Ares Commercial Real Estate Corporation
US ˙ NYSE ˙ US04013V1089

SecurityACRE / Ares Commercial Real Estate Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership287,589 shares
Latest Disclosed Value $ 1,380,430
Morgan Stanley reports 9.92% decrease in ownership of ACRE / Ares Commercial Real Estate Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 287,589 shares of Ares Commercial Real Estate Corporation (US:ACRE) valued at $1,380,427 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 319,254 shares of Ares Commercial Real Estate Corporation. This represents a change in shares of -9.92% during the quarter. The current value of the position is $1,452,324 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)
2026-05-15 2026-03-31 13F ARES COML REAL ESTATE COM 04013V108 287,589 -31,665 -9.92 1,380 -9.57 0.0001
2026-05-27 2025-12-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 319,254 46,415 17.01 1,526 24.07 0.0001
2026-02-13 2025-12-31 13F ARES COML REAL ESTATE COM 04013V108 319,254 46,415 1,526 0.0001
2026-05-27 2025-09-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 272,839 -19,097 -6.54 1,231 -11.64 0.0001
2025-11-14 2025-09-30 13F ARES COML REAL ESTATE COM 04013V108 272,839 -19,097 1,231 0.0001
2025-08-15 2025-06-30 13F ARES COML REAL ESTATE COM 04013V108 291,936 63,804 27.97 1,393 31.82 0.0001
2025-05-15 2025-03-31 13F ARES COML REAL ESTATE COM 04013V108 228,132 -227,997 -49.99 1,056 -60.69 0.0001
2025-05-15 2024-12-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 456,129 95,807 26.59 2,687 6.50 0.0002
2025-02-14 2024-12-31 13F ARES COML REAL ESTATE COM 04013V108 456,129 95,807 2,687 0.0002
2025-05-14 2024-09-30 13F/A-2 ARES COML REAL ESTATE COM 04013V108 360,322 66,169 22.49 2,522 28.94 0.0002
2025-02-14 2024-09-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 360,322 66,169 2,522 0.0002
2024-11-14 2024-09-30 13F ARES COML REAL ESTATE COM 04013V108 360,322 66,169 2,522 0.0000
2025-05-14 2024-06-30 13F/A-2 ARES COML REAL ESTATE COM 04013V108 294,153 -22,896 -7.22 1,956 -17.19 0.0002
2024-10-17 2024-06-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 294,153 -22,896 1,956 0.0002
2024-08-14 2024-06-30 13F ARES COML REAL ESTATE COM 04013V108 294,153 -22,896 1,956 0.0002
2024-10-17 2024-03-31 13F/A-2 ARES COML REAL ESTATE COM 04013V108 317,049 -65,580 -17.14 2,362 -40.41 0.0002
2024-08-16 2024-03-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 317,049 -65,580 2,362 0.0000
2024-05-15 2024-03-31 13F ARES COML REAL ESTATE COM 04013V108 317,049 -65,580 2,362 0.0002
2024-08-16 2023-12-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 382,629 84,065 28.16 3,964 39.48 0.0003
2024-02-13 2023-12-31 13F ARES COML REAL ESTATE COM 04013V108 382,629 84,065 3,964 0.0003
2023-11-15 2023-09-30 13F ARES COML REAL ESTATE COM 04013V108 298,564 -931 -0.31 2,842 -6.48 0.0003
2023-08-14 2023-06-30 13F ARES COML REAL ESTATE COM 04013V108 299,495 -36,768 -10.93 3,040 -0.56 0.0003
2023-05-15 2023-03-31 13F ARES COML REAL ESTATE COM 04013V108 336,263 63,341 23.21 3,057 8.83 0.0003
2023-02-14 2022-12-31 13F ARES COML REAL ESTATE COM 04013V108 272,922 -218,907 -44.51 2,808 -45.36 0.0003
2022-11-14 2022-09-30 13F ARES COML REAL ESTATE COM 04013V108 491,829 -63,638 -11.46 5,139 -24.35 0.0007
2022-10-27 2022-06-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 555,467 99,896 21.93 6,793 -3.90 0.0009
2022-08-15 2022-06-30 13F ARES COML REAL ESTATE COM 04013V108 555,467 99,896 6,793 0.0002
2022-10-27 2022-03-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 455,571 -66,891 -12.80 7,069 -6.94 0.0010
2022-05-13 2022-03-31 13F ARES COML REAL ESTATE COM 04013V108 455,571 -66,891 7,069 0.0010
2022-02-14 2021-12-31 13F ARES COML REAL ESTATE COM 04013V108 522,462 124,033 31.13 7,596 26.41 0.0009
2021-11-15 2021-09-30 13F ARES COML REAL ESTATE COM 04013V108 398,429 -16,629 -4.01 6,009 -1.46 0.0008
2021-08-23 2021-06-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 415,058 269,735 185.61 6,098 205.97 0.0008
2021-08-16 2021-06-30 13F ARES COML REAL ESTATE COM 04013V108 415,058 269,735 6,098 0.0002
2021-05-17 2021-03-31 13F ARES COML REAL ESTATE COM 04013V108 145,323 78,495 117.46 1,993 150.38 0.0003
2021-02-16 2020-12-31 13F ARES COML REAL ESTATE COM 04013V108 66,828 13,238 24.70 796 62.78 0.0001
2020-11-13 2020-09-30 13F ARES COML REAL ESTATE COM 04013V108 53,590 -22,227 -29.32 489 -29.34 0.0001
2020-08-14 2020-06-30 13F ARES COML REAL ESTATE COM 04013V108 75,817 -78,236 -50.79 692 -35.75 0.0002
2020-05-26 2020-03-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 154,053 -529,714 -77.47 1,077 -90.06 0.0003
2020-05-15 2020-03-31 13F ARES COML REAL ESTATE COM 04013V108 154,053 -529,714 1,077 82.7361
2020-02-14 2019-12-31 13F ARES COML REAL ESTATE COM 04013V108 683,767 235,312 52.47 10,831 58.58 0.0025
2019-11-14 2019-09-30 13F ARES COML REAL ESTATE COM 04013V108 448,455 76,528 20.58 6,830 23.58 0.0018
2019-08-14 2019-06-30 13F ARES COML REAL ESTATE COM 04013V108 371,927 -45,387 -10.88 5,527 -12.82 0.0015
2019-05-15 2019-03-31 13F ARES COML REAL ESTATE COM 04013V108 417,314 -24,133 -5.47 6,340 10.13 0.0018
2019-02-14 2018-12-31 13F ARES COML REAL ESTATE COM 04013V108 441,447 6,215 1.43 5,757 -5.31 0.0017
2019-04-23 2018-09-30 13F/A-2 ARES COML REAL ESTATE COM 04013V108 435,232 -89,468 -17.05 6,080 -16.09 0.0015
2018-11-20 2018-09-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 435,232 0 6,080 0.0015
2018-11-14 2018-09-30 13F ARES COML REAL ESTATE COM 04013V108 435,232 -89,468 6,080
2019-04-23 2018-06-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 524,700 6,116 1.18 7,246 13.15 0.0020
2018-08-14 2018-06-30 13F ARES COML REAL ESTATE COM 04013V108 524,700 6,116 7,246
2019-04-23 2018-03-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 518,584 11,828 2.33 6,404 -2.03 0.0018
2018-05-14 2018-03-31 13F ARES COML REAL ESTATE COM 04013V108 518,584 11,828 6,404
2019-04-23 2017-12-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 506,756 23,379 4.84 6,537 1.62 0.0018
2018-02-14 2017-12-31 13F ARES COML REAL ESTATE COM 04013V108 506,756 23,379 6,537
2017-11-14 2017-09-30 13F ARES COML REAL ESTATE COM 04013V108 483,377 -2,103 -0.43 6,433 1.24 0.0019
2017-08-11 2017-06-30 13F ARES COML REAL ESTATE COM 04013V108 485,480 -74,813 -13.35 6,354 -15.26 0.0019
2017-05-22 2017-03-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 560,293 -123,389 -18.05 7,498 -20.12 0.0023
2017-05-12 2017-03-31 13F ARES COML REAL ESTATE COM 04013V108 560,293 7,498
2017-02-22 2016-12-31 13F/A-1 ARES COML REAL ESTATE COM 04013V108 683,682 19,455 2.93 9,387 12.16 0.0031
2017-02-13 2016-12-31 13F ARES COML REAL ESTATE COM 04013V108 683,682 9,387
2016-11-10 2016-09-30 13F ARES COML REAL ESTATE COM 04013V108 664,227 88,735 15.42 8,369 18.32 0.0029
2016-08-12 2016-06-30 13F ARES COML REAL ESTATE COM 04013V108 575,492 36,299 6.73 7,073 19.80 0.0026
2016-05-12 2016-03-31 13F ARES COML REAL ESTATE COM 04013V108 539,193 -7,581 -1.39 5,904 -5.63 0.0023
2016-02-09 2015-12-31 13F ARES COML REAL ESTATE COM 04013V108 546,774 -23,078 -4.05 6,256 -8.43 0.0023
2016-02-08 2015-09-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 569,852 187,842 49.17 6,832 57.02 0.0025
2015-11-09 2015-09-30 13F ARES COML REAL ESTATE COM 04013V108 569,852 6,832
2015-08-12 2015-06-30 13F ARES COML REAL ESTATE COM 04013V108 382,010 -25,159 -6.18 4,351 -3.29 0.0015
2015-05-14 2015-03-31 13F ARES COML REAL ESTATE COM 04013V108 407,169 17,556 4.51 4,499 0.58 0.0017
2015-02-13 2014-12-31 13F ARES COML REAL ESTATE COM 04013V108 389,613 68,143 21.20 4,473 18.99 0.0016
2014-12-16 2014-09-30 13F/A-1 ARES COML REAL ESTATE COM 04013V108 321,470 -22,645 -6.58 3,759 -11.99 0.0014
2014-11-14 2014-09-30 13F ARES COML REAL ESTATE COM 04013V108 321,470 3,759
2014-08-12 2014-06-30 13F ARES COML REAL ESTATE COM 04013V108 344,115 66,471 23.94 4,271 14.72 0.0073
2014-05-13 2014-03-31 13F ARES COML REAL ESTATE COM 04013V108 277,644 -237,482 -46.10 3,723 -44.83 0.0016
2014-02-13 2013-12-31 13F ARES COML REAL ESTATE COM 04013V108 515,126 -127,430 -19.83 6,748 -15.51 0.0029
2013-11-13 2013-09-30 13F ARES COMMERCIAL REAL ESTATE COM 04013V108 642,556 76,360 13.49 7,987 10.12 0.0038
2013-08-08 2013-06-30 13F ARES COMMERCIAL REAL ESTATE COM 04013V108 566,196 566,196 7,253 0.0037
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.