Ares Management’s California Resources CRC Stock Holding History

Ares Management’s Portfolio CRC Stock Details CRC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-708,676	Closed	-$32.4M	–	36
2025 Q2	$32.4M	Hold	708,676	–	–	1.65%	11
2025 Q1	$31.2M	Hold	708,676	–	–	1.91%	10
2024 Q4	$36.8M	Sell	708,676 -1,990,709	-74%	-$108M	1.29%	7
2024 Q3	$142M	Hold	2,699,385	–	–	3.93%	3
2024 Q2	$144M	Hold	2,699,385	–	–	4.26%	3
2024 Q1	$149M	Hold	2,699,385	–	–	3.41%	3
2023 Q4	$148M	Hold	2,699,385	–	–	3.58%	3
2023 Q3	$151M	Hold	2,699,385	–	–	3.91%	3
2023 Q2	$122M	Hold	2,699,385	–	–	2.52%	4
2023 Q1	$104M	Hold	2,699,385	–	–	5.74%	3
2022 Q4	$117M	Hold	2,699,385	–	–	5.79%	3
2022 Q3	$104M	Sell	2,699,385 -1,382,557	-34%	-$60.1M	4.82%	4
2022 Q2	$157M	Sell	4,081,942 -1,883,195	-32%	-$80.7M	8.07%	3
2022 Q1	$267M	Sell	5,965,137 -4,865,171	-45%	-$210M	10.09%	3
2021 Q4	$463M	Sell	10,830,308 -458,614	-4%	-$19.6M	13.1%	3
2021 Q3	$463M	Sell	11,288,922 -2,878,803	-20%	-$94M	15.36%	3
2021 Q2	$427M	Sell	14,167,725 -3,157,123	-18%	-$86.8M	15.11%	3
2021 Q1	$417M	Hold	17,324,848	–	–	18.32%	2
2020 Q4	$409M	Buy	+17,324,848	New	+$318M	18.01%	2

Other funds holding CRC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

GDS

Gimbel Daniel Scott $435M AUM 78.68% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Sourcerock Group Denver, Colorado $2.48B AUM 72.25% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Ares Management's CRC Position: Q3 2025 in Review

Ares Management sold out of California Resources (CRC) in Q3 2025, closing a stake of 708,676 shares — an estimated $32.4M sold.

Ares Management first reported a position in CRC in Q4 2020 and held it in 19 quarters. The position peaked at $463M in Q3 2021. 346 funds tracked by Wall St. Rank hold CRC as of Q3 2025.

Ares Management reported no remaining California Resources position as of Q3 2025 after selling out during the quarter.
Ares Management sold 708,676 California Resources shares in Q3 2025, an estimated $32.4M.
Ares Management first reported a position in California Resources in Q4 2020 and held it in 19 quarters.
Ares Management's California Resources position peaked at $463M in Q3 2021.
346 funds tracked by Wall St. Rank held California Resources as of Q3 2025.

Based on Ares Management's 13F filing for Q3 2025, filed 14 Nov 2025.