KKR Real Estate Finance Trust
KREF
155 hedge funds and large institutions have $591M invested in KKR Real Estate Finance Trust in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 59 increasing their positions, 59 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
0% more funds holding
Funds holding: 155 → 155 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 59
4% less capital invested
Capital invested by funds: $615M → $591M (-$24.4M)
1.35% less ownership
Funds ownership: 73.01% → 71.66% (-1.4%)
53% less call options, than puts
Call options by funds: $539K | Put options by funds: $1.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
AXS Investments
Port Chester,
New York
|
+$2.44M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$1.35M |
| 3 |
Millennium Management
New York
|
+$1.33M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$1.08M |
| 5 |
GA
GFS Advisors
Houston,
Texas
|
+$872K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$9.35M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$2.63M |
| 3 |
BlackRock
New York
|
-$2.48M |
| 4 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$2.37M |
| 5 |
Goldman Sachs
New York
|
-$1.85M |
KREF Hedge Fund Activity: Q3 2023 in Review
155 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2023, worth a combined $591M — down 4% from $615M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new KREF positions and 10 closed out — a net gain of 1 holder — while 59 added to existing stakes and 59 trimmed.
The largest buyer was AXS Investments, adding an estimated $2.44M. The largest seller was Allianz Asset Management, cutting an estimated $9.35M.
- 155 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2023, unchanged from Q2 2023.
- Funds reported $591M of KKR Real Estate Finance Trust stock for Q3 2023, down 4% quarter-over-quarter.
- 11 funds opened new KKR Real Estate Finance Trust positions in Q3 2023 and 10 closed out, a net change of +1 holder.
- The largest KKR Real Estate Finance Trust buyer in Q3 2023 was AXS Investments, an estimated $2.44M added.
- The largest KKR Real Estate Finance Trust seller in Q3 2023 was Allianz Asset Management, an estimated $9.35M sold.
Based on aggregated 13F filings for Q3 2023.