Chicago Atlantic Real Estate Finance, Inc. (REFI) — Institutional Holders, Q2 2026
101 institutional investment managers reported a REFI position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $74.5M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
REFI in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- BlackRockAdded · +293,478 sh+$3.1M
- SEGALL BRYANT & HAMILLNew · +188,621 sh+$2.0M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIPNew · +88,975 sh+$953.8K
- VANGUARD CAPITAL MANAGEMENTAdded · +60,401 sh+$647.5K
- OdysseanAdded · +50,317 sh+$539.4K
Biggest sellers
- VAN ECK ASSOCIATESSold out · -236,157 sh-$2.5M
- Sage Mountain AdvisorsTrimmed · -64,446 sh-$690.9K
- MILLENNIUM MANAGEMENTSold out · -49,595 sh-$531.7K
- GREAT LAKES ADVISORSSold out · -27,384 sh-$293.6K
- Quantinno Capital ManagementTrimmed · -19,739 sh-$211.6K
REFI 13F holders ranked 1–100 of 101
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | BlackRock#1 · 1,719,049 sh | 1,719,049 | $18.4M | <0.01% | +20.6% |
| 2 | Fielder Capital Group#2 · 982,283 sh | 982,283 | $10.5M | 2.28% | +2.3% |
| 3 | VANGUARD CAPITAL MANAGEMENT#3 · 788,254 sh | 788,254 | $8.5M | <0.01% | +8.3% |
| 4 | STATE STREET#4 · 499,188 sh | 499,188 | $5.6M | <0.01% | -2.2% |
| 5 | SEGALL BRYANT & HAMILL#5 · 188,621 sh | 188,621 | $2.0M | 0.02% | New |
| 6 | CDC Financial#6 · 163,704 sh | 163,704 | $1.8M | 0.73% | +15.7% |
| 7 | Clayton Partners#7 · 155,344 sh | 155,344 | $1.7M | 1.09% | +3.3% |
| 8 | Corient Private Wealth#8 · 152,719 sh | 152,719 | $1.6M | <0.01% | -2.2% |
| 9 | NORTHERN#9 · 146,958 sh | 146,958 | $1.6M | <0.01% | +3.9% |
| 10 | VANGUARD PORTFOLIO MANAGEMENT#10 · 125,772 sh | 125,772 | $1.3M | <0.01% | +20.5% |
| 11 | VANGUARD FIDUCIARY#11 · 115,888 sh | 115,888 | $1.2M | <0.01% | +1.4% |
| 12 | Connor, Clark & Lunn Investment Management Ltd.#12 · 113,810 sh | 113,810 | $1.2M | <0.01% | -2.1% |
| 13 | DOLIVER ADVISORS#13 · 111,008 sh | 111,008 | $1.2M | — | -0.7% |
| 14 | Penserra Capital Management#14 · 108,882 sh | 108,882 | $1.2M | <0.01% | +14.9% |
| 15 | OSAIC#15 · 91,265 sh | 91,265 | $978.4K | <0.01% | +8.6% |
| 16 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#16 · 88,975 sh | 88,975 | $953.8K | <0.01% | New |
| 17 | INTREPID CAPITAL MANAGEMENT#17 · 73,922 sh | 73,922 | $792.4K | 0.28% | 0.0% |
| 18 | PRICE T ROWE ASSOCIATES#18 · 69,485 sh | 69,485 | $745.0K | <0.01% | +22.0% |
| 19 | MORGAN STANLEY#19 · 63,595 sh | 63,595 | $681.7K | 0.00% | +30.7% |
| 20 | Odyssean#20 · 63,292 sh | 63,292 | $678.5K | 0.11% | +387.8% |
| 21 | CHARLES SCHWAB INVESTMENT MANAGEMENT#21 · 61,764 sh | 61,764 | $662.1K | <0.01% | +25.4% |
| 22 | COMMONWEALTH EQUITY SERVICES#22 · 57,975 sh | 57,975 | $621.5K | <0.01% | +13.0% |
| 23 | Quantinno Capital Management#23 · 55,827 sh | 55,827 | $598.5K | <0.01% | -26.1% |
| 24 | Bank of New York Mellon#24 · 53,308 sh | 53,308 | $571.5K | <0.01% | +11.2% |
| 25 | RAYMOND JAMES FINANCIAL#25 · 48,623 sh | 48,623 | $521.2K | <0.01% | New |
| 26 | AQR CAPITAL MANAGEMENT#26 · 48,189 sh | 48,189 | $516.6K | <0.01% | +156.7% |
| 27 | Atom Investors#27 · 42,314 sh | 42,314 | $453.6K | 0.04% | New |
| 28 | Magnus Financial Group#28 · 39,818 sh | 39,818 | $426.9K | — | +21.6% |
| 29 | RENAISSANCE TECHNOLOGIES#29 · 38,600 sh | 38,600 | $413.8K | <0.01% | -24.3% |
| 30 | Sage Mountain Advisors#30 · 34,284 sh | 34,284 | $367.5K | 0.02% | -65.3% |
| 31 | Invesco Ltd.#31 · 33,413 sh | 33,413 | $358.2K | 0.00% | +11.1% |
| 32 | Toroso Investments#32 · 33,345 sh | 33,345 | $357.5K | <0.01% | -13.7% |
| 33 | United Advisor Group#33 · 33,050 sh | 33,050 | $354.3K | 0.04% | +38.0% |
| 34 | GEODE CAPITAL MANAGEMENT#34 · 28,235 sh | 28,235 | $303.7K | 0.00% | +17.4% |
| 35 | Nuveen#35 · 27,041 sh | 27,041 | $289.9K | <0.01% | -12.3% |
| 36 | ALLIANCEBERNSTEIN L.P.#36 · 24,410 sh | 24,410 | $276.3K | <0.01% | +14.0% |
| 37 | RHUMBLINE ADVISERS#37 · 24,562 sh | 24,562 | $263.3K | <0.01% | -1.8% |
| 38 | MANUFACTURERS LIFE INSURANCE COMPANY, THE#38 · 23,099 sh | 23,099 | $247.6K | <0.01% | +6.8% |
| 39 | MML INVESTORS SERVICES#39 · 22,529 sh | 22,529 | $241.5K | <0.01% | +88.5% |
| 40 | Mission Financial Group#40 · 21,818 sh | 21,818 | $233.9K | — | — |
| 41 | Empowered Funds#41 · 19,872 sh | 19,872 | $213.0K | <0.01% | -0.6% |
| 42 | ENVESTNET ASSET MANAGEMENT#42 · 19,349 sh | 19,349 | $207.4K | 0.00% | +74.2% |
| 43 | Cerity Partners#43 · 19,120 sh | 19,120 | $205.0K | <0.01% | New |
| 44 | AlTi Global#44 · 17,995 sh | 17,995 | $201.4K | <0.01% | +3.8% |
| 45 | DEUTSCHE BANK AG\#45 · 18,425 sh | 18,425 | $197.5K | <0.01% | +42.2% |
| 46 | EVERETT HARRIS#46 · 18,400 sh | 18,400 | $197.2K | <0.01% | 0.0% |
| 47 | Virtus Investment Advisers#47 · 17,929 sh | 17,929 | $192.2K | 0.04% | +18.1% |
| 48 | BNP PARIBAS FINANCIAL MARKETS#48 · 17,440 sh | 17,440 | $187.0K | <0.01% | +347.6% |
| 49 | FMR#49 · 16,349 sh | 16,349 | $175.3K | 0.00% | -3.1% |
| 50 | WELLS FARGO & COMPANY#50 · 15,824 sh | 15,824 | $169.6K | 0.00% | +130.7% |
| 51 | MERCER GLOBAL ADVISORS#51 · 14,717 sh | 14,717 | $157.8K | <0.01% | +10.2% |
| 52 | BANK OF AMERICA#52 · 14,091 sh | 14,091 | $151.1K | 0.00% | -23.7% |
| 53 | Y-Intercept (Hong Kong) Ltd#53 · 12,279 sh | 12,279 | $131.6K | — | New |
| 54 | Russell Investments Group, Ltd.#54 · 11,332 sh | 11,332 | $121.5K | <0.01% | +394.2% |
| 55 | GOLDMAN SACHS GROUP#55 · 10,401 sh | 10,401 | $111.5K | 0.00% | -8.3% |
| 56 | HB Wealth Management#56 · 10,270 sh | 10,270 | $110.1K | — | +1.0% |
| 57 | MetLife Investment Management#57 · 9,960 sh | 9,960 | $106.8K | <0.01% | 0.0% |
| 58 | CITIGROUP#58 · 9,329 sh | 9,329 | $100.0K | 0.00% | +609.4% |
| 59 | Eurizon Capital SGR S.p.A.#59 · 8,534 sh | 8,534 | $94.6K | <0.01% | 0.0% |
| 60 | MIRAE ASSET GLOBAL ETFS Ltd.#60 · 8,700 sh | 8,700 | $93.3K | <0.01% | +0.7% |
| 61 | JPMORGAN CHASE#61 · 7,930 sh | 7,930 | $87.8K | 0.00% | +7.3% |
| 62 | SIMPLEX TRADING#62 · 6,497 sh | 6,497 | $69.6K | 0.00% | -61.8% |
| 63 | Vanguard Global Advisers#63 · 6,440 sh | 6,440 | $69.0K | 0.00% | 0.0% |
| 64 | NEW YORK STATE COMMON RETIREMENT FUND#64 · 6,038 sh | 6,038 | $64.7K | <0.01% | 0.0% |
| 65 | Police & Firemen's Retirement System of New Jersey#65 · 4,346 sh | 4,346 | $46.6K | <0.01% | 0.0% |
| 66 | UBS Group AG#66 · 4,030 sh | 4,030 | $43.2K | 0.00% | -72.4% |
| 67 | STRS OHIO#67 · 3,200 sh | 3,200 | $34.3K | <0.01% | 0.0% |
| 68 | PNC FINANCIAL SERVICES GROUP#68 · 3,006 sh | 3,006 | $32.2K | 0.00% | -51.4% |
| 69 | BARCLAYS PLC#69 · 2,815 sh | 2,815 | $30.2K | 0.00% | -16.5% |
| 70 | Geneos Wealth Management#70 · 2,330 sh | 2,330 | $25.0K | <0.01% | 0.0% |
| 71 | GAMMA Investing#71 · 1,808 sh | 1,808 | $19.4K | — | +111.7% |
| 72 | MCF Advisors#72 · 1,664 sh | 1,664 | $17.8K | <0.01% | New |
| 73 | Legal & General Group Plc#73 · 1,638 sh | 1,638 | $17.6K | 0.00% | 0.0% |
| 74 | ROYAL BANK OF CANADA#74 · 1,550 sh | 1,550 | $16.0K | 0.00% | New |
| 75 | Ameritas Investment Partners#75 · 1,352 sh | 1,352 | $14.5K | <0.01% | 0.0% |
| 76 | SRS Capital Advisors#76 · 1,316 sh | 1,316 | $14.1K | <0.01% | +1075.0% |
| 77 | Tower Research Capital (TRC)#77 · 1,169 sh | 1,169 | $12.5K | <0.01% | +2.0% |
| 78 | NISA INVESTMENT ADVISORS#78 · 672 sh | 672 | $7.5K | — | -88.7% |
| 79 | Westside Investment Management#79 · 500 sh | 500 | $5.4K | <0.01% | 0.0% |
| 80 | Sterling Capital Management#80 · 381 sh | 381 | $4.1K | — | -36.6% |
| 81 | HARBOR CAPITAL ADVISORS#81 · 335 sh | 335 | $4.0K | — | 0.0% |
| 82 | Union Bankshares#82 · 352 sh | 352 | $3.8K | <0.01% | 0.0% |
| 83 | Triumph Capital Management#83 · 250 sh | 250 | $2.7K | — | 0.0% |
| 84 | Integrated Wealth Concepts#84 · 195 sh | 195 | $2.1K | 0.00% | New |
| 85 | Larson Financial Group#85 · 173 sh | 173 | $1.9K | 0.00% | New |
| 86 | IFP Advisors#86 · 170 sh | 170 | $1.8K | — | +4150.0% |
| 87 | Allworth Financial#87 · 160 sh | 160 | $1.7K | 0.00% | +310.3% |
| 88 | Silver Grove Financial Group#88 · 121 sh | 121 | $1.3K | <0.01% | New |
| 89 | Covestor Ltd#89 · 95 sh | 95 | $1.0K | <0.01% | +43.9% |
| 90 | EverSource Wealth Advisors#90 · 91 sh | 91 | $977.00 | 0.00% | -85.0% |
| 91 | Allied Private Wealth#91 · 70 sh | 70 | $747.00 | <0.01% | — |
| 92 | True Wealth Design#92 · 50 sh | 50 | $536.00 | — | +2400.0% |
| 93 | ZIONS BANCORPORATION, NATIONAL ASSOCIATION#93 · 48 sh | 48 | $515.00 | 0.00% | -20.0% |
| 94 | Physician Wealth Advisors#94 · 44 sh | 44 | $472.00 | — | New |
| 95 | Ares Financial Consulting#95 · 44 sh | 44 | $472.00 | — | 0.0% |
| 96 | ROTHSCHILD INVESTMENT#96 · 39 sh | 39 | $418.00 | 0.00% | +1850.0% |
| 97 | Essential Partners#97 · 35 sh | 35 | $375.00 | — | -38.6% |
| 98 | Farther Finance Advisors#98 · 30 sh | 30 | $322.00 | — | New |
| 99 | SJS Investment Consulting#99 · 5 sh | 5 | $54.00 | — | New |
| 100 | Clearstead Advisors#100 · 2 sh | 2 | $22.00 | 0.00% | New |
Funds that sold out of REFI in Q2 2026 (12)
Held REFI at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| VAN ECK ASSOCIATES236,157 sh | 236,157 | $2.7M |
| MILLENNIUM MANAGEMENT49,595 sh | 49,595 | $561.4K |
| GREAT LAKES ADVISORS27,384 sh | 27,384 | $310.0K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP12,580 sh | 12,580 | $142.4K |
| ExodusPoint Capital Management10,150 sh | 10,150 | $114.9K |
| MAI Capital Management1,512 sh | 1,512 | $17.1K |
| SUMMIT SECURITIES GROUP633 sh | 633 | $7.2K |
| CENTRAL600 sh | 600 | $6.8K |
| Versant Capital Management521 sh | 521 | $5.9K |
| North Star Investment Management342 sh | 342 | $3.9K |
| JPL Wealth Management192 sh | 192 | $2.2K |
| Bare Financial Services41 sh | 41 | $464.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.