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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, Q1 2026

Institutional positions in KKR Real Estate Finance Trust Inc. as of Mar 31, 2026. 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
169
+8 vs. Q4 2025
Shares held
50.2M
+2.76M (+5.8%) vs. Q4 2025
Total value
$311.7M
−$79.7M (−20.4%) vs. Q4 2025
New holders
46
50 more added
Sold out
38
55 more reduced

3 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 169 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 heldQ1 2026: $311.7M
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, Q1 2026

Shares, value and share of portfolio for each institution holding KKR Real Estate Finance Trust Inc.; share changes are against Q4 2025.

Institutions holding KREF in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Kohlberg Kravis Roberts & Co. L.P.10,000,001$61.2M1.14%00.0%Unchanged
Long Pond Capital, LP5,733,513$35.1M3.59%+4,170,425+266.8%Added
BlackRock, Inc.5,533,021$33.9M0.00%−3,681,078−40.0%Reduced
Nomura Holdings Inc2,875,297$17.6M0.15%+148,510+5.4%Added
Vanguard Capital Management LLC2,327,008$14.2M0.00%+2,327,008New
Millennium Management LLC1,478,151$9.05M0.01%+1,457,183+6,949.6%Added
Conversant Capital LLC1,470,600$9.00M1.21%+1,470,600New
State Street Corp1,278,352$8.13M0.00%−893,538−41.1%Reduced
Geode Capital Management, LLC1,325,381$8.11M0.00%−8,041−0.6%Reduced
Nokomis Capital, L.L.C.1,119,822$6.85M2.07%+28,002+2.6%Added
Charles Schwab Investment Management Inc1,033,299$6.32M0.00%+30,350+3.0%Added
Two Sigma Investments, LP942,201$5.77M0.00%−63,023−6.3%Reduced
Citadel Advisors LLC915,236$5.60M0.00%+443,867+94.2%Added
GFS Advisors, LLC179,414$4.80M0.31%−31,456−14.9%Reduced
Morgan Stanley752,053$4.60M0.00%+117,256+18.5%Added
Point72 Asset Management, L.P.699,224$4.28M0.01%+699,224New
Prudential Financial Inc647,750$3.96M0.00%+362,152+126.8%Added
Goldman Sachs Group Inc640,763$3.92M0.00%+213,897+50.1%Added
Northern Trust Corp515,041$3.15M0.00%−11,840−2.2%Reduced
Waterfall Asset Management, LLC475,154$3.05M1.71%+475,154New
Van Eck Associates Corp467,814$2.86M0.00%+35,461+8.2%Added
Qube Research & Technologies Ltd440,264$2.69M0.00%+440,264New
Condor Capital Management410,742$2.51M0.21%−7,483−1.8%Reduced
Vanguard Portfolio Management LLC410,436$2.51M0.00%+410,436New
Skopos Labs, Inc.350,044$2.14M0.07%+350,044New
Vanguard Fiduciary Trust Co344,672$2.11M0.00%+344,672New
JPMorgan Chase & Co301,456$1.89M0.00%−168,856−35.9%Reduced
FMR LLC303,750$1.86M0.00%+11,352+3.9%Added
Jane Street Group, LLC299,034$1.83M0.00%−57,197−16.1%Reduced
ExodusPoint Capital Management, LP297,724$1.82M0.02%+143,066+92.5%Added
D. E. Shaw & Co., Inc.293,089$1.79M0.00%+293,089New
BI Asset Management Fondsmaeglerselskab A/S287,061$1.76M0.02%00.0%Unchanged
Balyasny Asset Management LLC276,491$1.69M0.00%+276,491New
Y-Intercept (Hong Kong) Ltd261,690$1.60M0.03%+261,690New
Endure Capital Management, LLC252,523$1.55M1.07%+252,523New
UBS Group AG243,908$1.49M0.00%+21,457+9.6%Added
Bank of America Corp210,297$1.29M0.00%−86,704−29.2%Reduced
BNP Paribas Arbitrage, SA201,444$1.23M0.00%+76,827+61.7%Added
Invesco Ltd.194,047$1.19M0.00%−490,181−71.6%Reduced
Nuveen, LLC176,404$1.08M0.00%−70,077−28.4%Reduced
Marshall Wace, LLP170,695$1.04M0.00%+170,695New
Bank of New York Mellon Corp163,743$1.00M0.00%−141,948−46.4%Reduced
HRT Financial LP161,137$986.0K0.00%+161,137New
XTX Topco Ltd147,761$904.3K0.02%+63,571+75.5%Added
Susquehanna International Group, LLP146,174$894.6K0.00%+110,280+307.2%Added
Penserra Capital Management LLC141,056$863.0K0.01%+3,976+2.9%Added
Wells Fargo & Company125,523$768.2K0.00%−35,890−22.2%Reduced
Quantinno Capital Management LP120,218$735.7K0.00%+56,272+88.0%Added
Beach Point Capital Management LP115,016$703.9K0.28%−83,727−42.1%Reduced
Swiss National Bank111,500$682.4K0.00%00.0%Unchanged
Price T Rowe Associates Inc109,303$669.0K0.00%+10,993+11.2%Added
Cura Wealth Advisors, LLC100,515$615.2K0.28%−157−0.2%Reduced
LPL Financial LLC96,379$589.8K0.00%−6,881−6.7%Reduced
Stifel Financial Corp90,700$555.1K0.00%−20,100−18.1%Reduced
Atom Investors LP88,597$542.2K0.04%+88,597New
Wedbush Securities Inc85,315$522.0K0.02%−2,105−2.4%Reduced
Citigroup Inc79,328$485.5K0.00%+61,200+337.6%Added
Lido Advisors, LLC68,744$437.9K0.00%+280.0%Added
Rhumbline Advisers68,691$420.4K0.00%−60,119−46.7%Reduced
Brevan Howard Capital Management LP67,932$415.7K0.00%+44,640+191.7%Added
EntryPoint Capital, LLC67,421$412.6K0.12%+67,421New
AQR Capital Management LLC67,374$412.3K0.00%−104,300−60.8%Reduced
Voya Investment Management LLC67,010$410.1K0.00%−83,457−55.5%Reduced
CI Private Wealth, LLC65,094$398.4K0.00%+65,094New
Stephens Inc64,411$394.2K0.00%−54,828−46.0%Reduced
Algert Global LLC58,376$357.3K0.01%−112,250−65.8%Reduced
Raymond James Financial Inc57,968$354.8K0.00%−25,409−30.5%Reduced
California State Teachers Retirement System53,737$328.9K0.00%−413−0.8%Reduced
Alliancebernstein L.P.38,700$318.1K0.00%−1,800−4.4%Reduced
Squarepoint Ops LLC50,669$310.1K0.00%+37,203+276.3%Added
Barclays PLC47,115$288.3K0.00%−40,635−46.3%Reduced
Weiss Asset Management LP46,552$284.9K0.01%+46,552New
Fox Run Management, L.L.C.45,149$283.1K0.05%+27,929+162.2%Added
Legal & General Group Plc45,716$279.8K0.00%−98,868−68.4%Reduced
Engineers Gate Manager LP45,500$278.5K0.00%+45,500New
HSBC Holdings PLC45,499$278.5K0.00%+45,499New
Caxton Associates LLP45,265$277.0K0.01%00.0%Unchanged
Abel Hall, LLC40,264$246.4K0.05%+20,074+99.4%Added
Vanguard Asset Management, Ltd39,021$238.8K0.00%+39,021New
Whetstone Capital Advisors, LLC38,108$233.2K0.09%+11,499+43.2%Added
Manufacturers Life Insurance Company, The37,732$230.9K0.00%−1,470−3.7%Reduced
Advisor Group Holdings, Inc.33,070$202.4K0.00%+43+0.1%Added
Empirical Asset Management, LLC32,894$201.3K0.05%+32,894New
Empowered Funds, LLC31,609$193.4K0.00%+31,609New
Catalyst Funds Management Pty Ltd28,844$176.5K0.03%+28,844New
XML Financial, LLC28,650$175.3K0.01%−7,650−21.1%Reduced
Park Capital Management, LLC28,647$175.3K0.17%+28,647New
Janus Henderson Group PLC28,536$174.2K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.26,358$161.3K0.00%+26,323+75,208.6%Added
Mirae Asset Global ETFs Holdings Ltd.26,282$160.8K0.00%−1,282,124−98.0%Reduced
Optiver Holding B.V.24,211$148.2K0.01%+24,211New
1832 Asset Management L.P.23,750$145.3K0.00%−80.0%Reduced
MetLife Investment Management23,155$141.7K0.00%−4,521−16.3%Reduced
Royal Bank of Canada22,442$137.0K0.00%−32,768−59.4%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)22,129$135.4K0.00%00.0%Unchanged
Aire Advisors, LLC21,554$131.9K0.02%+21,554New
Vanguard Global Advisers, LLC21,398$131.0K0.00%+21,398New
Cerity Partners LLC21,349$130.7K0.00%+301+1.4%Added
Graham Capital Management, L.P.20,356$124.6K0.00%−4,367−17.7%Reduced
Ameriprise Financial Inc18,544$117.7K0.00%−87,248−82.5%Reduced