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ACRE

Ares Commercial Real Estate
ACRE

109 hedge funds and large institutions have $249M invested in Ares Commercial Real Estate in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 31 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

48% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 31

15% more capital invested

Capital invested by funds: $216M → $249M (+$33.1M)

0.27% more ownership

Funds ownership: 62.7% → 62.98% (+0.27%)

0% more funds holding

Funds holding: 109 → 109 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $110K

Holders
109
Holders Change
–
Holders Change %
0%
% of All Funds
2.5%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
46
Reduced
31
Closed
12
Calls
–
Puts
$110K
Net Calls
-$110K
Net Calls Change
-$161K

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$3.94M
2
RA
Resource America
New York
+$3.13M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$2.17M
4
Wells Fargo
Wells Fargo
California
+$1.15M
5
BlackRock
BlackRock
New York
+$1.06M

Top Sellers

1
BCM
Buckhead Capital Management
Georgia
-$2.94M
2
N
Nuveen
North Carolina
-$2.67M
3
AAMU
AEGON Asset Management (UK)
United Kingdom
-$2.64M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$2.35M
5
KCM
Kennedy Capital Management
Missouri
-$2.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
26
Thrivent Financial for Lutherans
Minnesota
$2.32M – – –
PPA
27
Parametric Portfolio Associates
Washington
$2.26M +$765K +57,690 +54%
TCIM
28
TIAA CREF Investment Management
New York
$2.14M +$218K +16,417 +12%
MAM
29
Martingale Asset Management
Massachusetts
$2M -$45.1K -3,400 -2%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$1.86M -$79.5K -6,001 -4%
BA
31
Bard Associates
Illinois
$1.79M -$49K -3,700 -3%
AC
32
Alleghany Corporation
New York
$1.73M – – –
Invesco
33
Invesco
Georgia
$1.64M +$350K +26,405 +29%
Two Sigma Investments
34
Two Sigma Investments
New York
$1.34M +$576K +43,417 +81%
Deutsche Bank
35
Deutsche Bank
Germany
$1.27M +$612K +46,168 +101%
ACM
36
Ativo Capital Management
Illinois
$1.24M -$119K -8,999 -9%
Two Sigma Advisers
37
Two Sigma Advisers
New York
$1.23M +$216K +16,300 +22%
JIC
38
Joel Isaacson & Co
New York
$1.2M +$4.04K +305 +0.4%
ZIM
39
Zacks Investment Management
Illinois
$1.09M – – –
GIM
40
Greenwich Investment Management
Connecticut
$983K +$91.5K +6,900 +11%
MERSOM
41
Municipal Employees' Retirement System of Michigan
Michigan
$933K – – –
Goldman Sachs
42
Goldman Sachs
New York
$897K +$19.4K +1,467 +2%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$838K +$82.9K +6,254 +11%
Charles Schwab
44
Charles Schwab
California
$813K – – –
CP
45
Camelot Portfolios
Ohio
$811K -$8.29K -625 -1%
TA
46
Teachers Advisors
New York
$807K +$76.6K +5,778 +11%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$743K -$395K -29,819 -36%
Mackenzie Financial
48
Mackenzie Financial
Ontario, Canada
$739K – – –
DCM
49
Dupont Capital Management
Delaware
$688K +$660K +49,795 New
OAM
50
Oxford Asset Management
United Kingdom
$660K +$279K +21,016 +78%
1
2
3 4 5

ACRE Hedge Fund Activity: Q2 2018 in Review

109 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2018, worth a combined $249M — up 15% from $216M a quarter earlier.

Fund positioning in ACRE was balanced in Q2 2018: 12 funds opened new positions, 12 closed out, 46 added to existing stakes and 31 trimmed.

The largest buyer was Acadian Asset Management, adding an estimated $3.94M. The largest seller was Buckhead Capital Management, exiting entirely with an estimated $2.94M sold.

  • 109 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2018, unchanged from Q1 2018.
  • Funds reported $249M of Ares Commercial Real Estate stock for Q2 2018, up 15% quarter-over-quarter.
  • 12 funds opened new Ares Commercial Real Estate positions in Q2 2018 and 12 closed out, a net change of 0 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2018 was Acadian Asset Management, an estimated $3.94M added.
  • The largest Ares Commercial Real Estate seller in Q2 2018 was Buckhead Capital Management, an estimated $2.94M sold.

Based on aggregated 13F filings for Q2 2018.