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ACRE

Ares Commercial Real Estate
ACRE

100 hedge funds and large institutions have $225M invested in Ares Commercial Real Estate in 2015 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 38 increasing their positions, 21 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 21

28% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 18

12% more capital invested

Capital invested by funds: $200M → $225M (+$24.3M)

5% more funds holding

Funds holding: 95 → 100 (+5)

3.38% more ownership

Funds ownership: 62.19% → 65.57% (+3.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
100
Holders Change
+5
Holders Change %
+5.26%
% of All Funds
2.79%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
23
Increased
38
Reduced
21
Closed
18
Calls
$46K
Puts
–
Net Calls
+$46K
Net Calls Change
+$46K

Top Buyers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$12.3M
2
RIM
RS Investment Management
California
+$7.01M
3
Renaissance Technologies
Renaissance Technologies
New York
+$4.19M
4
IG
ING Group
Netherlands
+$3.45M
5
Morgan Stanley
Morgan Stanley
New York
+$2.31M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$6.18M
2
CHAM
Clear Harbor Asset Management
Connecticut
-$5.94M
3
MCP
Moab Capital Partners
New York
-$5.82M
4
PAIM
Punch & Associates Investment Management
Minnesota
-$3.12M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$2.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
BA
76
BlackRock Advisors
Delaware
$168K -$5.5K -448 -3%
Nisa Investment Advisors
77
Nisa Investment Advisors
Missouri
$167K +$30.7K +2,500 +22%
JP Morgan Chase
78
JP Morgan Chase
New York
$159K +$164K +13,313 New
LP
79
LMR Partners
United Kingdom
$127K +$130K +10,590 New
PP
80
PDT Partners
New York
$120K +$123K +10,044 New
SO
81
STRS Ohio
Ohio
$113K – – –
Citigroup
82
Citigroup
New York
$91K +$18.1K +1,475 +24%
BNP Paribas Financial Markets
83
BNP Paribas Financial Markets
France
$67.2K +$41.1K +3,349 +148%
Legal & General Group
84
Legal & General Group
United Kingdom
$62K – – –
PNC Financial Services Group
85
PNC Financial Services Group
Pennsylvania
$50K +$2K +163 +4%
CGT
86
Capital Guardian Trust
California
$48K +$49.1K +4,000 New
TDC
87
Thompson Davis & Co
Virginia
$48K +$49.1K +4,000 New
BlackRock
88
BlackRock
New York
$27K +$16K +1,300 +144%
UBS Group
89
UBS Group
Switzerland
$24K +$16.5K +1,342 +209%
PFBT
90
Parkside Financial Bank & Trust
Missouri
$22K +$22.4K +1,827 New
US Bancorp
91
US Bancorp
Minnesota
$9K – – –
Barclays
92
Barclays
United Kingdom
$6K -$4.68K -381 -44%
SEI Investments
93
SEI Investments
Pennsylvania
$6K +$5.93K +483 New
EWM
94
Endurance Wealth Management
Rhode Island
$5K – – –
HR
95
Howe & Rusling
New York
$5K – – –
IWMPD
96
Integrated Wealth Management (Palm Desert)
California
$5K – – –
EFSCE
97
Enterprise Financial Services Corp (EFSC)
Missouri
$2K – – –
WRM
98
Westport Resources Management
Connecticut
$2K – – –
CAM
99
ClariVest Asset Management
California
$1K +$590 +48 New
Manulife (Manufacturers Life Insurance)
100
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$255 – – –
1 2 3
4
5

ACRE Hedge Fund Activity: Q3 2015 in Review

100 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2015, worth a combined $225M — up 12% from $200M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new ACRE positions and 18 closed out — a net gain of 5 holders — while 38 added to existing stakes and 21 trimmed.

The largest buyer was Acadian Asset Management, adding an estimated $12.3M. The largest seller was Millennium Management, cutting an estimated $6.18M.

  • 100 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2015, up from 95 in Q2 2015.
  • Funds reported $225M of Ares Commercial Real Estate stock for Q3 2015, up 12% quarter-over-quarter.
  • 23 funds opened new Ares Commercial Real Estate positions in Q3 2015 and 18 closed out, a net change of +5 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2015 was Acadian Asset Management, an estimated $12.3M added.
  • The largest Ares Commercial Real Estate seller in Q3 2015 was Millennium Management, an estimated $6.18M sold.

Based on aggregated 13F filings for Q3 2015.