KKR Real Estate Finance Trust
KREF
166 hedge funds and large institutions have $603M invested in KKR Real Estate Finance Trust in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 52 reducing their positions, and 25 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 52
8% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 25
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.42% less ownership
Funds ownership: 76.87% → 76.45% (-0.42%)
1% less funds holding
Funds holding: 167 → 166 (-1)
19% less capital invested
Capital invested by funds: $743M → $603M (-$140M)
43% less call options, than puts
Call options by funds: $433K | Put options by funds: $764K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$16.3M |
| 2 |
Millennium Management
New York
|
+$6.65M |
| 3 |
NWM
Nicola Wealth Management
Vancouver,
British Columbia, Canada
|
+$4.98M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$3.88M |
| 5 |
GBI
GP Brinson Investments
Chicago,
Illinois
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$22.4M |
| 2 |
JP Morgan Chase
New York
|
-$8.61M |
| 3 |
Aviva
London,
United Kingdom
|
-$4.24M |
| 4 |
JIC
JRM Investment Counsel
Omaha,
Nebraska
|
-$3.5M |
| 5 |
Two Sigma Advisers
New York
|
-$2.87M |
KREF Hedge Fund Activity: Q1 2023 in Review
166 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2023, worth a combined $603M — down 19% from $743M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new KREF positions and 25 closed out — a net gain of 2 holders — while 65 added to existing stakes and 52 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $16.3M. The largest seller was Goldman Sachs, cutting an estimated $22.4M.
- 166 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2023, down from 167 in Q4 2022.
- Funds reported $603M of KKR Real Estate Finance Trust stock for Q1 2023, down 19% quarter-over-quarter.
- 27 funds opened new KKR Real Estate Finance Trust positions in Q1 2023 and 25 closed out, a net change of +2 holders.
- The largest KKR Real Estate Finance Trust buyer in Q1 2023 was Balyasny Asset Management, an estimated $16.3M added.
- The largest KKR Real Estate Finance Trust seller in Q1 2023 was Goldman Sachs, an estimated $22.4M sold.
Based on aggregated 13F filings for Q1 2023.