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ACRE

Ares Commercial Real Estate
ACRE

95 hedge funds and large institutions have $200M invested in Ares Commercial Real Estate in 2015 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 35 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 4

13% more funds holding

Funds holding: 84 → 95 (+11)

2% more capital invested

Capital invested by funds: $196M → $200M (+$4.61M)

0.11% more ownership

Funds ownership: 62.08% → 62.19% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

20% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 35

Holders
95
Holders Change
+11
Holders Change %
+13.1%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
28
Reduced
35
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Boston Partners
Boston Partners
Massachusetts
+$3M
2
EC
EJF Capital
Virginia
+$2.51M
3
Millennium Management
Millennium Management
New York
+$1.3M
4
Wells Fargo
Wells Fargo
California
+$1.24M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$921K

Top Sellers

Rank Fund Capital Flow
1
MCP
Moab Capital Partners
New York
-$2.81M
2
Renaissance Technologies
Renaissance Technologies
New York
-$1.98M
3
N
Nuveen
North Carolina
-$1.96M
4
BFA
BlackRock Fund Advisors
California
-$1.69M
5
FCM
Frontier Capital Management
Massachusetts
-$1.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
Boston Partners
1
Boston Partners
Massachusetts
$20.1M +$3M +260,478 +17%
RIM
2
RS Investment Management
California
$19.9M -$682K -59,260 -3%
DFG
3
Delphi Financial Group
Delaware
$16.7M – – –
BFA
4
BlackRock Fund Advisors
California
$14.2M -$1.69M -146,969 -11%
AllianceBernstein
5
AllianceBernstein
Tennessee
$11.2M +$596K +51,778 +6%
Vanguard Group
6
Vanguard Group
Pennsylvania
$10.5M +$210K +18,255 +2%
Millennium Management
7
Millennium Management
New York
$8.48M +$1.3M +112,785 +18%
CHAM
8
Clear Harbor Asset Management
Connecticut
$7.94M -$700K -60,799 -8%
Wells Fargo
9
Wells Fargo
California
$7.13M +$1.24M +108,118 +21%
FM
10
Forward Management
California
$6.56M – – –
Neuberger Berman Group
11
Neuberger Berman Group
New York
$6.28M -$280K -24,336 -4%
State Street
12
State Street
Massachusetts
$6.07M +$217K +18,887 +4%
MCP
13
Moab Capital Partners
New York
$5.82M -$2.81M -244,392 -32%
Morgan Stanley
14
Morgan Stanley
New York
$4.35M -$290K -25,159 -6%
Northern Trust
15
Northern Trust
Illinois
$3.32M -$272K -23,679 -8%
PAIM
16
Punch & Associates Investment Management
Minnesota
$3.12M -$308K -26,804 -9%
BCM
17
Buckhead Capital Management
Georgia
$3.11M +$4.2K +365 +0.1%
BIT
18
BlackRock Institutional Trust
California
$2.97M +$650K +56,447 +28%
Balyasny Asset Management
19
Balyasny Asset Management
Illinois
$2.63M +$855K +74,338 +47%
RFC
20
Russell Frank Company
Washington
$2.55M +$689K +59,904 +36%
EC
21
EJF Capital
Virginia
$2.48M +$2.51M +218,111 New
Bank of America
22
Bank of America
North Carolina
$2.4M +$367K +31,869 +18%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$2.38M -$19.9K -1,726 -0.8%
CCMLC
24
Cardinal Capital Management LLC (Connecticut)
Connecticut
$2.14M – – –
Prudential Financial
25
Prudential Financial
New Jersey
$1.83M +$24.6K +2,140 +1%
1
2 3 4

ACRE Hedge Fund Activity: Q2 2015 in Review

95 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2015, worth a combined $200M — up 2.4% from $196M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new ACRE positions and 4 closed out — a net gain of 12 holders — while 28 added to existing stakes and 35 trimmed.

The largest buyer was Boston Partners, adding an estimated $3M. The largest seller was Moab Capital Partners, cutting an estimated $2.81M.

  • 95 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2015, up from 84 in Q1 2015.
  • Funds reported $200M of Ares Commercial Real Estate stock for Q2 2015, up 2.4% quarter-over-quarter.
  • 16 funds opened new Ares Commercial Real Estate positions in Q2 2015 and 4 closed out, a net change of +12 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2015 was Boston Partners, an estimated $3M added.
  • The largest Ares Commercial Real Estate seller in Q2 2015 was Moab Capital Partners, an estimated $2.81M sold.

Based on aggregated 13F filings for Q2 2015.