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ACRE

Ares Commercial Real Estate
ACRE

112 hedge funds and large institutions have $248M invested in Ares Commercial Real Estate in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 42 increasing their positions, 44 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.6% less ownership

Funds ownership: 65.6% → 65% (-0.6%)

3% less capital invested

Capital invested by funds: $256M → $248M (-$8.89M)

5% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 44

10% less funds holding

Funds holding: 124 → 112 (-12)

41% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 17

75% less call options, than puts

Call options by funds: $29K | Put options by funds: $118K

Holders
112
Holders Change
-12
Holders Change %
-9.68%
% of All Funds
2.79%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
10
Increased
42
Reduced
44
Closed
17
Calls
$29K
Puts
$118K
Net Calls
-$89K
Net Calls Change
-$89K

Top Buyers

1
BlackRock
BlackRock
New York
+$37.2M
2
CCP
Clough Capital Partners
Massachusetts
+$2.03M
3
TC
Telemus Capital
Michigan
+$1.63M
4
N
Nuveen
North Carolina
+$1.59M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.19M

Top Sellers

1
AllianceBernstein
AllianceBernstein
Tennessee
-$2.33M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$1.77M
3
Morgan Stanley
Morgan Stanley
New York
-$1.66M
4
Wells Fargo
Wells Fargo
California
-$1.41M
5
JIR
James Investment Research
Ohio
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$1.91M -$67.6K -5,012 -3%
BA
27
Bard Associates
Illinois
$1.84M -$16.9K -1,250 -0.9%
SCM
28
Signia Capital Management
Washington
$1.78M +$639K +47,386 +55%
AC
29
Alleghany Corporation
New York
$1.67M – – –
Bank of New York Mellon
30
Bank of New York Mellon
New York
$1.66M +$133K +9,833 +9%
LSV Asset Management
31
LSV Asset Management
Illinois
$1.57M +$208K +15,400 +15%
Invesco
32
Invesco
Georgia
$1.41M +$107K +7,923 +8%
CCMLC
33
Cardinal Capital Management LLC (Connecticut)
Connecticut
$1.41M +$3.51K +260 +0.2%
Two Sigma Advisers
34
Two Sigma Advisers
New York
$1.28M -$69.8K -5,177 -5%
Thrivent Financial for Lutherans
35
Thrivent Financial for Lutherans
Minnesota
$1.18M +$1.19M +88,490 New
KCM
36
Kennedy Capital Management
Missouri
$1.07M -$212K -15,700 -16%
CP
37
Camelot Portfolios
Ohio
$1.03M +$25.6K +1,902 +3%
D.E. Shaw & Co
38
D.E. Shaw & Co
New York
$1.01M +$341K +25,285 +50%
PPA
39
Parametric Portfolio Associates
Washington
$1.01M -$189K -13,999 -16%
JIC
40
Joel Isaacson & Co
New York
$971K +$978K +72,547 New
Renaissance Technologies
41
Renaissance Technologies
New York
$914K -$170K -12,637 -16%
NFA
42
Nuveen Fund Advisors
Illinois
$907K +$22K +1,629 +2%
SCA
43
Secor Capital Advisors
New York
$885K -$124K -9,201 -12%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$869K -$129K -9,532 -13%
SCM
45
Sterling Capital Management
North Carolina
$853K +$15.3K +1,133 +2%
Bessemer Group
46
Bessemer Group
New Jersey
$852K +$4.05K +300 +0.5%
Los Angeles Capital Management
47
Los Angeles Capital Management
California
$851K -$539 -40 -0.1%
Prudential Financial
48
Prudential Financial
New Jersey
$775K -$429K -31,800 -35%
TA
49
Teachers Advisors
New York
$743K +$24.2K +1,798 +3%
Millennium Management
50
Millennium Management
New York
$734K +$581K +43,097 +367%
1
2
3 4 5

ACRE Hedge Fund Activity: Q1 2017 in Review

112 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2017, worth a combined $248M — down 3.5% from $256M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of ACRE and 10 opened new positions — a net loss of 7 holders — while 44 trimmed existing stakes and 42 added.

The largest buyer was BlackRock, adding an estimated $37.2M. The largest seller was AllianceBernstein, cutting an estimated $2.33M.

  • 112 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2017, down from 124 in Q4 2016.
  • Funds reported $248M of Ares Commercial Real Estate stock for Q1 2017, down 3.5% quarter-over-quarter.
  • 10 funds opened new Ares Commercial Real Estate positions in Q1 2017 and 17 closed out, a net change of -7 holders.
  • The largest Ares Commercial Real Estate buyer in Q1 2017 was BlackRock, an estimated $37.2M added.
  • The largest Ares Commercial Real Estate seller in Q1 2017 was AllianceBernstein, an estimated $2.33M sold.

Based on aggregated 13F filings for Q1 2017.