KKR Real Estate Finance Trust
KREF
155 hedge funds and large institutions have $500M invested in KKR Real Estate Finance Trust in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 48 increasing their positions, 63 reducing their positions, and 28 closing their positions.
46% more call options, than puts
Call options by funds: $1.13M | Put options by funds: $774K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.41% less ownership
Funds ownership: 71.48% → 71.07% (-0.41%)
3% less funds holding
Funds holding: 160 → 155 (-5)
14% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 28
24% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 63
24% less capital invested
Capital invested by funds: $658M → $500M (-$158M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$10.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.27M |
| 3 |
Renaissance Technologies
New York
|
+$2.35M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$1.96M |
| 5 |
D.E. Shaw & Co
New York
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$11.3M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$5.77M |
| 3 |
BlackRock
New York
|
-$1.37M |
| 4 |
Millennium Management
New York
|
-$1.19M |
| 5 |
Lido Advisors
Los Angeles,
California
|
-$936K |
KREF Hedge Fund Activity: Q1 2024 in Review
155 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q1 2024, worth a combined $500M — down 24% from $658M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of KREF and 24 opened new positions — a net loss of 4 holders — while 63 trimmed existing stakes and 48 added.
The largest buyer was Balyasny Asset Management, adding an estimated $10.3M. The largest seller was Morgan Stanley, cutting an estimated $11.3M.
- 155 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q1 2024, down from 160 in Q4 2023.
- Funds reported $500M of KKR Real Estate Finance Trust stock for Q1 2024, down 24% quarter-over-quarter.
- 24 funds opened new KKR Real Estate Finance Trust positions in Q1 2024 and 28 closed out, a net change of -4 holders.
- The largest KKR Real Estate Finance Trust buyer in Q1 2024 was Balyasny Asset Management, an estimated $10.3M added.
- The largest KKR Real Estate Finance Trust seller in Q1 2024 was Morgan Stanley, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2024.