We are live on ! Find out more
ACRE

Ares Commercial Real Estate
ACRE

112 hedge funds and large institutions have $243M invested in Ares Commercial Real Estate in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 51 increasing their positions, 29 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

76% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 29

12% more funds holding

Funds holding: 100 → 112 (+12)

1.6% more ownership

Funds ownership: 63.17% → 64.77% (+1.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less capital invested

Capital invested by funds: $253M → $243M (-$10.4M)

88% less call options, than puts

Call options by funds: $40K | Put options by funds: $329K

Holders
112
Holders Change
+12
Holders Change %
+12%
% of All Funds
2.5%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
17
Increased
51
Reduced
29
Closed
5
Calls
$40K
Puts
$329K
Net Calls
-$289K
Net Calls Change
-$304K

Top Buyers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$3.01M
2
Millennium Management
Millennium Management
New York
+$1.72M
3
Renaissance Technologies
Renaissance Technologies
New York
+$1.39M
4
ZIM
Zacks Investment Management
Illinois
+$1.2M
5
BCM
Beck Capital Management
Texas
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
Boston Partners
Boston Partners
Massachusetts
-$4.63M
2
AllianceBernstein
AllianceBernstein
Tennessee
-$2.1M
3
Neuberger Berman Group
Neuberger Berman Group
New York
-$1.82M
4
ACM
Ativo Capital Management
Illinois
-$1.26M
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
-$741K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$34.3M -$652K -46,661 -2%
Boston Partners
2
Boston Partners
Massachusetts
$25.2M -$4.63M -331,337 -15%
DFG
3
Delphi Financial Group
Delaware
$19.2M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$17.3M +$236K +16,871 +1%
Acadian Asset Management
5
Acadian Asset Management
Massachusetts
$13M +$3.01M +215,028 +27%
State Street
6
State Street
Massachusetts
$10.9M +$185K +13,265 +2%
TC
7
Telemus Capital
Michigan
$8.36M +$335K +23,935 +4%
Nomura Holdings
8
Nomura Holdings
Japan
$6.49M +$488K +34,926 +8%
Morgan Stanley
9
Morgan Stanley
New York
$5.76M +$86.9K +6,215 +1%
Northern Trust
10
Northern Trust
Illinois
$4.21M +$92.6K +6,622 +2%
Millennium Management
11
Millennium Management
New York
$4.19M +$1.72M +123,156 +62%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$4.01M +$301K +21,537 +8%
Bank of America
13
Bank of America
North Carolina
$3.9M -$41.1K -2,942 -1%
Hotchkis & Wiley Capital Management
14
Hotchkis & Wiley Capital Management
California
$3.88M -$741K -52,964 -15%
RVPG
15
Relative Value Partners Group
$3.62M +$57.9K +4,140 +2%
Renaissance Technologies
16
Renaissance Technologies
New York
$3.55M +$1.39M +99,700 +58%
Wells Fargo
17
Wells Fargo
California
$3.49M +$50.2K +3,591 +1%
TCIM
18
TIAA CREF Investment Management
New York
$3.24M +$53.1K +3,799 +2%
Deutsche Bank
19
Deutsche Bank
Germany
$3.19M +$1M +71,711 +41%
MAM
20
Martingale Asset Management
Massachusetts
$3.12M +$452K +32,301 +16%
RA
21
Resource America
New York
$3.08M – – –
ACM
22
Advisors Capital Management
New Jersey
$3.01M -$389K -27,792 -11%
YMRC
23
Yorktown Management & Research Company
Virginia
$3M – – –
LSV Asset Management
24
LSV Asset Management
Illinois
$2.77M +$512K +36,600 +21%
PPA
25
Parametric Portfolio Associates
Washington
$2.59M +$509K +36,377 +22%
1
2 3 4 5

ACRE Hedge Fund Activity: Q4 2018 in Review

112 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q4 2018, worth a combined $243M — down 4.1% from $253M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new ACRE positions and 5 closed out — a net gain of 12 holders — while 51 added to existing stakes and 29 trimmed.

The largest buyer was Acadian Asset Management, adding an estimated $3.01M. The largest seller was Boston Partners, cutting an estimated $4.63M.

  • 112 institutional investors held Ares Commercial Real Estate (ACRE) as of Q4 2018, up from 100 in Q3 2018.
  • Funds reported $243M of Ares Commercial Real Estate stock for Q4 2018, down 4.1% quarter-over-quarter.
  • 17 funds opened new Ares Commercial Real Estate positions in Q4 2018 and 5 closed out, a net change of +12 holders.
  • The largest Ares Commercial Real Estate buyer in Q4 2018 was Acadian Asset Management, an estimated $3.01M added.
  • The largest Ares Commercial Real Estate seller in Q4 2018 was Boston Partners, an estimated $4.63M sold.

Based on aggregated 13F filings for Q4 2018.