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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
Arizona State Retirement System15,487$127.3K0.00%−1,569−9.2%Reduced
Franklin Resources Inc14,702$120.8K0.00%−201−1.3%Reduced
Yousif Capital Management, LLC14,708$118.3K0.00%−2,261−13.3%Reduced
Teachers Retirement System of the State of Kentucky13,813$114.0K0.00%−2,449−15.1%Reduced
Squarepoint Ops LLC13,466$110.7K0.00%+13,466New
Commonwealth of Pennsylvania Public School Empls Retrmt Sys13,457$110.6K0.00%−425−3.1%Reduced
New York State Common Retirement Fund13,037$107.2K0.00%00.0%Unchanged
Russell Investments Group, Ltd.12,955$106.5K0.00%+6,104+89.1%Added
Verition Fund Management LLC12,700$104.4K0.00%−318−2.4%Reduced
Oregon Public Employees Retirement Fund12,443$102.3K0.00%+200+1.6%Added
KLP Kapitalforvaltning AS11,900$100.3K0.00%+2,600+28.0%Added
Victory Capital Management Inc11,308$93.0K0.00%+966+9.3%Added
ProShare Advisors LLC10,714$88.1K0.00%−10.0%Reduced
STRS Ohio9,700$79.7K0.00%−1,700−14.9%Reduced
CWM, LLC9,532$78.0K0.00%−11,043−53.7%Reduced
Kestra Advisory Services, LLC8,739$71.8K0.00%+8,739New
Nisa Investment Advisors, LLC7,806$66.9K0.00%−1,396−15.2%Reduced
Parallel Advisors, LLC7,208$59.3K0.00%+199+2.8%Added
Wall Street Access Asset Management, LLC6,739$55.4K0.01%+6,739New
Versant Capital Management, Inc6,335$52.1K0.01%+2,288+56.5%Added
Ameritas Investment Partners, Inc.4,773$39.2K0.00%00.0%Unchanged
Geneos Wealth Management Inc.4,450$36.6K0.00%00.0%Unchanged
Allworth Financial LP4,232$34.8K0.00%−437−9.4%Reduced
Tower Research Capital LLC (TRC)3,732$30.7K0.00%+1,128+43.3%Added
The PNC Financial Services Group, Inc.3,537$29.1K0.00%+2,266+178.3%Added
Sterling Capital Management LLC3,105$25.5K0.00%−837−21.2%Reduced
Hantz Financial Services, Inc.3,099$25.0K0.00%+2,101+210.5%Added
Public Employees Retirement System of Ohio2,285$18.8K0.00%+106+4.9%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.2,001$16.0K0.00%+731+57.6%Added
GAMMA Investing LLC1,891$15.5K0.00%+1,466+344.9%Added
International Assets Investment Management, LLC1,750$14.4K0.00%+1,750New
Larson Financial Group LLC1,500$12.3K0.00%−1,293−46.3%Reduced
EverSource Wealth Advisors, LLC1,342$11.0K0.00%−1,997−59.8%Reduced
Chilton Capital Management LLC1,000$8.22K0.00%00.0%Unchanged
Transce3nd, LLC931$7.63K0.06%−51−5.2%Reduced
Kemnay Advisory Services Inc.835$6.86K0.00%+835New
Chung Wu Investment Group, LLC500$4.11K0.00%00.0%Unchanged
Bessemer Group Inc494$4.00K0.00%+384+349.1%Added
Triumph Capital Management450$3.70K0.00%+450New
Umb Bank N A411$3.38K0.00%+274+200.0%Added
Quarry LP400$3.29K0.00%+400New
US Bancorp347$2.85K0.00%−61−15.0%Reduced
Los Angeles Capital Management LLC295$2.43K0.00%+295New
Salomon & Ludwin, LLC279$2.25K0.00%+196+236.1%Added
IFP Advisors, Inc242$1.99K0.00%−245−50.3%Reduced
SRS Capital Advisors, Inc.188$1.55K0.00%−24,042−99.2%Reduced
Covestor Ltd82$1.00K0.00%+73+811.1%Added
Fifth Third Bancorp106$8710.00%−295−73.6%Reduced
Rothschild Investment LLC98$8060.00%−115−54.0%Reduced
Pinnacle Wealth Planning Services, Inc.71$5840.00%+71New
MAI Capital Management66$5430.00%−292−81.6%Reduced
Massmutual Trust Co FSB61$5010.00%00.0%Unchanged
Financial Consulate, Inc55$4530.00%+55New
Farther Finance Advisors, LLC53$4360.00%+20+60.6%Added
UBS Asset Management Americas Inc44$3620.00%−150,710−100.0%Reduced
Smartleaf Asset Management LLC40$3390.00%00.0%Unchanged
Farmers & Merchants Investments Inc40$3290.00%00.0%Unchanged
Rockefeller Capital Management L.P.35$2880.00%−180−83.7%Reduced
Essential Partners LLC30$2470.00%−1,973−98.5%Reduced
Clearstead Advisors, LLC13$1070.00%−38−74.5%Reduced
CIBC Private Wealth Group, LLC13$1070.00%+13New
Simplex Trading, LLC2$160.00%−135−98.5%Reduced
Huntington National Bank1$80.00%00.0%Unchanged
Capital Advisors, Ltd. LLC22$00.00%+22New
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