Dialectic Capital Management’s Apollo Commercial Real Estate ARI Stock Holding History

Dialectic Capital Management’s Portfolio ARI Stock Details ARI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-35,000	Closed	-$603K	–	100
2015 Q4	$603K	Sell	35,000 -62,330	-64%	-$1.06M	0.17%	110
2015 Q3	$1.49M	Buy	97,330 +4,830	+5%	+$80.4K	0.49%	60
2015 Q2	$1.52M	Sell	92,500 -46,500	-33%	-$799K	0.45%	72
2015 Q1	$2.39M	Buy	139,000 +79,000	+132%	+$1.33M	0.42%	70
2014 Q4	$981K	Buy	60,000 +25,000	+71%	+$410K	0.19%	161
2014 Q3	$550K	Buy	+35,000	New	+$579K	0.13%	146
2013 Q4	–	Sell	-67,900	Closed	-$1.04M	–	148
2013 Q3	$1.04M	Buy	67,900 +2,900	+4%	+$45.2K	0.24%	118
2013 Q2	$1.03M	Buy	+65,000	New	+$1.12M	0.15%	130

Other funds holding ARI

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Fuller & Thaler Asset Management San Mateo, California $36.7B AUM 74.15% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

SOMRS

State of Michigan Retirement System Lansing, Michigan $22.6B AUM 40.24% 1-Year Est. Return

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

LSV Asset Management Chicago, Illinois $55.1B AUM 45.38% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

OppenheimerFunds New York $80.4B AUM 15.1% 1-Year Est. Return

Blackstone Inc New York $32.9B AUM 23.66% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Dialectic Capital Management's ARI Position: Q1 2016 in Review

Dialectic Capital Management sold out of Apollo Commercial Real Estate (ARI) in Q1 2016, closing a stake of 35,000 shares — an estimated $603K sold.

Dialectic Capital Management first reported a position in ARI in Q2 2013 and held it in 8 quarters. The position peaked at $2.39M in Q1 2015. 170 funds tracked by Wall St. Rank hold ARI as of Q1 2016.

Dialectic Capital Management reported no remaining Apollo Commercial Real Estate position as of Q1 2016 after selling out during the quarter.
Dialectic Capital Management sold 35,000 Apollo Commercial Real Estate shares in Q1 2016, an estimated $603K.
Dialectic Capital Management first reported a position in Apollo Commercial Real Estate in Q2 2013 and held it in 8 quarters.
Dialectic Capital Management's Apollo Commercial Real Estate position peaked at $2.39M in Q1 2015.
170 funds tracked by Wall St. Rank held Apollo Commercial Real Estate as of Q1 2016.

Based on Dialectic Capital Management's 13F filing for Q1 2016, filed 16 May 2016.