Foundry Partners’s Apollo Commercial Real Estate ARI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q2	–	Sell	-389,327	Closed	-$2.89M	–	387
2020 Q1	$2.89M	Sell	389,327 -383,647	-50%	-$5.99M	0.16%	175
2019 Q4	$14.1M	Buy	772,974 +32,976	+4%	+$609K	0.53%	56
2019 Q3	$14.2M	Sell	739,998 -139,021	-16%	-$2.62M	0.59%	50
2019 Q2	$16.2M	Buy	879,019 +86,885	+11%	+$1.62M	0.64%	42
2019 Q1	$14.4M	Buy	792,134 +65,233	+9%	+$1.17M	0.58%	47
2018 Q4	$12.1M	Buy	726,901 +102,221	+16%	+$1.89M	0.54%	51
2018 Q3	$11.8M	Buy	624,680 +15,075	+2%	+$288K	0.45%	64
2018 Q2	$11.1M	Buy	609,605 +330,218	+118%	+$6.05M	0.46%	62
2018 Q1	$5.02M	Buy	279,387 +48,846	+21%	+$894K	0.21%	174
2017 Q4	$4.25M	Buy	230,541 +7,339	+3%	+$135K	0.18%	200
2017 Q3	$4.04M	Buy	223,202 +15,515	+7%	+$281K	0.16%	226
2017 Q2	$3.85M	Buy	207,687 +12,494	+6%	+$234K	0.16%	224
2017 Q1	$3.67M	Buy	195,193 +28,223	+17%	+$501K	0.15%	240
2016 Q4	$2.77M	Hold	166,970	–	–	0.12%	275
2016 Q3	$2.73M	Buy	+166,970	New	+$2.74M	0.14%	219