Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Kkr Real Estate Fin Tr Inc (KREF)

150 + Investors. Track Smart Money conviction in KREF. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — KREF

Based on 151 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their KREF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 86% of 3.0Y peak

86% of all-time peak
151 funds currently hold this stock — 86% of the 3.0-year high of 175 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 10% fewer funds vs a year ago

fund count last 6Q
17 fewer hedge funds hold KREF compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

87 buying97 selling
Last quarter: 97 funds reduced or exited vs 87 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 27 → 19 → 45 → 35. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 23% medium ■ 23% new
81 out of 151 hedge funds have held KREF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

21 → 27 → 19 → 45 → 35 new funds/Q
New funds entering each quarter: 27 → 19 → 45 → 35. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 60% veterans vs 24% newcomers

■ 60% veterans ■ 16% 1-2yr ■ 24% new
Entry-cohort mix of 154 holders: 93 (60%) are 2+ year veterans, 24 entered 1–2 years ago, and 37 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
41 of 151 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in KREF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — KREF

In 2026 Q2, 87 hedge funds were net buyers of KREF (35 opened a new position, 52 added to an existing one), while 97 reduced or exited (46 trimmed, 51 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 44% of total institutional value in KREF is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 151.

Hedge Fund Ownership: KREF

How many hedge funds hold KREF — quarterly history vs. share price
Quarterly hedge fund ownership of KREF vs. share price

Market Analysis: KREF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: KREF

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 0 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: KREF
150 + Investors

Track Smart Money conviction in KREF. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 150 167 -10.18%
13F Shares 51M 50M 1.2%
Total Value $348M $307M 13.26%
New Positions 35 45 -10
Increased Positions 51 49 +2
Closed Positions 52 39 +13
Reduced Positions 45 54 -9
Total Calls 1 1 -
Total Puts 2 1 100.0%
PUT/CALL Ratio 2.0 1.0 Bearish

Statistics: KREF

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

150 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in KREF. Verified SEC 13F-HR filings.

QUARTER:
Top 25 KREF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Long Pond Capital, LP 3.82% 5,813,201 $39.8M
2 Dimension Capital Management LLC 1.27% 1,588,196 $10.9M
3 Kohlberg Kravis Roberts & Co. L.P. 1.20% 10,000,001 $68.4M
4 Nokomis Capital, L.L.C. 1.00% 435,600 $3.0M
5 One William Street Capital Management, L.P. 0.57% 202,000 $1.4M
6 Beach Point Capital Management LP 0.30% 115,016 $787K
7 Cura Wealth Advisors, LLC 0.29% 100,757 $689K
8 Whetstone Capital Advisors, LLC 0.07% 38,108 $261K
9 Transce3nd, LLC 0.05% 781 $6K
10 Westbourne Investments, INC. 0.05% 18,000 $123K
11 Abel Hall, LLC 0.05% 42,250 $289K
12 Fox Run Management, L.L.C. 0.03% 27,422 $188K
13 XTX Topco Ltd 0.03% 326,188 $2.2M
14 Nomura Holdings Inc 0.02% 2,704,317 $18.5M
15 Atom Investors LP 0.02% 30,613 $209K
16 Kelleher Financial Advisors 0.01% 14,126 $97K
17 Catalyst Funds Management Pty Ltd 0.01% 23,494 $161K
18 Quantum Portfolio Management LLC 0.01% 3,651 $25K
19 Jain Global LLC 0.01% 328,535 $2.2M
20 ExodusPoint Capital Management, LP 0.01% 149,351 $1.0M
21 XML Financial, LLC 0.01% 10,500 $72K
22 Caxton Associates LLP 0.01% 39,088 $267K
23 Essential Partners LLC 0.00% 1,426 $10K
24 Qube Research & Technologies Ltd 0.00% 601,842 $4.1M
25 Two Sigma Investments, LP 0.00% 643,206 $4.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Kkr Real Estate Fin Tr Inc (KREF)

What does the Smart Money Trend signal show for KREF?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their KREF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for KREF?

More sellers than buyers — 47% buying: Last quarter: 97 funds reduced or exited vs 87 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for KREF holders?

Elite ownership — 44% AUM from top-100 funds: 41 of 151 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in KREF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held KREF?

54% of holders stayed for 2+ years: 81 out of 151 hedge funds have held KREF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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