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ACRE

Ares Commercial Real Estate
ACRE

108 hedge funds and large institutions have $241M invested in Ares Commercial Real Estate in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 33 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 33

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less capital invested

Capital invested by funds: $243M → $241M (-$2.92M)

2% less funds holding

Funds holding: 110 → 108 (-2)

2.09% less ownership

Funds ownership: 65.3% → 63.21% (-2.1%)

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $335K

Holders
108
Holders Change
-2
Holders Change %
-1.82%
% of All Funds
2.69%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
37
Reduced
33
Closed
13
Calls
–
Puts
$335K
Net Calls
-$335K
Net Calls Change
-$335K

Top Buyers

1
N
Nuveen
North Carolina
+$3.65M
2
Millennium Management
Millennium Management
New York
+$3.14M
3
KCM
Kennedy Capital Management
Missouri
+$1.7M
4
WAM
Wolverine Asset Management
Illinois
+$885K
5
DM
Delphi Management
Massachusetts
+$838K

Top Sellers

1
CCP
Clough Capital Partners
Massachusetts
-$4.57M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$3.44M
3
BlackRock
BlackRock
New York
-$2.5M
4
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.23M
5
Allianz Asset Management
Allianz Asset Management
Germany
-$1.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFA
51
Nuveen Fund Advisors
Illinois
$631K -$75.3K -5,744 -11%
California State Teachers Retirement System (CalSTRS)
52
California State Teachers Retirement System (CalSTRS)
California
$588K -$43.3K -3,300 -7%
Two Sigma Advisers
53
Two Sigma Advisers
New York
$571K -$560K -42,700 -50%
Charles Schwab
54
Charles Schwab
California
$558K – – –
Balyasny Asset Management
55
Balyasny Asset Management
Illinois
$552K +$543K +41,449 New
UBS Group
56
UBS Group
Switzerland
$550K -$24.3K -1,856 -4%
Deutsche Bank
57
Deutsche Bank
Germany
$484K -$78K -5,953 -14%
AWA
58
Arete Wealth Advisors
Illinois
$484K +$79.3K +6,050 +20%
HighTower Advisors
59
HighTower Advisors
Illinois
$457K – – –
PCM
60
Prelude Capital Management
New York
$435K +$38K +2,900 +10%
AM
61
Ares Management
California
$417K +$25.6K +1,955 +7%
RhumbLine Advisers
62
RhumbLine Advisers
Massachusetts
$399K +$2.67K +204 +0.7%
New York State Common Retirement Fund
63
New York State Common Retirement Fund
New York
$329K – – –
T. Rowe Price Associates
64
T. Rowe Price Associates
Maryland
$323K -$26.2K -2,000 -8%
State Board of Administration of Florida Retirement System
65
State Board of Administration of Florida Retirement System
Florida
$316K – – –
Manulife (Manufacturers Life Insurance)
66
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$315K -$22.7K -1,731 -7%
Two Sigma Investments
67
Two Sigma Investments
New York
$313K -$183K -13,927 -37%
AG
68
Aperio Group
California
$301K -$2.44K -186 -0.8%
First Trust Advisors
69
First Trust Advisors
Illinois
$300K -$2.71K -207 -0.9%
CCMLC
70
Cardinal Capital Management LLC (Connecticut)
Connecticut
$299K -$1.14M -86,614 -79%
NPC
71
National Planning Corporation
California
$272K +$3.93K +300 +1%
BFM
72
Boothbay Fund Management
New York
$264K – – –
CS
73
Credit Suisse
Switzerland
$260K +$256K +19,549 New
AIG
74
American International Group
New York
$239K +$17.6K +1,343 +8%
MLICM
75
Metropolitan Life Insurance Company (MetLife)
New York
$236K – – –
1 2
3
4 5

ACRE Hedge Fund Activity: Q3 2017 in Review

108 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2017, worth a combined $241M — down 1.2% from $243M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of ACRE and 11 opened new positions — a net loss of 2 holders — while 33 trimmed existing stakes and 37 added.

The largest buyer was Nuveen, adding an estimated $3.65M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $4.57M sold.

  • 108 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2017, down from 110 in Q2 2017.
  • Funds reported $241M of Ares Commercial Real Estate stock for Q3 2017, down 1.2% quarter-over-quarter.
  • 11 funds opened new Ares Commercial Real Estate positions in Q3 2017 and 13 closed out, a net change of -2 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2017 was Nuveen, an estimated $3.65M added.
  • The largest Ares Commercial Real Estate seller in Q3 2017 was Clough Capital Partners, an estimated $4.57M sold.

Based on aggregated 13F filings for Q3 2017.