Ares Commercial Real Estate
ACRE
142 hedge funds and large institutions have $291M invested in Ares Commercial Real Estate in 2019 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 58 increasing their positions, 43 reducing their positions, and 15 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 43
27% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 15
5% more capital invested
Capital invested by funds: $276M → $291M (+$14.5M)
0.74% more ownership
Funds ownership: 62.81% → 63.55% (+0.74%)
1% more funds holding
Funds holding: 141 → 142 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $405K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$5.1M |
| 2 |
Morgan Stanley
New York
|
+$3.65M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$3.04M |
| 4 |
Goldman Sachs
New York
|
+$1.87M |
| 5 |
BlackRock
New York
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.78M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$2.22M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.02M |
| 4 |
WG
Winton Group
London,
United Kingdom
|
-$1.7M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$29K | -1,888 | Closed |
|
|
OSAM
152
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$17.3K | -1,113 | -97% |
|
153
Lazard Asset Management
New York
| – | -$15K | -998 | Closed |
|
|
1IA
154
1834 Investment Advisors
Milwaukee,
Wisconsin
| – | -$9K | -600 | Closed |
|
|
CAM
155
ClariVest Asset Management
San Diego,
California
| – | -$7K | -486 | Closed |
|
156
Twin Tree Management
Dallas,
Texas
| – | -$6K | -392 | Closed |
|
|
FEM
157
Fulcrum Equity Management
Plano,
Texas
| – | -$3K | -179 | Closed |
|
ACRE Hedge Fund Activity: Q4 2019 in Review
142 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2019, worth a combined $291M — up 5.2% from $276M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new ACRE positions and 15 closed out — a net gain of 4 holders — while 58 added to existing stakes and 43 trimmed.
The largest buyer was Centersquare Investment Management, opening a new position worth an estimated $5.1M. The largest seller was Millennium Management, cutting an estimated $3.78M.
- 142 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2019, up from 141 in Q3 2019.
- Funds reported $291M of Ares Commercial Real Estate stock for Q4 2019, up 5.2% quarter-over-quarter.
- 19 funds opened new Ares Commercial Real Estate positions in Q4 2019 and 15 closed out, a net change of +4 holders.
- The largest Ares Commercial Real Estate buyer in Q4 2019 was Centersquare Investment Management, an estimated $5.1M added.
- The largest Ares Commercial Real Estate seller in Q4 2019 was Millennium Management, an estimated $3.78M sold.
Based on aggregated 13F filings for Q4 2019.