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KREF

KKR Real Estate Finance Trust

166 hedge funds and large institutions have $603M invested in KKR Real Estate Finance Trust in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 52 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 52

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.42% less ownership

Funds ownership: 76.87%76.45% (-0.42%)

1% less funds holding

Funds holding: 167166 (-1)

19% less capital invested

Capital invested by funds: $743M → $603M (-$140M)

43% less call options, than puts

Call options by funds: $433K | Put options by funds: $764K

Holders
166
Holders Change
-1
Holders Change %
-0.6%
% of All Funds
2.65%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
27
Increased
65
Reduced
52
Closed
25
Calls
$433K
Puts
$764K
Net Calls
-$331K
Net Calls Change
-$339K
Name Holding Trade Value Shares
Change
Change in
Stake
EWA
151
EverSource Wealth Advisors
Alabama
$3.65K +$4.49K +320 New
Ohio Public Employees Retirement System (OPERS)
152
Ohio Public Employees Retirement System (OPERS)
Ohio
$3K +$3.72K +265 New
VCM
153
Versant Capital Management
Arizona
$2.94K -$6K -428 -62%
Fifth Third Bancorp
154
Fifth Third Bancorp
Ohio
$2.56K +$3.15K +225 New
MCM
155
Manchester Capital Management
Vermont
$2.3K +$1.78K +127 +169%
MPWT
156
MassMutual Private Wealth & Trust
Connecticut
$1.8K +$2.22K +158 New
NIC
157
Northwest Investment Counselors
Oregon
$1.28K +$1.57K +112 New
CAL
158
Capital Advisors Ltd
Ohio
$1K +$1.12K +80 New
EI
159
Ellevest Inc
New York
$524 +$645 +46 New
BIA
160
Bell Investment Advisors
California
$467 +$575 +41 New
FMII
161
Farmers & Merchants Investments Inc
Nebraska
$456
Group One Trading
162
Group One Trading
Illinois
$410 +$505 +36 New
ECM
163
Everence Capital Management
Indiana
$157
AF
164
Allworth Financial
California
$126 +$154 +11 New
HNB
165
Huntington National Bank
Ohio
$11
Federated Hermes
166
Federated Hermes
Pennsylvania
-$2.3M -164,533 Closed
CAM
167
Concorde Asset Management
Michigan
-$1.82M -130,360 Closed
Tudor Investment Corp
168
Tudor Investment Corp
Connecticut
-$947K -67,808 Closed
JCIA
169
Jackson Creek Investment Advisors
Colorado
-$689K -49,353 Closed
GA
170
GraniteShares Advisors
New York
-$587K -42,079 Closed
Nomura Asset Management
171
Nomura Asset Management
Japan
-$557K -39,900 Closed
BCM
172
Beck Capital Management
Texas
-$527K -37,757 Closed
ETC
173
Exchange Traded Concepts
Oklahoma
-$469K -33,564 Closed
Teacher Retirement System of Texas
174
Teacher Retirement System of Texas
Texas
-$342K -24,494 Closed
WG
175
Winton Group
United Kingdom
-$311K -22,305 Closed

KREF Hedge Fund Activity: Q1 2023 in Review

166 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2023, worth a combined $603M — down 19% from $743M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new KREF positions and 25 closed out — a net gain of 2 holders — while 65 added to existing stakes and 52 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $16.3M. The largest seller was Goldman Sachs, cutting an estimated $22.4M.

  • 166 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2023, down from 167 in Q4 2022.
  • Funds reported $603M of KKR Real Estate Finance Trust stock for Q1 2023, down 19% quarter-over-quarter.
  • 27 funds opened new KKR Real Estate Finance Trust positions in Q1 2023 and 25 closed out, a net change of +2 holders.
  • The largest KKR Real Estate Finance Trust buyer in Q1 2023 was Balyasny Asset Management, an estimated $16.3M added.
  • The largest KKR Real Estate Finance Trust seller in Q1 2023 was Goldman Sachs, an estimated $22.4M sold.

Based on aggregated 13F filings for Q1 2023.