Yorktown Management & Research Company’s Ares Commercial Real Estate ACRE Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2020 Q2	–	Sell	-19,000	Closed	-$133K	–	254
2020 Q1	$133K	Hold	19,000	–	–	0.13%	235
2019 Q4	$301K	Hold	19,000	–	–	0.16%	186
2019 Q3	$289K	Sell	19,000 -246,000	-93%	-$3.74M	0.16%	181
2019 Q2	$3.94M	Hold	265,000	–	–	1.49%	10
2019 Q1	$4.03M	Buy	265,000 +35,000	+15%	+$532K	1.3%	13
2018 Q4	$3M	Hold	230,000	–	–	0.99%	16
2018 Q3	$3.21M	Hold	230,000	–	–	0.94%	16
2018 Q2	$3.18M	Hold	230,000	–	–	0.92%	18
2018 Q1	$2.84M	Hold	230,000	–	–	0.84%	21
2017 Q4	$2.97M	Hold	230,000	–	–	0.86%	21
2017 Q3	$3.06M	Hold	230,000	–	–	0.8%	21
2017 Q2	$3.01M	Buy	+230,000	New	+$3.01M	0.96%	21
2016 Q4	–	Sell	-60,000	Closed	-$756K	–	364
2016 Q3	$756K	Buy	60,000 +5,000	+9%	+$63K	0.16%	81
2016 Q2	$676K	Buy	55,000 +25,000	+83%	+$307K	0.15%	93
2016 Q1	$329K	Hold	30,000	–	–	0.06%	180
2015 Q4	$343K	Buy	+30,000	New	+$343K	0.06%	207
2015 Q3	–	Sell	-10,000	Closed	-$114K	–	453
2015 Q2	$114K	Hold	10,000	–	–	0.02%	469
2015 Q1	$111K	Buy	+10,000	New	+$111K	0.02%	469