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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, Q4 2025

Institutional positions in KKR Real Estate Finance Trust Inc. as of Dec 31, 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
164
−9 vs. Q3 2025
Shares held
51.2M
+2.06M (+4.2%) vs. Q3 2025
Total value
$422.0M
−$20.7M (−4.7%) vs. Q3 2025
New holders
19
49 more added
Sold out
28
73 more reduced

Compare with Q3 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 holdersQ4 2025: 164 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 heldQ4 2025: $422.0M
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, Q4 2025

Shares, value and share of portfolio for each institution holding KKR Real Estate Finance Trust Inc.; share changes are against Q3 2025.

Institutions holding KREF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital Advisors, Ltd. LLC22$00.00%+22New
Huntington National Bank1$80.00%00.0%Unchanged
Simplex Trading, LLC2$160.00%−135−98.5%Reduced
Clearstead Advisors, LLC13$1070.00%−38−74.5%Reduced
CIBC Private Wealth Group, LLC13$1070.00%+13New
Essential Partners LLC30$2470.00%−1,973−98.5%Reduced
Rockefeller Capital Management L.P.35$2880.00%−180−83.7%Reduced
Farmers & Merchants Investments Inc40$3290.00%00.0%Unchanged
Smartleaf Asset Management LLC40$3390.00%00.0%Unchanged
UBS Asset Management Americas Inc44$3620.00%−150,710−100.0%Reduced
Farther Finance Advisors, LLC53$4360.00%+20+60.6%Added
Financial Consulate, Inc55$4530.00%+55New
Massmutual Trust Co FSB61$5010.00%00.0%Unchanged
MAI Capital Management66$5430.00%−292−81.6%Reduced
Pinnacle Wealth Planning Services, Inc.71$5840.00%+71New
Rothschild Investment LLC98$8060.00%−115−54.0%Reduced
Fifth Third Bancorp106$8710.00%−295−73.6%Reduced
Covestor Ltd82$1.00K0.00%+73+811.1%Added
SRS Capital Advisors, Inc.188$1.55K0.00%−24,042−99.2%Reduced
IFP Advisors, Inc242$1.99K0.00%−245−50.3%Reduced
Salomon & Ludwin, LLC279$2.25K0.00%+196+236.1%Added
Los Angeles Capital Management LLC295$2.43K0.00%+295New
US Bancorp347$2.85K0.00%−61−15.0%Reduced
Quarry LP400$3.29K0.00%+400New
Umb Bank N A411$3.38K0.00%+274+200.0%Added
Triumph Capital Management450$3.70K0.00%+450New
Bessemer Group Inc494$4.00K0.00%+384+349.1%Added
Chung Wu Investment Group, LLC500$4.11K0.00%00.0%Unchanged
Kemnay Advisory Services Inc.835$6.86K0.00%+835New
Transce3nd, LLC931$7.63K0.06%−51−5.2%Reduced
Chilton Capital Management LLC1,000$8.22K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC1,342$11.0K0.00%−1,997−59.8%Reduced
Larson Financial Group LLC1,500$12.3K0.00%−1,293−46.3%Reduced
International Assets Investment Management, LLC1,750$14.4K0.00%+1,750New
GAMMA Investing LLC1,891$15.5K0.00%+1,466+344.9%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.2,001$16.0K0.00%+731+57.6%Added
Public Employees Retirement System of Ohio2,285$18.8K0.00%+106+4.9%Added
Hantz Financial Services, Inc.3,099$25.0K0.00%+2,101+210.5%Added
Sterling Capital Management LLC3,105$25.5K0.00%−837−21.2%Reduced
The PNC Financial Services Group, Inc.3,537$29.1K0.00%+2,266+178.3%Added
Tower Research Capital LLC (TRC)3,732$30.7K0.00%+1,128+43.3%Added
Allworth Financial LP4,232$34.8K0.00%−437−9.4%Reduced
Geneos Wealth Management Inc.4,450$36.6K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.4,773$39.2K0.00%00.0%Unchanged
Versant Capital Management, Inc6,335$52.1K0.01%+2,288+56.5%Added
Wall Street Access Asset Management, LLC6,739$55.4K0.01%+6,739New
Parallel Advisors, LLC7,208$59.3K0.00%+199+2.8%Added
Nisa Investment Advisors, LLC7,806$66.9K0.00%−1,396−15.2%Reduced
Kestra Advisory Services, LLC8,739$71.8K0.00%+8,739New
CWM, LLC9,532$78.0K0.00%−11,043−53.7%Reduced
STRS Ohio9,700$79.7K0.00%−1,700−14.9%Reduced
ProShare Advisors LLC10,714$88.1K0.00%−10.0%Reduced
Victory Capital Management Inc11,308$93.0K0.00%+966+9.3%Added
KLP Kapitalforvaltning AS11,900$100.3K0.00%+2,600+28.0%Added
Oregon Public Employees Retirement Fund12,443$102.3K0.00%+200+1.6%Added
Verition Fund Management LLC12,700$104.4K0.00%−318−2.4%Reduced
Russell Investments Group, Ltd.12,955$106.5K0.00%+6,104+89.1%Added
New York State Common Retirement Fund13,037$107.2K0.00%00.0%Unchanged
Commonwealth of Pennsylvania Public School Empls Retrmt Sys13,457$110.6K0.00%−425−3.1%Reduced
Squarepoint Ops LLC13,466$110.7K0.00%+13,466New
Teachers Retirement System of the State of Kentucky13,813$114.0K0.00%−2,449−15.1%Reduced
Yousif Capital Management, LLC14,708$118.3K0.00%−2,261−13.3%Reduced
Franklin Resources Inc14,702$120.8K0.00%−201−1.3%Reduced
Arizona State Retirement System15,487$127.3K0.00%−1,569−9.2%Reduced
Amalgamated Bank15,623$128.0K0.00%−1,234−7.3%Reduced
State Board of Administration of Florida Retirement System16,821$138.3K0.00%00.0%Unchanged
State of Tennessee, Treasury Department16,753$138.7K0.00%−7,444−30.8%Reduced
Fox Run Management, L.L.C.17,220$141.5K0.02%+4,345+33.7%Added
Police & Firemen's Retirement System of New Jersey17,417$143.2K0.00%+205+1.2%Added
Comerica Bank17,766$146.0K0.00%−3,206−15.3%Reduced
Citigroup Inc18,128$149.0K0.00%−1,660−8.4%Reduced
State of Wisconsin Investment Board19,399$159.5K0.00%+19,399New
Quadrature Capital Ltd19,642$161.5K0.00%+1,011+5.4%Added
Guggenheim Capital LLC19,779$162.6K0.00%+19,779New
Abel Hall, LLC20,190$166.0K0.04%−2,649−11.6%Reduced
SG Americas Securities, LLC20,671$170.0K0.00%+4,724+29.6%Added
Millennium Management LLC20,968$172.4K0.00%−148,035−87.6%Reduced
Cerity Partners LLC21,048$173.0K0.00%−6,480−23.5%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)22,129$181.9K0.00%00.0%Unchanged
Brevan Howard Capital Management LP23,292$191.5K0.00%+23,292New
New York State Teachers Retirement System23,401$192.0K0.00%00.0%Unchanged
1832 Asset Management L.P.23,758$195.3K0.00%−1,994−7.7%Reduced
Graham Capital Management, L.P.24,723$203.2K0.01%−29,070−54.0%Reduced
Louisiana State Employees Retirement System24,900$204.7K0.00%−200−0.8%Reduced
Whetstone Capital Advisors, LLC26,609$218.7K0.07%+2,400+9.9%Added
State of Alaska, Department of Revenue27,309$224.0K0.00%−120−0.4%Reduced
MetLife Investment Management27,676$227.5K0.00%−4,288−13.4%Reduced
Soltis Investment Advisors LLC28,361$233.1K0.02%−20,091−41.5%Reduced
Illinois Municipal Retirement Fund28,527$234.5K0.00%−990−3.4%Reduced
Janus Henderson Group PLC28,536$234.7K0.00%00.0%Unchanged
DRW Securities, LLC31,768$261.1K0.02%+31,768New
Quest Partners LLC32,193$264.6K0.01%+9,473+41.7%Added
Advisor Group Holdings, Inc.33,027$271.5K0.00%−12,479−27.4%Reduced
Susquehanna International Group, LLP35,894$295.0K0.00%+11,507+47.2%Added
XML Financial, LLC36,300$298.4K0.02%+7,350+25.4%Added
Thrivent Financial for Lutherans37,350$307.0K0.00%−1,976−5.0%Reduced
Manufacturers Life Insurance Company, The39,202$322.2K0.00%−2,747−6.5%Reduced
Deutsche Bank AG39,939$328.3K0.00%00.0%Unchanged
Alliancebernstein L.P.40,500$332.9K0.00%−15,110−27.2%Reduced
Westbourne Investments, Inc.43,900$360.9K0.17%+25,900+143.9%Added