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ACRE

Ares Commercial Real Estate
ACRE

84 hedge funds and large institutions have $196M invested in Ares Commercial Real Estate in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

71% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 21

6% more funds holding

Funds holding: 79 → 84 (+5)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.55% less ownership

Funds ownership: 63.63% → 62.08% (-1.6%)

6% less capital invested

Capital invested by funds: $209M → $196M (-$12.9M)

Holders
84
Holders Change
+5
Holders Change %
+6.33%
% of All Funds
2.24%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
36
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$2.39M
2
N
Nuveen
North Carolina
+$1.89M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.86M
4
CHAM
Clear Harbor Asset Management
Connecticut
+$1.72M
5
Bank of America
Bank of America
North Carolina
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
-$8.28M
2
FCM
Frontier Capital Management
Massachusetts
-$8.07M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$2.5M
4
Millennium Management
Millennium Management
New York
-$1.91M
5
PAIM
Punch & Associates Investment Management
Minnesota
-$684K
Name Holding Trade Value Shares
Change 		Change in
Stake
Balyasny Asset Management
26
Balyasny Asset Management
Illinois
$1.73M +$1.86M +156,916 New
HCS
27
Harvest Capital Strategies
California
$1.6M +$39.5K +3,340 +2%
FCM
28
Frontier Capital Management
Massachusetts
$1.54M -$8.07M -681,791 -83%
AC
29
Alleghany Corporation
New York
$1.38M – – –
EWM
30
Edge Wealth Management
New York
$1.37M +$582K +49,138 +65%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$1.35M +$34.3K +2,901 +2%
TCIM
32
TIAA CREF Investment Management
New York
$1.32M +$61.2K +5,168 +5%
BIM
33
BlackRock Investment Management
Delaware
$1.17M +$118K +9,943 +10%
State of New Jersey Common Pension Fund D
34
State of New Jersey Common Pension Fund D
New Jersey
$1.1M – – –
CA
35
Corrado Advisors
New Jersey
$1.1M +$174K +14,735 +17%
CS
36
Credit Suisse
Switzerland
$1.03M +$72.1K +6,094 +7%
Deutsche Bank
37
Deutsche Bank
Germany
$819K +$449K +37,978 +105%
RVP
38
Relative Value Partners
Illinois
$780K +$136K +11,473 +19%
JC
39
JBF Capital
Colorado
$768K – – –
PPA
40
Parametric Portfolio Associates
Washington
$766K +$308K +26,013 +60%
CP
41
Camelot Portfolios
Ohio
$651K +$71.5K +6,040 +11%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$610K +$19.3K +1,627 +3%
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$577K -$9.47K -800 -2%
SCM
44
Sterling Capital Management
North Carolina
$508K +$544K +45,929 New
Charles Schwab
45
Charles Schwab
California
$463K – – –
PWP
46
Private Wealth Partners
California
$442K – – –
TA
47
Teachers Advisors
New York
$440K +$45.9K +3,881 +11%
AG
48
Aperio Group
California
$392K +$243K +20,538 +138%
Invesco
49
Invesco
Georgia
$389K +$332K +28,047 +392%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$385K +$22.5K +1,900 +6%
1
2
3 4

ACRE Hedge Fund Activity: Q1 2015 in Review

84 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2015, worth a combined $196M — down 6.2% from $209M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new ACRE positions and 6 closed out — a net gain of 5 holders — while 36 added to existing stakes and 21 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $2.39M. The largest seller was BlackRock Institutional Trust, cutting an estimated $8.28M.

  • 84 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2015, up from 79 in Q4 2014.
  • Funds reported $196M of Ares Commercial Real Estate stock for Q1 2015, down 6.2% quarter-over-quarter.
  • 11 funds opened new Ares Commercial Real Estate positions in Q1 2015 and 6 closed out, a net change of +5 holders.
  • The largest Ares Commercial Real Estate buyer in Q1 2015 was AllianceBernstein, an estimated $2.39M added.
  • The largest Ares Commercial Real Estate seller in Q1 2015 was BlackRock Institutional Trust, an estimated $8.28M sold.

Based on aggregated 13F filings for Q1 2015.