Chicago Atlantic Real Estate Finance, Inc. - REFI
Detailed investor-level table based on 13F positions.
Early Q1 2026 data: only 9 institutional holders reported so far. The full shareholder list will grow as more funds file with the SEC.
Methodology:
Market value and % of portfolio use SEC reported VALUE ($000).
For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received.
Details.
Rows: 0
| Investor | History | Status | Shares held | Market value ($000) | % of portfolio | Previous % | Rank | Change in shares | % change in shares | Source | Date reported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BlackRock, Inc. | History | Added to | 1,440,771 | 17,663 | 0.0% | 0.0% | 1 | +24,130 | 1.7% | Q4 2025 | Feb 12, 2026 |
| VANGUARD GROUP INC | History | Added to | 942,423 | 11,554 | 0.0% | 0.0% | 2 | +1,426 | 0.15% | Q4 2025 | Jan 29, 2026 |
| Fielder Capital Group LLC | History | Added to | 832,168 | 10,202 | 2.17% | 2.36% | 3 | +22,743 | 2.81% | Q4 2025 | Feb 10, 2026 |
| STATE STREET CORP | History | Reduced | 528,226 | 6,718 | 0.0% | 0.0% | 4 | -4,302 | -0.81% | Q4 2025 | Feb 13, 2026 |
| Clayton Partners LLC | History | Added to | 211,000 | 2,586 | 1.87% | 1.34% | 5 | +73,037 | 52.94% | Q4 2025 | Feb 17, 2026 |
| Corient Private Wealth LLC | History | Reduced | 202,802 | 2,486 | 0.0% | 0.0% | 6 | -19,331 | -8.7% | Q4 2025 | Mar 09, 2026 |
| MILLENNIUM MANAGEMENT LLC | History | Reduced | 159,287 | 1,952 | 0.0% | 0.0% | 7 | -25,410 | -13.76% | Q4 2025 | Feb 17, 2026 |
| NORTHERN TRUST CORP | History | Reduced | 135,700 | 1,663 | 0.0% | 0.0% | 8 | -6,258 | -4.41% | Q4 2025 | Feb 17, 2026 |
| Connor, Clark & Lunn Investment Management Ltd. | History | Added to | 130,114 | 1,595 | 0.0% | 0.0% | 9 | +8,168 | 6.7% | Q4 2025 | Feb 10, 2026 |
| Sage Mountain Advisors LLC | History | Reduced | 121,400 | 1,488 | 0.08% | 0.12% | 10 | -42,408 | -25.89% | Q4 2025 | Jan 23, 2026 |
| CDC Financial, Inc. | History | New | 121,300 | 1,487 | 0.7% | — | 11 | +121,300 | New | Q4 2025 | Feb 13, 2026 |
| DOLIVER ADVISORS, LP | History | Added to | 106,308 | 1,303 | 0.33% | 0.34% | 12 | +2,550 | 2.46% | Q4 2025 | Jan 06, 2026 |
| HighTower Advisors, LLC | History | Added to | 97,258 | 1,192 | 0.0% | 0.0% | 13 | +3,570 | 3.81% | Q4 2025 | Feb 06, 2026 |
| Penserra Capital Management LLC | History | Added to | 92,123 | 1,129 | 0.01% | 0.01% | 14 | +18,912 | 25.83% | Q4 2025 | Feb 12, 2026 |
| OSAIC HOLDINGS, INC. | History | Added to | 84,478 | 1,035 | 0.0% | 0.0% | 15 | +862 | 1.03% | Q4 2025 | Feb 17, 2026 |
| CITADEL ADVISORS LLC | History | New | 80,463 | 986 | 0.0% | — | 16 | +80,463 | New | Q4 2025 | Feb 17, 2026 |
| INTREPID CAPITAL MANAGEMENT INC | History | Reduced | 73,922 | 906 | 0.35% | 1.08% | 17 | -140,905 | -65.59% | Q4 2025 | Feb 13, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | Added to | 72,662 | 890 | 0.0% | 0.0% | 18 | +25,062 | 52.65% | Q4 2025 | Feb 17, 2026 |
| JANE STREET GROUP, LLC | History | New | 60,954 | 747 | 0.0% | — | 19 | +60,954 | New | Q4 2025 | Feb 12, 2026 |
| RENAISSANCE TECHNOLOGIES LLC | History | Reduced | 55,600 | 681 | 0.0% | 0.0% | 20 | -39,400 | -41.47% | Q4 2025 | Feb 12, 2026 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | History | Reduced | 54,896 | 673 | 0.0% | 0.0% | 21 | -74 | -0.13% | Q4 2025 | Feb 13, 2026 |
| PRICE T ROWE ASSOCIATES INC /MD/ | History | Added to | 52,196 | 640 | 0.0% | 0.0% | 22 | +11,875 | 29.45% | Q4 2025 | Feb 17, 2026 |
| JPMORGAN CHASE & CO | History | Added to | 52,081 | 638 | 0.0% | 0.0% | 23 | +4,172 | 8.71% | Q4 2025 | Feb 11, 2026 |
| COMMONWEALTH EQUITY SERVICES, LLC | History | Added to | 49,895 | 611 | 0.0% | 0.0% | 24 | +897 | 1.83% | Q4 2025 | Feb 12, 2026 |
| Bank of New York Mellon Corp | History | Added to | 48,283 | 591 | 0.0% | 0.0% | 25 | +82 | 0.17% | Q4 2025 | Feb 10, 2026 |
| Quantinno Capital Management LP | History | Added to | 47,802 | 586 | 0.0% | 0.0% | 26 | +29,613 | 162.81% | Q4 2025 | Feb 17, 2026 |
| Qube Research & Technologies Ltd | History | Added to | 47,569 | 583 | 0.0% | 0.0% | 27 | +9,063 | 23.54% | Q4 2025 | Feb 17, 2026 |
| MORGAN STANLEY | History | Reduced | 36,744 | 450 | 0.0% | 0.0% | 28 | -17,029 | -31.67% | Q4 2025 | Feb 13, 2026 |
| Rothschild Wealth LLC | History | New | 36,498 | 447 | 0.04% | — | 30 | +36,498 | New | Q4 2025 | Feb 17, 2026 |
| PERRITT CAPITAL MANAGEMENT INC | History | Added to | 36,498 | 447 | 0.75% | 0.16% | 29 | +10,000 | 37.74% | Q4 2025 | Feb 17, 2026 |
| Magnus Financial Group LLC | History | Reduced | 32,626 | 399 | 0.03% | 0.04% | 31 | -2,188 | -6.28% | Q4 2025 | Jan 07, 2026 |
| Invesco Ltd. | History | Added to | 30,833 | 378 | 0.0% | 0.0% | 32 | +4,700 | 17.98% | Q4 2025 | Feb 19, 2026 |
| BARCLAYS PLC | History | Added to | 28,486 | 349 | 0.0% | 0.0% | 33 | +2,916 | 11.4% | Q4 2025 | Feb 13, 2026 |
| Quadrature Capital Ltd | History | Reduced | 28,391 | 348 | 0.0% | 0.0% | 34 | -2,202 | -7.2% | Q4 2025 | Feb 17, 2026 |
| AdvisorShares Investments LLC | History | Reduced | 25,533 | 313 | 0.05% | 0.05% | 35 | -700 | -2.67% | Q4 2025 | Feb 10, 2026 |
| AQR CAPITAL MANAGEMENT LLC | History | Reduced | 25,075 | 307 | 0.0% | 0.0% | 36 | -13,552 | -35.08% | Q4 2025 | Feb 17, 2026 |
| Brevan Howard Capital Management LP | History | New | 24,253 | 297 | 0.0% | — | 37 | +24,253 | New | Q4 2025 | Feb 17, 2026 |
| United Advisor Group, LLC | History | Reduced | 23,950 | 293 | 0.04% | 0.04% | 38 | -600 | -2.44% | Q4 2025 | Jan 26, 2026 |
| RHUMBLINE ADVISERS | History | Reduced | 23,404 | 286 | 0.0% | 0.0% | 39 | -1,293 | -5.24% | Q4 2025 | Feb 13, 2026 |
| Nuveen, LLC | History | No change | 22,675 | 277 | 0.0% | 0.0% | 40 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | History | New | 22,172 | 271 | 0.0% | — | 41 | +22,172 | New | Q4 2025 | Feb 13, 2026 |
| GEODE CAPITAL MANAGEMENT, LLC | History | Added to | 21,620 | 265 | 0.0% | 0.0% | 42 | +787 | 3.78% | Q4 2025 | Feb 09, 2026 |
| ALLIANCEBERNSTEIN L.P. | History | No change | 21,410 | 262 | 0.0% | 0.0% | 43 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| WELLS FARGO & COMPANY/MN | History | Added to | 20,352 | 249 | 0.0% | 0.0% | 44 | +6,433 | 46.22% | Q4 2025 | Feb 13, 2026 |
| EVERETT HARRIS & CO /CA/ | History | No change | 18,500 | 226 | 0.0% | 0.0% | 45 | 0 | 0.0% | Q4 2025 | Feb 11, 2026 |
| AlTi Global, Inc. | History | Added to | 16,733 | 213 | 0.0% | 0.0% | 46 | +611 | 3.79% | Q4 2025 | Feb 13, 2026 |
| HRT FINANCIAL LP | History | New | 16,535 | 202 | 0.0% | — | 47 | +16,535 | New | Q4 2025 | Feb 12, 2026 |
| FMR LLC | History | Added to | 15,760 | 193 | 0.0% | 0.0% | 48 | +9,486 | 151.2% | Q4 2025 | Feb 17, 2026 |
| MERCER GLOBAL ADVISORS INC /ADV | History | New | 14,897 | 182 | 0.0% | — | 49 | +14,897 | New | Q4 2025 | Feb 18, 2026 |
| BANK OF AMERICA CORP /DE/ | History | Added to | 13,495 | 165 | 0.0% | 0.0% | 50 | +6,657 | 97.35% | Q4 2025 | Feb 17, 2026 |
| DEUTSCHE BANK AG\ | History | Added to | 12,954 | 158 | 0.0% | 0.0% | 51 | +3,397 | 35.54% | Q4 2025 | Feb 11, 2026 |
| Virtus Investment Advisers, LLC | History | New | 12,585 | 154 | 0.04% | — | 52 | +12,585 | New | Q4 2025 | Feb 17, 2026 |
| Odyssean, LLC | History | New | 11,987 | 146 | 0.1% | — | 53 | +11,987 | New | Q4 2025 | Feb 17, 2026 |
| CITIGROUP INC | History | Reduced | 10,997 | 134 | 0.0% | 0.0% | 54 | -1,328 | -10.77% | Q4 2025 | Feb 13, 2026 |
| TWO SIGMA INVESTMENTS, LP | History | Reduced | 10,632 | 130 | 0.0% | 0.0% | 55 | -5,466 | -33.95% | Q4 2025 | Feb 17, 2026 |
| Vivaldi Capital Management LP | History | New | 10,095 | 123 | 0.02% | — | 56 | +10,095 | New | Q4 2025 | Feb 13, 2026 |
| MetLife Investment Management, LLC | History | No change | 9,960 | 122 | 0.0% | 0.0% | 57 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Eurizon Capital SGR S.p.A. | History | New | 8,534 | 108 | 0.0% | — | 58 | +8,534 | New | Q4 2025 | Feb 10, 2026 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | History | Added to | 8,433 | 103 | 0.0% | 0.0% | 59 | +298 | 3.66% | Q4 2025 | Feb 17, 2026 |
| NEW YORK STATE COMMON RETIREMENT FUND | History | No change | 6,038 | 74 | 0.0% | 0.0% | 60 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| UBS Group AG | History | Reduced | 5,398 | 66 | 0.0% | 0.0% | 61 | -14,384 | -72.71% | Q4 2025 | Jan 29, 2026 |
| Police & Firemen's Retirement System of New Jersey | History | No change | 4,346 | 53 | 0.0% | 0.0% | 62 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Garton & Associates Financial Advisors LLC | History | New | 4,300 | 52 | 0.03% | — | 63 | +4,300 | New | Q4 2025 | Feb 18, 2026 |
| BNP PARIBAS FINANCIAL MARKETS | History | Reduced | 4,126 | 50 | 0.0% | 0.0% | 64 | -720 | -14.86% | Q4 2025 | Feb 10, 2026 |
| STRS OHIO | History | No change | 3,200 | 39 | 0.0% | 0.0% | 65 | 0 | 0.0% | Q4 2025 | Feb 02, 2026 |
| NISA INVESTMENT ADVISORS, LLC | History | Reduced | 2,524 | 32 | 0.0% | 0.0% | 66 | -786 | -23.75% | Q4 2025 | Jan 15, 2026 |
| Geneos Wealth Management Inc. | History | No change | 2,330 | 28 | 0.0% | 0.0% | 67 | 0 | 0.0% | Q4 2025 | Jan 28, 2026 |
| Russell Investments Group, Ltd. | History | Reduced | 2,230 | 27 | 0.0% | 0.0% | 68 | -4,313 | -65.92% | Q4 2025 | Feb 17, 2026 |
| AlphaQuest LLC | History | Added to | 2,221 | 27 | 0.0% | 0.0% | 69 | +1,920 | 637.87% | Q4 2025 | Feb 09, 2026 |
| Tower Research Capital LLC (TRC) | History | Added to | 2,037 | 24 | 0.0% | 0.0% | 70 | +638 | 45.6% | Q4 2025 | Feb 17, 2026 |
| Legal & General Group Plc | History | No change | 1,638 | 20 | 0.0% | 0.0% | 71 | 0 | 0.0% | Q4 2025 | Feb 09, 2026 |
| PNC FINANCIAL SERVICES GROUP, INC. | History | Added to | 1,584 | 19 | 0.0% | 0.0% | 72 | +1,178 | 290.15% | Q4 2025 | Feb 06, 2026 |
| MAI Capital Management | History | Added to | 1,516 | 18 | 0.0% | 0.0% | 73 | +16 | 1.07% | Q4 2025 | Feb 13, 2026 |
| Ameritas Investment Partners, Inc. | History | No change | 1,352 | 16 | 0.0% | 0.0% | 74 | 0 | 0.0% | Q4 2025 | Feb 11, 2026 |
| CWM, LLC | History | Reduced | 1,165 | 14 | 0.0% | 0.0% | 75 | -995 | -46.06% | Q4 2025 | Jan 26, 2026 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | History | Added to | 1,116 | 13 | 0.0% | 0.0% | 76 | +35 | 3.24% | Q4 2025 | Feb 17, 2026 |
| Sterling Capital Management LLC | History | Reduced | 1,046 | 12 | 0.0% | 0.0% | 77 | -206 | -16.45% | Q4 2025 | Feb 13, 2026 |
| Sunbelt Securities, Inc. | History | No change | 879 | 10 | 0.0% | 0.0% | 78 | 0 | 0.0% | Q4 2025 | Feb 20, 2026 |
| AMALGAMATED BANK | History | Added to | 570 | 7 | 0.0% | 0.0% | 79 | +11 | 1.97% | Q4 2025 | Feb 05, 2026 |
| ROYAL BANK OF CANADA | History | New | 516 | 6 | 0.0% | — | 80 | +516 | New | Q4 2025 | Feb 17, 2026 |
| Westside Investment Management, Inc. | History | No change | 500 | 6 | 0.0% | 0.0% | 81 | 0 | 0.0% | Q4 2025 | Jan 23, 2026 |
| Versant Capital Management, Inc | History | Added to | 473 | 5 | 0.0% | 0.0% | 82 | +344 | 266.67% | Q4 2025 | Jan 08, 2026 |
| North Star Investment Management Corp. | History | New | 342 | 4 | 0.0% | — | 84 | +342 | New | Q4 2025 | Jan 30, 2026 |
| Atlantic Union Bankshares Corp | History | No change | 352 | 4 | 0.0% | 0.0% | 83 | 0 | 0.0% | Q4 2025 | Feb 04, 2026 |
| WealthCollab, LLC | History | New | 294 | 3 | 0.0% | — | 87 | +294 | New | Q4 2025 | Jan 27, 2026 |
| Triumph Capital Management | History | New | 250 | 3 | 0.0% | — | 86 | +250 | New | Q4 2025 | Feb 12, 2026 |
| HARBOR CAPITAL ADVISORS, INC. | History | Reduced | 211 | 3 | 0.0% | 0.0% | 85 | -4 | -1.86% | Q4 2025 | Jan 20, 2026 |
| Physician Wealth Advisors, Inc. | History | New | 185 | 2 | 0.0% | — | 89 | +185 | New | Q4 2025 | Jan 29, 2026 |
| IFP Advisors, Inc | History | Reduced | 180 | 2 | 0.0% | 0.0% | 88 | -47 | -20.7% | Q4 2025 | Feb 06, 2026 |
| Larson Financial Group LLC | History | Reduced | 112 | 1 | 0.0% | 0.0% | 91 | -115 | -50.66% | Q4 2025 | Feb 06, 2026 |
| GROUP ONE TRADING LLC | History | New | 100 | 1 | 0.0% | — | 90 | +100 | New | Q4 2025 | Feb 12, 2026 |
| GAMMA Investing LLC | History | Added to | 160 | 1 | 0.0% | 0.0% | 93 | +23 | 16.79% | Q4 2025 | Jan 05, 2026 |
| Covestor Ltd | History | Added to | 111 | 1 | 0.0% | 0.0% | 92 | +8 | 7.77% | Q4 2025 | Feb 06, 2026 |
| VAN ECK ASSOCIATES CORP | History | Closed out | 0 | 0 | — | 0.0% | — | -198,812 | -100.0% | Q3 2025 | Nov 13, 2025 |
| Tidal Investments LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -45,085 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Gladstone Institutional Advisory LLC | History | Closed out | 0 | 0 | — | 0.01% | — | -21,435 | -100.0% | Q3 2025 | Oct 22, 2025 |
| Mariner, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -20,483 | -100.0% | Q3 2025 | Nov 14, 2025 |
| MARTINGALE ASSET MANAGEMENT L P | History | Closed out | 0 | 0 | — | 0.01% | — | -20,222 | -100.0% | Q3 2025 | Nov 13, 2025 |
| HB Wealth Management, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -12,498 | -100.0% | Q3 2025 | Oct 23, 2025 |
| MML INVESTORS SERVICES, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -11,438 | -100.0% | Q3 2025 | Nov 14, 2025 |
| DUMONT & BLAKE INVESTMENT ADVISORS LLC | History | Closed out | 0 | 0 | — | 0.03% | — | -11,217 | -100.0% | Q3 2025 | Oct 17, 2025 |
| ENVESTNET ASSET MANAGEMENT INC | History | Closed out | 0 | 0 | — | 0.0% | — | -10,650 | -100.0% | Q3 2025 | Nov 05, 2025 |
| State of Wyoming | History | Closed out | 0 | 0 | — | 0.01% | — | -8,631 | -100.0% | Q3 2025 | Nov 04, 2025 |
| EverSource Wealth Advisors, LLC | History | Reduced | 40 | 0 | — | 0.0% | — | -4,493 | -99.12% | Q4 2025 | Feb 06, 2026 |
| ACADIAN ASSET MANAGEMENT LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -3,027 | -100.0% | Q3 2025 | Nov 13, 2025 |
| SIMPLEX TRADING, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -1,651 | -100.0% | Q3 2025 | Nov 12, 2025 |
| Arax Advisory Partners | History | Closed out | 0 | 0 | — | 0.0% | — | -1,313 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Federation des caisses Desjardins du Quebec | History | Closed out | 0 | 0 | — | 0.0% | — | -500 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Smartleaf Asset Management LLC | History | Closed out | 0 | 0 | — | — | — | -71 | -100.0% | Q3 2025 | Nov 05, 2025 |
| Ares Financial Consulting, LLC | History | New | 44 | 0 | — | — | — | +44 | New | Q4 2025 | Jan 30, 2026 |
| Cornerstone Financial Management LLC | History | New | 39 | 0 | — | — | — | +39 | New | Q4 2025 | Feb 13, 2026 |
| Allworth Financial LP | History | New | 34 | 0 | — | — | — | +34 | New | Q4 2025 | Feb 05, 2026 |
| True Wealth Design, LLC | History | Reduced | 1 | 0 | — | — | — | -15 | -93.75% | Q4 2025 | Jan 08, 2026 |
| ROTHSCHILD INVESTMENT LLC | History | Added to | 10 | 0 | — | — | — | +8 | 400.0% | Q4 2025 | Feb 10, 2026 |
| Farther Finance Advisors, LLC | History | New | 4 | 0 | — | — | — | +4 | New | Q4 2025 | Jan 23, 2026 |
| Clearstead Advisors, LLC | History | Closed out | 0 | 0 | — | — | — | -1 | -100.0% | Q3 2025 | Nov 10, 2025 |