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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 $349.7M 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
50.0M
−543.2K (−1.1%) vs. Q4 2024
Total value
$541.8M
+$31.1M (+6.1%) vs. Q4 2024
New holders
25
63 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: $541.8M
Q1 2021: $891.5MQ2 2021: $990.2MQ3 2021: $967.5MQ4 2021: $1.01BQ1 2022: $1.07BQ2 2022: $901.8MQ3 2022: $857.2MQ4 2022: $742.3MQ1 2023: $602.7MQ2 2023: $614.9MQ3 2023: $590.7MQ4 2023: $646.9MQ1 2024: $500.3MQ2 2024: $448.4MQ3 2024: $628.5MQ4 2024: $513.0MQ1 2025: $541.8MQ2 2025: $428.7MQ3 2025: $442.8MQ4 2025: $422.0MQ1 2026: $308.0MQ2 2026: $349.7M
Institutions holding KREF and their total value by quarter
QuarterHoldersValue
Q2 2026154$349.7M
Q1 2026169$308.0M
Q4 2025164$422.0M
Q3 2025173$442.8M
Q2 2025170$428.7M
Q1 2025178$541.8M
Q4 2024171$513.0M
Q3 2024172$628.5M
Q2 2024150$448.4M
Q1 2024155$500.3M
Q4 2023160$646.9M
Q3 2023155$590.7M
Q2 2023155$614.9M
Q1 2023166$602.7M
Q4 2022167$742.3M
Q3 2022170$857.2M
Q2 2022177$901.8M
Q1 2022174$1.07B
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
Thrivent Financial for Lutherans42,396$458.0K0.00%−2,776−6.1%Reduced
Y-Intercept (Hong Kong) Ltd44,925$485.2K0.03%+29,161+185.0%Added
Advisor Group Holdings, Inc.45,168$487.9K0.00%+4,721+11.7%Added
Cubist Systematic Strategies, LLC46,835$505.8K0.01%+17,817+61.4%Added
Intech Investment Management LLC47,931$517.7K0.01%+14,753+44.5%Added
Ensign Peak Advisors, Inc48,122$519.7K0.00%00.0%Unchanged
Deutsche Bank AG48,777$526.8K0.00%−5,745−10.5%Reduced
Fox Run Management, L.L.C.48,937$528.5K0.08%+25,638+110.0%Added
Gamco Investors, Inc. Et Al50,000$540.0K0.01%00.0%Unchanged
California State Teachers Retirement System55,011$594.1K0.00%00.0%Unchanged
Great West Life Assurance Co55,436$598.0K0.00%−22,818−29.2%Reduced
Alliancebernstein L.P.55,630$600.8K0.00%00.0%Unchanged
Prudential Financial Inc56,413$609.3K0.00%−3,490−5.8%Reduced
Stifel Financial Corp60,408$652.4K0.00%−77,092−56.1%Reduced
Transce3nd, LLC61,264$659.9K0.29%+4,610+8.1%Added
XTX Topco Ltd61,587$665.1K0.03%+29,344+91.0%Added
Lido Advisors, LLC68,744$759.6K0.00%00.0%Unchanged
Royal Bank of Canada73,344$792.0K0.00%−829−1.1%Reduced
Graham Capital Management, L.P.77,063$832.3K0.03%+32,374+72.4%Added
Barclays PLC77,186$833.6K0.00%−27,432−26.2%Reduced
Wedbush Securities Inc80,386$868.0K0.03%+1,199+1.5%Added
Raymond James Financial Inc83,475$901.5K0.00%−98,161−54.0%Reduced
Cura Wealth Advisors, LLC86,300$932.0K0.38%+11,000+14.6%Added
Citigroup Inc89,684$968.6K0.00%+645+0.7%Added
Penserra Capital Management LLC96,632$1.04M0.02%+16,804+21.1%Added
Quest Partners LLC102,472$1.11M0.12%+102,472New
GP Brinson Investments LLC104,706$1.13M0.50%−96,442−47.9%Reduced
Drive Wealth Management, LLC105,943$1.17M0.27%+21,225+25.1%Added
LPL Financial LLC110,752$1.20M0.00%+10,702+10.7%Added
Balyasny Asset Management LLC114,427$1.24M0.00%−730,183−86.5%Reduced
Swiss National Bank115,700$1.25M0.00%00.0%Unchanged
Susquehanna International Group, LLP117,676$1.27M0.00%+39,145+49.8%Added
Dark Forest Capital Management LP122,506$1.32M0.06%+92,738+311.5%Added
UBS Group AG123,036$1.33M0.00%−92,573−42.9%Reduced
Ameriprise Financial Inc124,559$1.35M0.00%−8,449−6.4%Reduced
Bank of America Corp125,909$1.36M0.00%+47,879+61.4%Added
Legal & General Group Plc156,404$1.69M0.00%−11,551−6.9%Reduced
Prevail Innovative Wealth Advisors, LLC162,286$1.75M0.47%+8,895+5.8%Added
Wells Fargo & Company162,925$1.76M0.00%+4,256+2.7%Added
AXS Investments LLC164,623$1.78M0.49%+12,764+8.4%Added
Rhumbline Advisers166,158$1.79M0.00%−8,934−5.1%Reduced
Algert Global LLC170,876$1.85M0.05%−9,800−5.4%Reduced
Jane Street Group, LLC172,162$1.86M0.00%+72,140+72.1%Added
Public Sector Pension Investment Board183,023$1.98M0.01%+37,191+25.5%Added
Two Sigma Advisers, LP192,500$2.08M0.00%+171,500+816.7%Added
FMR LLC198,133$2.14M0.00%+21,540+12.2%Added
UBS Asset Management Americas Inc204,589$2.21M0.00%+155,553+317.2%Added
Nuveen, LLC207,512$2.24M0.00%+207,512New
GFS Advisors, LLC212,720$2.30M0.46%−220−0.1%Reduced
Goldman Sachs Group Inc224,697$2.43M0.00%−53,256−19.2%Reduced
BI Asset Management Fondsmaeglerselskab A/S234,707$2.54M0.03%+12,392+5.6%Added
Condor Capital Management270,093$2.92M0.27%+18,820+7.5%Added
Steward Partners Investment Advisory, LLC276,376$2.98M0.03%+276,376New
Principal Financial Group Inc287,754$3.11M0.00%+3,857+1.4%Added
Two Sigma Investments, LP291,136$3.14M0.01%+232,111+393.2%Added
Marshall Wace, LLP293,757$3.17M0.00%+256,061+679.3%Added
rhino investment partners, Inc296,668$3.20M0.79%+200,244+207.7%Added
Voya Investment Management LLC327,746$3.54M0.00%+66,344+25.4%Added
Bank of New York Mellon Corp343,622$3.71M0.00%−11,534−3.2%Reduced
Millennium Management LLC353,216$3.81M0.00%+72,566+25.9%Added
Citadel Advisors LLC357,935$3.87M0.00%−75,595−17.4%Reduced
Van Eck Associates Corp369,543$3.99M0.01%−46,930−11.3%Reduced
D. E. Shaw & Co., Inc.405,107$4.38M0.01%+85,877+26.9%Added
Invesco Ltd.437,843$4.73M0.00%−278,794−38.9%Reduced
Stephens Inc473,627$5.12M0.07%−92,408−16.3%Reduced
Price T Rowe Associates Inc487,177$5.26M0.00%+9,544+2.0%Added
Wellington Management Group LLP560,847$6.06M0.00%+31,097+5.9%Added
Charles Schwab Investment Management Inc666,973$7.20M0.00%+29,112+4.6%Added
Northern Trust Corp671,024$7.25M0.00%−19,802−2.9%Reduced
JPMorgan Chase & Co777,624$8.40M0.00%+48,749+6.7%Added
Morgan Stanley862,726$9.32M0.00%−65,848−7.1%Reduced
Mirae Asset Global ETFs Holdings Ltd.1,031,008$11.1M0.02%−14,765−1.4%Reduced
Geode Capital Management, LLC1,383,269$14.9M0.00%+9,584+0.7%Added
State Street Corp2,226,463$24.6M0.00%−90,075−3.9%Reduced
Nan Shan Life Insurance Co., Ltd.3,079,453$33.3M0.78%00.0%Unchanged
Vanguard Group Inc6,306,998$68.1M0.00%−143,027−2.2%Reduced
Kohlberg Kravis Roberts & Co. L.P.10,000,001$109.7M2.48%00.0%Unchanged
BlackRock, Inc.10,299,239$111.2M0.00%+20,986+0.2%Added
Gratia Capital, LLC0$00.00%−330,000−100.0%Sold out
1832 Asset Management L.P.0$00.00%−248,800−100.0%Sold out
Lighthouse Investment Partners, LLC0$00.00%−245,266−100.0%Sold out
Zacks Investment Management0$00.00%−216,102−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−92,770−100.0%Sold out
OmniStar Financial Group, Inc.0$00.00%−38,294−100.0%Sold out
Virtu Financial LLC0$00.00%−32,657−100.0%Sold out
Verition Fund Management LLC0$00.00%−26,518−100.0%Sold out
Squarepoint Ops LLC0$00.00%−19,707−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−18,040−100.0%Sold out
Cerity Partners LLC0$00.00%−12,366−100.0%Sold out
Sherbrooke Park Advisers LLC0$00.00%−11,811−100.0%Sold out
Gould Capital, LLC0$00.00%−752−100.0%Sold out
Nelson, Van Denburg & Campbell Wealth Management Group, LLC0$00.00%−625−100.0%Sold out
Cullen/Frost Bankers, Inc.0$00.00%−499−100.0%Sold out
Continuum Advisory, LLC0$00.00%−280−100.0%Sold out
Nuveen Asset Management, LLC––––Not filed
Caxton Associates LP––––Not filed