KKR Real Estate Finance Trust
KREF
168 hedge funds and large institutions have $1.01B invested in KKR Real Estate Finance Trust in 2021 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 84 increasing their positions, 29 reducing their positions, and 11 closing their positions.
200% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 11
190% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 29
34% more call options, than puts
Call options by funds: $1.82M | Put options by funds: $1.36M
15% more funds holding
Funds holding: 146 → 168 (+22)
4% more capital invested
Capital invested by funds: $967M → $1.01B (+$39.9M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.89% less ownership
Funds ownership: 82.36% → 79.47% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$15.2M |
| 2 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$5M |
| 3 |
GA
GFS Advisors
Houston,
Texas
|
+$4.57M |
| 4 |
RBC
Roble Belko & Company
Sewickley,
Pennsylvania
|
+$3.83M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$3.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Element Capital Management
New York
|
-$4.91M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.93M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.22M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$2.21M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.04M |
KREF Hedge Fund Activity: Q4 2021 in Review
168 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q4 2021, worth a combined $1.01B — up 4.1% from $967M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new KREF positions and 11 closed out — a net gain of 22 holders — while 84 added to existing stakes and 29 trimmed.
The largest buyer was BlackRock, adding an estimated $15.2M. The largest seller was Element Capital Management, exiting entirely with an estimated $4.91M sold.
- 168 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q4 2021, up from 146 in Q3 2021.
- Funds reported $1.01B of KKR Real Estate Finance Trust stock for Q4 2021, up 4.1% quarter-over-quarter.
- 33 funds opened new KKR Real Estate Finance Trust positions in Q4 2021 and 11 closed out, a net change of +22 holders.
- The largest KKR Real Estate Finance Trust buyer in Q4 2021 was BlackRock, an estimated $15.2M added.
- The largest KKR Real Estate Finance Trust seller in Q4 2021 was Element Capital Management, an estimated $4.91M sold.
Based on aggregated 13F filings for Q4 2021.