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ACRE

Ares Commercial Real Estate

110 hedge funds and large institutions have $178M invested in Ares Commercial Real Estate in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 41 increasing their positions, 37 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

112% more call options, than puts

Call options by funds: $840K | Put options by funds: $396K

25% more capital invested

Capital invested by funds: $143M → $178M (+$35.6M)

11% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2.69% less ownership

Funds ownership: 61.09%58.41% (-2.7%)

15% less funds holding

Funds holding: 129110 (-19)

56% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 34

Holders
110
Holders Change
-19
Holders Change %
-14.73%
% of All Funds
2.26%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
41
Reduced
37
Closed
34
Calls
$840K
Puts
$396K
Net Calls
+$444K
Net Calls Change
+$372K
Name Holding Trade Value Shares
Change
Change in
Stake
PPA
51
Parametric Portfolio Associates
Washington
$437K -$1.03M -132,031 -73%
California State Teachers Retirement System (CalSTRS)
52
California State Teachers Retirement System (CalSTRS)
California
$433K
VRS
53
Virginia Retirement Systems
Virginia
$422K +$5.46K +700 +2%
Allianz Asset Management
54
Allianz Asset Management
Germany
$420K -$406K -52,035 -53%
Renaissance Technologies
55
Renaissance Technologies
New York
$379K +$324K +41,600 New
Russell Investments Group
56
Russell Investments Group
United Kingdom
$370K -$553K -70,901 -63%
Deutsche Bank
57
Deutsche Bank
Germany
$357K +$10.9K +1,395 +4%
Prudential Financial
58
Prudential Financial
New Jersey
$356K +$174K +22,344 +134%
RJA
59
Raymond James & Associates
Florida
$346K +$45.3K +5,818 +18%
CHAM
60
Clear Harbor Asset Management
Connecticut
$338K -$44.5K -5,705 -13%
CSS
61
Cubist Systematic Strategies
Connecticut
$332K +$30.9K +3,961 +12%
Nisa Investment Advisors
62
Nisa Investment Advisors
Missouri
$327K +$138K +17,763 +98%
EMFAT
63
Emerald Mutual Fund Advisers Trust
Pennsylvania
$323K +$276K +35,460 New
AWA
64
Arkadios Wealth Advisors
Georgia
$293K +$8.91K +1,143 +3%
OAM
65
Orinda Asset Management
California
$274K +$234K +30,000 New
T. Rowe Price Associates
66
T. Rowe Price Associates
Maryland
$241K +$3.34K +428 +2%
WAM
67
Wolverine Asset Management
Illinois
$237K -$6.43M -824,392 -97%
State Board of Administration of Florida Retirement System
68
State Board of Administration of Florida Retirement System
Florida
$223K
GCP
69
GSA Capital Partners
United Kingdom
$216K +$185K +23,723 New
DTL
70
Dynamic Technology Lab
Singapore
$215K +$184K +23,561 New
Osaic Holdings
71
Osaic Holdings
Arizona
$213K -$1.54K -198 -0.8%
AWA
72
Arete Wealth Advisors
Illinois
$210K
ECM
73
ExodusPoint Capital Management
New York
$207K +$177K +22,726 New
New York State Common Retirement Fund
74
New York State Common Retirement Fund
New York
$198K
UBS AM
75
UBS AM
Illinois
$198K -$80.8K -10,363 -32%

ACRE Hedge Fund Activity: Q2 2020 in Review

110 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2020, worth a combined $178M — up 25% from $143M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of ACRE and 15 opened new positions — a net loss of 19 holders — while 37 trimmed existing stakes and 41 added.

The largest buyer was Steamboat Capital Partners, adding an estimated $5.14M. The largest seller was Acadian Asset Management, cutting an estimated $6.69M.

  • 110 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2020, down from 129 in Q1 2020.
  • Funds reported $178M of Ares Commercial Real Estate stock for Q2 2020, up 25% quarter-over-quarter.
  • 15 funds opened new Ares Commercial Real Estate positions in Q2 2020 and 34 closed out, a net change of -19 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2020 was Steamboat Capital Partners, an estimated $5.14M added.
  • The largest Ares Commercial Real Estate seller in Q2 2020 was Acadian Asset Management, an estimated $6.69M sold.

Based on aggregated 13F filings for Q2 2020.