ACRE ranks #3759 out of 37501 tracked stocks by institutional interest, inside the more closely watched half of our coverage.
ACRE is a top-conviction position for North Ground Capital — at 6.7% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ACRE belongs to BlackRock, Inc., but the position matters far more to North Ground Capital, who has 6.7% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Lighthouse Investment Partners, LLC has added to its ACRE position for two straight quarters, increasing it by $5.7M to reach $7.0M today.
BI Asset Management Fondsmaeglerselskab A/S has trimmed its ACRE position for two straight quarters, cutting it by $2.2M while still holding $489.0K.
ACRE is up 1.8% today, and institutions have been net buyers of $5.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.