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ACRE

Ares Commercial Real Estate

131 hedge funds and large institutions have $271M invested in Ares Commercial Real Estate in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 47 increasing their positions, 45 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

4% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 45

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 134131 (-3)

4.55% less ownership

Funds ownership: 67.62%63.08% (-4.5%)

8% less capital invested

Capital invested by funds: $296M → $271M (-$24.8M)

Holders
131
Holders Change
-3
Holders Change %
-2.24%
% of All Funds
2.85%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
18
Increased
47
Reduced
45
Closed
19
Calls
$444K
Puts
Net Calls
+$444K
Net Calls Change
-$114K
Name Holding Trade Value Shares
Change
Change in
Stake
Russell Investments Group
51
Russell Investments Group
United Kingdom
$939K +$174K +11,510 +22%
Mackenzie Financial
52
Mackenzie Financial
Ontario, Canada
$901K
CEP
53
Chicago Equity Partners
Illinois
$878K +$572K +37,851 +178%
SCM
54
Sterling Capital Management
North Carolina
$806K
CS
55
Credit Suisse
Switzerland
$792K +$354K +23,442 +78%
JIR
56
James Investment Research
Ohio
$748K +$130K +8,625 +21%
CHAM
57
Clear Harbor Asset Management
Connecticut
$745K -$119K -7,850 -14%
SGI
58
Summit Global Investments
Utah
$730K -$40.8K -2,700 -5%
First Trust Advisors
59
First Trust Advisors
Illinois
$715K -$2.04K -135 -0.3%
Swiss National Bank
60
Swiss National Bank
Switzerland
$715K +$727K +48,100 New
NA
61
Navellier & Associates
Nevada
$704K +$715K +47,357 New
Squarepoint
62
Squarepoint
New York
$692K +$358K +23,728 +104%
SFM
63
Systematic Financial Management
New Jersey
$652K -$557K -36,855 -46%
SG Americas Securities
64
SG Americas Securities
New York
$644K -$143K -9,461 -18%
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$618K +$7.98K +528 +1%
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$568K +$15.3K +1,010 +3%
MAM
67
Meeder Asset Management
Ohio
$540K +$27.1K +1,791 +5%
CCIA
68
Campbell & Co Investment Adviser
Maryland
$531K +$82.9K +5,488 +18%
AG
69
Aperio Group
California
$489K -$26.2K -1,732 -5%
RJA
70
Raymond James & Associates
Florida
$470K -$6.66K -441 -1%
VOYA Investment Management
71
VOYA Investment Management
Georgia
$457K +$18.4K +1,219 +4%
QI
72
QS Investors
New York
$443K
California Public Employees Retirement System
73
California Public Employees Retirement System
California
$429K +$27.2K +1,800 +7%
New York State Common Retirement Fund
74
New York State Common Retirement Fund
New York
$419K
MERSOM
75
Municipal Employees' Retirement System of Michigan
Michigan
$411K -$353K -23,390 -46%

ACRE Hedge Fund Activity: Q2 2019 in Review

131 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2019, worth a combined $271M — down 8.4% from $296M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of ACRE and 18 opened new positions — a net loss of 1 holder — while 45 trimmed existing stakes and 47 added.

The largest buyer was Nuveen, opening a new position worth an estimated $6.3M. The largest seller was Nomura Holdings, exiting entirely with an estimated $6.03M sold.

  • 131 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2019, down from 134 in Q1 2019.
  • Funds reported $271M of Ares Commercial Real Estate stock for Q2 2019, down 8.4% quarter-over-quarter.
  • 18 funds opened new Ares Commercial Real Estate positions in Q2 2019 and 19 closed out, a net change of -1 holder.
  • The largest Ares Commercial Real Estate buyer in Q2 2019 was Nuveen, an estimated $6.3M added.
  • The largest Ares Commercial Real Estate seller in Q2 2019 was Nomura Holdings, an estimated $6.03M sold.

Based on aggregated 13F filings for Q2 2019.