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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
JMPWA
101
JP Morgan Private Wealth Advisors
California
$170K
MIM
102
MetLife Investment Management
New Jersey
$170K
LPL Financial
103
LPL Financial
California
$164K
Cambridge Investment Research Advisors
104
Cambridge Investment Research Advisors
Iowa
$162K +$4.38K +290 +3%
Susquehanna International Group
105
Susquehanna International Group
Pennsylvania
$151K +$153K +10,133 New
MLICM
106
Metropolitan Life Insurance Company (MetLife)
New York
$143K
Citigroup
107
Citigroup
New York
$115K +$6.95K +460 +6%
SO
108
STRS Ohio
Ohio
$106K
US Bancorp
109
US Bancorp
Minnesota
$106K +$98.7K +6,533 +1,130%
AG
110
Advisor Group
Arizona
$94K -$363 -24 -0.4%
Legal & General Group
111
Legal & General Group
United Kingdom
$93K +$30K +1,983 +46%
BNP Paribas Financial Markets
112
BNP Paribas Financial Markets
France
$73.2K -$9.87K -653 -12%
Canada Life
113
Canada Life
Manitoba, Canada
$65K +$66.4K +4,396 New
LTFS
114
Ladenburg Thalmann Financial Services
Florida
$57K -$8.4K -556 -13%
AIP
115
Ameritas Investment Partners
Nebraska
$38K
Bank of Montreal
116
Bank of Montreal
Ontario, Canada
$33K +$33.7K +2,230 New
PNC Financial Services Group
117
PNC Financial Services Group
Pennsylvania
$30K -$5.35K -354 -15%
CCA
118
Catalyst Capital Advisors
New York
$19K -$16.9K -1,120 -47%
OSAM
119
O'Shaughnessy Asset Management
Connecticut
$16K +$16K +1,058 New
Federated Hermes
120
Federated Hermes
Pennsylvania
$15K -$906 -60 -6%
FDCDDQ
121
Federation des caisses Desjardins du Quebec
Quebec, Canada
$14.9K
PFBT
122
Parkside Financial Bank & Trust
Missouri
$11K +$816 +54 +8%
DWA
123
Dorsey Wright & Associates
California
$11K +$2.73K +181 +33%
Fidelity Investments
124
Fidelity Investments
Massachusetts
$11K +$7.96K +527 +272%
CAM
125
ClariVest Asset Management
California
$7K -$2.27K -150 -24%

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.