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KREF

KKR Real Estate Finance Trust

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.

New
Increased
Maintained
Reduced
Closed

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: 11 (0)

0.41% less ownership

Funds ownership: 71.48%71.07% (-0.41%)

3% less funds holding

Funds holding: 160155 (-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)

Holders
155
Holders Change
-5
Holders Change %
-3.13%
% of All Funds
2.23%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
24
Increased
48
Reduced
63
Closed
28
Calls
$1.13M
Puts
$774K
Net Calls
+$354K
Net Calls Change
+$656K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$105M -$1.37M -125,151 -1%
KKRC
2
Kohlberg Kravis Roberts & Co
New York
$101M
Vanguard Group
3
Vanguard Group
Pennsylvania
$57.9M -$173K -15,773 -0.3%
NSLI
4
Nan Shan Life Insurance
Taiwan
$31M
Mirae Asset Global Investments
5
Mirae Asset Global Investments
South Korea
$24.2M +$1.96M +178,603 +9%
State Street
6
State Street
Massachusetts
$23.9M -$23K -2,094 -0.1%
Invesco
7
Invesco
Georgia
$15M +$3.27M +298,109 +25%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$13.3M +$288K +26,235 +2%
Balyasny Asset Management
9
Balyasny Asset Management
Illinois
$9.92M +$10.3M +939,839 +2,051%
Charles Schwab
10
Charles Schwab
California
$8.8M +$769K +70,136 +9%
JP Morgan Chase
11
JP Morgan Chase
New York
$7.58M +$152K +13,875 +2%
Morgan Stanley
12
Morgan Stanley
New York
$7.24M -$11.3M -1,030,925 -59%
SI
13
Stephens Inc
Arkansas
$6.43M -$449K -40,902 -6%
NWM
14
Nicola Wealth Management
British Columbia, Canada
$6.17M
Northern Trust
15
Northern Trust
Illinois
$5.86M -$198K -18,021 -3%
VOYA Investment Management
16
VOYA Investment Management
Georgia
$4.89M +$166K +15,124 +3%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$4.06M -$190K -17,327 -4%
Principal Financial Group
18
Principal Financial Group
Iowa
$3.48M +$469K +42,730 +14%
GA
19
GFS Advisors
Texas
$2.83M
Goldman Sachs
20
Goldman Sachs
New York
$2.75M +$361K +32,912 +14%
VanEck Associates
21
VanEck Associates
New York
$2.74M +$398K +36,299 +15%
GBI
22
GP Brinson Investments
Illinois
$2.71M
SWP
23
Significant Wealth Partners
Illinois
$2.61M +$497K +45,308 +21%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$2.32M +$290K +26,450 +13%
Renaissance Technologies
25
Renaissance Technologies
New York
$2.16M +$2.35M +214,600 New

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.