KKR Real Estate Finance Trust
KREF
103 hedge funds and large institutions have $911M invested in KKR Real Estate Finance Trust in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 48 increasing their positions, 22 reducing their positions, and 10 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 22
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
3.93% more ownership
Funds ownership: 75.71% → 79.64% (+3.9%)
3% more funds holding
Funds holding: 100 → 103 (+3)
1% more capital invested
Capital invested by funds: $898M → $911M (+$12.8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$17.7M |
| 2 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$5.71M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$5.1M |
| 4 |
D.E. Shaw & Co
New York
|
+$3.9M |
| 5 |
BlackRock
New York
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
-$10.4M |
| 2 |
Renaissance Technologies
New York
|
-$5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.78M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.62M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.17M |
KREF Hedge Fund Activity: Q2 2019 in Review
103 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2019, worth a combined $911M — up 1.4% from $898M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new KREF positions and 10 closed out — a net gain of 5 holders — while 48 added to existing stakes and 22 trimmed.
The largest buyer was Capital Growth Management, adding an estimated $17.7M. The largest seller was Elliott Management, exiting entirely with an estimated $10.4M sold.
- 103 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2019, up from 100 in Q1 2019.
- Funds reported $911M of KKR Real Estate Finance Trust stock for Q2 2019, up 1.4% quarter-over-quarter.
- 15 funds opened new KKR Real Estate Finance Trust positions in Q2 2019 and 10 closed out, a net change of +5 holders.
- The largest KKR Real Estate Finance Trust buyer in Q2 2019 was Capital Growth Management, an estimated $17.7M added.
- The largest KKR Real Estate Finance Trust seller in Q2 2019 was Elliott Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q2 2019.