KKR Real Estate Finance Trust
KREF
130 hedge funds and large institutions have $732M invested in KKR Real Estate Finance Trust in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 46 increasing their positions, 30 reducing their positions, and 31 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
53% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 30
3% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 31
0.35% less ownership
Funds ownership: 85.14% → 84.79% (-0.35%)
1% less funds holding
Funds holding: 131 → 130 (-1)
27% less capital invested
Capital invested by funds: $1,000M → $732M (-$268M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$13.5M |
| 2 |
SCP
Steamboat Capital Partners
Rye,
New York
|
+$7.86M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$5.94M |
| 4 |
JP Morgan Chase
New York
|
+$3.43M |
| 5 |
JIC
JRM Investment Counsel
Omaha,
Nebraska
|
+$3.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$14.5M |
| 2 |
Millennium Management
New York
|
-$12.1M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$3.82M |
| 4 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$3.72M |
| 5 |
Morgan Stanley
New York
|
-$3.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
151
Catalyst Capital Advisors
Huntington,
New York
| – | -$119K | -5,815 | Closed |
|
|
MAM
152
Meeder Asset Management
Dublin,
Ohio
| – | -$41K | -2,006 | Closed |
|
|
AI
153
ArchPoint Investors
Coral Gables,
Florida
| – | -$25K | -1,240 | Closed |
|
154
AssetMark Inc
Concord,
California
| – | -$24K | -1,164 | Closed |
|
|
SBL
155
Sargent Bickham Lagudis
Boulder,
Colorado
| – | -$12K | -600 | Closed |
|
|
BCI
156
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$10K | -475 | Closed |
|
|
TWA
157
TCI Wealth Advisors
Tucson,
Arizona
| – | -$2K | -107 | Closed |
|
|
TFS
158
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$2K | -104 | Closed |
|
|
PFBT
159
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | +$378 | +20 | New |
|
|
HGWM
160
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | +$832 | +44 | New |
|
KREF Hedge Fund Activity: Q1 2020 in Review
130 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2020, worth a combined $732M — down 27% from $1,000M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new KREF positions and 31 closed out — a net gain of 1 holder — while 46 added to existing stakes and 30 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $13.5M. The largest seller was UBS Group, cutting an estimated $14.5M.
- 130 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2020, down from 131 in Q4 2019.
- Funds reported $732M of KKR Real Estate Finance Trust stock for Q1 2020, down 27% quarter-over-quarter.
- 32 funds opened new KKR Real Estate Finance Trust positions in Q1 2020 and 31 closed out, a net change of +1 holder.
- The largest KKR Real Estate Finance Trust buyer in Q1 2020 was Goldman Sachs, an estimated $13.5M added.
- The largest KKR Real Estate Finance Trust seller in Q1 2020 was UBS Group, an estimated $14.5M sold.
Based on aggregated 13F filings for Q1 2020.