We are live on ! Find out more
REFI

Chicago Atlantic Real Estate Finance

97 hedge funds and large institutions have $84.9M invested in Chicago Atlantic Real Estate Finance in 2025 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 25

14% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 14

2% more funds holding

Funds holding: 9597 (+2)

1.35% more ownership

Funds ownership: 30.07%31.41% (+1.3%)

4% less capital invested

Capital invested by funds: $88.3M → $84.9M (-$3.33M)

100% less call options, than puts

Call options by funds: $1K | Put options by funds: $663K

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
97
Holders Change
+2
Holders Change %
+2.11%
% of All Funds
1.27%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
16
Increased
36
Reduced
25
Closed
14
Calls
$1K
Puts
$663K
Net Calls
-$662K
Net Calls Change
-$464K
Name Holding Trade Value Shares
Change
Change in
Stake
Qube Research & Technologies (QRT)
26
Qube Research & Technologies (QRT)
United Kingdom
$492K +$157K +11,454 +42%
MFG
27
Magnus Financial Group
New York
$445K +$960 +70 +0.2%
QC
28
Quadrature Capital
United Kingdom
$392K +$420K +30,593 New
PWM
29
PBMares Wealth Management
Virginia
$386K -$8.91K -650 -2%
PCM
30
Perritt Capital Management
Illinois
$339K -$77.5K -5,653 -18%
AI
31
AdvisorShares Investments
Maryland
$336K -$354K -25,778 -50%
Invesco
32
Invesco
Georgia
$334K +$79K +5,757 +28%
Barclays
33
Barclays
United Kingdom
$327K -$45.2K -3,293 -11%
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$316K -$24.9K -1,816 -7%
UAG
35
United Advisor Group
Ohio
$314K +$337K +24,550 New
N
36
Nuveen
North Carolina
$290K
Manulife (Manufacturers Life Insurance)
37
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$289K -$9.07K -661 -3%
GIA
38
Gladstone Institutional Advisory
Florida
$274K -$151K -11,000 -34%
AllianceBernstein
39
AllianceBernstein
Tennessee
$274K +$20.6K +1,500 +8%
Geode Capital Management
40
Geode Capital Management
Massachusetts
$267K +$33.8K +2,466 +13%
Mariner
41
Mariner
Kansas
$262K -$2.32K -169 -0.8%
MAM
42
Martingale Asset Management
Massachusetts
$259K
UBS Group
43
UBS Group
Switzerland
$253K -$42.5K -3,102 -14%
EHC
44
Everett Harris & Co
California
$237K
QCM
45
Quantinno Capital Management
New York
$233K +$105K +7,629 +72%
AG
46
AlTi Global
New York
$214K +$7.6K +554 +4%
Two Sigma Investments
47
Two Sigma Investments
New York
$206K -$323K -23,520 -59%
Wells Fargo
48
Wells Fargo
California
$178K +$38.2K +2,783 +25%
HWM
49
HB Wealth Management
Georgia
$160K +$837 +61 +0.5%
Citigroup
50
Citigroup
New York
$158K +$3.42K +249 +2%

REFI Hedge Fund Activity: Q3 2025 in Review

97 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Chicago Atlantic Real Estate Finance (REFI) for Q3 2025, worth a combined $84.9M — down 3.8% from $88.3M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new REFI positions and 14 closed out — a net gain of 2 holders — while 36 added to existing stakes and 25 trimmed.

The largest buyer was Clayton Partners, opening a new position worth an estimated $1.89M. The largest seller was Two Sigma Advisers, exiting entirely with an estimated $945K sold.

  • 97 institutional investors held Chicago Atlantic Real Estate Finance (REFI) as of Q3 2025, up from 95 in Q2 2025.
  • Funds reported $84.9M of Chicago Atlantic Real Estate Finance stock for Q3 2025, down 3.8% quarter-over-quarter.
  • 16 funds opened new Chicago Atlantic Real Estate Finance positions in Q3 2025 and 14 closed out, a net change of +2 holders.
  • The largest Chicago Atlantic Real Estate Finance buyer in Q3 2025 was Clayton Partners, an estimated $1.89M added.
  • The largest Chicago Atlantic Real Estate Finance seller in Q3 2025 was Two Sigma Advisers, an estimated $945K sold.

Based on aggregated 13F filings for Q3 2025.