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ACRE

Ares Commercial Real Estate

112 hedge funds and large institutions have $168M invested in Ares Commercial Real Estate in 2020 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 43 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

352% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $345K

13% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 16

2% more funds holding

Funds holding: 110112 (+2)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2.67% less ownership

Funds ownership: 58.41%55.73% (-2.7%)

6% less capital invested

Capital invested by funds: $178M → $168M (-$10.3M)

47% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 43

Holders
112
Holders Change
+2
Holders Change %
+1.82%
% 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
18
Increased
23
Reduced
43
Closed
16
Calls
$1.56M
Puts
$345K
Net Calls
+$1.22M
Net Calls Change
+$772K
Name Holding Trade Value Shares
Change
Change in
Stake
Victory Capital Management
51
Victory Capital Management
Texas
$422K -$260K -27,706 -37%
RhumbLine Advisers
52
RhumbLine Advisers
Massachusetts
$415K -$61.3K -6,542 -13%
Nisa Investment Advisors
53
Nisa Investment Advisors
Missouri
$368K +$40.8K +4,351 +12%
Russell Investments Group
54
Russell Investments Group
United Kingdom
$362K -$9.52K -1,016 -2%
TRCT
55
Tower Research Capital (TRC)
New York
$355K +$279K +29,747 +330%
AWA
56
Arkadios Wealth Advisors
Georgia
$334K +$3.5K +373 +1%
CHAM
57
Clear Harbor Asset Management
Connecticut
$328K -$10.7K -1,140 -3%
RJA
58
Raymond James & Associates
Florida
$326K -$20.4K -2,179 -6%
EMFAT
59
Emerald Mutual Fund Advisers Trust
Pennsylvania
$324K
State of Wisconsin Investment Board
60
State of Wisconsin Investment Board
Wisconsin
$324K +$333K +35,500 New
Los Angeles Capital Management
61
Los Angeles Capital Management
California
$317K -$501K -53,488 -61%
AIM
62
Aigen Investment Management
New York
$289K -$452K -48,220 -60%
PAM
63
Panagora Asset Management
Massachusetts
$270K -$575K -61,350 -68%
T. Rowe Price Associates
64
T. Rowe Price Associates
Maryland
$242K
State Board of Administration of Florida Retirement System
65
State Board of Administration of Florida Retirement System
Florida
$223K
Tudor Investment Corp
66
Tudor Investment Corp
Connecticut
$223K +$229K +24,414 New
AWA
67
Arete Wealth Advisors
Illinois
$218K
UBS AM
68
UBS AM
Illinois
$207K +$9.37K +1,000 +5%
New York State Common Retirement Fund
69
New York State Common Retirement Fund
New York
$198K
MIM
70
MetLife Investment Management
New Jersey
$196K
PP
71
Paloma Partners
Connecticut
$195K +$200K +21,311 New
Manulife (Manufacturers Life Insurance)
72
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$181K
Osaic Holdings
73
Osaic Holdings
Arizona
$180K -$34.7K -3,703 -16%
Cerity Partners
74
Cerity Partners
New York
$179K +$43.3K +4,620 +31%
WCM
75
Weld Capital Management
New York
$173K +$177K +18,897 New

ACRE Hedge Fund Activity: Q3 2020 in Review

112 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2020, worth a combined $168M — down 5.8% from $178M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ACRE positions and 16 closed out — a net gain of 2 holders — while 23 added to existing stakes and 43 trimmed.

The largest buyer was Smith Graham & Co Investment Advisors, opening a new position worth an estimated $7.36M. The largest seller was Callodine Capital Management, exiting entirely with an estimated $4.56M sold.

  • 112 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2020, up from 110 in Q2 2020.
  • Funds reported $168M of Ares Commercial Real Estate stock for Q3 2020, down 5.8% quarter-over-quarter.
  • 18 funds opened new Ares Commercial Real Estate positions in Q3 2020 and 16 closed out, a net change of +2 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2020 was Smith Graham & Co Investment Advisors, an estimated $7.36M added.
  • The largest Ares Commercial Real Estate seller in Q3 2020 was Callodine Capital Management, an estimated $4.56M sold.

Based on aggregated 13F filings for Q3 2020.