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Ares Management Portfolio holdings

AUM $1.52B
1-Year Est. Return 12.97%
This Fund
S&P 500
This Quarter Est. Return
+8.34%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$1.12B
AUM Growth
-$386M
Cap. Flow
-$418M
Cap. Flow %
-37.31%
Top 10 Hldgs %
94.68%
Holding
66
New
8
Increased
10
Reduced
8
Closed
13

Top Buys

Rank Stock Value
1
OPCH icon
Option Care Health
OPCH
+$7.28M
2
MIC
Macquarie Infrastructure Holdings, LLC
MIC
+$2.97M
3
NMFC icon
New Mountain Finance
NMFC
+$541K
4
RC
Ready Capital
RC
+$425K
5
CCO icon
Clear Channel Outdoor Holdings
CCO
+$380K

Top Sells

Rank Stock Value
1
FND icon
Floor & Decor
FND
+$333M
2
ACHC icon
Acadia Healthcare
ACHC
+$68.7M
3
PNNT
Pennant Park Investment Corp
PNNT
+$4.1M
4
IHRT icon
iHeartMedia
IHRT
+$3.27M
5
ARCC icon
Ares Capital
ARCC
+$3.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 57.34%
2 Energy 23.44%
3 Communication Services 7.9%
4 Healthcare 4.1%
5 Financials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RC
26
Ready Capital
RC
$260M
$823K 0.07%
53,347
+27,000
+102% +$425K
TRTX
27
TPG RE Finance Trust
TRTX
$635M
$781K 0.07%
38,549
– –
CGBD icon
28
Carlyle Secured Lending
CGBD
$708M
$745K 0.07%
55,708
– –
TWO
29
Two Harbors Investment
TWO
$1.27B
$731K 0.07%
12,500
– –
OCSI
30
DELISTED
Oaktree Strategic Income Corporation
OCSI
$720K 0.06%
87,900
– –
EARN
31
Ellington Residential Mortgage REIT
EARN
$166M
$617K 0.06%
56,836
– –
RWT
32
Redwood Trust
RWT
$588M
$579K 0.05%
35,000
– –
WMB icon
33
Williams Companies
WMB
$85.8B
$564K 0.05%
23,767
+11,900
+100% +$273K
NMFC icon
34
New Mountain Finance
NMFC
$654M
$550K 0.05%
+40,000
New +$541K
EFC
35
Ellington Financial
EFC
$1.69B
$473K 0.04%
25,800
– –
ABDC
36
DELISTED
Alcentra Capital Corp
ABDC
$456K 0.04%
50,411
– –
INSE icon
37
Inspired Entertainment
INSE
$183M
$428K 0.04%
63,346
– –
KREF
38
KKR Real Estate Finance Trust
KREF
$466M
$419K 0.04%
20,524
-8,726
-30% -$174K
EPD icon
39
Enterprise Products Partners
EPD
$83.7B
$365K 0.03%
12,957
– –
KYN icon
40
Kayne Anderson Energy Infrastructure Fund
KYN
$2.42B
$320K 0.03%
+22,950
New +$306K
HYT icon
41
BlackRock Corporate High Yield Fund
HYT
$1.35B
$308K 0.03%
27,500
– –
ET icon
42
Energy Transfer Partners
ET
$69.5B
$305K 0.03%
23,800
+7,700
+48% +$94.9K
CEQP
43
DELISTED
Crestwood Equity Partners LP
CEQP
$253K 0.02%
+8,200
New +$270K
FCT
44
First Trust Senior Floating Rate Income Fund II
FCT
$251M
$251K 0.02%
+20,000
New +$242K
PAA icon
45
Plains All American Pipeline
PAA
$17.6B
$243K 0.02%
+13,188
New +$242K
BERY
46
DELISTED
Berry Global Group, Inc.
BERY
$237K 0.02%
+5,445
New +$216K
MMP
47
DELISTED
Magellan Midstream Partners, L.P.
MMP
$222K 0.02%
3,537
– –
CHRS icon
48
Coherus Oncology
CHRS
$217M
$206K 0.02%
11,428
– –
ENBL
49
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
$190K 0.02%
18,900
+3,800
+25% +$38.7K
CNXM
50
DELISTED
CNX Midstream Partners LP
CNXM
$170K 0.02%
10,300
– –
1
2
3

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MCIL
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KCM
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FCM
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ACL
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GAI
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Ares Management's Q4 2019 Portfolio in Review

As of Q4 2019, Ares Management held 66 positions worth $1.12B, down 26% from $1.51B the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Ares Management withdrew a net $418M in Q4 2019, closing 13 positions and reducing 8 holdings. Its most notable exit was Pennant Park Investment Corp, an estimated $4.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 57% of assets, down from 67% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Ares Management opened a new position in Macquarie Infrastructure Holdings, LLC worth $3.09M.

  • Ares Management's largest Q4 2019 buy was Macquarie Infrastructure Holdings, LLC: 72,041 shares worth $3.09M.
  • Ares Management added most to Option Care Health in Q4 2019, an estimated $7.28M increase.
  • Ares Management's biggest Q4 2019 reduction was Floor & Decor, cutting an estimated $333M.
  • Ares Management fully exited Pennant Park Investment Corp in Q4 2019, selling an estimated $4.1M.
  • Ares Management's ten largest holdings make up 95% of its $1.12B portfolio in Q4 2019.
  • Ares Management opened 8 new positions and closed 13 in Q4 2019.
  • Ares Management's portfolio value fell 26% quarter-over-quarter to $1.12B.

Based on Ares Management's 13F filing for Q4 2019, filed 14 Feb 2020.