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ACRE

Ares Commercial Real Estate
ACRE

84 hedge funds and large institutions have $196M invested in Ares Commercial Real Estate in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

71% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 21

6% more funds holding

Funds holding: 79 → 84 (+5)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.55% less ownership

Funds ownership: 63.63% → 62.08% (-1.6%)

6% less capital invested

Capital invested by funds: $209M → $196M (-$12.9M)

Holders
84
Holders Change
+5
Holders Change %
+6.33%
% of All Funds
2.24%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
36
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$2.39M
2
N
Nuveen
North Carolina
+$1.89M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.86M
4
CHAM
Clear Harbor Asset Management
Connecticut
+$1.72M
5
Bank of America
Bank of America
North Carolina
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
-$8.28M
2
FCM
Frontier Capital Management
Massachusetts
-$8.07M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$2.5M
4
Millennium Management
Millennium Management
New York
-$1.91M
5
PAIM
Punch & Associates Investment Management
Minnesota
-$684K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
51
Citadel Advisors
Florida
$354K -$246K -20,782 -39%
IA
52
IndexIQ Advisors
New York
$330K +$44.8K +3,788 +15%
State Board of Administration of Florida Retirement System
53
State Board of Administration of Florida Retirement System
Florida
$262K – – –
DC
54
Deere & Company
Illinois
$248K – – –
NFA
55
Nationwide Fund Advisors
Ohio
$231K -$14.5K -1,227 -6%
Tudor Investment Corp
56
Tudor Investment Corp
Connecticut
$229K +$14.7K +1,240 +6%
GC
57
Guggenheim Capital
Illinois
$225K -$7.17K -606 -3%
Goldman Sachs
58
Goldman Sachs
New York
$217K +$233K +19,675 New
MLICM
59
Metropolitan Life Insurance Company (MetLife)
New York
$200K – – –
AIG
60
American International Group
New York
$199K – – –
Two Sigma Investments
61
Two Sigma Investments
New York
$182K -$518K -43,749 -73%
T. Rowe Price Associates
62
T. Rowe Price Associates
Maryland
$182K -$47.3K -4,000 -20%
GCP
63
GSA Capital Partners
United Kingdom
$175K +$187K +15,800 New
BA
64
BlackRock Advisors
Delaware
$167K +$44.9K +3,790 +33%
Nisa Investment Advisors
65
Nisa Investment Advisors
Missouri
$147K +$158K +13,314 New
AAM
66
Advisors Asset Management
Colorado
$147K +$158K +13,342 New
AWCI
67
Alpine Woods Capital Investors
New York
$144K +$154K +13,000 New
PCM
68
Prelude Capital Management
New York
$119K – – –
YMRC
69
Yorktown Management & Research Company
Virginia
$111K +$118K +10,000 New
CIM
70
Confluence Investment Management
Missouri
$110K -$118K -10,000 -50%
SO
71
STRS Ohio
Ohio
$104K -$3.55K -300 -3%
Legal & General Group
72
Legal & General Group
United Kingdom
$59K – – –
Citigroup
73
Citigroup
New York
$58K -$32.3K -2,733 -34%
FMT
74
First Mercantile Trust
Tennessee
$39K -$144K -12,181 -78%
Barclays
75
Barclays
United Kingdom
$14K -$4.97K -420 -26%
1 2
3
4

ACRE Hedge Fund Activity: Q1 2015 in Review

84 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2015, worth a combined $196M — down 6.2% from $209M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new ACRE positions and 6 closed out — a net gain of 5 holders — while 36 added to existing stakes and 21 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $2.39M. The largest seller was BlackRock Institutional Trust, cutting an estimated $8.28M.

  • 84 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2015, up from 79 in Q4 2014.
  • Funds reported $196M of Ares Commercial Real Estate stock for Q1 2015, down 6.2% quarter-over-quarter.
  • 11 funds opened new Ares Commercial Real Estate positions in Q1 2015 and 6 closed out, a net change of +5 holders.
  • The largest Ares Commercial Real Estate buyer in Q1 2015 was AllianceBernstein, an estimated $2.39M added.
  • The largest Ares Commercial Real Estate seller in Q1 2015 was BlackRock Institutional Trust, an estimated $8.28M sold.

Based on aggregated 13F filings for Q1 2015.