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ACRE

Ares Commercial Real Estate
ACRE

110 hedge funds and large institutions have $243M invested in Ares Commercial Real Estate in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 39 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.31% more ownership

Funds ownership: 65% → 65.3% (+0.31%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $248M → $243M (-$4.14M)

8% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 39

2% less funds holding

Funds holding: 112 → 110 (-2)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
110
Holders Change
-2
Holders Change %
-1.79%
% of All Funds
2.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
36
Reduced
39
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAMU
AEGON Asset Management (UK)
United Kingdom
+$3.51M
2
YMRC
Yorktown Management & Research Company
Virginia
+$3.08M
3
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.84M
4
BlackRock
BlackRock
New York
+$1.53M
5
Millennium Management
Millennium Management
New York
+$1.33M

Top Sellers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$4.8M
2
MAM
Martingale Asset Management
Massachusetts
-$2M
3
Morgan Stanley
Morgan Stanley
New York
-$1M
4
Renaissance Technologies
Renaissance Technologies
New York
-$914K
5
SCA
Secor Capital Advisors
New York
-$885K
Name Holding Trade Value Shares
Change 		Change in
Stake
MERSOM
51
Municipal Employees' Retirement System of Michigan
Michigan
$665K +$175K +13,020 +34%
California State Teachers Retirement System (CalSTRS)
52
California State Teachers Retirement System (CalSTRS)
California
$621K -$73.7K -5,500 -10%
Prudential Financial
53
Prudential Financial
New Jersey
$612K -$150K -11,200 -19%
Royal Bank of Canada
54
Royal Bank of Canada
Ontario, Canada
$609K +$19K +1,417 +3%
UBS Group
55
UBS Group
Switzerland
$565K +$203K +15,111 +54%
Deutsche Bank
56
Deutsche Bank
Germany
$553K +$128K +9,561 +29%
Charles Schwab
57
Charles Schwab
California
$549K – – –
Two Sigma Investments
58
Two Sigma Investments
New York
$490K -$224K -16,743 -31%
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
$461K -$128K -9,567 -21%
HighTower Advisors
60
HighTower Advisors
Illinois
$448K +$459K +34,252 New
Mackenzie Financial
61
Mackenzie Financial
Ontario, Canada
$416K +$109K +8,106 +34%
MWNA
62
Marshall Wace North America
New York
$401K +$413K +30,828 New
AWA
63
Arete Wealth Advisors
Illinois
$397K +$407K +30,334 New
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$390K -$27.7K -2,070 -6%
PCM
65
Prelude Capital Management
New York
$390K +$400K +29,817 New
AM
66
Ares Management
California
$384K +$13.5K +1,008 +4%
T. Rowe Price Associates
67
T. Rowe Price Associates
Maryland
$344K +$9.38K +700 +3%
Bessemer Group
68
Bessemer Group
New Jersey
$343K -$503K -37,500 -59%
Manulife (Manufacturers Life Insurance)
69
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$333K +$33.4K +2,491 +11%
New York State Common Retirement Fund
70
New York State Common Retirement Fund
New York
$323K -$13 -1 -0%
State Board of Administration of Florida Retirement System
71
State Board of Administration of Florida Retirement System
Florida
$311K – – –
First Trust Advisors
72
First Trust Advisors
Illinois
$298K -$9.54K -712 -3%
AG
73
Aperio Group
California
$298K +$28.2K +2,101 +10%
NPC
74
National Planning Corporation
California
$268K – – –
BFM
75
Boothbay Fund Management
New York
$259K +$265K +19,804 New
1 2
3
4 5

ACRE Hedge Fund Activity: Q2 2017 in Review

110 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2017, worth a combined $243M — down 1.7% from $248M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of ACRE and 13 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 36 added.

The largest buyer was AEGON Asset Management (UK), opening a new position worth an estimated $3.51M. The largest seller was Acadian Asset Management, cutting an estimated $4.8M.

  • 110 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2017, down from 112 in Q1 2017.
  • Funds reported $243M of Ares Commercial Real Estate stock for Q2 2017, down 1.7% quarter-over-quarter.
  • 13 funds opened new Ares Commercial Real Estate positions in Q2 2017 and 15 closed out, a net change of -2 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2017 was AEGON Asset Management (UK), an estimated $3.51M added.
  • The largest Ares Commercial Real Estate seller in Q2 2017 was Acadian Asset Management, an estimated $4.8M sold.

Based on aggregated 13F filings for Q2 2017.