KKR Real Estate Finance Trust
KREF
131 hedge funds and large institutions have $1000M invested in KKR Real Estate Finance Trust in 2019 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 48 increasing their positions, 25 reducing their positions, and 9 closing their positions.
333% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 9
123% more capital inflows, than outflows
Capital inflows: $145M | Capital outflows: $64.9M
92% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 25
30% more funds holding
Funds holding: 101 → 131 (+30)
6.76% more ownership
Funds ownership: 78.38% → 85.14% (+6.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$45.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$33.4M |
| 3 |
State Street
Boston,
Massachusetts
|
+$5.67M |
| 4 |
Millennium Management
New York
|
+$5.06M |
| 5 |
Morgan Stanley
New York
|
+$4.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Growth Management
Boston,
Massachusetts
|
-$26.5M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
-$10.5M |
| 3 |
Hazelview Securities
Toronto,
Ontario, Canada
|
-$6.65M |
| 4 |
RA
Resource America
New York
|
-$4.88M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$3.18M |
KREF Hedge Fund Activity: Q4 2019 in Review
131 of the 5,094 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2019, worth a combined $1000M — up 14% from $879M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new KREF positions and 9 closed out — a net gain of 30 holders — while 48 added to existing stakes and 25 trimmed.
The largest buyer was BlackRock, adding an estimated $45.2M. The largest seller was Capital Growth Management, exiting entirely with an estimated $26.5M sold.
- 131 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2019, up from 101 in Q3 2019.
- Funds reported $1000M of KKR Real Estate Finance Trust stock for Q4 2019, up 14% quarter-over-quarter.
- 39 funds opened new KKR Real Estate Finance Trust positions in Q4 2019 and 9 closed out, a net change of +30 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2019 was BlackRock, an estimated $45.2M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2019 was Capital Growth Management, an estimated $26.5M sold.
Based on aggregated 13F filings for Q4 2019.