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ACRE

Ares Commercial Real Estate

88 hedge funds and large institutions have $221M invested in Ares Commercial Real Estate in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 35 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 10

59% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 22

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

25% more capital invested

Capital invested by funds: $176M → $221M (+$44.7M)

14% more funds holding

Funds holding: 7788 (+11)

8.13% more ownership

Funds ownership: 51.22%59.35% (+8.1%)

81% less call options, than puts

Call options by funds: $775K | Put options by funds: $4.13M

Holders
88
Holders Change
+11
Holders Change %
+14.29%
% of All Funds
2.55%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
22
Increased
35
Reduced
22
Closed
10
Calls
$775K
Puts
$4.13M
Net Calls
-$3.35M
Net Calls Change
-$982K
Name Holding Trade Value Shares
Change
Change in
Stake
Millennium Management
51
Millennium Management
New York
$558K -$909K -70,713 -62%
California State Teachers Retirement System (CalSTRS)
52
California State Teachers Retirement System (CalSTRS)
California
$507K +$5.14K +400 +1%
CP
53
Camelot Portfolios
Ohio
$447K +$286K +22,203 +186%
TA
54
Teachers Advisors
New York
$417K +$40.6K +3,160 +11%
SKK
55
Shepherd Kaplan Krochuk
Massachusetts
$403K -$60.2K -4,683 -13%
Charles Schwab
56
Charles Schwab
California
$400K
PPA
57
Parametric Portfolio Associates
Washington
$396K +$150K +11,655 +63%
Citadel Advisors
58
Citadel Advisors
Florida
$376K +$369K +28,666 New
State Board of Administration of Florida Retirement System
59
State Board of Administration of Florida Retirement System
Florida
$311K
JG
60
Jefferies Group
New York
$296K +$84.4K +6,563 +41%
Tudor Investment Corp
61
Tudor Investment Corp
Connecticut
$267K +$262K +20,408 New
Royal Bank of Canada
62
Royal Bank of Canada
Ontario, Canada
$263K -$116K -9,030 -31%
CIM
63
Confluence Investment Management
Missouri
$262K
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$252K -$19.3K -1,500 -7%
T. Rowe Price Associates
65
T. Rowe Price Associates
Maryland
$250K +$246K +19,100 New
VKH
66
Virtu KCG Holdings
New York
$249K +$244K +19,005 New
LPC
67
Loeb Partners Corp
New York
$239K
MLICM
68
Metropolitan Life Insurance Company (MetLife)
New York
$237K
SCA
69
Secor Capital Advisors
New York
$233K +$229K +17,817 New
IA
70
IndexIQ Advisors
New York
$226K +$24.5K +1,906 +12%
NFA
71
Nationwide Fund Advisors
Ohio
$221K -$3.63K -282 -2%
AIG
72
American International Group
New York
$186K +$121K +9,432 +198%
FMT
73
First Mercantile Trust
Tennessee
$169K +$166K +12,900 New
TC
74
TFS Capital
Pennsylvania
$167K -$170K -13,252 -51%
Verition Fund Management
75
Verition Fund Management
Connecticut
$160K +$157K +12,201 New

ACRE Hedge Fund Activity: Q4 2013 in Review

88 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2013, worth a combined $221M — up 25% from $176M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new ACRE positions and 10 closed out — a net gain of 12 holders — while 35 added to existing stakes and 22 trimmed.

The largest buyer was Frontier Capital Management, opening a new position worth an estimated $8.91M. The largest seller was State of New Jersey Common Pension Fund E, exiting entirely with an estimated $7.77M sold.

  • 88 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2013, up from 77 in Q3 2013.
  • Funds reported $221M of Ares Commercial Real Estate stock for Q4 2013, up 25% quarter-over-quarter.
  • 22 funds opened new Ares Commercial Real Estate positions in Q4 2013 and 10 closed out, a net change of +12 holders.
  • The largest Ares Commercial Real Estate buyer in Q4 2013 was Frontier Capital Management, an estimated $8.91M added.
  • The largest Ares Commercial Real Estate seller in Q4 2013 was State of New Jersey Common Pension Fund E, an estimated $7.77M sold.

Based on aggregated 13F filings for Q4 2013.