Ares Commercial Real Estate Corp - ACRE

Detailed investor-level table based on 13F positions.
Early Q1 2026 data: only 3 institutional holders reported so far. The full shareholder list will grow as more funds file with the SEC.

Shareholders (13F)

Quarter: Q4 2025 · Compare: Q3 2025
13D/13G major owners: Ownership tab.
Methodology: Market value and % of portfolio use SEC reported VALUE ($000). For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received. Details.
Rows: 0
Investor History Status Shares held Market value ($000) % of portfolio Previous % Rank Change in shares % change in shares Source Date reported
BlackRock, Inc. History Added to 4,601,794 21,996 0.0% 0.0% 1 +45,801 1.01% Q4 2025 Feb 12, 2026
VANGUARD GROUP INC History Reduced 3,055,160 14,603 0.0% 0.0% 2 -55,161 -1.77% Q4 2025 Jan 29, 2026
North Ground Capital History Added to 1,551,806 7,417 3.68% 3.2% 3 +393,943 34.02% Q4 2025 Feb 12, 2026
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC History Added to 1,347,342 6,440 0.02% 0.02% 4 +31,440 2.39% Q4 2025 Feb 17, 2026
GEODE CAPITAL MANAGEMENT, LLC History Reduced 1,310,598 6,265 0.0% 0.0% 5 -18,719 -1.41% Q4 2025 Feb 09, 2026
STATE STREET CORP History Reduced 1,155,381 5,691 0.0% 0.0% 6 -4,485 -0.39% Q4 2025 Feb 13, 2026
CURA WEALTH ADVISORS, LLC History Reduced 907,074 4,335 1.64% 1.85% 7 -167,431 -15.58% Q4 2025 Jan 23, 2026
VAN ECK ASSOCIATES CORP History Added to 647,546 3,095 0.0% 0.0% 8 +585,711 947.22% Q4 2025 Feb 13, 2026
BI Asset Management Fondsmaeglerselskab A/S History No change 564,209 2,697 0.02% 0.02% 9 0 0.0% Q4 2025 Feb 11, 2026
NORTHERN TRUST CORP History Reduced 541,888 2,590 0.0% 0.0% 10 -25,582 -4.51% Q4 2025 Feb 17, 2026
Focus Partners Wealth History New 510,675 2,441 0.0% 11 +510,675 New Q4 2025 Feb 13, 2026
WELLINGTON MANAGEMENT GROUP LLP History Reduced 493,331 2,358 0.0% 0.0% 12 -57,987 -10.52% Q4 2025 Feb 17, 2026
Dana Investment Advisors, Inc. History Reduced 439,345 2,100 0.06% 0.06% 13 -568 -0.13% Q4 2025 Feb 05, 2026
JPMORGAN CHASE & CO History Added to 418,296 1,999 0.0% 0.0% 14 +41,481 11.01% Q4 2025 Feb 11, 2026
GOLDMAN SACHS GROUP INC History Added to 391,257 1,870 0.0% 0.0% 15 +190,900 95.28% Q4 2025 Mar 25, 2026
TWO SIGMA INVESTMENTS, LP History Added to 361,110 1,726 0.0% 0.0% 16 +238,685 194.96% Q4 2025 Feb 17, 2026
MORGAN STANLEY History Added to 319,254 1,526 0.0% 0.0% 17 +46,415 17.01% Q4 2025 Feb 13, 2026
UBS Group AG History Added to 280,251 1,339 0.0% 0.0% 18 +61,791 28.28% Q4 2025 Jan 29, 2026
Lighthouse Investment Partners, LLC History Added to 274,153 1,310 0.04% 0.03% 19 +53,022 23.98% Q4 2025 Feb 17, 2026
EVOKE WEALTH, LLC History Added to 232,262 1,145 0.02% 0.02% 20 +4,936 2.17% Q4 2025 Feb 06, 2026
Penserra Capital Management LLC History Reduced 230,015 1,099 0.01% 0.01% 21 -4,854 -2.07% Q4 2025 Feb 12, 2026
DELPHI FINANCIAL GROUP, INC. History No change 214,937 1,027 0.51% 0.54% 22 0 0.0% Q4 2025 Feb 11, 2026
VICTORY CAPITAL MANAGEMENT INC History Added to 181,000 865 0.0% 0.0% 23 +26,000 16.77% Q4 2025 Feb 13, 2026
CHARLES SCHWAB INVESTMENT MANAGEMENT INC History Added to 180,904 864 0.0% 0.0% 24 +52,512 40.9% Q4 2025 Feb 13, 2026
AMERIPRISE FINANCIAL INC History No change 171,743 820 0.0% 0.0% 25 0 0.0% Q4 2025 Feb 17, 2026
WELLS FARGO & COMPANY/MN History Added to 160,745 768 0.0% 0.0% 26 +40,921 34.15% Q4 2025 Feb 13, 2026
AQR CAPITAL MANAGEMENT LLC History Added to 159,968 764 0.0% 0.0% 27 +31,996 25.0% Q4 2025 Feb 17, 2026
Quantinno Capital Management LP History Added to 158,972 759 0.0% 0.0% 28 +81,098 104.14% Q4 2025 Feb 17, 2026
Bank of New York Mellon Corp History Added to 153,369 733 0.0% 0.0% 29 +1,332 0.88% Q4 2025 Feb 10, 2026
BANK OF AMERICA CORP /DE/ History Added to 147,468 704 0.0% 0.0% 30 +87,999 147.97% Q4 2025 Feb 17, 2026
GSA CAPITAL PARTNERS LLP History Reduced 142,304 680 0.06% 0.08% 31 -61,166 -30.06% Q4 2025 Feb 06, 2026
Samalin Investment Counsel, LLC History Reduced 119,514 571 0.2% 0.22% 32 -21,002 -14.95% Q4 2025 Jan 30, 2026
Advisors Asset Management, Inc. History Added to 108,827 520 0.01% 0.01% 33 +7,774 7.69% Q4 2025 Feb 12, 2026
Invesco Ltd. History Reduced 106,344 508 0.0% 0.0% 34 -33,654 -24.04% Q4 2025 Feb 19, 2026
Nuveen, LLC History No change 101,665 485 0.0% 0.0% 35 0 0.0% Q4 2025 Feb 12, 2026
CITADEL ADVISORS LLC History Reduced 95,100 454 0.0% 0.0% 36 -95,600 -50.13% Q4 2025 Feb 17, 2026
JANE STREET GROUP, LLC History Added to 94,493 451 0.0% 0.0% 37 +39,104 70.6% Q4 2025 Feb 12, 2026
Canton Hathaway, LLC History New 88,915 425 0.08% 38 +88,915 New Q4 2025 Jan 21, 2026
SUSQUEHANNA INTERNATIONAL GROUP, LLP History Added to 85,107 406 0.0% 0.0% 39 +1,425 1.7% Q4 2025 Feb 17, 2026
BARCLAYS PLC History Added to 82,334 393 0.0% 0.0% 40 +7,891 10.6% Q4 2025 Feb 13, 2026
COMMONWEALTH EQUITY SERVICES, LLC History Reduced 81,695 390 0.0% 0.0% 41 -145 -0.18% Q4 2025 Feb 12, 2026
Access Investment Management LLC History No change 85,700 386 0.1% 0.1% 42 0 0.0% Q4 2025 Feb 02, 2026
K2 PRINCIPAL FUND, L.P. History New 77,377 369 0.03% 43 +77,377 New Q4 2025 Feb 13, 2026
ACADIAN ASSET MANAGEMENT LLC History Added to 75,291 358 0.0% 0.0% 44 +25,491 51.19% Q4 2025 Feb 10, 2026
TWO SIGMA ADVISERS, LP History Added to 75,000 358 0.0% 0.0% 46 +2,800 3.88% Q4 2025 Feb 17, 2026
ALLIANCEBERNSTEIN L.P. History No change 75,100 358 0.0% 0.0% 45 0 0.0% Q4 2025 Feb 17, 2026
RHUMBLINE ADVISERS History Reduced 69,161 330 0.0% 0.0% 47 -11,386 -14.14% Q4 2025 Feb 13, 2026
Cambridge Investment Research Advisors, Inc. History Reduced 62,477 299 0.0% 0.0% 48 -2,700 -4.14% Q4 2025 Feb 05, 2026
PRICE T ROWE ASSOCIATES INC /MD/ History Reduced 61,412 294 0.0% 0.0% 49 -23,590 -27.75% Q4 2025 Feb 17, 2026
Private Advisor Group, LLC History Added to 45,429 217 0.0% 0.0% 50 +4,410 10.75% Q4 2025 Feb 17, 2026
SEI INVESTMENTS CO History No change 44,796 214 0.0% 0.0% 51 0 0.0% Q4 2025 Feb 13, 2026
Verition Fund Management LLC History No change 44,600 213 0.0% 0.0% 52 0 0.0% Q4 2025 Feb 13, 2026
ROYAL BANK OF CANADA History New 43,711 209 0.0% 53 +43,711 New Q4 2025 Feb 17, 2026
Vident Advisory, LLC History Reduced 42,982 205 0.0% 0.0% 54 -10,845 -20.15% Q4 2025 Feb 18, 2026
RAYMOND JAMES FINANCIAL INC History Reduced 41,125 196 0.0% 0.0% 55 -4,330 -9.53% Q4 2025 Feb 18, 2026
FIRST NATIONAL TRUST CO History No change 39,844 190 0.01% 0.01% 56 0 0.0% Q4 2025 Feb 09, 2026
DEUTSCHE BANK AG\ History Reduced 38,094 182 0.0% 0.0% 57 -13,815 -26.61% Q4 2025 Feb 11, 2026
Graham Capital Management, L.P. History Reduced 37,660 180 0.0% 0.0% 58 -5,500 -12.74% Q4 2025 Feb 17, 2026
MANUFACTURERS LIFE INSURANCE COMPANY, THE History New 37,106 177 0.0% 59 +37,106 New Q4 2025 Feb 13, 2026
D. E. Shaw & Co., Inc. History Reduced 36,888 176 0.0% 0.0% 60 -21,753 -37.1% Q4 2025 Feb 17, 2026
Cresset Asset Management, LLC History Reduced 34,800 171 0.0% 0.0% 61 -653 -1.84% Q4 2025 Feb 17, 2026
XTX Topco Ltd History New 32,914 157 0.0% 62 +32,914 New Q4 2025 Feb 17, 2026
Abel Hall, LLC History Reduced 31,796 151 0.04% 0.06% 63 -138 -0.43% Q4 2025 Feb 17, 2026
Engineers Gate Manager LP History Reduced 28,653 136 0.0% 0.0% 64 -4,924 -14.66% Q4 2025 Feb 17, 2026
LPL Financial LLC History Added to 27,950 133 0.0% 0.0% 65 +2,284 8.9% Q4 2025 Feb 11, 2026
Farther Finance Advisors, LLC History Added to 26,509 126 0.0% 0.0% 66 +2,050 8.38% Q4 2025 Jan 23, 2026
PharVision Advisers, LLC History New 26,066 124 0.06% 67 +26,066 New Q4 2025 Feb 17, 2026
AE Wealth Management LLC History Added to 25,836 123 0.0% 0.0% 68 +1,847 7.7% Q4 2025 Jan 26, 2026
Equitable Holdings, Inc. History No change 25,500 121 0.0% 0.0% 69 0 0.0% Q4 2025 Feb 17, 2026
THRIVENT FINANCIAL FOR LUTHERANS History New 24,668 118 0.0% 70 +24,668 New Q4 2025 Feb 05, 2026
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. History Reduced 24,524 117 0.0% 0.0% 71 -292 -1.18% Q4 2025 Feb 17, 2026
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM History No change 24,232 115 0.0% 0.0% 72 0 0.0% Q4 2025 Feb 12, 2026
Lido Advisors, LLC History Added to 23,698 110 0.0% 0.0% 73 +200 0.85% Q4 2025 Feb 10, 2026
INTECH INVESTMENT MANAGEMENT LLC History Reduced 22,972 109 0.0% 0.0% 74 -3,218 -12.29% Q4 2025 Feb 10, 2026
FRANKLIN RESOURCES INC History Added to 21,680 103 0.0% 0.0% 75 +671 3.19% Q4 2025 Feb 11, 2026
MetLife Investment Management, LLC History Reduced 21,431 102 0.0% 0.0% 76 -8,791 -29.09% Q4 2025 Feb 12, 2026
Joel Isaacson & Co., LLC History No change 20,847 99 0.0% 0.0% 77 0 0.0% Q4 2025 Jan 30, 2026
Squarepoint Ops LLC History Reduced 20,084 96 0.0% 0.0% 79 -12,053 -37.51% Q4 2025 Feb 13, 2026
Baker Avenue Asset Management, LP History No change 20,190 96 0.0% 0.0% 78 0 0.0% Q4 2025 Feb 10, 2026
Curated Wealth Partners LLC History No change 20,000 95 0.01% 0.01% 80 0 0.0% Q4 2025 Jan 12, 2026
IEQ CAPITAL, LLC History Added to 19,476 93 0.0% 0.0% 81 +5,306 37.45% Q4 2025 Feb 13, 2026
SIMPLEX TRADING, LLC History Added to 18,200 86 0.0% 0.0% 82 +2,378 15.03% Q4 2025 Feb 11, 2026
MILLENNIUM MANAGEMENT LLC History Reduced 17,575 84 0.0% 0.0% 83 -3,106 -15.02% Q4 2025 Feb 17, 2026
CFO4Life Group, LLC History No change 17,000 81 0.01% 0.01% 84 0 0.0% Q4 2025 Feb 06, 2026
HRT FINANCIAL LP History Added to 16,790 80 0.0% 0.0% 85 +4,445 36.01% Q4 2025 Feb 12, 2026
M&T BANK CORP History New 16,594 79 0.0% 86 +16,594 New Q4 2025 Jan 30, 2026
Cetera Investment Advisers History Added to 16,330 78 0.0% 0.0% 87 +5,788 54.9% Q4 2025 Feb 17, 2026
SEVEN MILE ADVISORY History New 16,149 77 0.01% 88 +16,149 New Q4 2025 Feb 13, 2026
VOYA INVESTMENT MANAGEMENT LLC History Added to 15,981 76 0.0% 0.0% 89 +126 0.79% Q4 2025 Feb 12, 2026
Police & Firemen's Retirement System of New Jersey History No change 15,639 74 0.0% 0.0% 90 0 0.0% Q4 2025 Feb 13, 2026
TWO SIGMA SECURITIES, LLC History New 14,478 69 0.01% 91 +14,478 New Q4 2025 Feb 17, 2026
Quadrature Capital Ltd History New 13,916 66 0.0% 92 +13,916 New Q4 2025 Feb 17, 2026
AIGEN INVESTMENT MANAGEMENT, LP History Reduced 13,797 65 0.02% 0.02% 93 -8,826 -39.01% Q4 2025 Feb 13, 2026
Eurizon Capital SGR S.p.A. History New 13,161 64 0.0% 94 +13,161 New Q4 2025 Feb 10, 2026
Corient Private Wealth LLC History New 13,335 63 0.0% 98 +13,335 New Q4 2025 Mar 09, 2026
Kestra Advisory Services, LLC History New 13,276 63 0.0% 97 +13,276 New Q4 2025 Feb 13, 2026
Institute for Wealth Management, LLC. History Added to 13,244 63 0.01% 0.01% 96 +2,000 17.79% Q4 2025 Jan 27, 2026
STIFEL FINANCIAL CORP History Added to 13,200 63 0.0% 0.0% 95 +1,291 10.84% Q4 2025 Feb 13, 2026
GROUP ONE TRADING LLC History Reduced 13,000 62 0.0% 0.0% 99 -9,100 -41.18% Q4 2025 Feb 12, 2026
MERCER GLOBAL ADVISORS INC /ADV History Added to 12,775 61 0.0% 0.0% 100 +907 7.64% Q4 2025 Feb 18, 2026
Morey & Quinn Wealth Partners, LLC History Reduced 12,466 59 0.04% 0.05% 101 -3,185 -20.35% Q4 2025 Jan 27, 2026
CAPTRUST FINANCIAL ADVISORS History Reduced 12,172 58 0.0% 0.0% 102 -8,451 -40.98% Q4 2025 Feb 17, 2026
Russell Investments Group, Ltd. History Added to 12,194 58 0.0% 0.0% 104 +6,161 102.12% Q4 2025 Feb 17, 2026
Cerity Partners LLC History Added to 12,306 58 0.0% 0.0% 103 +340 2.84% Q4 2025 Feb 11, 2026
BNP PARIBAS FINANCIAL MARKETS History Added to 11,936 57 0.0% 0.0% 105 +1,569 15.13% Q4 2025 Feb 10, 2026
NEW YORK STATE COMMON RETIREMENT FUND History No change 11,838 56 0.0% 0.0% 106 0 0.0% Q4 2025 Feb 12, 2026
CANADA PENSION PLAN INVESTMENT BOARD History New 11,700 55 0.0% 107 +11,700 New Q4 2025 Feb 17, 2026
Neuberger Berman Group LLC History New 10,757 51 0.0% 108 +10,757 New Q4 2025 Feb 13, 2026
Callan Family Office, LLC History New 10,335 49 0.0% 110 +10,335 New Q4 2025 Feb 12, 2026
180 WEALTH ADVISORS, LLC History New 10,258 49 0.01% 109 +10,258 New Q4 2025 Jan 09, 2026
STRS OHIO History No change 10,200 48 0.0% 0.0% 111 0 0.0% Q4 2025 Feb 02, 2026
TRUIST FINANCIAL CORP History No change 10,000 47 0.0% 0.0% 112 0 0.0% Q4 2025 Feb 02, 2026
CWM, LLC History Added to 7,977 38 0.0% 0.0% 113 +973 13.89% Q4 2025 Jan 26, 2026
Versant Capital Management, Inc History Added to 6,986 33 0.0% 0.0% 114 +4,676 202.42% Q4 2025 Jan 08, 2026
FMR LLC History Added to 6,902 32 0.0% 0.0% 115 +64 0.94% Q4 2025 Feb 17, 2026
OSAIC HOLDINGS, INC. History Reduced 6,409 30 0.0% 0.0% 116 -29,218 -82.01% Q4 2025 Feb 17, 2026
Triumph Capital Management History New 6,148 29 0.01% 117 +6,148 New Q4 2025 Feb 12, 2026
NISA INVESTMENT ADVISORS, LLC History Reduced 4,858 24 0.0% 0.0% 119 -10,972 -69.31% Q4 2025 Jan 15, 2026
Legal & General Group Plc History No change 5,086 24 0.0% 0.0% 118 0 0.0% Q4 2025 Feb 09, 2026
Ameritas Investment Partners, Inc. History No change 5,128 24 0.0% 0.0% 120 0 0.0% Q4 2025 Feb 11, 2026
Estate Planners Group, LLC History New 3,500 16 0.01% 121 +3,500 New Q4 2025 Apr 07, 2026
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM History Reduced 3,256 15 0.0% 0.0% 122 -38 -1.15% Q4 2025 Feb 17, 2026
Sterling Capital Management LLC History Reduced 3,048 14 0.0% 0.0% 123 -601 -16.47% Q4 2025 Feb 13, 2026
GAMMA Investing LLC History New 2,721 13 0.0% 124 +2,721 New Q4 2025 Jan 05, 2026
Pinnacle Wealth Planning Services, Inc. History New 2,365 11 0.0% 126 +2,365 New Q4 2025 Feb 13, 2026
PNC FINANCIAL SERVICES GROUP, INC. History Reduced 2,332 11 0.0% 0.0% 125 -1,594 -40.6% Q4 2025 Feb 06, 2026
Tower Research Capital LLC (TRC) History Reduced 1,934 9 0.0% 0.0% 127 -3,051 -61.2% Q4 2025 Feb 17, 2026
Quarry LP History New 1,928 9 0.0% 128 +1,928 New Q4 2025 Feb 13, 2026
AMALGAMATED BANK History Reduced 1,662 8 0.0% 0.0% 129 -171 -9.33% Q4 2025 Feb 05, 2026
FLAGSHIP HARBOR ADVISORS, LLC History New 1,571 7 0.0% 131 +1,571 New Q4 2025 Jan 21, 2026
JONES FINANCIAL COMPANIES LLLP History Added to 1,582 7 0.0% 0.0% 130 +200 14.47% Q4 2025 Feb 17, 2026
Rockefeller Capital Management L.P. History Added to 1,297 6 0.0% 132 +1,267 4223.33% Q4 2025 Mar 16, 2026
CITIGROUP INC History Reduced 1,198 5 0.0% 0.0% 133 -998 -45.45% Q4 2025 Feb 13, 2026
Camelot Portfolios, LLC History New 1,000 4 0.0% 134 +1,000 New Q4 2025 Jan 29, 2026
Optiver Holding B.V. History No change 926 4 0.0% 0.0% 135 0 0.0% Q4 2025 Feb 17, 2026
Arax Advisory Partners History Reduced 630 3 0.0% 0.0% 137 -1,253 -66.54% Q4 2025 Feb 13, 2026
FIFTH THIRD BANCORP History No change 800 3 0.0% 0.0% 136 0 0.0% Q4 2025 Feb 02, 2026
Parallel Advisors, LLC History Reduced 502 2 0.0% 0.0% 139 -443 -46.88% Q4 2025 Feb 11, 2026
TD Waterhouse Canada Inc. History Added to 550 2 0.0% 0.0% 141 +100 22.22% Q4 2025 Jan 27, 2026
MassMutual Private Wealth & Trust, FSB History No change 615 2 0.0% 0.0% 138 0 0.0% Q4 2025 Jan 07, 2026
GPS Wealth Strategies Group, LLC History No change 500 2 0.0% 0.0% 140 0 0.0% Q4 2025 Feb 06, 2026
IFP Advisors, Inc History Reduced 245 1 0.0% 0.0% 142 -32 -11.55% Q4 2025 Feb 06, 2026
True Wealth Design, LLC History Reduced 275 1 0.0% 0.0% 143 -1 -0.36% Q4 2025 Jan 08, 2026
BALYASNY ASSET MANAGEMENT L.P. History Closed out 0 0 0.0% -274,957 -100.0% Q3 2025 Nov 14, 2025
MARSHALL WACE, LLP History Closed out 0 0 0.0% -57,643 -100.0% Q3 2025 Nov 13, 2025
Csenge Advisory Group History Closed out 0 0 0.01% -38,084 -100.0% Q3 2025 Oct 28, 2025
GTS SECURITIES LLC History Closed out 0 0 0.0% -22,199 -100.0% Q3 2025 Nov 14, 2025
Frisch Financial Group, Inc. History Closed out 0 0 0.02% -18,907 -100.0% Q3 2025 Nov 10, 2025
Centiva Capital, LP History Closed out 0 0 0.0% -17,410 -100.0% Q3 2025 Nov 14, 2025
State of Wyoming History Closed out 0 0 0.01% -13,085 -100.0% Q3 2025 Nov 04, 2025
McIlrath & Eck, LLC History Closed out 0 0 0.0% -9,087 -100.0% Q3 2025 Oct 22, 2025
SUMMIT SECURITIES GROUP LLC History Closed out 0 0 0.0% -3,840 -100.0% Q3 2025 Nov 13, 2025
PRINCIPAL SECURITIES, INC. History Closed out 0 0 0.0% -2,270 -100.0% Q3 2025 Nov 12, 2025
Root Financial Partners, LLC History Closed out 0 0 0.0% -1,000 -100.0% Q3 2025 Oct 29, 2025
Clearstead Advisors, LLC History Reduced 1 0 0.0% -575 -99.83% Q4 2025 Feb 09, 2026
Allworth Financial LP History New 151 0 +151 New Q4 2025 Feb 05, 2026
EverSource Wealth Advisors, LLC History Added to 131 0 +97 285.29% Q4 2025 Feb 06, 2026
Advisory Services Network, LLC History Closed out 0 0 -51 -100.0% Q3 2025 Nov 18, 2025
Transamerica Financial Advisors, LLC History Added to 41 0 +29 241.67% Q4 2025 Feb 13, 2026
ROTHSCHILD INVESTMENT LLC History Added to 126 0 +6 5.0% Q4 2025 Feb 10, 2026
Sunbelt Securities, Inc. History Closed out 0 0 -5 -100.0% Q3 2025 Nov 19, 2025
HUNTINGTON NATIONAL BANK History No change 1 0 0 0.0% Q4 2025 Feb 09, 2026
Global Retirement Partners, LLC History No change 50 0 0 0.0% Q4 2025 Feb 06, 2026
Blue Trust, Inc. History No change 55 0 0 0.0% Q4 2025 Jan 16, 2026