Telemus Capital’s Ares Commercial Real Estate ACRE Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-693,283	Closed	-$11M	–	374
2019 Q4	$11M	Buy	693,283 +498	+0.1%	+$7.72K	0.85%	27
2019 Q3	$10.6M	Sell	692,785 -7,190	-1%	-$110K	0.85%	26
2019 Q2	$10.4M	Buy	699,975 +10,608	+2%	+$160K	0.93%	27
2019 Q1	$10.5M	Buy	689,367 +48,115	+8%	+$701K	0.79%	26
2018 Q4	$8.36M	Buy	641,252 +23,935	+4%	+$335K	0.68%	31
2018 Q3	$8.62M	Buy	617,317 +34,322	+6%	+$487K	0.64%	32
2018 Q2	$8.05M	Buy	582,995 +28,870	+5%	+$383K	0.62%	30
2018 Q1	$6.84M	Buy	554,125 +34,275	+7%	+$431K	0.55%	38
2017 Q4	$6.71M	Buy	519,850 +48,253	+10%	+$641K	0.52%	37
2017 Q3	$6.28M	Buy	471,597 +41,067	+10%	+$538K	0.71%	25
2017 Q2	$5.64M	Buy	430,530 +26,035	+6%	+$349K	0.57%	34
2017 Q1	$5.41M	Buy	404,495 +121,009	+43%	+$1.63M	0.56%	31
2016 Q4	$3.89M	Buy	283,486 +62,161	+28%	+$826K	0.53%	46
2016 Q3	$2.79M	Buy	221,325 +91,589	+71%	+$1.15M	0.31%	65
2016 Q2	$1.59M	Buy	129,736 +42,061	+48%	+$496K	0.2%	103
2016 Q1	$960K	Buy	+87,675	New	+$913K	0.16%	124