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Ares Management’s Golub Capital BDC GBDC Stock Holding History

Ares Management’s Portfolio GBDC Stock Details GBDC Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$43.2M Buy
3,357,115
+298,759
+10% +$3.89M 1.88% 9
2026
Q1 		$38.7M Buy
3,058,356
+322,146
+12% +$4.13M 2.55% 6
2025
Q4 		$37.1M Buy
2,736,210
+165,000
+6% +$2.28M 2.12% 6
2025
Q3 		$35.2M Hold
2,571,210
– – 1.6% 6
2025
Q2 		$37.7M Buy
2,571,210
+72,408
+3% +$1.05M 1.93% 7
2025
Q1 		$37.8M Sell
2,498,802
-345,458
-12% -$5.3M 2.32% 7
2024
Q4 		$43.1M Hold
2,844,260
– – 1.52% 5
2024
Q3 		$43M Buy
2,844,260
+561,395
+25% +$8.48M 1.19% 8
2024
Q2 		$35.9M Buy
2,282,865
+125,311
+6% +$2.06M 1.06% 8
2024
Q1 		$35.9M Buy
2,157,554
+331,526
+18% +$5.18M 0.82% 9
2023
Q4 		$27.6M Buy
1,826,028
+18,379
+1% +$270K 0.67% 10
2023
Q3 		$26.5M Hold
1,807,649
– – 0.69% 10
2023
Q2 		$24.4M Hold
1,807,649
– – 0.5% 13
2023
Q1 		$24.5M Sell
1,807,649
-80,173
-4% -$1.08M 1.35% 10
2022
Q4 		$24.8M Sell
1,887,822
-296,182
-14% -$3.9M 1.22% 12
2022
Q3 		$27.1M Sell
2,184,004
-90,000
-4% -$1.22M 1.26% 12
2022
Q2 		$29.5M Sell
2,274,004
-354,415
-13% -$5.07M 1.51% 12
2022
Q1 		$40M Buy
2,628,419
+497,391
+23% +$7.7M 1.51% 11
2021
Q4 		$32.9M Buy
2,131,028
+307,000
+17% +$4.75M 0.93% 14
2021
Q3 		$28.8M Buy
1,824,028
+174,806
+11% +$2.75M 0.96% 13
2021
Q2 		$25.4M Sell
1,649,222
-17,461
-1% -$271K 0.9% 12
2021
Q1 		$24.4M Buy
1,666,683
+854,160
+105% +$12.6M 1.07% 10
2020
Q4 		$11.5M Buy
812,523
+9,924
+1% +$136K 0.51% 12
2020
Q3 		$10.6M Sell
802,599
-6,738
-0.8% -$84.2K 0.65% 9
2020
Q2 		$9.43M Buy
809,337
+425,445
+111% +$4.79M 0.42% 10
2020
Q1 		$4.72M Buy
+383,892
New +$6.29M 0.68% 12
2019
Q3 		– Sell
-71,916
Closed -$1.25M – 61
2019
Q2 		$1.25M Sell
71,916
-213,932
-75% -$3.75M 0.09% 22
2019
Q1 		$5.01M Sell
285,848
-376,892
-57% -$6.64M 0.31% 19
2018
Q4 		$10.7M Buy
662,740
+11,983
+2% +$213K 0.68% 17
2018
Q3 		$12M Sell
650,757
-13,280
-2% -$245K 0.61% 19
2018
Q2 		$11.9M Hold
664,037
– – 0.42% 17
2018
Q1 		$11.6M Buy
664,037
+404,265
+156% +$7.16M 0.37% 16
2017
Q4 		$4.63M Hold
259,772
– – 0.15% 28
2017
Q3 		$4.79M Hold
259,772
– – 0.16% 28
2017
Q2 		$4.86M Sell
259,772
-475,608
-65% -$9.27M 0.12% 31
2017
Q1 		$14.3M Buy
735,380
+132,730
+22% +$2.46M 0.78% 9
2016
Q4 		$10.9M Buy
602,650
+487,277
+422% +$8.73M 0.62% 11
2016
Q3 		$2.1M Buy
115,373
+21,086
+22% +$386K 0.13% 36
2016
Q2 		$1.67M Buy
+94,287
New +$1.6M 0.13% 27

Other funds holding GBDC

SO
STRS Ohio Columbus, Ohio $26.7B AUM 43.32% 1-Year Est. Return
HighTower Advisors
HighTower Advisors Chicago, Illinois $104B AUM 28.3% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return
Corient Private Wealth
Corient Private Wealth Miami, Florida $77.5B AUM 28.19% 1-Year Est. Return
SIS
Sound Income Strategies Ft Lauderdale, Florida $2.23B AUM 11.22% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.63B AUM 18.97% 1-Year Est. Return
OAC
OMERS Administration Corp Toronto, Ontario, Canada $16.7B AUM 35.96% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Ares Management's GBDC Position: Q2 2026 in Review

Ares Management increased its Golub Capital BDC (GBDC) stake by 9.8% in Q2 2026, buying an estimated $3.89M and bringing the position to 3,357,115 shares worth $43.2M. The position accounts for 1.88% of the portfolio, ranked #9.

Ares Management first reported a position in GBDC in Q2 2016 and has held it in 39 quarters since. 317 funds tracked by Wall St. Rank hold GBDC as of Q2 2026.

  • Ares Management held 3,357,115 shares of Golub Capital BDC worth $43.2M as of Q2 2026.
  • Ares Management bought 298,759 Golub Capital BDC shares in Q2 2026, an estimated $3.89M.
  • Golub Capital BDC made up 1.88% of Ares Management's portfolio in Q2 2026, its #9 holding.
  • Ares Management first reported a position in Golub Capital BDC in Q2 2016 and has held it in 39 quarters since.
  • 317 funds tracked by Wall St. Rank held Golub Capital BDC as of Q2 2026.

Based on Ares Management's 13F filing for Q2 2026, filed 14 Aug 2026.