Ares Commercial Real Estate
ACRE
79 hedge funds and large institutions have $209M invested in Ares Commercial Real Estate in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 37 increasing their positions, 18 reducing their positions, and 13 closing their positions.
106% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 18
0.8% less ownership
Funds ownership: 64.43% → 63.63% (-0.8%)
3% less capital invested
Capital invested by funds: $215M → $209M (-$6.4M)
6% less funds holding
Funds holding: 84 → 79 (-5)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $15K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$2.22M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$2.09M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.77M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.26M |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$6.25M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$4.9M |
| 3 |
SCM
Silver Capital Management
New York
|
-$2.75M |
| 4 |
EWM
Edge Wealth Management
New York
|
-$1.56M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$1.17M |
ACRE Hedge Fund Activity: Q4 2014 in Review
79 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2014, worth a combined $209M — down 3% from $215M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of ACRE and 10 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 37 added.
The largest buyer was AllianceBernstein, adding an estimated $2.22M. The largest seller was Neuberger Berman Group, cutting an estimated $6.25M.
- 79 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2014, down from 84 in Q3 2014.
- Funds reported $209M of Ares Commercial Real Estate stock for Q4 2014, down 3% quarter-over-quarter.
- 10 funds opened new Ares Commercial Real Estate positions in Q4 2014 and 13 closed out, a net change of -3 holders.
- The largest Ares Commercial Real Estate buyer in Q4 2014 was AllianceBernstein, an estimated $2.22M added.
- The largest Ares Commercial Real Estate seller in Q4 2014 was Neuberger Berman Group, an estimated $6.25M sold.
Based on aggregated 13F filings for Q4 2014.