KREF US Equity

KKR Real Estate Finance Trust Inc.

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Real Estate · Real Estate Investment Trusts · CIK 1631596 · FYE 1231

$7.24

-0.09 (-1.23%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding KREF · 2026-Q1 methodology → sources →

169 holders

% of shares outstanding held

85.7%

Shares held (13F)

50,227,622

Reporting holders

169

Top holders

largest 100 of 169 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Kohlberg Kravis Roberts & Co. L.P.	10,000,00110.0M	$61M	17.07%	—
2	Long Pond Capital, LP	5,733,5135.7M	$35M	9.79%	ADD 267%
3	BlackRock, Inc.	5,533,0215.5M	$34M	9.45%	TRIM -40%
4	NOMURA HOLDINGS INC	2,875,2972.9M	$18M	4.91%	ADD 5%
5	VANGUARD CAPITAL MANAGEMENT LLC	2,327,0082.3M	$14M	3.97%	NEW†
6	MILLENNIUM MANAGEMENT LLC	1,478,1511.5M	$9M	2.52%	ADD 6950%
7	Conversant Capital LLC	1,470,6001.5M	$9M	2.51%	NEW†
8	STATE STREET CORP	1,278,3521.3M	$8M	2.18%	TRIM -41%
9	GEODE CAPITAL MANAGEMENT, LLC	1,325,3811.3M	$8M	2.26%	—
10	Nokomis Capital, L.L.C.	1,119,8221.1M	$7M	1.91%	ADD 3%
11	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,033,2991.0M	$6M	1.76%	ADD 3%
12	TWO SIGMA INVESTMENTS, LP	942,201942,201	$6M	1.61%	TRIM -6%
13	CITADEL ADVISORS LLC	915,236915,236	$6M	1.56%	ADD 94%
14	GFS Advisors, LLC	179,414179,414	$5M	0.31%	TRIM -15%
15	MORGAN STANLEY	752,053752,053	$5M	1.28%	ADD 18%
16	Point72 Asset Management, L.P.	699,224699,224	$4M	1.19%	NEW
17	PRUDENTIAL FINANCIAL INC	647,750647,750	$4M	1.11%	ADD 127%
18	GOLDMAN SACHS GROUP INC	640,763640,763	$4M	1.09%	ADD 50%
19	NORTHERN TRUST CORP	515,041515,041	$3M	0.88%	TRIM -2%
20	WATERFALL ASSET MANAGEMENT, LLC	475,154475,154	$3M	0.81%	NEW
21	VAN ECK ASSOCIATES CORP	467,814467,814	$3M	0.80%	ADD 8%
22	Qube Research & Technologies Ltd	440,264440,264	$3M	0.75%	NEW
23	CONDOR CAPITAL MANAGEMENT	410,742410,742	$3M	0.70%	—
24	VANGUARD PORTFOLIO MANAGEMENT LLC	410,436410,436	$3M	0.70%	NEW
25	Brooklyn Investment Group	350,044350,044	$2M	0.60%	NEW
26	VANGUARD FIDUCIARY TRUST CO	344,672344,672	$2M	0.59%	NEW
27	JPMORGAN CHASE & CO	301,456301,456	$2M	0.51%	TRIM -36%
28	FMR LLC	303,750303,750	$2M	0.52%	ADD 4%
29	JANE STREET GROUP, LLC	299,034299,034	$2M	0.51%	TRIM -16%
30	ExodusPoint Capital Management, LP	297,724297,724	$2M	0.51%	ADD 93%
31	D. E. Shaw & Co., Inc.	293,089293,089	$2M	0.50%	NEW
32	BI Asset Management Fondsmaeglerselskab A/S	287,061287,061	$2M	0.49%	—
33	Balyasny Asset Management L.P.	276,491276,491	$2M	0.47%	NEW
34	Y-Intercept (Hong Kong) Ltd	261,690261,690	$2M	0.45%	NEW
35	Endure Capital Management, LLC	252,523252,523	$2M	0.43%	NEW
36	UBS Group AG	243,908243,908	$1M	0.42%	ADD 10%
37	BANK OF AMERICA CORP /DE/	210,297210,297	$1M	0.36%	TRIM -29%
38	BNP PARIBAS FINANCIAL MARKETS	201,444201,444	$1M	0.34%	ADD 62%
39	Invesco Ltd.	194,047194,047	$1M	0.33%	TRIM -72%
40	Nuveen, LLC	176,404176,404	$1M	0.30%	TRIM -28%
41	MARSHALL WACE, LLP	170,695170,695	$1M	0.29%	NEW
42	Bank of New York Mellon Corp	163,743163,743	$1M	0.28%	TRIM -46%
43	HRT FINANCIAL LP	161,137161,137	$986,000	0.28%	NEW
44	XTX Topco Ltd	147,761147,761	$904,297	0.25%	ADD 76%
45	SUSQUEHANNA INTERNATIONAL GROUP, LLP	146,174146,174	$894,585	0.25%	ADD 307%
46	Penserra Capital Management LLC	141,056141,056	$863,000	0.24%	ADD 3%
47	WELLS FARGO & COMPANY/MN	125,523125,523	$768,198	0.21%	TRIM -22%
48	Quantinno Capital Management LP	120,218120,218	$735,736	0.21%	ADD 88%
49	Beach Point Capital Management LP	115,016115,016	$703,898	0.20%	TRIM -42%
50	Swiss National Bank	111,500111,500	$682,380	0.19%	—
51	PRICE T ROWE ASSOCIATES INC /MD/	109,303109,303	$669,000	0.19%	ADD 11%
52	CURA WEALTH ADVISORS, LLC	100,515100,515	$615,152	0.17%	—
53	LPL Financial LLC	96,37996,379	$589,842	0.16%	TRIM -7%
54	STIFEL FINANCIAL CORP	90,70090,700	$555,084	0.15%	TRIM -18%
55	Atom Investors LP	88,59788,597	$542,214	0.15%	NEW
56	WEDBUSH SECURITIES INC	85,31585,315	$522,000	0.15%	TRIM -2%
57	CITIGROUP INC	79,32879,328	$485,487	0.14%	ADD 338%
58	Lido Advisors, LLC	68,74468,744	$437,899	0.12%	—
59	RHUMBLINE ADVISERS	68,69168,691	$420,382	0.12%	TRIM -47%
60	Brevan Howard Capital Management LP	67,93267,932	$415,744	0.12%	ADD 192%
61	EntryPoint Capital, LLC	67,42167,421	$412,617	0.12%	NEW
62	AQR CAPITAL MANAGEMENT LLC	67,37467,374	$412,328	0.12%	TRIM -61%
63	VOYA INVESTMENT MANAGEMENT LLC	67,01067,010	$410,101	0.11%	TRIM -55%
64	Corient Private Wealth LLC	65,09465,094	$398,376	0.11%	NEW
65	STEPHENS INC /AR/	64,41164,411	$394,192	0.11%	TRIM -46%
66	ALGERT GLOBAL LLC	58,37658,376	$357,000	0.10%	TRIM -66%
67	RAYMOND JAMES FINANCIAL INC	57,96857,968	$354,762	0.10%	TRIM -30%
68	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	53,73753,737	$328,870	0.09%	—
69	ALLIANCEBERNSTEIN L.P.	38,70038,700	$318,114	0.07%	TRIM -4%
70	Squarepoint Ops LLC	50,66950,669	$310,094	0.09%	ADD 276%
71	BARCLAYS PLC	47,11547,115	$288,345	0.08%	TRIM -46%
72	Weiss Asset Management LP	46,55246,552	$284,898	0.08%	NEW
73	FOX RUN MANAGEMENT, L.L.C.	45,14945,149	$283,084	0.08%	ADD 162%
74	Legal & General Group Plc	45,71645,716	$279,782	0.08%	TRIM -68%
75	Engineers Gate Manager LP	45,50045,500	$278,460	0.08%	NEW
76	HSBC HOLDINGS PLC	45,49945,499	$278,454	0.08%	NEW
77	CAXTON ASSOCIATES LLP	45,26545,265	$277,022	0.08%	—
78	Abel Hall, LLC	40,26440,264	$246,416	0.07%	ADD 99%
79	VANGUARD ASSET MANAGEMENT, Ltd	39,02139,021	$238,809	0.07%	NEW
80	Whetstone Capital Advisors, LLC	38,10838,108	$233,221	0.07%	ADD 43%
81	MANUFACTURERS LIFE INSURANCE COMPANY, THE	37,73237,732	$230,920	0.06%	TRIM -4%
82	OSAIC HOLDINGS, INC.	33,07033,070	$202,394	0.06%	—
83	Empirical Asset Management, LLC	32,89432,894	$201,311	0.06%	NEW
84	Empowered Funds, LLC	31,60931,609	$193,447	0.05%	NEW
85	Catalyst Funds Management Pty Ltd	28,84428,844	$176,525	0.05%	NEW
86	XML Financial, LLC	28,65028,650	$175,338	0.05%	TRIM -21%
87	Park Capital Management, LLC / WI	28,64728,647	$175,319	0.05%	NEW
88	JANUS HENDERSON GROUP PLC	28,53628,536	$174,212	0.05%	—
89	Rockefeller Capital Management L.P.	26,35826,358	$161,311	0.04%	ADD 75209%
90	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	26,28226,282	$160,846	0.04%	TRIM -98%
91	Optiver Holding B.V.	24,21124,211	$148,171	0.04%	NEW
92	1832 Asset Management L.P.	23,75023,750	$145,350	0.04%	—
93	MetLife Investment Management, LLC	23,15523,155	$141,709	0.04%	TRIM -16%
94	ROYAL BANK OF CANADA	22,44222,442	$137,000	0.04%	TRIM -59%
95	Zurcher Kantonalbank (Zurich Cantonalbank)	22,12922,129	$135,429	0.04%	—
96	AIRE ADVISORS, LLC	21,55421,554	$131,910	0.04%	NEW
97	Vanguard Global Advisers, LLC	21,39821,398	$130,956	0.04%	NEW
98	Cerity Partners LLC	21,34921,349	$130,655	0.04%	—
99	Graham Capital Management, L.P.	20,35620,356	$124,579	0.03%	TRIM -18%
100	AMERIPRISE FINANCIAL INC	18,54418,544	$117,708	0.03%	TRIM -82%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Kohlberg Kravis Roberts & Co. L.P.

10.0M

$61M

Long Pond Capital, LP

—

2.3M

1.6M

5.7M

$35M

BlackRock, Inc.

10.3M

9.7M

9.4M

9.2M

5.5M

$34M

NOMURA HOLDINGS INC

—

579K

2.7M

2.9M

$18M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.3M

$14M

MILLENNIUM MANAGEMENT LLC

281K

353K

—

169K

21K

1.5M

$9M

Conversant Capital LLC

—

1.5M

$9M

STATE STREET CORP

2.3M

2.2M

1.3M

$8M

GEODE CAPITAL MANAGEMENT, LLC

1.4M

1.3M

$8M

Nokomis Capital, L.L.C.

—

340K

462K

1.1M

$7M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

638K

667K

756K

906K

1.0M

$6M

TWO SIGMA INVESTMENTS, LP

59K

291K

262K

89K

1.0M

942K

$6M

CITADEL ADVISORS LLC

434K

358K

443K

482K

471K

915K

$6M

GFS Advisors, LLC

213K

216K

211K

179K

$5M

MORGAN STANLEY

929K

863K

887K

610K

635K

752K

$5M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	169	50,227,622	85.7%	$312M
2025-Q4	164	51,190,708	87.4%	$422M
2025-Q3	173	49,706,165	84.9%	$448M
2025-Q2	170	48,949,106	83.6%	$430M
2025-Q1	178	50,284,514	85.8%	$545M
2024-Q4	171	50,722,318	86.6%	$513M

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · KREF

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
Long Pond Capital, LP	8.92%	QII	2026-03-31	SEC →
BlackRock, Inc.	7.8%	QII	2026-03-31	SEC →
VANGUARD GROUP INC	0%	QII	2026-03-13	SEC →

Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).

Institutional ownership· 13F filers holding KREF · 2026-Q1 methodology → sources →

169 holders

% of shares outstanding held

85.7%

Shares held (13F)

50,227,622

Reporting holders

169

Top holders

largest 100 of 169 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Kohlberg Kravis Roberts & Co. L.P.	10,000,00110.0M	$61M	17.07%	—
2	Long Pond Capital, LP	5,733,5135.7M	$35M	9.79%	ADD 267%
3	BlackRock, Inc.	5,533,0215.5M	$34M	9.45%	TRIM -40%
4	NOMURA HOLDINGS INC	2,875,2972.9M	$18M	4.91%	ADD 5%
5	VANGUARD CAPITAL MANAGEMENT LLC	2,327,0082.3M	$14M	3.97%	NEW†
6	MILLENNIUM MANAGEMENT LLC	1,478,1511.5M	$9M	2.52%	ADD 6950%
7	Conversant Capital LLC	1,470,6001.5M	$9M	2.51%	NEW†
8	STATE STREET CORP	1,278,3521.3M	$8M	2.18%	TRIM -41%
9	GEODE CAPITAL MANAGEMENT, LLC	1,325,3811.3M	$8M	2.26%	—
10	Nokomis Capital, L.L.C.	1,119,8221.1M	$7M	1.91%	ADD 3%
11	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,033,2991.0M	$6M	1.76%	ADD 3%
12	TWO SIGMA INVESTMENTS, LP	942,201942,201	$6M	1.61%	TRIM -6%
13	CITADEL ADVISORS LLC	915,236915,236	$6M	1.56%	ADD 94%
14	GFS Advisors, LLC	179,414179,414	$5M	0.31%	TRIM -15%
15	MORGAN STANLEY	752,053752,053	$5M	1.28%	ADD 18%
16	Point72 Asset Management, L.P.	699,224699,224	$4M	1.19%	NEW
17	PRUDENTIAL FINANCIAL INC	647,750647,750	$4M	1.11%	ADD 127%
18	GOLDMAN SACHS GROUP INC	640,763640,763	$4M	1.09%	ADD 50%
19	NORTHERN TRUST CORP	515,041515,041	$3M	0.88%	TRIM -2%
20	WATERFALL ASSET MANAGEMENT, LLC	475,154475,154	$3M	0.81%	NEW
21	VAN ECK ASSOCIATES CORP	467,814467,814	$3M	0.80%	ADD 8%
22	Qube Research & Technologies Ltd	440,264440,264	$3M	0.75%	NEW
23	CONDOR CAPITAL MANAGEMENT	410,742410,742	$3M	0.70%	—
24	VANGUARD PORTFOLIO MANAGEMENT LLC	410,436410,436	$3M	0.70%	NEW
25	Brooklyn Investment Group	350,044350,044	$2M	0.60%	NEW
26	VANGUARD FIDUCIARY TRUST CO	344,672344,672	$2M	0.59%	NEW
27	JPMORGAN CHASE & CO	301,456301,456	$2M	0.51%	TRIM -36%
28	FMR LLC	303,750303,750	$2M	0.52%	ADD 4%
29	JANE STREET GROUP, LLC	299,034299,034	$2M	0.51%	TRIM -16%
30	ExodusPoint Capital Management, LP	297,724297,724	$2M	0.51%	ADD 93%
31	D. E. Shaw & Co., Inc.	293,089293,089	$2M	0.50%	NEW
32	BI Asset Management Fondsmaeglerselskab A/S	287,061287,061	$2M	0.49%	—
33	Balyasny Asset Management L.P.	276,491276,491	$2M	0.47%	NEW
34	Y-Intercept (Hong Kong) Ltd	261,690261,690	$2M	0.45%	NEW
35	Endure Capital Management, LLC	252,523252,523	$2M	0.43%	NEW
36	UBS Group AG	243,908243,908	$1M	0.42%	ADD 10%
37	BANK OF AMERICA CORP /DE/	210,297210,297	$1M	0.36%	TRIM -29%
38	BNP PARIBAS FINANCIAL MARKETS	201,444201,444	$1M	0.34%	ADD 62%
39	Invesco Ltd.	194,047194,047	$1M	0.33%	TRIM -72%
40	Nuveen, LLC	176,404176,404	$1M	0.30%	TRIM -28%
41	MARSHALL WACE, LLP	170,695170,695	$1M	0.29%	NEW
42	Bank of New York Mellon Corp	163,743163,743	$1M	0.28%	TRIM -46%
43	HRT FINANCIAL LP	161,137161,137	$986,000	0.28%	NEW
44	XTX Topco Ltd	147,761147,761	$904,297	0.25%	ADD 76%
45	SUSQUEHANNA INTERNATIONAL GROUP, LLP	146,174146,174	$894,585	0.25%	ADD 307%
46	Penserra Capital Management LLC	141,056141,056	$863,000	0.24%	ADD 3%
47	WELLS FARGO & COMPANY/MN	125,523125,523	$768,198	0.21%	TRIM -22%
48	Quantinno Capital Management LP	120,218120,218	$735,736	0.21%	ADD 88%
49	Beach Point Capital Management LP	115,016115,016	$703,898	0.20%	TRIM -42%
50	Swiss National Bank	111,500111,500	$682,380	0.19%	—
51	PRICE T ROWE ASSOCIATES INC /MD/	109,303109,303	$669,000	0.19%	ADD 11%
52	CURA WEALTH ADVISORS, LLC	100,515100,515	$615,152	0.17%	—
53	LPL Financial LLC	96,37996,379	$589,842	0.16%	TRIM -7%
54	STIFEL FINANCIAL CORP	90,70090,700	$555,084	0.15%	TRIM -18%
55	Atom Investors LP	88,59788,597	$542,214	0.15%	NEW
56	WEDBUSH SECURITIES INC	85,31585,315	$522,000	0.15%	TRIM -2%
57	CITIGROUP INC	79,32879,328	$485,487	0.14%	ADD 338%
58	Lido Advisors, LLC	68,74468,744	$437,899	0.12%	—
59	RHUMBLINE ADVISERS	68,69168,691	$420,382	0.12%	TRIM -47%
60	Brevan Howard Capital Management LP	67,93267,932	$415,744	0.12%	ADD 192%
61	EntryPoint Capital, LLC	67,42167,421	$412,617	0.12%	NEW
62	AQR CAPITAL MANAGEMENT LLC	67,37467,374	$412,328	0.12%	TRIM -61%
63	VOYA INVESTMENT MANAGEMENT LLC	67,01067,010	$410,101	0.11%	TRIM -55%
64	Corient Private Wealth LLC	65,09465,094	$398,376	0.11%	NEW
65	STEPHENS INC /AR/	64,41164,411	$394,192	0.11%	TRIM -46%
66	ALGERT GLOBAL LLC	58,37658,376	$357,000	0.10%	TRIM -66%
67	RAYMOND JAMES FINANCIAL INC	57,96857,968	$354,762	0.10%	TRIM -30%
68	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	53,73753,737	$328,870	0.09%	—
69	ALLIANCEBERNSTEIN L.P.	38,70038,700	$318,114	0.07%	TRIM -4%
70	Squarepoint Ops LLC	50,66950,669	$310,094	0.09%	ADD 276%
71	BARCLAYS PLC	47,11547,115	$288,345	0.08%	TRIM -46%
72	Weiss Asset Management LP	46,55246,552	$284,898	0.08%	NEW
73	FOX RUN MANAGEMENT, L.L.C.	45,14945,149	$283,084	0.08%	ADD 162%
74	Legal & General Group Plc	45,71645,716	$279,782	0.08%	TRIM -68%
75	Engineers Gate Manager LP	45,50045,500	$278,460	0.08%	NEW
76	HSBC HOLDINGS PLC	45,49945,499	$278,454	0.08%	NEW
77	CAXTON ASSOCIATES LLP	45,26545,265	$277,022	0.08%	—
78	Abel Hall, LLC	40,26440,264	$246,416	0.07%	ADD 99%
79	VANGUARD ASSET MANAGEMENT, Ltd	39,02139,021	$238,809	0.07%	NEW
80	Whetstone Capital Advisors, LLC	38,10838,108	$233,221	0.07%	ADD 43%
81	MANUFACTURERS LIFE INSURANCE COMPANY, THE	37,73237,732	$230,920	0.06%	TRIM -4%
82	OSAIC HOLDINGS, INC.	33,07033,070	$202,394	0.06%	—
83	Empirical Asset Management, LLC	32,89432,894	$201,311	0.06%	NEW
84	Empowered Funds, LLC	31,60931,609	$193,447	0.05%	NEW
85	Catalyst Funds Management Pty Ltd	28,84428,844	$176,525	0.05%	NEW
86	XML Financial, LLC	28,65028,650	$175,338	0.05%	TRIM -21%
87	Park Capital Management, LLC / WI	28,64728,647	$175,319	0.05%	NEW
88	JANUS HENDERSON GROUP PLC	28,53628,536	$174,212	0.05%	—
89	Rockefeller Capital Management L.P.	26,35826,358	$161,311	0.04%	ADD 75209%
90	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	26,28226,282	$160,846	0.04%	TRIM -98%
91	Optiver Holding B.V.	24,21124,211	$148,171	0.04%	NEW
92	1832 Asset Management L.P.	23,75023,750	$145,350	0.04%	—
93	MetLife Investment Management, LLC	23,15523,155	$141,709	0.04%	TRIM -16%
94	ROYAL BANK OF CANADA	22,44222,442	$137,000	0.04%	TRIM -59%
95	Zurcher Kantonalbank (Zurich Cantonalbank)	22,12922,129	$135,429	0.04%	—
96	AIRE ADVISORS, LLC	21,55421,554	$131,910	0.04%	NEW
97	Vanguard Global Advisers, LLC	21,39821,398	$130,956	0.04%	NEW
98	Cerity Partners LLC	21,34921,349	$130,655	0.04%	—
99	Graham Capital Management, L.P.	20,35620,356	$124,579	0.03%	TRIM -18%
100	AMERIPRISE FINANCIAL INC	18,54418,544	$117,708	0.03%	TRIM -82%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Kohlberg Kravis Roberts & Co. L.P.

10.0M

$61M

Long Pond Capital, LP

—

2.3M

1.6M

5.7M

$35M

BlackRock, Inc.

10.3M

9.7M

9.4M

9.2M

5.5M

$34M

NOMURA HOLDINGS INC

—

579K

2.7M

2.9M

$18M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.3M

$14M

MILLENNIUM MANAGEMENT LLC

281K

353K

—

169K

21K

1.5M

$9M

Conversant Capital LLC

—

1.5M

$9M

STATE STREET CORP

2.3M

2.2M

1.3M

$8M

GEODE CAPITAL MANAGEMENT, LLC

1.4M

1.3M

$8M

Nokomis Capital, L.L.C.

—

340K

462K

1.1M

$7M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

638K

667K

756K

906K

1.0M

$6M

TWO SIGMA INVESTMENTS, LP

59K

291K

262K

89K

1.0M

942K

$6M

CITADEL ADVISORS LLC

434K

358K

443K

482K

471K

915K

$6M

GFS Advisors, LLC

213K

216K

211K

179K

$5M

MORGAN STANLEY

929K

863K

887K

610K

635K

752K

$5M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	169	50,227,622	85.7%	$312M
2025-Q4	164	51,190,708	87.4%	$422M
2025-Q3	173	49,706,165	84.9%	$448M
2025-Q2	170	48,949,106	83.6%	$430M
2025-Q1	178	50,284,514	85.8%	$545M
2024-Q4	171	50,722,318	86.6%	$513M

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · KREF

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
Long Pond Capital, LP	8.92%	QII	2026-03-31	SEC →
BlackRock, Inc.	7.8%	QII	2026-03-31	SEC →
VANGUARD GROUP INC	0%	QII	2026-03-13	SEC →

KREF US Equity☆

Institutional ownership· 13F filers holding KREF · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · KREF

Institutional ownership· 13F filers holding KREF · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · KREF

KREF US Equity