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ACRE

Ares Commercial Real Estate

77 hedge funds and large institutions have $176M invested in Ares Commercial Real Estate in 2013 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 9 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

311% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 9

92% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 12

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

17% more funds holding

Funds holding: 6677 (+11)

16% more capital invested

Capital invested by funds: $153M → $176M (+$23.8M)

7.45% more ownership

Funds ownership: 43.77%51.22% (+7.4%)

75% less call options, than puts

Call options by funds: $808K | Put options by funds: $3.18M

Holders
77
Holders Change
+11
Holders Change %
+16.67%
% of All Funds
2.5%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
23
Increased
37
Reduced
9
Closed
12
Calls
$808K
Puts
$3.18M
Net Calls
-$2.37M
Net Calls Change
-$2.5M
Name Holding Trade Value Shares
Change
Change in
Stake
RFC
26
Russell Frank Company
Washington
$1.08M +$1.09M +85,453 +5,697%
Goldman Sachs
27
Goldman Sachs
New York
$989K +$516K +40,360 +103%
BIM
28
BlackRock Investment Management
Delaware
$911K +$611K +47,816 +188%
TCIM
29
TIAA CREF Investment Management
New York
$847K +$490K +38,347 +129%
CCA
30
Catalyst Capital Advisors
New York
$783K +$805K +63,000 New
IIM
31
InView Investment Management
Illinois
$766K +$787K +61,590 New
PCM
32
Prelude Capital Management
New York
$759K +$464K +36,295 +147%
DCM
33
Dialectic Capital Management
Connecticut
$746K -$2.08M -163,125 -73%
CA
34
Corrado Advisors
New Jersey
$644K +$113K +8,844 +21%
CCP
35
Clough Capital Partners
Massachusetts
$639K
EWM
36
Edge Wealth Management
New York
$623K +$424K +33,175 +196%
ARTA
37
A.R.T. Advisors
New York
$601K +$389K +30,425 +170%
Wells Fargo
38
Wells Fargo
California
$554K +$157K +12,313 +38%
AIM
39
ADAR Investment Management
New Jersey
$503K -$681K -53,267 -57%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$476K +$331K +25,900 +209%
Prudential Financial
41
Prudential Financial
New Jersey
$476K +$489K +38,300 New
Jane Street
42
Jane Street
New York
$455K +$467K +36,586 New
SKK
43
Shepherd Kaplan Krochuk
Massachusetts
$441K
Deutsche Bank
44
Deutsche Bank
Germany
$405K +$175K +13,685 +72%
Charles Schwab
45
Charles Schwab
California
$383K +$254K +19,900 +188%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$363K +$119K +9,308 +47%
TA
47
Teachers Advisors
New York
$356K +$211K +16,480 +135%
CCMLC
48
Cardinal Capital Management LLC (Connecticut)
Connecticut
$338K +$129K +10,100 +59%
Renaissance Technologies
49
Renaissance Technologies
New York
$334K -$251K -19,630 -42%
TC
50
TFS Capital
Pennsylvania
$323K +$332K +25,982 New

ACRE Hedge Fund Activity: Q3 2013 in Review

77 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2013, worth a combined $176M — up 16% from $153M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new ACRE positions and 12 closed out — a net gain of 11 holders — while 37 added to existing stakes and 9 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $17.4M. The largest seller was Credit Suisse, cutting an estimated $12.3M.

  • 77 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2013, up from 66 in Q2 2013.
  • Funds reported $176M of Ares Commercial Real Estate stock for Q3 2013, up 16% quarter-over-quarter.
  • 23 funds opened new Ares Commercial Real Estate positions in Q3 2013 and 12 closed out, a net change of +11 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2013 was Wellington Management Group, an estimated $17.4M added.
  • The largest Ares Commercial Real Estate seller in Q3 2013 was Credit Suisse, an estimated $12.3M sold.

Based on aggregated 13F filings for Q3 2013.