KKR Real Estate Finance Trust
KREF
155 hedge funds and large institutions have $615M invested in KKR Real Estate Finance Trust in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 66 increasing their positions, 48 reducing their positions, and 27 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 48
2% more capital invested
Capital invested by funds: $603M → $615M (+$12.4M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.44% less ownership
Funds ownership: 76.45% → 73.01% (-3.4%)
7% less funds holding
Funds holding: 166 → 155 (-11)
20% less call options, than puts
Call options by funds: $431K | Put options by funds: $537K
41% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HV
HST Ventures
Park City,
Utah
|
+$2.57M |
| 2 |
Morgan Stanley
New York
|
+$1.77M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$1.46M |
| 4 |
Goldman Sachs
New York
|
+$1.16M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$10M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$6.75M |
| 3 |
JIC
JRM Investment Counsel
Omaha,
Nebraska
|
-$3.89M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$2.18M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$2.1M |
KREF Hedge Fund Activity: Q2 2023 in Review
155 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2023, worth a combined $615M — up 2.1% from $603M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of KREF and 16 opened new positions — a net loss of 11 holders — while 48 trimmed existing stakes and 66 added.
The largest buyer was HST Ventures, adding an estimated $2.57M. The largest seller was Millennium Management, cutting an estimated $10M.
- 155 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2023, down from 166 in Q1 2023.
- Funds reported $615M of KKR Real Estate Finance Trust stock for Q2 2023, up 2.1% quarter-over-quarter.
- 16 funds opened new KKR Real Estate Finance Trust positions in Q2 2023 and 27 closed out, a net change of -11 holders.
- The largest KKR Real Estate Finance Trust buyer in Q2 2023 was HST Ventures, an estimated $2.57M added.
- The largest KKR Real Estate Finance Trust seller in Q2 2023 was Millennium Management, an estimated $10M sold.
Based on aggregated 13F filings for Q2 2023.