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Chicago Atlantic Real Estate Finance, Inc.

REFI
Exchange
Nasdaq
Industry
Real Estate Investment Trusts
SEC CIK
0001867949

In the last 90 days, Chicago Atlantic Real Estate Finance, Inc. insiders filed 5 open-market purchases and 0 sales; 100 institutions reported holding it in 13F filings for Q2 2026, worth $74.5M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Chicago Atlantic Real Estate Finance, Inc. as of Jun 30, 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
95
−11 vs. Q1 2025
Shares held
6.30M
−248.2K (−3.8%) vs. Q1 2025
Total value
$88.3M
−$8.31M (−8.6%) vs. Q1 2025
New holders
12
35 more added
Sold out
23
31 more reduced

3 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting REFI 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 holdersQ2 2025: 95 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 20 institutionsQ1 2022: 41 institutionsQ2 2022: 41 institutionsQ3 2022: 46 institutionsQ4 2022: 49 institutionsQ1 2023: 64 institutionsQ2 2023: 72 institutionsQ3 2023: 73 institutionsQ4 2023: 81 institutionsQ1 2024: 89 institutionsQ2 2024: 90 institutionsQ3 2024: 98 institutionsQ4 2024: 103 institutionsQ1 2025: 109 institutionsQ2 2025: 95 institutionsQ3 2025: 97 institutionsQ4 2025: 101 institutionsQ1 2026: 100 institutionsQ2 2026: 100 institutions
Value heldQ2 2025: $88.3M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $30.8MQ1 2022: $35.0MQ2 2022: $36.4MQ3 2022: $39.9MQ4 2022: $52.9MQ1 2023: $49.0MQ2 2023: $65.2MQ3 2023: $67.6MQ4 2023: $74.8MQ1 2024: $87.8MQ2 2024: $87.0MQ3 2024: $97.0MQ4 2024: $112.0MQ1 2025: $97.0MQ2 2025: $88.3MQ3 2025: $84.9MQ4 2025: $80.6MQ1 2026: $71.9MQ2 2026: $74.5M
Institutions holding REFI and their total value by quarter
QuarterHoldersValue
Q2 2026100$74.5M
Q1 2026100$71.9M
Q4 2025101$80.6M
Q3 202597$84.9M
Q2 202595$88.3M
Q1 2025109$97.0M
Q4 2024103$112.0M
Q3 202498$97.0M
Q2 202490$87.0M
Q1 202489$87.8M
Q4 202381$74.8M
Q3 202373$67.6M
Q2 202372$65.2M
Q1 202364$49.0M
Q4 202249$52.9M
Q3 202246$39.9M
Q2 202241$36.4M
Q1 202241$35.0M
Q4 202120$30.8M
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Chicago Atlantic Real Estate Finance, Inc.; share changes are against Q1 2025.

Institutions holding REFI in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.1,430,115$20.0M0.00%−82,415−5.4%Reduced
Vanguard Group Inc921,770$12.9M0.00%+17,345+1.9%Added
Fielder Capital Group LLC771,503$10.8M2.87%+19,883+2.6%Added
State Street Corp507,907$7.32M0.00%+23,119+4.8%Added
CI Private Wealth, LLC235,403$3.29M0.00%−4,648−1.9%Reduced
Intrepid Capital Management Inc214,827$3.00M1.22%−885−0.4%Reduced
Van Eck Associates Corp189,386$2.64M0.00%+189,386New
Sage Mountain Advisors LLC163,808$2.29M0.15%+8,400+5.4%Added
Millennium Management LLC157,946$2.20M0.00%+157,946New
Northern Trust Corp138,100$1.93M0.00%−4,517−3.2%Reduced
Renaissance Technologies LLC98,200$1.37M0.00%+15,000+18.0%Added
Connor, Clark & Lunn Investment Management Ltd.97,050$1.35M0.00%−17,148−15.0%Reduced
HighTower Advisors, LLC84,981$1.19M0.00%+3,052+3.7%Added
Doliver Advisors, LP80,588$1.13M0.31%+34,400+74.5%Added
Penserra Capital Management LLC70,742$987.0K0.01%+1,079+1.5%Added
Two Sigma Advisers, LP67,700$945.1K0.00%−84,600−55.5%Reduced
Charles Schwab Investment Management Inc56,405$787.4K0.00%+5,010+9.7%Added
AdvisorShares Investments LLC52,011$726.1K0.13%−24,800−32.3%Reduced
Commonwealth Equity Services, LLC48,070$671.0K0.00%+1,464+3.1%Added
Morgan Stanley48,063$671.0K0.00%−13,611−22.1%Reduced
Bank of New York Mellon Corp47,734$666.4K0.00%+2,015+4.4%Added
Two Sigma Investments, LP39,618$553.1K0.00%−102,581−72.1%Reduced
Magnus Financial Group LLC34,744$485.0K0.04%−682−1.9%Reduced
Toroso Investments, LLC32,737$457.0K0.00%+2,078+6.8%Added
Gladstone Institutional Advisory LLC32,435$452.8K0.02%00.0%Unchanged
Perritt Capital Management Inc32,151$448.8K0.23%−19,232−37.4%Reduced
PBMares Wealth Management LLC30,810$430.1K0.08%00.0%Unchanged
Barclays PLC28,863$402.9K0.00%+11,380+65.1%Added
Qube Research & Technologies Ltd27,052$377.6K0.00%+226+0.8%Added
Rhumbline Advisers26,513$370.1K0.00%+2,993+12.7%Added
Atom Investors LP25,764$359.7K0.03%+2,734+11.9%Added
Susquehanna International Group, LLP23,414$326.9K0.00%−20,211−46.3%Reduced
Manufacturers Life Insurance Company, The23,275$324.9K0.00%+1,031+4.6%Added
UBS Group AG22,884$319.5K0.00%+11,178+95.5%Added
Nuveen, LLC22,675$316.5K0.00%−13,424−37.2%Reduced
Price T Rowe Associates Inc22,231$311.0K0.00%−16,345−42.4%Reduced
JPMorgan Chase & Co21,451$299.5K0.00%−13,431−38.5%Reduced
Mariner, LLC20,652$288.3K0.00%−661−3.1%Reduced
Invesco Ltd.20,376$284.4K0.00%+7,758+61.5%Added
Martingale Asset Management L P20,222$282.3K0.01%+981+5.1%Added
Alliancebernstein L.P.19,910$277.9K0.00%+6,700+50.7%Added
AQR Capital Management LLC19,591$273.5K0.00%+19,591New
Everett Harris & Co18,500$258.3K0.00%−6,000−24.5%Reduced
Geode Capital Management, LLC18,367$256.9K0.00%+1,446+8.5%Added
AlTi Global, Inc.15,568$224.7K0.01%+510+3.4%Added
Ariadne Wealth Management, LP13,743$197.2K0.09%00.0%Unchanged
Royal Bank of Canada13,840$193.0K0.00%+224+1.6%Added
State of Wisconsin Investment Board13,100$182.9K0.00%+13,100New
HB Wealth Management, LLC12,437$173.6K0.00%+19+0.2%Added
Citigroup Inc12,076$168.6K0.00%−7,943−39.7%Reduced
Dumont & Blake Investment Advisors LLC11,217$156.6K0.04%00.0%Unchanged
Wells Fargo & Company11,136$155.5K0.00%+710+6.8%Added
Quantinno Capital Management LP10,560$147.4K0.00%+10,560New
Ascent Group, LLC10,116$141.2K0.01%−2,471−19.6%Reduced
MetLife Investment Management9,960$139.0K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.9,903$138.3K0.00%−583−5.6%Reduced
Deutsche Bank AG9,557$133.4K0.00%−65,882−87.3%Reduced
Mirae Asset Global ETFs Holdings Ltd.9,497$132.6K0.00%−711−7.0%Reduced
BNP Paribas Arbitrage, SA8,111$113.2K0.00%+3,163+63.9%Added
Nisa Investment Advisors, LLC7,406$107.3K0.00%−11,285−60.4%Reduced
Bank of America Corp7,047$98.4K0.00%−8,598−55.0%Reduced
EverSource Wealth Advisors, LLC6,722$93.8K0.00%+6,508+3,041.1%Added
New York State Common Retirement Fund6,038$84.3K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey4,346$60.7K0.00%00.0%Unchanged
State of Wyoming3,954$55.2K0.01%−9,929−71.5%Reduced
Larson Financial Group LLC3,601$50.3K0.00%+681+23.3%Added
Russell Investments Group, Ltd.3,552$49.6K0.00%+803+29.2%Added
Transce3nd, LLC3,333$46.5K0.02%+3,333New
STRS Ohio3,200$44.7K0.00%00.0%Unchanged
Geneos Wealth Management Inc.2,330$32.5K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,978$27.6K0.00%+1,359+219.5%Added
FMR LLC1,809$25.3K0.00%−16−0.9%Reduced
Legal & General Group Plc1,638$22.9K0.00%−2,746−62.6%Reduced
MAI Capital Management1,500$20.9K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.1,352$18.9K0.00%00.0%Unchanged
Raymond James Financial Inc1,265$17.7K0.00%+1,265New
CWM, LLC1,205$17.0K0.00%+993+468.4%Added
Parallel Advisors, LLC840$11.7K0.00%00.0%Unchanged
Amalgamated Bank559$8.00K0.00%00.0%Unchanged
Westside Investment Management, Inc.500$6.98K0.00%00.0%Unchanged
Federation des caisses Desjardins du Quebec500$6.98K0.00%00.0%Unchanged
Sterling Capital Management LLC466$6.50K0.00%+166+55.3%Added
Farther Finance Advisors, LLC387$5.40K0.00%−143−27.0%Reduced
Quest Partners LLC301$4.20K0.00%+1+0.3%Added
IFP Advisors, Inc230$3.21K0.00%+230New
Huntington National Bank230$3.21K0.00%00.0%Unchanged
Harbor Capital Advisors, Inc.215$3.00K0.00%+64+42.4%Added
GeoWealth Management, LLC164$2.29K0.00%+164New
GAMMA Investing LLC149$2.08K0.00%−467−75.8%Reduced
Jones Financial Companies LLLP139$2.01K0.00%00.0%Unchanged
Covestor Ltd67$1.00K0.00%−18−21.2%Reduced
Essential Partners LLC53$7400.00%+53New
Allworth Financial LP24$3360.00%+24New
True Wealth Design, LLC13$1820.00%−2−13.3%Reduced
Assetmark, Inc9$1260.00%+9New
Allspring Global Investments Holdings, LLC0$00.00%−112,573−100.0%Sold out
Arrowstreet Capital, Limited Partnership0$00.00%−34,971−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−28,348−100.0%Sold out
Savant Capital, LLC0$00.00%−20,144−100.0%Sold out
TownSquare Capital, LLC0$00.00%−14,072−100.0%Sold out