Ares Commercial Real Estate Corporation
US ˙ NYSE ˙ US04013V1089

SecurityACRE / Ares Commercial Real Estate Corporation
InstitutionDelphi Financial Group, Inc.
Latest Disclosed Ownership334,937 shares
Latest Disclosed Value $ 1,607,698
Delphi Financial Group, Inc. reports 55.83% increase in ownership of ACRE / Ares Commercial Real Estate Corporation

On May 13, 2026 - Delphi Financial Group, Inc. filed a 13F-HR form disclosing ownership of 334,937 shares of Ares Commercial Real Estate Corporation (US:ACRE) valued at $1,607,698 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 214,937 shares of Ares Commercial Real Estate Corporation. This represents a change in shares of 55.83% during the quarter. The current value of the position is $1,691,432 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F ARES COML REAL ESTATE COM 04013V108 334,937 120,000 55.83 1,608 56.48 0.7254
2026-02-11 2025-12-31 13F ARES COML REAL ESTATE COM 04013V108 214,937 0 0.00 1,027 5.99 0.5130
2025-11-14 2025-09-30 13F ARES COML REAL ESTATE COM 04013V108 214,937 0 0.00 969 -5.46 0.5452
2025-08-13 2025-06-30 13F ARES COML REAL ESTATE COM 04013V108 214,937 0 0.00 1,025 3.02 0.7228
2025-05-12 2025-03-31 13F ARES COML REAL ESTATE COM 04013V108 214,937 214,937 995 0.6002
2022-11-04 2022-09-30 13F ARES COML REAL ESTATE COM 04013V108 0 -1,598,922 -100.00 0 -100.00
2022-08-05 2022-06-30 13F ARES COML REAL ESTATE COM 04013V108 1,598,922 34,371 2.20 19,555 -19.47 9.1672
2022-05-05 2022-03-31 13F ARES COMMERCIAL REIT ORD COM 04013V108 1,564,551 -57,780 -3.56 24,282 2.94 8.4948
2022-02-04 2021-12-31 13F ARES COML REAL ESTAT COM 04013V108 1,622,331 26,966 1.69 23,589 -1.95 7.2032
2021-11-03 2021-09-30 13F ARES COML REAL ESTAT COM 04013V108 1,595,365 34,087 2.18 24,058 4.90 7.0814
2021-08-06 2021-06-30 13F ARES COML REAL ESTAT COM 04013V108 1,561,278 -9,508 -0.61 22,935 6.42 6.2923
2021-05-07 2021-03-31 13F ARES COMMERCIAL REIT ORD COM 04013V108 1,570,786 33,908 2.21 21,551 17.74 6.5120
2021-02-03 2020-12-31 13F ARES COMMERCIAL REIT ORD COM 04013V108 1,536,878 67,109 4.57 18,304 36.25 6.4409
2020-10-22 2020-09-30 13F ARES COMMERCIAL REIT ORD COM 04013V108 1,469,769 0 0.00 13,434 0.22 7.8640
2020-07-23 2020-06-30 13F ARES COMMERCIAL REIT ORD COM 04013V108 1,469,769 0 0.00 13,404 30.47 7.6338
2020-05-06 2020-03-31 13F ARES COMMERCIAL REIT ORD COM 04013V108 1,469,769 0 0.00 10,274 -55.87 4.9781
2020-02-07 2019-12-31 13F ARES COMMERCIAL REIT ORD COM 04013V108 1,469,769 0 0.00 23,281 4.01 6.8426
2019-11-05 2019-09-30 13F ARES COML REAL ESTAT COM 04013V108 1,469,769 0 0.00 22,384 2.49 7.6231
2019-08-12 2019-06-30 13F ARES COML REAL ESTAT COM 04013V108 1,469,769 0 0.00 21,841 -2.17 8.1189
2019-05-08 2019-03-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 22,326 16.58 8.4510
2019-02-14 2018-12-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 19,151 -6.73 9.4947
2018-11-13 2018-09-30 13F ARES COMMERCIAL REAL ESTATE COM 04013V108 1,469,769 0 0.00 20,532 1.16 7.9647
2018-08-03 2018-06-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 20,297 11.82 7.6336
2018-05-07 2018-03-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 18,152 -4.34 8.2390
2018-01-30 2017-12-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 18,975 -2.93 9.2889
2017-11-09 2017-09-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 19,548 1.61 8.9496
2017-08-14 2017-06-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 19,239 -1.80 6.9245
2017-04-26 2017-03-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 19,592 -2.91 6.5317
2017-01-25 2016-12-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 20,180 9.14 6.5344
2016-11-14 2016-09-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 18,490 2.36 5.9828
2016-07-22 2016-06-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 18,063 12.23 4.6560
2016-04-22 2016-03-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 16,094 -4.20 4.8010
2016-01-21 2015-12-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 16,799 -4.43 4.7126
2015-10-29 2015-09-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 17,578 5.00 4.6334
2015-07-17 2015-06-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 16,741 3.26 3.9080
2015-05-13 2015-03-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 16,212 -3.83 3.7257
2015-02-12 2014-12-31 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 0 0.00 16,858 -1.89 4.4432
2014-11-14 2014-09-30 13F ARES COML REAL ESTATE COM 04013V108 1,469,769 356,519 32.03 17,182 24.47 4.3347
2014-07-16 2014-06-30 13F ARES COML REAL ESTATE COM 04013V108 1,113,250 0 0.00 13,804 -7.39 5.0720
2014-04-15 2014-03-31 13F ARES COML REAL ESTATE COM 04013V108 1,113,250 735,411 194.64 14,906 201.13 5.9107
2014-01-17 2013-12-31 13F ARES COML REAL ESTATE COM 04013V108 377,839 377,839 4,950 2.6518
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.