Ares Commercial Real Estate
ACRE
90 hedge funds and large institutions have $218M invested in Ares Commercial Real Estate in 2014 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 34 increasing their positions, 28 reducing their positions, and 13 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 28
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.9% less ownership
Funds ownership: 62.48% → 61.58% (-0.9%)
3% less funds holding
Funds holding: 93 → 90 (-3)
9% less capital invested
Capital invested by funds: $239M → $218M (-$20.6M)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
99% less call options, than puts
Call options by funds: $7K | Put options by funds: $1.02M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$6.04M |
| 2 |
MCP
Moab Capital Partners
Southampton,
New York
|
+$5.67M |
| 3 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$3.16M |
| 4 |
EWM
Edge Wealth Management
New York
|
+$2.51M |
| 5 |
RIM
RS Investment Management
San Francisco,
California
|
+$2.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$14.9M |
| 2 |
O
OppenheimerFunds
New York
|
-$6.66M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2M |
| 5 |
SCM
Silver Capital Management
New York
|
-$1.54M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Creative Planning
Overland Park,
Kansas
| – | -$6K | -431 | Closed |
|
102
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -68 | Closed |
|
ACRE Hedge Fund Activity: Q2 2014 in Review
90 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2014, worth a combined $218M — down 8.6% from $239M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of ACRE and 11 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 34 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $6.04M. The largest seller was Indaba Capital Management, exiting entirely with an estimated $14.9M sold.
- 90 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2014, down from 93 in Q1 2014.
- Funds reported $218M of Ares Commercial Real Estate stock for Q2 2014, down 8.6% quarter-over-quarter.
- 11 funds opened new Ares Commercial Real Estate positions in Q2 2014 and 13 closed out, a net change of -2 holders.
- The largest Ares Commercial Real Estate buyer in Q2 2014 was Millennium Management, an estimated $6.04M added.
- The largest Ares Commercial Real Estate seller in Q2 2014 was Indaba Capital Management, an estimated $14.9M sold.
Based on aggregated 13F filings for Q2 2014.