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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
Raymond James Financial
76
Raymond James Financial
Florida
$17.7K +$18.2K +1,265 New
Carson Wealth (CWM LLC)
77
Carson Wealth (CWM LLC)
Nebraska
$17K +$14.3K +993 +468%
PA
78
Parallel Advisors
California
$11.7K
AB
79
Amalgamated Bank
New York
$8K
FDCDDQ
80
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.98K
WIM
81
Westside Investment Management
California
$6.98K
SCM
82
Sterling Capital Management
North Carolina
$6.5K +$2.38K +166 +55%
FFA
83
Farther Finance Advisors
California
$5.4K -$2.05K -143 -27%
A
84
AlphaQuest
New York
$4.2K +$14 +1 +0.3%
IA
85
IFP Advisors
Florida
$3.21K +$3.3K +230 New
HNB
86
Huntington National Bank
Ohio
$3.21K
HCA
87
Harbor Capital Advisors
Illinois
$3K +$919 +64 +42%
GM
88
GeoWealth Management
Illinois
$2.29K +$2.35K +164 New
GI
89
GAMMA Investing
California
$2.08K -$6.71K -467 -76%
Jones Financial Companies
90
Jones Financial Companies
Missouri
$2.01K
C
91
Covestor
United Kingdom
$1K -$258 -18 -21%
EP
92
Essential Partners
California
$740 +$761 +53 New
AF
93
Allworth Financial
California
$336 +$345 +24 New
TWD
94
True Wealth Design
Ohio
$182 -$29 -2 -13%
AssetMark Inc
95
AssetMark Inc
California
$126 +$129 +9 New
Allspring Global Investments
96
Allspring Global Investments
North Carolina
-$1.65M -112,573 Closed
Arrowstreet Capital
97
Arrowstreet Capital
Massachusetts
-$514K -34,971 Closed
ECM
98
ExodusPoint Capital Management
New York
-$417K -28,348 Closed
SC
99
Savant Capital
Illinois
-$296K -20,144 Closed
TC
100
TownSquare Capital
Utah
-$207K -14,072 Closed

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.