KKR Real Estate Finance Trust
KREF
101 hedge funds and large institutions have $879M invested in KKR Real Estate Finance Trust in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 41 increasing their positions, 31 reducing their positions, and 14 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 31
3% less capital invested
Capital invested by funds: $909M → $879M (-$29.5M)
1.05% less ownership
Funds ownership: 79.43% → 78.38% (-1.1%)
2% less funds holding
Funds holding: 103 → 101 (-2)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$9.02M |
| 2 |
Barclays
London,
United Kingdom
|
+$7.32M |
| 3 |
HS
Hazelview Securities
Toronto,
Ontario, Canada
|
+$6.7M |
| 4 |
WG
Winton Group
London,
United Kingdom
|
+$5.31M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$4.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$50.6M |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$7.38M |
| 3 |
Two Sigma Investments
New York
|
-$2.54M |
| 4 |
Renaissance Technologies
New York
|
-$2.32M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.99M |
KREF Hedge Fund Activity: Q3 2019 in Review
101 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q3 2019, worth a combined $879M — down 3.3% from $909M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of KREF and 12 opened new positions — a net loss of 2 holders — while 31 trimmed existing stakes and 41 added.
The largest buyer was Mirae Asset Global Investments, adding an estimated $9.02M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $50.6M sold.
- 101 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q3 2019, down from 103 in Q2 2019.
- Funds reported $879M of KKR Real Estate Finance Trust stock for Q3 2019, down 3.3% quarter-over-quarter.
- 12 funds opened new KKR Real Estate Finance Trust positions in Q3 2019 and 14 closed out, a net change of -2 holders.
- The largest KKR Real Estate Finance Trust buyer in Q3 2019 was Mirae Asset Global Investments, an estimated $9.02M added.
- The largest KKR Real Estate Finance Trust seller in Q3 2019 was Capital Research Global Investors, an estimated $50.6M sold.
Based on aggregated 13F filings for Q3 2019.