Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in KREF held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Kohlberg Kravis Roberts & Co. L.P. | 10.0M | $68.4M | 0.0% | 15.552% | 1.20% |
| 2 | BlackRock, Inc. | 5.9M | $40.3M | +6.6% | 9.174% | 0.00% |
| 3 | Long Pond Capital, LP | 5.8M | $39.8M | +1.4% | 9.041% | 3.82% |
| 4 | UBS Group AG | 3.6M | $24.9M | +1392.8% | 5.663% | 0.00% |
| 5 | NOMURA HOLDINGS INC | 2.7M | $18.5M | -5.9% | 4.206% | 0.02% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 2.3M | $15.6M | -1.8% | 3.552% | 0.00% |
| 7 | DIMENSION CAPITAL MANAGEMENT LLC | 1.6M | $10.9M | — | 2.470% | 1.27% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 1.4M | $9.6M | +6.4% | 2.193% | 0.00% |
| 9 | MORGAN STANLEY | 1.3M | $8.8M | +71.6% | 2.006% | 0.00% |
| 10 | STATE STREET CORP | 1.2M | $8.2M | -7.7% | 1.836% | 0.00% |
| 11 | MILLENNIUM MANAGEMENT LLC | 970K | $6.6M | -34.4% | 1.508% | 0.00% |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 959K | $6.6M | -7.2% | 1.491% | 0.00% |
| 13 | AQR CAPITAL MANAGEMENT LLC | 860K | $5.9M | +1176.1% | 1.337% | 0.00% |
| 14 | GOLDMAN SACHS GROUP INC | 729K | $5.0M | +13.8% | 1.134% | 0.00% |
| 15 | TWO SIGMA INVESTMENTS, LP | 643K | $4.4M | -31.7% | 1.000% | 0.00% |
| 16 | NORGES BANK | 635K | $4.3M | — | 0.988% | 0.00% |
| 17 | Qube Research & Technologies Ltd | 602K | $4.1M | +36.7% | 0.936% | 0.00% |
| 18 | NORTHERN TRUST CORP | 598K | $4.1M | +16.2% | 0.930% | 0.00% |
| 19 | JANE STREET GROUP, LLC | 585K | $4.0M | +95.7% | 0.910% | 0.00% |
| 20 | WELLS FARGO & COMPANY/MN | 558K | $3.8M | +344.4% | 0.868% | 0.00% |
| 21 | VAN ECK ASSOCIATES CORP | 517K | $3.5M | +10.5% | 0.804% | 0.00% |
| 22 | VANGUARD PORTFOLIO MANAGEMENT LLC | 450K | $3.1M | +9.7% | 0.700% | 0.00% |
| 23 | Nokomis Capital, L.L.C. | 436K | $3.0M | -61.1% | 0.677% | 0.51% |
| 24 | BANK OF AMERICA CORP /DE/ | 401K | $2.7M | +90.7% | 0.624% | 0.00% |
| 25 | CITADEL ADVISORS LLC | 358K | $2.4M | -63.0% | 0.556% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in KREF — a direct measure of their conviction.
Filings activity in KREF during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new KREF position in Q2 2026
Institutions that fully closed their KREF position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 152 | 10% | 79.71% | +8.46 pp | $347M | +16% |
| Q1 2026 | 169 | +4.3% | 71.25% | 1.23 pp | $300M | 27% |
| Q4 2025 | 162 | 5.3% | 72.48% | +3.86 pp | $411M | 3.9% |
| Q3 2025 | 171 | +1.2% | 68.62% | +2.92 pp | $427M | +3.2% |
| Q2 2025 | 169 | 5.1% | 65.70% | 1.10 pp | $414M | 20% |
| Q1 2025 | 178 | +3.5% | 66.80% | 0.12 pp | $521M | +6.1% |
| Q4 2024 | 172 | +1.2% | 66.92% | +0.33 pp | $491M | 19% |
| Q3 2024 | 170 | — | 66.59% | — | $607M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as a key fundamental indicator because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Apr 24, 2026 | Salem Matthew A | Buy | 60K | $6.04 | $362K |
| Apr 24, 2026 | Mattson W Patrick | Buy | 40K | $6.03 | $241K |
Quick answers to the most common questions about buying KREF stock.
Based on Q2 2026 13F filings, institutional ownership of KKR Real Estate Finance Trust Inc. stands at 79.7%, held across 152 reporting institutions.
Kohlberg Kravis Roberts & Co. L.P. is the largest reported institutional holder of KREF, with approximately 10,000,001 shares worth $0.07B as of Q2 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of KREF, including MILLENNIUM MANAGEMENT LLC, TWO SIGMA INVESTMENTS, LP, JANE STREET GROUP, LLC, CITADEL ADVISORS LLC.
Our composite Smart Money Score for KREF is 64 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
30 institutions opened new positions in KREF during Q2 2026, while 44 fully exited. 83 added to existing positions and 36 trimmed.
KREF institutional ownership rose by 8.46 percentage points quarter-over-quarter, with a net change of -17 holders.
The top 10 institutions account for 70.6% of all reported 13F value in KREF, and the top 25 account for 88.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
KKR Real Estate Finance Trust Inc. (KREF) Institutional Ownership