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ACRE

Ares Commercial Real Estate

131 hedge funds and large institutions have $271M invested in Ares Commercial Real Estate in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 47 increasing their positions, 45 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

4% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 45

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 134131 (-3)

4.55% less ownership

Funds ownership: 67.62%63.08% (-4.5%)

8% less capital invested

Capital invested by funds: $296M → $271M (-$24.8M)

Holders
131
Holders Change
-3
Holders Change %
-2.24%
% of All Funds
2.85%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
18
Increased
47
Reduced
45
Closed
19
Calls
$444K
Puts
Net Calls
+$444K
Net Calls Change
-$114K
Name Holding Trade Value Shares
Change
Change in
Stake
State Board of Administration of Florida Retirement System
76
State Board of Administration of Florida Retirement System
Florida
$397K -$1.33K -88 -0.3%
D.E. Shaw & Co
77
D.E. Shaw & Co
New York
$367K +$95.8K +6,341 +34%
T. Rowe Price Associates
78
T. Rowe Price Associates
Maryland
$366K
Principal Financial Group
79
Principal Financial Group
Iowa
$350K +$68.6K +4,538 +24%
Nisa Investment Advisors
80
Nisa Investment Advisors
Missouri
$347K +$88K +5,825 +33%
AM
81
Ares Management
California
$318K -$7.28K -482 -2%
CP
82
Camelot Portfolios
Ohio
$318K -$3.16K -209 -1%
USAA
83
United Services Automobile Association
Texas
$310K +$315K +20,870 New
AG
84
Algert Global
California
$308K -$87K -5,756 -22%
AWA
85
Arete Wealth Advisors
Illinois
$304K -$332 -22 -0.1%
PAM
86
Panagora Asset Management
Massachusetts
$303K +$94K +6,219 +44%
Barclays
87
Barclays
United Kingdom
$290K +$153K +10,132 +108%
VRS
88
Virginia Retirement Systems
Virginia
$273K +$278K +18,400 New
Manulife (Manufacturers Life Insurance)
89
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$270K +$122K +8,091 +81%
Tudor Investment Corp
90
Tudor Investment Corp
Connecticut
$269K +$274K +18,127 New
CANY
91
Caxton Associates (New York)
New York
$259K -$94.3K -6,240 -26%
AIG
92
American International Group
New York
$255K +$1.1K +73 +0.4%
UBS AM
93
UBS AM
Illinois
$235K +$239K +15,800 New
ZCM
94
Zebra Capital Management
Connecticut
$229K +$233K +15,440 New
HighTower Advisors
95
HighTower Advisors
Illinois
$227K
SEI Investments
96
SEI Investments
Pennsylvania
$214K -$413K -27,352 -65%
Voloridge Investment Management
97
Voloridge Investment Management
Florida
$205K +$209K +13,815 New
OAM
98
Orinda Asset Management
California
$193K +$196K +13,000 New
ECM
99
ExodusPoint Capital Management
New York
$186K +$189K +12,500 New
QSS
100
Quantitative Systematic Strategies
Florida
$184K +$187K +12,382 New

ACRE Hedge Fund Activity: Q2 2019 in Review

131 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2019, worth a combined $271M — down 8.4% from $296M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of ACRE and 18 opened new positions — a net loss of 1 holder — while 45 trimmed existing stakes and 47 added.

The largest buyer was Nuveen, opening a new position worth an estimated $6.3M. The largest seller was Nomura Holdings, exiting entirely with an estimated $6.03M sold.

  • 131 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2019, down from 134 in Q1 2019.
  • Funds reported $271M of Ares Commercial Real Estate stock for Q2 2019, down 8.4% quarter-over-quarter.
  • 18 funds opened new Ares Commercial Real Estate positions in Q2 2019 and 19 closed out, a net change of -1 holder.
  • The largest Ares Commercial Real Estate buyer in Q2 2019 was Nuveen, an estimated $6.3M added.
  • The largest Ares Commercial Real Estate seller in Q2 2019 was Nomura Holdings, an estimated $6.03M sold.

Based on aggregated 13F filings for Q2 2019.