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KKR Real Estate Finance Trust Inc.

KREF
Exchange
NYSE
Industry
Real Estate Investment Trusts
SEC CIK
0001631596

No open-market purchases or sales by KKR Real Estate Finance Trust Inc. insiders were filed in the last 90 days; 154 institutions reported holding it in 13F filings for Q2 2026, worth $350.8M in total; no superinvestor holds it.

Other share classesKREF.PA

13F holders, Q1 2025

Institutional positions in KKR Real Estate Finance Trust Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
178
+9 vs. Q4 2024
Shares held
50.3M
−212.0K (−0.4%) vs. Q4 2024
Total value
$545.4M
+$34.7M (+6.8%) vs. Q4 2024
New holders
25
64 more added
Sold out
16
55 more reduced

2 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting KREF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 178 institutions
Q1 2021: 128 institutionsQ2 2021: 137 institutionsQ3 2021: 146 institutionsQ4 2021: 168 institutionsQ1 2022: 174 institutionsQ2 2022: 177 institutionsQ3 2022: 170 institutionsQ4 2022: 167 institutionsQ1 2023: 166 institutionsQ2 2023: 155 institutionsQ3 2023: 155 institutionsQ4 2023: 160 institutionsQ1 2024: 155 institutionsQ2 2024: 150 institutionsQ3 2024: 172 institutionsQ4 2024: 171 institutionsQ1 2025: 178 institutionsQ2 2025: 170 institutionsQ3 2025: 173 institutionsQ4 2025: 164 institutionsQ1 2026: 169 institutionsQ2 2026: 154 institutions
Value heldQ1 2025: $545.4M
Q1 2021: $891.5MQ2 2021: $990.2MQ3 2021: $967.5MQ4 2021: $1.01BQ1 2022: $1.11BQ2 2022: $901.8MQ3 2022: $857.2MQ4 2022: $743.2MQ1 2023: $605.3MQ2 2023: $614.9MQ3 2023: $590.7MQ4 2023: $668.2MQ1 2024: $522.4MQ2 2024: $454.5MQ3 2024: $635.3MQ4 2024: $513.0MQ1 2025: $545.4MQ2 2025: $429.9MQ3 2025: $448.0MQ4 2025: $422.0MQ1 2026: $311.7MQ2 2026: $350.8M
Institutions holding KREF and their total value by quarter
QuarterHoldersValue
Q2 2026154$350.8M
Q1 2026169$311.7M
Q4 2025164$422.0M
Q3 2025173$448.0M
Q2 2025170$429.9M
Q1 2025178$545.4M
Q4 2024171$513.0M
Q3 2024172$635.3M
Q2 2024150$454.5M
Q1 2024155$522.4M
Q4 2023160$668.2M
Q3 2023155$590.7M
Q2 2023155$614.9M
Q1 2023166$605.3M
Q4 2022167$743.2M
Q3 2022170$857.2M
Q2 2022177$901.8M
Q1 2022174$1.11B
Q4 2021168$1.01B
Q3 2021146$967.5M
Q2 2021137$990.2M
Q1 2021128$891.5M

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding KKR Real Estate Finance Trust Inc.; share changes are against Q4 2024.

Institutions holding KREF in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.10,299,239$111.2M0.00%+20,986+0.2%Added
Kohlberg Kravis Roberts & Co. L.P.10,000,001$109.7M2.48%00.0%Unchanged
Vanguard Group Inc6,306,998$68.1M0.00%−143,027−2.2%Reduced
Nan Shan Life Insurance Co., Ltd.3,079,453$33.3M0.78%00.0%Unchanged
State Street Corp2,226,463$24.6M0.00%−90,075−3.9%Reduced
Geode Capital Management, LLC1,383,269$14.9M0.00%+9,584+0.7%Added
Mirae Asset Global ETFs Holdings Ltd.1,031,008$11.1M0.02%−14,765−1.4%Reduced
Morgan Stanley862,726$9.32M0.00%−65,848−7.1%Reduced
JPMorgan Chase & Co777,624$8.40M0.00%+48,749+6.7%Added
Northern Trust Corp671,024$7.25M0.00%−19,802−2.9%Reduced
Charles Schwab Investment Management Inc666,973$7.20M0.00%+29,112+4.6%Added
Voya Investment Management LLC655,492$7.08M0.00%+394,090+150.8%Added
Wellington Management Group LLP560,847$6.06M0.00%+31,097+5.9%Added
Price T Rowe Associates Inc487,177$5.26M0.00%+9,544+2.0%Added
Stephens Inc473,627$5.12M0.07%−92,408−16.3%Reduced
Invesco Ltd.437,843$4.73M0.00%−278,794−38.9%Reduced
D. E. Shaw & Co., Inc.405,107$4.38M0.01%+85,877+26.9%Added
Van Eck Associates Corp369,543$3.99M0.01%−46,930−11.3%Reduced
Citadel Advisors LLC357,935$3.87M0.00%−75,595−17.4%Reduced
Millennium Management LLC353,216$3.81M0.00%+72,566+25.9%Added
Bank of New York Mellon Corp343,622$3.71M0.00%−11,534−3.2%Reduced
rhino investment partners, Inc296,668$3.20M0.79%+200,244+207.7%Added
Marshall Wace, LLP293,757$3.17M0.00%+256,061+679.3%Added
Two Sigma Investments, LP291,136$3.14M0.01%+232,111+393.2%Added
Principal Financial Group Inc287,754$3.11M0.00%+3,857+1.4%Added
Steward Partners Investment Advisory, LLC276,376$2.98M0.03%+276,376New
Condor Capital Management270,093$2.92M0.27%+18,820+7.5%Added
BI Asset Management Fondsmaeglerselskab A/S234,707$2.54M0.03%+12,392+5.6%Added
Goldman Sachs Group Inc224,697$2.43M0.00%−53,256−19.2%Reduced
GFS Advisors, LLC212,720$2.30M0.46%−220−0.1%Reduced
Nuveen, LLC207,512$2.24M0.00%+207,512New
UBS Asset Management Americas Inc204,589$2.21M0.00%+155,553+317.2%Added
FMR LLC198,133$2.14M0.00%+21,540+12.2%Added
Two Sigma Advisers, LP192,500$2.08M0.00%+171,500+816.7%Added
Public Sector Pension Investment Board183,023$1.98M0.01%+37,191+25.5%Added
Jane Street Group, LLC172,162$1.86M0.00%+72,140+72.1%Added
Algert Global LLC170,876$1.85M0.05%−9,800−5.4%Reduced
Rhumbline Advisers166,158$1.79M0.00%−8,934−5.1%Reduced
AXS Investments LLC164,623$1.78M0.49%+12,764+8.4%Added
Wells Fargo & Company162,925$1.76M0.00%+4,256+2.7%Added
Prevail Innovative Wealth Advisors, LLC162,286$1.75M0.47%+8,895+5.8%Added
Legal & General Group Plc156,404$1.69M0.00%−11,551−6.9%Reduced
Bank of America Corp125,909$1.36M0.00%+47,879+61.4%Added
Ameriprise Financial Inc124,559$1.35M0.00%−8,449−6.4%Reduced
UBS Group AG123,036$1.33M0.00%−92,573−42.9%Reduced
Dark Forest Capital Management LP122,506$1.32M0.06%+92,738+311.5%Added
Susquehanna International Group, LLP117,676$1.27M0.00%+39,145+49.8%Added
Swiss National Bank115,700$1.25M0.00%00.0%Unchanged
Balyasny Asset Management LLC114,427$1.24M0.00%−730,183−86.5%Reduced
LPL Financial LLC110,752$1.20M0.00%+10,702+10.7%Added
Drive Wealth Management, LLC105,943$1.17M0.27%+21,225+25.1%Added
GP Brinson Investments LLC104,706$1.13M0.50%−96,442−47.9%Reduced
Quest Partners LLC102,472$1.11M0.12%+102,472New
Penserra Capital Management LLC96,632$1.04M0.02%+16,804+21.1%Added
Citigroup Inc89,684$968.6K0.00%+645+0.7%Added
Cura Wealth Advisors, LLC86,300$932.0K0.38%+11,000+14.6%Added
Raymond James Financial Inc83,475$901.5K0.00%−98,161−54.0%Reduced
Wedbush Securities Inc80,386$868.0K0.03%+1,199+1.5%Added
Barclays PLC77,186$833.6K0.00%−27,432−26.2%Reduced
Graham Capital Management, L.P.77,063$832.3K0.03%+32,374+72.4%Added
Royal Bank of Canada73,344$792.0K0.00%−829−1.1%Reduced
Lido Advisors, LLC68,744$759.6K0.00%00.0%Unchanged
XTX Topco Ltd61,587$665.1K0.03%+29,344+91.0%Added
Transce3nd, LLC61,264$659.9K0.29%+4,610+8.1%Added
Stifel Financial Corp60,408$652.4K0.00%−77,092−56.1%Reduced
Prudential Financial Inc56,413$609.3K0.00%−3,490−5.8%Reduced
Alliancebernstein L.P.55,630$600.8K0.00%00.0%Unchanged
Great West Life Assurance Co55,436$598.0K0.00%−22,818−29.2%Reduced
California State Teachers Retirement System55,011$594.1K0.00%00.0%Unchanged
Gamco Investors, Inc. Et Al50,000$540.0K0.01%00.0%Unchanged
Fox Run Management, L.L.C.48,937$528.5K0.08%+25,638+110.0%Added
Deutsche Bank AG48,777$526.8K0.00%−5,745−10.5%Reduced
Ensign Peak Advisors, Inc48,122$519.7K0.00%00.0%Unchanged
Intech Investment Management LLC47,931$517.7K0.01%+14,753+44.5%Added
Cubist Systematic Strategies, LLC46,835$505.8K0.01%+17,817+61.4%Added
Advisor Group Holdings, Inc.45,168$487.9K0.00%+4,721+11.7%Added
Y-Intercept (Hong Kong) Ltd44,925$485.2K0.03%+29,161+185.0%Added
Thrivent Financial for Lutherans42,396$458.0K0.00%−2,776−6.1%Reduced
Manufacturers Life Insurance Company, The41,183$444.8K0.00%−792−1.9%Reduced
Engineers Gate Manager LP40,225$434.4K0.01%+29,908+289.9%Added
Renaissance Technologies LLC37,800$408.2K0.00%+16,700+79.1%Added
XML Financial, LLC37,400$403.9K0.04%−584−1.5%Reduced
MetLife Investment Management36,940$399.0K0.00%−697−1.9%Reduced
Westbourne Investments, Inc.36,600$395.3K0.24%+36,600New
Sophron Capital Management L.P.36,379$392.9K0.13%+36,379New
Wiley Bros.-Aintree Capital, LLC32,632$357.0K0.00%+2,712+9.1%Added
Nebula Research & Development LLC32,032$345.9K0.03%+32,032New
State of Alaska, Department of Revenue31,982$345.0K0.00%−1,232−3.7%Reduced
Campbell & CO Investment Adviser LLC31,700$342.4K0.03%+31,700New
1776 Wealth LLC31,511$340.3K0.16%00.0%Unchanged
Corebridge Financial, Inc.30,663$331.2K0.00%−624−2.0%Reduced
Illinois Municipal Retirement Fund29,957$323.5K0.00%−1,754−5.5%Reduced
Janus Henderson Group PLC28,536$311.8K0.00%00.0%Unchanged
Louisiana State Employees Retirement System27,200$293.8K0.01%−1,100−3.9%Reduced
Caxton Associates LLP26,678$288.1K0.01%+26,678New
Aigen Investment Management, LP26,189$282.8K0.05%+26,189New
State of Tennessee, Treasury Department26,124$282.1K0.00%00.0%Unchanged
Comerica Bank25,646$277.0K0.00%−706−2.7%Reduced
New York State Teachers Retirement System23,401$253.0K0.00%00.0%Unchanged
Yousif Capital Management, LLC21,568$232.9K0.00%−801−3.6%Reduced