KKR Real Estate Finance Trust
KREF
167 hedge funds and large institutions have $743M invested in KKR Real Estate Finance Trust in 2022 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 58 increasing their positions, 66 reducing their positions, and 20 closing their positions.
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
1% more call options, than puts
Call options by funds: $724K | Put options by funds: $716K
0.77% more ownership
Funds ownership: 76.1% → 76.87% (+0.77%)
1% less funds holding
Funds holding: 169 → 167 (-2)
12% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 66
13% less capital invested
Capital invested by funds: $857M → $743M (-$114M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.29M |
| 2 |
Millennium Management
New York
|
+$7.32M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$4.48M |
| 4 |
State Street
Boston,
Massachusetts
|
+$4.08M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$7.07M |
| 2 |
JP Morgan Chase
New York
|
-$6.25M |
| 3 |
Two Sigma Advisers
New York
|
-$3.27M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$2.14M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IFG
176
Independent Financial Group
San Diego,
California
| – | -$166K | -10,190 | Closed |
|
|
MAM
177
Meeder Asset Management
Dublin,
Ohio
| – | -$26K | -1,625 | Closed |
|
|
SOW
178
State of Wyoming
Cheyenne,
Wyoming
| – | -$21K | -1,290 | Closed |
|
|
TWA
179
TCI Wealth Advisors
Tucson,
Arizona
| – | -$4K | -262 | Closed |
|
|
SWM
180
Selective Wealth Management
Forest,
Virginia
| – | -$3K | -200 | Closed |
|
181
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -194 | Closed |
|
|
C
182
Covestor
London,
United Kingdom
| – | -$2.4K | -147 | -87% |
|
|
EWA
183
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$2K | -139 | Closed |
|
184
Group One Trading
Chicago,
Illinois
| – | -$1.63K | -100 | Closed |
|
KREF Hedge Fund Activity: Q4 2022 in Review
167 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2022, worth a combined $743M — down 13% from $857M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new KREF positions and 20 closed out — a net gain of 3 holders — while 58 added to existing stakes and 66 trimmed.
The largest buyer was BlackRock, adding an estimated $8.29M. The largest seller was American Century Companies, exiting entirely with an estimated $7.07M sold.
- 167 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2022, down from 169 in Q3 2022.
- Funds reported $743M of KKR Real Estate Finance Trust stock for Q4 2022, down 13% quarter-over-quarter.
- 23 funds opened new KKR Real Estate Finance Trust positions in Q4 2022 and 20 closed out, a net change of +3 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2022 was BlackRock, an estimated $8.29M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2022 was American Century Companies, an estimated $7.07M sold.
Based on aggregated 13F filings for Q4 2022.