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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, Q3 2025

Institutional positions in KKR Real Estate Finance Trust Inc. as of Sep 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
173
+4 vs. Q2 2025
Shares held
49.7M
+767.8K (+1.6%) vs. Q2 2025
Total value
$448.0M
+$18.2M (+4.2%) vs. Q2 2025
New holders
26
58 more added
Sold out
22
66 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 173 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 heldQ3 2025: $448.0M
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, Q3 2025

Shares, value and share of portfolio for each institution holding KKR Real Estate Finance Trust Inc.; share changes are against Q2 2025.

Institutions holding KREF in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Kohlberg Kravis Roberts & Co. L.P.10,000,001$90.0M1.51%00.0%Unchanged
BlackRock, Inc.9,394,055$84.5M0.00%−267,379−2.8%Reduced
Vanguard Group Inc3,671,655$33.0M0.00%−1,551,298−29.7%Reduced
Nan Shan Life Insurance Co., Ltd.3,060,384$27.5M0.59%00.0%Unchanged
Long Pond Capital, LP2,321,672$20.9M1.51%+2,321,672New
State Street Corp2,209,865$20.4M0.00%−33,401−1.5%Reduced
Geode Capital Management, LLC1,344,069$12.1M0.00%−17,330−1.3%Reduced
Mirae Asset Global ETFs Holdings Ltd.1,201,066$10.8M0.02%+85,411+7.7%Added
JPMorgan Chase & Co1,152,418$10.4M0.00%+445,121+62.9%Added
Invesco Ltd.1,145,916$10.3M0.00%+304,413+36.2%Added
Charles Schwab Investment Management Inc906,002$8.15M0.00%+149,784+19.8%Added
Northern Trust Corp634,825$5.71M0.00%−6,300−1.0%Reduced
Morgan Stanley610,352$5.49M0.00%−277,014−31.2%Reduced
Nomura Holdings Inc579,131$5.21M0.02%+579,131New
Wellington Management Group LLP547,411$4.93M0.00%+11,425+2.1%Added
Price T Rowe Associates Inc496,666$4.47M0.00%+8,513+1.7%Added
Citadel Advisors LLC482,366$4.34M0.00%+38,970+8.8%Added
Nokomis Capital, L.L.C.461,838$4.16M1.47%+121,445+35.7%Added
Goldman Sachs Group Inc404,060$3.64M0.00%+218,150+117.3%Added
AQR Capital Management LLC377,814$3.40M0.00%+179,975+91.0%Added
Condor Capital Management374,058$3.37M0.28%+29,433+8.5%Added
Van Eck Associates Corp359,295$3.23M0.00%−4,940−1.4%Reduced
Bank of New York Mellon Corp322,796$2.91M0.00%−10,956−3.3%Reduced
Voya Investment Management LLC314,659$2.83M0.00%−25,476−7.5%Reduced
Prudential Financial Inc293,358$2.64M0.00%+89,050+43.6%Added
Nuveen, LLC289,923$2.61M0.00%+38,340+15.2%Added
BI Asset Management Fondsmaeglerselskab A/S287,061$2.58M0.02%+52,354+22.3%Added
Bank of America Corp282,620$2.54M0.00%−29,976−9.6%Reduced
Stephens Inc267,658$2.41M0.03%−176,200−39.7%Reduced
Principal Financial Group Inc263,476$2.37M0.00%−18,950−6.7%Reduced
UBS Group AG258,575$2.33M0.00%+85,530+49.4%Added
FMR LLC242,264$2.18M0.00%+21,676+9.8%Added
GFS Advisors, LLC216,170$1.95M0.25%+3,450+1.6%Added
Public Sector Pension Investment Board212,654$1.91M0.01%+18,521+9.5%Added
D. E. Shaw & Co., Inc.196,900$1.77M0.00%−312,060−61.3%Reduced
Wells Fargo & Company189,123$1.70M0.00%+21,391+12.8%Added
Algert Global LLC170,626$1.54M0.03%−250−0.1%Reduced
Millennium Management LLC169,003$1.52M0.00%+169,003New
Prevail Innovative Wealth Advisors, LLC157,638$1.42M0.28%+157,638New
Legal & General Group Plc153,977$1.39M0.00%−1,490−1.0%Reduced
UBS Asset Management Americas Inc150,754$1.36M0.00%+89,046+144.3%Added
Rhumbline Advisers141,016$1.27M0.00%−25,946−15.5%Reduced
Penserra Capital Management LLC118,353$1.06M0.01%+4,004+3.5%Added
Swiss National Bank111,500$1.00M0.00%00.0%Unchanged
LPL Financial LLC110,465$994.2K0.00%−1,400−1.3%Reduced
Ameriprise Financial Inc108,040$975.4K0.00%−4,258−3.8%Reduced
GP Brinson Investments LLC104,706$942.4K0.38%00.0%Unchanged
Cura Wealth Advisors, LLC98,696$888.3K0.34%+8,396+9.3%Added
Raymond James Financial Inc90,934$818.4K0.00%+18,256+25.1%Added
Two Sigma Investments, LP88,839$799.6K0.00%−172,949−66.1%Reduced
Lighthouse Investment Partners, LLC87,772$789.9K0.03%+10,987+14.3%Added
Renaissance Technologies LLC83,674$753.1K0.00%−141,273−62.8%Reduced
Barclays PLC82,115$739.0K0.00%−25,797−23.9%Reduced
Wedbush Securities Inc81,325$732.0K0.02%+3,034+3.9%Added
Royal Bank of Canada76,723$691.0K0.00%−184,489−70.6%Reduced
Dark Forest Capital Management LP74,308$668.8K0.03%+74,308New
Stifel Financial Corp72,461$652.1K0.00%+12,267+20.4%Added
Lido Advisors, LLC68,716$635.6K0.00%−280.0%Reduced
Y-Intercept (Hong Kong) Ltd61,636$554.7K0.01%−2,643−4.1%Reduced
Alliancebernstein L.P.55,610$500.5K0.00%−200.0%Reduced
Intech Investment Management LLC55,193$496.7K0.00%−4,427−7.4%Reduced
California State Teachers Retirement System54,309$488.8K0.00%−702−1.3%Reduced
Graham Capital Management, L.P.53,793$484.1K0.02%−11,697−17.9%Reduced
Great West Life Assurance Co49,650$455.0K0.00%00.0%Unchanged
Gamco Investors, Inc. Et Al50,000$450.0K0.00%00.0%Unchanged
Ieq Capital, LLC49,845$448.6K0.00%+49,845New
Advisor Group Holdings, Inc.45,506$438.0K0.00%+3,229+7.6%Added
Soltis Investment Advisors LLC48,452$436.1K0.03%+48,452New
XTX Topco Ltd47,879$430.9K0.02%+47,879New
Jane Street Group, LLC47,311$425.8K0.00%+47,311New
BNP Paribas Arbitrage, SA47,143$424.3K0.00%+41,291+705.6%Added
Caxton Associates LLP45,265$407.4K0.01%+32,348+250.4%Added
Quantinno Capital Management LP42,703$384.3K0.00%+24,537+135.1%Added
Manufacturers Life Insurance Company, The41,949$377.5K0.00%−1,936−4.4%Reduced
Deutsche Bank AG39,939$359.5K0.00%+412+1.0%Added
Thrivent Financial for Lutherans39,326$354.0K0.00%−2,555−6.1%Reduced
MetLife Investment Management31,964$287.7K0.00%−4,976−13.5%Reduced
1776 Wealth LLC31,511$283.6K0.11%00.0%Unchanged
FourThought Financial Partners, LLC31,326$281.9K0.02%+31,326New
Illinois Municipal Retirement Fund29,517$265.7K0.00%+300+1.0%Added
XML Financial, LLC28,950$260.6K0.02%−1,950−6.3%Reduced
Janus Henderson Group PLC28,536$257.3K0.00%00.0%Unchanged
Cerity Partners LLC27,528$247.8K0.00%+4,544+19.8%Added
State of Alaska, Department of Revenue27,429$246.0K0.00%−6,466−19.1%Reduced
Drive Wealth Management, LLC25,141$232.6K0.05%−94,460−79.0%Reduced
1832 Asset Management L.P.25,752$231.8K0.00%−39,248−60.4%Reduced
Louisiana State Employees Retirement System25,100$225.9K0.00%−1,500−5.6%Reduced
Mariner, LLC24,942$224.5K0.00%+13,772+123.3%Added
Susquehanna International Group, LLP24,387$219.5K0.00%−58,833−70.7%Reduced
SRS Capital Advisors, Inc.24,230$218.1K0.00%+24,230New
Whetstone Capital Advisors, LLC24,209$217.9K0.06%+3,813+18.7%Added
State of Tennessee, Treasury Department24,197$217.8K0.00%+1,389+6.1%Added
ExodusPoint Capital Management, LP23,876$214.9K0.00%+23,876New
New York State Teachers Retirement System23,401$211.0K0.00%00.0%Unchanged
Abel Hall, LLC22,839$205.6K0.08%−242−1.0%Reduced
Quest Partners LLC22,720$204.5K0.01%+2,355+11.6%Added
Zurcher Kantonalbank (Zurich Cantonalbank)22,129$199.2K0.00%00.0%Unchanged
Comerica Bank20,972$188.7K0.00%−4,599−18.0%Reduced
CWM, LLC20,575$185.0K0.00%+9,129+79.8%Added
Citigroup Inc19,788$178.1K0.00%−34,369−63.5%Reduced