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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, Q1 2026

Institutional positions in Chicago Atlantic Real Estate Finance, 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
100
+1 vs. Q4 2025
Shares held
6.33M
+751.3K (+13.5%) vs. Q4 2025
Total value
$71.9M
+$3.28M (+4.8%) vs. Q4 2025
New holders
20
29 more added
Sold out
19
32 more reduced

2 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 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 holdersQ1 2026: 100 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 heldQ1 2026: $71.9M
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, Q1 2026

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

Institutions holding REFI in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.1,425,571$16.1M0.00%−15,200−1.1%Reduced
Fielder Capital Group LLC959,800$10.9M2.37%+127,632+15.3%Added
Vanguard Capital Management LLC727,853$8.24M0.00%+727,853New
State Street Corp510,533$6.01M0.00%−17,693−3.3%Reduced
Van Eck Associates Corp236,157$2.67M0.00%+236,157New
CI Private Wealth, LLC156,217$1.77M0.00%−46,584−23.0%Reduced
Clayton Partners LLC150,344$1.70M1.24%−60,656−28.7%Reduced
CDC Financial, Inc.141,550$1.60M1.33%+20,250+16.7%Added
Northern Trust Corp141,473$1.60M0.00%+5,773+4.3%Added
Connor, Clark & Lunn Investment Management Ltd.116,269$1.32M0.00%−13,845−10.6%Reduced
Vanguard Fiduciary Trust Co114,295$1.29M0.00%+114,295New
Doliver Advisors, LP111,808$1.27M0.29%+5,500+5.2%Added
Vanguard Portfolio Management LLC104,333$1.18M0.00%+104,333New
Sage Mountain Advisors LLC98,730$1.12M0.08%−22,670−18.7%Reduced
Penserra Capital Management LLC94,782$1.07M0.01%+2,659+2.9%Added
Advisor Group Holdings, Inc.84,052$951.5K0.00%−426−0.5%Reduced
Quantinno Capital Management LP75,566$855.4K0.00%+27,764+58.1%Added
Intrepid Capital Management Inc73,922$836.8K0.32%00.0%Unchanged
Price T Rowe Associates Inc56,961$645.0K0.00%+4,765+9.1%Added
Commonwealth Equity Services, LLC51,311$580.8K0.00%+1,416+2.8%Added
Renaissance Technologies LLC51,000$577.3K0.00%−4,600−8.3%Reduced
Millennium Management LLC49,595$561.4K0.00%−109,692−68.9%Reduced
Charles Schwab Investment Management Inc49,252$557.5K0.00%−5,644−10.3%Reduced
Morgan Stanley48,672$551.0K0.00%+11,928+32.5%Added
Bank of New York Mellon Corp47,937$542.6K0.00%−346−0.7%Reduced
Toroso Investments, LLC38,628$437.3K0.00%+38,628New
Magnus Financial Group LLC32,732$370.5K0.03%+106+0.3%Added
Nuveen, LLC30,819$348.9K0.00%+8,144+35.9%Added
Invesco Ltd.30,088$340.6K0.00%−745−2.4%Reduced
Great Lakes Advisors, LLC27,384$310.0K0.00%+27,384New
Rhumbline Advisers25,014$283.2K0.00%+1,610+6.9%Added
Geode Capital Management, LLC24,044$273.2K0.00%+2,424+11.2%Added
United Advisor Group, LLC23,950$271.1K0.03%00.0%Unchanged
Alliancebernstein L.P.21,410$262.5K0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The21,621$244.8K0.00%−551−2.5%Reduced
Empowered Funds, LLC19,998$226.4K0.00%+19,998New
AQR Capital Management LLC18,771$212.5K0.00%−6,304−25.1%Reduced
Bank of America Corp18,467$209.0K0.00%+4,972+36.8%Added
Everett Harris & Co18,400$208.3K0.00%−100−0.5%Reduced
AlTi Global, Inc.17,333$204.4K0.00%+600+3.6%Added
Simplex Trading, LLC17,024$192.7K0.01%+17,024New
FMR LLC16,872$191.0K0.00%+1,112+7.1%Added
Virtus Investment Advisers, Inc.15,185$171.9K0.05%+2,600+20.7%Added
UBS Group AG14,583$165.1K0.00%+9,185+170.2%Added
Mercer Global Advisors Inc13,356$151.2K0.00%−1,541−10.3%Reduced
Odyssean, LLC12,975$146.9K0.05%+988+8.2%Added
Deutsche Bank AG12,954$146.6K0.00%00.0%Unchanged
Susquehanna International Group, LLP12,580$142.4K0.00%−7,382−37.0%Reduced
MML Investors Services, LLC11,954$135.3K0.00%+11,954New
Goldman Sachs Group Inc11,341$128.4K0.00%+11,341New
Envestnet Asset Management Inc11,105$125.7K0.00%+11,105New
HB Wealth Management, LLC10,169$115.1K0.00%+10,169New
ExodusPoint Capital Management, LP10,150$114.9K0.00%+10,150New
Vivaldi Capital Management, LLC10,095$114.3K0.02%00.0%Unchanged
MetLife Investment Management9,960$112.7K0.00%00.0%Unchanged
Eurizon Capital SGR S.p.A.8,534$100.0K0.00%00.0%Unchanged
Mirae Asset Global ETFs Holdings Ltd.8,637$97.8K0.00%+204+2.4%Added
JPMorgan Chase & Co7,389$86.2K0.00%−44,692−85.8%Reduced
Wells Fargo & Company6,859$77.6K0.00%−13,493−66.3%Reduced
Vanguard Global Advisers, LLC6,440$72.9K0.00%+6,440New
The PNC Financial Services Group, Inc.6,183$70.0K0.00%+4,599+290.3%Added
Nisa Investment Advisors, LLC5,927$69.9K0.00%+3,403+134.8%Added
New York State Common Retirement Fund6,038$68.3K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey4,346$49.2K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA3,896$44.1K0.00%−230−5.6%Reduced
Barclays PLC3,370$38.1K0.00%−25,116−88.2%Reduced
STRS Ohio3,200$36.2K0.00%00.0%Unchanged
Geneos Wealth Management Inc.2,330$26.4K0.00%00.0%Unchanged
Russell Investments Group, Ltd.2,293$26.0K0.00%+63+2.8%Added
Legal & General Group Plc1,638$18.5K0.00%00.0%Unchanged
MAI Capital Management1,512$17.1K0.00%−4−0.3%Reduced
Ameritas Investment Partners, Inc.1,352$15.3K0.00%00.0%Unchanged
Citigroup Inc1,315$14.9K0.00%−9,682−88.0%Reduced
Tower Research Capital LLC (TRC)1,146$13.0K0.00%−891−43.7%Reduced
California State Teachers Retirement System982$11.1K0.00%−134−12.0%Reduced
Sunbelt Securities, Inc.879$9.95K0.00%00.0%Unchanged
GAMMA Investing LLC854$9.67K0.00%+694+433.8%Added
CWM, LLC738$8.35K0.00%−427−36.7%Reduced
Clear Street Markets LLC633$7.17K0.00%+633New
Sterling Capital Management LLC601$6.80K0.00%−445−42.5%Reduced
Central Trust Co600$6.79K0.00%+600New
Versant Capital Management, Inc521$5.90K0.00%+48+10.1%Added
Westside Investment Management, Inc.500$5.66K0.00%00.0%Unchanged
Harbor Capital Advisors, Inc.335$4.00K0.00%+124+58.8%Added
Atlantic Union Bankshares Corp352$3.98K0.00%00.0%Unchanged
North Star Investment Management Corp.342$3.87K0.00%00.0%Unchanged
Triumph Capital Management250$2.95K0.00%00.0%Unchanged
JPL Wealth Management, LLC192$2.17K0.00%+192New
SRS Capital Advisors, Inc.112$1.27K0.00%+112New
Covestor Ltd66$1.00K0.00%−45−40.5%Reduced
Zions Bancorporation, National Association60$6790.00%+60New
Essential Partners LLC57$6450.00%+33+137.5%Added
Ares Financial Consulting, LLC44$4840.00%00.0%Unchanged
Bare Financial Services, Inc41$4640.00%+41New
Allworth Financial LP39$4380.00%+5+14.7%Added
EverSource Wealth Advisors, LLC27$3050.00%−13−32.5%Reduced
IFP Advisors, Inc4$450.00%−176−97.8%Reduced
Rothschild Investment LLC2$230.00%−8−80.0%Reduced
True Wealth Design, LLC2$230.00%+1+100.0%Added
Royal Bank of Canada11$00.00%−505−97.9%Reduced