Ares Commercial Real Estate
ACRE
142 hedge funds and large institutions have $237M invested in Ares Commercial Real Estate in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 52 increasing their positions, 47 reducing their positions, and 17 closing their positions.
24% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 17
16% more capital invested
Capital invested by funds: $204M → $237M (+$33.5M)
11% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 47
2.77% more ownership
Funds ownership: 39.39% → 42.16% (+2.8%)
2% more funds holding
Funds holding: 139 → 142 (+3)
10% more call options, than puts
Call options by funds: $1.6M | Put options by funds: $1.45M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$10.2M |
| 2 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$5.41M |
| 3 |
Morgan Stanley
New York
|
+$4.59M |
| 4 |
BlackRock
New York
|
+$2.49M |
| 5 |
Lido Advisors
Los Angeles,
California
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$8.84M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$2.24M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$984K |
| 4 |
FNT
First National Trust
Hermitage,
Pennsylvania
|
-$762K |
| 5 |
EW
Evoke Wealth
Los Angeles,
California
|
-$669K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RW
151
RVW Wealth
Los Angeles,
California
| – | -$21.9K | -2,302 | Closed |
|
152
Allspring Global Investments
Charlotte,
North Carolina
| – | -$20.5K | -2,151 | Closed |
|
|
BAAM
153
Baker Avenue Asset Management
San Francisco,
California
| – | -$7.22K | -759 | Closed |
|
|
MCM
154
Manchester Capital Management
Manchester,
Vermont
| – | -$1.23K | -129 | Closed |
|
155
US Bancorp
Minneapolis,
Minnesota
| – | -$1.01K | -106 | Closed |
|
|
SIC
156
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$985 | -100 | Closed |
|
|
LFA
157
LGT Financial Advisors
Dallas,
Texas
| – | -$381 | -40 | Closed |
|
|
C
158
Covestor
London,
United Kingdom
| – | +$30 | +3 | New |
|
ACRE Hedge Fund Activity: Q4 2023 in Review
142 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2023, worth a combined $237M — up 16% from $204M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new ACRE positions and 17 closed out — a net gain of 4 holders — while 52 added to existing stakes and 47 trimmed.
The largest buyer was Invesco, adding an estimated $10.2M. The largest seller was Millennium Management, cutting an estimated $8.84M.
- 142 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2023, up from 139 in Q3 2023.
- Funds reported $237M of Ares Commercial Real Estate stock for Q4 2023, up 16% quarter-over-quarter.
- 21 funds opened new Ares Commercial Real Estate positions in Q4 2023 and 17 closed out, a net change of +4 holders.
- The largest Ares Commercial Real Estate buyer in Q4 2023 was Invesco, an estimated $10.2M added.
- The largest Ares Commercial Real Estate seller in Q4 2023 was Millennium Management, an estimated $8.84M sold.
Based on aggregated 13F filings for Q4 2023.