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ACRE

Ares Commercial Real Estate
ACRE

109 hedge funds and large institutions have $216M invested in Ares Commercial Real Estate in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 39 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more call options, than puts

Call options by funds: $124K | Put options by funds: $73K

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 110 → 109 (-1)

5% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 39

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

1.25% less ownership

Funds ownership: 63.95% → 62.7% (-1.2%)

9% less capital invested

Capital invested by funds: $236M → $216M (-$20.1M)

Holders
109
Holders Change
-1
Holders Change %
-0.91%
% of All Funds
2.5%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
37
Reduced
39
Closed
12
Calls
$124K
Puts
$73K
Net Calls
+$51K
Net Calls Change
+$264K

Top Buyers

1
MAM
Martingale Asset Management
Massachusetts
+$1.87M
2
SFM
Systematic Financial Management
New Jersey
+$1.12M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$994K
4
GIM
Greenwich Investment Management
Connecticut
+$809K
5
AC
Athanor Capital
New York
+$598K

Top Sellers

1
BlackRock
BlackRock
New York
-$2.13M
2
Millennium Management
Millennium Management
New York
-$1.42M
3
Boston Partners
Boston Partners
Massachusetts
-$1.34M
4
GCP
GSA Capital Partners
United Kingdom
-$1.18M
5
Wells Fargo
Wells Fargo
California
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
ARTA
76
A.R.T. Advisors
New York
$248K +$254K +20,143 New
Cambridge Investment Research Advisors
77
Cambridge Investment Research Advisors
Iowa
$240K -$48.2K -3,828 -16%
CAM
78
ClariVest Asset Management
California
$228K +$30.1K +2,390 +15%
Citadel Advisors
79
Citadel Advisors
Florida
$223K -$185K -14,664 -45%
AIG
80
American International Group
New York
$212K -$11.6K -921 -5%
Nisa Investment Advisors
81
Nisa Investment Advisors
Missouri
$205K +$131K +10,400 +168%
AG
82
Aperio Group
California
$168K -$115K -9,120 -40%
AI
83
Atria Investments
North Carolina
$165K +$39.8K +3,163 +31%
MF
84
Magnetar Financial
Illinois
$165K +$168K +13,337 New
MIM
85
MetLife Investment Management
New Jersey
$141K – – –
GCP
86
GSA Capital Partners
United Kingdom
$138K -$1.18M -93,400 -89%
MLICM
87
Metropolitan Life Insurance Company (MetLife)
New York
$119K – – –
TRCT
88
Tower Research Capital (TRC)
New York
$104K +$102K +8,066 +2,222%
SO
89
STRS Ohio
Ohio
$102K – – –
Barclays
90
Barclays
United Kingdom
$80K +$20.8K +1,655 +34%
Citigroup
91
Citigroup
New York
$73K -$27.8K -2,205 -27%
BNP Paribas Financial Markets
92
BNP Paribas Financial Markets
France
$65.9K -$44.7K -3,550 -40%
Legal & General Group
93
Legal & General Group
United Kingdom
$59K -$24.4K -1,935 -29%
SEI Investments
94
SEI Investments
Pennsylvania
$57K +$51K +4,049 +708%
LTFS
95
Ladenburg Thalmann Financial Services
Florida
$49K +$541 +43 +1%
AIP
96
Ameritas Investment Partners
Nebraska
$32K – – –
PFBT
97
Parkside Financial Bank & Trust
Missouri
$20K -$1.22K -97 -6%
ASN
98
Advisory Services Network
Georgia
$17K +$17K +1,350 New
FDCDDQ
99
Federation des caisses Desjardins du Quebec
Quebec, Canada
$12.3K – – –
AG
100
Advisor Group
Arizona
$7K -$5.63K -447 -43%
1 2 3
4
5

ACRE Hedge Fund Activity: Q1 2018 in Review

109 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2018, worth a combined $216M — down 8.5% from $236M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of ACRE and 11 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 37 added.

The largest buyer was Martingale Asset Management, opening a new position worth an estimated $1.87M. The largest seller was BlackRock, cutting an estimated $2.13M.

  • 109 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2018, down from 110 in Q4 2017.
  • Funds reported $216M of Ares Commercial Real Estate stock for Q1 2018, down 8.5% quarter-over-quarter.
  • 11 funds opened new Ares Commercial Real Estate positions in Q1 2018 and 12 closed out, a net change of -1 holder.
  • The largest Ares Commercial Real Estate buyer in Q1 2018 was Martingale Asset Management, an estimated $1.87M added.
  • The largest Ares Commercial Real Estate seller in Q1 2018 was BlackRock, an estimated $2.13M sold.

Based on aggregated 13F filings for Q1 2018.