Ranked by reported Q1 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 | $61.2M | 0.0% | 15.552% | 1.14% |
| 2 | Long Pond Capital, LP | 5.7M | $35.1M | +266.8% | 8.917% | 3.59% |
| 3 | BlackRock, Inc. | 5.5M | $33.9M | -40.0% | 8.605% | 0.00% |
| 4 | NOMURA HOLDINGS INC | 2.9M | $17.6M | +5.5% | 4.472% | 0.06% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 2.3M | $14.2M | β | 3.619% | 0.00% |
| 6 | MILLENNIUM MANAGEMENT LLC | 1.5M | $9.0M | +6949.6% | 2.299% | 0.01% |
| 7 | Conversant Capital LLC | 1.5M | $9.0M | β | 2.287% | 1.21% |
| 8 | STATE STREET CORP | 1.3M | $8.1M | -41.1% | 1.988% | 0.00% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.3M | $8.1M | -0.6% | 2.061% | 0.00% |
| 10 | Nokomis Capital, L.L.C. | 1.1M | $6.9M | +2.6% | 1.742% | 2.09% |
| 11 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.0M | $6.3M | +3.0% | 1.607% | 0.00% |
| 12 | CITADEL ADVISORS LLC | 966K | $5.9M | +85.2% | 1.502% | 0.00% |
| 13 | TWO SIGMA INVESTMENTS, LP | 942K | $5.8M | -6.3% | 1.465% | 0.00% |
| 14 | MORGAN STANLEY | 752K | $4.6M | +18.5% | 1.170% | 0.00% |
| 15 | Point72 Asset Management, L.P. | 699K | $4.3M | β | 1.087% | 0.01% |
| 16 | PRUDENTIAL FINANCIAL INC | 648K | $4.0M | +126.8% | 1.007% | 0.00% |
| 17 | GOLDMAN SACHS GROUP INC | 641K | $3.9M | +50.1% | 0.996% | 0.00% |
| 18 | GFS Advisors, LLC | 8K | $3.7M | -96.2% | 0.013% | 0.48% |
| 19 | NORTHERN TRUST CORP | 515K | $3.2M | -2.3% | 0.801% | 0.00% |
| 20 | Waterfall Asset Management, LLC | 475K | $3.1M | β | 0.739% | 1.71% |
| 21 | Qube Research & Technologies Ltd | 440K | $2.7M | β | 0.685% | 0.00% |
| 22 | CONDOR CAPITAL MANAGEMENT | 411K | $2.5M | -1.8% | 0.639% | 0.21% |
| 23 | VANGUARD PORTFOLIO MANAGEMENT LLC | 410K | $2.5M | β | 0.638% | 0.00% |
| 24 | Brooklyn Investment Group | 350K | $2.1M | β | 0.544% | 0.07% |
| 25 | VANGUARD FIDUCIARY TRUST CO | 345K | $2.1M | β | 0.536% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in KREF β a direct measure of their conviction.
Filings activity in KREF during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new KREF position in Q1 2026
Institutions that fully closed their KREF position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 166 | +2.5% | 64.70% | 23.61 pp | $301M | 27% |
| Q4 2025 | 162 | 5.3% | 88.31% | 3.59 pp | $411M | 3.9% |
| Q3 2025 | 171 | +1.2% | 91.90% | +2.81 pp | $427M | +3.2% |
| Q2 2025 | 169 | 5.1% | 89.09% | 22.91 pp | $414M | 20% |
| Q1 2025 | 178 | +3.5% | 112.00% | +6.47 pp | $521M | +6.1% |
| Q4 2024 | 172 | +1.2% | 105.53% | 24.98 pp | $491M | 19% |
| Q3 2024 | 170 | +13% | 130.51% | +36.90 pp | $607M | +39% |
| Q2 2024 | 151 | β | 93.61% | β | $435M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal 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 Q1 2026 13F filings, institutional ownership of KKR Real Estate Finance Trust Inc. stands at 64.7%, held across 166 reporting institutions.
Kohlberg Kravis Roberts & Co. L.P. is the largest reported institutional holder of KREF, with approximately 10,000,001 shares worth $0.06B as of Q1 2026.
Yes β 4 widely-followed marquee investors appear among the top 25 institutional holders of KREF, including MILLENNIUM MANAGEMENT LLC, CITADEL ADVISORS LLC, TWO SIGMA INVESTMENTS, LP, Point72 Asset Management, L.P..
Our composite Smart Money Score for KREF is 52 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
46 institutions opened new positions in KREF during Q1 2026, while 42 fully exited. 34 added to existing positions and 85 trimmed.
KREF institutional ownership fell by 23.61 percentage points quarter-over-quarter, with a net change of +4 holders.
The top 10 institutions account for 67.5% of all reported 13F value in KREF, and the top 25 account for 86.4%.
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