Which hedge funds own KREF? KKR REAL ESTATE FIN TR INC, Q2 2026 13F holders
25 of the hedge funds tracked by WhaleCreep disclosed a position in KREF (KKR REAL ESTATE FIN TR INC) in their Q2 2026 13F filings, worth $144.3m in total. The largest holder by portfolio weight is Long Pond Capital, LP at 4.2% of its book. 4 managers opened a new position this quarter: One William Street Capital Management, L.P., Jain Global LLC, Tudor Investment Corp ET AL, Quarry LP. 8 exited: Brevan Howard Capital Management LP, Conversant Capital LLC, Endure Capital Management, LLC.
Who discovered KREF first?
Earliest meaningful positions among the 5 tracked managers we observed opening KREF since Q3 2020.
1 Long Pond Capital, LP First reported Q3 2025 1.5%initial weight · $20.9m 4.2%still holding · 4q -24%stock since Q3 2025
Weight of Long Pond Capital, LP's 13F book in KREF, by quarter
- 4.2% peak weight, Q2 2026
- $39.8m peak reported value
- 4 quarters held
- 3q before the median tracked entry
The stock's split-adjusted price moved -24% from Q3 2025 to Q2 2026.
28 managers already held KREF when our coverage of them began
Kohlberg Kravis Roberts & Co. L.P. (Q1 2026), Nokomis Capital, L.L.C. (Q1 2026), Beach Point Capital Management LP (Q1 2026), EntryPoint Capital, LLC (Q1 2026), Whetstone Capital Advisors, LLC (Q1 2026), Fox Run Management, L.L.C. (Q1 2026), Atom Investors LP (Q1 2026), ExodusPoint Capital Management, LP (Q1 2026), Catalyst Funds Management Pty LTD (Q1 2026), Caxton Associates LLP (Q1 2026), Qube Research & Technologies LTD (Q1 2026), Millennium Management LLC (Q1 2026), Lighthouse Investment Partners, LLC (Q1 2026), Two Sigma Investments, LP (Q1 2026), Graham Capital Management, L.P. (Q1 2026), Aqr Capital Management LLC (Q1 2026), Citadel Advisors LLC (Q1 2026), D. E. Shaw & Co., Inc. (Q1 2026), Squarepoint Ops LLC (Q1 2026), Balyasny Asset Management L.P. (Q1 2026), Brevan Howard Capital Management LP (Q1 2026), Conversant Capital LLC (Q1 2026), Endure Capital Management, LLC (Q1 2026), Engineers Gate Manager LP (Q1 2026) and 4 more.
Their first filing on record already includes KREF, so when they first bought it is unknown. They are not ranked above.
View discovery timeline
Dots mark the ranked managers' first reported quarters. Price is the quarter-end price implied by 13F filings, split-adjusted, shown from Q3 2025 where the series is continuous. Coverage widened in Q1 2026 from about a hundred managers to over a thousand, so holders and new holders are shown relative to the managers filing each quarter.
How this is calculated
13F filings are quarterly snapshots of long US-listed equity positions. They do not show exact purchase dates, intra-quarter trading, short positions, most derivatives, or a manager's actual performance. "First reported" is the first quarter-end filing that shows the position.
A manager is ranked only if we observed it filing, without KREF, within two quarters before its first position. Ranking is by the first quarter the position reached 1% of the manager's 13F book in a run of at least 2 filings, then by peak weight. "High conviction" means a peak weight of at least 5%.
Stock changes are the split-adjusted change in the quarter-end price implied by 13F filings, excluding dividends. They describe the stock over the period, not the return any manager earned. Phases are cut where the share of tracked managers holding KREF passed one third and two thirds of its peak.
Which hedge funds hold KREF? Current holders by portfolio weight
| Manager | As of | Weight of book | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|
| Long Pond Capital, LP | Q2 2026 | 4.2% | $39.8m | 5,813,201 | 1% | added |
| One William Street Capital Management, L.P. | Q2 2026 | 3.3% | $1.4m | 202,000 | – | new |
| Kohlberg Kravis Roberts & Co. L.P. | Q2 2026 | 1.2% | $68.4m | 10,000,001 | 0% | held |
| Nokomis Capital, L.L.C. | Q2 2026 | 1.1% | $3.0m | 435,600 | -61% | reduced |
| Beach Point Capital Management LP | Q2 2026 | 0.3% | $786.7k | 115,016 | 0% | held |
| EntryPoint Capital, LLC | Q2 2026 | 0.1% | $598.5k | 87,496 | 30% | added |
| Whetstone Capital Advisors, LLC | Q2 2026 | 0.1% | $260.7k | 38,108 | 0% | held |
| Fox Run Management, L.L.C. | Q2 2026 | 0.0% | $187.6k | 27,422 | -39% | reduced |
| Jain Global LLC | Q2 2026 | 0.0% | $2.2m | 328,535 | – | new |
| Atom Investors LP | Q2 2026 | 0.0% | $209.4k | 30,613 | -65% | reduced |
| ExodusPoint Capital Management, LP | Q2 2026 | 0.0% | $1.0m | 149,351 | -50% | reduced |
| Catalyst Funds Management Pty LTD | Q2 2026 | 0.0% | $160.7k | 23,494 | -19% | reduced |
| Caxton Associates LLP | Q2 2026 | 0.0% | $267.4k | 39,088 | -14% | reduced |
| Qube Research & Technologies LTD | Q2 2026 | 0.0% | $4.1m | 601,842 | 37% | added |
| Millennium Management LLC | Q2 2026 | 0.0% | $6.6m | 969,954 | -34% | reduced |
| Lighthouse Investment Partners, LLC | Q2 2026 | 0.0% | $107.8k | 15,760 | 0% | held |
| Two Sigma Investments, LP | Q2 2026 | 0.0% | $4.4m | 643,206 | -32% | reduced |
| Graham Capital Management, L.P. | Q2 2026 | 0.0% | $79.1k | 11,559 | -43% | reduced |
| Aqr Capital Management LLC | Q2 2026 | 0.0% | $5.9m | 859,781 | 1176% | added |
| Citadel Advisors LLC | Q2 2026 | 0.0% | $2.2m | 321,125 | -65% | reduced |
| D. E. Shaw & Co., Inc. | Q2 2026 | 0.0% | $1.7m | 244,113 | -17% | reduced |
| Squarepoint Ops LLC | Q2 2026 | 0.0% | $514.1k | 75,155 | 48% | added |
| Tudor Investment Corp ET AL | Q2 2026 | 0.0% | $178.1k | 26,034 | – | new |
| Balyasny Asset Management L.P. | Q2 2026 | 0.0% | $210.9k | 30,828 | -89% | reduced |
| Quarry LP | Q2 2026 | 0.0% | $2.3k | 333 | – | new |
Exited since the previous quarter
| Manager | Prior weight | Prior value |
|---|---|---|
| Brevan Howard Capital Management LP | 0.0% | $415.7k |
| Conversant Capital LLC | 5.1% | $9.0m |
| Endure Capital Management, LLC | 27.2% | $1.5m |
| Engineers Gate Manager LP | 0.0% | $278.5k |
| Marshall Wace, LLP | 0.0% | $1.0m |
| Waterfall Asset Management, LLC | 16.3% | $3.1m |
| Weiss Asset Management LP | 0.0% | $284.9k |
| Y-Intercept (Hong Kong) LTD | 0.1% | $1.6m |
Held in a manager's last filing on record
These managers have not filed for the latest quarter; their last disclosure is dated.
| Manager | Last filing | Weight |
|---|---|---|
| caxton_associates | Q4 2024 | 0.0% |
How has hedge fund ownership of KREF changed?
| Quarter | Managers holding | Combined value |
|---|---|---|
| Q2 2026 | 25 | $144.3m |
| Q1 2026 | 30 | $156.6m |
| Q4 2025 | 1 | $12.8m |
| Q3 2025 | 2 | $21.6m |
| Q2 2025 | 1 | $2.0m |
| Q1 2025 | 1 | $408.2k |
| Q4 2024 | 2 | $323.0k |
| Q1 2024 | 1 | $2.2m |
| Q2 2023 | 1 | $200.2k |
| Q1 2023 | 1 | $617.0k |
| Q4 2022 | 2 | $3.1m |
| Q3 2022 | 2 | $3.5m |
| Q2 2022 | 2 | $4.3m |
| Q1 2022 | 2 | $3.1m |
| Q4 2021 | 2 | $3.8m |
| Q2 2021 | 1 | $2.4m |
Counts every tracked manager that disclosed KREF in that quarter's filing, including managers that have since stopped filing.