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

Delphi Management’s Portfolio ACRE Stock Details ACRE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	$1.47M	Sell	96,275 -17,771	-16%	-$271K	1.42%	12
2019 Q2	$1.7M	Sell	114,046 -13,366	-10%	-$202K	1.52%	7
2019 Q1	$1.94M	Sell	127,412 -32,862	-21%	-$479K	1.79%	2
2018 Q4	$2.09M	Sell	160,274 -9,596	-6%	-$134K	1.89%	4
2018 Q3	$2.37M	Sell	169,870 -9,282	-5%	-$132K	1.52%	5
2018 Q2	$2.53M	Buy	179,152 +436	+0.2%	+$5.78K	1.56%	6
2018 Q1	$2.21M	Buy	178,716 +4,290	+2%	+$54K	1.34%	35
2017 Q4	$2.25M	Buy	174,426 +110,538	+173%	+$1.47M	1.28%	47
2017 Q3	$850K	Buy	+63,888	New	+$838K	0.48%	77

Other funds holding ACRE

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

DFG

Delphi Financial Group Wilmington, Delaware $222M AUM 11.28% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Telemus Capital Southfield, Michigan $1.21B AUM 23.28% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

Delphi Management's ACRE Position: Q3 2019 in Review

Delphi Management reduced its Ares Commercial Real Estate (ACRE) stake by 16% in Q3 2019, selling an estimated $271K and leaving 96,275 shares worth $1.47M. The position accounts for 1.42% of the portfolio, ranked #12.

Delphi Management first reported a position in ACRE in Q3 2017 and has held it in 9 quarters since. The position peaked at $2.53M in Q2 2018. 141 funds tracked by Wall St. Rank hold ACRE as of Q3 2019.

Delphi Management held 96,275 shares of Ares Commercial Real Estate worth $1.47M as of Q3 2019.
Delphi Management sold 17,771 Ares Commercial Real Estate shares in Q3 2019, an estimated $271K.
Ares Commercial Real Estate made up 1.42% of Delphi Management's portfolio in Q3 2019, its #12 holding.
Delphi Management first reported a position in Ares Commercial Real Estate in Q3 2017 and has held it in 9 quarters since.
Delphi Management's Ares Commercial Real Estate position peaked at $2.53M in Q2 2018.
141 funds tracked by Wall St. Rank held Ares Commercial Real Estate as of Q3 2019.

Based on Delphi Management's 13F filing for Q3 2019, filed 7 Oct 2019.