Ares Commercial Real Estate
ACRE
134 hedge funds and large institutions have $198M invested in Ares Commercial Real Estate in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 52 increasing their positions, 39 reducing their positions, and 33 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 39
6.74% less ownership
Funds ownership: 46.45% → 39.71% (-6.7%)
11% less funds holding
Funds holding: 151 → 134 (-17)
24% less capital invested
Capital invested by funds: $261M → $198M (-$63.5M)
45% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 33
93% less call options, than puts
Call options by funds: $2.01M | Put options by funds: $30.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$6.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.81M |
| 3 |
Millennium Management
New York
|
+$3.32M |
| 4 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
+$2.26M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$16.3M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$12.3M |
| 3 |
JP Morgan Chase
New York
|
-$7.76M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$7.26M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$4.24M |
ACRE Hedge Fund Activity: Q1 2023 in Review
134 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2023, worth a combined $198M — down 24% from $261M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of ACRE and 18 opened new positions — a net loss of 15 holders — while 39 trimmed existing stakes and 52 added.
The largest buyer was Arete Wealth Advisors, opening a new position worth an estimated $6.1M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $16.3M sold.
- 134 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2023, down from 151 in Q4 2022.
- Funds reported $198M of Ares Commercial Real Estate stock for Q1 2023, down 24% quarter-over-quarter.
- 18 funds opened new Ares Commercial Real Estate positions in Q1 2023 and 33 closed out, a net change of -15 holders.
- The largest Ares Commercial Real Estate buyer in Q1 2023 was Arete Wealth Advisors, an estimated $6.1M added.
- The largest Ares Commercial Real Estate seller in Q1 2023 was 1832 Asset Management, an estimated $16.3M sold.
Based on aggregated 13F filings for Q1 2023.