Ares Commercial Real Estate
ACRE
77 hedge funds and large institutions have $182M invested in Ares Commercial Real Estate in 2013 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 38 increasing their positions, 8 reducing their positions, and 12 closing their positions.
375% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 8
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: 2 → 3 (+1)
19% more capital invested
Capital invested by funds: $153M → $182M (+$29.2M)
17% more funds holding
Funds holding: 66 → 77 (+11)
8.75% more ownership
Funds ownership: 43.77% → 52.52% (+8.8%)
75% less call options, than puts
Call options by funds: $808K | Put options by funds: $3.18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$17.4M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$10.2M |
| 3 |
O
OppenheimerFunds
New York
|
+$5.77M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$3.03M |
| 5 |
State Street
Boston,
Massachusetts
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$12.3M |
| 2 |
WCM
Wesley Capital Management
New York
|
-$5.13M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$5M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$2.57M |
| 5 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$2.08M |
ACRE Hedge Fund Activity: Q3 2013 in Review
77 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2013, worth a combined $182M — up 19% 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 38 added to existing stakes and 8 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 $182M of Ares Commercial Real Estate stock for Q3 2013, up 19% 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.