Ares Commercial Real Estate
ACRE
88 hedge funds and large institutions have $221M invested in Ares Commercial Real Estate in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 23 reducing their positions, and 10 closing their positions.
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
48% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 23
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
22% more capital invested
Capital invested by funds: $182M → $221M (+$39.3M)
14% more funds holding
Funds holding: 77 → 88 (+11)
6.83% more ownership
Funds ownership: 52.52% → 59.35% (+6.8%)
81% less call options, than puts
Call options by funds: $775K | Put options by funds: $4.13M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$8.91M |
| 2 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$4.86M |
| 3 |
Renaissance Technologies
New York
|
+$3.77M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$3.33M |
| 5 |
SONJCPFA
State of New Jersey Common Pension Fund A
Trenton,
New Jersey
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SONJCPFE
State of New Jersey Common Pension Fund E
Trenton,
New Jersey
|
-$7.77M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$6.21M |
| 3 |
O
OppenheimerFunds
New York
|
-$5.67M |
| 4 |
Morgan Stanley
New York
|
-$1.64M |
| 5 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$1.46M |
ACRE Hedge Fund Activity: Q4 2013 in Review
88 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2013, worth a combined $221M — up 22% from $182M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new ACRE positions and 10 closed out — a net gain of 12 holders — while 34 added to existing stakes and 23 trimmed.
The largest buyer was Frontier Capital Management, opening a new position worth an estimated $8.91M. The largest seller was State of New Jersey Common Pension Fund E, exiting entirely with an estimated $7.77M sold.
- 88 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2013, up from 77 in Q3 2013.
- Funds reported $221M of Ares Commercial Real Estate stock for Q4 2013, up 22% quarter-over-quarter.
- 22 funds opened new Ares Commercial Real Estate positions in Q4 2013 and 10 closed out, a net change of +12 holders.
- The largest Ares Commercial Real Estate buyer in Q4 2013 was Frontier Capital Management, an estimated $8.91M added.
- The largest Ares Commercial Real Estate seller in Q4 2013 was State of New Jersey Common Pension Fund E, an estimated $7.77M sold.
Based on aggregated 13F filings for Q4 2013.