Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Kkr Real Estate Fin Tr Inc (KREF)

166 + 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
↑ +6
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — KREF

Based on 167 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added KREF than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
167 hedge funds hold KREF right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
8 fewer hedge funds hold KREF compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

94 buying94 selling
Last quarter: 94 funds bought or added vs 94 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+26 vs last Q)

new funds entering per quarter
Funds opening a new KREF position: 21 → 27 → 19 → 45. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 29% medium ■ 22% new
82 out of 167 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 -1%, value -85%

Value
-85%
Shares
-1%
Last quarter: funds added -1% more shares while total portfolio value only changed -85%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

26 → 21 → 27 → 19 → 45 new funds/Q
New funds entering each quarter: 21 → 27 → 19 → 45. A growing number of institutions are discovering KREF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 60% veterans vs 25% newcomers

■ 60% veterans ■ 14% 1-2yr ■ 25% new
Entry-cohort mix of 169 holders: 102 (60%) are 2+ year veterans, 24 entered 1–2 years ago, and 43 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds
38 of 167 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 2026 Q1, 94 hedge funds were net buyers of KREF (45 opened a new position, 49 added to an existing one), while 94 reduced or exited (55 trimmed, 39 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 22% of total institutional value in KREF is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 167.

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

-- --

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

Is It Too Late to Buy Kkr Real Estate Fin Tr Inc (KREF) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much KREF has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
KREF
nan%
XLRE
+7.7%

KREF outperformed XLRE by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
KREF
nan%
XLRE
+1.7%

Since the filing became public, KREF outperformed XLRE by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 1 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: KREF
166 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 166 161 3.11%
13F Shares 50M 51M -1.49%
Total Value $307M $2.05B -85.03%
New Positions 44 19 +25
Increased Positions 49 47 +2
Closed Positions 39 28 +11
Reduced Positions 54 72 -18
Total Calls 1 1 -
Total Puts 1 1 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: KREF

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

166 + investors

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

QUARTER:
Top 25 KREF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Long Pond Capital, LP 3.35% 5,733,513 $35.1M
2 Nokomis Capital, L.L.C. 1.97% 1,119,822 $6.9M
3 Waterfall Asset Management, LLC 1.71% 475,154 $3.1M
4 Conversant Capital LLC 1.21% 1,470,600 $9.0M
5 Kohlberg Kravis Roberts & Co. L.P. 1.14% 10,000,001 $61.2M
6 Endure Capital Management, LLC 1.06% 252,523 $1.5M
7 Beach Point Capital Management LP 0.28% 115,016 $704K
8 Cura Wealth Advisors, LLC 0.28% 100,515 $615K
9 Condor Capital Management 0.21% 410,742 $2.5M
10 Park Capital Management, LLC / WI 0.17% 28,647 $175K
11 EntryPoint Capital, LLC 0.12% 67,421 $413K
12 Whetstone Capital Advisors, LLC 0.08% 38,108 $233K
13 Brooklyn Investment Group 0.07% 350,044 $2.1M
14 Empirical Asset Management, LLC 0.05% 32,894 $201K
15 Abel Hall, LLC 0.05% 40,264 $246K
16 Westbourne Investments, INC. 0.05% 18,000 $110K
17 Fox Run Management, L.L.C. 0.05% 45,149 $283K
18 Nomura Holdings Inc 0.05% 2,875,297 $17.6M
19 Transce3nd, LLC 0.04% 823 $5K
20 Atom Investors LP 0.04% 88,597 $542K
21 Y-Intercept (Hong Kong) Ltd 0.03% 261,690 $1.6M
22 Able Wealth Management LLC 0.03% 18,278 $112K
23 Catalyst Funds Management Pty Ltd 0.03% 28,844 $177K
24 Aire Advisors, LLC 0.02% 21,554 $132K
25 Aigen Investment Management, LP 0.02% 14,661 $90K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added KREF than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for KREF?

Slight buying edge — 50% buying: Last quarter: 94 funds bought or added vs 94 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for KREF holders?

Strong quality — 22% AUM from major funds: 38 of 167 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held KREF?

49% of holders stayed for 2+ years: 82 out of 167 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.

Is it too late to buy Kkr Real Estate Fin Tr Inc (KREF) following the 2026 Q1 hedge fund 13F filings?

As of today, KREF has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.7% for the XLRE sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), KREF has gained nan% vs +7.7% for XLRE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →