Chicago Atlantic Real Estate Finance, Inc. (REFI) Ownership
REFI ownership summary
as of October 18, 2026- Institutions
- 31.8% of shares outstanding
- Insiders
- 11.51% of shares outstanding
- Shares outstanding
- 25.6M
- Float
- 22.7M shares available to trade
- Short interest
- 7.74% 1.9M shares short
- Days to cover
- 7.94 short interest up 36.3% vs prior month
- Institutions 31.79%
- Insiders 11.51%
- Other investors 56.69%
REFI top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 6.71% | 1.7M | $16.0M | +293,478 (+20.6%) | June 30, 2026 |
| 2 | Fielder Capital Group LLC | 3.83% | 982K | $9.1M | +22,483 (+2.3%) | June 30, 2026 |
| 3 | Vanguard Capital Management, LLC | 3.08% | 788K | $7.3M | +60,401 (+8.3%) | June 30, 2026 |
| 4 | State Street Corp | 1.95% | 499K | $4.6M | −11,345 (−2.2%) | June 30, 2026 |
| 5 | Segall Bryant & Hamill | 0.74% | 189K | $1.8M | +188,621 (0.0%) | June 30, 2026 |
| 6 | CDC Financial, Inc. | 0.64% | 164K | $1.5M | +22,154 (+15.7%) | June 30, 2026 |
| 7 | Clayton Partners, LLC | 0.61% | 155K | $1.4M | +5,000 (+3.3%) | June 30, 2026 |
| 8 | CI Private Wealth LLC | 0.60% | 153K | $1.4M | −3,498 (−2.2%) | June 30, 2026 |
| 9 | Northern Trust Corp | 0.57% | 147K | $1.4M | +5,485 (+3.9%) | June 30, 2026 |
| 10 | Vanguard Portfolio Management, LLC | 0.49% | 126K | $1.2M | +21,439 (+20.5%) | June 30, 2026 |
| 11 | Vanguard Fiduciary Trust Co | 0.45% | 116K | $1.1M | +1,593 (+1.4%) | June 30, 2026 |
| 12 | Connor Clark & Lunn Inv Mgmt Ltd | 0.44% | 114K | $1.1M | −2,459 (−2.1%) | June 30, 2026 |
| 13 | Doliver Capital Advisors, Inc. | 0.43% | 111K | $1.0M | −800 (−0.7%) | June 30, 2026 |
| 14 | Penserra Capital Management, LLC | 0.42% | 109K | $1.0M | +14,100 (+14.9%) | June 30, 2026 |
| 15 | Advisor Group Holdings, Inc. | 0.36% | 91K | $849,677 | +7,213 (+8.6%) | June 30, 2026 |
| 16 | Arrowstreet Capital Limited Partnership | 0.35% | 89K | $828,357 | +88,975 (0.0%) | June 30, 2026 |
| 17 | Intrepid Capital Management Inc | 0.29% | 74K | $688,214 | — | March 31, 2026 |
| 18 | T. Rowe Price Associates, Inc. | 0.27% | 69K | $646,905 | +12,524 (+22.0%) | June 30, 2026 |
| 19 | Morgan Stanley - Brokerage Accounts | 0.25% | 64K | $592,069 | +14,923 (+30.7%) | June 30, 2026 |
| 20 | Odyssean, LLC | 0.25% | 63K | $589,249 | +50,317 (+387.8%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 15 holders added 809K shares and 4 cut 18K.
REFI top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Russell 2000 ETF | 2.32% | 593K | $5.5M | −6,848 (−1.1%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 2.23% | 571K | $5.3M | — | August 31, 2026 |
| 3 | VanEck Mortgage REIT Income ETF | 1.34% | 344K | $3.2M | +9,366 (+2.8%) | September 30, 2026 |
| 4 | iShares Mortgage Real Estate Capped ETF | 1.25% | 321K | $3.0M | −1,282 (−0.4%) | September 30, 2026 |
| 5 | iShares Russell 2000 Value ETF | 0.84% | 216K | $2.0M | +328 (+0.2%) | September 30, 2026 |
| 6 | Hoya Capital High Dividend Yield ETF | 0.47% | 121K | $1.1M | +303 (+0.3%) | September 30, 2026 |
| 7 | First Trust Dow Jones Sel MicroCap ETF | 0.43% | 111K | $1.0M | — | September 30, 2026 |
| 8 | Vanguard Russell 2000 ETF | 0.42% | 108K | $1.0M | +1,764 (+1.7%) | August 31, 2026 |
| 9 | U.S. Equity Small Cap Corporate Cl OF | 0.38% | 98K | $914,670 | +98,246 (0.0%) | June 30, 2026 |
| 10 | U.S. Equity Small Cap Pool A | 0.32% | 83K | $768,894 | +82,588 (0.0%) | June 30, 2026 |
| 11 | Hotchkis & Wiley Sm Cp Divers Val I | 0.28% | 72K | $674,975 | +72,500 (0.0%) | August 31, 2026 |
| 12 | iShares Micro-Cap ETF | 0.28% | 72K | $671,828 | −498 (−0.7%) | September 30, 2026 |
| 13 | Intrepid Capital Investor | 0.24% | 62K | $576,084 | — | June 30, 2026 |
| 14 | Principal SmallCap Value II Instl | 0.19% | 48K | $447,774 | +46,624 (+3,167.4%) | August 31, 2026 |
| 15 | Schwab Small Cap Index | 0.18% | 47K | $435,447 | — | August 31, 2026 |
| 16 | Stt Strt SPDR® Russell2000 US SmCapETF | 0.17% | 44K | $413,736 | +2,112 (+5.0%) | August 31, 2026 |
| 17 | iShares Russell 2000 Small-Cap Idx Instl | 0.15% | 39K | $366,032 | — | August 31, 2026 |
| 18 | Amplify Seymour Cannabis ETF | 0.13% | 32K | $299,512 | — | September 30, 2026 |
| 19 | AST Small-Cap Equity Portfolio | 0.11% | 28K | $258,818 | +27,800 (0.0%) | August 31, 2026 |
| 20 | Multi-Manager Small Cap Eq Strat Inst | 0.10% | 27K | $248,577 | +26,700 (0.0%) | August 31, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
REFI insider transactions
latest 7| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2025-10-16 | John Mazarakis | Buy | $12.75 | 8,000 | $102,000 |
| 2025-10-15 | Jason D Papastavrou | Buy | $12.62 | 10,000 | $126,200 |
| 2025-10-15 | Jason D Papastavrou | Buy | $12.70 | 8,000 | $101,600 |
| 2025-10-14 | Brandon Konigsberg | Buy | $12.33 | 7,000 | $86,310 |
| 2025-10-14 | David Kite | Buy | $12.31 | 2,500 | $30,775 |
| 2025-10-14 | Peter Sack | Buy | $12.43 | 8,150 | $101,304 |
| 2025-10-01 | John Mazarakis | Buy | $12.43 | 7,500 | $93,225 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
REFI shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns REFI
Institutional investors own 31.8% of Chicago Atlantic Real Estate Finance's shares and insiders 11.51%. The largest holder is BlackRock Inc with 6.71% of the shares (1.7M), as of June 30, 2026. Among the top 20 institutions, 15 added shares and 4 reduced their stake in the latest filings. Short interest is 7.74% of the float, or 7.94 days of average trading volume. The share count rose 22.8% since 2021.
Related: REFI analyst forecast, REFI key metrics, REFI dividend history. See the REFI stock overview for the latest quote and news.
REFI ownership FAQ
Who owns the most Chicago Atlantic Real Estate Finance stock?
The largest shareholders of Chicago Atlantic Real Estate Finance are BlackRock Inc (6.71%), Fielder Capital Group LLC (3.83%), Vanguard Capital Management, LLC (3.08%), State Street Corp (1.95%), Segall Bryant & Hamill (0.74%).
What percentage of Chicago Atlantic Real Estate Finance is owned by institutions?
Institutions hold 31.8% of Chicago Atlantic Real Estate Finance's shares outstanding; insiders hold 11.51%.
Which funds own Chicago Atlantic Real Estate Finance?
The largest fund holders of Chicago Atlantic Real Estate Finance are iShares Russell 2000 ETF (2.32%), Vanguard MStar Total Stk Mkt Idx Invest (2.23%), VanEck Mortgage REIT Income ETF (1.34%), iShares Mortgage Real Estate Capped ETF (1.25%), iShares Russell 2000 Value ETF (0.84%).
What is Chicago Atlantic Real Estate Finance's short interest?
1.9M shares of Chicago Atlantic Real Estate Finance were sold short, 7.74% of the float; at the average daily volume it would take 7.94 days to cover.
Are insiders buying or selling Chicago Atlantic Real Estate Finance?
Of the latest 7 reported insider transactions in Chicago Atlantic Real Estate Finance (since October 1, 2025), 7 were purchases and 0 were sales.
How many shares of Chicago Atlantic Real Estate Finance are outstanding?
Chicago Atlantic Real Estate Finance has 25.6M shares outstanding, of which 22.7M are in the public float.