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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
Teachers Retirement System of the State of Kentucky18,846$165.0K0.00%00.0%Unchanged
Quantinno Capital Management LP18,166$159.3K0.00%+18,166New
Arizona State Retirement System17,046$149.5K0.00%+83+0.5%Added
Maryland State Retirement & Pension System16,843$147.7K0.00%00.0%Unchanged
State Board of Administration of Florida Retirement System16,821$147.5K0.00%00.0%Unchanged
Verition Fund Management LLC16,516$144.8K0.00%+16,516New
Amalgamated Bank16,294$143.0K0.00%−234−1.4%Reduced
Westbourne Investments, Inc.15,000$131.6K0.07%−21,600−59.0%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys14,623$128.2K0.00%+810+5.9%Added
Dynamic Technology Lab Private Ltd14,271$125.0K0.02%+14,271New
Police & Firemen's Retirement System of New Jersey13,466$118.1K0.00%+1,457+12.1%Added
Oregon Public Employees Retirement Fund13,043$114.4K0.00%−200−1.5%Reduced
New York State Common Retirement Fund13,037$114.3K0.00%00.0%Unchanged
Caxton Associates LLP12,917$113.3K0.00%−13,761−51.6%Reduced
ProShare Advisors LLC12,747$111.8K0.00%−1,074−7.8%Reduced
Creative Planning12,276$107.7K0.00%−8,461−40.8%Reduced
Group One Trading, L.P.12,133$106.4K0.00%00.0%Unchanged
CWM, LLC11,446$100.0K0.00%+10,526+1,144.1%Added
STRS Ohio11,400$100.0K0.00%00.0%Unchanged
Victory Capital Management Inc11,303$99.1K0.00%−1,279−10.2%Reduced
Nisa Investment Advisors, LLC10,823$98.7K0.00%−4,235−28.1%Reduced
Mariner, LLC11,170$98.0K0.00%+11,170New
Atria Wealth Solutions, Inc.10,743$94.3K0.00%−254−2.3%Reduced
State of Wyoming10,528$92.3K0.01%+650+6.6%Added
Diversified Trust Co10,000$87.7K0.00%00.0%Unchanged
KLP Kapitalforvaltning AS9,300$83.5K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.5,856$51.4K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA5,852$51.3K0.00%−2,572−30.5%Reduced
Tower Research Capital LLC (TRC)5,732$50.3K0.00%+2,238+64.1%Added
Allworth Financial LP4,365$38.3K0.00%+4,256+3,904.6%Added
Versant Capital Management, Inc4,157$36.5K0.01%+1,166+39.0%Added
EverSource Wealth Advisors, LLC4,151$36.4K0.00%+3,658+742.0%Added
Geneos Wealth Management Inc.3,450$30.3K0.00%+1,725+100.0%Added
Arlington Trust Co LLC3,400$29.8K0.01%00.0%Unchanged
Public Employees Retirement System of Ohio2,048$18.0K0.00%−30−1.4%Reduced
Future Financial Wealth Managment LLC2,000$17.5K0.01%00.0%Unchanged
Larson Financial Group LLC1,603$14.1K0.00%+103+6.9%Added
Sterling Capital Management LLC1,542$13.5K0.00%+782+102.9%Added
IFP Advisors, Inc1,405$12.3K0.00%+409+41.1%Added
Skopos Labs, Inc.1,389$12.2K0.00%+1,054+314.6%Added
Ameritas Advisory Services, LLC1,303$11.4K0.00%+1,303New
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,270$11.0K0.00%+1,270New
Chilton Capital Management LLC1,000$8.77K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.873$7.66K0.00%−6,060−87.4%Reduced
Russell Investments Group, Ltd.856$7.50K0.00%+416+94.5%Added
Harbour Investments, Inc.608$5.33K0.00%+16+2.7%Added
GAMMA Investing LLC571$5.01K0.00%+71+14.2%Added
MAI Capital Management558$4.89K0.00%+558New
Chung Wu Investment Group, LLC500$4.38K0.00%+500New
Essential Partners LLC423$3.71K0.00%+423New
Fifth Third Bancorp295$2.59K0.00%−72−19.6%Reduced
Farther Finance Advisors, LLC240$2.10K0.00%−2,173−90.1%Reduced
US Bancorp230$2.02K0.00%−332−59.1%Reduced
Hantz Financial Services, Inc.246$2.00K0.00%+75+43.9%Added
Rothschild Investment LLC210$1.84K0.00%+55+35.5%Added
Umb Bank N A187$1.64K0.00%−161−46.3%Reduced
Bessemer Group Inc151$1.00K0.00%−312−67.4%Reduced
Harbor Capital Advisors, Inc.167$1.00K0.00%+3+1.8%Added
Massmutual Trust Co FSB105$9210.00%−68−39.3%Reduced
Parkside Financial Bank & Trust67$5890.00%+17+34.0%Added
Signaturefd, LLC59$5170.00%−247−80.7%Reduced
Caitong International Asset Management Co., Ltd45$3950.00%−4−8.2%Reduced
Smartleaf Asset Management LLC40$3600.00%−455−91.9%Reduced
Farmers & Merchants Investments Inc40$3510.00%00.0%Unchanged
Atlantic Trust, LLC24$2110.00%+24New
Clearstead Advisors, LLC21$1850.00%+21New
True Wealth Design, LLC13$1150.00%−1−7.1%Reduced
Parallel Advisors, LLC9$790.00%00.0%Unchanged
Huntington National Bank1$90.00%−365−99.7%Reduced
Covestor Ltd10$00.00%+3+42.9%Added
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