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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
-16.16%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$1.96B
AUM Growth
-$873M
(-31%)
Cap. Flow
-$284M
Cap. Flow
% of AUM
-14.5%
Top 10 Holdings %
Top 10 Hldgs %
85.75%
Holding
63
New
8
Increased
9
Reduced
31
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$54.3M |
| 2 |
PG&E
PCG
|
+$26.7M |
| 3 |
CCT
Corporate Capital Trust, Inc.
CCT
|
+$17.9M |
| 4 |
WhiteHorse Finance
WHF
|
+$14M |
| 5 |
CBB
Cincinnati Bell Inc.
CBB
|
+$7.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Floor & Decor
FND
|
+$316M |
| 2 |
GST
Gastar Exploration Inc.
GST
|
+$31.8M |
| 3 |
CRC
California Resources Corporation
CRC
|
+$25.6M |
| 4 |
FS KKR Capital
FSK
|
+$8.46M |
| 5 |
Sixth Street Specialty
TSLX
|
+$7.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.18% |
| 2 | Energy | 23.18% |
| 3 | Financials | 11.88% |
| 4 | Communication Services | 2.67% |
| 5 | Utilities | 1.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACRE
51
Ares Commercial Real Estate
ACRE
$256M
| $333K | 0.02% |
23,844
-1,083
| -4% | -$15.4K |
|
52
BlackRock Corporate High Yield Fund
HYT
$1.37B
| $289K | 0.01% |
27,500
+12,500
| +83% | +$132K |
|
53
Capital Southwest
CSWC
$1.6B
| $285K | 0.01% |
+15,000
| New | +$282K |
|
|
ECC
54
Eagle Point Credit Company
ECC
$512M
| $179K | 0.01% |
10,000
-5,000
| -33% | -$91.3K |
|
55
BlackRock Debt Strategies Fund
DSU
$601M
| $159K | 0.01% |
+14,298
| New | +$161K |
|
|
HK.WS
56
DELISTED
Halcon Resources Corporation
HK.WS
| $33K | ﹤0.01% |
332,811
-8,095
| -2% | -$1.49K |
|
|
SCU
57
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $22K | ﹤0.01% |
1,510
| – | – |
|
|
CIM
58
Chimera Investment
CIM
$980M
| – | – |
-43,733
| Closed | -$2.4M |
|
59
Hovnanian Enterprises
HOV
$772M
| – | – |
-400
| Closed | -$16K |
|
|
KIO
60
KKR Income Opportunities Fund
KIO
$459M
| – | – |
-12,000
| Closed | -$199K |
|
61
Prospect Capital
PSEC
$1.15B
| – | – |
-279,288
| Closed | -$1.87M |
|
|
GST
62
DELISTED
Gastar Exploration Inc.
GST
| – | – |
-56,712,088
| Closed | -$31.8M |
|
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Ares Management's Q3 2018 Portfolio in Review
As of Q3 2018, Ares Management held 63 positions worth $1.96B, down 31% from $2.83B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Ares Management withdrew a net $284M in Q3 2018, closing 6 positions and reducing 31 holdings. Its most notable exit was Gastar Exploration Inc., an estimated $31.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, down from 59% a quarter earlier, followed by Energy and Financials.
Against the trend, Ares Management opened a new position in State Street SPDR Bloomberg High Yield Bond ETF worth $54.7M.
- Ares Management's largest Q3 2018 buy was State Street SPDR Bloomberg High Yield Bond ETF: 505,500 shares worth $54.7M.
- Ares Management added most to Corporate Capital Trust, Inc. in Q3 2018, an estimated $17.9M increase.
- Ares Management's biggest Q3 2018 reduction was Floor & Decor, cutting an estimated $316M.
- Ares Management fully exited Gastar Exploration Inc. in Q3 2018, selling an estimated $31.8M.
- Ares Management's ten largest holdings make up 86% of its $1.96B portfolio in Q3 2018.
- Ares Management opened 8 new positions and closed 6 in Q3 2018.
- Ares Management's portfolio value fell 31% quarter-over-quarter to $1.96B.
Based on Ares Management's 13F filing for Q3 2018, filed 14 Nov 2018.