Long Pond Capital, LP: KKR REAL ESTATE FIN TR INC (KREF): Quarterly 13F Position History
As of Q2 2026, Long Pond Capital, LP reported 5,813,201 shares of KKR REAL ESTATE FIN TR INC (KREF), worth $39.8M and representing 4.2% of its 13F equity book. Quarter-over-quarter share count change: + 79,688 (+1.4%) . The position first appeared in Q3 2025 and has been disclosed across 4 13F-HR filings in Pactolio's tracked window.
- 5,813,201Shares Held (Latest Filing)
- $39.8MReported Market Value (Latest Filing)
- 4.2%Portfolio Weight (% of 13F Equity Book)
- +79,688Quarter-over-Quarter Share Change
- +$4.7MQuarter-over-Quarter Value Change
- 5,813,201Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 4 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 5,813,201 | +79,688 | +1.4% | $39.8M | 4.2% | $6.8 |
| Q1 2026 | 5,733,513 | +4,170,425 | +266.8% | $35.1M | 3.6% | $6.1 |
| Q4 2025 | 1,563,088 | 758,584 | -32.7% | $12.8M | 1.5% | $8.2 |
| Q3 2025 | 2,321,672 | – | – | $20.9M | 1.5% | $9.0 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Long Pond Capital, LP first disclose a KREF position in 13F-HR filings?
Long Pond Capital, LP first reported KKR REAL ESTATE FIN TR INC (KREF) on its 13F-HR filing for the period ending 2025-09-30 (Q3 2025). The position has appeared on 4 reported quarters within Pactolio's tracked window.
What was Long Pond Capital, LP's most recent quarter-over-quarter share-count change in KREF?
Between Q1 2026 and Q2 2026, Long Pond Capital, LP added 79,688 shares of KREF (+1.4%), bringing the total reported position to 5,813,201 shares at a market value of $39.8M.
Does the implied price-per-share represent Long Pond Capital, LP's cost basis in KREF?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.