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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, Q2 2025

Institutional positions in KKR Real Estate Finance Trust Inc. as of Jun 30, 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
170
−7 vs. Q1 2025
Shares held
48.9M
−1.34M (−2.7%) vs. Q1 2025
Total value
$429.9M
−$115.5M (−21.2%) vs. Q1 2025
New holders
21
58 more added
Sold out
28
63 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 170 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 heldQ2 2025: $429.9M
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, Q2 2025

Shares, value and share of portfolio for each institution holding KKR Real Estate Finance Trust Inc.; share changes are against Q1 2025.

Institutions holding KREF in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Kohlberg Kravis Roberts & Co. L.P.10,000,001$87.7M1.81%00.0%Unchanged
BlackRock, Inc.9,661,434$84.7M0.00%−637,805−6.2%Reduced
Vanguard Group Inc5,222,953$45.8M0.00%−1,084,045−17.2%Reduced
Nan Shan Life Insurance Co., Ltd.3,060,384$26.8M0.60%−19,069−0.6%Reduced
State Street Corp2,243,266$20.2M0.00%+16,803+0.8%Added
Geode Capital Management, LLC1,361,399$11.9M0.00%−21,870−1.6%Reduced
Mirae Asset Global ETFs Holdings Ltd.1,115,655$9.78M0.02%+84,647+8.2%Added
Morgan Stanley887,366$7.78M0.00%+24,640+2.9%Added
Invesco Ltd.841,503$7.38M0.00%+403,660+92.2%Added
Charles Schwab Investment Management Inc756,218$6.63M0.00%+89,245+13.4%Added
JPMorgan Chase & Co707,297$6.20M0.00%−70,327−9.0%Reduced
Northern Trust Corp641,125$5.62M0.00%−29,899−4.5%Reduced
Balyasny Asset Management LLC536,084$4.70M0.01%+421,657+368.5%Added
Wellington Management Group LLP535,986$4.70M0.00%−24,861−4.4%Reduced
D. E. Shaw & Co., Inc.508,960$4.46M0.00%+103,853+25.6%Added
Price T Rowe Associates Inc488,153$4.28M0.00%+976+0.2%Added
Stephens Inc443,858$3.89M0.05%−29,769−6.3%Reduced
Citadel Advisors LLC443,396$3.89M0.00%+85,461+23.9%Added
Van Eck Associates Corp364,235$3.19M0.00%−5,308−1.4%Reduced
Condor Capital Management344,625$3.02M0.26%+74,532+27.6%Added
Nokomis Capital, L.L.C.340,393$2.99M1.25%+340,393New
Voya Investment Management LLC340,135$2.98M0.00%−315,357−48.1%Reduced
Bank of New York Mellon Corp333,752$2.93M0.00%−9,870−2.9%Reduced
Bank of America Corp312,596$2.74M0.00%+186,687+148.3%Added
Steward Partners Investment Advisory, LLC294,511$2.58M0.02%+18,135+6.6%Added
Principal Financial Group Inc282,426$2.48M0.00%−5,328−1.9%Reduced
Two Sigma Investments, LP261,788$2.30M0.00%−29,348−10.1%Reduced
Royal Bank of Canada261,212$2.29M0.00%+187,868+256.1%Added
Nuveen, LLC251,583$2.21M0.00%+44,071+21.2%Added
BI Asset Management Fondsmaeglerselskab A/S234,707$2.06M0.02%00.0%Unchanged
Renaissance Technologies LLC224,947$1.97M0.00%+187,147+495.1%Added
FMR LLC220,588$1.93M0.00%+22,455+11.3%Added
GFS Advisors, LLC212,720$1.87M0.26%00.0%Unchanged
Prudential Financial Inc204,308$1.79M0.00%+147,895+262.2%Added
AQR Capital Management LLC197,839$1.74M0.00%+197,839New
Public Sector Pension Investment Board194,133$1.70M0.01%+11,110+6.1%Added
Goldman Sachs Group Inc185,910$1.63M0.00%−38,787−17.3%Reduced
UBS Group AG173,045$1.52M0.00%+50,009+40.6%Added
Algert Global LLC170,876$1.50M0.03%00.0%Unchanged
Wells Fargo & Company167,732$1.47M0.00%+4,807+3.0%Added
Rhumbline Advisers166,962$1.46M0.00%+804+0.5%Added
Legal & General Group Plc155,467$1.36M0.00%−937−0.6%Reduced
AXS Investments LLC149,002$1.31M0.54%−15,621−9.5%Reduced
Drive Wealth Management, LLC119,601$1.08M0.24%+13,658+12.9%Added
Two Sigma Advisers, LP119,800$1.05M0.00%−72,700−37.8%Reduced
Penserra Capital Management LLC114,349$1.00M0.01%+17,717+18.3%Added
Ameriprise Financial Inc112,298$986.3K0.00%−12,261−9.8%Reduced
LPL Financial LLC111,865$981.1K0.00%+1,113+1.0%Added
Swiss National Bank111,500$977.9K0.00%−4,200−3.6%Reduced
Barclays PLC107,912$946.4K0.00%+30,726+39.8%Added
GP Brinson Investments LLC104,706$918.3K0.39%00.0%Unchanged
Cura Wealth Advisors, LLC90,300$791.9K0.37%+4,000+4.6%Added
Susquehanna International Group, LLP83,220$729.8K0.00%−34,456−29.3%Reduced
Wedbush Securities Inc78,291$687.0K0.02%−2,095−2.6%Reduced
Lighthouse Investment Partners, LLC76,785$673.4K0.03%+76,785New
Raymond James Financial Inc72,678$637.4K0.00%−10,797−12.9%Reduced
Lido Advisors, LLC68,744$620.1K0.00%00.0%Unchanged
Transce3nd, LLC68,611$602.2K0.25%+7,347+12.0%Added
Graham Capital Management, L.P.65,490$574.3K0.02%−11,573−15.0%Reduced
1832 Asset Management L.P.65,000$570.0K0.00%+65,000New
Y-Intercept (Hong Kong) Ltd64,279$563.7K0.01%+19,354+43.1%Added
UBS Asset Management Americas Inc61,708$541.2K0.00%−142,881−69.8%Reduced
Stifel Financial Corp60,194$527.9K0.00%−214−0.4%Reduced
Intech Investment Management LLC59,620$522.9K0.00%+11,689+24.4%Added
Sophron Capital Management L.P.57,138$501.1K0.15%+20,759+57.1%Added
Alliancebernstein L.P.55,630$487.9K0.00%00.0%Unchanged
California State Teachers Retirement System55,011$482.4K0.00%00.0%Unchanged
Citigroup Inc54,157$475.0K0.00%−35,527−39.6%Reduced
Gamco Investors, Inc. Et Al50,000$438.5K0.00%00.0%Unchanged
Great West Life Assurance Co49,650$435.0K0.00%−5,786−10.4%Reduced
Polymer Capital Management (US) LLC45,869$402.3K0.07%+45,869New
Manufacturers Life Insurance Company, The43,885$384.9K0.00%+2,702+6.6%Added
Advisor Group Holdings, Inc.42,277$370.8K0.00%−2,891−6.4%Reduced
Thrivent Financial for Lutherans41,881$367.0K0.00%−515−1.2%Reduced
Simplex Trading, LLC40,458$354.0K0.01%+25,682+173.8%Added
Deutsche Bank AG39,527$346.7K0.00%−9,250−19.0%Reduced
Ensign Peak Advisors, Inc38,672$339.2K0.00%−9,450−19.6%Reduced
MetLife Investment Management36,940$324.0K0.00%00.0%Unchanged
Teacher Retirement System of Texas35,063$307.5K0.00%+20,083+134.1%Added
State of Alaska, Department of Revenue33,895$296.0K0.00%+1,913+6.0%Added
1776 Wealth LLC31,511$276.4K0.11%00.0%Unchanged
XML Financial, LLC30,900$271.0K0.02%−6,500−17.4%Reduced
Illinois Municipal Retirement Fund29,217$256.2K0.00%−740−2.5%Reduced
Janus Henderson Group PLC28,536$250.1K0.00%00.0%Unchanged
Fox Run Management, L.L.C.28,199$247.3K0.04%−20,738−42.4%Reduced
Wiley Bros.-Aintree Capital, LLC28,122$246.6K0.00%−4,510−13.8%Reduced
Brevan Howard Capital Management LP27,387$240.2K0.00%+27,387New
Quantbot Technologies LP26,640$233.6K0.01%+26,640New
Louisiana State Employees Retirement System26,600$233.3K0.00%−600−2.2%Reduced
Comerica Bank25,571$224.3K0.00%−75−0.3%Reduced
Qube Research & Technologies Ltd25,018$219.4K0.00%+25,018New
New York State Teachers Retirement System23,401$205.0K0.00%00.0%Unchanged
Abel Hall, LLC23,081$202.4K0.09%+11,588+100.8%Added
Cerity Partners LLC22,984$201.6K0.00%+22,984New
State of Tennessee, Treasury Department22,808$200.0K0.00%−3,316−12.7%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)22,129$194.1K0.00%+4,349+24.5%Added
Yousif Capital Management, LLC21,568$189.2K0.00%00.0%Unchanged
Whetstone Capital Advisors, LLC20,396$178.9K0.05%+4,439+27.8%Added
Quest Partners LLC20,365$178.6K0.02%−82,107−80.1%Reduced
Jain Global LLC19,309$169.3K0.00%+19,309New