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ACRE

Ares Commercial Real Estate
ACRE

95 hedge funds and large institutions have $200M invested in Ares Commercial Real Estate in 2015 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 35 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 4

13% more funds holding

Funds holding: 84 → 95 (+11)

2% more capital invested

Capital invested by funds: $196M → $200M (+$4.61M)

0.11% more ownership

Funds ownership: 62.08% → 62.19% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

20% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 35

Holders
95
Holders Change
+11
Holders Change %
+13.1%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
28
Reduced
35
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Boston Partners
Boston Partners
Massachusetts
+$3M
2
EC
EJF Capital
Virginia
+$2.51M
3
Millennium Management
Millennium Management
New York
+$1.3M
4
Wells Fargo
Wells Fargo
California
+$1.24M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$921K

Top Sellers

Rank Fund Capital Flow
1
MCP
Moab Capital Partners
New York
-$2.81M
2
Renaissance Technologies
Renaissance Technologies
New York
-$1.98M
3
N
Nuveen
North Carolina
-$1.96M
4
BFA
BlackRock Fund Advisors
California
-$1.69M
5
FCM
Frontier Capital Management
Massachusetts
-$1.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.51M +$123K +10,701 +9%
AC
27
Alleghany Corporation
New York
$1.43M – – –
TCIM
28
TIAA CREF Investment Management
New York
$1.34M -$22.5K -1,954 -2%
BIM
29
BlackRock Investment Management
Delaware
$1.27M +$67.5K +5,868 +6%
CS
30
Credit Suisse
Switzerland
$1.24M +$179K +15,571 +17%
CA
31
Corrado Advisors
New Jersey
$1.23M +$91.8K +7,980 +8%
HCS
32
Harvest Capital Strategies
California
$1.12M -$541K -46,984 -32%
Citadel Advisors
33
Citadel Advisors
Florida
$1.12M +$760K +66,039 +206%
RVPG
34
Relative Value Partners Group
$1.02M +$1.03M +89,797 New
PPA
35
Parametric Portfolio Associates
Washington
$983K +$196K +17,034 +25%
Acadian Asset Management
36
Acadian Asset Management
Massachusetts
$911K +$921K +80,025 New
JC
37
JBF Capital
Colorado
$791K – – –
CP
38
Camelot Portfolios
Ohio
$691K +$20.1K +1,746 +3%
State of New Jersey Common Pension Fund D
39
State of New Jersey Common Pension Fund D
New Jersey
$626K -$518K -45,000 -45%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$564K -$31.1K -2,704 -5%
EWM
41
Edge Wealth Management
New York
$541K -$886K -77,006 -62%
SCM
42
Sterling Capital Management
North Carolina
$521K -$1.68K -146 -0.3%
NCCM
43
Nine Chapters Capital Management
New Jersey
$480K +$484K +42,100 New
Charles Schwab
44
Charles Schwab
California
$478K – – –
DCM
45
Dialectic Capital Management
Connecticut
$467K +$472K +41,000 New
TA
46
Teachers Advisors
New York
$463K +$10.4K +901 +2%
PWP
47
Private Wealth Partners
California
$456K – – –
Invesco
48
Invesco
Georgia
$411K +$10.6K +924 +3%
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$374K -$23K -2,000 -6%
Renaissance Technologies
50
Renaissance Technologies
New York
$372K -$1.98M -172,000 -84%
1
2
3 4

ACRE Hedge Fund Activity: Q2 2015 in Review

95 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2015, worth a combined $200M — up 2.4% from $196M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new ACRE positions and 4 closed out — a net gain of 12 holders — while 28 added to existing stakes and 35 trimmed.

The largest buyer was Boston Partners, adding an estimated $3M. The largest seller was Moab Capital Partners, cutting an estimated $2.81M.

  • 95 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2015, up from 84 in Q1 2015.
  • Funds reported $200M of Ares Commercial Real Estate stock for Q2 2015, up 2.4% quarter-over-quarter.
  • 16 funds opened new Ares Commercial Real Estate positions in Q2 2015 and 4 closed out, a net change of +12 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2015 was Boston Partners, an estimated $3M added.
  • The largest Ares Commercial Real Estate seller in Q2 2015 was Moab Capital Partners, an estimated $2.81M sold.

Based on aggregated 13F filings for Q2 2015.