Ares Commercial Real Estate
ACRE
131 hedge funds and large institutions have $271M invested in Ares Commercial Real Estate in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 47 increasing their positions, 46 reducing their positions, and 19 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
2% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 46
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
2% less funds holding
Funds holding: 134 → 131 (-3)
4.63% less ownership
Funds ownership: 67.7% → 63.08% (-4.6%)
8% less capital invested
Capital invested by funds: $296M → $271M (-$25.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$6.3M |
| 2 |
BlackRock
New York
|
+$2.24M |
| 3 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
+$2.23M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$780K |
| 5 |
State Street
Boston,
Massachusetts
|
+$748K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$6.03M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$4.39M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$2.71M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.28M |
| 5 |
Renaissance Technologies
New York
|
-$2.27M |
ACRE Hedge Fund Activity: Q2 2019 in Review
131 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2019, worth a combined $271M — down 8.5% from $296M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of ACRE and 18 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 47 added.
The largest buyer was Nuveen, opening a new position worth an estimated $6.3M. The largest seller was Nomura Holdings, exiting entirely with an estimated $6.03M sold.
- 131 institutional investors held Ares Commercial Real Estate (ACRE) as of Q2 2019, down from 134 in Q1 2019.
- Funds reported $271M of Ares Commercial Real Estate stock for Q2 2019, down 8.5% quarter-over-quarter.
- 18 funds opened new Ares Commercial Real Estate positions in Q2 2019 and 19 closed out, a net change of -1 holder.
- The largest Ares Commercial Real Estate buyer in Q2 2019 was Nuveen, an estimated $6.3M added.
- The largest Ares Commercial Real Estate seller in Q2 2019 was Nomura Holdings, an estimated $6.03M sold.
Based on aggregated 13F filings for Q2 2019.