Ares Commercial Real Estate Corp (ACRE)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	4,862,110	$22,511,568	0%
2.	Vanguard Group Inc	2,961,093	$13,709,861	0%
3.	Goldman Sachs Group Inc	191,731	$887,714	0%
4.	Schwab Charles Investment Management Inc	150,212	$695,482	0%
5.	Bank Of New York Mellon Corp	142,178	$658,285	0%