Ares Commercial Real Estate
ACRE
129 hedge funds and large institutions have $143M invested in Ares Commercial Real Estate in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 55 increasing their positions, 38 reducing their positions, and 31 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 38
35% more call options, than puts
Call options by funds: $275K | Put options by funds: $203K
2.46% less ownership
Funds ownership: 63.55% → 61.09% (-2.5%)
9% less funds holding
Funds holding: 142 → 129 (-13)
35% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 31
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
51% less capital invested
Capital invested by funds: $291M → $143M (-$148M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Steamboat Capital Partners
Rye,
New York
|
+$14.4M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$12.1M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$7.08M |
| 4 |
Millennium Management
New York
|
+$5.31M |
| 5 |
BlackRock
New York
|
+$4.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Telemus Capital
Southfield,
Michigan
|
-$11M |
| 2 |
Morgan Stanley
New York
|
-$7.51M |
| 3 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$5.21M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$2.27M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RA
151
Rational Advisors
Huntington,
New York
| – | -$90K | -5,711 | Closed |
|
|
P8IP
152
Pier 88 Investment Partners
San Francisco,
California
| – | -$70K | -4,389 | Closed |
|
153
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$54K | -3,410 | Closed |
|
|
CCA
154
Catalyst Capital Advisors
Huntington,
New York
| – | -$20K | -1,280 | Closed |
|
155
Simplex Trading
Chicago,
Illinois
| – | -$14.5K | -1,022 | Closed |
|
|
NFG
156
Next Financial Group
Houston,
Texas
| – | -$16K | -1,000 | Closed |
|
|
PA
157
Parallel Advisors
San Francisco,
California
| – | -$3.36K | -237 | -67% |
|
|
SFSIG
158
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$1K | -48 | Closed |
|
159
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$340 | +24 | New |
|
ACRE Hedge Fund Activity: Q1 2020 in Review
129 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2020, worth a combined $143M — down 51% from $291M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of ACRE and 20 opened new positions — a net loss of 11 holders — while 38 trimmed existing stakes and 55 added.
The largest buyer was Steamboat Capital Partners, opening a new position worth an estimated $14.4M. The largest seller was Telemus Capital, exiting entirely with an estimated $11M sold.
- 129 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2020, down from 142 in Q4 2019.
- Funds reported $143M of Ares Commercial Real Estate stock for Q1 2020, down 51% quarter-over-quarter.
- 20 funds opened new Ares Commercial Real Estate positions in Q1 2020 and 31 closed out, a net change of -11 holders.
- The largest Ares Commercial Real Estate buyer in Q1 2020 was Steamboat Capital Partners, an estimated $14.4M added.
- The largest Ares Commercial Real Estate seller in Q1 2020 was Telemus Capital, an estimated $11M sold.
Based on aggregated 13F filings for Q1 2020.