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ACRE

Ares Commercial Real Estate

131 hedge funds and large institutions have $271M invested in Ares Commercial Real Estate in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 47 increasing their positions, 45 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

4% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 45

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 134131 (-3)

4.55% less ownership

Funds ownership: 67.62%63.08% (-4.5%)

8% less capital invested

Capital invested by funds: $296M → $271M (-$24.8M)

Holders
131
Holders Change
-3
Holders Change %
-2.24%
% of All Funds
2.85%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
18
Increased
47
Reduced
45
Closed
19
Calls
$444K
Puts
Net Calls
+$444K
Net Calls Change
-$114K
Name Holding Trade Value Shares
Change
Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$2.59M -$177K -11,700 -6%
BCM
27
Beck Capital Management
Texas
$2.4M -$18.7K -1,240 -0.8%
Deutsche Bank
28
Deutsche Bank
Germany
$2.25M -$2.28M -150,712 -50%
Renaissance Technologies
29
Renaissance Technologies
New York
$2.23M -$2.27M -150,068 -50%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$2.12M +$50.6K +3,352 +2%
BA
31
Bard Associates
Illinois
$1.9M -$7.55K -500 -0.4%
Citadel Advisors
32
Citadel Advisors
Florida
$1.71M -$1.05M -69,529 -38%
DM
33
Delphi Management
Massachusetts
$1.7M -$202K -13,366 -10%
OAM
34
Oxford Asset Management
United Kingdom
$1.6M -$1.46M -96,788 -47%
UBS Group
35
UBS Group
Switzerland
$1.58M +$438K +28,961 +37%
RVPG
36
Relative Value Partners Group
$1.48M +$30.2K +2,000 +2%
Thrivent Financial for Lutherans
37
Thrivent Financial for Lutherans
Minnesota
$1.39M -$586K -38,786 -29%
Bessemer Group
38
Bessemer Group
New Jersey
$1.33M +$10.6K +700 +0.8%
Allianz Asset Management
39
Allianz Asset Management
Germany
$1.31M -$985K -65,225 -42%
JIC
40
Joel Isaacson & Co
New York
$1.3M +$4.74K +314 +0.4%
Prudential Financial
41
Prudential Financial
New Jersey
$1.18M +$102K +6,750 +9%
Neuberger Berman Group
42
Neuberger Berman Group
New York
$1.16M -$206K -13,604 -15%
AllianceBernstein
43
AllianceBernstein
Tennessee
$1.15M -$120K -7,955 -9%
Connor, Clark & Lunn Investment Management (CC&L)
44
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.13M +$233K +15,400 +25%
JP Morgan Chase
45
JP Morgan Chase
New York
$1.13M -$237K -15,691 -17%
P8IP
46
Pier 88 Investment Partners
California
$1.05M
Charles Schwab
47
Charles Schwab
California
$994K +$57.3K +3,791 +6%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$992K +$46.5K +3,079 +5%
WG
49
Winton Group
United Kingdom
$985K +$492K +32,553 +97%
Goldman Sachs
50
Goldman Sachs
New York
$983K +$371K +24,558 +59%

ACRE Hedge Fund Activity: Q2 2019 in Review

131 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2019, worth a combined $271M — down 8.4% from $296M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of ACRE and 18 opened new positions — a net loss of 1 holder — while 45 trimmed existing stakes and 47 added.

The largest buyer was Nuveen, opening a new position worth an estimated $6.3M. The largest seller was Nomura Holdings, exiting entirely with an estimated $6.03M sold.

  • 131 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2019, down from 134 in Q1 2019.
  • Funds reported $271M of Ares Commercial Real Estate stock for Q2 2019, down 8.4% quarter-over-quarter.
  • 18 funds opened new Ares Commercial Real Estate positions in Q2 2019 and 19 closed out, a net change of -1 holder.
  • The largest Ares Commercial Real Estate buyer in Q2 2019 was Nuveen, an estimated $6.3M added.
  • The largest Ares Commercial Real Estate seller in Q2 2019 was Nomura Holdings, an estimated $6.03M sold.

Based on aggregated 13F filings for Q2 2019.