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ACRE

Ares Commercial Real Estate
ACRE

124 hedge funds and large institutions have $256M invested in Ares Commercial Real Estate in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $231M → $256M (+$25.7M)

7% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 15

0.82% more ownership

Funds ownership: 64.77% → 65.6% (+0.82%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 125 → 124 (-1)

2% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 43

Holders
124
Holders Change
-1
Holders Change %
-0.8%
% of All Funds
3.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
42
Reduced
43
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Nomura Holdings
Nomura Holdings
Japan
+$5.14M
2
ACM
Advisors Capital Management
New Jersey
+$2.67M
3
CCP
Clough Capital Partners
Massachusetts
+$2.64M
4
BA
Bard Associates
Illinois
+$1.84M
5
BIT
BlackRock Institutional Trust
California
+$1.57M

Top Sellers

1
IG
ING Group
Netherlands
-$5.72M
2
Renaissance Technologies
Renaissance Technologies
New York
-$2.25M
3
Millennium Management
Millennium Management
New York
-$1.74M
4
Deutsche Bank
Deutsche Bank
Germany
-$1.66M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$1.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$2.02M -$22.1K -1,665 -1%
BA
27
Bard Associates
Illinois
$1.9M +$1.84M +138,525 New
AC
28
Alleghany Corporation
New York
$1.72M – – –
BIM
29
BlackRock Investment Management
Delaware
$1.64M -$2.05K -154 -0.1%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$1.56M +$276K +20,772 +22%
CCMLC
31
Cardinal Capital Management LLC (Connecticut)
Connecticut
$1.44M – – –
LSV Asset Management
32
LSV Asset Management
Illinois
$1.4M – – –
Two Sigma Advisers
33
Two Sigma Advisers
New York
$1.38M +$232K +17,449 +21%
Invesco
34
Invesco
Georgia
$1.34M +$377K +28,377 +41%
KCM
35
Kennedy Capital Management
Missouri
$1.31M – – –
Prudential Financial
36
Prudential Financial
New Jersey
$1.23M -$23.9K -1,800 -2%
PPA
37
Parametric Portfolio Associates
Washington
$1.23M -$93.8K -7,057 -7%
SCM
38
Signia Capital Management
Washington
$1.17M +$187K +14,094 +20%
JIR
39
James Investment Research
Ohio
$1.12M +$227K +17,050 +26%
Renaissance Technologies
40
Renaissance Technologies
New York
$1.11M -$2.25M -169,063 -68%
N
41
Nuveen
North Carolina
$1.08M -$754K -56,733 -42%
SCA
42
Secor Capital Advisors
New York
$1.03M -$242K -18,193 -19%
CP
43
Camelot Portfolios
Ohio
$1.03M +$120 +9 +0%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$1.02M +$252K +18,971 +34%
Two Sigma Investments
45
Two Sigma Investments
New York
$959K -$1.12M -83,895 -55%
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$947K +$931K +70,000 New
State Board of Administration of Florida Retirement System
47
State Board of Administration of Florida Retirement System
Florida
$910K – – –
NFA
48
Nuveen Fund Advisors
Illinois
$908K -$304K -22,859 -26%
JP Morgan Chase
49
JP Morgan Chase
New York
$886K +$747K +56,222 +680%
Los Angeles Capital Management
50
Los Angeles Capital Management
California
$874K +$226K +16,990 +36%
1
2
3 4 5

ACRE Hedge Fund Activity: Q4 2016 in Review

124 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2016, worth a combined $256M — up 11% from $231M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new ACRE positions and 15 closed out — a net gain of 1 holder — while 42 added to existing stakes and 43 trimmed.

The largest buyer was Nomura Holdings, opening a new position worth an estimated $5.14M. The largest seller was ING Group, exiting entirely with an estimated $5.72M sold.

  • 124 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2016, down from 125 in Q3 2016.
  • Funds reported $256M of Ares Commercial Real Estate stock for Q4 2016, up 11% quarter-over-quarter.
  • 16 funds opened new Ares Commercial Real Estate positions in Q4 2016 and 15 closed out, a net change of +1 holder.
  • The largest Ares Commercial Real Estate buyer in Q4 2016 was Nomura Holdings, an estimated $5.14M added.
  • The largest Ares Commercial Real Estate seller in Q4 2016 was ING Group, an estimated $5.72M sold.

Based on aggregated 13F filings for Q4 2016.