Municipal Employees' Retirement System of Michigan’s Ares Commercial Real Estate ACRE Stock Holding History

Municipal Employees' Retirement System of Michigan’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
2020 Q2	–	Sell	-27,650	Closed	-$193K	–	265
2020 Q1	$193K	Hold	27,650	–	–	0.01%	1183
2019 Q4	$438K	Hold	27,650	–	–	0.01%	1024
2019 Q3	$421K	Hold	27,650	–	–	0.02%	1003
2019 Q2	$411K	Sell	27,650 -23,390	-46%	-$353K	0.03%	1070
2019 Q1	$775K	Hold	51,040	–	–	0.05%	545
2018 Q4	$666K	Buy	+51,040	New	+$714K	0.04%	706
2018 Q2	$933K	Hold	67,570	–	–	0.05%	571
2018 Q1	$834K	Hold	67,570	–	–	0.04%	774
2017 Q4	$872K	Buy	67,570 +16,750	+33%	+$223K	0.04%	748
2017 Q3	$676K	Hold	50,820	–	–	0.04%	894
2017 Q2	$665K	Buy	50,820 +13,020	+34%	+$175K	0.03%	844
2017 Q1	$506K	Hold	37,800	–	–	0.02%	1010
2016 Q4	$519K	Hold	37,800	–	–	0.03%	994
2016 Q3	$476K	Hold	37,800	–	–	0.02%	1002
2016 Q2	$474K	Hold	37,800	–	–	0.03%	965
2016 Q1	$424K	Hold	37,800	–	–	0.03%	951
2015 Q4	$442K	Buy	+37,800	New	+$468K	0.03%	856

Other funds holding ACRE

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

SCP

Steamboat Capital Partners Rye, New York $403M AUM 43.57% 1-Year Est. Return

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

DFG

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

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

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

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

Mirae Asset Global Investments Seoul, South Korea $67.7B AUM 51.91% 1-Year Est. Return

CCM

Callodine Capital Management Boston, Massachusetts $1.43B AUM 8.74% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's ACRE Position: Q2 2020 in Review

Municipal Employees' Retirement System of Michigan sold out of Ares Commercial Real Estate (ACRE) in Q2 2020, closing a stake of 27,650 shares — an estimated $193K sold.

Municipal Employees' Retirement System of Michigan first reported a position in ACRE in Q4 2015 and held it in 17 quarters. The position peaked at $933K in Q2 2018. 110 funds tracked by Wall St. Rank hold ACRE as of Q2 2020.

Municipal Employees' Retirement System of Michigan reported no remaining Ares Commercial Real Estate position as of Q2 2020 after selling out during the quarter.
Municipal Employees' Retirement System of Michigan sold 27,650 Ares Commercial Real Estate shares in Q2 2020, an estimated $193K.
Municipal Employees' Retirement System of Michigan first reported a position in Ares Commercial Real Estate in Q4 2015 and held it in 17 quarters.
Municipal Employees' Retirement System of Michigan's Ares Commercial Real Estate position peaked at $933K in Q2 2018.
110 funds tracked by Wall St. Rank held Ares Commercial Real Estate as of Q2 2020.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.