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ACRE

Ares Commercial Real Estate

77 hedge funds and large institutions have $176M invested in Ares Commercial Real Estate in 2013 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 9 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

311% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 9

92% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 12

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

17% more funds holding

Funds holding: 6677 (+11)

16% more capital invested

Capital invested by funds: $153M → $176M (+$23.8M)

7.45% more ownership

Funds ownership: 43.77%51.22% (+7.4%)

75% less call options, than puts

Call options by funds: $808K | Put options by funds: $3.18M

Holders
77
Holders Change
+11
Holders Change %
+16.67%
% of All Funds
2.5%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.1%
New
23
Increased
37
Reduced
9
Closed
12
Calls
$808K
Puts
$3.18M
Net Calls
-$2.37M
Net Calls Change
-$2.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$23.2M +$17.4M +1,358,927 +268%
Neuberger Berman Group
2
Neuberger Berman Group
New York
$21M +$949K +74,251 +5%
Boston Partners
3
Boston Partners
Massachusetts
$15.7M -$182K -14,242 -1%
BFA
4
BlackRock Fund Advisors
California
$14M +$10.2M +801,129 +244%
Vanguard Group
5
Vanguard Group
Pennsylvania
$8.32M +$697K +54,587 +9%
Morgan Stanley
6
Morgan Stanley
New York
$7.99M +$976K +76,360 +13%
SONJCPFE
7
State of New Jersey Common Pension Fund E
New Jersey
$7.77M
FM
8
Forward Management
California
$6.78M +$447K +35,000 +7%
AM
9
Ares Management
California
$6.21M
O
10
OppenheimerFunds
New York
$5.62M -$6.86K -537 -0.1%
FPA
11
First Pacific Advisors
California
$5.21M +$1.6M +125,000 +42%
SCM
12
Silver Capital Management
New York
$4.81M +$1.69M +132,118 +52%
BIT
13
BlackRock Institutional Trust
California
$4.79M +$3.03M +237,433 +161%
MCA
14
Mendon Capital Advisors
Florida
$4.52M +$1.3M +101,400 +39%
State Street
15
State Street
Massachusetts
$3.9M +$2.46M +192,324 +158%
Northern Trust
16
Northern Trust
Illinois
$3.85M +$2.45M +191,576 +161%
CS
17
Credit Suisse
Switzerland
$3.07M -$12.3M -965,585 -80%
GC
18
Guggenheim Capital
Illinois
$1.91M +$1.96M +153,720 New
JP Morgan Chase
19
JP Morgan Chase
New York
$1.81M +$1.86M +145,933 New
Millennium Management
20
Millennium Management
New York
$1.41M +$1.45M +113,326 New
Geode Capital Management
21
Geode Capital Management
Massachusetts
$1.31M +$465K +36,415 +53%
DRZID
22
DePrince Race & Zollo Inc (DRZ)
Florida
$1.3M
Bank of New York Mellon
23
Bank of New York Mellon
New York
$1.26M +$558K +43,712 +76%
Bank of America
24
Bank of America
North Carolina
$1.2M +$404K +31,596 +49%
PG
25
PEAK6 Group
Illinois
$1.1M +$2.04M +159,675 +957%

ACRE Hedge Fund Activity: Q3 2013 in Review

77 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2013, worth a combined $176M — up 16% from $153M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new ACRE positions and 12 closed out — a net gain of 11 holders — while 37 added to existing stakes and 9 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $17.4M. The largest seller was Credit Suisse, cutting an estimated $12.3M.

  • 77 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2013, up from 66 in Q2 2013.
  • Funds reported $176M of Ares Commercial Real Estate stock for Q3 2013, up 16% quarter-over-quarter.
  • 23 funds opened new Ares Commercial Real Estate positions in Q3 2013 and 12 closed out, a net change of +11 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2013 was Wellington Management Group, an estimated $17.4M added.
  • The largest Ares Commercial Real Estate seller in Q3 2013 was Credit Suisse, an estimated $12.3M sold.

Based on aggregated 13F filings for Q3 2013.