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ACRE

Ares Commercial Real Estate
ACRE

99 hedge funds and large institutions have $219M invested in Ares Commercial Real Estate in 2015 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 30 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 30

1.41% more ownership

Funds ownership: 65.57% → 66.99% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $225M → $219M (-$5.61M)

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

1% less funds holding

Funds holding: 100 → 99 (-1)

Holders
99
Holders Change
-1
Holders Change %
-1%
% of All Funds
2.6%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
13
Increased
39
Reduced
30
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCA
Mendon Capital Advisors
Florida
+$3.77M
2
RIM
RS Investment Management
California
+$3.59M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.4M
4
Prudential Financial
Prudential Financial
New Jersey
+$1.79M
5
IG
ING Group
Netherlands
+$1.74M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$2.51M
2
FM
Forward Management
California
-$2.29M
3
RCM
Rotella Capital Management
Washington
-$1.33M
4
Two Sigma Investments
Two Sigma Investments
New York
-$1.33M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$870K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$1.79M +$573K +46,347 +42%
AC
27
Alleghany Corporation
New York
$1.43M – – –
PPA
28
Parametric Portfolio Associates
Washington
$1.32M +$83.7K +6,764 +6%
BIM
29
BlackRock Investment Management
Delaware
$1.28M -$11.6K -940 -0.8%
RVPG
30
Relative Value Partners Group
$1.22M +$73.5K +5,944 +6%
MAM
31
Martingale Asset Management
Massachusetts
$1.2M +$189K +15,273 +17%
GCP
32
GSA Capital Partners
United Kingdom
$1.17M +$158K +12,789 +14%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$1.17M -$268K -21,644 -18%
CA
34
Corrado Advisors
New Jersey
$1.13M -$98.7K -7,980 -7%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$1.1M -$1.05K -85 -0.1%
Allianz Asset Management
36
Allianz Asset Management
Germany
$953K +$33.1K +2,680 +3%
SCM
37
Signia Capital Management
Washington
$874K +$10.2K +828 +1%
JC
38
JBF Capital
Colorado
$795K – – –
DCM
39
Dialectic Capital Management
Connecticut
$756K -$216K -17,500 -21%
CP
40
Camelot Portfolios
Ohio
$738K +$24.5K +1,977 +3%
State Board of Administration of Florida Retirement System
41
State Board of Administration of Florida Retirement System
Florida
$648K – – –
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$646K +$295K +23,882 +73%
CS
43
Credit Suisse
Switzerland
$625K -$497K -40,157 -42%
Goldman Sachs
44
Goldman Sachs
New York
$624K +$407K +32,923 +152%
SCM
45
Sterling Capital Management
North Carolina
$612K – – –
TA
46
Teachers Advisors
New York
$586K +$130K +10,528 +26%
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$574K +$10.9K +878 +2%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$519K +$509K +41,138 +988%
Charles Schwab
49
Charles Schwab
California
$480K – – –
MERSOM
50
Municipal Employees' Retirement System of Michigan
Michigan
$442K +$468K +37,800 New
1
2
3 4 5

ACRE Hedge Fund Activity: Q4 2015 in Review

99 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2015, worth a combined $219M — down 2.5% from $225M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of ACRE and 13 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 39 added.

The largest buyer was Mendon Capital Advisors, opening a new position worth an estimated $3.77M. The largest seller was Citadel Advisors, cutting an estimated $2.51M.

  • 99 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2015, down from 100 in Q3 2015.
  • Funds reported $219M of Ares Commercial Real Estate stock for Q4 2015, down 2.5% quarter-over-quarter.
  • 13 funds opened new Ares Commercial Real Estate positions in Q4 2015 and 14 closed out, a net change of -1 holder.
  • The largest Ares Commercial Real Estate buyer in Q4 2015 was Mendon Capital Advisors, an estimated $3.77M added.
  • The largest Ares Commercial Real Estate seller in Q4 2015 was Citadel Advisors, an estimated $2.51M sold.

Based on aggregated 13F filings for Q4 2015.