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ACRE

Ares Commercial Real Estate

112 hedge funds and large institutions have $168M invested in Ares Commercial Real Estate in 2020 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 43 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

352% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $345K

13% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 16

2% more funds holding

Funds holding: 110112 (+2)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2.67% less ownership

Funds ownership: 58.41%55.73% (-2.7%)

6% less capital invested

Capital invested by funds: $178M → $168M (-$10.3M)

47% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 43

Holders
112
Holders Change
+2
Holders Change %
+1.82%
% 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
18
Increased
23
Reduced
43
Closed
16
Calls
$1.56M
Puts
$345K
Net Calls
+$1.22M
Net Calls Change
+$772K
Name Holding Trade Value Shares
Change
Change in
Stake
MSL
26
Mackay Shields LLC
New York
$1.33M +$305K +32,500 +29%
Invesco
27
Invesco
Georgia
$1.28M -$649K -69,213 -33%
Hotchkis & Wiley Capital Management
28
Hotchkis & Wiley Capital Management
California
$1.28M +$1.31M +139,650 New
Bank of America
29
Bank of America
North Carolina
$1.23M -$27.2K -2,898 -2%
BA
30
Bard Associates
Illinois
$1.05M -$22.3K -2,375 -2%
JIC
31
Joel Isaacson & Co
New York
$1.05M +$10.6K +1,134 +1%
Two Sigma Investments
32
Two Sigma Investments
New York
$1M -$1.92M -204,699 -65%
BFM
33
Boothbay Fund Management
New York
$776K -$51.7K -5,517 -6%
RJFSA
34
Raymond James Financial Services Advisors
Florida
$757K +$105K +11,182 +16%
Charles Schwab
35
Charles Schwab
California
$682K -$27.1K -2,889 -4%
Swiss National Bank
36
Swiss National Bank
Switzerland
$652K
Grantham, Mayo, Van Otterloo & Co (GMO)
37
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$651K -$38.4K -4,100 -5%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$646K +$21.6K +2,300 +3%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$622K -$7.57K -808 -1%
Prudential Financial
40
Prudential Financial
New Jersey
$612K +$261K +27,900 +71%
UBS Group
41
UBS Group
Switzerland
$544K -$96.9K -10,340 -15%
JIR
42
James Investment Research
Ohio
$530K
D.E. Shaw & Co
43
D.E. Shaw & Co
New York
$490K -$1.07M -114,464 -68%
Morgan Stanley
44
Morgan Stanley
New York
$489K -$208K -22,227 -29%
PPA
45
Parametric Portfolio Associates
Washington
$481K +$43.6K +4,655 +10%
Ameriprise
46
Ameriprise
Minnesota
$478K +$490K +52,250 New
AllianceBernstein
47
AllianceBernstein
Tennessee
$451K -$50.6K -5,400 -10%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$434K
Deutsche Bank
49
Deutsche Bank
Germany
$433K +$76.5K +8,168 +21%
VRS
50
Virginia Retirement Systems
Virginia
$423K

ACRE Hedge Fund Activity: Q3 2020 in Review

112 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2020, worth a combined $168M — down 5.8% from $178M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ACRE positions and 16 closed out — a net gain of 2 holders — while 23 added to existing stakes and 43 trimmed.

The largest buyer was Smith Graham & Co Investment Advisors, opening a new position worth an estimated $7.36M. The largest seller was Callodine Capital Management, exiting entirely with an estimated $4.56M sold.

  • 112 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2020, up from 110 in Q2 2020.
  • Funds reported $168M of Ares Commercial Real Estate stock for Q3 2020, down 5.8% quarter-over-quarter.
  • 18 funds opened new Ares Commercial Real Estate positions in Q3 2020 and 16 closed out, a net change of +2 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2020 was Smith Graham & Co Investment Advisors, an estimated $7.36M added.
  • The largest Ares Commercial Real Estate seller in Q3 2020 was Callodine Capital Management, an estimated $4.56M sold.

Based on aggregated 13F filings for Q3 2020.