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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
Caxton Associates LLP45,265$372.1K0.01%00.0%Unchanged
Great West Life Assurance Co49,650$409.0K0.00%00.0%Unchanged
Intech Investment Management LLC52,148$428.7K0.00%−3,045−5.5%Reduced
California State Teachers Retirement System54,150$445.1K0.00%−159−0.3%Reduced
Royal Bank of Canada55,210$453.0K0.00%−21,513−28.0%Reduced
Lighthouse Investment Partners, LLC58,821$483.5K0.02%−28,951−33.0%Reduced
Quantinno Capital Management LP63,946$525.6K0.00%+21,243+49.7%Added
Lido Advisors, LLC68,716$635.6K0.00%00.0%Unchanged
Raymond James Financial Inc83,377$685.4K0.00%−7,557−8.3%Reduced
XTX Topco Ltd84,190$692.0K0.02%+36,311+75.8%Added
Wedbush Securities Inc87,420$719.0K0.02%+6,095+7.5%Added
Barclays PLC87,750$721.3K0.00%+5,635+6.9%Added
Price T Rowe Associates Inc98,310$809.0K0.00%−398,356−80.2%Reduced
Cura Wealth Advisors, LLC100,672$827.5K0.31%+1,976+2.0%Added
LPL Financial LLC103,260$848.8K0.00%−7,205−6.5%Reduced
GP Brinson Investments LLC104,706$860.7K0.37%00.0%Unchanged
Ameriprise Financial Inc105,792$874.1K0.00%−2,248−2.1%Reduced
Stifel Financial Corp110,800$910.8K0.00%+38,339+52.9%Added
Swiss National Bank111,500$916.5K0.00%00.0%Unchanged
Stephens Inc119,239$980.1K0.01%−148,419−55.5%Reduced
BNP Paribas Arbitrage, SA124,617$1.02M0.00%+77,474+164.3%Added
Rhumbline Advisers128,810$1.06M0.00%−12,206−8.7%Reduced
Penserra Capital Management LLC137,080$1.13M0.01%+18,727+15.8%Added
Legal & General Group Plc144,584$1.19M0.00%−9,393−6.1%Reduced
Voya Investment Management LLC150,467$1.24M0.00%−164,192−52.2%Reduced
ExodusPoint Capital Management, LP154,658$1.27M0.01%+130,782+547.8%Added
Wells Fargo & Company161,413$1.33M0.00%−27,710−14.7%Reduced
Algert Global LLC170,626$1.40M0.02%00.0%Unchanged
AQR Capital Management LLC171,674$1.41M0.00%−206,140−54.6%Reduced
Public Sector Pension Investment Board188,948$1.55M0.01%−23,706−11.1%Reduced
Beach Point Capital Management LP198,743$1.63M0.65%+198,743New
GFS Advisors, LLC210,870$1.73M0.21%−5,300−2.5%Reduced
UBS Group AG222,451$1.83M0.00%−36,124−14.0%Reduced
Nuveen, LLC246,481$2.03M0.00%−43,442−15.0%Reduced
Principal Financial Group Inc259,096$2.13M0.00%−4,380−1.7%Reduced
Prudential Financial Inc285,598$2.35M0.00%−7,760−2.6%Reduced
BI Asset Management Fondsmaeglerselskab A/S287,061$2.36M0.02%00.0%Unchanged
FMR LLC292,398$2.40M0.00%+50,134+20.7%Added
Bank of America Corp297,001$2.44M0.00%+14,381+5.1%Added
Bank of New York Mellon Corp305,691$2.51M0.00%−17,105−5.3%Reduced
Compass Rose Asset Management, LP335,000$2.75M0.89%+335,000New
Jane Street Group, LLC356,231$2.93M0.00%+308,920+653.0%Added
Condor Capital Management418,225$3.44M0.28%+44,167+11.8%Added
Goldman Sachs Group Inc426,866$3.51M0.00%+22,806+5.6%Added
Van Eck Associates Corp432,353$3.55M0.00%+73,058+20.3%Added
JPMorgan Chase & Co470,312$3.87M0.00%−105,897−18.4%Reduced
Citadel Advisors LLC471,369$3.87M0.00%−10,997−2.3%Reduced
Northern Trust Corp526,881$4.33M0.00%−107,944−17.0%Reduced
Wellington Management Group LLP574,289$4.72M0.00%+26,878+4.9%Added
Morgan Stanley634,797$5.22M0.00%+24,445+4.0%Added
Two Sigma Advisers, LP683,200$5.62M0.01%+683,200New
Invesco Ltd.684,228$5.62M0.00%−461,688−40.3%Reduced
Charles Schwab Investment Management Inc1,002,949$8.24M0.00%+96,947+10.7%Added
Two Sigma Investments, LP1,005,224$8.26M0.01%+916,385+1,031.5%Added
Nokomis Capital, L.L.C.1,091,820$8.97M2.50%+629,982+136.4%Added
Mirae Asset Global ETFs Holdings Ltd.1,308,406$10.8M0.02%+107,340+8.9%Added
Geode Capital Management, LLC1,333,422$11.0M0.00%−10,647−0.8%Reduced
Long Pond Capital, LP1,563,088$12.8M1.51%−758,584−32.7%Reduced
State Street Corp2,171,890$18.4M0.00%−37,975−1.7%Reduced
Nomura Holdings Inc2,726,787$22.4M0.06%+2,147,656+370.8%Added
Nan Shan Life Insurance Co., Ltd.3,060,384$25.2M0.77%00.0%Unchanged
Vanguard Group Inc3,703,329$30.4M0.00%+31,674+0.9%Added
BlackRock, Inc.9,214,099$75.7M0.00%−179,956−1.9%Reduced
Kohlberg Kravis Roberts & Co. L.P.10,000,001$82.8M1.32%00.0%Unchanged
D. E. Shaw & Co., Inc.0$00.00%−196,900−100.0%Sold out
Prevail Innovative Wealth Advisors, LLC0$00.00%−157,638−100.0%Sold out
Renaissance Technologies LLC0$00.00%−83,674−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−74,308−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−61,636−100.0%Sold out
Gamco Investors, Inc. Et Al0$00.00%−50,000−100.0%Sold out
Ieq Capital, LLC0$00.00%−49,845−100.0%Sold out
1776 Wealth LLC0$00.00%−31,511−100.0%Sold out
FourThought Financial Partners, LLC0$00.00%−31,326−100.0%Sold out
Drive Wealth Management, LLC0$00.00%−25,141−100.0%Sold out
Mariner, LLC0$00.00%−24,942−100.0%Sold out
Creative Planning0$00.00%−18,341−100.0%Sold out
Inceptionr LLC0$00.00%−17,674−100.0%Sold out
Mercer Global Advisors Inc0$00.00%−16,837−100.0%Sold out
Wealth Enhancement Advisory Services, LLC0$00.00%−14,602−100.0%Sold out
Aigen Investment Management, LP0$00.00%−10,514−100.0%Sold out
Wiley Bros.-Aintree Capital, LLC0$00.00%−10,330−100.0%Sold out
Cloud Capital Management, LLC0$00.00%−5,264−100.0%Sold out
Ensign Peak Advisors, Inc0$00.00%−3,872−100.0%Sold out
Future Financial Wealth Managment LLC0$00.00%−2,000−100.0%Sold out
Steward Partners Investment Advisory, LLC0$00.00%−1,476−100.0%Sold out
GHP Investment Advisors, Inc.0$00.00%−1,196−100.0%Sold out
Advisory Services Network, LLC0$00.00%−415−100.0%Sold out
Vermillion Wealth Management, Inc.0$00.00%−326−100.0%Sold out
True Wealth Design, LLC0$00.00%−207−100.0%Sold out
Quadrant Capital Group LLC0$00.00%−134−100.0%Sold out
Parkside Financial Bank & Trust0$00.00%−67−100.0%Sold out
Atlantic Trust, LLC0$00.00%−24−100.0%Sold out