Ares Management’s Frontier Communications FYBR Stock Holding History

Ares Management’s Portfolio FYBR Stock Details FYBR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-3,131,679	Closed	-$114M	–	37
2025 Q2	$114M	Hold	3,131,679	–	–	5.83%	2
2025 Q1	$112M	Sell	3,131,679 -20,813,477	-87%	-$744M	6.89%	2
2024 Q4	$831M	Sell	23,945,156 -14,967,739	-38%	-$525M	29.22%	2
2024 Q3	$1.38B	Hold	38,912,895	–	–	38.34%	2
2024 Q2	$1.02B	Hold	38,912,895	–	–	30.21%	2
2024 Q1	$953M	Hold	38,912,895	–	–	21.85%	2
2023 Q4	$986M	Buy	38,912,895 +300,000	+0.8%	+$6.06M	23.91%	2
2023 Q3	$604M	Buy	38,612,895 +507,397	+1%	+$8.23M	15.62%	2
2023 Q2	$710M	Buy	38,105,498 +1,010,844	+3%	+$19M	14.65%	2
2023 Q1	$845M	Buy	37,094,654 +1,889,522	+5%	+$50.7M	46.68%	1
2022 Q4	$897M	Hold	35,205,132	–	–	44.19%	1
2022 Q3	$825M	Hold	35,205,132	–	–	38.35%	1
2022 Q2	$829M	Hold	35,205,132	–	–	42.54%	1
2022 Q1	$974M	Hold	35,205,132	–	–	36.82%	1
2021 Q4	$1.04B	Hold	35,205,132	–	–	29.41%	1
2021 Q3	$981M	Hold	35,205,132	–	–	32.57%	1
2021 Q2	$929M	Buy	+35,205,132	New	+$887M	32.89%	1

Other funds holding FYBR

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

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

GCM

Glendon Capital Management Santa Monica, California $773M AUM 8.9% 1-Year Est. Return

Balyasny Asset Management Chicago, Illinois $80.2B AUM 51.53% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Qube Research & Technologies (QRT) London, United Kingdom $108B AUM 37.29% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

UOC

UBS O'Connor Chicago, Illinois $3.76B AUM 62.41% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Ares Management's FYBR Position: Q3 2025 in Review

Ares Management sold out of Frontier Communications (FYBR) in Q3 2025, closing a stake of 3,131,679 shares — an estimated $114M sold.

Ares Management first reported a position in FYBR in Q2 2021 and held it in 17 quarters. The position peaked at $1.38B in Q3 2024. 385 funds tracked by Wall St. Rank hold FYBR as of Q3 2025.

Ares Management reported no remaining Frontier Communications position as of Q3 2025 after selling out during the quarter.
Ares Management sold 3,131,679 Frontier Communications shares in Q3 2025, an estimated $114M.
Ares Management first reported a position in Frontier Communications in Q2 2021 and held it in 17 quarters.
Ares Management's Frontier Communications position peaked at $1.38B in Q3 2024.
385 funds tracked by Wall St. Rank held Frontier Communications as of Q3 2025.

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