Ares Commercial Real Estate
ACRE
99 hedge funds and large institutions have $219M invested in Ares Commercial Real Estate in 2015 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 30 reducing their positions, and 14 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 30
1.41% more ownership
Funds ownership: 65.57% → 66.99% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $225M → $219M (-$5.61M)
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
1% less funds holding
Funds holding: 100 → 99 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$3.77M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
+$3.59M |
| 3 |
Renaissance Technologies
New York
|
+$2.4M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$1.79M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.51M |
| 2 |
FM
Forward Management
San Francisco,
California
|
-$2.29M |
| 3 |
RCM
Rotella Capital Management
Bellevue,
Washington
|
-$1.33M |
| 4 |
Two Sigma Investments
New York
|
-$1.33M |
| 5 |
Two Sigma Advisers
New York
|
-$870K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
101
Two Sigma Advisers
New York
| – | -$870K | -72,600 | Closed |
|
102
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
| – | -$659K | -55,000 | Closed |
|
103
Ameriprise
Minneapolis,
Minnesota
| – | -$659K | -53,849 | Closed |
|
|
NCCM
104
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$537K | -44,800 | Closed |
|
|
EMG
105
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$315K | -26,247 | Closed |
|
106
Nomura Holdings
Tokyo,
Japan
| – | -$276K | -22,948 | Closed |
|
107
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$201K | -16,763 | Closed |
|
|
LP
108
LMR Partners
London,
United Kingdom
| – | -$127K | -10,590 | Closed |
|
|
PP
109
PDT Partners
New York
| – | -$120K | -10,044 | Closed |
|
|
TDC
110
Thompson Davis & Co
Richmond,
Virginia
| – | -$48K | -4,000 | Closed |
|
|
EWM
111
Endurance Wealth Management
Providence,
Rhode Island
| – | -$5K | -400 | Closed |
|
|
WRM
112
Westport Resources Management
Westport,
Connecticut
| – | -$2K | -200 | Closed |
|
|
CG
113
Cutler Group
San Francisco,
California
| – | +$161 | +13 | New |
|
ACRE Hedge Fund Activity: Q4 2015 in Review
99 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2015, worth a combined $219M — down 2.5% from $225M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of ACRE and 13 opened new positions — a net loss of 1 holder — while 30 trimmed existing stakes and 39 added.
The largest buyer was Mendon Capital Advisors, opening a new position worth an estimated $3.77M. The largest seller was Citadel Advisors, cutting an estimated $2.51M.
- 99 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2015, down from 100 in Q3 2015.
- Funds reported $219M of Ares Commercial Real Estate stock for Q4 2015, down 2.5% quarter-over-quarter.
- 13 funds opened new Ares Commercial Real Estate positions in Q4 2015 and 14 closed out, a net change of -1 holder.
- The largest Ares Commercial Real Estate buyer in Q4 2015 was Mendon Capital Advisors, an estimated $3.77M added.
- The largest Ares Commercial Real Estate seller in Q4 2015 was Citadel Advisors, an estimated $2.51M sold.
Based on aggregated 13F filings for Q4 2015.