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

Silver Capital 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
2014 Q4	–	Sell	-248,547	Closed	-$2.75M	–	43
2014 Q3	$2.75M	Sell	248,547 -10,167	-4%	-$126K	2.77%	13
2014 Q2	$3.21M	Sell	258,714 -121,658	-32%	-$1.54M	3.06%	12
2014 Q1	$5.1M	Sell	380,372 -1,800	-0.5%	-$24.1K	4.59%	7
2013 Q4	$5.01M	Sell	382,172 -4,560	-1%	-$58.6K	4.44%	7
2013 Q3	$4.81M	Buy	386,732 +132,118	+52%	+$1.69M	4.12%	8
2013 Q2	$3.26M	Buy	+254,614	New	+$4.1M	3.09%	14

Other funds holding ACRE

RIM

RS Investment Management San Francisco, California $9.73B AUM 3.24% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

DFG

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

BFA

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

BIT

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

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

FCM

Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return

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

MCP

Moab Capital Partners Southampton, New York $41M AUM 33.21% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

Silver Capital Management's ACRE Position: Q4 2014 in Review

Silver Capital Management sold out of Ares Commercial Real Estate (ACRE) in Q4 2014, closing a stake of 248,547 shares — an estimated $2.75M sold.

Silver Capital Management first reported a position in ACRE in Q2 2013 and held it in 6 quarters. The position peaked at $5.1M in Q1 2014. 79 funds tracked by Wall St. Rank hold ACRE as of Q4 2014.

Silver Capital Management reported no remaining Ares Commercial Real Estate position as of Q4 2014 after selling out during the quarter.
Silver Capital Management sold 248,547 Ares Commercial Real Estate shares in Q4 2014, an estimated $2.75M.
Silver Capital Management first reported a position in Ares Commercial Real Estate in Q2 2013 and held it in 6 quarters.
Silver Capital Management's Ares Commercial Real Estate position peaked at $5.1M in Q1 2014.
79 funds tracked by Wall St. Rank held Ares Commercial Real Estate as of Q4 2014.

Based on Silver Capital Management's 13F filing for Q4 2014, filed 29 Jan 2015.