KKR Real Estate Finance Trust
KREF
150 hedge funds and large institutions have $448M invested in KKR Real Estate Finance Trust in 2024 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 51 increasing their positions, 48 reducing their positions, and 26 closing their positions.
49% more call options, than puts
Call options by funds: $629K | Put options by funds: $422K
6% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 48
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.31% less ownership
Funds ownership: 71.07% → 70.76% (-0.31%)
3% less funds holding
Funds holding: 155 → 150 (-5)
10% less capital invested
Capital invested by funds: $500M → $448M (-$51.8M)
12% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$14.6M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$1.72M |
| 3 |
TI
TrueMark Investments
Chicago,
Illinois
|
+$1.38M |
| 4 |
D.E. Shaw & Co
New York
|
+$1.25M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$24.2M |
| 2 |
GA
GFS Advisors
Houston,
Texas
|
-$2.66M |
| 3 |
SWP
Significant Wealth Partners
Cary,
Illinois
|
-$2.61M |
| 4 |
Renaissance Technologies
New York
|
-$2.16M |
| 5 |
BlackRock
New York
|
-$2.02M |
KREF Hedge Fund Activity: Q2 2024 in Review
150 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in KKR Real Estate Finance Trust (KREF) for Q2 2024, worth a combined $448M — down 10% from $500M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of KREF and 23 opened new positions — a net loss of 3 holders — while 48 trimmed existing stakes and 51 added.
The largest buyer was Nomura Holdings, opening a new position worth an estimated $14.6M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $24.2M sold.
- 150 institutional investors held KKR Real Estate Finance Trust (KREF) as of Q2 2024, down from 155 in Q1 2024.
- Funds reported $448M of KKR Real Estate Finance Trust stock for Q2 2024, down 10% quarter-over-quarter.
- 23 funds opened new KKR Real Estate Finance Trust positions in Q2 2024 and 26 closed out, a net change of -3 holders.
- The largest KKR Real Estate Finance Trust buyer in Q2 2024 was Nomura Holdings, an estimated $14.6M added.
- The largest KKR Real Estate Finance Trust seller in Q2 2024 was Mirae Asset Global Investments, an estimated $24.2M sold.
Based on aggregated 13F filings for Q2 2024.