| 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.
| 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.
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