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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, 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
$308.0M
−$83.5M (−21.3%) 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: $308.0M
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, 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
Alliancebernstein L.P.38,700$318.1K0.00%−1,800−4.4%Reduced
California State Teachers Retirement System53,737$328.9K0.00%−413−0.8%Reduced
Raymond James Financial Inc57,968$354.8K0.00%−25,409−30.5%Reduced
Algert Global LLC58,376$357.3K0.01%−112,250−65.8%Reduced
Stephens Inc64,411$394.2K0.00%−54,828−46.0%Reduced
CI Private Wealth, LLC65,094$398.4K0.00%+65,094New
Voya Investment Management LLC67,010$410.1K0.00%−83,457−55.5%Reduced
AQR Capital Management LLC67,374$412.3K0.00%−104,300−60.8%Reduced
EntryPoint Capital, LLC67,421$412.6K0.12%+67,421New
Brevan Howard Capital Management LP67,932$415.7K0.00%+44,640+191.7%Added
Rhumbline Advisers68,691$420.4K0.00%−60,119−46.7%Reduced
Lido Advisors, LLC68,744$437.9K0.00%+280.0%Added
Citigroup Inc79,328$485.5K0.00%+61,200+337.6%Added
Wedbush Securities Inc85,315$522.0K0.02%−2,105−2.4%Reduced
Atom Investors LP88,597$542.2K0.04%+88,597New
Stifel Financial Corp90,700$555.1K0.00%−20,100−18.1%Reduced
LPL Financial LLC96,379$589.8K0.00%−6,881−6.7%Reduced
Cura Wealth Advisors, LLC100,515$615.2K0.28%−157−0.2%Reduced
Price T Rowe Associates Inc109,303$669.0K0.00%+10,993+11.2%Added
Swiss National Bank111,500$682.4K0.00%00.0%Unchanged
Beach Point Capital Management LP115,016$703.9K0.28%−83,727−42.1%Reduced
Quantinno Capital Management LP120,218$735.7K0.00%+56,272+88.0%Added
Wells Fargo & Company125,523$768.2K0.00%−35,890−22.2%Reduced
Penserra Capital Management LLC141,056$863.0K0.01%+3,976+2.9%Added
Susquehanna International Group, LLP146,174$894.6K0.00%+110,280+307.2%Added
XTX Topco Ltd147,761$904.3K0.02%+63,571+75.5%Added
HRT Financial LP161,137$986.0K0.00%+161,137New
Bank of New York Mellon Corp163,743$1.00M0.00%−141,948−46.4%Reduced
Marshall Wace, LLP170,695$1.04M0.00%+170,695New
GFS Advisors, LLC179,414$1.05M0.07%−31,456−14.9%Reduced
Nuveen, LLC176,404$1.08M0.00%−70,077−28.4%Reduced
Invesco Ltd.194,047$1.19M0.00%−490,181−71.6%Reduced
BNP Paribas Arbitrage, SA201,444$1.23M0.00%+76,827+61.7%Added
Bank of America Corp210,297$1.29M0.00%−86,704−29.2%Reduced
UBS Group AG243,908$1.49M0.00%+21,457+9.6%Added
Endure Capital Management, LLC252,523$1.55M1.07%+252,523New
Y-Intercept (Hong Kong) Ltd261,690$1.60M0.03%+261,690New
Balyasny Asset Management LLC276,491$1.69M0.00%+276,491New
BI Asset Management Fondsmaeglerselskab A/S287,061$1.76M0.02%00.0%Unchanged
D. E. Shaw & Co., Inc.293,089$1.79M0.00%+293,089New
ExodusPoint Capital Management, LP297,724$1.82M0.02%+143,066+92.5%Added
Jane Street Group, LLC299,034$1.83M0.00%−57,197−16.1%Reduced
FMR LLC303,750$1.86M0.00%+11,352+3.9%Added
JPMorgan Chase & Co301,456$1.89M0.00%−168,856−35.9%Reduced
Vanguard Fiduciary Trust Co344,672$2.11M0.00%+344,672New
Skopos Labs, Inc.350,044$2.14M0.07%+350,044New
Vanguard Portfolio Management LLC410,436$2.51M0.00%+410,436New
Condor Capital Management410,742$2.51M0.21%−7,483−1.8%Reduced
Qube Research & Technologies Ltd440,264$2.69M0.00%+440,264New
Van Eck Associates Corp467,814$2.86M0.00%+35,461+8.2%Added
Waterfall Asset Management, LLC475,154$3.05M1.71%+475,154New
Northern Trust Corp515,041$3.15M0.00%−11,840−2.2%Reduced
Goldman Sachs Group Inc640,763$3.92M0.00%+213,897+50.1%Added
Prudential Financial Inc647,750$3.96M0.00%+362,152+126.8%Added
Point72 Asset Management, L.P.699,224$4.28M0.01%+699,224New
Morgan Stanley752,053$4.60M0.00%+117,256+18.5%Added
Citadel Advisors LLC915,236$5.60M0.00%+443,867+94.2%Added
Two Sigma Investments, LP942,201$5.77M0.00%−63,023−6.3%Reduced
Charles Schwab Investment Management Inc1,033,299$6.32M0.00%+30,350+3.0%Added
Nokomis Capital, L.L.C.1,119,822$6.85M2.07%+28,002+2.6%Added
Geode Capital Management, LLC1,325,381$8.11M0.00%−8,041−0.6%Reduced
State Street Corp1,278,352$8.13M0.00%−893,538−41.1%Reduced
Conversant Capital LLC1,470,600$9.00M1.24%+1,470,600New
Millennium Management LLC1,478,151$9.05M0.01%+1,457,183+6,949.6%Added
Vanguard Capital Management LLC2,327,008$14.2M0.00%+2,327,008New
Nomura Holdings Inc2,875,297$17.6M0.15%+148,510+5.4%Added
BlackRock, Inc.5,533,021$33.9M0.00%−3,681,078−40.0%Reduced
Long Pond Capital, LP5,733,513$35.1M3.59%+4,170,425+266.8%Added
Kohlberg Kravis Roberts & Co. L.P.10,000,001$61.2M1.14%00.0%Unchanged
Nan Shan Life Insurance Co., Ltd.0$00.00%−3,060,384−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−683,200−100.0%Sold out
Wellington Management Group LLP0$00.00%−574,289−100.0%Sold out
Compass Rose Asset Management, LP0$00.00%−335,000−100.0%Sold out
Principal Financial Group Inc0$00.00%−259,096−100.0%Sold out
Public Sector Pension Investment Board0$00.00%−188,948−100.0%Sold out
GP Brinson Investments LLC0$00.00%−104,706−100.0%Sold out
Thrivent Financial for Lutherans0$00.00%−37,350−100.0%Sold out
Quest Partners LLC0$00.00%−32,193−100.0%Sold out
DRW Securities, LLC0$00.00%−31,768−100.0%Sold out
Illinois Municipal Retirement Fund0$00.00%−28,527−100.0%Sold out
State of Alaska, Department of Revenue0$00.00%−27,309−100.0%Sold out
Louisiana State Employees Retirement System0$00.00%−24,900−100.0%Sold out
New York State Teachers Retirement System0$00.00%−23,401−100.0%Sold out
SG Americas Securities, LLC0$00.00%−20,671−100.0%Sold out
Guggenheim Capital LLC0$00.00%−19,779−100.0%Sold out
Quadrature Capital Ltd0$00.00%−19,642−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−19,399−100.0%Sold out
Amalgamated Bank0$00.00%−15,623−100.0%Sold out
Yousif Capital Management, LLC0$00.00%−14,708−100.0%Sold out
Teachers Retirement System of the State of Kentucky0$00.00%−13,813−100.0%Sold out
Commonwealth of Pennsylvania Public School Empls Retrmt Sys0$00.00%−13,457−100.0%Sold out
Verition Fund Management LLC0$00.00%−12,700−100.0%Sold out
Oregon Public Employees Retirement Fund0$00.00%−12,443−100.0%Sold out
Victory Capital Management Inc0$00.00%−11,308−100.0%Sold out
ProShare Advisors LLC0$00.00%−10,714−100.0%Sold out
Kestra Advisory Services, LLC0$00.00%−8,739−100.0%Sold out
Kemnay Advisory Services Inc.0$00.00%−835−100.0%Sold out
Quarry LP0$00.00%−400−100.0%Sold out
Salomon & Ludwin, LLC0$00.00%−279−100.0%Sold out
IFP Advisors, Inc0$00.00%−242−100.0%Sold out