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ACRE

Ares Commercial Real Estate
ACRE

125 hedge funds and large institutions have $231M invested in Ares Commercial Real Estate in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 34 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

596% more call options, than puts

Call options by funds: $174K | Put options by funds: $25K

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

38% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 34

10% more funds holding

Funds holding: 114 → 125 (+11)

0% less capital invested

Capital invested by funds: $231M → $231M (-$216K)

1.22% less ownership

Funds ownership: 66% → 64.77% (-1.2%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
125
Holders Change
+11
Holders Change %
+9.65%
% of All Funds
3.34%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
17
Increased
47
Reduced
34
Closed
5
Calls
$174K
Puts
$25K
Net Calls
+$149K
Net Calls Change
-$533K

Top Buyers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
+$4.53M
2
Bank of America
Bank of America
North Carolina
+$2.1M
3
Boston Partners
Boston Partners
Massachusetts
+$1.81M
4
Millennium Management
Millennium Management
New York
+$1.8M
5
N
Nuveen
North Carolina
+$1.71M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$1.05M
2
State Street
State Street
Massachusetts
-$837K
3
Renaissance Technologies
Renaissance Technologies
New York
-$684K
4
BCM
Buckhead Capital Management
Georgia
-$676K
5
Prudential Financial
Prudential Financial
New Jersey
-$662K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
51
Sterling Capital Management
North Carolina
$754K -$1.26K -100 -0.2%
California State Teachers Retirement System (CalSTRS)
52
California State Teachers Retirement System (CalSTRS)
California
$715K +$3.78K +300 +0.5%
D.E. Shaw & Co
53
D.E. Shaw & Co
New York
$711K +$466K +37,012 +191%
PNC Financial Services Group
54
PNC Financial Services Group
Pennsylvania
$698K +$44K +3,493 +7%
TA
55
Teachers Advisors
New York
$677K – – –
GC
56
Gratia Capital
California
$632K +$384K +30,503 +155%
Arrowstreet Capital
57
Arrowstreet Capital
Massachusetts
$632K +$632K +50,144 New
Los Angeles Capital Management
58
Los Angeles Capital Management
California
$588K -$11.3K -900 -2%
Bessemer Group
59
Bessemer Group
New Jersey
$533K +$533K +42,300 New
Charles Schwab
60
Charles Schwab
California
$528K – – –
HIM
61
Hillsdale Investment Management
Ontario, Canada
$508K +$508K +40,300 New
MERSOM
62
Municipal Employees' Retirement System of Michigan
Michigan
$476K – – –
Royal Bank of Canada
63
Royal Bank of Canada
Ontario, Canada
$474K +$3.33K +264 +0.7%
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$461K +$4.54K +360 +1%
CS
65
Credit Suisse
Switzerland
$446K +$4.3K +341 +1%
CCMH
66
Cornerstone Capital Management Holdings
New York
$439K +$118K +9,400 +37%
AI
67
Analytic Investors
California
$386K – – –
California Public Employees Retirement System
68
California Public Employees Retirement System
California
$370K +$40.3K +3,200 +12%
Citigroup
69
Citigroup
New York
$348K +$72.6K +5,764 +26%
IA
70
IndexIQ Advisors
New York
$325K +$63.7K +5,054 +24%
Balyasny Asset Management
71
Balyasny Asset Management
Illinois
$324K -$193K -15,341 -37%
T. Rowe Price Associates
72
T. Rowe Price Associates
Maryland
$322K -$88.2K -7,000 -21%
New York State Common Retirement Fund
73
New York State Common Retirement Fund
New York
$311K – – –
BA
74
BlackRock Advisors
Delaware
$299K +$140K +11,140 +88%
BlackRock
75
BlackRock
New York
$298K +$39.2K +3,109 +15%
1 2
3
4 5

ACRE Hedge Fund Activity: Q3 2016 in Review

125 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2016, worth a combined $231M — down 0.09% from $231M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new ACRE positions and 5 closed out — a net gain of 12 holders — while 47 added to existing stakes and 34 trimmed.

The largest buyer was BlackRock Institutional Trust, adding an estimated $4.53M. The largest seller was AllianceBernstein, cutting an estimated $1.05M.

  • 125 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2016, up from 114 in Q2 2016.
  • Funds reported $231M of Ares Commercial Real Estate stock for Q3 2016, down 0.09% quarter-over-quarter.
  • 17 funds opened new Ares Commercial Real Estate positions in Q3 2016 and 5 closed out, a net change of +12 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2016 was BlackRock Institutional Trust, an estimated $4.53M added.
  • The largest Ares Commercial Real Estate seller in Q3 2016 was AllianceBernstein, an estimated $1.05M sold.

Based on aggregated 13F filings for Q3 2016.