KREF — KKR REAL ESTATE FIN TR INC
Reported value held$187.12M
Funds holding (latest)39
SectorReal Estate
Funds holding (Q2 2026)27
Institutional value$137.81M · 20.30M sh
New / Add / Cut / Exit2 / 13 / 12 / 3
Top-5 / Top-10 concentration65.6% / 84.6%
Institutional holdings change
Accumulating +20.1%
(+3.40M sh)
Institutional value change
Up +34.1%
As of Q2 2026, 27 SEC-registered investment managers reported holding KREF (KKR REAL ESTATE FIN TR INC) in their latest 13F filings, with a combined reported value of $137.81M across 20.30M shares. That is +20.1% by share count (+3.40M shares) versus the previous quarter, while reported value moved +34.1%. Ownership is concentrated: the five largest holders account for 65.6% of reported value and the top ten for 84.6%.
Compared with the prior quarter, 2 opened new positions, 13 added to existing stakes, 12 trimmed, 3 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.
KREF is classified in the Real Estate sector.
All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.
Q2 2026 — 27 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 5.90M | $40.35M | 0.00% | Add |
| UBS Group AG history | 3.64M | $24.90M | 0.00% | Add |
| Geode Capital Management history | 1.41M | $9.65M | 0.00% | Add |
| Morgan Stanley history | 1.29M | $8.83M | 0.00% | Add |
| Millennium Management history | 969.95K | $6.63M | 0.00% | Reduce |
| Charles Schwab Investment Management history | 958.93K | $6.56M | 0.00% | Reduce |
| AQR Capital Management history | 859.78K | $5.88M | 0.00% | Add |
| Goldman Sachs Group history | 729.04K | $4.99M | 0.00% | Add |
| Two Sigma Investments history | 643.21K | $4.40M | 0.00% | Reduce |
| Norges Bank Investment Management history | 635.00K | $4.34M | 0.00% | New |
| Northern Trust Corp history | 598.25K | $4.09M | 0.00% | Add |
| Wells Fargo & Co history | 557.84K | $3.82M | 0.00% | Add |
| Bank of America Corp history | 401.12K | $2.74M | 0.00% | Add |
| Citadel Advisors history | 357.73K | $2.45M | 0.00% | Reduce |
| JPMorgan Chase & Co history | 237.40K | $1.68M | 0.00% | New |
| D. E. Shaw & Co history | 244.11K | $1.67M | 0.00% | Reduce |
| Invesco Ltd history | 192.25K | $1.32M | 0.00% | Reduce |
| BNY Mellon history | 178.36K | $1.22M | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 154.25K | $1.06M | 0.00% | Reduce |
| Deutsche Bank AG history | 52.82K | $361.29K | 0.00% | Add |
| Manulife Financial history | 37.19K | $254.40K | 0.00% | Reduce |
| Balyasny Asset Management history | 30.83K | $210.86K | 0.00% | Reduce |
| Citigroup Inc history | 25.81K | $176.57K | 0.00% | Reduce |
| PNC Financial Services history | 15.08K | $103.17K | 0.00% | Add |
| Franklin Resources history | 14.56K | $99.57K | 0.00% | Reduce |
| Legal & General Investment Management America history | 5.47K | $37.45K | 0.00% | Reduce |
| T. Rowe Price Associates history | 158.42K | $1.08K | 0.00% | Add |
Q1 2026 — 28 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 5.53M | $33.86M | 0.00% | Reduce |
| Millennium Management history | 1.48M | $9.05M | 0.00% | Add |
| Geode Capital Management history | 1.33M | $8.11M | 0.00% | Reduce |
| Charles Schwab Investment Management history | 1.03M | $6.32M | 0.00% | Add |
| Citadel Advisors history | 965.94K | $5.91M | 0.00% | Add |
| Two Sigma Investments history | 942.20K | $5.77M | 0.01% | Reduce |
| Morgan Stanley history | 752.05K | $4.60M | 0.00% | Add |
| Point72 Asset Management history | 699.22K | $4.28M | 0.01% | New |
| Prudential Financial history | 647.75K | $3.96M | 0.01% | Add |
| Goldman Sachs Group history | 640.76K | $3.92M | 0.00% | Add |
| Northern Trust Corp history | 515.04K | $3.15M | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 303.75K | $1.86M | 0.00% | Add |
| D. E. Shaw & Co history | 293.09K | $1.79M | 0.00% | New |
| Balyasny Asset Management history | 276.49K | $1.69M | 0.00% | New |
| UBS Group AG history | 243.91K | $1.49M | 0.00% | Add |
| Bank of America Corp history | 210.30K | $1.29M | 0.00% | Reduce |
| Invesco Ltd history | 194.05K | $1.19M | 0.00% | Reduce |
| Marshall Wace history | 170.69K | $1.04M | 0.00% | New |
| BNY Mellon history | 163.74K | $1.00M | 0.00% | Reduce |
| Wells Fargo & Co history | 125.52K | $768.20K | 0.00% | Reduce |
| Citigroup Inc history | 79.33K | $485.49K | 0.00% | Add |
| AQR Capital Management history | 67.37K | $412.33K | 0.00% | Reduce |
| Legal & General Investment Management America history | 45.72K | $279.78K | 0.00% | Reduce |
| Manulife Financial history | 37.73K | $230.92K | 0.00% | Reduce |
| Deutsche Bank AG history | 19.17K | $117.30K | 0.00% | Reduce |
| Franklin Resources history | 19.16K | $117.25K | 0.00% | Add |
| PNC Financial Services history | 7.24K | $44.28K | 0.00% | Add |
| T. Rowe Price Associates history | 109.30K | $669 | 0.00% | Add |
Q4 2025 — 30 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 9.21M | $75.74M | 0.00% | Reduce |
| Vanguard Group history | 3.70M | $30.44M | 0.00% | Add |
| Geode Capital Management history | 1.33M | $10.96M | 0.00% | Reduce |
| Two Sigma Investments history | 1.01M | $8.26M | 0.01% | Add |
| Charles Schwab Investment Management history | 1.00M | $8.24M | 0.00% | Add |
| Invesco Ltd history | 684.23K | $5.62M | 0.00% | Reduce |
| Morgan Stanley history | 634.80K | $5.22M | 0.00% | Add |
| Wellington Management Group history | 574.29K | $4.72M | 0.00% | Add |
| Northern Trust Corp history | 526.88K | $4.33M | 0.00% | Reduce |
| Citadel Advisors history | 521.47K | $4.29M | 0.00% | Reduce |
| JPMorgan Chase & Co history | 470.31K | $3.87M | 0.00% | Reduce |
| Goldman Sachs Group history | 426.87K | $3.51M | 0.00% | Add |
| BNY Mellon history | 305.69K | $2.51M | 0.00% | Reduce |
| Bank of America Corp history | 297.00K | $2.44M | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 292.40K | $2.40M | 0.00% | Add |
| Prudential Financial history | 285.60K | $2.35M | 0.00% | Reduce |
| Principal Global Investors history | 259.10K | $2.13M | 0.00% | Reduce |
| UBS Group AG history | 222.45K | $1.83M | 0.00% | Reduce |
| PSP Investments history | 188.95K | $1.55M | 0.01% | Reduce |
| AQR Capital Management history | 171.67K | $1.41M | 0.00% | Reduce |
| Wells Fargo & Co history | 161.41K | $1.33M | 0.00% | Reduce |
| Legal & General Investment Management America history | 144.58K | $1.19M | 0.00% | Reduce |
| Deutsche Bank AG history | 39.94K | $328.30K | 0.00% | Hold |
| Manulife Financial history | 39.20K | $322.24K | 0.00% | Reduce |
| Janus Henderson Group history | 28.54K | $234.71K | 0.00% | Hold |
| Millennium Management history | 20.97K | $172.36K | 0.00% | Reduce |
| Citigroup Inc history | 18.13K | $149.01K | 0.00% | Reduce |
| Franklin Resources history | 14.70K | $120.85K | 0.00% | Reduce |
| PNC Financial Services history | 3.54K | $29.07K | 0.00% | Add |
| T. Rowe Price Associates history | 98.31K | $809 | 0.00% | Reduce |
Q3 2025 — 32 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 9.39M | $84.55M | 0.00% | Reduce |
| Vanguard Group history | 3.67M | $33.04M | 0.00% | Reduce |
| Geode Capital Management history | 1.34M | $12.10M | 0.00% | Reduce |
| Invesco Ltd history | 1.15M | $10.31M | 0.00% | Add |
| Charles Schwab Investment Management history | 906.00K | $8.15M | 0.00% | Add |
| Northern Trust Corp history | 634.83K | $5.71M | 0.00% | Reduce |
| Morgan Stanley history | 610.35K | $5.49M | 0.00% | Reduce |
| JPMorgan Chase & Co history | 576.21K | $5.19M | 0.00% | Reduce |
| Wellington Management Group history | 547.41K | $4.93M | 0.00% | Add |
| Citadel Advisors history | 531.57K | $4.78M | 0.00% | Reduce |
| Goldman Sachs Group history | 404.06K | $3.64M | 0.00% | Add |
| AQR Capital Management history | 377.81K | $3.40M | 0.00% | Add |
| BNY Mellon history | 322.80K | $2.91M | 0.00% | Reduce |
| Prudential Financial history | 293.36K | $2.64M | 0.00% | Add |
| Bank of America Corp history | 282.62K | $2.54M | 0.00% | Reduce |
| Principal Global Investors history | 263.48K | $2.37M | 0.00% | Reduce |
| UBS Group AG history | 258.57K | $2.33M | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 242.26K | $2.18M | 0.00% | Add |
| PSP Investments history | 212.65K | $1.91M | 0.01% | Add |
| D. E. Shaw & Co history | 196.90K | $1.77M | 0.00% | Reduce |
| Wells Fargo & Co history | 189.12K | $1.70M | 0.00% | Add |
| Millennium Management history | 169.00K | $1.52M | 0.00% | New |
| Legal & General Investment Management America history | 153.98K | $1.39M | 0.00% | Reduce |
| Two Sigma Investments history | 88.84K | $799.55K | 0.00% | Reduce |
| Renaissance Technologies history | 83.67K | $753.07K | 0.00% | Reduce |
| Manulife Financial history | 41.95K | $377.54K | 0.00% | Reduce |
| Deutsche Bank AG history | 39.94K | $359.45K | 0.00% | Add |
| Janus Henderson Group history | 28.54K | $257.25K | 0.00% | Hold |
| Citigroup Inc history | 19.79K | $178.09K | 0.00% | Reduce |
| Franklin Resources history | 14.90K | $134.13K | 0.00% | New |
| PNC Financial Services history | 1.27K | $11.44K | 0.00% | Add |
| T. Rowe Price Associates history | 496.67K | $4.47K | 0.00% | Add |
Q2 2025 — 31 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 9.66M | $84.73M | 0.00% | Reduce |
| Vanguard Group history | 5.22M | $45.81M | 0.00% | Reduce |
| Geode Capital Management history | 1.36M | $11.94M | 0.00% | Reduce |
| Morgan Stanley history | 887.37K | $7.78M | 0.00% | Add |
| Invesco Ltd history | 841.50K | $7.38M | 0.00% | Add |
| Charles Schwab Investment Management history | 756.22K | $6.63M | 0.00% | Add |
| JPMorgan Chase & Co history | 707.30K | $6.20M | 0.00% | Reduce |
| Northern Trust Corp history | 641.12K | $5.62M | 0.00% | Reduce |
| Citadel Advisors history | 585.70K | $5.14M | 0.00% | Add |
| Balyasny Asset Management history | 536.08K | $4.70M | 0.01% | Add |
| Wellington Management Group history | 535.99K | $4.70M | 0.00% | Reduce |
| D. E. Shaw & Co history | 508.96K | $4.46M | 0.00% | Add |
| BNY Mellon history | 333.75K | $2.93M | 0.00% | Reduce |
| Bank of America Corp history | 312.60K | $2.74M | 0.00% | Add |
| Principal Global Investors history | 282.43K | $2.48M | 0.00% | Reduce |
| Two Sigma Investments history | 261.79K | $2.30M | 0.00% | Reduce |
| Renaissance Technologies history | 224.95K | $1.97M | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 220.59K | $1.93M | 0.00% | Add |
| Prudential Financial history | 204.31K | $1.79M | 0.00% | Add |
| AQR Capital Management history | 197.84K | $1.74M | 0.00% | New |
| PSP Investments history | 194.13K | $1.70M | 0.01% | Add |
| Goldman Sachs Group history | 185.91K | $1.63M | 0.00% | Reduce |
| UBS Group AG history | 173.04K | $1.52M | 0.00% | Add |
| Wells Fargo & Co history | 167.73K | $1.47M | 0.00% | Add |
| Legal & General Investment Management America history | 155.47K | $1.36M | 0.00% | Reduce |
| Citigroup Inc history | 54.16K | $474.96K | 0.00% | Reduce |
| Manulife Financial history | 43.88K | $384.87K | 0.00% | Add |
| Deutsche Bank AG history | 39.53K | $346.65K | 0.00% | Reduce |
| Janus Henderson Group history | 28.54K | $250.12K | 0.00% | Hold |
| PNC Financial Services history | 873 | $7.66K | 0.00% | Reduce |
| T. Rowe Price Associates history | 488.15K | $4.28K | 0.00% | Hold |
Q1 2025 — 33 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| BlackRock Inc history | 10.30M | $111.23M | 0.00% | Hold |
| Vanguard Group history | 6.31M | $68.12M | 0.00% | Reduce |
| Geode Capital Management history | 1.38M | $14.94M | 0.00% | Add |
| Morgan Stanley history | 862.73K | $9.32M | 0.00% | Reduce |
| JPMorgan Chase & Co history | 777.62K | $8.40M | 0.00% | Add |
| Northern Trust Corp history | 671.02K | $7.25M | 0.00% | Reduce |
| Charles Schwab Investment Management history | 666.97K | $7.20M | 0.00% | Add |
| Wellington Management Group history | 560.85K | $6.06M | 0.00% | Add |
| Citadel Advisors history | 493.33K | $5.33M | 0.00% | Reduce |
| Invesco Ltd history | 437.84K | $4.73M | 0.00% | Reduce |
| D. E. Shaw & Co history | 405.11K | $4.38M | 0.00% | Add |
| Millennium Management history | 353.22K | $3.81M | 0.00% | Add |
| BNY Mellon history | 343.62K | $3.71M | 0.00% | Reduce |
| Marshall Wace history | 293.76K | $3.17M | 0.00% | Add |
| Two Sigma Investments history | 291.14K | $3.14M | 0.01% | Add |
| Principal Global Investors history | 287.75K | $3.11M | 0.00% | Add |
| Goldman Sachs Group history | 224.70K | $2.43M | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 198.13K | $2.14M | 0.00% | Add |
| PSP Investments history | 183.02K | $1.98M | 0.01% | Add |
| Wells Fargo & Co history | 162.93K | $1.76M | 0.00% | Add |
| Legal & General Investment Management America history | 156.40K | $1.69M | 0.00% | Reduce |
| Bank of America Corp history | 125.91K | $1.36M | 0.00% | Add |
| UBS Group AG history | 123.04K | $1.33M | 0.00% | Reduce |
| Balyasny Asset Management history | 114.43K | $1.24M | 0.00% | Reduce |
| Citigroup Inc history | 89.68K | $968.59K | 0.00% | Add |
| Prudential Financial history | 56.41K | $609.26K | 0.00% | Reduce |
| Deutsche Bank AG history | 48.78K | $526.79K | 0.00% | Reduce |
| Manulife Financial history | 41.18K | $444.78K | 0.00% | Reduce |
| Renaissance Technologies history | 37.80K | $408.24K | 0.00% | Add |
| Janus Henderson Group history | 28.54K | $311.76K | 0.00% | Hold |
| PNC Financial Services history | 6.93K | $74.88K | 0.00% | Add |
| T. Rowe Price Associates history | 487.18K | $5.26K | 0.00% | Add |
| Amundi US history | 134 | $1.37K | 0.00% | Add |
New Positions (Q2 2026)
- Norges Bank Investment Management 635.00K sh · $4.34M
- JPMorgan Chase & Co 237.40K sh · $1.68M
Fully Exited (vs previous quarter)
- Point72 Asset Management sold 699.22K sh · $4.28M
- Prudential Financial sold 647.75K sh · $3.96M
- Marshall Wace sold 170.69K sh · $1.04M
Fund Position History — shares by quarter (top 20 funds)
| Fund | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BlackRock Inc | 5.90M | 5.53M | 9.21M | 9.39M | 9.66M | 10.30M | 10.28M | 10.24M | — | — | — | — | — | — | — | — | — | — | — | — |
| UBS Group AG | 3.64M | 243.91K | 222.45K | 258.57K | 173.04K | 123.04K | 215.61K | 153.75K | 137.50K | 151.69K | 152.99K | 115.64K | 146.49K | 133.80K | 110.33K | 174.41K | 119.51K | 142.66K | 179.37K | 129.16K |
| Geode Capital Management | 1.41M | 1.33M | 1.33M | 1.34M | 1.36M | 1.38M | 1.37M | 1.36M | 1.37M | 1.33M | 1.30M | 1.24M | 1.20M | 1.11M | 1.07M | 1.01M | 894.67K | 740.98K | 716.62K | 559.88K |
| Morgan Stanley | 1.29M | 752.05K | 634.80K | 610.35K | 887.37K | 862.73K | 928.57K | 853.69K | 663.88K | 720.15K | 875.54K | 1.09M | 1.06M | 32.00K | 6.00K | 6.00K | 6.00K | 6.00K | 42.00K | 518.33K |
| Millennium Management | 969.95K | 1.48M | 20.97K | 169.00K | — | 353.22K | 280.65K | 199.62K | 79.43K | 14.36K | 122.75K | 141.54K | 33.27K | 922.68K | 448.42K | — | 15.86K | — | — | — |
| Charles Schwab Investment Management | 958.93K | 1.03M | 1.00M | 906.00K | 756.22K | 666.97K | 637.86K | 722.48K | 810.33K | 874.35K | 804.21K | 699.85K | 589.86K | 491.56K | 426.20K | 424.97K | 356.54K | 303.51K | 293.14K | 266.53K |
| AQR Capital Management | 859.78K | 67.37K | 171.67K | 377.81K | 197.84K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Goldman Sachs Group | 729.04K | 640.76K | 426.87K | 404.06K | 185.91K | 224.70K | 277.95K | 242.91K | 238.32K | 273.74K | 240.83K | 616.13K | 766.68K | 663.86K | 2.26M | 2.14M | 1.87M | 2.24M | 2.28M | 2.30M |
| Two Sigma Investments | 643.21K | 942.20K | 1.01M | 88.84K | 261.79K | 291.14K | 59.02K | 115.78K | — | — | 17.13K | — | — | — | — | 36.43K | 173.69K | 332.51K | 75.85K | 117.01K |
| Norges Bank Investment Management | 635.00K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Northern Trust Corp | 598.25K | 515.04K | 526.88K | 634.83K | 641.12K | 671.02K | 690.83K | 567.51K | 553.84K | 582.35K | 600.37K | 599.93K | 603.00K | 745.40K | 757.84K | 757.09K | 696.29K | 567.36K | 587.30K | 562.00K |
| Wells Fargo & Co | 557.84K | 125.52K | 161.41K | 189.12K | 167.73K | 162.93K | 158.67K | 133.45K | 103.08K | 103.94K | 188.21K | 191.75K | 170.79K | 188.22K | 213.46K | 215.16K | 238.53K | 218.49K | 229.00K | 254.18K |
| Bank of America Corp | 401.12K | 210.30K | 297.00K | 282.62K | 312.60K | 125.91K | 78.03K | 58.77K | 50.03K | 37.29K | 85.03K | 116.71K | 61.27K | 70.57K | 39.64K | 16.47K | 16.40K | 39.65K | 70.98K | 65.52K |
| Citadel Advisors | 357.73K | 965.94K | 521.47K | 531.57K | 585.70K | 493.33K | 565.03K | 385.28K | 234.50K | 178.78K | 174.84K | 43.15K | 90.04K | 237.31K | 131.14K | 193.87K | 540.35K | 457.81K | 172.62K | 55.65K |
| JPMorgan Chase & Co | 237.40K | — | 470.31K | 576.21K | 707.30K | 777.62K | 728.88K | 553.27K | 664.78K | 753.09K | 739.22K | 660.92K | 658.91K | 529.32K | 1.90M | 1.60M | 1.61M | 1.22M | 200.00K | 860.12K |
| D. E. Shaw & Co | 244.11K | 293.09K | — | 196.90K | 508.96K | 405.11K | 319.23K | 281.75K | 296.03K | 165.20K | 22.14K | — | — | — | — | — | — | — | — | — |
| Invesco Ltd | 192.25K | 194.05K | 684.23K | 1.15M | 841.50K | 437.84K | 716.64K | 1.31M | 1.61M | 1.49M | 1.20M | 323.98K | 274.30K | 873.96K | 806.86K | 793.72K | 854.34K | 915.20K | 853.12K | 792.93K |
| BNY Mellon | 178.36K | 163.74K | 305.69K | 322.80K | 333.75K | 343.62K | 355.16K | 358.34K | 396.00K | 403.56K | 420.89K | 433.98K | 463.70K | 542.65K | 578.02K | 557.96K | 474.70K | 438.28K | 422.07K | 381.94K |
| Fidelity Management & Research (FMR) | 154.25K | 303.75K | 292.40K | 242.26K | 220.59K | 198.13K | 176.59K | 255.60K | 247.15K | 230.51K | 204.06K | 226.77K | 218.84K | 149.71K | 767 | 1.68K | 77.00K | 1.17K | 677 | 1.59K |
| Deutsche Bank AG | 52.82K | 19.17K | 39.94K | 39.94K | 39.53K | 48.78K | 54.52K | 35.66K | 27.10K | 27.16K | 25.34K | 26.11K | 22.05K | 35.19K | 24.30K | 23.93K | 24.46K | 23.33K | 24.80K | 21.86K |
▲ Bought Low (fund opened/added, stock rose ≥5% next quarter) ▼ Sold High (fund reduced, stock fell ≥5% next quarter)
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