CHICAGO ATLANTIC REAL ESTATE
111 institutions still hold CHICAGO ATLANTIC REAL ESTATE as of Q2 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.
Chicago Atlantic Real Estate Finance Inc. (REFI, CUSIP 167239102) entered Q1 2026 with $100M of institutional 13F value across 99 institutional holders — an appropriate concentration profile for a business-development company / specialty finance REIT focused on commercial real estate first mortgage and mezzanine lending, whose investor base is drawn from credit-focused, BDC, and real-estate-debt managers rather than diversified large-cap equity strategies. The defining Q1 signal is five new positions opening in a concentrated 99-holder universe — a material shift reflecting new institutional entry at the manager tier, possibly driven by a perceived dislocated CRE-credit opportunity or a spread-expansion environment that makes senior-lending BDCs attractively priced. For smart-money trackers, REFI's value is at the credit-cycle tier: BDC/shareholder yield, net interest margin, credit quality on originated loans, and sensitivity to interest-rate trajectory are the fundamental variables that drive this name's institutional rotation pattern, and Q1's new-position flow at this size represents institutional positioning in CRE credit rather than equity appreciation thesis.
Top holders
Sorted by position value. Source: SEC EDGAR 13F-HR filings.