Ares Commercial Real Estate
ACRE
105 hedge funds and large institutions have $207M invested in Ares Commercial Real Estate in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 29 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
31% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 29
6% more funds holding
Funds holding: 99 → 105 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.97% less ownership
Funds ownership: 66.98% → 66.01% (-0.97%)
6% less capital invested
Capital invested by funds: $219M → $207M (-$12.3M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $162K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$1.76M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$1.12M |
| 3 |
TC
Telemus Capital
Southfield,
Michigan
|
+$913K |
| 4 |
JIC
Joel Isaacson & Co
New York
|
+$730K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$600K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Forward Management
San Francisco,
California
|
-$4.46M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
-$3.59M |
| 3 |
Millennium Management
New York
|
-$1.11M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.01M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$625K |
ACRE Hedge Fund Activity: Q1 2016 in Review
105 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2016, worth a combined $207M — down 5.6% from $219M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new ACRE positions and 10 closed out — a net gain of 6 holders — while 38 added to existing stakes and 29 trimmed.
The largest buyer was Clear Harbor Asset Management, adding an estimated $1.76M. The largest seller was Forward Management, exiting entirely with an estimated $4.46M sold.
- 105 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2016, up from 99 in Q4 2015.
- Funds reported $207M of Ares Commercial Real Estate stock for Q1 2016, down 5.6% quarter-over-quarter.
- 16 funds opened new Ares Commercial Real Estate positions in Q1 2016 and 10 closed out, a net change of +6 holders.
- The largest Ares Commercial Real Estate buyer in Q1 2016 was Clear Harbor Asset Management, an estimated $1.76M added.
- The largest Ares Commercial Real Estate seller in Q1 2016 was Forward Management, an estimated $4.46M sold.
Based on aggregated 13F filings for Q1 2016.