REFINasdaqReal Estate Investment TrustsFiscal year ends December 31
Chicago Atlantic Real Estate Finance, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$8.77−0.54 (-5.80%)
Close on Oct 19, 2026
- Market cap
- $190.43M
- P/E (TTM)
- 6.4
- Dividend yield
- 21.44%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
27.0%
7M of 26M shares
Institutional holders
101
16 new, 13 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
8 buys · 0 sales
Net bought $1.29M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 1,319,746 | 7.30% | 13G (passive) | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of REFI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,719,049 | 6.71% | $18.43M | +293,478 | 0.00% |
| Fielder Capital Group LLC | 982,283 | 3.83% | $10.53M | +22,483 | 2.28% |
| Vanguard Capital Management LLC | 788,254 | 3.08% | $8.45M | +60,401 | 0.00% |
| State Street Corp | 499,188 | 1.95% | $5.58M | −11,345 | 0.00% |
| Segall Bryant & Hamill, LLC | 188,621 | 0.74% | $2.02M | New | 0.02% |
| CDC Financial, Inc. | 163,704 | 0.64% | $1.75M | +22,154 | 0.73% |
| Clayton Partners LLC | 155,344 | 0.61% | $1.67M | +5,000 | 1.09% |
| Corient Private Wealth LLC | 152,719 | 0.60% | $1.64M | −3,498 | 0.00% |
| Northern Trust Corp | 146,958 | 0.57% | $1.58M | +5,485 | 0.00% |
| Vanguard Portfolio Management LLC | 125,772 | 0.49% | $1.35M | +21,439 | 0.00% |
| Vanguard Fiduciary Trust Co | 115,888 | 0.45% | $1.24M | +1,593 | 0.00% |
| Connor, Clark & Lunn Investment Management Ltd. | 113,810 | 0.44% | $1.22M | −2,459 | 0.00% |
| Doliver Advisors, LP | 111,008 | 0.43% | $1.19M | −800 | 0.27% |
| Penserra Capital Management LLC | 108,882 | 0.42% | $1.17K | +14,100 | 0.01% |
| Osaic Holdings, Inc. | 91,265 | 0.36% | $978.37K | +7,213 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 88,975 | 0.35% | $953.81K | New | 0.00% |
| Intrepid Capital Management Inc | 73,922 | 0.29% | $792.44K | – | 0.28% |
| Price T Rowe Associates Inc /Md/ | 69,485 | 0.27% | $745 | +12,524 | 0.00% |
| Morgan Stanley | 63,595 | 0.25% | $681.74K | +14,923 | 0.00% |
| Odyssean, LLC | 63,292 | 0.25% | $678.49K | +50,317 | 0.11% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 101 | 7M | 27.0% | 16 / 46 | 23 / 13 | 1M | 1M |
| Q1 2026 | 100 | 6M | 24.7% | 20 / 29 | 32 / 19 | 2M | 1M |
| Q4 2025 | 101 | 7M | 26.4% | 21 / 36 | 31 / 16 | 1M | 1M |
| Q3 2025 | 97 | 7M | 26.0% | 16 / 36 | 25 / 14 | 1M | 0M |
| Q2 2025 | 95 | 6M | 24.7% | 12 / 35 | 32 / 23 | 1M | 1M |
| Q1 2025 | 109 | 7M | 25.8% | 19 / 33 | 35 / 12 | 1M | 1M |
| Q4 2024 | 103 | 7M | 28.3% | 20 / 40 | 24 / 14 | 1M | 0M |
| Q3 2024 | 98 | 6M | 24.5% | 19 / 39 | 20 / 8 | 3M | 0M |
| Q2 2024 | 89 | 6M | 22.1% | 13 / 35 | 26 / 13 | 1M | 1M |
| Q1 2024 | 89 | 6M | 22.2% | 17 / 28 | 24 / 9 | 1M | 0M |
| Q4 2023 | 81 | 5M | 18.3% | 13 / 36 | 21 / 4 | 0M | 0M |
| Q3 2023 | 73 | 5M | 17.9% | 9 / 29 | 22 / 8 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of REFI | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 570,761 | 2.23% | $6.12M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 548,268 | 2.14% | $5.88M | 0.01% | Jun 30, 2026 |
| iShares Mortgage Real Estate ETF | 214,812 | 0.84% | $2.30M | 0.42% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 200,952 | 0.78% | $2.15M | 0.01% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 199,009 | 0.78% | $2.13M | 0.00% | Jun 30, 2026 |
| Hoya Capital High Dividend Yield ETF | 95,391 | 0.37% | $1.08M | 1.04% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 93,204 | 0.36% | $1.06M | 0.01% | May 31, 2026 |
| iShares Micro-Cap ETF | 63,282 | 0.25% | $678.38K | 0.04% | Jun 30, 2026 |
| Intrepid Capital Fund | 61,878 | 0.24% | $663.33K | 0.53% | Jun 30, 2026 |
| Schwab Small-Cap Index Fund | 46,772 | 0.18% | $456.49K | 0.01% | Jul 31, 2026 |
| Master Small Cap Index Series | 39,316 | 0.15% | $421.47K | 0.01% | Jun 30, 2026 |
| Amplify Seymour Cannabis ETF | 33,345 | 0.13% | $357.46K | 0.43% | Jun 30, 2026 |
| EQ/2000 Managed Volatility Portfolio | 22,627 | 0.09% | $242.56K | 0.01% | Jun 30, 2026 |
| Sequoia Global Value ETF | 19,902 | 0.08% | $226.29K | 0.02% | May 29, 2026 |
| Virtus Real Asset Income ETF | 18,127 | 0.07% | $176.92K | 0.95% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| John Mazarakis | Executive Chairman, Director | 563,086 | 2.20% | Aug 28, 2026 |
| Peter Sack | Co-Chief Executive Officer, Director | 121,356 | 0.47% | Aug 21, 2026 |
| Anthony Cappell | Co-Chief Executive Officer, Director | 480,073 | 1.87% | Aug 19, 2026 |
| David Kite | President and COO | 109,611 | 0.43% | Apr 22, 2026 |
| Phillip Silverman | Chief Financial Officer | 71,516 | 0.28% | Apr 22, 2026 |
| Andreas Bodmeier | President and CIO | 404,901 | 1.58% | Apr 3, 2025 |
| Elizabeth Mary Stavola | Director | 6,324 | 0.02% | Apr 22, 2026 |
| Jason D. Papastavrou | Director | 63,870 | 0.25% | Apr 22, 2026 |
| Brandon Konigsberg | Director | 33,870 | 0.13% | Apr 22, 2026 |
| Michael L. Steiner | Director | 453,688 | 1.77% | Apr 3, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| John Mazarakis Executive Chairman, Director | Aug 27, 2026 | Buy | +7,530 | $10.67 | $80.35K | 526,562 |
| John Mazarakis Executive Chairman, Director | Aug 26, 2026 | Buy | +40,181 | $10.67 | $428.73K | 519,032 |
| John Mazarakis Executive Chairman, Director | Aug 21, 2026 | Buy | +145 | $10.67 | $1.55K | 478,851 |
| Peter Sack Co-Chief Executive Officer, Director | Aug 19, 2026 | Buy | +1,500 | $10.53 | $15.79K | 121,356 |
| Peter Sack Co-Chief Executive Officer, Director | Aug 19, 2026 | Buy | +2,000 | $10.39 | $20.78K | 123,356 |
| Peter Sack Co-Chief Executive Officer, Director | Aug 18, 2026 | Buy | +1,500 | $10.43 | $15.65K | 119,856 |
| Anthony Cappell Co-Chief Executive Officer, Director | Aug 17, 2026 | Buy | +45,000 | $10.41 | $468.45K | 466,706 |
| John Mazarakis Executive Chairman, Director | Aug 17, 2026 | Buy | +25,000 | $10.25 | $256.25K | 478,706 |
| Brandon Konigsberg Director | Apr 20, 2026 | Award | +6,324 | – | – | 33,870 |
| John Mazarakis Executive Chairman, Director | Apr 20, 2026 | Award | +37,099 | – | – | 453,706 |
| David Kite President and COO | Apr 20, 2026 | Award | +37,099 | – | – | 96,615 |
| Elizabeth Mary Stavola Director | Apr 20, 2026 | Award | +6,324 | – | – | 6,324 |
| Phillip Silverman Chief Financial Officer | Apr 20, 2026 | Award | +32,462 | – | – | 71,516 |
| Peter Sack Co-Chief Executive Officer, Director | Apr 20, 2026 | Award | +37,099 | – | – | 118,356 |
| Jason D. Papastavrou Director | Apr 20, 2026 | Award | +6,324 | – | – | 55,870 |
| Anthony Cappell Co-Chief Executive Officer, Director | Apr 20, 2026 | Award | +37,099 | – | – | 421,706 |
| John Mazarakis Executive Chairman, Director | Oct 16, 2025 | Buy | +8,000 | $12.75 | $102.00K | 416,607 |
| David Kite Chief Operating Officer | Oct 15, 2025 | Buy | +2,500 | $12.70 | $31.75K | 59,516 |
| Jason D. Papastavrou Director | Oct 15, 2025 | Buy | +3,000 | $12.68 | $38.04K | 3,000 |
| Jason D. Papastavrou Director | Oct 15, 2025 | Buy | +5,000 | $12.71 | $63.55K | 5,000 |
| Jason D. Papastavrou Director | Oct 15, 2025 | Buy | +10,000 | $12.62 | $126.20K | 49,546 |
| Brandon Konigsberg Director | Oct 14, 2025 | Buy | +7,000 | $12.33 | $86.31K | 27,546 |
| David Kite Chief Operating Officer | Oct 14, 2025 | Buy | +2,500 | $12.31 | $30.78K | 57,016 |
| Peter Sack Co-Chief Executive Officer, Director | Oct 14, 2025 | Buy | +8,150 | $12.43 | $101.30K | 81,257 |
| John Mazarakis Executive Chairman, Director | Oct 1, 2025 | Buy | +7,500 | $12.43 | $93.23K | 408,607 |
| Phillip Silverman Chief Financial Officer | Apr 9, 2025 | Buy | +769 | $13.00 | $10.00K | 39,054 |
| Anthony Cappell Co-Chief Executive Officer, Director | Apr 1, 2025 | Award | +28,398 | – | – | 384,607 |
| Michael L. Steiner Director | Apr 1, 2025 | Award | +5,071 | – | – | 274,109 |
| Phillip Silverman Chief Financial Officer | Apr 1, 2025 | Award | +8,993 | – | – | 38,285 |
| Jason D. Papastavrou Director | Apr 1, 2025 | Award | +5,071 | – | – | 39,546 |
| John Mazarakis Executive COB, Director | Apr 1, 2025 | Award | +28,398 | – | – | 401,107 |
| Peter Sack Co-Chief Executive Officer, Director | Apr 1, 2025 | Award | +28,398 | – | – | 73,107 |
| David Kite Chief Operating Officer | Apr 1, 2025 | Award | +28,398 | – | – | 54,516 |
| Brandon Konigsberg Director | Apr 1, 2025 | Award | +5,071 | – | – | 20,546 |
| Andreas Bodmeier President and CIO | Apr 1, 2025 | Award | +28,398 | – | – | 391,534 |
| John Mazarakis Executive COB, Director | Nov 8, 2024 | Buy | +2,779 | $15.82 | $43.96K | 372,709 |
| John Mazarakis Executive COB, Director | Nov 7, 2024 | Sale | −2,779 | $15.86 | $44.07K | 369,930 |
| Jason D. Papastavrou Director | Apr 1, 2024 | Award | +4,811 | $15.59 | $75.00K | 34,475 |
| Frederick C. Herbst Director | Apr 1, 2024 | Award | +4,811 | $15.59 | $75.00K | 19,475 |
| Andreas Bodmeier President and CIO, Director | Apr 1, 2024 | Award | +43,655 | $15.59 | $680.58K | 363,136 |
| Anthony Cappell Co-Chief Executive Officer, Director | Apr 1, 2024 | Award | +43,655 | $15.59 | $680.58K | 356,209 |
| Donald E. Gulbrandsen Co-President and CIO, Director | Apr 1, 2024 | Award | +4,811 | $15.59 | $75.00K | 851,445 |
| John Mazarakis Executive COB, Director | Apr 1, 2024 | Award | +43,655 | $15.59 | $680.58K | 372,709 |
| Michael L. Steiner Director | Apr 1, 2024 | Award | +4,811 | $15.59 | $75.00K | 232,009 |
| Brandon Konigsberg Director | Apr 1, 2024 | Award | +4,811 | $15.59 | $75.00K | 15,475 |
| Peter Sack Co-Chief Executive Officer, Director | Apr 1, 2024 | Award | +11,388 | $15.59 | $177.54K | 44,709 |
| Phillip Silverman CFO | Apr 1, 2024 | Award | +5,717 | – | – | 29,292 |
| Andreas Bodmeier Co-President and CIO, Director | Jun 1, 2023 | Award | +85,100 | $14.75 | $1.26M | 319,481 |
| Anthony Cappell Chief Executive Officer, Director | Jun 1, 2023 | Award | +85,100 | $14.75 | $1.26M | 312,554 |
| Peter Sack Co-President, Director | Jun 1, 2023 | Award | +27,500 | $14.75 | $405.63K | 33,321 |
| John Mazarakis Executive COB, Director | Jun 1, 2023 | Award | +85,100 | $14.75 | $1.26M | 365,578 |
| Phillip Silverman Interim CFO | Jun 1, 2023 | Award | +11,500 | $14.75 | $169.63K | 23,575 |
| John Mazarakis Executive COB, Director | Mar 14, 2023 | Buy | +10,000 | $13.19 | $131.90K | 243,954 |
| Michael L. Steiner Director | Dec 31, 2022 | Award | +4,976 | – | – | 200,595 |
| Brandon Konigsberg Director | Dec 31, 2022 | Award | +4,976 | – | – | 10,664 |
| Jason D. Papastavrou Director | Dec 31, 2022 | Award | +4,976 | – | – | 29,644 |
| Donald E. Gulbrandsen Director | Dec 31, 2022 | Award | +4,976 | – | – | 846,634 |
| Frederick C. Herbst Director | Dec 31, 2022 | Award | +4,976 | – | – | 14,664 |
| Andreas Bodmeier Co-President and CIO, Director | Dec 12, 2022 | Buy | +9,184 | $15.86 | $145.66K | 234,381 |
| Peter Sack Co-President, Director | Dec 12, 2022 | Buy | +2,396 | $15.86 | $38.00K | 5,821 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.