Ares Commercial Real Estate
ACRE
112 hedge funds and large institutions have $168M invested in Ares Commercial Real Estate in 2020 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 43 reducing their positions, and 16 closing their positions.
352% more call options, than puts
Call options by funds: $1.56M | Put options by funds: $345K
13% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 16
2% more funds holding
Funds holding: 110 → 112 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.67% less ownership
Funds ownership: 58.41% → 55.73% (-2.7%)
6% less capital invested
Capital invested by funds: $178M → $168M (-$10.3M)
47% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGCIA
Smith Graham & Co Investment Advisors
Houston,
Texas
|
+$7.36M |
| 2 |
JP Morgan Chase
New York
|
+$2.81M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.66M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.31M |
| 5 |
Renaissance Technologies
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
-$4.56M |
| 2 |
Millennium Management
New York
|
-$3.38M |
| 3 |
Two Sigma Investments
New York
|
-$1.92M |
| 4 |
WG
Winton Group
London,
United Kingdom
|
-$1.91M |
| 5 |
Goldman Sachs
New York
|
-$1.5M |
ACRE Hedge Fund Activity: Q3 2020 in Review
112 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2020, worth a combined $168M — down 5.8% from $178M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new ACRE positions and 16 closed out — a net gain of 2 holders — while 23 added to existing stakes and 43 trimmed.
The largest buyer was Smith Graham & Co Investment Advisors, opening a new position worth an estimated $7.36M. The largest seller was Callodine Capital Management, exiting entirely with an estimated $4.56M sold.
- 112 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2020, up from 110 in Q2 2020.
- Funds reported $168M of Ares Commercial Real Estate stock for Q3 2020, down 5.8% quarter-over-quarter.
- 18 funds opened new Ares Commercial Real Estate positions in Q3 2020 and 16 closed out, a net change of +2 holders.
- The largest Ares Commercial Real Estate buyer in Q3 2020 was Smith Graham & Co Investment Advisors, an estimated $7.36M added.
- The largest Ares Commercial Real Estate seller in Q3 2020 was Callodine Capital Management, an estimated $4.56M sold.
Based on aggregated 13F filings for Q3 2020.