Ares Management’s Ares Commercial Real Estate ACRE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-21,415	Closed	-$326K	–	54
2019 Q3	$326K	Hold	21,415	–	–	0.02%	46
2019 Q2	$318K	Sell	21,415 -482	-2%	-$7.28K	0.02%	42
2019 Q1	$333K	Sell	21,897 -248	-1%	-$3.61K	0.02%	52
2018 Q4	$289K	Sell	22,145 -1,699	-7%	-$23.8K	0.02%	63
2018 Q3	$333K	Sell	23,844 -1,083	-4%	-$15.4K	0.02%	51
2018 Q2	$344K	Sell	24,927 -6,237	-20%	-$82.7K	0.01%	46
2018 Q1	$385K	Buy	31,164 +5,666	+22%	+$71.3K	0.01%	47
2017 Q4	$329K	Sell	25,498 -5,843	-19%	-$77.7K	0.01%	59
2017 Q3	$417K	Buy	31,341 +1,955	+7%	+$25.6K	0.01%	55
2017 Q2	$384K	Buy	29,386 +1,008	+4%	+$13.5K	0.01%	52
2017 Q1	$380K	Buy	28,378 +9,912	+54%	+$134K	0.02%	49
2016 Q4	$254K	Buy	18,466 +104	+0.6%	+$1.38K	0.01%	49
2016 Q3	$231K	Buy	+18,362	New	+$231K	0.01%	48
2013 Q4	–	Sell	-500,000	Closed	-$6.21M	–	8
2013 Q3	$6.21M	Hold	500,000	–	–	0.89%	8
2013 Q2	$6.41M	Buy	+500,000	New	+$8.05M	0.86%	9