Ares Commercial Real Estate
ACRE
93 hedge funds and large institutions have $239M invested in Ares Commercial Real Estate in 2014 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 26 reducing their positions, and 13 closing their positions.
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
31% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 26
8% more capital invested
Capital invested by funds: $221M → $239M (+$17.8M)
6% more funds holding
Funds holding: 88 → 93 (+5)
3.13% more ownership
Funds ownership: 59.35% → 62.48% (+3.1%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
83% less call options, than puts
Call options by funds: $186K | Put options by funds: $1.13M
Top Buyers
Top Sellers
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$25.3M |
| 2 |
Morgan Stanley
New York
|
-$3.18M |
| 3 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$2.34M |
| 4 |
AIM
ADAR Investment Management
Englewood,
New Jersey
|
-$1.87M |
| 5 |
JP Morgan Chase
New York
|
-$1.82M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JG
101
Jefferies Group
New York
| – | -$296K | -22,586 | Closed |
|
|
VKH
102
Virtu KCG Holdings
New York
| – | -$249K | -19,005 | Closed |
|
|
TC
103
TFS Capital
West Chester,
Pennsylvania
| – | -$167K | -12,730 | Closed |
|
104
Verition Fund Management
Greenwich,
Connecticut
| – | -$160K | -12,201 | Closed |
|
105
BNP Paribas Financial Markets
Paris,
France
| – | -$3.63K | -277 | Closed |
|
|
FHA
106
First Horizon Advisors
Memphis,
Tennessee
| – | +$402 | +30 | New |
|
ACRE Hedge Fund Activity: Q1 2014 in Review
93 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2014, worth a combined $239M — up 8.1% from $221M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new ACRE positions and 13 closed out — a net gain of 5 holders — while 34 added to existing stakes and 26 trimmed.
The largest buyer was RS Investment Management, opening a new position worth an estimated $21.1M. The largest seller was Wellington Management Group, exiting entirely with an estimated $25.3M sold.
- 93 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2014, up from 88 in Q4 2013.
- Funds reported $239M of Ares Commercial Real Estate stock for Q1 2014, up 8.1% quarter-over-quarter.
- 18 funds opened new Ares Commercial Real Estate positions in Q1 2014 and 13 closed out, a net change of +5 holders.
- The largest Ares Commercial Real Estate buyer in Q1 2014 was RS Investment Management, an estimated $21.1M added.
- The largest Ares Commercial Real Estate seller in Q1 2014 was Wellington Management Group, an estimated $25.3M sold.
Based on aggregated 13F filings for Q1 2014.