KKR Real Estate Finance TrusKREF
13F holders, Q3 2025 (September 30)173holders +3
26new positions
22sold out
6famous investors
$9.01avg. 13F price*
At the end of Q3 2025, 173 institutions reported holding KKR Real Estate Finance Trus (KREF) in their 13F filings, up 3 from Q2 2025. 26 opened new positions and 22 sold out. The largest holders were Kohlberg Kravis Roberts & Co. L.P. ($90.0M), BlackRock, Inc. ($84.5M) and Vanguard Group Inc. ($33.0M). 6 famous investors held it, including Mario Gabelli (0.0% of GAMCO Investors's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).
- Company
- KKR Real Estate Finance Trus
- CUSIP
- 48251K100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 26 | $33.2M |
| Exits | 22 | $9.8M |
All 13F filers, Q2 2025 → Q3 2025: 5,486,997 shares bought and 5,164,798 shares sold, net +322,199 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 173 holders
| Kohlberg Kravis Roberts & Co. L.P. | 1.62% | No change | 10,000,001 | $90.0M |
| BlackRock, Inc. | 0.00% | Reduce -2.8% | 9,394,055 | $84.5M |
| Vanguard Group Inc. | 0.00% | Reduce -29.7% | 3,671,655 | $33.0M |
| Nan Shan Life Insurance Co., Ltd. | 0.59% | No change | 3,060,384 | $27.5M |
| Long Pond Capital, LP | 1.51% | New | 2,321,672 | $20.9M |
| State Street Corp. | 0.00% | Reduce -1.5% | 2,209,865 | $20.4M |
| Geode Capital Management, LLC | 0.00% | Reduce -1.3% | 1,344,069 | $12.1M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.02% | Add +7.7% | 1,201,066 | $10.8M |
| Invesco Ltd. | 0.00% | Add +36.2% | 1,145,916 | $10.3M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +19.8% | 906,002 | $8.2M |
| Northern Trust Corp. | 0.00% | Reduce -1.0% | 634,825 | $5.7M |
| Morgan Stanley | 0.00% | Reduce -31.2% | 610,352 | $5.5M |
| Nomura Holdings Inc. | 0.03% | New | 579,131 | $5.2M |
| JPMorgan Chase & Co. | 0.00% | Reduce -18.5% | 576,209 | $5.2M |
| Wellington Management Group LLP | 0.00% | Add +2.1% | 547,411 | $4.9M |
| T. Rowe Price Associates Inc. | 0.00% | Add +1.7% | 496,666 | $4.5M |
| Citadel Advisors | 0.00% | Add +8.8% | 482,366 | $4.3M |
| Nokomis Capital, L.L.C. | 1.50% | Add +35.7% | 461,838 | $4.2M |
| Goldman Sachs Group Inc. | 0.00% | Add +117.3% | 404,060 | $3.6M |
| AQR Capital Management | 0.00% | Add +91.0% | 377,814 | $3.4M |
| Condor Capital Management | 0.28% | Add +8.5% | 374,058 | $3.4M |
| Van Eck Associates Corp. | 0.00% | Reduce -1.4% | 359,295 | $3.2M |
| Bank of New York Mellon Corp | 0.00% | Reduce -3.3% | 322,796 | $2.9M |
| Voya Investment Management LLC | 0.00% | Reduce -7.5% | 314,659 | $2.8M |
| Prudential Financial Inc. | 0.00% | Add +43.6% | 293,358 | $2.6M |
| Nuveen, LLC | 0.00% | Add +15.2% | 289,923 | $2.6M |
| BI Asset Management Fondsmaeglerselskab A/S | 0.02% | Add +22.3% | 287,061 | $2.6M |
| Bank of America Corp. | 0.00% | Reduce -9.6% | 282,620 | $2.5M |
| Stephens Inc. | 0.03% | Reduce -39.7% | 267,658 | $2.4M |
| Principal Financial Group Inc. | 0.00% | Reduce -6.7% | 263,476 | $2.4M |
| UBS Group AG | 0.00% | Add +49.4% | 258,575 | $2.3M |
| FMR LLC | 0.00% | Add +9.8% | 242,264 | $2.2M |
| GFS Advisors, LLC | 0.25% | Add +1.6% | 216,170 | $1.9M |
| Public Sector Pension Investment Board | 0.01% | Add +9.5% | 212,654 | $1.9M |
| D. E. Shaw & Co. | 0.00% | Reduce -61.3% | 196,900 | $1.8M |
| Wells Fargo & Company | 0.00% | Add +12.8% | 189,123 | $1.7M |
| Algert Global LLC | 0.03% | Reduce -0.1% | 170,626 | $1.5M |
| Millennium Management | 0.00% | New | 169,003 | $1.5M |
| Prevail Innovative Wealth Advisors, LLC | 0.28% | New | 157,638 | $1.4M |
| Legal & General Group Plc | 0.00% | Reduce -1.0% | 153,977 | $1.4M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +144.3% | 150,754 | $1.4M |
| Rhumbline Advisers | 0.00% | Reduce -15.5% | 141,016 | $1.3M |
| Penserra Capital Management LLC | 0.01% | Add +3.5% | 118,353 | $1.1M |
| Swiss National Bank | 0.00% | No change | 111,500 | $1.0M |
| LPL Financial LLC | 0.00% | Reduce -1.3% | 110,465 | $994K |
| Ameriprise Financial Inc. | 0.00% | Reduce -3.8% | 108,040 | $975K |
| GP Brinson Investments LLC | 0.38% | No change | 104,706 | $942K |
| Cura Wealth Advisors, LLC | 0.34% | Add +9.3% | 98,696 | $888K |
| Raymond James Financial Inc. | 0.00% | Add +25.1% | 90,934 | $818K |
| Two Sigma Investments, LP | 0.00% | Reduce -66.1% | 88,839 | $800K |
| Lighthouse Investment Partners, LLC | 0.03% | Add +14.3% | 87,772 | $790K |
| Renaissance Technologies | 0.00% | Reduce -62.8% | 83,674 | $753K |
| Barclays PLC | 0.00% | Reduce -23.9% | 82,115 | $739K |
| Wedbush Securities Inc. | 0.02% | Add +3.9% | 81,325 | $732K |
| Royal Bank of Canada | 0.00% | Reduce -41.3% | 76,723 | $691K |
| Dark Forest Capital Management LP | 0.03% | New | 74,308 | $669K |
| Stifel Financial Corp. | 0.00% | Add +20.4% | 72,461 | $652K |
| Lido Advisors, LLC | 0.00% | Reduce -0.0% | 68,716 | $636K |
| Y-Intercept (Hong Kong) Ltd | 0.01% | Reduce -4.1% | 61,636 | $555K |
| Alliancebernstein L.P. | 0.00% | Reduce -0.0% | 55,610 | $500K |
| Intech Investment Management LLC | 0.00% | Reduce -7.4% | 55,193 | $497K |
| California State Teachers Retirement System | 0.00% | Reduce -1.3% | 54,309 | $489K |
| Graham Capital Management, L.P. | 0.03% | Reduce -17.9% | 53,793 | $484K |
| CANADA LIFE ASSURANCE Co | 0.00% | No change | 49,650 | $455K |
| GAMCO Investors | 0.00% | No change | 50,000 | $450K |
| Ieq Capital, LLC | 0.00% | New | 49,845 | $449K |
| Osaic Holdings, Inc. | 0.00% | Add +7.6% | 45,506 | $438K |
| Soltis Investment Advisors LLC | 0.03% | New | 48,452 | $436K |
| XTX Topco Ltd | 0.02% | New | 47,879 | $431K |
| Jane Street Group, LLC | 0.00% | New | 47,311 | $426K |
| BNP Paribas Financial Markets | 0.00% | Add +705.6% | 47,143 | $424K |
| Caxton Associates LLP | 0.01% | Add +250.4% | 45,265 | $407K |
| Quantinno Capital Management LP | 0.00% | Add +135.1% | 42,703 | $384K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -4.4% | 41,949 | $378K |
| Deutsche Bank AG | 0.00% | Add +1.0% | 39,939 | $359K |
| Thrivent Financial for Lutherans | 0.00% | Reduce -6.1% | 39,326 | $354K |
| MetLife Investment Management, LLC | 0.00% | Reduce -13.5% | 31,964 | $288K |
| 1776 Wealth LLC | 0.11% | No change | 31,511 | $284K |
| FourThought Financial Partners, LLC | 0.02% | New | 31,326 | $282K |
| Illinois Municipal Retirement Fund | 0.00% | Add +1.0% | 29,517 | $266K |
| XML Financial, LLC | 0.02% | Reduce -6.3% | 28,950 | $261K |
| Janus Henderson Group PLC | 0.00% | No change | 28,536 | $257K |
| Cerity Partners LLC | 0.00% | Add +19.8% | 27,528 | $248K |
| State of Alaska, Department of Revenue | 0.00% | Reduce -19.1% | 27,429 | $246K |
| Drive Wealth Management, LLC | 0.05% | Reduce -79.0% | 25,141 | $233K |
| 1832 Asset Management L.P. | 0.00% | Reduce -60.4% | 25,752 | $232K |
| Louisiana State Employees Retirement System | 0.00% | Reduce -5.6% | 25,100 | $226K |
| Mariner, LLC | 0.00% | Add +123.3% | 24,942 | $224K |
| Susquehanna International Group, LLP | 0.00% | Reduce -70.7% | 24,387 | $219K |
| Arax Advisory Partners | 0.00% | New | 24,230 | $218K |
| Whetstone Capital Advisors, LLC | 0.06% | Add +18.7% | 24,209 | $218K |
| State of Tennessee, Department of Treasury | 0.00% | Add +6.1% | 24,197 | $218K |
| ExodusPoint Capital Management, LP | 0.00% | New | 23,876 | $215K |
| New York State Teachers Retirement System | 0.00% | No change | 23,401 | $211K |
| Abel Hall, LLC | 0.08% | Reduce -1.1% | 22,839 | $206K |
| AlphaQuest LLC | 0.01% | Add +11.6% | 22,720 | $204K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 22,129 | $199K |
| Comerica Bank | 0.00% | Reduce -18.0% | 20,972 | $189K |
| Cwm, LLC | 0.00% | Add +79.8% | 20,575 | $185K |
| Citigroup Inc. | 0.00% | Reduce -63.5% | 19,788 | $178K |
| Quadrature Capital Ltd | 0.00% | New | 18,631 | $168K |
| Creative Planning | 0.00% | Add +49.4% | 18,341 | $165K |
| Inceptionr LLC | 0.04% | New | 17,674 | $159K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +27.8% | 17,212 | $155K |
| Arizona State Retirement System | 0.00% | Add +0.1% | 17,056 | $154K |
| Yousif Capital Management, LLC | 0.00% | Reduce -21.3% | 16,969 | $153K |
| Amalgamated Bank | 0.00% | Add +3.5% | 16,857 | $152K |
| Mercer Global Advisors Inc. | 0.00% | New | 16,837 | $152K |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 16,821 | $151K |
| Teachers Retirement System of the State of Kentucky | 0.00% | Reduce -13.7% | 16,262 | $147K |
| Westbourne Investments, Inc. | 0.07% | Add +20.0% | 18,000 | $147K |
| SG Americas Securities, LLC | 0.00% | New | 15,947 | $144K |
| Franklin Resources Inc. | 0.00% | New | 14,903 | $134K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | New | 14,602 | $126K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -5.1% | 13,882 | $125K |
| New York State Common Retirement Fund | 0.00% | No change | 13,037 | $117K |
| Verition Fund Management LLC | 0.00% | Reduce -21.2% | 13,018 | $117K |
| Fox Run Management, L.L.C. | 0.02% | Reduce -54.3% | 12,875 | $116K |
| Oregon Public Employees Retirement Fund | 0.00% | Reduce -6.1% | 12,243 | $110K |
| STRS Ohio | 0.00% | No change | 11,400 | $103K |
| ProShare Advisors LLC | 0.00% | Reduce -15.9% | 10,715 | $96K |
| Aigen Investment Management, LP | 0.01% | New | 10,514 | $95K |
| Victory Capital Management Inc. | 0.00% | Reduce -8.5% | 10,342 | $93K |
| &partners | 0.00% | Reduce -63.3% | 10,330 | $93K |
| KLP Kapitalforvaltning As | 0.00% | No change | 9,300 | $86K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -15.0% | 9,202 | $86K |
| Parallel Advisors, LLC | 0.00% | Add +77777.8% | 7,009 | $63K |
| Russell Investments Group, Ltd. | 0.00% | Add +700.4% | 6,851 | $62K |
| Cloud Capital Management, LLC | 0.03% | New | 5,264 | $48K |
| Ameritas Investment Partners, Inc. | 0.00% | Reduce -18.5% | 4,773 | $43K |
| Allworth Financial LP | 0.00% | Add +7.0% | 4,669 | $42K |
| Geneos Wealth Management Inc. | 0.00% | Add +29.0% | 4,450 | $40K |
| Versant Capital Management, Inc | 0.01% | Reduce -2.6% | 4,047 | $36K |
| Sterling Capital Management LLC | 0.00% | Add +155.6% | 3,942 | $35K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -90.0% | 3,872 | $35K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -19.6% | 3,339 | $30K |
| Larson Financial Group LLC | 0.00% | Add +74.2% | 2,793 | $25K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -54.6% | 2,604 | $23K |
| Public Employees Retirement System of Ohio | 0.00% | Add +6.4% | 2,179 | $20K |
| Essential Partners LLC | 0.01% | Add +373.5% | 2,003 | $18K |
| Future Financial Wealth Managment LLC | 0.01% | No change | 2,000 | $18K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -99.5% | 1,476 | $13K |
| PNC Financial Services Group, Inc. | 0.00% | Add +45.6% | 1,271 | $11K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | No change | 1,270 | $11K |
| GHP Investment Advisors, Inc. | 0.00% | New | 1,196 | $11K |
| Transce3nd, LLC | 0.09% | Reduce -98.6% | 982 | $11K |
| Chilton Capital Management LLC | 0.00% | No change | 1,000 | $9K |
| Hantz Financial Services, Inc. | 0.00% | Add +305.7% | 998 | $9K |
| Chung Wu Investment Group, LLC | 0.00% | No change | 500 | $5K |
| IFP Advisors, Inc | 0.00% | Reduce -65.3% | 487 | $4K |
| GAMMA Investing LLC | 0.00% | Reduce -25.6% | 425 | $4K |
| Advisory Services Network, LLC | 0.00% | New | 415 | $4K |
| US Bancorp \de | 0.00% | Add +77.4% | 408 | $4K |
| Fifth Third Bancorp | 0.00% | Add +35.9% | 401 | $4K |
| MAI Capital Management | 0.00% | Reduce -35.8% | 358 | $3K |
| Vermillion Wealth Management, Inc. | 0.00% | New | 326 | $3K |
| Rockefeller Capital Management L.P. | 0.00% | New | 215 | $2K |
| Rothschild Investment LLC | 0.00% | Add +1.4% | 213 | $2K |
| True Wealth Design, LLC | 0.00% | Add +1492.3% | 207 | $2K |
| UMB Bank, n.a. | 0.00% | Reduce -26.7% | 137 | $1K |
| Quadrant Capital Group LLC | 0.00% | New | 134 | $1K |
| Bessemer Group Inc. | 0.00% | Reduce -27.1% | 110 | $1K |
| Simplex Trading, LLC | 0.00% | Reduce -99.7% | 137 | $1K |
| Salomon & Ludwin, LLC | 0.00% | New | 83 | $751 |
| Parkside Financial Bank & Trust | 0.00% | No change | 67 | $603 |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -41.9% | 61 | $549 |
| Clearstead Advisors, LLC | 0.00% | Add +142.9% | 51 | $459 |
| Smartleaf Asset Management LLC | 0.00% | No change | 40 | $366 |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 40 | $360 |
| Farther Finance Advisors, LLC | 0.00% | Reduce -86.3% | 33 | $297 |
| Clearstead Trust, LLC | 0.00% | No change | 24 | $216 |
| Huntington National Bank | 0.00% | No change | 1 | $9 |
| Covestor Ltd | 0.00% | Reduce -10.0% | 9 | $0 |
"% of holder's portfolio" is KREF's weight in each manager's 13F, not the share of KKR Real Estate Finance Trus the manager owns.