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ACRE

Ares Commercial Real Estate

112 hedge funds and large institutions have $168M invested in Ares Commercial Real Estate in 2020 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 43 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

352% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $345K

13% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 16

2% more funds holding

Funds holding: 110112 (+2)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2.67% less ownership

Funds ownership: 58.41%55.73% (-2.7%)

6% less capital invested

Capital invested by funds: $178M → $168M (-$10.3M)

47% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 43

Holders
112
Holders Change
+2
Holders Change %
+1.82%
% of All Funds
2.26%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
18
Increased
23
Reduced
43
Closed
16
Calls
$1.56M
Puts
$345K
Net Calls
+$1.22M
Net Calls Change
+$772K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$28.7M +$532K +56,740 +2%
SCP
2
Steamboat Capital Partners
New York
$15.1M -$203K -21,613 -1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$14.5M -$85.3K -9,107 -0.6%
DFG
4
Delphi Financial Group
Delaware
$13.4M
Boston Partners
5
Boston Partners
Massachusetts
$8.3M -$323K -34,456 -4%
State Street
6
State Street
Massachusetts
$7.9M -$501K -53,432 -6%
SGCIA
7
Smith Graham & Co Investment Advisors
Texas
$7.17M +$7.36M +785,034 New
Mirae Asset Global Investments
8
Mirae Asset Global Investments
South Korea
$5.69M +$213K +22,712 +4%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$4.21M +$46.4K +4,952 +1%
JP Morgan Chase
10
JP Morgan Chase
New York
$3.32M +$2.81M +300,322 +466%
Northern Trust
11
Northern Trust
Illinois
$3.24M -$275K -29,321 -8%
Two Sigma Advisers
12
Two Sigma Advisers
New York
$3.04M -$744K -79,343 -19%
LSV Asset Management
13
LSV Asset Management
Illinois
$2.96M +$92.8K +9,900 +3%
Goldman Sachs
14
Goldman Sachs
New York
$2.76M -$1.5M -160,275 -35%
Wells Fargo
15
Wells Fargo
California
$2.34M -$387K -41,261 -14%
RVPG
16
Relative Value Partners Group
$2.29M +$712K +75,995 +43%
KCM
17
Kennedy Capital Management
Missouri
$2.26M -$52.8K -5,638 -2%
State of New Jersey Common Pension Fund D
18
State of New Jersey Common Pension Fund D
New Jersey
$2.07M -$532K -56,750 -20%
GIM
19
Greenwich Investment Management
Connecticut
$2.04M +$11.8K +1,255 +0.6%
CS
20
Credit Suisse
Switzerland
$1.65M +$36K +3,840 +2%
AAM
21
Advisors Asset Management
Colorado
$1.62M +$1.66M +177,250 New
WG
22
Winton Group
United Kingdom
$1.45M -$1.91M -203,738 -56%
N
23
Nuveen
North Carolina
$1.43M -$889K -94,915 -38%
Renaissance Technologies
24
Renaissance Technologies
New York
$1.39M +$1.04M +110,500 +266%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$1.37M -$35.9K -3,827 -2%

ACRE Hedge Fund Activity: Q3 2020 in Review

112 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2020, worth a combined $168M — down 5.8% from $178M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ACRE positions and 16 closed out — a net gain of 2 holders — while 23 added to existing stakes and 43 trimmed.

The largest buyer was Smith Graham & Co Investment Advisors, opening a new position worth an estimated $7.36M. The largest seller was Callodine Capital Management, exiting entirely with an estimated $4.56M sold.

  • 112 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2020, up from 110 in Q2 2020.
  • Funds reported $168M of Ares Commercial Real Estate stock for Q3 2020, down 5.8% quarter-over-quarter.
  • 18 funds opened new Ares Commercial Real Estate positions in Q3 2020 and 16 closed out, a net change of +2 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2020 was Smith Graham & Co Investment Advisors, an estimated $7.36M added.
  • The largest Ares Commercial Real Estate seller in Q3 2020 was Callodine Capital Management, an estimated $4.56M sold.

Based on aggregated 13F filings for Q3 2020.