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REFI

Chicago Atlantic Real Estate Finance

100 hedge funds and large institutions have $71.9M invested in Chicago Atlantic Real Estate Finance in 2026 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 29 increasing their positions, 32 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 19

1% less funds holding

Funds holding: 101100 (-1)

9% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 32

2.05% less ownership

Funds ownership: 32.07%30.02% (-2%)

13% less capital invested

Capital invested by funds: $83.1M → $71.9M (-$11.2M)

87% less call options, than puts

Call options by funds: $62K | Put options by funds: $460K

Holders
100
Holders Change
-1
Holders Change %
-0.99%
% of All Funds
1.23%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
20
Increased
29
Reduced
32
Closed
19
Calls
$62K
Puts
$460K
Net Calls
-$398K
Net Calls Change
+$181K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$16.1M -$185K -15,200 -1%
FCG
2
Fielder Capital Group
Tennessee
$10.9M +$1.56M +127,632 +15%
VCM
3
Vanguard Capital Management
Pennsylvania
$8.24M +$8.87M +727,853 New
State Street
4
State Street
Massachusetts
$6.01M -$216K -17,693 -3%
VanEck Associates
5
VanEck Associates
New York
$2.67M +$2.88M +236,157 New
Corient Private Wealth
6
Corient Private Wealth
Florida
$1.77M -$3.04M -249,386 -61%
CP
7
Clayton Partners
California
$1.7M -$739K -60,656 -29%
CF
8
CDC Financial
Illinois
$1.6M +$247K +20,250 +17%
Northern Trust
9
Northern Trust
Illinois
$1.6M +$70.4K +5,773 +4%
Connor, Clark & Lunn Investment Management (CC&L)
10
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.32M -$169K -13,845 -11%
VFT
11
Vanguard Fiduciary Trust
Pennsylvania
$1.29M +$1.39M +114,295 New
DA
12
Doliver Advisors
Texas
$1.27M +$67K +5,500 +5%
VPM
13
Vanguard Portfolio Management
Pennsylvania
$1.18M +$1.27M +104,333 New
SMA
14
Sage Mountain Advisors
Georgia
$1.12M -$276K -22,670 -19%
PCM
15
Penserra Capital Management
California
$1.07M +$32.4K +2,659 +3%
Osaic Holdings
16
Osaic Holdings
Arizona
$951K -$5.19K -426 -0.5%
QCM
17
Quantinno Capital Management
New York
$855K +$338K +27,764 +58%
ICM
18
Intrepid Capital Management
Florida
$837K
T. Rowe Price Associates
19
T. Rowe Price Associates
Maryland
$645K +$58.1K +4,765 +9%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$581K +$17.3K +1,416 +3%
Renaissance Technologies
21
Renaissance Technologies
New York
$577K -$56.1K -4,600 -8%
Millennium Management
22
Millennium Management
New York
$561K -$1.34M -109,692 -69%
Charles Schwab
23
Charles Schwab
California
$558K -$68.8K -5,644 -10%
Morgan Stanley
24
Morgan Stanley
New York
$551K +$145K +11,928 +32%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$543K -$4.22K -346 -0.7%

REFI Hedge Fund Activity: Q1 2026 in Review

100 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Chicago Atlantic Real Estate Finance (REFI) for Q1 2026, worth a combined $71.9M — down 13% from $83.1M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new REFI positions and 19 closed out — a net gain of 1 holder — while 29 added to existing stakes and 32 trimmed.

The largest buyer was VanEck Associates, opening a new position worth an estimated $2.88M. The largest seller was Corient Private Wealth, cutting an estimated $3.04M.

  • 100 institutional investors held Chicago Atlantic Real Estate Finance (REFI) as of Q1 2026, down from 101 in Q4 2025.
  • Funds reported $71.9M of Chicago Atlantic Real Estate Finance stock for Q1 2026, down 13% quarter-over-quarter.
  • 20 funds opened new Chicago Atlantic Real Estate Finance positions in Q1 2026 and 19 closed out, a net change of +1 holder.
  • The largest Chicago Atlantic Real Estate Finance buyer in Q1 2026 was VanEck Associates, an estimated $2.88M added.
  • The largest Chicago Atlantic Real Estate Finance seller in Q1 2026 was Corient Private Wealth, an estimated $3.04M sold.

Based on aggregated 13F filings for Q1 2026.