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REFI

Chicago Atlantic Real Estate Finance

95 hedge funds and large institutions have $88.3M invested in Chicago Atlantic Real Estate Finance in 2025 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 35 increasing their positions, 32 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 32

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.48% less ownership

Funds ownership: 31.55%30.07% (-1.5%)

9% less capital invested

Capital invested by funds: $97M → $88.3M (-$8.79M)

13% less funds holding

Funds holding: 10995 (-14)

48% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 23

95% less call options, than puts

Call options by funds: $11K | Put options by funds: $209K

Holders
95
Holders Change
-14
Holders Change %
-12.84%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
12
Increased
35
Reduced
32
Closed
23
Calls
$11K
Puts
$209K
Net Calls
-$198K
Net Calls Change
-$390K
Name Holding Trade Value Shares
Change
Change in
Stake
DBIA
51
Dumont & Blake Investment Advisors
New Jersey
$157K
Wells Fargo
52
Wells Fargo
California
$155K +$10.2K +710 +7%
QCM
53
Quantinno Capital Management
New York
$147K +$152K +10,560 New
AG
54
Ascent Group
Virginia
$141K -$35.5K -2,471 -20%
MIM
55
MetLife Investment Management
New Jersey
$139K
Osaic Holdings
56
Osaic Holdings
Arizona
$138K -$8.37K -583 -6%
Deutsche Bank
57
Deutsche Bank
Germany
$133K -$946K -65,882 -87%
Mirae Asset Global ETFs Holdings
58
Mirae Asset Global ETFs Holdings
Hong Kong
$133K -$10.2K -711 -7%
BNP Paribas Financial Markets
59
BNP Paribas Financial Markets
France
$113K +$45.4K +3,163 +64%
Nisa Investment Advisors
60
Nisa Investment Advisors
Missouri
$107K -$162K -11,285 -60%
Bank of America
61
Bank of America
North Carolina
$98.4K -$123K -8,598 -55%
EWA
62
EverSource Wealth Advisors
Alabama
$93.8K +$93.5K +6,508 +3,041%
New York State Common Retirement Fund
63
New York State Common Retirement Fund
New York
$84.3K
PFSRSONJ
64
Police & Firemen's Retirement System of New Jersey
New Jersey
$60.7K
SOW
65
State of Wyoming
Wyoming
$55.2K -$143K -9,929 -72%
LFG
66
Larson Financial Group
Missouri
$50.3K +$9.78K +681 +23%
Russell Investments Group
67
Russell Investments Group
United Kingdom
$49.6K +$11.5K +803 +29%
T
68
Transce3nd
Texas
$46.5K +$47.9K +3,333 New
SO
69
STRS Ohio
Ohio
$44.7K
GWM
70
Geneos Wealth Management
Colorado
$32.5K -$33.5K -2,330 -50%
TRCT
71
Tower Research Capital (TRC)
New York
$27.6K +$19.5K +1,359 +220%
Fidelity Investments
72
Fidelity Investments
Massachusetts
$25.3K -$230 -16 -0.9%
Legal & General Group
73
Legal & General Group
United Kingdom
$22.9K -$39.4K -2,746 -63%
MCM
74
MAI Capital Management
Ohio
$20.9K
AIP
75
Ameritas Investment Partners
Nebraska
$18.9K

REFI Hedge Fund Activity: Q2 2025 in Review

95 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Chicago Atlantic Real Estate Finance (REFI) for Q2 2025, worth a combined $88.3M — down 9.1% from $97M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of REFI and 12 opened new positions — a net loss of 11 holders — while 32 trimmed existing stakes and 35 added.

The largest buyer was VanEck Associates, opening a new position worth an estimated $2.72M. The largest seller was Allspring Global Investments, exiting entirely with an estimated $1.65M sold.

  • 95 institutional investors held Chicago Atlantic Real Estate Finance (REFI) as of Q2 2025, down from 109 in Q1 2025.
  • Funds reported $88.3M of Chicago Atlantic Real Estate Finance stock for Q2 2025, down 9.1% quarter-over-quarter.
  • 12 funds opened new Chicago Atlantic Real Estate Finance positions in Q2 2025 and 23 closed out, a net change of -11 holders.
  • The largest Chicago Atlantic Real Estate Finance buyer in Q2 2025 was VanEck Associates, an estimated $2.72M added.
  • The largest Chicago Atlantic Real Estate Finance seller in Q2 2025 was Allspring Global Investments, an estimated $1.65M sold.

Based on aggregated 13F filings for Q2 2025.