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ACRE

Ares Commercial Real Estate

139 hedge funds and large institutions have $204M invested in Ares Commercial Real Estate in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 46 increasing their positions, 48 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more call options, than puts

Call options by funds: $2.52M | Put options by funds: $1.38M

46% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 13

3% more funds holding

Funds holding: 135139 (+4)

1.3% more ownership

Funds ownership: 38.09%39.39% (+1.3%)

4% less capital invested

Capital invested by funds: $212M → $204M (-$8.27M)

4% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 48

Holders
139
Holders Change
+4
Holders Change %
+2.96%
% of All Funds
2.21%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
19
Increased
46
Reduced
48
Closed
13
Calls
$2.52M
Puts
$1.38M
Net Calls
+$1.14M
Net Calls Change
-$522K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$44.2M -$590K -57,297 -1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$25.1M -$1.19M -115,652 -4%
State Street
3
State Street
Massachusetts
$12M +$22.8K +2,217 +0.2%
Geode Capital Management
4
Geode Capital Management
Massachusetts
$10.7M +$346K +33,661 +3%
Millennium Management
5
Millennium Management
New York
$10.1M +$1.03M +100,124 +10%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$9.75M
Mirae Asset Global Investments
7
Mirae Asset Global Investments
South Korea
$7.16M -$266K -25,876 -3%
AWA
8
Arete Wealth Advisors
Illinois
$5.91M +$10.2K +992 +0.2%
SGCIA
9
Smith Graham & Co Investment Advisors
Texas
$5.81M -$57.9K -5,630 -0.9%
Northern Trust
10
Northern Trust
Illinois
$5.04M +$303K +29,487 +6%
RVPG
11
Relative Value Partners Group
$3.9M +$52K +5,053 +1%
VanEck Associates
12
VanEck Associates
New York
$3.67M +$207K +20,087 +6%
Morgan Stanley
13
Morgan Stanley
New York
$2.84M -$9.58K -931 -0.3%
AI
14
AXS Investments
New York
$2.47M +$2.67M +259,910 New
GIM
15
Greenwich Investment Management
Connecticut
$2.36M -$104K -10,085 -4%
Balyasny Asset Management
16
Balyasny Asset Management
Illinois
$2.24M +$1.61M +156,671 +201%
Bank of America
17
Bank of America
North Carolina
$1.84M +$223K +21,706 +13%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$1.82M -$7.51K -730 -0.4%
MIM
19
Merrion Investment Management
New Jersey
$1.74M -$162K -15,700 -8%
BAMF
20
BI Asset Management Fondsmaeglerselskab
Denmark
$1.46M +$382K +37,110 +32%
Victory Capital Management
21
Victory Capital Management
Texas
$1.46M -$59.9K -5,820 -4%
AAM
22
Advisors Asset Management
Colorado
$1.4M -$17.3K -1,677 -1%
Two Sigma Investments
23
Two Sigma Investments
New York
$1.39M +$1.5M +145,591 New
Charles Schwab
24
Charles Schwab
California
$1.36M
Invesco
25
Invesco
Georgia
$1.31M +$109K +10,587 +8%

ACRE Hedge Fund Activity: Q3 2023 in Review

139 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2023, worth a combined $204M — down 3.9% from $212M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new ACRE positions and 13 closed out — a net gain of 6 holders — while 46 added to existing stakes and 48 trimmed.

The largest buyer was AXS Investments, opening a new position worth an estimated $2.67M. The largest seller was JP Morgan Chase, cutting an estimated $1.2M.

  • 139 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2023, up from 135 in Q2 2023.
  • Funds reported $204M of Ares Commercial Real Estate stock for Q3 2023, down 3.9% quarter-over-quarter.
  • 19 funds opened new Ares Commercial Real Estate positions in Q3 2023 and 13 closed out, a net change of +6 holders.
  • The largest Ares Commercial Real Estate buyer in Q3 2023 was AXS Investments, an estimated $2.67M added.
  • The largest Ares Commercial Real Estate seller in Q3 2023 was JP Morgan Chase, an estimated $1.2M sold.

Based on aggregated 13F filings for Q3 2023.