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ACRE

Ares Commercial Real Estate

110 hedge funds and large institutions have $243M invested in Ares Commercial Real Estate in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 39 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.31% more ownership

Funds ownership: 65%65.3% (+0.31%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2% less capital invested

Capital invested by funds: $248M → $243M (-$4.14M)

8% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 39

2% less funds holding

Funds holding: 112110 (-2)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
110
Holders Change
-2
Holders Change %
-1.79%
% of All Funds
2.74%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
13
Increased
36
Reduced
39
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$37.8M +$1.53M +114,088 +4%
Boston Partners
2
Boston Partners
Massachusetts
$28.2M +$572K +42,639 +2%
DFG
3
Delphi Financial Group
Delaware
$19.2M
Vanguard Group
4
Vanguard Group
Pennsylvania
$16.2M +$663K +49,469 +4%
State Street
5
State Street
Massachusetts
$9.58M -$70.7K -5,276 -0.7%
AllianceBernstein
6
AllianceBernstein
Tennessee
$7.9M -$297K -22,160 -4%
Acadian Asset Management
7
Acadian Asset Management
Massachusetts
$6.39M -$4.8M -357,949 -42%
Morgan Stanley
8
Morgan Stanley
New York
$6.35M -$1M -74,813 -13%
Wells Fargo
9
Wells Fargo
California
$5.95M -$352K -26,294 -5%
Nomura Holdings
10
Nomura Holdings
Japan
$5.73M +$131K +9,803 +2%
TC
11
Telemus Capital
Michigan
$5.64M +$349K +26,035 +6%
Neuberger Berman Group
12
Neuberger Berman Group
New York
$5.54M +$17.1K +1,275 +0.3%
CCP
13
Clough Capital Partners
Massachusetts
$4.57M
Northern Trust
14
Northern Trust
Illinois
$3.99M +$174K +12,999 +4%
Bank of America
15
Bank of America
North Carolina
$3.91M -$455K -33,953 -10%
ACM
16
Advisors Capital Management
New Jersey
$3.63M +$96.8K +7,225 +3%
RVPG
17
Relative Value Partners Group
$3.46M +$446K +33,259 +14%
AAMU
18
AEGON Asset Management (UK)
United Kingdom
$3.43M +$3.51M +262,026 New
Allianz Asset Management
19
Allianz Asset Management
Germany
$3.39M -$343K -25,552 -9%
BCM
20
Buckhead Capital Management
Georgia
$3.11M -$7.57K -565 -0.2%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$3.06M +$129K +9,648 +4%
YMRC
22
Yorktown Management & Research Company
Virginia
$3.01M +$3.08M +230,000 New
Thrivent Financial for Lutherans
23
Thrivent Financial for Lutherans
Minnesota
$2.96M +$1.84M +137,570 +155%
CHAM
24
Clear Harbor Asset Management
Connecticut
$2.33M +$179K +13,365 +8%
KCM
25
Kennedy Capital Management
Missouri
$2.23M +$1.22M +90,644 +113%

ACRE Hedge Fund Activity: Q2 2017 in Review

110 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2017, worth a combined $243M — down 1.7% from $248M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of ACRE and 13 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 36 added.

The largest buyer was AEGON Asset Management (UK), opening a new position worth an estimated $3.51M. The largest seller was Acadian Asset Management, cutting an estimated $4.8M.

  • 110 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2017, down from 112 in Q1 2017.
  • Funds reported $243M of Ares Commercial Real Estate stock for Q2 2017, down 1.7% quarter-over-quarter.
  • 13 funds opened new Ares Commercial Real Estate positions in Q2 2017 and 15 closed out, a net change of -2 holders.
  • The largest Ares Commercial Real Estate buyer in Q2 2017 was AEGON Asset Management (UK), an estimated $3.51M added.
  • The largest Ares Commercial Real Estate seller in Q2 2017 was Acadian Asset Management, an estimated $4.8M sold.

Based on aggregated 13F filings for Q2 2017.