Ares Management’s XChange TEC XHG Stock Holding History

Ares Management’s Portfolio XHG Stock Details XHG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-419,729	Closed	-$217	–	39
2025 Q3	$217	Sell	419,729 -34,082,847,071	-100%	-$44.4B	﹤0.01%	35
2025 Q2	$3.64K	Buy	34,083,266,800 +31,984,622,535	+1,524%	+$107B	﹤0.01%	34
2025 Q1	$2.72K	Hold	2,098,644,265	–	–	﹤0.01%	33
2024 Q4	$3.02K	Buy	2,098,644,265 +1,993,712,052	+1,900%	+$105B	﹤0.01%	34
2024 Q3	$20.3K	Hold	104,932,213	–	–	﹤0.01%	37
2024 Q2	$55.3K	Hold	104,932,213	–	–	﹤0.01%	34
2024 Q1	$51.2K	Hold	104,932,213	–	–	﹤0.01%	36
2023 Q4	$140K	Buy	+104,932,213	New	+$269B	﹤0.01%	40

Other funds holding XHG

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Ares Management's XHG Position: Q4 2025 in Review

Ares Management sold out of XChange TEC (XHG) in Q4 2025, closing a stake of 419,729 shares — an estimated $217 sold.

Ares Management first reported a position in XHG in Q4 2023 and held it in 8 quarters. The position peaked at $140K in Q4 2023. 2 funds tracked by Wall St. Rank hold XHG as of Q4 2025.

Ares Management reported no remaining XChange TEC position as of Q4 2025 after selling out during the quarter.
Ares Management sold 419,729 XChange TEC shares in Q4 2025, an estimated $217.
Ares Management first reported a position in XChange TEC in Q4 2023 and held it in 8 quarters.
Ares Management's XChange TEC position peaked at $140K in Q4 2023.
2 funds tracked by Wall St. Rank held XChange TEC as of Q4 2025.

Based on Ares Management's 13F filing for Q4 2025, filed 13 Feb 2026.