Ares Management’s Goldman Sachs BDC GSBD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$19.3M	Buy	2,171,173 +758,115	+54%	+$7M	1.27%	12
2025 Q4	$13.1M	Buy	1,413,058 +614,637	+77%	+$6.03M	0.75%	14
2025 Q3	$8.12M	Hold	798,421	–	–	0.37%	18
2025 Q2	$8.98M	Buy	798,421 +336,437	+73%	+$3.71M	0.46%	17
2025 Q1	$5.37M	Buy	+461,984	New	+$5.78M	0.33%	25
2024 Q1	–	Sell	-167,080	Closed	-$2.45M	–	39
2023 Q4	$2.45M	Hold	167,080	–	–	0.06%	29
2023 Q3	$2.43M	Sell	167,080 -244,760	-59%	-$3.52M	0.06%	29
2023 Q2	$5.71M	Buy	411,840 +30,000	+8%	+$407K	0.12%	27
2023 Q1	$5.21M	Buy	381,840 +62,715	+20%	+$936K	0.29%	27
2022 Q4	$4.38M	Buy	+319,125	New	+$4.79M	0.22%	29
2019 Q1	–	Sell	-148,199	Closed	-$2.72M	–	70
2018 Q4	$2.72M	Buy	148,199 +88,229	+147%	+$1.82M	0.18%	37
2018 Q3	$1.33M	Sell	59,970 -5,130	-8%	-$112K	0.07%	40
2018 Q2	$1.33M	Buy	+65,100	New	+$1.31M	0.05%	40
2016 Q4	–	Sell	-202,866	Closed	-$4.42M	–	56
2016 Q3	$4.42M	Buy	202,866 +141,914	+233%	+$2.97M	0.28%	23
2016 Q2	$1.22M	Buy	+60,952	New	+$1.2M	0.1%	30