Ares Commercial Real Estate
ACRE
109 hedge funds and large institutions have $221M invested in Ares Commercial Real Estate in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 39 reducing their positions, and 12 closing their positions.
70% more call options, than puts
Call options by funds: $124K | Put options by funds: $73K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 110 → 109 (-1)
5% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 39
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
1.25% less ownership
Funds ownership: 63.95% → 62.7% (-1.2%)
6% less capital invested
Capital invested by funds: $236M → $221M (-$14.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$1.87M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$1.12M |
| 3 |
D.E. Shaw & Co
New York
|
+$994K |
| 4 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
+$809K |
| 5 |
AC
Athanor Capital
New York
|
+$598K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.13M |
| 2 |
Millennium Management
New York
|
-$1.42M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$1.34M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$1.18M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.03M |
ACRE Hedge Fund Activity: Q1 2018 in Review
109 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q1 2018, worth a combined $221M — down 6.1% from $236M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ACRE and 11 opened new positions — a net loss of 1 holder — while 39 trimmed existing stakes and 37 added.
The largest buyer was Martingale Asset Management, opening a new position worth an estimated $1.87M. The largest seller was BlackRock, cutting an estimated $2.13M.
- 109 institutional investors held Ares Commercial Real Estate (ACRE) as of Q1 2018, down from 110 in Q4 2017.
- Funds reported $221M of Ares Commercial Real Estate stock for Q1 2018, down 6.1% quarter-over-quarter.
- 11 funds opened new Ares Commercial Real Estate positions in Q1 2018 and 12 closed out, a net change of -1 holder.
- The largest Ares Commercial Real Estate buyer in Q1 2018 was Martingale Asset Management, an estimated $1.87M added.
- The largest Ares Commercial Real Estate seller in Q1 2018 was BlackRock, an estimated $2.13M sold.
Based on aggregated 13F filings for Q1 2018.