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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, Q3 2025

Institutional positions in Chicago Atlantic Real Estate Finance, Inc. as of Sep 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
97
+2 vs. Q2 2025
Shares held
6.62M
+315.7K (+5.0%) vs. Q2 2025
Total value
$84.9M
−$3.33M (−3.8%) vs. Q2 2025
New holders
16
36 more added
Sold out
14
25 more reduced

Compare with Q2 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 holdersQ3 2025: 97 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 heldQ3 2025: $84.9M
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, Q3 2025

Shares, value and share of portfolio for each institution holding Chicago Atlantic Real Estate Finance, Inc.; share changes are against Q2 2025.

Institutions holding REFI in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.1,416,641$18.1M0.00%−13,474−0.9%Reduced
Vanguard Group Inc940,997$12.0M0.00%+19,227+2.1%Added
Fielder Capital Group LLC809,425$10.4M2.36%+37,922+4.9%Added
State Street Corp532,528$7.06M0.00%+24,621+4.8%Added
CI Private Wealth, LLC222,133$2.84M0.00%−13,270−5.6%Reduced
Intrepid Capital Management Inc214,827$2.75M1.08%00.0%Unchanged
Van Eck Associates Corp198,812$2.54M0.00%+9,426+5.0%Added
Millennium Management LLC184,697$2.36M0.00%+26,751+16.9%Added
Sage Mountain Advisors LLC163,808$2.10M0.12%00.0%Unchanged
Northern Trust Corp141,958$1.82M0.00%+3,858+2.8%Added
Clayton Partners LLC137,963$1.76M1.34%+137,963New
Connor, Clark & Lunn Investment Management Ltd.121,946$1.56M0.00%+24,896+25.7%Added
Doliver Advisors, LP103,758$1.33M0.34%+23,170+28.8%Added
Renaissance Technologies LLC95,000$1.22M0.00%−3,200−3.3%Reduced
HighTower Advisors, LLC93,688$1.20M0.00%+8,707+10.2%Added
Advisor Group Holdings, Inc.83,616$1.07M0.00%+73,713+744.4%Added
Penserra Capital Management LLC73,211$936.0K0.01%+2,469+3.5%Added
Charles Schwab Investment Management Inc54,970$703.1K0.00%−1,435−2.5%Reduced
Morgan Stanley53,773$687.8K0.00%+5,710+11.9%Added
Commonwealth Equity Services, LLC48,998$627.0K0.00%+928+1.9%Added
Bank of New York Mellon Corp48,201$616.5K0.00%+467+1.0%Added
JPMorgan Chase & Co47,909$612.8K0.00%+26,458+123.3%Added
Toroso Investments, LLC45,085$576.6K0.00%+12,348+37.7%Added
Price T Rowe Associates Inc40,321$516.0K0.00%+18,090+81.4%Added
AQR Capital Management LLC38,627$494.0K0.00%+19,036+97.2%Added
Qube Research & Technologies Ltd38,506$492.5K0.00%+11,454+42.3%Added
Magnus Financial Group LLC34,814$445.3K0.04%+70+0.2%Added
Quadrature Capital Ltd30,593$391.6K0.00%+30,593New
PBMares Wealth Management LLC30,160$385.7K0.06%−650−2.1%Reduced
Perritt Capital Management Inc26,498$338.9K0.16%−5,653−17.6%Reduced
AdvisorShares Investments LLC26,233$335.5K0.05%−25,778−49.6%Reduced
Invesco Ltd.26,133$334.2K0.00%+5,757+28.3%Added
Barclays PLC25,570$327.0K0.00%−3,293−11.4%Reduced
Rhumbline Advisers24,697$315.9K0.00%−1,816−6.8%Reduced
United Advisor Group, LLC24,550$314.0K0.04%+24,550New
Nuveen, LLC22,675$290.0K0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The22,614$289.2K0.00%−661−2.8%Reduced
Gladstone Institutional Advisory LLC21,435$274.2K0.01%−11,000−33.9%Reduced
Alliancebernstein L.P.21,410$273.8K0.00%+1,500+7.5%Added
Geode Capital Management, LLC20,833$267.0K0.00%+2,466+13.4%Added
Mariner, LLC20,483$262.0K0.00%−169−0.8%Reduced
Martingale Asset Management L P20,222$258.6K0.01%00.0%Unchanged
UBS Group AG19,782$253.0K0.00%−3,102−13.6%Reduced
Everett Harris & Co18,500$236.6K0.00%00.0%Unchanged
Quantinno Capital Management LP18,189$232.6K0.00%+7,629+72.2%Added
AlTi Global, Inc.16,122$213.8K0.01%+554+3.6%Added
Two Sigma Investments, LP16,098$205.9K0.00%−23,520−59.4%Reduced
Wells Fargo & Company13,919$178.0K0.00%+2,783+25.0%Added
HB Wealth Management, LLC12,498$159.8K0.00%+61+0.5%Added
Citigroup Inc12,325$157.6K0.00%+249+2.1%Added
MML Investors Services, LLC11,438$146.3K0.00%+11,438New
Dumont & Blake Investment Advisors LLC11,217$143.5K0.03%00.0%Unchanged
Envestnet Asset Management Inc10,650$136.2K0.00%+10,650New
MetLife Investment Management9,960$127.4K0.00%00.0%Unchanged
Deutsche Bank AG9,557$122.2K0.00%00.0%Unchanged
State of Wyoming8,631$110.4K0.01%+4,677+118.3%Added
Mirae Asset Global ETFs Holdings Ltd.8,135$104.0K0.00%−1,362−14.3%Reduced
Bank of America Corp6,838$87.5K0.00%−209−3.0%Reduced
Russell Investments Group, Ltd.6,543$83.7K0.00%+2,991+84.2%Added
FMR LLC6,274$80.2K0.00%+4,465+246.8%Added
New York State Common Retirement Fund6,038$77.2K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA4,846$62.0K0.00%−3,265−40.3%Reduced
EverSource Wealth Advisors, LLC4,533$58.0K0.00%−2,189−32.6%Reduced
Police & Firemen's Retirement System of New Jersey4,346$55.6K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC3,310$45.8K0.00%−4,096−55.3%Reduced
STRS Ohio3,200$40.9K0.00%00.0%Unchanged
Royal Bank of Canada3,112$39.0K0.00%−10,728−77.5%Reduced
Acadian Asset Management LLC3,027$38.0K0.00%+3,027New
Geneos Wealth Management Inc.2,330$29.8K0.00%00.0%Unchanged
CWM, LLC2,160$28.0K0.00%+955+79.3%Added
Simplex Trading, LLC1,651$21.0K0.00%+1,651New
Legal & General Group Plc1,638$20.9K0.00%00.0%Unchanged
MAI Capital Management1,500$19.2K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,399$17.9K0.00%−579−29.3%Reduced
Ameritas Investment Partners, Inc.1,352$17.3K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.1,313$16.8K0.00%+1,313New
Sterling Capital Management LLC1,252$16.0K0.00%+786+168.7%Added
California State Teachers Retirement System1,081$13.8K0.00%+1,081New
Sunbelt Securities, Inc.879$11.2K0.00%+879New
Amalgamated Bank559$7.00K0.00%00.0%Unchanged
Westside Investment Management, Inc.500$6.39K0.00%00.0%Unchanged
Federation des caisses Desjardins du Quebec500$6.39K0.00%00.0%Unchanged
Essential Partners LLC495$6.33K0.00%+442+834.0%Added
The PNC Financial Services Group, Inc.406$5.19K0.00%+406New
Atlantic Union Bankshares Corp352$4.50K0.00%+352New
Quest Partners LLC301$3.85K0.00%00.0%Unchanged
Harbor Capital Advisors, Inc.215$3.00K0.00%00.0%Unchanged
Larson Financial Group LLC227$2.90K0.00%−3,374−93.7%Reduced
IFP Advisors, Inc227$2.90K0.00%−3−1.3%Reduced
GAMMA Investing LLC137$1.75K0.00%−12−8.1%Reduced
Versant Capital Management, Inc129$1.65K0.00%+129New
Covestor Ltd103$1.00K0.00%+36+53.7%Added
Smartleaf Asset Management LLC71$9290.00%+71New
Allworth Financial LP18$2310.00%−6−25.0%Reduced
True Wealth Design, LLC16$2050.00%+3+23.1%Added
Rothschild Investment LLC2$260.00%+2New
Clearstead Advisors, LLC1$130.00%+1New
Two Sigma Advisers, LP0$00.00%−67,700−100.0%Sold out
Atom Investors LP0$00.00%−25,764−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−23,414−100.0%Sold out