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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
+0.06%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$2.95B
AUM Growth
-$1.15B
(-28%)
Cap. Flow
-$400M
Cap. Flow
% of AUM
-13.57%
Top 10 Holdings %
Top 10 Hldgs %
93.17%
Holding
63
New
4
Increased
15
Reduced
16
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Option Care Health
OPCH
|
+$17.9M |
| 2 |
Hercules Capital
HTGC
|
+$4.11M |
| 3 |
Prospect Capital
PSEC
|
+$3.19M |
| 4 |
PNNT
Pennant Park Investment Corp
PNNT
|
+$2.98M |
| 5 |
TRTX
TPG RE Finance Trust
TRTX
|
+$2.58M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Floor & Decor
FND
|
+$251M |
| 2 |
NBL
Noble Energy, Inc.
NBL
|
+$158M |
| 3 |
TVPT
Travelport Worldwide Limited
TVPT
|
+$11M |
| 4 |
ACSF
American Capital Senior Floating, Ltd.
ACSF
|
+$6.33M |
| 5 |
WhiteHorse Finance
WHF
|
+$4.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 60.72% |
| 2 | Energy | 16.13% |
| 3 | Financials | 5.74% |
| 4 | Real Estate | 0.92% |
| 5 | Healthcare | 0.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARDC
51
Are Dynamic Credit Allocation Fund
ARDC
$295M
| $531K | 0.02% |
32,351
+355
| +1% | +$5.8K |
|
52
Patterson-UTI
PTEN
$3.54B
| $464K | 0.02% |
22,148
-2,608
| -11% | -$48K |
|
|
ACRE
53
Ares Commercial Real Estate
ACRE
$247M
| $417K | 0.01% |
31,341
+1,955
| +7% | +$25.6K |
|
|
HK.WS
54
DELISTED
Halcon Resources Corporation
HK.WS
| $187K | 0.01% |
340,906
| – | – |
|
55
BlackRock Corporate High Yield Fund
HYT
$1.35B
| $170K | 0.01% |
15,000
| – | – |
|
|
CMO
56
DELISTED
Capstead Mortgage Corp.
CMO
| $135K | ﹤0.01% |
14,000
| – | – |
|
|
FUEL
57
DELISTED
Rocket Fuel Inc.
FUEL
| $15K | ﹤0.01% |
11,405
| – | – |
|
|
BGB
58
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
| – | – |
-15,200
| Closed | -$242K |
|
59
Sixth Street Specialty
TSLX
$1.67B
| – | – |
-96,587
| Closed | -$1.98M |
|
|
TVPT
60
DELISTED
Travelport Worldwide Limited
TVPT
| – | – |
-797,440
| Closed | -$11M |
|
|
ACSF
61
DELISTED
American Capital Senior Floating, Ltd.
ACSF
| – | – |
-492,843
| Closed | -$6.33M |
|
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Ares Management's Q3 2017 Portfolio in Review
As of Q3 2017, Ares Management held 63 positions worth $2.95B, down 28% from $4.1B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Ares Management withdrew a net $400M in Q3 2017, closing 4 positions and reducing 16 holdings. Its most notable exit was Travelport Worldwide Limited, an estimated $11M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 61% of assets, up from 50% a quarter earlier, followed by Energy and Financials.
Against the trend, Ares Management opened a new position in Prospect Capital worth $2.86M.
- Ares Management's largest Q3 2017 buy was Prospect Capital: 425,891 shares worth $2.86M.
- Ares Management added most to Option Care Health in Q3 2017, an estimated $17.9M increase.
- Ares Management's biggest Q3 2017 reduction was Floor & Decor, cutting an estimated $251M.
- Ares Management fully exited Travelport Worldwide Limited in Q3 2017, selling an estimated $11M.
- Ares Management's ten largest holdings make up 93% of its $2.95B portfolio in Q3 2017.
- Ares Management opened 4 new positions and closed 4 in Q3 2017.
- Ares Management's portfolio value fell 28% quarter-over-quarter to $2.95B.
Based on Ares Management's 13F filing for Q3 2017, filed 14 Nov 2017.