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ACRE

Ares Commercial Real Estate

110 hedge funds and large institutions have $178M invested in Ares Commercial Real Estate in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 41 increasing their positions, 37 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

112% more call options, than puts

Call options by funds: $840K | Put options by funds: $396K

25% more capital invested

Capital invested by funds: $143M → $178M (+$35.6M)

11% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2.69% less ownership

Funds ownership: 61.09%58.41% (-2.7%)

15% less funds holding

Funds holding: 129110 (-19)

56% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 34

Holders
110
Holders Change
-19
Holders Change %
-14.73%
% of All Funds
2.26%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
41
Reduced
37
Closed
34
Calls
$840K
Puts
$396K
Net Calls
+$444K
Net Calls Change
+$372K
Name Holding Trade Value Shares
Change
Change in
Stake
Acadian Asset Management
26
Acadian Asset Management
Massachusetts
$1.45M -$6.69M -858,680 -84%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$1.4M -$21.2K -2,718 -2%
Bank of America
28
Bank of America
North Carolina
$1.25M -$489K -62,696 -31%
BA
29
Bard Associates
Illinois
$1.07M -$32K -4,100 -3%
JIC
30
Joel Isaacson & Co
New York
$1.04M +$11.1K +1,423 +1%
MSL
31
Mackay Shields LLC
New York
$1.03M +$884K +113,400 New
Citadel Advisors
32
Citadel Advisors
Florida
$1.03M +$719K +92,303 +445%
PC
33
PA Capital
Virginia
$911K +$267K +34,247 +52%
PAM
34
Panagora Asset Management
Massachusetts
$829K -$107K -13,689 -13%
BFM
35
Boothbay Fund Management
New York
$825K -$14.8K -1,904 -2%
Los Angeles Capital Management
36
Los Angeles Capital Management
California
$804K +$276K +35,440 +67%
AIM
37
Aigen Investment Management
New York
$728K -$111K -14,224 -15%
Charles Schwab
38
Charles Schwab
California
$707K
Morgan Stanley
39
Morgan Stanley
New York
$692K -$610K -78,236 -51%
Grantham, Mayo, Van Otterloo & Co (GMO)
40
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$687K +$332K +42,600 +130%
Victory Capital Management
41
Victory Capital Management
Texas
$674K -$852K -109,284 -60%
RJFSA
42
Raymond James Financial Services Advisors
Florida
$653K +$232K +29,772 +71%
Swiss National Bank
43
Swiss National Bank
Switzerland
$650K +$83.4K +10,700 +18%
UBS Group
44
UBS Group
Switzerland
$637K -$43.8K -5,623 -7%
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$628K -$8.84K -1,134 -2%
California Public Employees Retirement System
46
California Public Employees Retirement System
California
$623K +$64K +8,212 +14%
JP Morgan Chase
47
JP Morgan Chase
New York
$587K +$25.9K +3,326 +5%
JIR
48
James Investment Research
Ohio
$529K +$34.4K +4,415 +8%
AllianceBernstein
49
AllianceBernstein
Tennessee
$499K +$105K +13,500 +33%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$473K -$4.42K -567 -1%

ACRE Hedge Fund Activity: Q2 2020 in Review

110 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2020, worth a combined $178M — up 25% from $143M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of ACRE and 15 opened new positions — a net loss of 19 holders — while 37 trimmed existing stakes and 41 added.

The largest buyer was Steamboat Capital Partners, adding an estimated $5.14M. The largest seller was Acadian Asset Management, cutting an estimated $6.69M.

  • 110 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2020, down from 129 in Q1 2020.
  • Funds reported $178M of Ares Commercial Real Estate stock for Q2 2020, up 25% quarter-over-quarter.
  • 15 funds opened new Ares Commercial Real Estate positions in Q2 2020 and 34 closed out, a net change of -19 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2020 was Steamboat Capital Partners, an estimated $5.14M added.
  • The largest Ares Commercial Real Estate seller in Q2 2020 was Acadian Asset Management, an estimated $6.69M sold.

Based on aggregated 13F filings for Q2 2020.