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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, 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
48.8M
−1.13M (−2.3%) vs. Q1 2025
Total value
$428.7M
−$113.1M (−20.9%) vs. Q1 2025
New holders
21
60 more added
Sold out
28
61 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: $428.7M
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, 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
Great West Life Assurance Co49,650$435.0K0.00%−5,786−10.4%Reduced
Gamco Investors, Inc. Et Al50,000$438.5K0.00%00.0%Unchanged
Citigroup Inc54,157$475.0K0.00%−35,527−39.6%Reduced
California State Teachers Retirement System55,011$482.4K0.00%00.0%Unchanged
Alliancebernstein L.P.55,630$487.9K0.00%00.0%Unchanged
Sophron Capital Management L.P.57,138$501.1K0.15%+20,759+57.1%Added
Intech Investment Management LLC59,620$522.9K0.00%+11,689+24.4%Added
Stifel Financial Corp60,194$527.9K0.00%−214−0.4%Reduced
UBS Asset Management Americas Inc61,708$541.2K0.00%−142,881−69.8%Reduced
Y-Intercept (Hong Kong) Ltd64,279$563.7K0.01%+19,354+43.1%Added
1832 Asset Management L.P.65,000$570.0K0.00%+65,000New
Graham Capital Management, L.P.65,490$574.3K0.02%−11,573−15.0%Reduced
Transce3nd, LLC68,611$602.2K0.25%+7,347+12.0%Added
Lido Advisors, LLC68,744$620.1K0.00%00.0%Unchanged
Raymond James Financial Inc72,678$637.4K0.00%−10,797−12.9%Reduced
Lighthouse Investment Partners, LLC76,785$673.4K0.03%+76,785New
Wedbush Securities Inc78,291$687.0K0.02%−2,095−2.6%Reduced
Susquehanna International Group, LLP83,220$729.8K0.00%−34,456−29.3%Reduced
Cura Wealth Advisors, LLC90,300$791.9K0.37%+4,000+4.6%Added
GP Brinson Investments LLC104,706$918.3K0.39%00.0%Unchanged
Barclays PLC107,912$946.4K0.00%+30,726+39.8%Added
Swiss National Bank111,500$977.9K0.00%−4,200−3.6%Reduced
LPL Financial LLC111,865$981.1K0.00%+1,113+1.0%Added
Ameriprise Financial Inc112,298$986.3K0.00%−12,261−9.8%Reduced
Penserra Capital Management LLC114,349$1.00M0.01%+17,717+18.3%Added
Two Sigma Advisers, LP119,800$1.05M0.00%−72,700−37.8%Reduced
Drive Wealth Management, LLC119,601$1.08M0.24%+13,658+12.9%Added
Royal Bank of Canada130,606$1.15M0.00%+57,262+78.1%Added
AXS Investments LLC149,002$1.31M0.54%−15,621−9.5%Reduced
Legal & General Group Plc155,467$1.36M0.00%−937−0.6%Reduced
Rhumbline Advisers166,962$1.46M0.00%+804+0.5%Added
Wells Fargo & Company167,732$1.47M0.00%+4,807+3.0%Added
Algert Global LLC170,876$1.50M0.03%00.0%Unchanged
UBS Group AG173,045$1.52M0.00%+50,009+40.6%Added
Goldman Sachs Group Inc185,910$1.63M0.00%−38,787−17.3%Reduced
Public Sector Pension Investment Board194,133$1.70M0.01%+11,110+6.1%Added
AQR Capital Management LLC197,839$1.74M0.00%+197,839New
Prudential Financial Inc204,308$1.79M0.00%+147,895+262.2%Added
GFS Advisors, LLC212,720$1.87M0.26%00.0%Unchanged
FMR LLC220,588$1.93M0.00%+22,455+11.3%Added
Renaissance Technologies LLC224,947$1.97M0.00%+187,147+495.1%Added
BI Asset Management Fondsmaeglerselskab A/S234,707$2.06M0.02%00.0%Unchanged
Nuveen, LLC251,583$2.21M0.00%+44,071+21.2%Added
Two Sigma Investments, LP261,788$2.30M0.00%−29,348−10.1%Reduced
Principal Financial Group Inc282,426$2.48M0.00%−5,328−1.9%Reduced
Steward Partners Investment Advisory, LLC294,511$2.58M0.02%+18,135+6.6%Added
Bank of America Corp312,596$2.74M0.00%+186,687+148.3%Added
Bank of New York Mellon Corp333,752$2.93M0.00%−9,870−2.9%Reduced
Voya Investment Management LLC340,135$2.98M0.00%+12,389+3.8%Added
Nokomis Capital, L.L.C.340,393$2.99M1.25%+340,393New
Condor Capital Management344,625$3.02M0.26%+74,532+27.6%Added
Van Eck Associates Corp364,235$3.19M0.00%−5,308−1.4%Reduced
Citadel Advisors LLC443,396$3.89M0.00%+85,461+23.9%Added
Stephens Inc443,858$3.89M0.05%−29,769−6.3%Reduced
Price T Rowe Associates Inc488,153$4.28M0.00%+976+0.2%Added
D. E. Shaw & Co., Inc.508,960$4.46M0.00%+103,853+25.6%Added
Wellington Management Group LLP535,986$4.70M0.00%−24,861−4.4%Reduced
Balyasny Asset Management LLC536,084$4.70M0.01%+421,657+368.5%Added
Northern Trust Corp641,125$5.62M0.00%−29,899−4.5%Reduced
JPMorgan Chase & Co707,297$6.20M0.00%−70,327−9.0%Reduced
Charles Schwab Investment Management Inc756,218$6.63M0.00%+89,245+13.4%Added
Invesco Ltd.841,503$7.38M0.00%+403,660+92.2%Added
Morgan Stanley887,366$7.78M0.00%+24,640+2.9%Added
Mirae Asset Global ETFs Holdings Ltd.1,115,655$9.78M0.02%+84,647+8.2%Added
Geode Capital Management, LLC1,361,399$11.9M0.00%−21,870−1.6%Reduced
State Street Corp2,243,266$20.2M0.00%+16,803+0.8%Added
Nan Shan Life Insurance Co., Ltd.3,060,384$26.8M0.60%−19,069−0.6%Reduced
Vanguard Group Inc5,222,953$45.8M0.00%−1,084,045−17.2%Reduced
BlackRock, Inc.9,661,434$84.7M0.00%−637,805−6.2%Reduced
Kohlberg Kravis Roberts & Co. L.P.10,000,001$87.7M1.81%00.0%Unchanged
Millennium Management LLC0$00.00%−353,216−100.0%Sold out
rhino investment partners, Inc0$00.00%−296,668−100.0%Sold out
Marshall Wace, LLP0$00.00%−293,757−100.0%Sold out
Jane Street Group, LLC0$00.00%−172,162−100.0%Sold out
Prevail Innovative Wealth Advisors, LLC0$00.00%−162,286−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−122,506−100.0%Sold out
XTX Topco Ltd0$00.00%−61,587−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−46,835−100.0%Sold out
Engineers Gate Manager LP0$00.00%−40,225−100.0%Sold out
Nebula Research & Development LLC0$00.00%−32,032−100.0%Sold out
Campbell & CO Investment Adviser LLC0$00.00%−31,700−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−30,663−100.0%Sold out
Aigen Investment Management, LP0$00.00%−26,189−100.0%Sold out
Quadrant Capital Group LLC0$00.00%−21,282−100.0%Sold out
SG Americas Securities, LLC0$00.00%−14,089−100.0%Sold out
CIBC World Markets Corp0$00.00%−13,045−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−12,000−100.0%Sold out
First Trust Advisors LP0$00.00%−11,068−100.0%Sold out
Bank of Montreal0$00.00%−10,337−100.0%Sold out
Acadian Asset Management LLC0$00.00%−6,192−100.0%Sold out
Quarry LP0$00.00%−2,585−100.0%Sold out
Aster Capital Management (DIFC) Ltd0$00.00%−307−100.0%Sold out
Amundi0$00.00%−134−100.0%Sold out
Private Wealth Management Group, LLC0$00.00%−55−100.0%Sold out
GoalVest Advisory LLC0$00.00%−40−100.0%Sold out
Stephens Consulting, LLC0$00.00%−35−100.0%Sold out
Truvestments Capital LLC0$00.00%−25−100.0%Sold out
Capital Advisors, Ltd. LLC0$00.00%−35−100.0%Sold out
Lindbrook Capital, LLC––––Not filed