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KREF

KKR Real Estate Finance Trust

164 hedge funds and large institutions have $422M invested in KKR Real Estate Finance Trust in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 49 increasing their positions, 73 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

56% more call options, than puts

Call options by funds: $263K | Put options by funds: $169K

3.36% more ownership

Funds ownership: 74.81%78.17% (+3.4%)

5% less capital invested

Capital invested by funds: $443M → $422M (-$20.7M)

5% less funds holding

Funds holding: 173164 (-9)

32% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 28

33% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 73

Holders
164
Holders Change
-9
Holders Change %
-5.2%
% of All Funds
1.99%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
19
Increased
49
Reduced
73
Closed
28
Calls
$263K
Puts
$169K
Net Calls
+$94K
Net Calls Change
-$219K
Name Holding Trade Value Shares
Change
Change in
Stake
KKRC
1
Kohlberg Kravis Roberts & Co
New York
$82.8M
BlackRock
2
BlackRock
New York
$75.7M -$1.52M -179,956 -2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$30.4M +$268K +31,674 +0.9%
NSLI
4
Nan Shan Life Insurance
Taiwan
$25.2M
Nomura Holdings
5
Nomura Holdings
Japan
$22.4M +$18.2M +2,147,656 +371%
State Street
6
State Street
Massachusetts
$18.4M -$321K -37,975 -2%
LPC
7
Long Pond Capital
New York
$12.8M -$6.42M -758,584 -33%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$11M -$90.1K -10,647 -0.8%
Mirae Asset Global ETFs Holdings
9
Mirae Asset Global ETFs Holdings
Hong Kong
$10.8M +$909K +107,340 +9%
NC
10
Nokomis Capital
Texas
$8.97M +$5.33M +629,982 +136%
Two Sigma Investments
11
Two Sigma Investments
New York
$8.26M +$7.76M +916,385 +1,032%
Charles Schwab
12
Charles Schwab
California
$8.24M +$821K +96,947 +11%
Invesco
13
Invesco
Georgia
$5.62M -$3.91M -461,688 -40%
Two Sigma Advisers
14
Two Sigma Advisers
New York
$5.62M +$5.78M +683,200 New
Morgan Stanley
15
Morgan Stanley
New York
$5.22M +$207K +24,445 +4%
Wellington Management Group
16
Wellington Management Group
Massachusetts
$4.72M +$228K +26,878 +5%
Northern Trust
17
Northern Trust
Illinois
$4.33M -$914K -107,944 -17%
Citadel Advisors
18
Citadel Advisors
Florida
$3.87M -$93.1K -10,997 -2%
JP Morgan Chase
19
JP Morgan Chase
New York
$3.87M -$896K -105,897 -18%
VanEck Associates
20
VanEck Associates
New York
$3.55M +$618K +73,058 +20%
Goldman Sachs
21
Goldman Sachs
New York
$3.51M +$193K +22,806 +6%
CCM
22
Condor Capital Management
New Jersey
$3.44M +$374K +44,167 +12%
Jane Street
23
Jane Street
New York
$2.93M +$2.61M +308,920 +653%
CRAM
24
Compass Rose Asset Management
New York
$2.75M +$2.84M +335,000 New
Bank of New York Mellon
25
Bank of New York Mellon
New York
$2.51M -$145K -17,105 -5%