Ares Commercial Real Estate Corp: which funds bought and sold

Institutions that bought and sold Ares Commercial Real Estate shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 67 institutions that filed 13F reports for both quarters added to or opened positions in Ares Commercial Real Estate, and 62 cut or closed them. Together they added a net 551K shares, +2.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 648K shares (+17.4%); index fund managers were net buyers of 405K shares (+3.7%). 18 opened a new position and 13 sold out entirely.

Bought, Q2 2026 67 institutions, 18 of them new holders Sold, Q2 2026 62 institutions, 13 of them sold out

Net change, all compared +551K shares (+2.2%)

Net change, active managers +648K shares (+17.4%), 8 bought, 5 sold

Buyers versus sellers

institutions compared, 152

67 bought 23 62 sold

Active managers and hedge funds 8 bought · 5 sold · +648K

Index fund managers 8 bought · 1 sold · +405K

Other institutions 51 bought · 56 sold · −502K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Lighthouse Investment Partners, LLC Hedge fund	+541K +52.9%	1.6M	$7M
Ardent Capital Management, Inc.	+218K New position	218K	$981,400
Blackrock, Inc. Index funds	+158K +3.5%	4.7M	$21M
Almitas Capital LLC	+130K +254.8%	181K	$814,293
North Ground Capital	+112K +10.0%	1.2M	$5.5M
Hotchkis & Wiley Capital Management LLC Active manager	+101K +8.0%	1.4M	$6.1M
Victory Capital Management Inc Active manager	+97K +53.6%	278K	$1.3M
Mai Capital Management	+92K +88510.6%	92K	$428,512
Vanguard Capital Management LLC Index funds	+89K +3.8%	2.4M	$10.9M
Morgan Stanley	+85K +29.5%	372K	$1.7M
Atom Investors LP	+79K New position	79K	$357,372
Knightsbridge Asset Management, LLC	+67K +83.6%	148K	$690,709
Gratia Capital, LLC	+55K New position	55K	$247,752
Geode Capital Management, LLC Index funds	+51K +3.7%	1.4M	$6.5M
Xtx Topco Ltd	+50K New position	50K	$224,438
Vanguard Portfolio Management LLC Index funds	+49K +12.3%	443K	$2M
Cambridge Investment Research Advisors, Inc.	+46K +74.9%	108K	$486,000
Quantinno Capital Management LP	+46K +27.3%	214K	$962,360
Janney Montgomery Scott LLC	+44K New position	44K	$198,000
State Street Corp Index funds	+41K +3.6%	1.2M	$5.6M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Lighthouse Investment Partners, LLC Hedge fund	+541K +52.9%	1.6M	$7M
Hotchkis & Wiley Capital Management LLC Active manager	+101K +8.0%	1.4M	$6.1M
Victory Capital Management Inc Active manager	+97K +53.6%	278K	$1.3M
AQR Capital Management LLC Hedge fund	+35K +16.1%	252K	$1.1M
Los Angeles Capital Management LLC Active manager	+33K New position	33K	$149,670
FMR LLC Active manager	+1,660 +27.0%	7,816	$35,174
Graham Capital Management, L.P. Hedge fund	+469 +1.1%	41K	$186,656
Franklin Resources Inc Active manager	+151 +0.8%	20K	$89,001

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Bi Asset Management Fondsmaeglerselskab A/S	−414K −79.2%	109K	$489,000
Evoke Wealth, LLC	−232K Sold out	0	—
UBS Group AG	−220K −62.0%	135K	$605,705
Alpine Global Management, LLC	−166K −25.4%	487K	$2.2M
Gsa Capital Partners LLP	−134K −77.4%	39K	$176,000
Jpmorgan Chase & Co	−97K −28.5%	243K	$1.1M
Canton Hathaway, LLC	−89K Sold out	0	—
Goldman Sachs Group Inc	−84K −29.0%	205K	$921,290
Acadian Asset Management LLC Active manager	−79K Sold out	0	—
Van Eck Associates Corp	−75K −11.2%	600K	$2.7M
Two Sigma Investments, LP Hedge fund	−75K −29.6%	177K	$798,345
First National Trust Co	−40K Sold out	0	—
Sei Investments Co	−40K −47.0%	45K	$201,582
Vident Advisory, LLC	−32K Sold out	0	—
Samalin Investment Counsel, LLC	−29K −26.1%	82K	$369,096
State Of Wyoming	−28K −68.3%	13K	$58,972
Castleview Partners, LLC	−25K Sold out	0	—
Lido Advisors, LLC	−23K Sold out	0	—
Barclays PLC	−23K −73.2%	8,477	$38,148
Jane Street Group, LLC	−22K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Acadian Asset Management LLC Active manager	−79K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−75K −29.6%	177K	$798,345
Alliancebernstein L.P. Active manager	−4,900 −6.9%	66K	$316,800
Intech Investment Management LLC Active manager	−1,548 −11.2%	12K	$54,977
Neuberger Berman Group LLC Active manager	−449 −4.2%	10K	$45,702

New positions

largest by value

Institution	Shares	Value June 30, 2026
Ardent Capital Management, Inc.	218K	$981,400
Atom Investors LP	79K	$357,372
Gratia Capital, LLC	55K	$247,752
Xtx Topco Ltd	50K	$224,438
Janney Montgomery Scott LLC	44K	$198,000
Los Angeles Capital Management LLCActive manager	33K	$149,670
Corient Private Wealth LP	31K	$141,236
Virtu Financial LLC	26K	$115,000
Attessa Capital LLC	17K	$76,500
Westbourne Investments, Inc.	15K	$67,500

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Evoke Wealth, LLC	232K	$1.2M
Canton Hathaway, LLC	89K	$426,792
Acadian Asset Management LLCActive manager	79K	$379,000
First National Trust Co	40K	$191,251
Vident Advisory, LLC	32K	$151,738
Castleview Partners, LLC	25K	$119,117
Lido Advisors, LLC	23K	$115,875
Jane Street Group, LLC	22K	$107,117
Joel Isaacson & Co., LLC	21K	$100,068
Hightower Advisors, LLC	11K	$50,827

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 142
Ten largest holders: 63.4%
Index fund managers: 45.1%
Active managers and hedge funds: 17.3%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	8	5	1	1	+648K	+17.4%
Index fund managers	8	1	0	0	+405K	+3.7%
Other institutions	51	56	17	12	−502K	−5.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Ares Commercial Real Estate.

Only managers that filed a holdings report for both quarters are compared (152 here). 7 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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