Georgia
$1K +$21 +1 +2%
TPCW
141
TD Private Client Wealth
New York
$717 – – –
Nisa Investment Advisors
142
Nisa Investment Advisors
Missouri
$510 -$19K -895 -4%
Temasek Holdings
143
Temasek Holdings
Singapore
– -$52.8M -2,439,024 Closed
JAM
144
Jupiter Asset Management
United Kingdom
– -$2.7M -124,834 Closed
Renaissance Technologies
145
Renaissance Technologies
New York
– -$2.39M -110,300 Closed
Connor, Clark & Lunn Investment Management (CC&L)
146
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$1.85M -85,633 Closed
Lido Advisors
147
Lido Advisors
California
– -$1.54M -69,907 Closed
SFG
148
SageGuard Financial Group
Tennessee
– -$681K -31,465 Closed
Acadian Asset Management
149
Acadian Asset Management
Massachusetts
– -$669K -30,881 Closed
SSA
150
Schonfeld Strategic Advisors
New York
– -$541K -25,000 Closed
3 4 5
6
7

KREF Hedge Fund Activity: Q3 2021 in Review

146 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2021, worth a combined $967M — down 2.2% from $989M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new KREF positions and 19 closed out — a net gain of 9 holders — while 61 added to existing stakes and 30 trimmed.

The largest buyer was BlackRock, adding an estimated $22.6M. The largest seller was Temasek Holdings, exiting entirely with an estimated $52.8M sold.

  • 146 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2021, up from 137 in Q2 2021.
  • Funds reported $967M of KKR Real Estate Finance Trust stock for Q3 2021, down 2.2% quarter-over-quarter.
  • 28 funds opened new KKR Real Estate Finance Trust positions in Q3 2021 and 19 closed out, a net change of +9 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q3 2021 was BlackRock, an estimated $22.6M added.
  • The largest KKR Real Estate Finance Trust seller in Q3 2021 was Temasek Holdings, an estimated $52.8M sold.

Based on aggregated 13F filings for Q3 2021.