Chicago Atlantic Real Estate Finance
REFI
101 hedge funds and large institutions have $83.1M invested in Chicago Atlantic Real Estate Finance in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 37 increasing their positions, 30 reducing their positions, and 16 closing their positions.
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
23% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 30
4% more funds holding
Funds holding: 97 → 101 (+4)
0.65% more ownership
Funds ownership: 31.41% → 32.07% (+0.65%)
2% less capital invested
Capital invested by funds: $84.9M → $83.1M (-$1.82M)
90% less call options, than puts
Call options by funds: $67K | Put options by funds: $646K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
+$2.34M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.03M |
| 3 |
CP
Clayton Partners
Berkeley,
California
|
+$933K |
| 4 |
Jane Street
New York
|
+$779K |
| 5 |
SL
Sentinus LLC
Oak Brook,
Illinois
|
+$466K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$2.54M |
| 2 |
ICM
Intrepid Capital Management
Jacksonville Beach,
Florida
|
-$1.8M |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$577K |
| 4 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$542K |
| 5 |
Renaissance Technologies
New York
|
-$503K |
REFI Hedge Fund Activity: Q4 2025 in Review
101 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Chicago Atlantic Real Estate Finance (REFI) for Q4 2025, worth a combined $83.1M — down 2.1% from $84.9M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new REFI positions and 16 closed out — a net gain of 5 holders — while 37 added to existing stakes and 30 trimmed.
The largest buyer was Corient Private Wealth, adding an estimated $2.34M. The largest seller was VanEck Associates, exiting entirely with an estimated $2.54M sold.
- 101 institutional investors held Chicago Atlantic Real Estate Finance (REFI) as of Q4 2025, up from 97 in Q3 2025.
- Funds reported $83.1M of Chicago Atlantic Real Estate Finance stock for Q4 2025, down 2.1% quarter-over-quarter.
- 21 funds opened new Chicago Atlantic Real Estate Finance positions in Q4 2025 and 16 closed out, a net change of +5 holders.
- The largest Chicago Atlantic Real Estate Finance buyer in Q4 2025 was Corient Private Wealth, an estimated $2.34M added.
- The largest Chicago Atlantic Real Estate Finance seller in Q4 2025 was VanEck Associates, an estimated $2.54M sold.
Based on aggregated 13F filings for Q4 2025.