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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, 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
49.1M
+322.2K (+0.7%) vs. Q2 2025
Total value
$442.8M
+$14.1M (+3.3%) vs. Q2 2025
New holders
26
57 more added
Sold out
22
67 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: $442.8M
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, 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
Quadrature Capital Ltd18,631$168.1K0.00%+18,631New
Creative Planning18,341$165.1K0.00%+6,065+49.4%Added
Inceptionr LLC17,674$159.1K0.04%+17,674New
Police & Firemen's Retirement System of New Jersey17,212$154.9K0.00%+3,746+27.8%Added
Arizona State Retirement System17,056$153.5K0.00%+10+0.1%Added
Yousif Capital Management, LLC16,969$152.7K0.00%−4,599−21.3%Reduced
Amalgamated Bank16,857$152.0K0.00%+563+3.5%Added
Mercer Global Advisors Inc16,837$151.5K0.00%+16,837New
State Board of Administration of Florida Retirement System16,821$151.4K0.00%00.0%Unchanged
Teachers Retirement System of the State of Kentucky16,262$147.0K0.00%−2,584−13.7%Reduced
Westbourne Investments, Inc.18,000$146.5K0.07%+3,000+20.0%Added
SG Americas Securities, LLC15,947$144.0K0.00%+15,947New
Franklin Resources Inc14,903$134.1K0.00%+14,903New
Wealth Enhancement Advisory Services, LLC14,602$126.0K0.00%+14,602New
Commonwealth of Pennsylvania Public School Empls Retrmt Sys13,882$124.9K0.00%−741−5.1%Reduced
New York State Common Retirement Fund13,037$117.3K0.00%00.0%Unchanged
Verition Fund Management LLC13,018$117.2K0.00%−3,498−21.2%Reduced
Fox Run Management, L.L.C.12,875$115.9K0.02%−15,324−54.3%Reduced
Oregon Public Employees Retirement Fund12,243$110.2K0.00%−800−6.1%Reduced
STRS Ohio11,400$102.6K0.00%00.0%Unchanged
ProShare Advisors LLC10,715$96.4K0.00%−2,032−15.9%Reduced
Aigen Investment Management, LP10,514$94.6K0.01%+10,514New
Victory Capital Management Inc10,342$93.1K0.00%−961−8.5%Reduced
Wiley Bros.-Aintree Capital, LLC10,330$93.0K0.00%−17,792−63.3%Reduced
KLP Kapitalforvaltning AS9,300$85.7K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC9,202$85.6K0.00%−1,621−15.0%Reduced
Parallel Advisors, LLC7,009$63.1K0.00%+7,000+77,777.8%Added
Russell Investments Group, Ltd.6,851$61.7K0.00%+5,995+700.4%Added
Cloud Capital Management, LLC5,264$48.0K0.03%+5,264New
Ameritas Investment Partners, Inc.4,773$43.0K0.00%−1,083−18.5%Reduced
Allworth Financial LP4,669$42.0K0.00%+304+7.0%Added
Geneos Wealth Management Inc.4,450$40.0K0.00%+1,000+29.0%Added
Versant Capital Management, Inc4,047$36.4K0.00%−110−2.6%Reduced
Sterling Capital Management LLC3,942$35.5K0.00%+2,400+155.6%Added
Ensign Peak Advisors, Inc3,872$34.8K0.00%−34,800−90.0%Reduced
EverSource Wealth Advisors, LLC3,339$30.1K0.00%−812−19.6%Reduced
Larson Financial Group LLC2,793$25.1K0.00%+1,190+74.2%Added
Tower Research Capital LLC (TRC)2,604$23.4K0.00%−3,128−54.6%Reduced
Public Employees Retirement System of Ohio2,179$19.6K0.00%+131+6.4%Added
Essential Partners LLC2,003$18.0K0.01%+1,580+373.5%Added
Future Financial Wealth Managment LLC2,000$18.0K0.01%00.0%Unchanged
Steward Partners Investment Advisory, LLC1,476$13.3K0.00%−293,035−99.5%Reduced
The PNC Financial Services Group, Inc.1,271$11.4K0.00%+398+45.6%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,270$11.0K0.00%00.0%Unchanged
GHP Investment Advisors, Inc.1,196$10.8K0.00%+1,196New
Transce3nd, LLC982$10.6K0.09%−67,629−98.6%Reduced
Chilton Capital Management LLC1,000$9.00K0.00%00.0%Unchanged
Hantz Financial Services, Inc.998$9.00K0.00%+752+305.7%Added
Chung Wu Investment Group, LLC500$4.50K0.00%00.0%Unchanged
IFP Advisors, Inc487$4.38K0.00%−918−65.3%Reduced
GAMMA Investing LLC425$3.83K0.00%−146−25.6%Reduced
Advisory Services Network, LLC415$3.74K0.00%+415New
US Bancorp408$3.67K0.00%+178+77.4%Added
Fifth Third Bancorp401$3.61K0.00%+106+35.9%Added
MAI Capital Management358$3.22K0.00%−200−35.8%Reduced
Vermillion Wealth Management, Inc.326$2.93K0.00%+326New
Rockefeller Capital Management L.P.215$1.94K0.00%+215New
Rothschild Investment LLC213$1.92K0.00%+3+1.4%Added
True Wealth Design, LLC207$1.86K0.00%+194+1,492.3%Added
Umb Bank N A137$1.23K0.00%−50−26.7%Reduced
Quadrant Capital Group LLC134$1.21K0.00%+134New
Simplex Trading, LLC137$1.00K0.00%−40,321−99.7%Reduced
Bessemer Group Inc110$1.00K0.00%−41−27.2%Reduced
Salomon & Ludwin, LLC83$7510.00%+83New
Parkside Financial Bank & Trust67$6030.00%00.0%Unchanged
Massmutual Trust Co FSB61$5490.00%−44−41.9%Reduced
Clearstead Advisors, LLC51$4590.00%+30+142.9%Added
Smartleaf Asset Management LLC40$3660.00%00.0%Unchanged
Farmers & Merchants Investments Inc40$3600.00%00.0%Unchanged
Farther Finance Advisors, LLC33$2970.00%−207−86.3%Reduced
Atlantic Trust, LLC24$2160.00%00.0%Unchanged
Huntington National Bank1$90.00%00.0%Unchanged
Covestor Ltd9$00.00%−1−10.0%Reduced
Balyasny Asset Management LLC0$00.00%−536,084−100.0%Sold out
AXS Investments LLC0$00.00%−149,002−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−119,800−100.0%Sold out
Sophron Capital Management L.P.0$00.00%−57,138−100.0%Sold out
Polymer Capital Management (US) LLC0$00.00%−45,869−100.0%Sold out
Teacher Retirement System of Texas0$00.00%−35,063−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−27,387−100.0%Sold out
Quantbot Technologies LP0$00.00%−26,640−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−25,018−100.0%Sold out
Jain Global LLC0$00.00%−19,309−100.0%Sold out
Maryland State Retirement & Pension System0$00.00%−16,843−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−14,271−100.0%Sold out
Group One Trading, L.P.0$00.00%−12,133−100.0%Sold out
State of Wyoming0$00.00%−10,528−100.0%Sold out
Diversified Trust Co0$00.00%−10,000−100.0%Sold out
Arlington Trust Co LLC0$00.00%−3,400−100.0%Sold out
Skopos Labs, Inc.0$00.00%−1,389−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−1,303−100.0%Sold out
Harbour Investments, Inc.0$00.00%−608−100.0%Sold out
Harbor Capital Advisors, Inc.0$00.00%−167−100.0%Sold out
Signaturefd, LLC0$00.00%−59−100.0%Sold out
Caitong International Asset Management Co., Ltd0$00.00%−45−100.0%Sold out
Atria Wealth Solutions, Inc.––––Not filed