KKR Real Estate Finance Trust
KREF
137 hedge funds and large institutions have $989M invested in KKR Real Estate Finance Trust in 2021 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 58 increasing their positions, 29 reducing their positions, and 19 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 29
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
11% more capital invested
Capital invested by funds: $891M → $989M (+$98.5M)
7% more funds holding
Funds holding: 128 → 137 (+9)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4.85% less ownership
Funds ownership: 87.11% → 82.25% (-4.9%)
47% less call options, than puts
Call options by funds: $519K | Put options by funds: $971K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$12.5M |
| 3 |
Aviva
London,
United Kingdom
|
+$7.44M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$7.41M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$6.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$120M |
| 2 |
Renaissance Technologies
New York
|
-$4.01M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$3.75M |
| 4 |
Millennium Management
New York
|
-$2.62M |
| 5 |
D.E. Shaw & Co
New York
|
-$1.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
E
151
Ergoteles
New York
| – | -$201K | -10,943 | Closed |
|
|
QT
152
Quantbot Technologies
New York
| – | -$57K | -3,100 | Closed |
|
|
PHK
153
Point72 Hong Kong
Hong Kong
| – | -$7K | -395 | Closed |
|
154
Fidelity Investments
Boston,
Massachusetts
| – | -$2.41K | -115 | -84% |
|
|
PFBT
155
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | +$126 | +6 | New |
|
KREF Hedge Fund Activity: Q2 2021 in Review
137 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2021, worth a combined $989M — up 11% from $891M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new KREF positions and 19 closed out — a net gain of 9 holders — while 58 added to existing stakes and 29 trimmed.
The largest buyer was Vanguard Group, adding an estimated $15.2M. The largest seller was Kohlberg Kravis Roberts & Co, cutting an estimated $120M.
- 137 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2021, up from 128 in Q1 2021.
- Funds reported $989M of KKR Real Estate Finance Trust stock for Q2 2021, up 11% quarter-over-quarter.
- 28 funds opened new KKR Real Estate Finance Trust positions in Q2 2021 and 19 closed out, a net change of +9 holders.
- The largest KKR Real Estate Finance Trust buyer in Q2 2021 was Vanguard Group, an estimated $15.2M added.
- The largest KKR Real Estate Finance Trust seller in Q2 2021 was Kohlberg Kravis Roberts & Co, an estimated $120M sold.
Based on aggregated 13F filings for Q2 2021.