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ACRE

Ares Commercial Real Estate
ACRE

124 hedge funds and large institutions have $256M invested in Ares Commercial Real Estate in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $231M → $256M (+$25.7M)

7% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 15

0.82% more ownership

Funds ownership: 64.77% → 65.6% (+0.82%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 125 → 124 (-1)

2% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 43

Holders
124
Holders Change
-1
Holders Change %
-0.8%
% of All Funds
3.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
42
Reduced
43
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Nomura Holdings
Nomura Holdings
Japan
+$5.14M
2
ACM
Advisors Capital Management
New Jersey
+$2.67M
3
CCP
Clough Capital Partners
Massachusetts
+$2.64M
4
BA
Bard Associates
Illinois
+$1.84M
5
BIT
BlackRock Institutional Trust
California
+$1.57M

Top Sellers

1
IG
ING Group
Netherlands
-$5.72M
2
Renaissance Technologies
Renaissance Technologies
New York
-$2.25M
3
Millennium Management
Millennium Management
New York
-$1.74M
4
Deutsche Bank
Deutsche Bank
Germany
-$1.66M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$1.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
76
Deutsche Bank
Germany
$312K -$1.66M -124,736 -85%
Balyasny Asset Management
77
Balyasny Asset Management
Illinois
$297K -$54.8K -4,119 -16%
AAM
78
Advisors Asset Management
Colorado
$294K -$15.9K -1,195 -5%
Principal Financial Group
79
Principal Financial Group
Iowa
$291K +$281K +21,173 New
BlackRock
80
BlackRock
New York
$282K -$42.2K -3,177 -13%
Manulife (Manufacturers Life Insurance)
81
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$280K +$2.15K +162 +0.8%
NPC
82
National Planning Corporation
California
$256K -$10.6K -800 -4%
AM
83
Ares Management
California
$254K +$1.38K +104 +0.6%
MLICM
84
Metropolitan Life Insurance Company (MetLife)
New York
$244K – – –
Citadel Advisors
85
Citadel Advisors
Florida
$241K +$87.5K +6,582 +60%
Squarepoint
86
Squarepoint
New York
$222K -$10.2K -765 -5%
Mackenzie Financial
87
Mackenzie Financial
Ontario, Canada
$218K +$26.6K +2,000 +14%
AIG
88
American International Group
New York
$212K -$545 -41 -0.3%
CCIA
89
Campbell & Co Investment Adviser
Maryland
$211K +$204K +15,347 New
SB
90
Suntrust Banks
Georgia
$209K +$2.11K +159 +1%
CAM
91
ClariVest Asset Management
California
$202K -$5.73K -431 -3%
AG
92
Aperio Group
California
$199K +$193K +14,528 New
CS
93
Credit Suisse
Switzerland
$189K -$288K -21,683 -61%
CA
94
Cetera Advisors
Colorado
$188K +$31.6K +2,380 +21%
Millennium Management
95
Millennium Management
New York
$161K -$1.74M -131,258 -92%
Grantham, Mayo, Van Otterloo & Co (GMO)
96
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$159K -$70.6K -5,313 -31%
BF
97
BOK Financial
Oklahoma
$154K – – –
Tudor Investment Corp
98
Tudor Investment Corp
Connecticut
$145K -$12.5K -938 -8%
HW
99
Hancock Whitney
Mississippi
$143K – – –
QI
100
QS Investors
New York
$135K – – –
2 3
4
5 6

ACRE Hedge Fund Activity: Q4 2016 in Review

124 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2016, worth a combined $256M — up 11% from $231M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new ACRE positions and 15 closed out — a net gain of 1 holder — while 42 added to existing stakes and 43 trimmed.

The largest buyer was Nomura Holdings, opening a new position worth an estimated $5.14M. The largest seller was ING Group, exiting entirely with an estimated $5.72M sold.

  • 124 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2016, down from 125 in Q3 2016.
  • Funds reported $256M of Ares Commercial Real Estate stock for Q4 2016, up 11% quarter-over-quarter.
  • 16 funds opened new Ares Commercial Real Estate positions in Q4 2016 and 15 closed out, a net change of +1 holder.
  • The largest Ares Commercial Real Estate buyer in Q4 2016 was Nomura Holdings, an estimated $5.14M added.
  • The largest Ares Commercial Real Estate seller in Q4 2016 was ING Group, an estimated $5.72M sold.

Based on aggregated 13F filings for Q4 2016.