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
MML Investors Services
51
MML Investors Services
Massachusetts
$146K +$157K +11,438 New
DBIA
52
Dumont & Blake Investment Advisors
New Jersey
$143K
Envestnet Asset Management
53
Envestnet Asset Management
Illinois
$136K +$146K +10,650 New
MIM
54
MetLife Investment Management
New Jersey
$127K
Deutsche Bank
55
Deutsche Bank
Germany
$122K
SOW
56
State of Wyoming
Wyoming
$110K +$64.1K +4,677 +118%
Mirae Asset Global ETFs Holdings
57
Mirae Asset Global ETFs Holdings
Hong Kong
$104K -$18.7K -1,362 -14%
Bank of America
58
Bank of America
North Carolina
$87.5K -$2.87K -209 -3%
Russell Investments Group
59
Russell Investments Group
United Kingdom
$83.7K +$41K +2,991 +84%
Fidelity Investments
60
Fidelity Investments
Massachusetts
$80.2K +$61.2K +4,465 +247%
New York State Common Retirement Fund
61
New York State Common Retirement Fund
New York
$77.2K
BNP Paribas Financial Markets
62
BNP Paribas Financial Markets
France
$62K -$44.8K -3,265 -40%
EWA
63
EverSource Wealth Advisors
Alabama
$58K -$30K -2,189 -33%
PFSRSONJ
64
Police & Firemen's Retirement System of New Jersey
New Jersey
$55.6K
Nisa Investment Advisors
65
Nisa Investment Advisors
Missouri
$45.8K -$56.2K -4,096 -55%
SO
66
STRS Ohio
Ohio
$40.9K
Royal Bank of Canada
67
Royal Bank of Canada
Ontario, Canada
$39K -$147K -10,728 -78%
Acadian Asset Management
68
Acadian Asset Management
Massachusetts
$38K +$41.5K +3,027 New
GWM
69
Geneos Wealth Management
Colorado
$29.8K
Carson Wealth (CWM LLC)
70
Carson Wealth (CWM LLC)
Nebraska
$28K +$13.1K +955 +79%
Simplex Trading
71
Simplex Trading
Illinois
$21K +$22.6K +1,651 New
Legal & General Group
72
Legal & General Group
United Kingdom
$20.9K
MCM
73
MAI Capital Management
Ohio
$19.2K
TRCT
74
Tower Research Capital (TRC)
New York
$17.9K -$7.94K -579 -29%
AIP
75
Ameritas Investment Partners
Nebraska
$17.3K

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.