KKR Real Estate Finance TrusKREF
13F holders, Q4 2025 (December 31)164holders −9
19new positions
28sold out
3famous investors
$8.24avg. 13F price*
At the end of Q4 2025, 164 institutions reported holding KKR Real Estate Finance Trus (KREF) in their 13F filings, down 9 from Q3 2025. 19 opened new positions and 28 sold out. The largest holders were Kohlberg Kravis Roberts & Co. L.P. ($82.8M), BlackRock, Inc. ($75.7M) and Vanguard Group Inc. ($30.4M). 3 famous investors held it, including Ken Griffin (0.0% of Citadel Advisors's portfolio), Cliff Asness (0.0% of AQR Capital Management's portfolio) and Israel Englander (0.0% of Millennium 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 Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 19 | $11.0M |
| Exits | 28 | $8.0M |
All 13F filers, Q3 2025 → Q4 2025: 6,263,388 shares bought and 4,202,636 shares sold, net +2,060,752 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 164 holders
| Kohlberg Kravis Roberts & Co. L.P. | 1.41% | No change | 10,000,001 | $82.8M |
| BlackRock, Inc. | 0.00% | Reduce -1.9% | 9,214,099 | $75.7M |
| Vanguard Group Inc. | 0.00% | Add +0.9% | 3,703,329 | $30.4M |
| Nan Shan Life Insurance Co., Ltd. | 0.77% | No change | 3,060,384 | $25.2M |
| Nomura Holdings Inc. | 0.06% | Add +370.8% | 2,726,787 | $22.4M |
| State Street Corp. | 0.00% | Reduce -1.7% | 2,171,890 | $18.4M |
| Long Pond Capital, LP | 1.51% | Reduce -32.7% | 1,563,088 | $12.8M |
| Geode Capital Management, LLC | 0.00% | Reduce -0.8% | 1,333,422 | $11.0M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.02% | Add +8.9% | 1,308,406 | $10.8M |
| Nokomis Capital, L.L.C. | 2.59% | Add +136.4% | 1,091,820 | $9.0M |
| Two Sigma Investments, LP | 0.01% | Add +1031.5% | 1,005,224 | $8.3M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +10.7% | 1,002,949 | $8.2M |
| Invesco Ltd. | 0.00% | Reduce -40.3% | 684,228 | $5.6M |
| Two Sigma Advisers, LP | 0.01% | New | 683,200 | $5.6M |
| Morgan Stanley | 0.00% | Add +4.0% | 634,797 | $5.2M |
| Wellington Management Group LLP | 0.00% | Add +4.9% | 574,289 | $4.7M |
| Northern Trust Corp. | 0.00% | Reduce -17.0% | 526,881 | $4.3M |
| Citadel Advisors | 0.00% | Reduce -2.3% | 471,369 | $3.9M |
| JPMorgan Chase & Co. | 0.00% | Reduce -18.4% | 470,312 | $3.9M |
| Van Eck Associates Corp. | 0.00% | Add +20.3% | 432,353 | $3.6M |
| Goldman Sachs Group Inc. | 0.00% | Add +5.6% | 426,866 | $3.5M |
| Condor Capital Management | 0.28% | Add +11.8% | 418,225 | $3.4M |
| Jane Street Group, LLC | 0.00% | Add +653.0% | 356,231 | $2.9M |
| Compass Rose Asset Management, LP | 1.76% | New | 335,000 | $2.8M |
| Bank of New York Mellon Corp | 0.00% | Reduce -5.3% | 305,691 | $2.5M |
| Bank of America Corp. | 0.00% | Add +5.1% | 297,001 | $2.4M |
| FMR LLC | 0.00% | Add +20.7% | 292,398 | $2.4M |
| BI Asset Management Fondsmaeglerselskab A/S | 0.02% | No change | 287,061 | $2.4M |
| Prudential Financial Inc. | 0.00% | Reduce -2.6% | 285,598 | $2.3M |
| Principal Financial Group Inc. | 0.00% | Reduce -1.7% | 259,096 | $2.1M |
| Nuveen, LLC | 0.00% | Reduce -15.0% | 246,481 | $2.0M |
| UBS Group AG | 0.00% | Reduce -14.0% | 222,451 | $1.8M |
| GFS Advisors, LLC | 0.21% | Reduce -2.5% | 210,870 | $1.7M |
| Beach Point Capital Management LP | 0.65% | New | 198,743 | $1.6M |
| Public Sector Pension Investment Board | 0.01% | Reduce -11.2% | 188,948 | $1.6M |
| AQR Capital Management | 0.00% | Reduce -54.6% | 171,674 | $1.4M |
| Algert Global LLC | 0.02% | No change | 170,626 | $1.4M |
| Wells Fargo & Company | 0.00% | Reduce -14.7% | 161,413 | $1.3M |
| ExodusPoint Capital Management, LP | 0.01% | Add +547.8% | 154,658 | $1.3M |
| Voya Investment Management LLC | 0.00% | Reduce -52.2% | 150,467 | $1.2M |
| Legal & General Group Plc | 0.00% | Reduce -6.1% | 144,584 | $1.2M |
| Penserra Capital Management LLC | 0.01% | Add +15.8% | 137,080 | $1.1M |
| Rhumbline Advisers | 0.00% | Reduce -8.7% | 128,810 | $1.1M |
| BNP Paribas Financial Markets | 0.00% | Add +164.3% | 124,617 | $1.0M |
| Stephens Inc. | 0.01% | Reduce -55.5% | 119,239 | $980K |
| Swiss National Bank | 0.00% | No change | 111,500 | $917K |
| Stifel Financial Corp. | 0.00% | Add +52.9% | 110,800 | $911K |
| Ameriprise Financial Inc. | 0.00% | Reduce -2.1% | 105,792 | $874K |
| GP Brinson Investments LLC | 0.37% | No change | 104,706 | $861K |
| LPL Financial LLC | 0.00% | Reduce -6.5% | 103,260 | $849K |
| Cura Wealth Advisors, LLC | 0.31% | Add +2.0% | 100,672 | $828K |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -80.2% | 98,310 | $809K |
| Barclays PLC | 0.00% | Add +6.9% | 87,750 | $721K |
| Wedbush Securities Inc. | 0.02% | Add +7.5% | 87,420 | $719K |
| XTX Topco Ltd | 0.02% | Add +75.8% | 84,190 | $692K |
| Raymond James Financial Inc. | 0.00% | Reduce -8.3% | 83,377 | $685K |
| Lido Advisors, LLC | 0.00% | No change | 68,716 | $636K |
| Quantinno Capital Management LP | 0.00% | Add +49.8% | 63,946 | $526K |
| Lighthouse Investment Partners, LLC | 0.02% | Reduce -33.0% | 58,821 | $484K |
| Royal Bank of Canada | 0.00% | Reduce -28.0% | 55,210 | $453K |
| California State Teachers Retirement System | 0.00% | Reduce -0.3% | 54,150 | $445K |
| Intech Investment Management LLC | 0.00% | Reduce -5.5% | 52,148 | $429K |
| CANADA LIFE ASSURANCE Co | 0.00% | No change | 49,650 | $409K |
| Caxton Associates LLP | 0.01% | No change | 45,265 | $372K |
| Westbourne Investments, Inc. | 0.17% | Add +143.9% | 43,900 | $361K |
| Alliancebernstein L.P. | 0.00% | Reduce -27.2% | 40,500 | $333K |
| Deutsche Bank AG | 0.00% | No change | 39,939 | $328K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -6.5% | 39,202 | $322K |
| Thrivent Financial for Lutherans | 0.00% | Reduce -5.0% | 37,350 | $307K |
| XML Financial, LLC | 0.02% | Add +25.4% | 36,300 | $298K |
| Susquehanna International Group, LLP | 0.00% | Add +47.2% | 35,894 | $295K |
| Osaic Holdings, Inc. | 0.00% | Reduce -27.4% | 33,027 | $271K |
| AlphaQuest LLC | 0.01% | Add +41.7% | 32,193 | $265K |
| DRW Securities, LLC | 0.02% | New | 31,768 | $261K |
| Janus Henderson Group PLC | 0.00% | No change | 28,536 | $235K |
| Illinois Municipal Retirement Fund | 0.00% | Reduce -3.4% | 28,527 | $234K |
| Soltis Investment Advisors LLC | 0.02% | Reduce -41.5% | 28,361 | $233K |
| MetLife Investment Management, LLC | 0.00% | Reduce -13.4% | 27,676 | $227K |
| State of Alaska, Department of Revenue | 0.00% | Reduce -0.4% | 27,309 | $224K |
| Whetstone Capital Advisors, LLC | 0.07% | Add +9.9% | 26,609 | $219K |
| Louisiana State Employees Retirement System | 0.00% | Reduce -0.8% | 24,900 | $205K |
| Graham Capital Management, L.P. | 0.01% | Reduce -54.0% | 24,723 | $203K |
| 1832 Asset Management L.P. | 0.00% | Reduce -7.7% | 23,758 | $195K |
| New York State Teachers Retirement System | 0.00% | No change | 23,401 | $192K |
| Brevan Howard Capital Management LP | 0.00% | New | 23,292 | $191K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 22,129 | $182K |
| Cerity Partners LLC | 0.00% | Reduce -23.5% | 21,048 | $173K |
| Millennium Management | 0.00% | Reduce -87.6% | 20,968 | $172K |
| SG Americas Securities, LLC | 0.00% | Add +29.6% | 20,671 | $170K |
| Abel Hall, LLC | 0.04% | Reduce -11.6% | 20,190 | $166K |
| Guggenheim Capital LLC | 0.00% | New | 19,779 | $163K |
| Quadrature Capital Ltd | 0.00% | Add +5.4% | 19,642 | $161K |
| State of Wisconsin Investment Board | 0.00% | New | 19,399 | $159K |
| Citigroup Inc. | 0.00% | Reduce -8.4% | 18,128 | $149K |
| Comerica Bank | 0.00% | Reduce -15.3% | 17,766 | $146K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +1.2% | 17,417 | $143K |
| Fox Run Management, L.L.C. | 0.02% | Add +33.8% | 17,220 | $142K |
| State of Tennessee, Department of Treasury | 0.00% | Reduce -30.8% | 16,753 | $139K |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 16,821 | $138K |
| Amalgamated Bank | 0.00% | Reduce -7.3% | 15,623 | $128K |
| Arizona State Retirement System | 0.00% | Reduce -9.2% | 15,487 | $127K |
| Franklin Resources Inc. | 0.00% | Reduce -1.4% | 14,702 | $121K |
| Yousif Capital Management, LLC | 0.00% | Reduce -13.3% | 14,708 | $118K |
| Teachers Retirement System of the State of Kentucky | 0.00% | Reduce -15.1% | 13,813 | $114K |
| Squarepoint Ops LLC | 0.00% | New | 13,466 | $111K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -3.1% | 13,457 | $111K |
| New York State Common Retirement Fund | 0.00% | No change | 13,037 | $107K |
| Russell Investments Group, Ltd. | 0.00% | Add +89.1% | 12,955 | $106K |
| Verition Fund Management LLC | 0.00% | Reduce -2.4% | 12,700 | $104K |
| Oregon Public Employees Retirement Fund | 0.00% | Add +1.6% | 12,443 | $102K |
| KLP Kapitalforvaltning As | 0.00% | Add +28.0% | 11,900 | $100K |
| Victory Capital Management Inc. | 0.00% | Add +9.3% | 11,308 | $93K |
| ProShare Advisors LLC | 0.00% | Reduce -0.0% | 10,714 | $88K |
| STRS Ohio | 0.00% | Reduce -14.9% | 9,700 | $80K |
| Cwm, LLC | 0.00% | Reduce -53.7% | 9,532 | $78K |
| Kestra Advisory Services, LLC | 0.00% | New | 8,739 | $72K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -15.2% | 7,806 | $67K |
| Parallel Advisors, LLC | 0.00% | Add +2.8% | 7,208 | $59K |
| Kelleher Financial Advisors | 0.01% | New | 6,739 | $55K |
| Versant Capital Management, Inc | 0.01% | Add +56.5% | 6,335 | $52K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 4,773 | $39K |
| Geneos Wealth Management Inc. | 0.00% | No change | 4,450 | $37K |
| Allworth Financial LP | 0.00% | Reduce -9.4% | 4,232 | $35K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +43.3% | 3,732 | $31K |
| PNC Financial Services Group, Inc. | 0.00% | Add +178.3% | 3,537 | $29K |
| Sterling Capital Management LLC | 0.00% | Reduce -21.2% | 3,105 | $26K |
| Hantz Financial Services, Inc. | 0.00% | Add +210.5% | 3,099 | $25K |
| Public Employees Retirement System of Ohio | 0.00% | Add +4.9% | 2,285 | $19K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +57.6% | 2,001 | $16K |
| GAMMA Investing LLC | 0.00% | Add +344.9% | 1,891 | $16K |
| International Assets Investment Management, LLC | 0.00% | New | 1,750 | $14K |
| Larson Financial Group LLC | 0.00% | Reduce -46.3% | 1,500 | $12K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -59.8% | 1,342 | $11K |
| Chilton Capital Management LLC | 0.00% | No change | 1,000 | $8K |
| Transce3nd, LLC | 0.06% | Reduce -5.2% | 931 | $8K |
| Kemnay Advisory Services Inc. | 0.00% | New | 835 | $7K |
| Chung Wu Investment Group, LLC | 0.00% | No change | 500 | $4K |
| Bessemer Group Inc. | 0.00% | Add +349.1% | 494 | $4K |
| Triumph Capital Management | 0.00% | New | 450 | $4K |
| UMB Bank, n.a. | 0.00% | Add +200.0% | 411 | $3K |
| Quarry LP | 0.00% | New | 400 | $3K |
| US Bancorp \de | 0.00% | Reduce -14.9% | 347 | $3K |
| Los Angeles Capital Management LLC | 0.00% | New | 295 | $2K |
| Salomon & Ludwin, LLC | 0.00% | Add +236.1% | 279 | $2K |
| IFP Advisors, Inc | 0.00% | Reduce -50.3% | 242 | $2K |
| Arax Advisory Partners | 0.00% | Reduce -99.2% | 188 | $2K |
| Covestor Ltd | 0.00% | Add +811.1% | 82 | $1K |
| Fifth Third Bancorp | 0.00% | Reduce -73.6% | 106 | $871 |
| Rothschild Investment LLC | 0.00% | Reduce -54.0% | 98 | $806 |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 71 | $584 |
| MAI Capital Management | 0.00% | Reduce -81.6% | 66 | $543 |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 61 | $501 |
| Financial Consulate, Inc. | 0.00% | New | 55 | $453 |
| Farther Finance Advisors, LLC | 0.00% | Add +60.6% | 53 | $436 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -100.0% | 44 | $362 |
| Smartleaf Asset Management LLC | 0.00% | No change | 40 | $339 |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 40 | $329 |
| Rockefeller Capital Management L.P. | 0.00% | Reduce -83.7% | 35 | $288 |
| Essential Partners LLC | 0.00% | Reduce -98.5% | 30 | $247 |
| Clearstead Advisors, LLC | 0.00% | Reduce -74.5% | 13 | $107 |
| CIBC Private Wealth Group LLC | 0.00% | New | 13 | $107 |
| Simplex Trading, LLC | 0.00% | Reduce -98.5% | 2 | $16 |
| Huntington National Bank | 0.00% | No change | 1 | $8 |
| Capital Advisors, Ltd. LLC | 0.00% | New | 22 | $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.