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ACRE

Ares Commercial Real Estate

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, 45 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

4% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 45

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 134131 (-3)

4.55% less ownership

Funds ownership: 67.62%63.08% (-4.5%)

8% less capital invested

Capital invested by funds: $296M → $271M (-$24.8M)

Holders
131
Holders Change
-3
Holders Change %
-2.24%
% of All Funds
2.85%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
18
Increased
47
Reduced
45
Closed
19
Calls
$444K
Puts
Net Calls
+$444K
Net Calls Change
-$114K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$42.5M +$2.24M +147,959 +5%
DFG
2
Delphi Financial Group
Delaware
$21.8M
Vanguard Group
3
Vanguard Group
Pennsylvania
$19.9M +$316K +20,904 +2%
Acadian Asset Management
4
Acadian Asset Management
Massachusetts
$15.5M -$1.22M -80,881 -7%
Boston Partners
5
Boston Partners
Massachusetts
$13.8M -$422K -27,917 -3%
State Street
6
State Street
Massachusetts
$11.7M +$748K +49,524 +7%
TC
7
Telemus Capital
Michigan
$10.4M +$160K +10,608 +2%
Millennium Management
8
Millennium Management
New York
$7.8M +$346K +22,872 +5%
N
9
Nuveen
North Carolina
$6.19M +$6.3M +416,826 New
Morgan Stanley
10
Morgan Stanley
New York
$5.53M -$686K -45,387 -11%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$5.26M +$531K +35,180 +11%
Northern Trust
12
Northern Trust
Illinois
$4.81M +$205K +13,573 +4%
LSV Asset Management
13
LSV Asset Management
Illinois
$4.76M +$780K +51,598 +19%
YMRC
14
Yorktown Management & Research Company
Virginia
$3.94M
Wells Fargo
15
Wells Fargo
California
$3.92M -$37.3K -2,471 -0.9%
Bank of America
16
Bank of America
North Carolina
$3.81M -$838K -55,496 -18%
GIM
17
Greenwich Investment Management
Connecticut
$3.54M +$2.23M +147,318 +161%
RA
18
Resource America
New York
$3.5M
Two Sigma Investments
19
Two Sigma Investments
New York
$2.97M -$388K -25,675 -11%
Invesco
20
Invesco
Georgia
$2.92M -$87.2K -5,769 -3%
ACM
21
Advisors Capital Management
New Jersey
$2.9M +$57.1K +3,778 +2%
Grantham, Mayo, Van Otterloo & Co (GMO)
22
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$2.76M +$393K +26,000 +16%
Marshall Wace
23
Marshall Wace
United Kingdom
$2.74M -$2.71M -179,311 -49%
PPA
24
Parametric Portfolio Associates
Washington
$2.72M -$739K -48,943 -21%
MAM
25
Martingale Asset Management
Massachusetts
$2.59M -$1.4M -92,852 -35%

ACRE Hedge Fund Activity: Q2 2019 in Review

131 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q2 2019, worth a combined $271M — down 8.4% 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 45 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 8.4% 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.