Chicago Atlantic Real Estate Finance
REFI
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.
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: 95 → 97 (+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: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Clayton Partners
Berkeley,
California
|
+$1.89M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.01M |
| 3 |
FCG
Fielder Capital Group
Nashville,
Tennessee
|
+$520K |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$420K |
| 5 |
Millennium Management
New York
|
+$367K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
-$945K |
| 2 |
AI
Atom Investors
Austin,
Texas
|
-$360K |
| 3 |
AI
AdvisorShares Investments
Bethesda,
Maryland
|
-$354K |
| 4 |
Two Sigma Investments
New York
|
-$323K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$321K |
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.