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ACRE

Ares Commercial Real Estate
ACRE

121 hedge funds and large institutions have $351M invested in Ares Commercial Real Estate in 2021 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 55 increasing their positions, 29 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 29

76% more call options, than puts

Call options by funds: $3.33M | Put options by funds: $1.9M

18% more capital invested

Capital invested by funds: $296M → $351M (+$54.8M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.49% less ownership

Funds ownership: 53.48% → 50.99% (-2.5%)

9% less funds holding

Funds holding: 133 → 121 (-12)

40% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 30

Holders
121
Holders Change
-12
Holders Change %
-9.02%
% of All Funds
2.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
18
Increased
55
Reduced
29
Closed
30
Calls
$3.33M
Puts
$1.9M
Net Calls
+$1.44M
Net Calls Change
-$315K

Top Buyers

Rank Fund Capital Flow
1
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$12M
2
BlackRock
BlackRock
New York
+$9.24M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$5.39M
4
LCM
LDR Capital Management
New York
+$4.18M
5
Two Sigma Investments
Two Sigma Investments
New York
+$4.07M

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$7.88M
2
Marshall Wace
Marshall Wace
United Kingdom
-$3.82M
3
LCM
Laurion Capital Management
New York
-$2.72M
4
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$2.58M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$2.73M -$1.05M -69,798 -27%
RVPG
27
Relative Value Partners Group
$2.69M -$1.76M -117,647 -40%
AAM
28
Advisors Asset Management
Colorado
$2.4M +$70.8K +4,725 +3%
MPAM
29
Monarch Partners Asset Management
Massachusetts
$2.35M +$391K +26,115 +20%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$2.32M +$27.8K +1,853 +1%
MIM
31
Monashee Investment Management
Massachusetts
$2.06M +$2.1M +140,000 New
Principal Financial Group
32
Principal Financial Group
Iowa
$1.93M +$1.97M +131,206 New
Connor, Clark & Lunn Investment Management (CC&L)
33
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.75M +$1.42M +94,669 +383%
JIC
34
Joel Isaacson & Co
New York
$1.7M +$11.5K +766 +0.7%
Russell Investments Group
35
Russell Investments Group
United Kingdom
$1.7M +$1.3M +87,002 +301%
BA
36
Bard Associates
Illinois
$1.68M +$525 +35 +0%
Swiss National Bank
37
Swiss National Bank
Switzerland
$1.45M +$54K +3,600 +4%
Charles Schwab
38
Charles Schwab
California
$1.42M +$240K +16,025 +20%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$1.38M +$126K +8,428 +10%
Goldman Sachs
40
Goldman Sachs
New York
$1.34M -$426K -28,421 -24%
Bank of America
41
Bank of America
North Carolina
$1.11M -$491K -32,729 -30%
LCM
42
Laurion Capital Management
New York
$1.08M -$2.72M -181,529 -71%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$1.02M +$31.2K +2,080 +3%
SFI
44
Susquehanna Fundamental Investments
Pennsylvania
$989K – – –
UBS Group
45
UBS Group
Switzerland
$936K +$11.2K +746 +1%
WT
46
Whittier Trust
California
$928K +$328K +21,855 +53%
Citigroup
47
Citigroup
New York
$890K +$808K +53,913 +808%
PPA
48
Parametric Portfolio Associates
Washington
$846K +$58.2K +3,882 +7%
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$763K +$83.9K +5,599 +12%
T. Rowe Price Associates
50
T. Rowe Price Associates
Maryland
$756K +$53.9K +3,594 +8%
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ACRE Hedge Fund Activity: Q2 2021 in Review

121 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2021, worth a combined $351M — up 18% from $296M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of ACRE and 18 opened new positions — a net loss of 12 holders — while 29 trimmed existing stakes and 55 added.

The largest buyer was 1832 Asset Management, adding an estimated $12M. The largest seller was EJF Capital, exiting entirely with an estimated $7.88M sold.

  • 121 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2021, down from 133 in Q1 2021.
  • Funds reported $351M of Ares Commercial Real Estate stock for Q2 2021, up 18% quarter-over-quarter.
  • 18 funds opened new Ares Commercial Real Estate positions in Q2 2021 and 30 closed out, a net change of -12 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2021 was 1832 Asset Management, an estimated $12M added.
  • The largest Ares Commercial Real Estate seller in Q2 2021 was EJF Capital, an estimated $7.88M sold.

Based on aggregated 13F filings for Q2 2021.