Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

KKR REAL ESTATE FIN TR INC (KREF)

153 + 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
↓ -9
Streak
1Q ▼
Buyers last Q
40%

Smart Money Signals — KREF

Based on 151 hedge funds · latest filing: 2025 Q4 · 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 — 92% of 3.0Y peak

92% of all-time peak
151 funds currently hold this stock — 92% of the 3.0-year high of 165 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 6% fewer funds vs a year ago

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

More sellers than buyers — 40% buying

64 buying95 selling
Last quarter: 95 funds reduced or exited vs 64 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 (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 25 → 20 → 27 → 19. 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.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 24% medium ■ 15% new
93 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.
💎

Buying through price weakness — shares +4%, value -98%

Value
-97%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -98%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~19 new funds/quarter

25 → 25 → 20 → 27 → 19 new funds/Q
New funds entering each quarter: 25 → 20 → 27 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 14% 1-2yr ■ 17% new
Of 153 current holders: 105 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 89% AUM from top-100 funds

89% from top-100 AUM funds
32 of 151 holders are among the 100 largest funds by AUM, controlling 89% 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.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 2025 Q4, 64 hedge funds were net buyers of KREF (19 opened a new position, 45 added to an existing one), while 95 reduced or exited (67 trimmed, 28 sold completely) — a 40% buyer ratio, indicating roughly balanced activity. 89% of total institutional value in KREF is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -9 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

Real Estate REIT - Mortgage

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

37 top-rated funds 1 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: KREF
2026 Q1 Stats Unlock in 8 days 153 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 153 162 -5.56%
13F Shares 51M 49M 4.29%
Total Value $2.05B $90.35B -97.73%
New Positions 19 27 -8
Increased Positions 48 56 -8
Closed Positions 28 24 +4
Reduced Positions 71 65 +6
Total Calls 1 1 -
Total Puts 1 1 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: KREF

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Valuation Measures Data as of: --

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Enterprise Value --
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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

153 + investors

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

Top 25 institutional holders of KREF — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Waterfall Asset Management, LLC 1.71% 475,154 $3.1M
2 GFS Advisors, LLC 0.48% 8,094 $3.7M
3 Beach Point Capital Management LP 0.28% 115,016 $704K
4 CURA WEALTH ADVISORS, LLC 0.28% 100,515 $615K
5 CONDOR CAPITAL MANAGEMENT 0.21% 410,742 $2.5M
6 Park Capital Management, LLC / WI 0.17% 28,647 $175K
7 Brooklyn Investment Group 0.07% 350,044 $2.1M
8 Empirical Asset Management, LLC 0.05% 32,894 $201K
9 Abel Hall, LLC 0.05% 40,264 $246K
10 Transce3nd, LLC 0.04% 823 $5K
11 Y-Intercept (Hong Kong) Ltd 0.03% 261,690 $1.6M
12 Able Wealth Management LLC 0.03% 18,278 $112K
13 Catalyst Funds Management Pty Ltd 0.03% 28,844 $177K
14 AIRE ADVISORS, LLC 0.02% 21,554 $132K
15 BI Asset Management Fondsmaeglerselskab A/S 0.02% 287,061 $2K
16 WEDBUSH SECURITIES INC 0.02% 85,315 —
17 AlphaQuest LLC 0.01% 32,193 $265K
18 XML Financial, LLC 0.01% 28,650 $175K
19 KELLEHER FINANCIAL ADVISORS 0.01% 6,882 $42K
20 Penserra Capital Management LLC 0.01% 141,056 —
21 Occidental Asset Management, LLC 0.01% 10,953 $67K
22 STEPHENS INC /AR/ 0.00% 64,411 $394K
23 Soltis Investment Advisors LLC 0.00% 12,689 $78K
24 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% 11,500 $69K
25 Resonant Capital Advisors, LLC 0.00% 11,269 $72K
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 — 40% buying: Last quarter: 95 funds reduced or exited vs 64 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 — 89% AUM from top-100 funds: 32 of 151 holders are among the 100 largest funds by AUM, controlling 89% 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?

62% of holders stayed for 2+ years: 93 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.